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Tipsheet

Obama Compares Stock Market Plunge to Campaign Polls

President Barack Obama is dismissing the recent stock market plunge as a mere "gyration," which is similar to a daily tracking poll on a political campaign:

"And, you know, the stock market is sort of like a tracking poll in politics. It bobs up and down day to day, and if you spend all your time worrying about that, then you're probably going to get the long-term strategy wrong."
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Excuse me, but when the stock market "gyrates" up and down, people lose jobs -- and life's savings.

Can you imagine the uproar that would have ensued if a Republican president had brushed-off this stock market plunge -- and compared the real-world pain Americans are suffering with to a mere political campaign?

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