Is Obama intentionally attempting to bring the stock market to its knees?

[FarRightLooney]

http://directorblue.blogspot.com/2009/03/mission-accomplished-obama.html

Wednesday, March 04, 2009
Mission Accomplished! Did Obama intentionally nuke the economy?

Is President Obama intentionally attempting to bring the stock market to its knees? Some argue that, indeed, he is. "The free market has failed," he could say, "just as it failed the housing market!"
http://citadelcc.vo.llnwd.net/o29/network/Levin/MP3/levin03032009.mp3


Consider that, in the teeth of a devastating recession, Obama has:

• Raised taxes on small businesses, the engines of entrepreneurship and job growth

• Raised the capital gains tax

• Lied about "tax cuts for 95% of Americans", offering instead $13 a week, achieved not through tax cuts, but by changing the federal withholding tables!

• Destroyed charitable giving by axing the tax breaks for 26% of all giving (or $81 billion in 2006)

• Proposed a carbon cap-and-trading scheme designed to punish oil companies and further tax consumers

http://gatewaypundit.blogspot.com/2009/03/obama-administration-announces-they.html

Why would Obama inflict these destructive policies while the economy is collapsing? Simple. Each step strengthens the role of government in people's lives.

• Squelching the stock market kills its attractiveness as a parking lot for private capital. Combined with an increase in the capital gains tax, investors will swarm to bonds -- tax-free vehicles like municipal bonds, which benefit the growth of state and local government. And unions, of course.

• Carbon cap-and-tax will raise taxes on all Americans as the cost of goods and services will increase to address a non-existent threat.
http://www.capmag.com/article.asp?ID=5441

• True tax cuts would grow the economy, which is why, of course, Obama shuns them. The last major recession was Jimmy Carter's malaise. It consisted of of double-digit inflation and unemployment. It was finally licked by across-the-board tax cuts for everyone (even the despised rich), which touched off a twenty-plus year run of prosperity.

• Charities reduce the role of government assistance for those in need. That, in Obama's world, can not be tolerated. That is why charities must be choked off and allowed to die. Especially faith-based institutions.

The only plausible explanation is that Obama's destruction of the economy is intentional.
http://gatewaypundit.blogspot.com/2009/03/democrats-bankrupting-america-video.html

It is based on a failed ideology that has a track record of Mugabe-esque disaster.

And I'm not the only one who thinks so. Jim Cramer is a long-time investor who's been around the block a few times. He thinks the Obama agenda is crystal clear, stating "...their agenda is destroying the life savings of millions of Americans... we've elected a Leninist."
http://gatewaypundit.blogspot.com/2009/03/cnbcs-cramer-on-obama-its-amateur-hour.html

Cramer went on to say that President Obama has caused "the greatest wealth destruction I have seen by a president."

So he's got that going for him.

Cramer calls it an "assault on the economy" by the President and his cohorts.
http://gatewaypundit.blogspot.com/2009/03/cnbc-host-cramer-responds-towh-press.html

If all of this comes as a surprise to you, I'm guessing you never saw The secret scrapbook of Barry Soetero.
http://directorblue.blogspot.com/2008/10/secret-scrapbook-of-barry-soetoro.html

Because if you had, you would've known.

One
Big
Ass
Mistake
America

[LurkerNoMore]

Of course.  Didn't you get the memo?  It's part of the Muslim agenda.  Or was it the Black agenda?   which one?

[Soul Crusher]

Of course.  Didn't you get the memo?  It's part of the Muslim agenda.  Or was it the Black agenda?   which one?

The truth is killing you.  This messiah is a disaster of biblical measures.

[shootfighter1]

Well, I don't know about intent but you can't argue with those facts.  Personally, I believe Obama is trying to help the country but his idea is to have more government control and regulation of the nation.  Its a philosophical difference though it seems obvious that he is not helping out the private industry.

Gov needs to deal with the banking crisis, free up credit, increased guarantees on monies and then get the hell out of the way.  That is NOT Obama's agenda and it is hurting private industry and wall street.

[LurkerNoMore]

The truth is killing you.  This messiah is a disaster of biblical measures.

I'm not the one crying and complaining all the time.  So I guess that makes your statement irrelevant.

[Soul Crusher]

I'm not the one crying and complaining all the time.  So I guess that makes your statement irrelevant.

That is because you fall into one of the categories that supports this mess. 

[LurkerNoMore]

That is because you fall into one of the categories that supports this mess. 

Awww like you supported Bush?  But let me guess.. that was "different" right?

[Soul Crusher]

Awww like you supported Bush?  But let me guess.. that was "different" right?

How many times do we have to go through this??

I though Bush was pretty good his first term other than illegal aliens and some spending issues, however I thought his second term was a disaster starting in February 2005 when he started with his amnesty garbage.  Then Dubai Ports, Prescirption Drug, Meirs, CFR, etc.

his second term was horrific. 

However, Obama is after 45 days where it took Bush 5 years to get to. 

Just because Bush went on a reckless spending spree does not make it ok for Obama to do the same.  Shit, Obama has already spent more than GWB did in 8 years!

[LurkerNoMore]

Obama is spending within the US for the most part... little Bush never did.

[Soul Crusher]

Obama is spending within the US for the most part... little Bush never did.

Is Obama ending the war in Iraq or Afghanistan??  Did I miss that?

[SAMSON123]

Of course.  Didn't you get the memo?  It's part of the Muslim agenda.  Or was it the Black agenda?   which one?

NEITHER...It was the BUSH AGENDA numbnuts.... The economy was nuked under BUSH...you are now reaping the fallout....

[BM OUT]

Of course.  Didn't you get the memo?  It's part of the Muslim agenda.  Or was it the Black agenda?   which one?

No,the socialist agenda!

[240 is Back]

Is Obama ending the war in Iraq or Afghanistan??  Did I miss that?

scaling back the troops from 142k to 50k in iraq, bumping up afghan by 17k to finally get bin laden.

[Eyeball Chambers]

to finally get bin laden.

Do you think that's going to happen?

[The Coach]

Well, I don't know about intent but you can't argue with those facts.  Personally, I believe Obama is trying to help the country but his idea is to have more government control and regulation of the nation.  Its a philosophical difference though it seems obvious that he is not helping out the private industry.

Gov needs to deal with the banking crisis, free up credit, increased guarantees on monies and then get the hell out of the way.  That is NOT Obama's agenda and it is hurting private industry and wall street.

I believe it's more of a power grab rather than help the country.

[240 is Back]

Do you think that's going to happen?

only if they have a time machine and a shovel. that cat long gone.

[George Whorewell]

I alluded to his in another thread already- He's either -A) doing this on purpose to destroy the economy an create some socialist Euro welfare state B) Totally incompatent or ( the likely answer) C) A puppet of the far left slimeballs who control both houses of Congress.

There is no conspiracy, no wild Black or muslim agenda ( unless you think he wants everyone in America to be as poor and miserable as the vast majority of muslims and blacks who live outside the united states or Europe) or any other wild explanation. Pretty soon the answer is going to become obvious once the country gets exhausted with the Obama administrations mindlessly repetitive invocation of  Bush's name to expain everything wrong with the country. 

[Eric2]

Could be part of his agenda so everyone will think that they have no where else to go but the government, which by the way is the only place hiring right now. The job rate for the government is going up while the private sector is going down.

[MCWAY]

The truth is killing you.  This messiah is a disaster of biblical measures.

But, if you don't bow down before the image of Obama, you'll get chucked into the furnace. Just ask Rush!!!

 

[Soul Crusher]

But, if you don't bow down before the image of Obama, you'll get chucked into the furnace. Just ask Rush!!!

 

Look, I think the Peter Pan President we have is so clueless about economics that he does not realize the real financial damage his ignorance has on people.

For example, his remark about he DJI being a tracking poll could not only be more inaccurate, but downright dangerous.   There are pensions, 401'ks , people near retirement, etc who are not rich that have alot of their money in the stock market.  Bambi treats this like it is a joke and nothing to be concerned about.  Unreal.

   

[MCWAY]

to finally get bin laden.

Do you think that's going to happen?

Not unless Bin Laden becomes a conservative talk show host.