The Obama Economy

[Ron61]

I wish they would go to Washington when congress is in session and get rid of that whole nest of thieves and liars.
I saw on the news yesterday where some company there was doing a booming business installing bullet proof glass and armor on cars along the border due to the Mexican Drug cartel and their fighting in border towns. They even caught 3 of them out here during our fires last Summer as they were burned trying to protect their big marijuana crops. All were members of the Mexican Drug cartel and of course were treated as all criminals here are. Free medical care for their burns, legal representation free to make sure they got to go home. They should have shot them when they staggered out of the brush.

Ron

[cobra de capell]

Yesterday, President Obama stated, "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 was likely speaking to the "P/E" ratio which is used to measure companies against each other. But P/E ratio does not stand for "Profits" and "Earnings". It stands for "Price/Earnings". This is the measure by which a stock price is compared to the earnings per share of that same firm.

Hence, a firm that has a stock price of $5/share, and earns $.50/share has a P/E ratio of 10 (5/.50). Alternatively, a firm that trades at $40, and has profits of $2/share has a P/E of 20. The lower the P/E ratio the more attractive is the stock price.

Obama's gaffe is laughable if it weren't so frightening. It's indicative of his ability to pontificate on a subject in which he has little or no background or understanding.

This is the most underrated story of the week. Bush would have been laughed out of town with such a remark.

This is just a nightmare...

[cobra de capell]

Obama Fiddles While Wall Street Burns
by Jed Babbin

03/09/2009

In part....

Barack Obama has been president for only seven weeks. The sub-prime mortgage crisis had been building for years before his inauguration. George Bush began the nationalization of our banking sector with the failed “TARP” plan. Congressional overspending has been a continuous problem since before World War 2. So how soon can we reasonably begin to hold Obama responsible for the accelerating economic decline?

The answer is that we have to hold Obama accountable now in proportion to his action and inaction. His actions -- the spending spree in the trillion-dollar so-called “stimulus package” and his proposed $3.5 trillion budget -- have further stalled the recovery by intervening too deeply and spending trillions of dollars we don’t have. His inaction on the promised financial market recovery plan fuels Wall Street’s panic.

Obama has proposed a budget of over $3.5 trillion accompanied by tax increases -- such as the anti-global warming “cap and trade” emissions tax that will raise energy prices -- resulting in an increase in the federal deficit to almost $2 trillion.

In a March 8 New York Times interview, Obama said this was a fiscally responsible plan. Unfortunately for our economy, the real world doesn’t agree.

Snip....http://www.humanevents.com/article.php?id=30984
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The weird thing is Nero spent money like crazy and had these HUGE projects for Rome that were a monument to him. He pretty much bankrupted Rome. Sounds like the stimulus bills.

He is either very ignorant and oblivious OR he is doing it on purpose. Considering the speed and efficiency he has taken to destroying this country after his swearing in, I’m beginning to really believe it’s the latter.