ObamaHood.org

Joe Bel Bruno and Sara Lepro of the AP report that: Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark amid a dour economic outlook from the Federal Reserve and worries over the fate of Detroit’s three automakers.

Investors were rattled on prospects that General Motors Corp., Ford Motor Co., and Chrysler LLC might not get a $25 billion rescue package before Congress quits for the year. The heads of those companies told lawmakers that time is running out, and that if one of them collapsed it would have a disastrous impact on the already battered economy.

Congressional Democrats have proposed using part of the $700 billion financial bailout package to pump into the ailing auto industry, but Republicans oppose such an approach. Treasury Secretary Henry Paulson has already shot down such an idea.

Senate Majority Leader Harry Reid of Nevada was hopeful of a deal in the “next day or two.” He still hoped Paulson would step in if Congress can’t usher through a deal.

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From AmericanMissive.com

As you can see, as Mr. Obama’s polling numbers move in an inverse relationship to the Dow.

But the question remains: is Mr. Obama rising in popularity because the market is falling and people perceive he can save us?  Or is the market falling because Mr. Obama is rising in popularity and people perceive he will hurt us?

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