Tuesday, March 10, 2009

Here's an idea...

Every time the President opens his mouth, the stock market drops another hundred points. If Barack really wanted to do something about the economy, the best thing he could do would be to just shut up.

8 comments:

Anonymous said...

Better yet - go on vacation for 4 years.... I'd rather pay him his salary for 4 years and have him do nothing than keep mucking up the economy

Nathan Brindle said...

Congressional elections are less than two years away. Let's HOPE Barack and his sort-of tame stable of 'critters doesn't CHANGE so much that they run the market to zero between now and then :)

perlhaqr said...

I've got a speech Barry could give to good effect.

"My Fellow Americans, I'm speaking to you today because I have good news. The Stimulus Bill we passed has had a positive impact on the economy. Ordinary Americans are regaining their confidence in the market, and it is with great pleasure that I announce that we are seeing the light at the end of the tunnel. The economy is on the upswing, and as such, needs no further assistance from either the Congress or the Office of the Presidency in order to recover."

Not, mind you, that I'll be holding my breath waiting.

TJP said...

Continuing to breathe is good judgement, because it's basically impossible to tax people out of debt.

Impossible.

Then, after all those new federal jobs are "created", the wealth that was destroyed elsewhere to accomplish this will thereafter be destroyed yearly, and increasingly, because of union contract pay raises.

And don't believe the baloney about targeted income taxes. I don't make $250K a year. My taxes are already going to up to compensate for the lack of federal touch-money coming into my state.

kbarrett said...

If he keeps his mouth running, and horrifies enough blue-dog Democrats into joining us, we can have a coup of the adults before 2010.

An Accountant said...

Why are you so focused on the stock market as a gauge of the economy? We could abolish the corporate income tax and that would shoot the dow up a thousand points or more, and not actually do anything to improve the total economy. More to the point, when the dow was at 14,000 and HORRIBLY overvalued, did that indicate that the economy was great? No, it indicated a bubble, a condition of delusion in respects to the overall prospects of future earnings of companies and delusion as to the proper valuation of those earnings. If you want to attack Barry then lets analyze the actual money that he spends. And lets factor out the tax cuts that are part of the 800 million stimulus bill. That's over 200 million of tax cuts right now, DEFERRED taxes that supposedly private individuals and companies can spend better than the government. I think you should also factor out money going to the states. Think tax increases on the state level for needed programs that can be delayed or eliminated. Has anyone here actually looked at the numbers and figured out a plausible amount of pork that we really CAN be upset about? This is very similar to someone saying they understand particle physics without even looking at calculus. If you won't do the analysis, then you don't really know anything. I'm not suggesting that you get a degree in Obama pork, but maybe a little research would be justified when you are dealing with something this important.

Anonymous said...

I think An Accountant has a very valid point here.

There is no doubt about it, the stock bubble has well and truly been taken care of. Do you, Accountant, wish (on behalf of The Administration) to take the credit, as it were, for that? Please indicate. If it goes back up, you will disavow it, no?

Since the stock market is a poor indicator of the actual state of things, and our government is well-invested in producing indicators, which indicators would you indicate to use as a true benchmark of value, that you couldn't, you know, kind of wiggle out of in the next several months? Please indicate. We will compare.

Because I'm calling you a lowdown member of a lying cheating race, and fully intend to gut you like the pig you are, just before throwing the last record of your existence into the sea at low tide, if you don't mind my saying so. We do not wish to be reconciled with you, sir, we hate you, sir. By all means kill us all now, because it we ever get back up, there is no future for you.

I apologize if I have failed in any way to make myself understood.

The same Accountant said...

Wow, thats a lot of hate towards someone who said, or maybe tried to say "lets talk about the FACTS intelligently". Sounded a lot like the far left, a bunch of invective and no substance.

I am not an agent of the current or prior administration and take no credit, satisfaction, or blame for the Dow, S&P 500, or any other index. You want me to pick a benchmark so you can point at it and scream "See its getting worse!" Well, it will. This is going to hurt for a while regardless of what any government, any part would or could do. I do find it interesting that you want to be able to sling mud in the next several months over a declining economy when things such as the Dow fell from over 14,000 to 8,000 on the last administrations watch. 6000 points. Is that a lie? I have to wonder which lying cheating race you are refering to. Is it accountants? Because when we DONT do our job, yeah its a bloodbath. Kind of like cops, you never know about the ones who DO their job, just the bastards who are the vast minority. Or is it the race of those you actually want a concrete base from which to argue about spending Billions of dollars? It is a lot easier to throw up a bunch of noble rhetoric and avoid intelligent discussion. I don't hate you, I am disappointed, and conservatives of the past such as William Buckley would be as well.