Obamites, you must want Obama to continue to destroy the DOW and end capitalism: Why do you want Leninism?
Obama intentionally attempting to bring the stock market to its knees. He is a perpetual doom and gloom downer: "The free market has failed," which is what he really wants. Consider that, in the teeth of a devastating recession, Obama has: • Raised taxes on small businesses, the engines of entrepreneurship and job growth • Raised the capital gains tax • Lied about "tax cuts for 95% of Americans", offering instead $13 a week, achieved not through tax cuts, but by changing the federal withholding tables! • Destroyed charitable giving by axing the tax breaks for 26% of all giving (or $81 billion in 2006) • Proposed a carbon cap-and-trading scheme designed to punish oil companies and further tax consumers Why would Obama inflict these destructive policies while the economy is collapsing? Simple. Each step strengthens the role of government in people's lives. • Squelching the stock market kills its attractiveness as a parking lot for private capital. Combined with an increase in the capital gains tax, investors will swarm to bonds -- tax-free vehicles like municipal bonds, which benefit the growth of state and local government. And unions, of course. • Carbon cap-and-tax will raise taxes on all Americans as the cost of goods and services will increase to address a non-existent threat. • True tax cuts would grow the economy, which is why, of course, Obama shuns them. The last major recession was Jimmy Carter's malaise. It consisted of of double-digit inflation and unemployment. It was finally licked by across-the-board tax cuts for everyone (even the despised rich), which touched off a twenty-plus year run of prosperity. • Charities reduce the role of government assistance for those in need. That, in Obama's world, can not be tolerated. That is why charities must be choked off and allowed to die. Especially faith-based institutions. Obama's destruction of the economy is intentional. It is based on a failed ideology that has never -- and can never -- succeed. And I'm not the only one who thinks so. Jim Cramer is a long-time investor who's been around the block a few times. He thinks the Obama agenda is crystal clear, stating "...their agenda is destroying the life savings of millions of Americans... we've elected a Leninist."
Public Comments
- and I might add that Jim Cramer is a democrat!
- No, they want an Obamanation. Sadly, they're getting it.
- I'm in complete agreement with you, Obama is intentionally destroying the economy because it is the only way he can instill socialism. Everything he is doing is making the economy worse and he knows it and we see it. I pray to God he fails.
- You tell 'em! I completely agree with you ;)
- For the LAST time there not Obamites their Obamabots. You shoudve got the memo. 3 trillion dollars and counting.............. Derek....Yeah the guy below me, I have the antidote for our current economic crisis.. 1) Dont bailout anyone,let the cards fall where they may 2) Reduce the APR and penaties for the people who reneged on their morgage payments,allow a 6 month amnesty for this to happen with their bankers. If people continue to reneg on their payments..YOUR OUT! There HAS to be accountability. 3) Tax cuts across the board for businesses 4) NO Earmarks(for anyone) 5)Increase unenployment insurance untill this economic slump ends Hows that for starters? Notice that it doesnt involve trillions of American taxpayer dollars.
- You seem to like to bash. Care to lay out a plan that you think works? I'm waiting.
- Is Jim Cramer the one that is always screaming or is he the one who thought Lehman was a good investment? I'm always confused. Yes, we liberals have our pom poms out and are cheering for the market to crash and the US to fail. Do you really believe that is the goal? "Obama's destruction of th economy is intentional." Turn off Cramer (I assume Fox news?) and start reading and making your own decisions. If you disagree then call your Congressman. Call your Senator. The White House now has a comments section and every email is read, and the good ones are actually given to the President each morning. He has a financial briefing every day as opposed to weekly or whatever the others did. He is NOT trying to cause the failure of our economy. If you have a great alternative then by all means, please share.
- Please stop listening to the far right idiots. Your ignorance is showing. Part of why the Dow dropped is that the far right fear mongers started a bunch of rumors (lies) that Obama was going to nationalize the banks. The Dow plunged when that came out. Try looking for actual facts to support any of your statements. I dare you to come up with reliable facts for your information and not some blowhard on the right. Don't blame Obama, after all of two months in office, for the crimes of negligence and idiocy of the Bush administration. I mean, just for example, change the tax tables IS changing the tax rates. Where do you think the tables come from? Please, use a little critical thinking when you hear stuff. You are embarrassing yourself. Bush did the things you want for eight years and now we are in the toilet. And you pathetic people want to blame Obama who hasn't even had time to do anything. You favor the guy who effectively created a dictatorship with all the weath going to those who were already rich, and got there on the backs of the poor? Most of your statements are flat out lies.
- Bush senior has a ugly wife
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