Posted on 03/04/2009 5:42:49 PM PST by Free ThinkerNY
Is President Obama intentionally attempting to bring the stock market to its knees? Some argue that, indeed, he is. "The free market has failed," he could say, "just as it failed the housing market!"
Consider that, in the teeth of a devastating recession, Obama has:
• Raised taxes on small businesses, the engines of entrepreneurship and job growth
• Raised the capital gains tax
• Lied about "tax cuts for 95% of Americans", offering instead $13 a week, achieved not through tax cuts, but by changing the federal withholding tables!
• Destroyed charitable giving by axing the tax breaks for 26% of all giving (or $81 billion in 2006)
Why would Obama inflict these destructive policies while the economy is collapsing? Simple. Each step strengthens the role of government in people's lives.
• Squelching the stock market kills its attractiveness as a parking lot for private capital. Combined with an increase in the capital gains tax, investors will swarm to bonds -- tax-free vehicles like municipal bonds, which benefit the growth of state and local government. And unions, of course.
• True tax cuts would grow the economy, which is why, of course, Obama shuns them. The last major recession was Jimmy Carter's malaise. It consisted of of double-digit inflation and unemployment. It was finally licked by across-the-board tax cuts for everyone (even the despised rich), which touched off a twenty-plus year run of prosperity.
• Charities reduce the role of government assistance for those in need. That, in Obama's world, can not be tolerated. That is why charities must be choked off and allowed to die. Especially faith-based institutions.
The only plausible explanation is that Obama's destruction of the economy is intentional.
(Excerpt) Read more at directorblue.blogspot.com ...
Soros most likely
There’s a part of me that hopes that he did. If he didn’t, and he’s really this retarded - which is not out of the question - then Lord help us all.
Yup. He is not done either. The U.S. is not totally broke yet. His friends are getting as rich shorting as his other friends the Saudis.
He is intentionally destroying the markets. The Great Pretender is a jealous communist. When is the public going to wake up to his destruction?
Of course, we have to worry about the numbskulls in the Republican party, who, with certain exceptions, are gutless pansies...
Single handed destruction of our economy. A war flowing across our southern border. Redistribution of wealth. Importing radical islamists and turning known terrorists free. Crushing private industry under the weight of impossible regulations.
no longer any doubt, and where did the 4.4 trillion in bailouts go ?
Yup! Why else would a President who campaigned on hope spew some much gloom and doom?
Yup! Why else would a President who campaigned on hope spew some much gloom and doom? Oh yea, I know why. so, he can pass broad sweeping CHANGE.
Yes, he had a lot of help from his friends.
The shear scale of this cannot be attributed to Soros and his friends. It is much too large. It must be Sovereign capital moving this market. Nations, not individuals.
And the traders know full well how disastrous this is going to be.
It will not get better until he is out of the office!
He might not have but his handlers did. The best is yet to come. He and his handlers have placed in motion the mechanism that will completely destroy the U.S. economy. It is only a matter of time.
Thanks for posting. Good article. A hat-tip to The Great One at the bottom of the article.
Where do you think we go from here?
Stand-off at the state level with 10th amendment?
Open defiance & revolt?
We are witnessing the destruction of our nation.
Unless someone can come up with proof he was born in Kenya, unseal his Occidental and Columbia registration records, or unseal his passport data the outlook is frightening.
I am convinced that nothing short of his removal from office will stop the financial collapse. It is Done.
You’re very welcome, PGalt.
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