President Obama and Democrats like to speak about "restoring" America's reputation abroad. In one key respect -- trade policy -- they're already veering off track. This might be good short-term domestic politics in Washington. But it will come at a price.
Meanwhile, pundits on Wall Street say:
Obviously the Geithner plan disappointed the Street.
It seems that some investors are losing faith in Obama. There's now conjecture as to whether the stimulus will be helpful or harmful, muses Karen Finerman. The idea that the stimulus could be harmful is a fairly new sentiment in this market.
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