Market analysts usually play down the influence of presidents on the market but say this time could be different as taxpayer dollars prop up private companies and Obama's first proposed budget stands at $3.6 trillion, with a gaping deficit.
In this case, said Wachovia Securities chief market analyst Alfred E. Goldman, investors are saying "they have no confidence in the stimulus package doing much stimulation anytime soon. And they're greatly concerned about the size of the budget
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Business & Technology | Stocks turn in worst performance for new president | Seattle Times Newspaper
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