[jeskibuff]

Let's see here. We elected someone to the highest office in the land and that someone has had absolutely no accomplishments in his history of politics. Aside, of course from getting himself elected in what has long been reputed to be the Most Politically Corrupt City In The Nation: Chicago! And now we suddenly expect him to accomplish something?? What's the next rung up the ladder after being elected to the highest office in the most powerful nation in the world? This one-trick pony has risen to the top, and there's no other higher office to get elected to! What's Obummer to do???? He no longer even gets to vote "present"!

Even before he took office, he had a disastrous effect on the economy. Immediately following his election, the stock market took the biggest 2-day slide in history. That should have been an obvious omen, but the media tried everything to excuse it away. The week prior to the inaugural was a steady decline of about 800 points. That was people selling off their stock while the getting was good. They knew what was coming on January 20th, but STILL the market experienced THE WORST INAUGURAL DAY performance EVER! Were these just coincidences as the media would have us believe? If so, why were they so EASY to predict??

Here are just a couple of my predictions:
After 8 long years..... - Conservative Underground
November 4th, 11:21pm - Post #19:

Any predictions for the stock market?

I see no reason it won't take a nosedive starting tomorrow. Obama's no friend to business, so why not sell your stake before it becomes totally worthless?

January 4th, 7:52pm:
Liberal media explains stock market fluctuations - Conservative Underground

As expected, the Dow has gone through normal fluctuations through November and December. When it plunges, they scramble to blame some factor, perhaps the Detroit bailout struggles. When the market takes a jump, the reason is "obvious": Obama did something that caused the improvement, such as selecting his economic team. All other factors don't really matter, do they?

So, the first 2 days of 2009 has seen a rally. All you hear from the liberal media is that "it's a new year and people are getting excited about the new President". There's that "hope" thing again.

Now I hear them talking about a rally when Obama takes office. Is this wishful thinking or WHAT??? I see no reason for the market to go up, but tons of reason to say it'll take another plunge. Higher taxes, costlier energy and a resurrected Jimmy Carter will not do our economy a favor. It'll be curious to see what happens in another 16 days, and somewhat funny to watch the looks on their faces as they scramble to explain away the obvious again.

If you were on this site years ago when one JWelch111 posted her liberal drivel, you would remember how she talked about how George Bush trashed Clinton's "wonderful" economy. Clinton's economy was already in a free-fall from the dot com collapse when GWB took office, but JWelch111 insisted that GWB "talked down" the economy. This was actually Clinton's own explanation for what was happening. So, in all the "brilliance" that Democrats are known for, wouldn't you think that Obummer (now being the supreme Democrat and all) would know better than to "talk down" the economy? But he HAS to lower expectations, because he knows very well that he hasn't a clue on how to fix things. The other day he already alluded to the possibility that he'll be a one-term President if he can't get the job done (and he won't be able to).

Our whole current financial mess was brought upon us by Democrats. Barney Frank, Chris Dodd, Maxine Waters and many other Democratic dimwits were pushing Fannie Mae and Freddie Mac head first into bad business practices. At the very top of the housing "food chain", FNMA and FDMC would push their same flawed philosophy onto banks who would actually write the loans. Their bad business practices fell apart, yielding the situation we're in right now. Just look at this video to see how Republicans were trying to prevent this disaster way back in 2004, but the Democrats ended up getting their way:
YouTube - Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

Those who desire to blame Bush for the crisis because it occurred "on his watch" merely want to ignore the obvious. First, Bush was not a dictator: Democrats still had power to affect policy and oversee GSEs like FNMA and FDMC. If you remember, 2006 was a big year for Democrats in the election and things have gone downhill FAST since then. But look back to 2002...after the double whammy of Enron and 9/11, the economy improved steadily with Bush saying "stay the course" regarding tax cuts while Democrats cried that he was guiding the country to financial ruin. Well, those tax cuts WORKED. Instead of getting worse, our economy got BETTER. Democrats cried the same way over the Iraq surge. Obummer still won't admit that the surge worked! The point being...Democrats are usually WAY wrong with their predictions.

Obummer initiates the shutdown of the Guantanamo facility. Good for him, keeping a campaign promise, even though it was a stupid one. I watched Brian Williams discussing the action with David Gregory. "What will happen to the terrorists housed there?" they wondered. They gave examples of terrorists who had already left Gitmo and went back to killing Americans as they are wont to do. Why can't liberals THINK before they ACT???

Now with Obummer in the White House, it's like we're back in the Clinton era. There's a scandal every day. So far, he's appointed several tax cheats and con artists to high positions. Richardson, Daschle and a few others reeked so bad they had to go, but Geithner is still there, isn't he? To Obummer's defense, it must be tough finding Democrats whose corruption is easy to sweep under the carpet. Again, the "brilliant" Brian Williams praised Obummer for admitting that he "screwed up", but if Obummer was REALLY sorry for nominating sleazebags, why didn't he get rid of people like Geithner who already got confirmed?

The "stimulus" bill that the Democrats are trying to shove down our throats is laden with all sorts of pork. Obviously, they only intend to stimulate the economy in areas that they and their friends (ACORN, etc) would benefit in. For instance, why waste millions on a polar ice breaker when AlGoracle has all the Democrats believing that there will be no polar ice in the not-too-distant future?? All of us taxpayers will be stuck with the bill from typical tax-and-spend Democratic behavior. To pay for it, Obummer and Pelosi will be anxious to raise taxes. That will make it difficult for businesses to compete, so they'll pack up and move elsewhere, taking American jobs with them. If the bill passes with all this pork, I confidently will predict another huge stock market decline.

So, add it all up. You have a President who has no record of accomplishing anything. His "positive" role models in his life have all been communists, socialists, America-haters or terrorists. People who invest in the stock market don't see any positive future for their investments, so they're yanking their money out to safer havens. The stimulus bill has hardly anything in it that is of substance. The prospect of higher taxes and high unemployment is guaranteed when we have tax-and-spend liberals running the country. Companies like DHL and Circuit City consider it easier to pull the plug than try to compete in a socialist environment in which competition is not profitable. People like Geithner, Dodd and Frank are at the top of Obummer's adviser list and they all played an integral part of precipitating the financial mess that we're in now. Obummer neither has the experience nor the stomach to do the right thing. The other day the pressure was too much for him to bear, so he and Michelle had to escape to a school and entertain children!

There is nothing left but "hope" with Obummer. Perhaps you still "hope" he does the right thing, but so far he's adding up to be the colossal failure that many of us predicted he would be. You can keep hoping and things WILL change, but I don't think you're going to like the outcome, unless you like unemployment. If you voted for Obummer/Biden...congratulations: YOU WON! But in the long run WE ALL LOST, including YOU!