Now I’ve heard everything. Barack Obama, President Barack Obama, our new leader with the long-held socialist vision and under whose watch we’ve seen the Dow Jones Industrial Average drop 17% in the roughly six weeks since he’s taken office (no “new administration bounce” here), has given in to what are his apparently long-held and deeply-rooted desires to become…an investment advisor.
You see, this past Tuesday, our good president decided to open his yap about U.S. equities, and I don’t know what is funnier: what he said, or the fact that he decided to say anything at all. Regardless, don’t be fooled. His pronouncement in favor of stocks was insincere, and was instead an attempt to weaken his look as a socialist in the eyes of those Americans who may not be sure (if there are any of those remaining).
Is it possible that one of our president’s strategies is to help talk us out of the depression (I’m not even calling it a recession anymore)? I might believe the sincerity of such an effort if it wasn’t coming from the person who just championed passage of what may be the single worst spending bill in our nation’s history, but such talk coming from the quintessential anti-capitalist just sounds ridiculous. For Obama to suggest that stocks are “starting to get to the point” where they’re “potentially a good deal” is like the arsonist touting the magnificent real estate opportunity he created by burning out the house down the street. It is the leftists, starting with Frank and Dodd and their efforts at social engineering, along with their enabler, Comrade Obama and his insidious spending bill, that have managed to crush the greatest example of capitalism on the planet; nevertheless, investing in stocks is good, comrade?
(By the way, in making his statement recommending stocks, did you hear Obama say that “profit and earning ratios” are looking good? Profit and earning ratios? Don’t you mean price-earning ratios, Mr. President? Had Obama’s predecessor made such a verbal faux pas, it would have received big play in the worlds of the mainstream media, blogosphere, and viral video. Not this time; our fearless leader can do no wrong.)
No less an Obama shill (at least historically) than CNBC’s Jim Cramer has been highly critical of the president of late, saying that “Obama has undeniably made things worse by creating an atmosphere of fear and panic rather than an atmosphere of calm and hope. He’s done it by pushing a huge amount of change at a very perilous moment, by seeing to demonize the entire banking system and by raising taxes for those making more than $250,000 at the exact tie when we need them to spend and build new businesses, and by revoking deductions or funds o charity and that help eliminate the excess supply of homes.”
Cramer, how stupid are you? He’s a socialist. He’s always been a socialist. What did you think he was going to do when handed the keys to the kingdom? What sort of “change” did you think he was bringing to us all?
The well-regarded Ed Yardini of Yardini Research recently said, “I am becoming increasingly convinced that the cabal in Washington has no intention of ending the financial crisis. Instead, they see tremendous opportunities to gain more power by prolonging it.”
Yardini is on to something here. I don’t believe that Obama’s recent effort at trying to play First Stock Broker has anything to do with a sincere attempt at declaring himself a good, old-fashioned capitalist. Instead, I think his socialist-collectivist efforts have become all too obvious (certainly to the financial markets), and he wants to try to confuse the average citizen by saying he’s a capitalist while actively seeking to ruin all of our capitalistic platforms. The good thing is that you don’t have to believe your ears…just your eyes; for all of the pro-stock talk we may start to hear from the administration, all you have to do is watch their actions – therein lies the truth.
Robert G. Yetman, Jr. Editor-At-Large www.ChristianMoney.com
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