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 ...
Everything Obama says comes with an expiration date.
W was an average to an above average president. Time will tell us which one. He was a below average communicator and this worked to Obama’s benefit. Obama was inevitable, though. I think it’s better to face him now than later.
It’s nice to make comparisons to Carter and Clinton but the sobering truth is that there is no precedent for what this president is trying to do to our country.
No precedent in American history, anyway.
We, the People, are dumber than rocks for allowing Democrats to rule the cities. We, the People, are dumber than rocks for allowing the Government to rob our paychecks each and every week. Moonman, it is we, the people who are to blame. Until we, the People, wake the heck up, we will continue to get the leadership we, the People deserve.
(Just so you know, I am using the royal "we" because I didn't vote for Bamabi.)
The GOP lost because of poor leadership and bad polices. Yes, the Democrats are bad, too, which means the GOP has to be really bad to in order to lose. It's the GOP leadership that needs to wake up and listen to the people, and believe in the people and the country the way Reagan did.
I don't want the GOP to be the minority party for 50 years the way they were after Hoover. I want them to wake up, stop trying to match the corruption and laziness of the Democrats, and go back to being the party of great ideas that make America great.
He’s definitely in a class by himself. In part because he found the barn door wide open.
Barack Obama will kill MILLIONS of Americans.
And I haven't even had kids yet.
Respectfully I dearly hope you’re wrong.
0 isn’t just after the Dow.
He’d like to kill the Constitution too.
and God’s natural laws on which it is based.
Hussein wishes to implement a 3-part takeover of the US economy:
1. Own the FIRE means of production (finance ie banks [Citi], insurance [AIG] & real estate [Fannie/Freddie])
2. Regulate/dispense/control health care
3. Direct/manage economy via energy (cap & trade)
These initiatives will only be successful if the Kenyan has sufficient tax revenues and adequate access to credit (Treasuries) to pay for his grandiose schemes.
Purposely slowing down the economy through a concerted effort to save more & spend less will help crater tax receipts. With falling revenues, -0- will be forced to borrow more to make up the shortfalls.
Escalating demand for debt (increased risk = increased prices of debt & higher interest rates), and a dawning realization that invested funds will not contribute to increased imports (Chinese perspective), will serve to detonate the bond market and dry up his ability to loan money.
No taxes and no Treasuries means the shiftless punk from ChiTown will be sh!t out of luck trying to take over our country. Wake up and get with the program. It's not really an option - we're literally in a fight for our lives. If we help breathe new life into the economy, we're merely funding the agents of our oppression.
The other baby boomers, well, we recognize them and deeply resent their anti-American, drive to destroy our culture, our spirit and our faith in an attempt to replace it with their version of communism.
In my dreams, I would wish them all ten years in Cuba, or Venezuela and no means of escape.
You know what is stunning? Watch this video of Treasury Secretary Snow on September 10, 2003 and compare his testimony to the crap Treasury Secretary Geitner put forth just a few days ago. The difference is stunning, simply stunning.
actually I think that is Baraq's goal to be supremo commandante of a socialist "paradise"