You Need to Pay Attention
I'm swamped at work but I wanted to put this out here.
First being, Rush Limbaugh is not the enemy. He is not the leader of the Republican party. He is a very popular talk show hosts that I would imagine most politicians use for publicity and to reach their constituents. He is not an elected official. He has never been any more or any less than what he says he is ... a conservative first and foremost who believes that all people, regardless of education, background, or bank account can make something of themselves in this country. Because he did it. Michael Steele ... BACK OFF. I like Rush a hell of a lot better than I like any politician in Washington. And as the - chuckle chuckle - "defacto leader of the Republican party" let me remind you that you are meant to organize the grass roots, not alienate them. YOU IDIOT.
Secondly ... people you need to pay attention to what the markets are doing. They are teetering around scary. When Bush left office they were hovering around and below 9,000, and since Obama has taken office and announced his bankruptcy plan for America, we've fallen to 1997 levels.
You need to read this in the Wall Street Journal. This from a so-called flip flop moderate in the New York Times ("are forced to confront the reality that Barack Obama is not who we thought he was"), and you need to read PowerLine and Paul Ryan's testimony before the Congressional Budget Office today.
Read the whole thing.
First being, Rush Limbaugh is not the enemy. He is not the leader of the Republican party. He is a very popular talk show hosts that I would imagine most politicians use for publicity and to reach their constituents. He is not an elected official. He has never been any more or any less than what he says he is ... a conservative first and foremost who believes that all people, regardless of education, background, or bank account can make something of themselves in this country. Because he did it. Michael Steele ... BACK OFF. I like Rush a hell of a lot better than I like any politician in Washington. And as the - chuckle chuckle - "defacto leader of the Republican party" let me remind you that you are meant to organize the grass roots, not alienate them. YOU IDIOT.
Secondly ... people you need to pay attention to what the markets are doing. They are teetering around scary. When Bush left office they were hovering around and below 9,000, and since Obama has taken office and announced his bankruptcy plan for America, we've fallen to 1997 levels.
You need to read this in the Wall Street Journal. This from a so-called flip flop moderate in the New York Times ("are forced to confront the reality that Barack Obama is not who we thought he was"), and you need to read PowerLine and Paul Ryan's testimony before the Congressional Budget Office today.
This power play strikes me as an incredible gamble with the U.S. economy and with those principles that built this country. Now the facts surrounding this budget are disturbing. It proposes to bring the size of our government to its largest level ever since World War II. It doubles the national debt in eight years. During a recession, it seeks to impose a $1.4 trillion tax in our economy on work, on savings, investment, energy, on manufacturing.
Read the whole thing.
Comments
Actions and words, like elections, have consequences. And even though the President is right that the Dow is not the be all end all of economic forecasting, it is an indicator, as was found out by the Wall Street Journal.
What's more, the market (and the people that trade on it) react to what the President and Congress does. So far, they've reacted negatively.
If Bush was still in office, and Dems still controlled Congress and they'd passed that ridiculous $800B stimulus plan, we might still be in the same shape.
And time is running out on using Bush as the bad guy. So you better get your hits in while you can, because the buck stops with the guy in charge and right now President Obama is that guy. He will OWN this recession if it does not get better in the next 6/9 months.
But many economists, Congressional budget Office peeps, and talking heads blame that budget for the stocks perciptious drop in recent days, not just me.
The Obama administration and its spending is speeding us into a period of inflation. This is what the markets are reacting to. I think the big question most people are asking is: Where is all of the money going to come from to pay for all of these social programs that do not generate any stimulus to the economy.