Posted on 03/04/2009 11:17:42 AM PST by ADReditor
Many economists and Wall Street experts are now agreeing that Obama’s economic plan will only bring trillions of dollars more deficit, the greatest in history, over the near future and likely to continue well beyond that. The amount of federal dollars poured into AIG, the banks, and the auto industry is already well over many times what their stock would be worth in a total buyout. The actual effect of making these companies so in debt to the government has in fact been to render their stocks virtually if not absolutely worthless.
The amount of government intervention into the markets is so much that it no longer matters how good or efficient a service or product a particular company offers but rather if it is favored by one or another government program. Warren Buffett’s recent declaration that the economy is in shambles reflects that fact that even good companies are beginning to struggle. This is why the stock market is in abatement.
(Excerpt) Read more at americandailyreview.com ...
I said this weeks ago. Obama is timing the recovery to maximize the theft he can invoke.
0bama probably has no interest in our economic recovery. Easier to control a nation of have-nots who look to the government for their salvation.
Socialists—do they ever think past what they will do once every one is dirt poor and eating rotten potatoes? Like who will fund their commie projects if no one is working?
Nope..its too complex for their disordered minds.
All they are about is reeking evil on the good.
Creatures of The Lie.
Pfffttt—a page out of lucifers play book
Obama is not stimulating the economy, he is destroying it so that he will have a crisis. He can then institute his socialist agenda and save the country at a cost that our grandchildren will still be paying.
Obama is an inexperienced novice with dreams and ideals that are unreal and dangerous to our lives.
Obama is here “To Serve Mankind”
(see twilight zone)
Obama is here to “bring change”
in obama’s book the problem IS CAPITALISM AND LIBERTY, he is going to change the liberty. You are free to be a slave to the government.
He isn’t trying to delay the recovery, he is trying to eliminate the middle class entirely.
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