[Iron Munro]

Larry Kudlow: Don't Panic, This Isn't Remotely Like 2008

True -

Back in 2008 we knew the financial scare was a pre-election scam set up by Obama backers.
The fundamentals were still fairly sound and we had not been through TARP, Stimulus I, QE-1, QE-2 and three years of Obama's insane wealth redistribution, so we had $2 or $3 trillion less debt.

And at that time we still believed that the crooked and inept politicians creating the problems were motivated by greed and a desire to push the liberal agenda, not by a desire to destroy the country.

Now, three years later, we know the economy is much worse than it was in 2008 and that the fundamentals are getting even weaker day by day.

And we now have a president who has clearly stated he wants to remake America.
To do that you have to un-make it first. That is exactly what he is doing.

[donozark]

Government may have designs on IRAs/401Ks,etc. Tank the market, then come to the "rescue" of millions of Americans who lost their life savings. Socialism on the march. Virtually unstoppable (as I see it) by any means other than force of arms.

What we are seeing in London has only been prevented here because we have a Black man as President. Were he lily white, and worse, a Republican, our cities would be in flames.

Next stop? Libya...

[Jane Long]

Fundamental Transformation™

[arkady_renko]

You forgot, the biggest drag on the future optimism for business is Obamacare.

It is interesting that they picked the day of signing the deficit increase bill to announce that they are forcing the insurance companies to pay for birth control and morning after pills.

This is one of the first mandates from Obamacare and any company that doesn't see the writing on the wall is delusional. No company will be safe from government takeover if this stays intact. The federal government can come up with a 'public good' argument to take over any industry or business.