Who’s Economy is it?
How many times have we heard some Obama-ite chanting, “well, we inherited this economic mess from Bush; It’s Bush’s fault; Bush caused this; Bush, Bush, Bush”. I get the feeling that they just like being able to say, “Bush” in public without blushing. Never mind the fact that only a weak pansy of a leader would try such a childish blame game. True statesmen would never utter such words. Did Bush blame the pervert Bill Clinton for the collapse of the Dot.com industry, which he inherited? No. Because for all his shortcomings, Bush was a statesmen. He just went on and did what he could to rebuild the economy. And he did.
All this ranting and raving from the Obama-ites makes one wonder, is it true? Did he actually inherit this mess? Generally speaking, you can count on anything Obama says to be a lie. So, when he comes out with such furfor in a statement, it bears scrutiny. So, let’s find out.
The graph above illustrates the Dow Jones Industrial Average from 2004 to July 2009. We could have used the NASDAQ or S&P 500 as well. They all pretty much show the same thing. They represent the state of the economy in the United States. It’s an old adage, “as goes the economy – so goes the Dow”. Most economists would agree.
The graph is fairly self explanatory. From the time Bush took office until Obama was nominated, the economy was growing. Shortly after Obama was officially nominated, it tanked. So the question is, “Why?”.
Was it the fact that the Barney Frank and Chris Dodd had been lying about the stability of Fannie May and Freddie Mac? Probably.
Or was it really that this man [Obama] along with every news agency (except the lone wolf – FOX), almost every newspaper, every Hollywood Freak, every union leader and every single Democrat or Liberal Freak on the planet wanted this man to win. To make sure he would win, they chanted “the sky is falling, the sky is falling – only Obama can save us… DAMN Bush!!!” It didn’t matter if Obama was qualified. Didn’t matter that he had less experience than the VP pick of the Republicans. Didn’t matter that he had only been a senator for 6 months. He had to win.
Every one of them repeated this – every single day. 24 hours a day. Non-stop. A couple hundred voices (and that is really all there was) with megaphones on our streets and obliterating the air waves and print media. And you can still hear them chanting today. Beating the same drum, “O – Ba – Ma; O – Ba – Ma”. Like frigin zombies. Anyone – who dare opposes them – is a “RACIST”.
The crash of our economy was a self fulfilling prophesy. When a million people run into the NYSE and shout, “Sell, Sell, Sell” – because they know that the most Liberal Freak on the planet has a real chance of becoming President, stocks tumble. It didn’t take a genius to see that if he became president he would push through every liberal bill that has ever been proposed. Most people knew this. So, they panicked. Stocks Fell. Each loss leads to another. It spirals out of control and soon companies start to cut back, then lay off. And eventually – Close the doors.
So, just who is responsible for this economy? The answer is “O – Ba – Ma”
Unfortunately, for Americans, you really nailed Obama. I wish with all my heart that I live long enough to see this Country proud and prosperous again.
My opinion about the stimulas is that it’s pay back, as promised, to all the corrupt corportations including media CEOs, who made campaign contributions (the list asked for, but not yet made public) which got him elected. I would have let all these poorly ran Corp’s fold. We have enough banks and auto companys. It would have been cheeper to pay all the poor saps that lost thier savings(federally insured), and homes(they couldn’t afford in the first place), than to keep these Scavenger Corporations that just got too greedy. We would even have enough money left to file criminal charges against the greedy A..holes and let them rot in jail.
I can’t believe we bailed out criminals and vultures, but it’s just my opinion.
Cathi P
Economics gives us the ability to predict. Businesses anticipate higher taxes, higher minimum wages, higher health care costs. No one wants to hire. Public companies expect more regulation, but they don’t know what it will be. Indeed, the Congressmen who pass the regulations haven’t even read them!
Under such conditions of uncertainty and dismal expectations – mostly created by Obama – businesses are hoarding resources.
It doesn’t help that the Fed is still mismanaging the money supply, and Obama is still bailing out financial fat cats with middle class tax money.
Nice post.
Given all that we have seen from the current administration, it is no surprise to know that they are eyeing our retirement plans, drooling over the billions of dollars we have labored to save. If they can tax that, they will have another windfall to pocket personally or distribute to their special interests. The fall of Rome, the fall of Great Britian and now…the fall of the great US of A. We continue to stand by and do nothing to remove these crooks en mass.