Inspiring Investor Confidence: Oh, Never Mind! - The American Spectator | USA News and Politics
Inspiring Investor Confidence: Oh, Never Mind!

I thought the multiple bail-outs, massive “stimulus” package, and “investment”-packed budget proposal were all supposed to inspire investor confidence.  Well, the Dow didn’t get the message:  early today it has fallen below 7000 for the first time since October 28, 1997.  Maybe there will be a late rebound, but it appears that people who invest have little confidence in the administration’s plan to transform America in Europe.

Doug Bandow
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Doug Bandow is a Senior Fellow at the Cato Institute.
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