Friday, March 6, 2009

DOW Dives Again, Or Should I Say Still

I was reading this story this morning from the Times online. The story speaks of how Obama is going to change the face of US politics forever. How he intends to "crush conservatism, end the age of anti-tax, anti-regulation policies that have been the guiding philosophies of US governance for a generation, and usher in a fresh “epoch”, as his aides call it, of New Deal-Great Society wealth redistribution and central intervention that were repudiated by Ronald Reagan 30 years ago".

Then I said to myself, self, how did the DOW end up yesterday? So I took a stroll over to Foxnews.com and low and behold the DOW fell another 281 points yesterday. When Obama took office the DOW was at 8281. On inauguration day the DOW fell 332 points. After yesterdays near 300 point fall we settled at 6,594.44.

We also just received the unemployment numbers for February. Another 650,000 jobs were lost bringing the unemployment rate to 8.1%.

When is Obama going to wake up and realize threatening to raise taxes on families making over $250,000/year is not helping this economy grow. We had 8 years of economic prosperity under Bush but he was an idiot. We achieved the highest DOW average in history under that idiot Bush.

I bet in a few more months you people that actually earn a living and support your family with the monies you earn are going to be longing for the days of Bush the idiot.

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