Some More Perspective On The Financial/Market Meltdown
By omb on Mar 12, 2009 in Finance, Obeyme
After hearing Chairman Obeyme pass the buck for his Marxist agenda to Bush this weekend, in a phone call to the New York Times designed to fine tune/clarify his answer being asked the question “Are you a Socialist?”, I ran across this article by Randall Hoven on American Thinker that comments on all of the government actions and Market reactions since the TARP. Here’s an excerpt:
“And why must we do this? It’s Bush’s fault. The only way to get out of a crisis caused by Bush’s $400B deficits is to spend our way to a $1,752B deficit. That kind of thinking gets you a 60% approval rating.”
Does a day go by when Obeyme does not remind us that he inherited this problem? The very fact that he says that is indicative of someone who has no idea of how to lead. A leader embraces the problems that they face and takes ownership of them. There’s no room in the Presidency for shared responsibility, when you run for that office, you should understand that.
When the President blames the previous administration for the state of the economy, what that tells you, and the stock market, is that he has no clue as to how to fix it or whether or not the actions that they are taking will be effective. Markets hate uncertainty and every time Obama opens his mouth he spreads more and more of it.
-OMB
Yeah, and around chicago, obama is known for being very arrogant and not listening to anyone. Sound familiar?
Hear that? I’m listening to the sound of everybody’s money flushing away! Happy retirement!
cocktail weenie | Mar 12, 2009 | Reply
Looking at the American Thinker website, in their Merchandise section they have some interesting bumper stickers. One in particular explains how we got this point, how Obama got elected in the first place, and how he and the Democrats in Congress are cramming this agenda through.
Here’s the quote ; “What luck for rulers that men do not think.”
I would add “Or pay close attention to what their rulers are doing.”
The author? Adolf Hitler.
The Libinator | Mar 13, 2009 | Reply
Cocktail weenie
Well, that’s not really surprising, is it? He’s very arrogant.
-OMB
omb | Mar 13, 2009 | Reply
Libinator,
HItler was insane, not stupid, and evidently his observations have not been lost on current generations.
-OMB
omb | Mar 13, 2009 | Reply
I find it interesting that he said “I get it!” Um, I don’t think so. The fear of investment right now comes from the fear of the government and its interfernece in the market.
-today he says we’re likely to look back and see it’s not as bad as we thought. hmm. Maybe we should not have rushed everything through…
EAP | Mar 13, 2009 | Reply