Posted on 03/04/2009 9:16:29 AM PST by Red in Blue PA
At the risk of redundancy I'll ask it again: Is he? Is President Obama effin' CRAZY?
President Obama blames the continuing global financial crisis for the unmitigated carnage on Monday, when the Dow fell below 7000 and closed down 300 points (or 4.2 percent) at a 12-year low of 6763.
Bullspit! The man is in denial. By now we know the economy is ailing. The main thing that has changed: The disturbing details of Obamas tax-and-spend plans are becoming all too clear.
Most of the moves he has made in his first 43 days in office have been bad for the markets, damaging to investors, ill-advised for the economy and detrimental to repairing the financial collapse wracking the entire planet.
Yesterday Treasury Secretary Timothy Geithner told a House committee the new budgets single most overriding priority is to stimulate private investment. Yet Bam proposes to more than double the tax rate on hedge funds and private equity funds, engines of private-sector growth. Cant be good for firms like Blackstone [BX 6.02 0.33 (+5.8%) ]
(Excerpt) Read more at cnbc.com ...
To be insane would be a step up for obama.
I'll sho' yuh CHANGE!
So Obama really believes in his heart of hearts that when the entire American system collapses in ruin and anarchy a wonderful Socialist Ecotopia will arise from the ashes with himself at its head?
I remember when Isaac Asimov accused Reagan’s first Interior Sec’y James Watt of saying that the Rapture was coming so we didn’t need to husband the environment.
Just wait till he gets his Cap & Trade deal in place.
I was going to scan through the comments but the glorious design of the Obama-worshipping site took me over...
All hail the New Order!!!
1945, Berlin, Hilter ordered the flooding of the Berlin subway system, despite the fact that there were hundreds, if not thousands of refugees in them. His mind set was that Germany didn't "deserve" to exist, because the people had failed him; unable to take him to the greatness he deserved. He set out to destroy what remained of the German people and nation.
I am not saying that barry is Hitler. I am pointing out that extreme narcissism, coupled with a failed radical ideology, has, and can lead, people in power to turn on the very people they rule over. Maybe I am being pessimistic; I can see this becoming an issue in the next 2-4 years, as the economy continues to tank, and more and more people turn on the one.
"At the risk of redundancy I'll ask it again: Is he? Is President Obama effin' CRAZY? "
His supporters are. The Obammunists are.
He doesn't understand the most basic principles of economics.
Must be getting truck loads of outraged viewer email or something.
CNBC, the world's “Business Network,” is dominated by center-left Democrats, plus a few centrist Republicans like Kneale and Santelli and Kernan.
For six months CNBC has broadcast almost unconditional support for Bailouts and Stimulus.
For the last two weeks they have actually been questioning and challenging these policies.
Even Charlie Gasparino and Dylan Ratigan have begun to pretend that they are capitalists.
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