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Front Page: Obama Dances His Way to First Day in Office

  • Volunteers, fundraisers, and friends celebrated the inauguration of President Obama last night at numerous inaugural balls. — LA Times
  • President Obama will tackle the economy and the Iraq war on day one of his presidency. He will meet with his economic team and US military commanders. — International Herald Tribune
  • The US stock market dropped yesterday, as the Dow Jones had its worse inauguration day decline.— Bloomberg
  • President Obama has requested the suspension of all military tribunals at Guantanamo Bay, only hours after becoming president. He will now have the opportunity to review the tribunals. — BBC News
  • Israel will investigate claims that white phosphorous was used during its Gaza offensive. International groups allege that Israel used the weapon, which illuminates targets or creates smoke screens while having the potential to cause serious burns. — AP

Source

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Join The Conversation
True-Song True-Song 7 years
It's interesting to be so happy about not seeing any of it but having so much to say about the vomit-inducing singing, the hideous dresses, and the oath snafu.
CaterpillarGirl CaterpillarGirl 7 years
I am so proud of myself for not watching one minute of the inaguration or whatever came with it.
hausfrau hausfrau 7 years
I'm not blaming her for seeking a stylist. I would have one if I were going to be in the public eye that much.
stephley stephley 7 years
He's a HAIR stylist and has been working with Michelle for nearly two years.
bluesarahlou bluesarahlou 7 years
Hmm. Rephrase: I work for a public company and it SEEMS like our stock falls whenever there's a stiff breeze. :shrug:
bluesarahlou bluesarahlou 7 years
I work for a public company and our stocks fall whenever there's a stiff breeze. :shrug:
hausfrau hausfrau 7 years
Side note: I was right about the stylist! Bella has the post - http://www.bellasugar.com/2720832
hausfrau hausfrau 7 years
Historically Dems are not as favorable to business as Pubs are. I think its just a fact of life. I wouldn't expect the EPA to be throwing a party when a Pub got elected, I don't think we should expect the stock market to rally when a Dem is sworn in. Historically the market takes a dip the day a Dem is sworn in but it usually rallies the next day, as it has been today. Like Org said, its about confidence and I don't think it should be a surprise to anyone that the market took a dip based on Obama's proclimations of more regulation and higher corporate taxes.
hausfrau hausfrau 7 years
Historically Dems are not as favorable to business as Pubs are. I think its just a fact of life. I wouldn't expect the EPA to be throwing a party when a Pub got elected, I don't think we should expect the stock market to rally when a Dem is sworn in. Historically the market takes a dip the day a Dem is sworn in but it usually rallies the next day, as it has been today.Like Org said, its about confidence and I don't think it should be a surprise to anyone that the market took a dip based on Obama's proclimations of more regulation and higher corporate taxes.
hausfrau hausfrau 7 years
I think historically the markets have always gone down when a Dem is elected and sworn in (on each day). And I think everyone has a right to their own opinion on MO's dress. Some people would like her wearing a burlap sack just because they like her. Some people will hate her in whatever just because they don't like her. I do think its unfair though to expect a woman of more... maturity, I think is the polite way to say it, like Laura Bush to dress like a young woman. MO is quite a bit younger than LB so of course she will dress younger and therefore her style might be more appealing to younger people however that doesn't mean that she's Jackie O or that LB had no style.
hausfrau hausfrau 7 years
I think historically the markets have always gone down when a Dem is elected and sworn in (on each day).And I think everyone has a right to their own opinion on MO's dress. Some people would like her wearing a burlap sack just because they like her. Some people will hate her in whatever just because they don't like her.I do think its unfair though to expect a woman of more... maturity, I think is the polite way to say it, like Laura Bush to dress like a young woman. MO is quite a bit younger than LB so of course she will dress younger and therefore her style might be more appealing to younger people however that doesn't mean that she's Jackie O or that LB had no style.
organicsugr organicsugr 7 years
"organic don't you think that's correlation and not causation though?""I have a feeling (and I'm not talking about anyone here--at least anyone that's posted here yet) that many people who blame Obama for any downturn in the stock market now, won't be as willing to give him credit for any upswings in the market later.""He definitely didn't 'cause' that reaction in the market."The downturn doesn't reflect any policy of Obama's. It shows the faith that investors have in the future profitability of companies that are traded on the exchange. The downturn when Obama won the election showed a lack of faith in the future profitability of stocks. This doesn't say that Obama has done anything good or bad. It only shows that large investors, based on the policies that he has talked about, do not believe that he will be good for the economy. I take the opinions of these people pretty seriously, because they live and breathe the market. I think it would be fair to say that fund managers know more than myself or Obama about market trends.Causation is certainly a difficult thing to prove, nigh impossible in the stock market, but I think that the correlation is worth noting. And I certainly do not think it is a coincidence.
organicsugr organicsugr 7 years
"organic don't you think that's correlation and not causation though?" "I have a feeling (and I'm not talking about anyone here--at least anyone that's posted here yet) that many people who blame Obama for any downturn in the stock market now, won't be as willing to give him credit for any upswings in the market later." "He definitely didn't 'cause' that reaction in the market." The downturn doesn't reflect any policy of Obama's. It shows the faith that investors have in the future profitability of companies that are traded on the exchange. The downturn when Obama won the election showed a lack of faith in the future profitability of stocks. This doesn't say that Obama has done anything good or bad. It only shows that large investors, based on the policies that he has talked about, do not believe that he will be good for the economy. I take the opinions of these people pretty seriously, because they live and breathe the market. I think it would be fair to say that fund managers know more than myself or Obama about market trends. Causation is certainly a difficult thing to prove, nigh impossible in the stock market, but I think that the correlation is worth noting. And I certainly do not think it is a coincidence.
gitsie123 gitsie123 7 years
Considering the financial crisis we have been in, i can understand a drop in the stock market. I don't understand how that can be blamed on Obama becoming president. But like Jude said, I bet people who are naturally against Obama are just wetting their pants at this news. Because you know, if Obama had lost, the economic crisis would have suddenely ended yesterday.
gitsie123 gitsie123 7 years
Considering the financial crisis we have been in, i can understand a drop in the stock market. I don't understand how that can be blamed on Obama becoming president. But like Jude said, I bet people who are naturally against Obama are just wetting their pants at this news. Because you know, if Obama had lost, the economic crisis would have suddenely ended yesterday.
Great-Sommelier Great-Sommelier 7 years
Org, I am so glad I kept reading and saw that at least one other person noticed the article about the stock market.
GlowingMoon GlowingMoon 7 years
I agree -- I like that picture, too. What a lovely moment between the couple.
Jude-C Jude-C 7 years
I hope to be proven wrong, Indie, but I doubt I will be in this case.
indielove indielove 7 years
You're completely on the mark there, Jude.
momma-tikita momma-tikita 7 years
hmm.
momma-tikita momma-tikita 7 years
hmm.
Jude-C Jude-C 7 years
I have a feeling (and I'm not talking about anyone here--at least anyone that's posted here yet) that many people who blame Obama for any downturn in the stock market now, won't be as willing to give him credit for any upswings in the market later. Just a feeling.
Jude-C Jude-C 7 years
I have a feeling (and I'm not talking about anyone here--at least anyone that's posted here <i>yet</i>) that many people who blame Obama for any downturn in the stock market now, won't be as willing to give him credit for any upswings in the market later.Just a feeling.
indielove indielove 7 years
He definitely didn't 'cause' that reaction in the market.
popgoestheworld popgoestheworld 7 years
organic don't you think that's correlation and not causation though?
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