In early November of 2012, the stock market took a big hit right after President Obama was reelected. Many people thought he would be reelected, so most of this was already supposedly built in to the stock market prices. Nevertheless once he was reelected people realize that Obama Care was going to be an actual fact, and it would not get repealed. With the Democrats maintaining and even growing their strength in the Senate, and with Obama being reelected it is quite obvious that the last four years of Obama's economic strategy will only continue for the next four.
While the stock market was diving the day after his election news commentators were busy blaming Greece and earnings, some the coming fiscal cliff, but they wouldn't blame Obama's reelection. Look, the stock market doesn't drop 300+ points in one day because of a few companies posting earnings that didn't beat the street. Further, we've known Greece is an economic disaster, it's a socialist country that has run its course and now all can see yet another façade of socialism, so its challenges for the economy and Europe are already built in the stock prices.
You see, investors always vote with their wallet, and they are voting against President Obama and his administration. They don't feel he has been a good steward of our economy, and they are right. Consider if you will that the unemployment rate is at the same point it was when he took office, and he spent $5 trillion in deficit spending in the last four years. To use socialist buzzwords and phraseology; "that's simply unsustainable." Everyone knows it too, it's hardly a secret.
It's amazing that everyone in the media wants to protect this president. They practically got him reelected by refusing to talk about the issues, the fiscal cliff, or the huge debt he's racked up. Yes, I suppose that when you spend $1 billion in advertising, the media wants to treat you well, but it seems the media has been busy stirring up the pot of this populist message of class warfare, they've been allowing socialism to creep into our country, and enjoying every minute of sound and fury to receive an uptick in their ratings hoping to save their skins even as we enter the recession.
Well, all that money from the Obama campaign to keep his image polished, and his brand strong no longer will be running 24/7 and they are not going to be able to hide the truth about the Obama Administration's failed economic policy as we go back into recession. When the American people reelected President Obama they probably did more to hurt his presidential legacy and our country than they realize. This is going to end very badly, but then again most socialist regimes go down quite hard, because they "run out of other people's money to spend," right as they run out of other people to blame for their own economic failures. Please consider all this and think on it.
0 comments:
Post a Comment