enough said!
Posted on 03/02/2009 7:45:01 PM PST by St. Louis Conservative
As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.
Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth.
The Democrats who now run Washington don't want to hear this, because they benefit from blaming all bad economic news on President Bush. And Mr. Obama has inherited an unusual recession deepened by credit problems, both of which will take time to climb out of. But it's also true that the economy has fallen far enough, and long enough, that much of the excess that led to recession is being worked off. Already 15 months old, the current recession will soon match the average length -- and average job loss -- of the last three postwar downturns. What goes down will come up -- unless destructive policies interfere with the sources of potential recovery.
(Excerpt) Read more at online.wsj.com ...
The graph for Fox's ratings and the graph for the stock market indices have been going in equally steep, but opposite, directions since Obama became President.
I’ve noticed. I assume Obama has ordered Fox off all military bases, the WH and AF1 by now.
This is about where Democrats will really start catching hell from voters if the DJIA falls any further. Fingerpointing at GWB will only make it worse for the ‘Rats.
The mainstream press will not be able to ignore it...and they'll start their own "questioning"...or not.
What is new is the unveiling of Mr. Obama’s agenda and his approach to governance. Every new President has a finite stock of capital — financial and political — to deploy, and amid recession Mr. Obama has more than most. But one negative revelation has been the way he has chosen to spend his scarce resources on income transfers rather than growth promotion. Most of his “stimulus” spending was devoted to social programs, rather than public works, and nearly all of the tax cuts were devoted to income maintenance rather than to improving incentives to work or invest."
Obama THIS IS YOUR FAULT!!!!
Obama could have grown the economy and stopped the bleeding Instead they did the opposite with their OUTRAGEOUS Spending Bills. Obama and the Democratic Congress and Senate chose pain for its citizens. We must never ever forget.
What Obama/Reid/Pelosie should have done is as follows:
1) decrease income taxes
2) decrease fuel taxes
3) increase domestic drilling
4) increase refining capacity
5) decrease capital gains taxes to:
a. 0% for two years
b. 5% for two years
c. 10% for two years
d 15% for two years
6) increase long term capital gain/dividend losses from $3,000 to $5,000 for the next 10 years and
7) decrease depreciation from 30 years to 15 years.
Instead of growing the economy Obama/Reid/PelousyMousy shrunk the economy with their ideology. Because of them, unemployment will reach double digits. Never ever let them get away with this crap. Never ever forget. Rahm, Obama, Reid, PelousyMousy are responsible for the on coming Tsunami.
8) halt SS taxes for 8 months, both employee & employer, for everyone, in trade for a 12 month delay in retirement benefit eligibility. People would have noticeably more “change” in their pocket to spend or save, the downturn would halt, confidence return, and the looming weight of SS debt would be lifted enough to make a difference.
: )
Thanks, I like and will add to the list.
It’s a good list!
ping. The truth makes for good ‘Talking Points’
Bump
If it happens, that is the canary in the coal mine, and will make me realize what has happened: A communist coup.
“What goes down will come up — unless destructive policies interfere with the sources of potential recovery.”
That’s the KEY right there. What’s next? Yep. Letting the Bush tax cuts expire...cap & trade global warming BS, taxing small business...more corporate bailouts...
Pelosi, 0bama, et al still have a lot of mistakes to make before we see the end of this. *SPIT*
As an aside, the Libtards I work with are suspiciously SILENT these days. I have a feeling they’re finally getting a clue. Of course, I keep them posted (sometimes hourly) on what the markets are doing. I just can’t help myself, LOL!
Tag line.
enough said!
“I think we should allow Obama’s Toxic Stimulus, bank bailouts, idiotic energy policy and other FAR LEFT POLICY to run their course. These ideas will finally be exposed as the BS that we all knew it to be and then MAYBE Average Americans will see it, regain their sanity and put Conservatives in power, ala Reagan Revolution.”
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
That seems like a fool’s errand to me. All those things have been exposed long ago for anyone capable of seeing and understanding, for those not capable there is no way to make them see.
We must remember that what is happening are the symptoms of a disease, not the disease itself. That disease was self-inflicted when we removed all barriers to voting. A representative government cannot work when the representatives are elected by the illiterate, by the lazy, by the willfully blind, by those too young to understand their own lack of knowledge. We used to require voters to be 21 at a time when 16 year olds were trusted to drive school buses loaded with children and 18 year olds could buy beer. Now, in this same state, we allow 18 year olds to vote but they must be 21 to buy beer and we wouldn’t dream of allowing a 16 year old behind the wheel of a bus. We have lowered the voting age at a time when the age of expected responsibility has been pushed higher by at least ten years. I clearly remember that people thought something was wrong with me because I did not have a wife and children by age 23, now I see hordes of 33 year olds depending on their parents to protect them from the world.
Without drastic reform in voter qualifications there is no hope for this nation. When candidates have to cater to the lowest common denominator to win election you will have the kind of government the lowest common denominator desires and that is what we have now.
Add to all this the MASSIVE voter fraud that happened in the 2008 election and will only get worse in 2010 and it becomes obvious that those who dream of victory at the ballot box are indulging in a pleasant fantasy. Victory at the ballot box requires voters who know what they are doing and candidates who are willing to return to time tested values and govern accordingly when elected. The candidates may exist but the voters are buried in a mass of fools whose votes count the same as the vote of the wisest and best among us.
No jobs in the papers. No business person is hiring because no one with an IQ about 40 has ANY ANY confidence in the Kenyan-born Marxist.
I watch Neil Cavuto everyday and yesterday he was talking to Art Laffer and lost the last part of the feed, in an instant, Cavuto said,”The White House must have taken control of that feed” the crew laughed out loud and Neil said, “I am kidding.” Interesting he said that so quickly, watch for him and Beck to soon be targeted. Beck is the top rated show in the ET 5:00pm time slot!!
Beck’s ratings have skyrocketed since he joined Fox... It must be a shock even to them, he was lucky to get a half million each night at HLN...
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