OK now, Obama gets elected, the Dow drops.
The bailout gets approved by the Senate, the Dow drops.
Obama signs the stimulus bill, the Dow drops.
This looks a lot like wrong, wrong, wrong. Wrong man, wrong politics, wrong action. HuffPo had an article about heartland America wanting the stimulus package because it would create jobs. In the short run, I’m sure it will, but when top end economists say this turkey will hurt our economy and thereby eliminate jobs, the Dow drops and the sheep sing obama’s praises.
One little question that no one seems to be talking about; since our government is already running at a severe deficit, where is the $800 billion going to come from? Who has that kind of liquid cash on hand? You don’t think it might be the Chinese who already have bought a very large share of U.S. Government bonds? Gee, you don’t think the Chinese might use that as leverage to dictate U.S. economic policy? They wouldn’t say something like “Do it our way or we dump your bonds cheap and really f*** you up”?
Hang on guys, this one is going to make Carter look like a genius. I’m actually worried as to how difficult it will be to salvage our country in 4 years. Obama’s off to a bad start. In a year or two, even the Neo Fascists (aka liberals or progressives) will come to realize how disasterus Obama’s policies will be and he’ll be a one term President, but how much damage will he do before he leaves office?
Hang on guys, this one is going to make Carter look like a genius. I’m actually worried as to how difficult it will be to salvage our country in 4 years. Obama’s off to a bad start. In a year or two, even the Neo Fascists (aka liberals or progressives) will come to realize how disasterus Obama’s policies will be and he’ll be a one term President, but how much damage will he do before he leaves office?
Something tells me this is going to have to be a complete rebuild from the foundation up. Shoot, we may have to pour a whole new slab if we don’t stop this fire before it cracks the very concrete.
As of 2/19/09 it stands now at 7464.95. WAY TO GO Obenothing!!!