Obama Day #2

The market isn't impressed by what it heard from Obama, or maybe it is overwhelmed by the weakness in the financials. Probably the latter.

The following half sentence from today's speech did a little of the work in getting Obama elected:

"a nation cannot prosper long when it favors only the prosperous"

Populism at its best and it was well-played during the election, especially as a follow up to Bush the 2nd. It's probably not the best time to be taking from the rich and giving to the poor in this country.

"Our challenges may be new. The instruments with which we meet them may be new. But those values upon which our success depends -- hard work and honesty, courage and fair play, tolerance and curiosity, loyalty and patriotism -- these things are old."

That's more like it.