- The Washington Times - Thursday, March 5, 2009

ANALYSIS/OPINION:

President Obama has admonished the American people, in so many words, “Don’t worry, be happy,” to relax and not pay attention to the “day-to-day gyrations of the stock market.”

I am sure that it is easy for the president not to fret over an enormous paper loss in his investments, as he is a multimillionaire who will be able to live in the lap of luxury for the rest of his life. For the rest of us who have dutifully scrimped and saved to provide ourselves a comfortable retirement during which we would not become government dependents, there is cause to follow the consistent plunge in the stock market and to worry. We have lost 50 percent or more of our stock portfolios with no hope in the short term for significant recovery.

I love my job and have no plans to retire, but one never knows what the future holds: We plan, God laughs. I wonder how many of us can derive great comfort in the knowledge that as we wonder whether we will have to work until we reach age 100, our president is relaxed and optimistic.

If the Obama economic plan holds such promise, why have the financial markets reacted to it with fear and panic rather than bullishness?

OREN M. SPIEGLER

Upper Saint Clair, Pa.


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