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Obama dismisses 'day-to-day gyrations' of the stock market


The Associated Press
March 3, 2009

(Getty Images)

President Barack Obama is comparing the stock market to the daily tracking polls used during campaigns, saying that paying too close attention to Wall Street's "fits and starts" could lead to bad long-term policy.

Obama spoke to reporters Tuesday after meeting in the Oval Office with visiting British Prime Minister Gordon Brown. Obama said he is not measuring policies against "the day-to-day gyrations of the stock market," but by whether lending is flowing more freely, businesses are investing and the unemployed are going back to work.

He said he is "absolutely confident" that those things will happen. But the president also said it will take time for the mistakes of the past to work their way through the system.



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Reader Comments

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smallbusinessowner

Mar 3, 2009

"But the president also said it will take time for the mistakes of the past to work their way through the system." _________ We will never recover from the mistakes of the past six weeks.

 

Janice

Mar 3, 2009

Not concerned with the day-to-day gyrations of the market? It's more like week to week and tell that to those who have lost their savings. Maybe they care and those are the people who he is supposed to be representing. The free market is responding to the CURRENT policies that are being implemented, not the past. It's time to take responsibility. It's his ship now to either sink or float. What's it going to be?

 

obamamymommy

Mar 3, 2009

Looks like Obama doesn't even understand the word. There are no "gyrations" of the market. It's a linear trend line ....down. inflection points occur when he gyrates his lips.

 


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