Skip to comments.Obama's Radicalism Is Killing the Dow
Posted on 03/05/2009 9:28:59 PM PST by pissant
t's hard not to see the continued sell-off on Wall Street and the growing fear on Main Street as a product, at least in part, of the realization that our new president's policies are designed to radically re-engineer the market-based U.S. economy, not just mitigate the recession and financial crisis.
The illusion that Barack Obama will lead from the economic center has quickly come to an end. Instead of combining the best policies of past Democratic presidents -- John Kennedy on taxes, Bill Clinton on welfare reform and a balanced budget, for instance -- President Obama is returning to Jimmy Carter's higher taxes and Mr. Clinton's draconian defense drawdown.
Mr. Obama's $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents -- from George Washington to George W. Bush -- combined. It reduces defense spending to a level not sustained since the dangerous days before World War II, while increasing nondefense spending (relative to GDP) to the highest level in U.S. history. And it would raise taxes to historically high levels (again, relative to GDP). And all of this before addressing the impending explosion in Social Security and Medicare costs.
(Excerpt) Read more at online.wsj.com ...
"The dreadful policy proposals will continue until the market rallies."
And it is starting to kill the hopes and dreams of many citizens as well.
Obama is proving that he’s either very stupid or very evil.
Sadly, the Loyal Opposition isn’t convinced the free market is best.
It seems too many Republicans need to be dragged back to their party’s basic values.
Who said “White man’s greed runs a world in need” ?
The media never mentions it, of course.
Well the 1/2 whitey ain’t doing such a stellar job either?
Why not run the world the Kenyan way?
He used to get their names confused constantly and somebody recorded it once and Paul Shanklin made a parody out of it that was priceless.
My new bumper sticker
How’s the Hope & Change
working for ya?
Should have sold my stock pre-inauguration. Now it’s worth less than 12 years ago! Bye bye, our nest egg!
Id be willing to bet that except for gold and silver -- Obamas key handler (Soros) is short every U.S. market and has his boy talking the markets down every day.
I believe Obama simply doesn't care. He sees his role to reshape domestic policy, to be the champion of the oppressed. The markets be damned. 401(k)s be damned. The middle class be damned. Nothing seems to stop his agenda . . . and it is a pure domestic socialist agenda. Our next chance at fiscal sanity is November 2010.
Well, he's not stupid so that only leaves... evil. It's no accident. He knows what he's doing. And he's doing a good job of it.
Obama is in a Marxist class all by himself. For all the Bush haters enjoy the above WSJ paragraph.
Let's also hope it jolts the electorate out of their drunken stupor.
He’s both, but in the opposite order...
Why give a choice. He is both. King Obama is a hard core communist thug and he resembles a 10 year old kid.
See the dow chart there. Oct ‘07 was the Dow top at @14000. That day Obama co-sponsored a bill to beef up low income housing regulations on banks. And with the Republican nominees, it became more evident that there was a good _possibility_ of a Democrat Presidency.
In May of ‘08 (even though Clinton was winning some primaries in Ohio, Texas, Penns. etc.) the ‘metric’ was already in favor of Obama where despite Clinton’s new found hope (read: Operation Chaos), Chucky T, specifically, and MSNBCCBSNBCCNNABCNYTWP had already declared Obama the winner. And of course by then McCain was the only Republican left. “Possibility” went to “probability” and the Dow showed that by dropping more in May and the rest is history.
The market anticipates - it isn’t as Obama says a ‘daily tracking poll’ - it ‘knew’ in Oct. of ‘07.
Actually, it’s quite appropriate that one of the Kennedys be kNIGHTed. After all, some of this families best moments have occured at NIGHT:
* Papa Joe Kennedy moved most of his Prohibition bootleg scotch ashore at NIGHT;
* Sir Edward drowned Mary Jo at NIGHT;
* Sir Edward and that little snot nephew of his lured that Palm Beach barmaid back to the compound where little snot attempted to force his way into her knickers at NIGHT;
* The Skakel lad whacked a young lady in the head, killing her, at NIGHT;
* I believe Sir Edward and senate pal Chrissie Dodd made their “waitress sandwich” at that D.C. restaurant at NIGHT;
* And the now legendary Kennedy hubris killed John, Jr., his wife and her sister at NIGHT.
These people seem to work best in the dark.
Please feel free to add you contributions to the list.
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