Wednesday, March 04, 2009
Pbama Destroying Wealth
Then Pbama, along with a Marxist Majority Congress, pushed through trillions and trillions of dollars in
From Media Bistro:
NBC's Tom Costello, on duty at the White House today, asked press secretary Robert Gibbs about some comments made by his CNBC colleague Jim Cramer. On the Today show this morning, Cramer called Pres. Obama's budget a "radical agenda," adding, "This is the greatest wealth destruction I've seen by a President."
The Dems wanted to confiscate 401(k) plans, but the nagging detail was how would they do this? Well, their answer was to slash the value of your 401(k) to nothing by disemboweling Wall Street and the Pbama Tax Cheats are well on their way of doing just that.
Pbama called the Dow Jones Industrial Average a "tracking poll". NY Slime:
Mr. Obama said. “And, you know, the stock market is sort of like a tracking poll in politics.”
With lax regulation and major risks undertaken by banks, Mr. Obama said it was “not surprising that the market is hurting as a consequence.” He said the decline on Wall Street was a “natural reaction” given the bad assets that have soured banks.
AND THAT TRACKING POLL INDICATES AND HAS FAILURE WRITTEN ALL OVER IT! THE FAILURE OF PBAMA! Actually, it is no failure. This is the intent of Pbama and his Marxist Tax Cheaters. Gut the market and by doing so, increase massive individual and corporate dependence on The New Pbama Marxist Government.
The Dow is at its lowest since 1997. And Pbama is running out of people to blame. WSJ:
As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.
...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.
We know the following to be true: The stock market tanks and continues tanking whenever Pbama opens his mouth, or when his Treasury Secretary Timmy Tax Cheat Geithner speaks, or when Fed Chairman Ben Bernanke opens his pie hole. All of these things are orchestrated by Pbama. His goal is to gut the stock market.
I predict a DJIA of 2,000 by the start of summer.
Welcome to Pbamanomics and Marxism. The state of the economy and the tanking of Wall Street and the Global Markets are fully, totally, wholly and completely owned by Pbama and his Corrupt Marxists.
My spammer word was: obardma. NO SHIT.
The djia has dropped close to 3,000 in the 40-some days since the magic Negro stole the White House.
The official start of summer is...ayyyyyyy....like June 21? We'll be at 2,000 or less by then because I'm hoping and changing for Pbama Failure.
Spam word obardma? I beleive ya. Wow. That's the conspiracy to indoctrinate us into his name by those big bad evil high-salaried googler execustives. We ought to all be a-scared! They are recording our key strokes.
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