Monday, May 04, 2009

Wall Street on the Chopping Block?

Obama is now saying the stock market will have less influence over the economy. Now, how is that supposed to happen? What, exactly, does he have in mind to reduce the stock market's influence?

The stock market is a place where you can buy or sell shares of public corporations. Will Obama make corporations less public? Less available to the public? Obama has already shown that he is willing to have the government buy shares of stocks. WIll he have the government buy even more shares of even more corporations to "stabilize" it? I cannot imagine Obama coming up with anything in regards to the stock market that will benefit anybody.
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