The Obama Economy

[Ron61]

Originally Posted by 95CobraR

I do want him to fail and to fail badly.

I see it as the only way to convince this country's citizens that socialism does not work. We need to return to free-market entrepreneurial capitalism with no government interference , but it will not happen until Obama resigns in disgrace.

I don't like him, wouldn't help him across a street, but if everything fails, and it certainly looks as if he is going out of his way to insure that it will, we will be without a country. If we wait until he resigns, there won't be anything left anyway. I saw on some TV show they were talking to a bunch of people who voted for him and asked them about his stimulus package.Not a single one of those people even knew what a stimulus package was or that he was supposed to have one. Three said they voted for him because he was black but had no idea of what he was doing as they quit following him after the election. As CDC says, "We are so Screwed."

Ron

[95CobraR]

Originally Posted by Ron61

I....we will be without a country. If we wait until he resigns, there won't be anything left anyway.

I remain optimistic. This country has survived when all odds were against us (heck, we almost lost WW2). I think this will just be a bump in the road.

Obama's rich and celebrity supporters may loss faith once that they realize that their wealth will be taken from them.

Mr. Obama made clear in the campaign his intention to raise taxes on this income class by letting the Bush tax cuts expire. What is becoming clearer as his presidency unfolds is that something deeper is underway here than merely using higher taxes to fund his policy goals in health, education and energy.

The "top 1%" isn't just going to pay for these policies. Many of them would assent to that. The rancorous language used to describe these taxpayers makes it clear that as a matter of public policy they will be made to "pay for" the fact of their wealth -- no matter how many of them worked honestly and honorably to produce it. No Democratic president in 60 years has been this explicit.

http://online.wsj.com/article/SB123681860305802821.html

I believe he will lose the support of the poor uneducated people when they remain desolate and without work for months and months. Perhaps they will learn that businesses provide jobs for them. They may find that business can't provide jobs when their rewards are taken from them.

He never had the support of businessmen.

[392cobra]

The Texas Rangers & Texas National Guard are fixing to start target practice at the Rio Grande any day now.
Maybe she would like to try and give a Ranger some advise ??

[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
_____

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.

[427 S/O]

FOX....

President Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy....

49 economists polled by the Wall Street Journal are dissatisfied with the administration's economic policies........

He's simply the wrong man,at the wrong time....

[Fred Douglass]

....when, as Margaret Thatcher said: "...the socialists run out of other people's money"!!!!!!