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Stock Market Gives Obama’s First Month An ‘F’

By Liz Peek

© AP

Editor’s Note: Liz Peek is a financial columnist and the author of wOw’s Wall Street Weekly and SHEconomics.

Today marks the one-month anniversary of President Obama’s inauguration. In his brief time in office, the president has overseen three massive new spending initiatives — the $787 billion stimulus bill, the trillion-dollar financial stability initiative and, most recently, the $275 billion mortgage assistance program.

That’s a lot of activity, and a ton of money, but so far the reaction to the new administration’s programs has been decidedly negative. Investors, among others, have panned the plans; the stock market is off nearly 10% from the day before the inauguration, or more than 800 points on the Dow Jones Industrial Average. To read the full article click here