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Obama's in Washington...Wall Street takes a "bow"


St. Patrick's day, March 17-- America's favorite traditional, non-official holiday.

And going back to March 17,1976, it was a St. Patrick's day to remember for all investors, when on that day the Dow Jones Industrial Average rose 13.78 to 1009.21, and actually closed ABOVE 1,000 for the first time.

Yes laddies, the green beer on Wall Street was flowing in abundance on that storied St. Patrick's day. It touched off a wild wave of optimism: Brokerage houses across America, whose staffs had been withered down unrelentingly in a grinding 3-year bear market, were now beginning to hire again.

Spring 1976 was indeed a time for optimism in America:

The Alaskan pipeline was well underway, and was creating a new frontier of jobs above the Arctic circle. In the lower 48, large industrial companies were gearing up for new production, as orders for capital goods came pouring in.

GM was only 3 months away from introducing its brand new, beautifully designed "B- Body" line of cars that auto pundits predicted would be a huge success . The classified ad pages were expanding. It seemed as though everyone at once was starting to hire.

College grads and Phd's--who were working as gas station attendants and waiters-- now were getting replies to their resumes, as jobs offers in their fields of study actually began appearing in their maiboxes.

For the U.S., it was good times ahead after a terrible, frightening 3-year recession, that had seemed like it would NEVER end.

But then in November, 1976 came the election of James Earl Carter; and like a plane with a unconscious pilot at the controls, America's economy began another downward spiral to yet another teeth-clenching, gut-wrenching recession.

On the day after New Years, January 2, 1980, the Dow Jones had closed at a pathetic 824.57. In early 1979, inflation had reached a startling 11.3%, and by March,1980, it had soared to 13.5%. And interest rates dealt the final coup de' gras to Carter's economy, rising from an abysmal 11% in 1979, to an agonizing, staggering 19% by Jan 1981.

It was the first time in history that all three indicators simultaneously had been in such distress, and a new term emerged to define the debacle --stagflation.

But although Carter's ineptness ruined the economy, let give him at least SOME credit-- he had done it passively (unintentionally). And he did possess SOME business management expertise, because our beloved 39th president actually had spent much of his life running the family peanut farm in Plains, Georgia.

But now, we are under the wonderful economic tutelage of Barack Obama, our know-it-all, supremely confident anti-president, who professes to have all the answers to revive our grievously wounded economy.

But unlike Jimmy Carter, Mr. Obama has never run anything in the private sector, not even a Koolaid stand as a child in Indonesia, or even so much as a paper route during his adolescence in Hawaii.

Attention Wall Street... look out below!

Yes, Mr. Barack H. Obama-- the Harvard-educated lawyer--he's got all the answers... all the spiffy retorts...and all the solutions. Got a foreign policy problem? Blame Bush. Got a problem with high deficits? It's not his fault-- that too started with the "Boosh" administration.

Yes, Barack's an expert at blaming everyone but himself. He's just so smart; so prestigious, and "too cool for school." Plus the leftist media will support the his infallibility "to the bitter end"-- and it may get here sooner (2012) rather than later (2016).

Just you wait there a-while, Mr. Obama.

Our radical leftist 44th president may be facing a little surprise ahead, and it's the one thing he hadn't figured into his Machiavellian plan for ensnaring our fragile economy within his mega-government web of Socialism.

Mr. Obama can seize the auto industry, ransack the banking industry, tax the energy industry to oblivion, control the health care industry, plus whatever else the congress is willing to cede to this insatiable fascist.

But the one thing that our anti-president didn't figure on, is something immune to his politics, immune to his personality, immune to the slanted liberal media--even immune to congressional legislation:

The one economic indicator that cannot be fudged, manipulated. spinned (spun), or misinterpreted, can be found on Wall Street -the NYSE--the "home" of the Dow Jones Industrial Average.

(music)"Oh give me a home... where Obama can't roam..."

Right now Wall Street "experts" (propagandists) claim the Dow is on a roll--recently closing above 8000-- up over a thousand points from just a few weeks ago.

But in the parlance of the insiders (who really influence market direction), it's nothing more than a "sucker rally"-- the result of tens of thousands of solicitations by individual brokers trying to earn a living, "jaw-boning" hapless small investors to..."Hurry up, now is the time to get in before the next big move up."

The next big move up? Somewhere out there Gordon Gekko must be smiling.

But is now the time for greed on Wall Street---or fear?

With all those stellar economic events lurking on the horizon, the real insiders (the "smart money") knows that the market has nowhere to go but down--way down--possibly to 4900 in the next 18 months.

And no wonder. Wall Street and the market ALWAYS looks out ahead 18-24 months; that's why the insiders make the money that small investors unwittingly yield to them, as they buy high in unrealistic optimism, and sell low in panic.

It's always been that way on Wall Street...except for now.

As we look out ahead for the next year or two, it may be a long time coming before ANYONE (either a smart-money insider, or average Joe investor) ever sees these levels in the market for another 20--30 years.

But why?

The American economy has never before experienced what's on the horizon-- the intentional destruction of our free markets-- courtesy of our know-it-all (except for Wall Street) anti-president, Barack Obama.

Let's take a quick economic inventory of what's in store for Wall Street (and Main Street) in the next 2 years:

-higher income taxes--less disposable income for consumer spending
-higher business taxes for both small and large companies
-more government regulations for both large and small companies
-higher energy costs
-dollar inflation from rampant deficit spending
-cap 'n trade carbon taxes on energy
-card check (forced unionism) which will drive up business costs for everyone
-high unemployment--the result of clean air regulations on heavy industry
-higher energy costs for electricity- i.e. clean air penalties for coal-generated power
--higher corporate taxes for American companies doing business overseas
--more IRS audits driving U.S. capital offshore-- less domestic business investment

The Obama administration (regime) has a 5-year plan--it's all been figured out. Tax all fossil fuel energy. De-industrialize the Midwest and the South, where they burn coal. Force the auto industry to make cars nobody will buy. Force the banks to accept unnecessary bail-out capital, and then decide to whom they may lend it.

So expect a rapid transformation for private business from the free market to a government-planned economy, where you'll still own it-- but Big Brother now runs it!

And how do you think Wall Street will react to this? The same way it did from 1933 to 1945-- the last time a socialist president assumed total control, where the government can introduce itself any time, anywhere, into the private decision-making apparati, and levy restrictions on what private enterprises will be able to do within their own boardrooms.

EXAMPLE: Recently King Obama "summoned" all the credit card companies to Washington to tell them..."you can no longer 'overcharge' your customers." So just where in the Constitution is the president allocated the power for that? And where was the outcry from the private sector against it?

Now an emboldened Obama will soon be telling banks what interest rate they can charge, what private companies can produce, what type of workers (union) they can hire, how much they can produce--and at what price.

Is this a free market...or economic fascism?

So the Dow-Jones to 4900? Why not, as Obama's economic fascism takes hold and begins to strangle everyone's bottom line.

What effect will it have on the heavy industrial companies and energy companies? And what will happen to the transportation industry, the small business community, and the individual taxpayers themselves?

It's all so very simple: As government controls and regulations go up, everyone's bottom line will go down-- way down-- and taking down the stock market, our economy, our 401K's, and dashing the hopes and dreams of everyone who had the outlandish notion that they could some day become financially independent.

And now, it's all about to be dashed upon the rocks of Obammunism.



www.keenobserver.blogtownhall.com


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Hello America... Are you still there?


Question: What's the best job in government, where by following the rules, you are virtually guaranteed a lifetime of service, and then retire on a permanent pension with cost-of-living adjustments, and no co-pay health care to boot!

Answer: It's the con job, stupid!  Just be a con-man,  and be rewarded for life.

Nowadays, voters are in a better position than ever to make informed political decisions. They can access the internet, the blogs, and the portals to get election information. Plus there are now many more cable and national news networks like CNN, CNBC, MSNBC, FOX, Bloomberg, etc. all of which carry political programming. And we haven’t even mentioned the traditional news sources, such as the three major TV networks, or the great newspapers like the New York times, Washington Post, and the Chicago Tribune.
 
Yes, nowadays voters have access to more information than at any previous time, to make informed choices before they enter the voting booth-- yet they keep getting fooled over & over again. But why?

Today, Americans are not only more ignorant about their government than ever before, THEY DO NOT CARE! Ask the average American a simple question like, "what are the 3 branches of the federal government?" And 60% cannot answer correctly! And that's just for starters. Over 25% of Americans foolishly believe that the UN, along with the president, determines our foreign policy! This is beyond stupid...it is downright idiopathic, which is stupidity to the point where it becomes dangerous.
 
How dangerous is it to be stupid when it comes to one's knowledge of their government? Duh... just look at the way the average American votes nowadays. But first, a little historical perspective on voting stupidly.
 
In the election of 1976, it was Jimmie Carter, a dangerously inexperienced, peanut-farming, 1-term Georgia governor, who was running against Gerald Ford, who'd served well as an interim president after Nixon resigned. Ford was a long time Michigan congressman, and was an all-American football player at his Michigan University alma mater. But during the campaign, Ford was depicted as a clumsy, bumbling, oafish Republican, while Carter was portrayed as a sincere and confidant liberal reformer, who championed human rights and "would always tell the truth".
 
Of course Carter won because he was the adopted candidate of the liberal media. But in the final long term analysis, what was the REAL reason Carter defeated Ford? Was it because of Ford's blunder in the 2nd presidential debate, as history would tell us? Or was it because the country was ready for a president who would be the antithesis of the lying Richard Nixon, and would always be straight forward with the American people? NOPE! The real reason Carter won was because he had better hair than the shiny-pated Gerald Ford.
 
The one MAIN credential nowadays in major elections is: you cannot be bald. When's the last time America voted in a presidential candidate who was bald? DUH... give up? It was Dwight Eisenhower, who won less because of his popularity, and more because of Truman's unpopularity and rating of 35%. And despite the disastrous 1-term presidency of Jimmie Carter, would Ronald Reagan have succeeded him if he'd been bald? And to further the point, Reagan (fortunately) for his age had the thick hair of a 30 yr old.
 
Today, American political hairmania is pervasive in almost any electoral contest. Thinking about running for governor? Well friend, if you ain't got good hair, then try the school board.  How about senator? i.e. Look at the average serving senator's age, and then look at all the "older" men who serve there with great hair! Are either of the senators from your home state bald? Probably not. Or they had real good hair back when they were elected.
 
It's probably incalculable all the damage these great-haired conmen of our government have done to this country, in lieu of the competent bald men who might have served instead, would it not be the fact that they were scalp-challenged with little or no hair. Americans detest a bald political pate; and comb-overs are verboten in national politics. Maybe we should resurrect the Whig party, and highly-qualified honest candidates who lack hair, could now get elected wearing some well-fashioned toupe'.

Even the Founding Fathers had it figured out back then; they all wore powdered wigs, and all the best men were able to serve. And fortunately, they showed what honest, well-intentioned people of government can actually accomplish when they are free of artificial restrictions such as hair, or how they look on television.
 
Yup-- that's the bottom line and basic reason for America's obsession with voting stupidly-- it's how you look on television. In the recent election, what might have been the outcome if John McCain had been a member of the 'wig' party? Interesting question indeed. And to play devil's advocate here, could Obama have won his 'mandate' if he had hair like Micheal Jordan (shiny bald), or had gap-teeth like Micheal Strahan? If you don’t have great hair, or are 'challenged' facially, you cannot be serious about running for president. Just ask Rudy Julianni, Fred Thompson, or geeky Dennis Kucinich.
 
Would (could) homely Abe Lincoln have defeated Obama if he had been born 130 years later and was alive today? NO WAY! Lincoln wouldn't have been even able to make it into congress. Honesty and politics are like oil and water together.

Example: in the warped politics of today, a gaffe is when a candidate unintentionally "lets down his guard" and reveals his (her) true position. Yes, it's a fact...besides one's physical appearance, a political candidate cannot reveal the truth, lest it may damage their chances to win.
 
How did America get to this point? It's the con job stupid, and the 'rewards' of being dishonest. Today Americans are so lacking in ethics in their daily lives, that they seem to be "more connected to" the candidate who can promise them..."I'll create thousands of new jobs....I'll fight for working families everywhere"...etc.
 
Yes; they'll fight for working families everywhere. But the laws the con men sponsor are those of the special interests, who transform working families everywhere into unemployed families everyplace. And these con-men congress-people collect a HUGE payoff in the form of campaign contributions, so they'll have a "warchest" for their re-election, so they can perpetuate their misery.
 
It's a fine way to elect a government isn't it? And the con-men usually serve for life using this "fail safe" formula: Promise everything ...deliver nothing...and blame the failed policies of your political opponent as the cause. (quote) "If you tell a lie big enough and keep repeating it, people will eventually come to believe it...the truth is the greatest enemy of the State"... Joseph Goebbels (Hitler's propaganda minister).  “A lie told often enough becomes truth”...Vladimir Lenin. Who he? He founded the communist party during the Russian Revolution in 1917.
 
Can anyone deny that this is exactly the current state of politics in America today? You must be a con man or you cannot win. If you make too many gaffes, and let the truth 'slip out', then that's the kiss of death. During the presidential debates, people look for gaffes, rather than the candidate's true position. Policy matters not. The drama of the "gotcha moment" is what the public lives for in a campaign. And the candidate who provides enough "gotchas" is the inevitable victor; as the media will relive the gotcha moments over and over, and the gotcha candidate's ratings soar higher and higher in the polls.

And where does this all lead to? Well, it's become an American tradition: voting like an idiopathic moron; voting against your own best economic and social interests. Keep perpetuating the misery! Keep returning the conmen back to office! Never mind seeking the truth, it matters little. What's important is going with whatever candidate the media selects, that's how you're virtually guaranteed to elect the least worthy, and most specious person to office.

And what's even more idiopathic is to vote the choice of the comedians. Of course! let the comedy channel choose the "best " candidate. Take the advice of Stephen Colbert, and John Stewart Liebowitz, because they're the ones who're looking out for you. Do your part to make our democracy a joke. Let clowns like Bill Maher, and Lettermen and the the other clowns of comedy to make sure we keep re-electing congressional clowns like Barney Frank, and honest Chris Dodd, the odious Chuck Schumer, and the con man of ways and means, Charlie Rangel, because they always get the last laugh on you once they're done taking away what's left of our fast-disappearing, constitutionally guaranteed right to the pursuit of life, liberty, and happiness.

And take special note of how our Founding Fathers used the word "pursuit" in the Preamble. Why? The longer we continue to re-elect these malevolent, fat-cat incumbents, we'll never catch up to being happy or feeling free from the ever-encroaching tentacles of our rapidly-expanding federal government; and the onerous regulations that destroy the freedom we have left in our lives to keep our money for ourselves, and to speak and act without the fear of political incorrectness, which will soon become another way for these liberals to control our lives, thus making us more miserable than ever.


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