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Thursday, 26 February 2009

image for Presidential Speeches and the US Stock Market Decline

Moscow, Russian Federation: On a flight from Washington DC to Paris, Dr. Pita Belini of the Russian Academy of Sciences was seated next to Professor Kartoffel Kopf of the Dusseldorf School of Linguistics.

Dr. Belini and Dr. Kopf struck up a conversation about the latter's paper President Obama's and President Bush's Communication Skills Examined.

After her return to Moscow Dr. Belini pored over the USA's "Wall Street Journal" and noticed that every time Democratic President Barack Obama or Republican President George W Bush made a speech about the US economy the Dow Jones Industrial average (DOW) dropped.

President Bush's speeches decreased the DOW from about 14000 in October 2007 to 9625 by the US Election Day (November 2008) and then again decreased the DOW to 7950 by President Obama's Inauguration Day (January 2009). President Obama's speeches decreased the DOW from 7950 to 7500 prior to his first State of the Union speech (February 2009). A day following this speech the DOW was at 7275.

Dr. Belini noted that President Bush should have stopped speaking well before the end of his term in office. Thus, President Obama needs to take heed by ceasing his speeches to allow the DOW to level off and start upwards again." She also added that "Premier Vladimir Putin, our capitalism expert who never meddles in RF economics, has told western nations not to interfere in their county's free market systems."

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The story above is a satire or parody. It is entirely fictitious.

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