Obama predicted to be worst president on economy since Herbert Hoover
Obama predicted to be worst president on economy since Herbert HooverFROM JEROME CORSI'S RED ALERT - Wingnut - 11/10/2008 - originalEditor's Note: The following report is excerpted from Jerome Corsi's Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and columnist. Subscriptions are $99 a year or $9.95 per month for credit card users. Annual subscribers will receive a free autographed copy of The Obama Nation, the blueprint for Obama's first term in office.
Dow to hit 6,000
The Dow Jones Industrial Average is heading for a new low of 6,000 as Barack Obama prepares to assume the presidency in January, according to a new report from Jerome Corsi's Red Alert.
Red Alert accurately predicted the Dow Jones Industrial Average would hit a pre-election bottom of 8,000, a forecast fulfilled in mid-morning trading Oct. 10.
Now Red Alert's author, whose books including The Obama Nation and Unfit for Command have appeared atop the New York Times best-sellers list, is predicting a President Barack Obama will set new lows across the board, earning for himself a reputation as the worst U.S. president in modern history when dealing with economics.
The Dow will hit a new low of 6,000 in the fourth quarter 2008, most likely reaching that mark sometime in the next two months, probably in late November or early December, Corsi predicts.
"We are confident the mainstream media, which did every possible bit of cheerleading to get Obama into office, can be relied upon to proclaim him a genius following every decision he makes," he said.
"Unfortunately, economics tends to be a function of reality, not hype."
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Corsi predicts Obama over the next four years will lead the U.S. into the worst global depression it ever has experienced.
"Red Alert is confident that within one year, even an economic failure like President Herbert Hoover will look like a genius when compared to the failures we are likely to see from a President Obama," he wrote.
For more economic predictions and to prepare for the Dow hitting a new low of 6,000, read Jerome Corsi's Red Alert, the premium, online intelligence news source by the WND staff writer, columnist and author of the New York Times No. 1 best-seller, The Obama Nation.