Yes, I realize my blogging has left a lot to be desired lately. There are several reasons for this: work, work, work, work, and… oh, yeah… work! Seems there’s a demand for economic analysis, and me… well… that’s me. So, needless to say, I’ve been busier than a one-legged hooker at the Democratic National Convention.
Nonetheless…
I’ve finished my graduate work with a 3.86 average. All that’s left is the comp exam I must take in June. I’m done. REJOICE!
But on to bigger and better things. Why is it that every time Teh Anointed One ™ opens his yap, the Dow tanks like a fat guy off the high dive? He goes on a whirlwind tour of Obama and the Economettes to promote what Michelle Malkin affectionately calls the Generational Theft Act, and the Dow tanks. He passes the budget, singing oh-so-sweetly about how he really ISN’T for big government, and the stock market takes a dive. And it continues to do so to its lowest levels in 12 years.
Maybe if Obama just stopped trying to be helpful and just shut the fuck up for a while, the stock market would recover before it hits single digits.
Here comes the econ. Larry Kudlow says it eloquently.
He is declaring war on investors,
entrepreneurs, small businesses, large corporations, and private-equity
and venture-capital funds.That
is the meaning of his anti-growth tax-hike proposals, which make
absolutely no sense at all — either for this recession or from the
standpoint of expanding our economy’s long-run potential to grow.Raising
the marginal tax rate on successful earners, capital, dividends, and
all the private funds is a function of Obama’s left-wing social vision,
and a repudiation of his economic-recovery statements. Ditto for his
sweeping government-planning-and-spending program, which will wind up
raising federal outlays as a share of GDP to at least 30 percent, if
not more, over the next 10 years.
Hmmmm…. So if the stock market hits single digits, will Teh One ™ suspend trading kind of like the Russians did?
Just wondering.
Mar 03, 2009 @ 01:22:13
Obama yaps…market craps.
Mar 03, 2009 @ 03:02:46
The way things are going in the U.S., we soon won’t need to worry about illegal immigrants: they won’t want to come here anymore!
Mar 03, 2009 @ 14:38:15
Calling John Galt…
Mar 06, 2009 @ 01:51:24
so “change” means citing the excess spending by g.w.b.(which conservatives opposed anyway) and concluding the only way to restore “confidence” is to spend more! obama puts amazing effort to ignore the most important fix for most of the advanced countries;ETHICAL BANKING REGULATIONS!leftist loonies act as though our crash is from gwb , iraq and entirely america’s fault,when in fact banks from japan to iceland dove into shit crazy lending. only canada’s banks are still stable (because of conservative regulations). he also started making moves against the north american trade that helped create a middle class and is the few things encouraging mexicans to stay in their own country .>have obomunists set foot in a department store to read country of origin tags ? can we find anything not made in china?a radical suggestion: start protecting our manufacturing jobs with ethical trade standards. at least our smaller companies could keep some work and farm out the surplus to nations that have some standards .india has democracy and animal rights ,for example .s.korea and taiwan also .i have noticed that consumer goods made in decent countries are of better quality and not as quick to become landfill .capital(with ethics)builds, socialism steals (since all nature isantethical to marxism).i had early hopes for obama ,since republicans failed by bailing out bankers , but i fear he might end up being our robert mugabe .
Mar 07, 2009 @ 06:49:19
Despite Bush’s best efforts to change it, Obama’s job title is “President”, not “Divine Solar God-King”. He can’t actually convert lead into gold, and even his best speech can’t cure several decades of dysfunctional economic policies instantly. Give him another week or two fnord.
Mar 09, 2009 @ 15:41:33
Really? One wouldn’t know it by the aura of divinity surrounding him, the coronation on Mt. Barackus, and the crying and screaming and writhing in adulation we’re seeing from his worshipers.
He has no one to blame now. Bush is gone. There have been no outside shocks to jar the economy. Commodity prices have been pretty low and exchange rates have been pretty stable, for the most part. There have been no new crises. And yet, every time Teh Anointed One ™ speaketh, stocks plummet. Now why is that?