Posted on 02/26/2009 12:32:57 PM PST by NorCoGOP
Ultimately, all recessions and depressions resolve themselves into crises of confidence. The instant, global, 24/7 communications of today make them ever more so. President Obama, in his pursuit of liberal big-government spending, has totally neglected the role of the president of the United States in reversing global panic. To the contrary, his every remark and the constant preoccupation of his Cabinet is to heighten the sense of crisis and to escalate the predictions of doom if we do not do as they tell us and raise spending now and taxes later.
Instead of being a firewall, reassuring Main Street even as Wall Street crashed, he has become a conduit of panic, spreading the mood of desperation from the stock exchange floor to kitchen tables across the world.
There are bad loans, which became bad assets, that lie at the root of the crisis. Through deregulation by the government and the greed of financial institutions, they spread to every portfolio in the world. But these basic facts have metastasized out of all proportion to their real harm into job and financial insecurity for every family on Earth. It is President Obama, not the markets themselves, who has spread this fear. A global Paul Revere, he has not only aroused us, but incited fear and trepidation in his wake.
Previous panics have been global in impact, but local in focus. The world panicked because of developments in Mexico or Argentina or Thailand or South Korea. Now, with Collateralized Debt Obligations spreading the poison of a bunch of bad loans all over the world, infecting every portfolio, the panic is not only global in impact but in focus as well. Modern communications have hastened the spread of the virus of panic throughout the global bloodstream.
In addressing this panic, the president of the United States must truly be the leader of the world — showing the way back to confidence.
Instead, Obama has been instrumental in purveying fear and spreading doubt. It is his pronouncements, reinforced by the developments they kindle and catalyze, that are destroying good businesses, bankrupting responsible people and wiping out even conservative financial institutions. Every time he speaks, he sends the markets down and stocks crashing. He doesn’t seem to realize that the rest of the world takes its cue from him. He forgets that he stands at the epicenter of power, not on the fringes campaigning for office. This ain’t Iowa.
Why does Obama preach gloom and doom? Because he is so anxious to cram through every last spending bill, tax increase on the so-called rich, new government regulation, and expansion of healthcare entitlement that he must preserve the atmosphere of crisis as a political necessity. Only by keeping us in a state of panic can he induce us to vote for trillion-dollar deficits and spending packages that send our national debt soaring.
And then there is the matter of blame. The deeper the mess goes — and the further down his rhetoric drives it — the more imperative it becomes to lay off the blame on Bush. He must perpetually “discover” — to his shock — how deep the crisis that he inherited runs, stoking global fears in the process.
So, having inherited a recession, his words are creating a depression. He entered office amid a disaster and he is transforming it into a catastrophe, all to pass every last bit of government spending and move us a bit further to the left before his political capital dwindles.
But the jig will be up soon. The crash of the stock market in the days since he took power (indeed, from the moment he won the election) can increasingly be attributed to his own failure to lead us in the right direction, his failed policies in addressing the recession and his own spreading of panic and fear. The market collapse makes it evident that it is Obama who is the problem, where he should, instead, be the solution.
The more time passes, it ain't America much, anymore either....
Searched for double posting already...sorry if it is...
He’s not just a conduit spreading panic. He’s *creating* it by refusing to desist from his Marxist over-the-top spending priorities even in the face of a severe economic storm that was caused by overspending in the first place. It’s madness. When is the MSM going to wake up and realize the folly of continuing to cover for him? They are going down the tubes even faster than most of the rest of the economy, yet they continue to cheerlead and propagandize. Suicidal fools.
0bama knows exactly what he’s doing. Destruction of the wealth and independence of the bourgeoisie is a necessary precondition for socialism.
This is exactly what he wants to do, IMO. He has no interest in reviving the America of old, but instead wants to transform this country into another socialist hellhole. He isn't stupid, but he just might be evil.
Racist!
What was that theory you mentioned? The one about creating a crisis? Did you mean he created the crisis so that he can implement his policies and in the mind of the uneducated public, they think that he has fixed it?
What about that woman who said she was happy he won because she would never have to worry about her house or car payments, again?
Do you think she has noticed yet that the Messiah hasn’t solved all her problems?
“Do you think she has noticed yet that the Messiah hasn’t solved all her problems?”
Those people are so blind, Obama could give them a sh^t sandwich, and they would tell us how good it tastes.
Monday, I had a customer tell me how Obama was doing a great job; that the bailouts were nothing that other presidents hadn’t done before, and that people should just quit whining.
I also saw a woman wearing a “Yes We Can!” button today.
Obama’s goal with his daily catastrope preaching results in the following:
“Fearful people are more dependent, more easily manipulated and controlled, more susceptible to deceptively simple, strong, tough measures and hard-line postures. ... They may accept and even welcome repression if it promises to relieve their insecurities.” by George Gerber
The above includes the easily manipulated Congress. They are in such a panic that they are voting for trillions of dollars of new spending without reading the Bills.
I pray everyday that each elected official will wake up and understand the consequences of their current behavior. It is shocking that even the Republicans are still being polite and “want to work with Obama” despite his perpetual lies.
When will the media wake up?
I can see it now...
On a curb, her belongings piled around her...
Eviction/Foreclosure notices pasted in the windows...
"But....but....he promised! I stopped paying cause I didn't need to anymore!"
Forget a $1.75 Trillion Deficit this year. The deficit is going to be well over $2 Trillion. People are going to be screaming for Obama’s head in 2010 (or earlier) when they finally realize what he’s doing to this country.
In that case, let me be the first to "copyright" a potential slogan, not for 2010, but 2012...
4 More Years! NO WE CAN'T!!!!!
He wants to bury his defense of ACORN in layers of blame against others.
It isn’t that he might be evil. He IS evil. The more I watch him, which is getting to be less and less, I see the devil personified. God has been driven out of our country, and now we have the anti-Christ as far as I’m concerned.
He reminds me of Al Pacino in the Devil’s Advocate. He talks a good game, and knows exactly the right buttons to push. But remove the veneer, and there is Lucifer, Beezlebub, whatever you wish to call him.
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