Posted by
OneOrdinaryMan on Wednesday, March 04, 2009 1:43:32 PM
Once again after being away from these blogs for too long, I return to post, whether noticed (I hope) or no, and hope I at least get one person to notice what the man we have made the leader of our nation is up to.
What is happening at the NYSE (New York Stock Exchange) is very hard to miss. The Dow Jones, under George Bush, was at over 14,000 points. Under the new 'national administration', that same market was, Monday, at its lowest point in twelve years. Today, we are seeing some (minor) recovery, but that market is still below 7,000. That has to hurt... not only for the stock brokers (whether they belong to an organization such as Smith Barney or they operate independently), but for their investors as well.
A lot of people have been forced, since our new President's 'stimulus package' (why they are still calling that monstrosity of pork and earmarks a 'stimulus' I will never know...) was passed through the Congress, to watch their money (and their lives) go down a seemingly endless wormhole. Doctors who were retired after a long, fruitful career are being forced back to practice in order to maintain themselves. So much for retirement.
What really frightens me the most about all of this is that (President) Obama actually believes what a majority of the media of the United States says about him. He believes himself capable of 'restoring' the United States to greatness from the pit he has started us down in to. He believes himself capable of anything.
The AP had an article up the other day online that I read (and printed). '"President Obama said Tuesday that now is a good time for investors to buy stocks if they focus on the big picture" '1 Where a man who has absolutely no real experience for the market came up with that belief, I don't know, and what 'big picture' he's referring to, I don't know either.
Our President needs a (serious) wakeup call, I say, after some of the things he has said over the past several days. ' "The stock market is like a tracking poll in politics. It bobs up and down day-to day," Obama said. "And if you spend all your time worrying about that, then you're probably going to get the long-term strategy wrong." '2 Pardon me, but what in the name of God is he talking about? If anyone reading this has any idea what it is, please let me know.
I would say that the stock market(s), and the people who affect them, are showing their feelings about what President Obama has planned for us. The President believes his 'stimulus package' (take that with an entire bottle of salt...) and his other policies are going to correct the plunge. Personally, I believe that whatever Obama is smoking must be an incredible hallucinogen... I'd make a killing selling it, I'm sure.
But enough with the jokes. We are in a great deal of trouble, and we have a man in the highest office in this nation who really has no idea what to do about it. The people who are behind him support ideals already made very, very clear by their behavior. No matter what they call themselves, they are Socialists, and they want the United States to be a Socialism, not a Democracy.
As I recall, though, I have said that before. Many, many times, whether here or otherwise, and beating a dead horse is only going to leave me with more pieces, and no benefit.
So on to other matters. Phil Kerpen, the Director of Policy, for Americans for Prosperity, wrote an article I located on FoxNews.com earlier. The article was titled "Obama's Top Five Broken Promises", and it well-states exactly what our President is capable of, and just how much of a hypocrite he is.
Mister Kerpen is very frank in the article about President Obama, and I think he makes his points well, and after I read them, my (already) significant disgust for our new President grew even greater. He noted on the article exactly where each item came from, and it is therefore that I will show that material to you. After all, I cannot include a link to the article on FoxNews...3
What was said:
"...As president, Obama will not sign any non-emergency bill without giving the American public an opportunity to review and comment on the White House website for five days."
What was done:
"Obama signed the Lily Ledbetter bill, the SCHIP/cigarette tax hike, and the stimulus bill all with far less than a five-day waiting period that he promised-and continues to promise-on his campaign Web site."
Disgusting, no? There's a good deal more where that came from, too. I am not going to include the rest here, other than the following, which was, on Kerpen's article, 'Promise #1'.
What was said:
" 'Not because I believe in bigger government — I don’t.' ” ( Joint Session of Congress 24 Feb. 2009)
What was done:
"Obama proposed a budget that is breathtaking in scope, a blueprint for the biggest permanent expansion of government in history right on the heels of a sweeping trillion dollar stimulus plan. The budget lays the foundation for a government takeover of the health care and energy sectors and dramatically increasing spending across the board, other than defense weapons programs. Spending as a percentage of the economy under this budget will reach the historic level of 27.7 percent this year. The deficit as a percent of the economy, at 12.3 percent, is set to be the biggest in the entire history of the country outside of the four peak years of World War II. Anyone who offers such a budget can only fairly be described as a believer in bigger government."
Really... I wonder just what the reaction of his supporters is going to be when their money spills away like water! Who will they blame? This monster of a budget is the creation of their beloved President Obama, who can do no wrong. Many continue to attempt to support him, even after he has shown himself for what he is. He is not the 'Messiah' they hoped for him to be - he is no more than what Bill Clinton was - a stage magician or con-man (depending on your choice of words) playing another game of bait-and-switch with the people who are foolish enough to fall for the trick.
1+2 --
Obama: It's a Good Time to Buy Stocks (AP, author unknown)
3 -- Obama's Top Five Broken Promises (Phil Kerpen, FoxNews contributor)