hello america! every action causes a reaction. you should learned this in your early childhood. &, in some instances, no action causes reaction. then, you have too much action causing no reaction. today, all three of them apply to our economic problems, our government &, the american people. let me do it this way:::::::::
obamas spreading his gloom & doom tactics-----stock markets tank
congress passes 757 billion dollars bill-----stockmarket tanks
obama signs bill into law-----stockmarket tanks
obama expands the federal government-----stock markets tank
obama lays out his 410 billion dollar budget plan-----stock markets tank
geithner holds shaky press conference-----stock markets tank
whitehouse says no to nationalizing banks, etc-----stock markets soar
whitehouse says yes to owning about 80% of aig-----stock markets tanks
whitehouse says yes to owning about 38% of citigroup/bank-----stock markets tank
china expected to come up with 58 billion dollars-----stock markets rises
china doesn't come up with 58 billion dollars-----stock markets tank
obama reveals plan to bailout homeowners-----stock markets tank
gm announces bankruptcy near-----stock markets tank
obama says buy stock-----stock markets rise
geithner can't get anybody to be his number 2-----stock markets tank
job-less figures come out-----stock markets tank
housing market figures come out-----stock markets tank
by now you should have gotten the point. no matter how you may look at this, our economy is wrapped around the stock markets &, regardless of the reasons, they do not respond favorably to obama & his spending &, IT IS NOT ALL HIS FAULT.
we've been bailing out aig since sept of 08 & they are now in worse shape. we've been bailing out gm & they are in worse shape. we've been bailing out citigroup/bank & they are in worse shape. & there are countless others that have recieved federal dollars that are about to fold up. we've been helping am-track for some time & they still can't turn a profit & yet, we continue to give them our money. WHY? in the case of aig, they can't even sell off the 'good' parts of their business &, come this september, they may not be there any longer---same for gm & citigroup.
obama preached about weeding out the programs that don't work. the bailouts before obamas time are not his fault but, he damn sure knows they didn't work. he damn sure knows his bailouts aren't working either. at what point does this 'man for the people' say he's done all he can for them &, continuing to bail them out is now over? doesn't he care that we've bailed out others & they are now gone?
as long as we have federal dollars being spent on these bailouts, the stock markets will not surge upwards but, the day we stop the bailouts---& yes, it's sad that a lot of american lives will be negatively affected but america will survive---the economy will start to turn around.
another thing affecting the stock markets is the tax increase on the wealthy & businesses. obama, they are the ones that buy 2, 3, 4000 shares at a time & now, they are just sitting on their money &, who can blame them when you hear all the bad news from the whitehouse? &, if that wasn't bad enough, they release a statement saying the fdic may be broke by the end of the year. so, what do they do, they raise the fees they charge banks & assess an emergency fee on them. the banks will pay it by raising your cost of doing business with them.
for all of you that voted for librilism---i can only say the rest of us don't deserve this.
