Which means, of course, they are fleeing anything which might wind up on Obama’s tax increase chopping block:
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 May 7, 1997, while the Standard & Poor’s 500 index logged its lowest finish since April 11, 1997. It’s as if the decade’s dot-com surge, collapse and subsequent recovery never occurred.
The Dow is just over 100 points from 7,000. Both indexes have lost about half their value since hitting record highs in October 2007.
“People left and right are throwing in the towel,” said Keith Springer, president of Capital Financial Advisory Services.
Here’s a thought, liberals: Justice.
Its a nifty word, which you might want to familiarize yourselves with, as it is key to the success of any democratically governed republic. You have to be just – as the kooks you support shout, “no justice, no peace”…but they don’t understand what it really means. But, indeed, “no justice, no peace”…and, of course, “no justice, no economic recovery”.
It is unjust to single out a part of your population as either the cause of your problems, or whom you must hit hard to make your life better. We are all people, and all of us are Fallen, and all of us bear our aliquot portion of blame for what has gone wrong and, of course, have our personal responsibility to see that things improve. To say that “The Rich” benefited under Bush and must now pay under Obama merely means that you are going to unjustly blame some people for things you had a hand in screwing up.
We need to do things – we need to defend ourselves, maintain and improve our common property, succor the poor and helpless…lots of things need to be done. But to go on a boondoggle of new spending which is entirely designed to pay off political supporters of Obama and his Democrats and demand an allegedly wicked “The Rich” foot the bill is unjust – and, as you can see from our collapsing stock market, counter-productive. You think you know what the deficit will be for fiscal year 2009? You haven’t a clue, because as the stock market loses value, incomes around the economy drops and thus down goes taxable income…you liberals are massively increasing spending and cutting income off right at the knees at the very moment you need to maximize it.
“Stupid” doesn’t even begin to describe this course of action you’ve chosen.
You need to pony up, liberals – stop thinking of yourselves as superior beings who bear no share of what went wrong. You were there, too – you can ignore it all you want, but your Frank and Dodd and Biden and Obama were all there, right at the top of the heap, helping to make the decisions which screwed the economic pooch in the United States. We have to change – and real change, not the fake change your man Obama is engineering.
We need to retrench – cut spending down to the most life and death vital things and cut taxes and regulations on business development which hinder the creation of new wealth. We’ve lost probably trillions in national wealth over the past year, and the only way we’re going to get out of it is to make it back, again. But this time, with wisdom – not with a phony baloney credit system built on air, but on our making, mining and growing things.
Or, you can put your faith in Obama and hope against hope that, some how, spending money we don’t have will make us rich. Your choice – and if you choose as I think you will, we conservatives will reap the electoral benefit in 2010 and 2012.
Blogs For Victory 