Obama cannot understand that the stock market is the most intelligent evaluator that the world has ever seen, and it does not like what Obama is saying.
Obama keeps rolling out more and more expenditures, $275 billion for mortgages, $787 billion for a stimulus plan, $441 billion extra spending beyond Bush dumb budget. Golly gee, that is more than $1,500 billion in two weeks?
Plus trillions more to buy mortgages from Fannie Mae since no one else will buy worthless crap any more. Gee, why should we taxpayers? Just get rid of Fannie Mae, since she started this whole mess.
Plus trillions more into failed banks that just cannot stop failing over and over again.
The results of Obama’s Spendomania Orgy? January was the worst January in the history of America for the stock market.
So Obama announced more spending but tried to disguise it by saying he would cut the deficit in half in four years, but first he had to increase it to the most ridiculous number ever seen. The result?
February was the worst February in the history of America for the stock market.
The size of the deficit after he cuts it in half (assuming that he will, which defies credulity) the remaing deficit will be by far the largest deficit we have ever seen (before Obama, of course). To set that large a “reduced” deficit as acceptable is not reasonable. To set it as our goal is so ridiculous that words fail me.
Cumulatively, the Dow Jones and Standard & Poor’s indexes have all broken below their previous lows, signaling that the worst January in history, and the worst February in history, are only a harbinger of things to come.
These are the worst stock index charts in history. Let me repeat this in terms even a food stamp baby can understand:
THE CURRENT STOCK MARKET DECLINES FOR JANUARY AND FEBRUARY, COMBINED WITH THE DECLINES SINCE THE POLLS SAID A TAX RAISING SOCIALIST WAS ABOUT TO BECOME PRESIDENT, ARE FAR WORSE THAN ANY TWO MONTHS OF CHARTS IN THE GREAT DEPRESSION!!!
The market has just told us that Obama’s plans will fail to save us from a new Great Depression.
Sell ALL your stocks and real estate today, even at these low prices, and put all the money in insured bank deposits and T-Bills.
The worst part is Obama continues to mesmerize the media and the press and the youth, so he will get what he wants, and all value will be destroyed. Our financial future is lost.