Watching the Remarks by the President in a question and answer session at the closing of the Fiscal Responsibility Summit, I felt ensured by Presidents Barak Obama about his efforts to make government more open to all so that we get a sense of what is going on there in Washington. Moreover, I must say, I have confidence that the measures the Obama administration is taking to address our economic problems will benefit most all Americans, directly or indirectly. My confidence is based on the Presidents thoughtfulness. Before Presidents Barak Obama makes any decisions, he has been discussing the problem with a vast variety of experts and scholars. He tries not to make the same mistake as his predecessor ,J.W.Bush, who listen to the conservative base of the Republican Party instead to experts or scholars.
To watch the whole 41 + minutes you will find a video on C-Span and the full transcript from the Press Secretary. I think it’s worth while watching and/ or reading about this Q&A.
Nonetheless, the Dow fell 250.73 points to 7114.94. The S&P 500 dropped 26.71 points to 743.34, and the Nasdaq composite index skidded 53.51 points to 1,387.72.
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