Four and Out

That hope that may now become a reality as the American people come to realize what the WSJ observed today…

The dismaying message here is that President Obama’s policies have become part of the economy’s problem.

Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it’s become clear that Mr. Obama’s policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence — and thus a longer period of recession or subpar growth.

I don’t have time today to elaborate but this picture is worth a thousand syllables…

…and why?

[Jimmy Carter II] has chosen to spend his scarce resources on income transfers rather than growth promotion. Most of his “stimulus” spending was devoted to social programs, rather than public works, and nearly all of the tax cuts were devoted to income maintenance rather than to improving incentives to work or invest.

The powers in Congress — unrebuked by Mr. Obama — are ridiculing and punishing the very capitalists who are essential to a sustainable recovery.

That’s Change® you’re going to lose your job over. Hopefully not you – the President.

34 thoughts on “Four and Out

  1. It’s a quagmire of historic proportions, and don’t forget to remind every barking moonbat that crosses your path that they own it….lock, stock and barrel.

    Change? Sure…from a vibrant capitalist economy to a moribound socialist craptacular.

    Nice call Democrats, real nice.

  2. Yeah, a DJIA of 6000 will look positively rosey after dipping under 3000. Let’s wait it out! Comeon, it’ll be fun! We can pretend we’re Zimbabwe!

  3. Clownboy, since 1912, other then Hoover-Roosevelt’s Great Depression, every economic downturn has lasted between 12 and 24 months. NEVER longer. We are 13 months into this one and Barry is ensuring it will last much longer. If we had people in Congress and the white house who were not totally economically illiterate, we’d be looking at a turnaround starting soon. But noooooooo, instead with have this clown act who is more interested in union card check and tearing down the successful people, then actually making things better. But hey, he “plays hoops”.

  4. A-S I posted on a different blog: I don’t think Obama is economically illiterate. On the contrary, he knows EXACTLY what he is doing. He is the foreman laying the pavement blocks for the rapid march from free market capitalism to socialism. Pelosi and Reid are the ASCFME droogs driving the granite supply truck and the cherry picker.

    He’s not stupid. He managed to pull the wool over the eyes of 53% of this country’s voters. Ok, maybe 43% and I’ll give a 10% gratis of this country’s population who might actually WANT to live in a horseshit economy like Sweden’s.

    He knows EXACTLY what he is doing, and he is doing it as quickly as possible so that it is as entrenched as possible by the time the double digit unemployment and interest rates finally wake up the sheeple.

  5. Mitch With inflation hanging right around the corner & with everything being supersized, shouldn’t you revise & extend your remarks to say that that picture is worth thousands of syllables?

  6. Obammy’s problem is that he doesn’t understand the beauty of tax cuts — they work in every situation.

    When you’re in a downturn, cut taxes to initiate growth.

    When you’re in boom times, cut taxes because they keep growth going.

    When you’re in a surplus, cut taxes because we should return people’s hard earned money that we’ve obviously overtaxed.

    When you’re in a deficit, cut taxes because they’ll boost revenues with all the growth they generate.

    But only when you cut taxes for the people with the real money.

    Obama’s tax cuts reward middle class laziness.
    /jc

  7. Slash, you wrote that comment as an ironic take on the liberal idea that raising taxes is a cure for every ill, didn’t you?
    Such a kidder!

  8. Obama’s tax cuts reward middle class laziness.
    What tax cuts? You mean the $13 a week? Yee ha! I’m goin out and buy me a new F150!
    Course the carbon taxes are going to be a Hell of a lot more than $13 a week. I may have to rethink my plan.

  9. Slash said:

    “When you’re in a deficit, cut taxes because they’ll boost revenues with all the growth they generate”

    Actually, in that situation you simply have to stop spending money. A difficult concept for some.

  10. Slash, we appreciate your willingness to make an asshole of yourself, really, but we can mock you without your assistance.

    But thanks for stopping by, douche.

  11. “What you’re now seeing is … profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it,” the president said on a day that trading continued to hover under 7,000.

    Actually it’s called the Price to Earning Ratio.

    It sort of defeats the purpose of trying to encourage investors when you screw up the most basic of terminology.

  12. It’s all part of Obama’s plan to make stock ownership affordable to all Americans. With your bonus tax break, you can now afford to buy four shares of GM per week.

  13. you can now afford to buy four shares of GM per week.
    You will be required to buy four shares of GM each week.

  14. Actually it’s called the Price to Earning Ratio.

    How ironic is it that a liberal has no concept of profits, let alone their use in a ratio, they being so evil and all.

  15. Nobel prize winning economist Paul Krugman says Obama’s plans are just dandy. Meanwhile money — which knows no ideology — is leaving the stock market like it is a house on fire.
    Eventually things will get bad enough that congress will refuse to go along with Obammy’s economy-wrecking plans. They have midterm elections to worry about.
    Until then I’ve taken the $100G I’ve got in the TIAA-CREF stock fund & put it in the money market. 0% interest is better than a loss.

  16. From Fred Waring & His Pennsylvanians, circa 1932, with lyrics by Irving Berlin (emphasis mine):

    LET’S HAVE ANOTHER CUP OF COFFEE

    Just around the corner,
    There’s a rainbow in the sky,
    So let’s have another cup of coffee,
    And let’s have another piece of pie.

    Trouble’s like a bubble,
    And the clouds will soon roll by,
    So let’s have another cup of coffee,
    And let’s have another piece of pie.

    Let a smile be your umbrella,
    For it’s just an April shower,
    Even John D. Rockefeller
    Is looking for the silver lining!

    Mr. Herbert Hoover
    Says that now’s the time to buy,

    So let’s have another cup of coffee,
    And let’s have another piece of pie!

  17. When will Assclown pull his head out and see the truth that we are in The Obama Depression and whatever Obama-Pelosi-Reed do only makes things worse.

  18. Chuck Says:

    March 3rd, 2009 at 11:30 am
    Clownboy, since 1912, other then Hoover-Roosevelt’s Great Depression, every economic downturn has lasted between 12 and 24 months. NEVER longer. >>

    Depends on how you define things, I suppose. I seem to recall that the stock market didn’t hit the same high again until something like 1954 after the big crash of 1929.

    And while the overall market numbers are down, they are not nearly so bad if you look at them sector by sector. The devil is in the details…

    There is as much money to be made in bear markets as in bull markets, if people know how. I’m guessing that there are quite a few people selling short right now and cashing in, probably quite a few naked selling short for that matter.

    Having explained P/Es, I’m sure that Mr. Roosh will be happy to elaborate for those unfamiliar with the term. The market has such quaint phrases; I think my favorite is dead cat bounce…. but there are so many.

  19. There is as much money to be made in bear markets as in bull markets, if people know how.

    That is a vast oversimplification. It’s like saying you can make as much money when wealth is being destroyed as you can when it is being created.
    The Great Depression broke more millionaires than it made, and it would have regardless of how well versed people were on selling short.

  20. Yeah, Terry’s right. When the market’s good, the investor’s like the house in Vegas. You win some, you lose some. But you win more than you lose. Bear market? It becomes a lot harder to make money. Short-selling? You have to be even more pessimistic than the next guy. And be right.

  21. But God (or Obama) help you if you are 60+ looking down the throat of this economic quagmire. I’m willing to bet that Clownie is like me, with a ten to fifteen year window to recoup. It’s easy to be confident when you have that cushion, isn’t it?

  22. I’ve got a ten-fifteen year window, Kermit. I’ll turn 50 next winter. I’m not really worried, though. I have about as secure a job as you can get outside of the gov’t, and I make good money, though I don’t quite hit the limit for paying into SS and I doubt that I ever will.
    Also I already live in Hawaii 🙂

  23. And now Obama’s giving you volcano monitors, so you don’t have to worry about waking up to a yard full of hot magma.

  24. AC correctly offered:

    Short-selling? You have to be even more pessimistic than the next guy. And be right.

    …and for those that don’t already know this, your potential loss when you buy a stock or “go long” is limited to your amount invested. When you sell stocks “short” and aren’t “long” in the same stock, your potential loss is infinite if you get it wrong and the stock takes off.

  25. Sort of. You can have the same risk when you go long too, if you’re investing in futures or buying on margin. But yeah, if you simply buy a stock, you can’t lose more than your entire investment.

  26. “And now Obama’s giving you…”

    …what Obama will first take from others.

    Assclown needs the nanny government to take care of him and tell him what he can and can’t do. Pathetic.

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