You’d have to be under a rock to be unaware of yesterday’s painful day in the stock market. The Dow dropped by 634 points yesterday. That was a 5.55% drop, which dipped the market below the 11,000 mark.
Let me tell you what is happening to our stock market. These people who invest in stocks aren’t idiots. They’re putting their money – and their client’s money – at risk and they don’t like losing. So they study the investment picture very carefully, and that includes a thorough evaluation of the current political climate – and that, of course, includes scrutiny of Barack Obama. So the investment community has looked long and hard at Barack Obama – and they have come to the conclusion that he is in way, way over his head. Come on, folks! He wouldn’t even send Timothy Geithner – the man who just a few months ago said that there was “no chance” of a credit downgrade – packing?
Finally, yesterday afternoon, Dear Ruler decided that he would address the nation about our credit rating, amidst the market plunge. Oh goodie … this spectacularly incompetent president who led is into the first credit downgrade in history is going to talk to us now and tell us of all the wonderful things he has planned to improve our economy. America was on pins and needles waiting for Obama to speak to them and make everything better.
So … what did Ace have to say for himself? Pretty much nothing. Nada. There was not one single original thought, idea, proposal or suggestion in that speech that investors and the American business community had not heard before. So the investment community watched in wonder — marveled at his impressive incompetence — and the market went straight into the toilet as Obama reached for the flush lever.
Are you starting to see what we have here? I must believe that with every day that passes we have more Americans who realize what a colossal mistake we made by putting this unqualified and inept man into the White House.
So did our Dear Ruler come up with any new and innovative solutions to our debt crisis? Are you kidding me? This is Barack Obama we’re talking about, not some risk-taking entrepreneur of investor who has actually built a business, hired a private sector employee or ever filled a business tax return. We’re talking about the Barack Obama who lives, eats and breathes government every second of his existence. No … there was nothing new in his comments. Same old same old. And that includes his mindless repetition of his class warfare mantra about getting the rich to “pay their fair share.”
I almost choked on my peanuts when Obama talked about his “bipartisan fiscal commission that I set up” which “put forth good proposals.” Oh really? Your commission put forth good proposals? Well then, Dear Ruler, would you please share with the other boys and girls in the class just why it is you ignored the “good proposals” this commission “put forth,” as you say? And now you suddenly you bring this commission back in the spotlight as some sort of counter to the Standard and Poors credit downgrade?
Then Obama tells us that he “intend(s) to present my own recommendations over the coming weeks on how we should proceed.” Oh! So you’re going to do that now, are you? Where were you and your own recommendations when the Senate and House were trying to come up with something that would work. I know, you were busy reminding Paul Ryan that you won the election (I just love it when you pull that “I won” stuff, you stud) and banging your gums together about tax increases that you’re afraid to call tax increases so you call them “revenues” so the American people won’t hear you utter the poisonous “tax increase” words which seem to turn off productive Americans. There — put THAT on your teleprompter so that you can throw it against the wall and see if it sticks.
Read Obama’s remarks. Try to find one single mention in there of any idea that would grow the private sector of our economy. He talked about building more bridges and highways and stuff …and then there’s his payroll tax cut and extending unemployment benefits — but where are the plans to grow the economy? Were were Obama’s proposals to unleash the incredible power of American entrepreneurship to get our economy growing again? Oh .. almost forgot. Obama doesn’t plan to turn entrepreneurs loose to work in an arena of increased economic freedom — his only plan for the small businessman is to increase their taxes.
Then again, he is telling us that patent reform should really create a buncha new jobs. ARE YOU FREAKING KIDDING ME? Patent reform? Oh yeah! All of us know an inventor who has the next great idea but who is just sitting on it waiting to start his new business that will employ thousands — but he just won’t proceed until we have patent reform.
The Community Organizer also had this line that America always has and always will be a AAA country. Oh … I just love that line. Let me tell you why. It’s a story that’s a couple of years old from the Orlando, Florida area. A government school in Orlando received an “F” rating from the state, meaning that it failed to meet even the minimum standards. One more “F” and the students in that failed school were going to be eligible for vouchers from the state that they could use to further their education at a better school – even a private school. So after receiving an “F” for being complete, miserable failures at their jobs – educating students – what happened at this gem of a government school? When students arrived at school in the beginning of the next school year, the teachers were wearing t-shirts which read “’F’ is for FANTASTIC!” Up is down. Black is white. And a AA+ rating is really AAA!