Barack Obama has a “sound” economic plan.
Barack Obama’s economic plan is all “sound”.
Barack Obama’s economic “plan” is, to borrow from Bill Shakespeare, “a tale Told by an idiot, full of sound and fury, signifying nothing.”
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Once again, today, Obama presented a “words, words, words” extravaganza which rivals the Academy Awards in hype – and the stock market dropped even further in value.
We have seen this before. When Obama or his team stink up the national discourse with their “plans” the markets plunge and the public grows distraught.
Why the markets plunge when the B.O. administration speaks is fairly easy to understand. If we employ the standard “Ship of State” analogy, the United States is a great ship with a great history in great shape. The “ship of state” however is currently in very choppy and dangerous waters with lots of wind and rain and towering high waves which threaten destruction. All the passengers on the great ship of state, whether in fabulous state rooms or in the deepest parts of the ship, are aware of the battering waves.
Passengers or crew on the great ship of state who look into the “bridge”, which commands the ship, get nausea. What we see when we peer into the “bridge” is a lot of men in lovely to look at uniforms. More disturbing, we see a captain, who was never even in charge of a row boat, strutting about, with a hat ever so jauntily perched atop his head, flapping his arms, perfecting his imitation of someone in charge, but completely lost as to what to do.
The captain of the ship of state, bedecked in gold trim and shiny objects straight from a Gilbert and Sullivan operetta, enjoys his host duties at the captains table too. To the captains table many are invited. Rich dinners are served and many fancy desserts are displayed and consumed along with the best wines and liquors.
Meanwhile, in the engine room, the only fully functioning part of the great ship of state, working diligently and employing all her experience to keep the great ship from sinking, is a blond lady.
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In the next few days we will continue with our analysis of the Obama Systemic Failure and Moral Hazard along with nationalization and other such issues.
Today we witnessed the first step in Obama’s Social Security Treachery which he himself outlined long ago:
The Stock Market reacted to Obama’s Circus Big Top today:
Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sight dumped stocks again Monday. The Dow Jones industrial average tumbled 251 points to its lowest close since Oct. 28, 1997, while the Standard & Poor’s 500 index logged its lowest finish since April 11, 1997.
All the major indexes slid more than 3 percent. The Dow is just over 100 points from 7,000.
“People left and right are throwing in the towel,” said Keith Springer, president of Capital Financial Advisory Services. [snip]
“The biggest thing I see here is the incredible pessimism,” Springer said. “The government is doing a lousy job of alleviating fears.”
If Obama thought he would remove Hillary Clinton from politics he was wrong. Hillary is busy saving the world, Bill is busy too, shoring up allies:
Bill Clinton will host a March 11th fundraiser in Manhattan for his wife’s successor Kirsten Gillibrand — the first indication that the Clintons are explicitly supporting the rookie senator, according to an E-mail sent to Gillibrand donors.
The invite — with location TBD here
Tomorrow, Obama will bamboozle yet again. After wasting almost a trillion dollars on an uncoordinated “stimulus” scam designed more with the 2010 elections in mind that the economy, Obama says he will cut the deficit in half at some future date.
Obama will try to razzle dazzle with bread and circuses but the stink will continue to rise:
“The budget news is very bad in the short, and the long run,” said Alice Rivlin, Bill Clinton’s budget director.
Obama’s team has settled on a three-part plan to deliver the bad news to America, aides and experts say. First, they will begin the week with a “fiscal summit” Monday designed to stress that the president cares about the deficit and plans to reduce it, by raising taxes on the wealthy, drawing down in Iraq and reining in Medicare and other entitlement costs.
Second, the president will explain the widening gap in an address to Congress Tuesday in positive, hopeful terms. He’ll say a brief bulge in government spending is needed to stimulate the economy, and to reform health care, education, and energy policy – key campaign promises that he’ll flesh out as he releases his first budget outline on Thursday.
And third, the current White House will take advantage of a ripe but waning opportunity: to blame it all on President George W. Bush.
Obama will bore the nation tomorrow with more words, but the reality will come in April when we see the actual numbers.
The only sweet sounds Obama could emit that would make the markets and the world rejoice is that Hillary will continue to Save the World and Bill Clinton will run the economy and all domestic programs.
Obama could, if he so wished, continue to be the buffo captain in an operetta no one is watching except the Hopium addled, transfixed in their seats, hearing celestial choirs.
Get out of the way – that would be Barack Obama’s Soundest Economic Plan.