The Stock Market’s Problem: Bear-ack Obama

IsraPundit ^ | 3/4/09 | Bill Levinson

[Winged Hussar]

The Obama Economy (Wall Street Journal, 3/3/09, A12) exposes the 800 pound gorilla (or bear to be more precise) in the living room that nobody seems to want to talk about: Barack Obama. The article contends that Obama is himself the real barrier to an economic recovery because of his grossly irresponsible and totally incompetent economic agenda.

So what has happened in the last two months? The economy has received no great new outside shock. Exchange rates and other prices have been stable, and there are no security crises of note. The reality of a sharp recession has been known and built into stock prices since last year's fourth quarter.

What is new is the unveiling of Mr. Obama's agenda and his approach to governance. ...The market has notably plunged since Mr. Obama introduced his budget last week, and that should be no surprise. The document was a declaration of hostility toward capitalists across the economy. Health-care stocks have dived on fears of new government mandates and price controls. Private lenders to students have been told they're no longer wanted. Anyone who uses carbon energy has been warned to expect a huge tax increase from cap and trade. And every risk-taker and investor now knows that another tax increase will slam the economy in 2011, unless Mr. Obama lets Speaker Nancy Pelosi impose one even earlier.

We have already depicted Mr. Obama as "Barack Cade" after Jack Cade from King Henry VI, and the following cartoon gives him another new name: Bearack Obama.

[nomad]

Someone needs to graph the stock market in relation to every Obama related statement and bill passed.I think that would tell the story better,especially for the borderline sheeple.

[PGR88]

Barak Mugabe

[Zakeet]

[lilylangtree]

the illegal fraud obozo is a disaster.

[gleeaikin]

I really cannot understand the deep panic. Many local and regional banks did not partake in the mortgage money madness. The fact as other FReepers have assured me that a lot of Wall Street types are/were? Democrats is really ironic. Meanwhile, we have NOT had another 9/11 or Katrina, we still have our building and roads. OK, we need to cut back a little, save a little more, put in a garden or two. But it is not like the ‘30s when there was a major crop-destroying drought going on as a result of bad weather conditions and lack of agricultural knowledge. Maybe Roosevelt was right when he said “The only thing we have to fear is fear itself.”