Submitted By Todd on March 10th at 10:07am
did it yesterday.
"The message has to be very, very clear as to what government will be doing," said Buffett, an informal adviser to the White House. "And I think we've had - and it's the nature of the political process somewhat - but we've had muddled messages and the American public does not know. They feel they don't know what's going on, and their reaction then is to absolutely pull back."Jack Welch, too.
JACK WELCH (former General Electric CEO): No, I think -- look, I think you can have your staff working on all kinds of long-range problems, but you can't be out yourself in front of the crowd telling them on Wednesday we're gonna be health care; on Thursday we're gonna be something else; on Friday -- the country is confused. I think your staff should be working night and day on the long-range problems.This storyline, true as it is, and destructive as it is, must be responded to by the White House.
The Dow Jones industrial average has fallen 21 percent during Obama's first seven weeks in office. Count back to Election Day and the results are even bleaker: That afternoon, the Dow closed at 9,625. Now it stands at 6,547, a loss of 32 percent.They can pretend that the stock market isn't a priority right now, but they do so at the peril of the economy.