Archive for the ‘Stock Market’ Category

I Love Victor Davis Hanson–Bush Did It

March 20, 2009

With tongue placed firmly in cheek, VDH writes a column as if all the things said and done recently by Dear Leader and his regime were written under the continuing  BSD (Bush Derangement Syndrome) of the MSM and the LEFT’s watchdogs.

The point being…how are they covering HRO? Did they forget their jobs? Need I answer?

Bush Did It
What a difference an election makes.

By Victor Davis Hanson

President Bush was ridiculed today by critics of the Guantanamo Bay detention facility when he suggested that his administration no longer was incarcerating “unlawful combatants,” but was instead in the process of renaming them as mere “detainees.” The president also promised to close Guantanamo “within the year,” and added that he had assigned a “special task force” to look into the matter.

“Orwellian,” the New York Times fumed in an editorial entitled “Just Close It!”: “If the President’s Ministry of Truth thinks that his metamorphosing words change reality, then it is going to be a long four years. This latest Doublespeak comes on top of the President’s ignoring his past assertions that ‘signing statements are unacceptable’ and continuing the policy unchanged from the Clinton administration.” TheLos Angeles Times joined in, adding, “Remember that Bush promise about posting pending legislation on his administration’s website before signing it into law? Well, somehow several days’ notice has evaporated into 24 hours, and now zilch.”

Bush likewise ignored criticism that on the Patriot Act, FISA, and extraordinary rendition his current public positions were at odds with those that he ran on during the campaign. The Washington Post noted, “Here we go again with Karl Rove’s daily machinations — it is the same old flip-flopping we saw last summer before the election, when an opportunistic Bush reversed himself on NAFTA, public campaign financing, Iraq, the surge, Iran, offshore oil, nuclear power, coal plants, capital punishment, gun control, and abortion. One would think the dignity of the office might nudge Mr. Bush away from his perpetual campaign trimming. But then we have a President who seems glued to his Teleprompter and the scripted message feeding in from the right-wing attack machine.”

The Bush administration was further embarrassed when it boasted that the fundamentals of the economy were “sound” — although in its prior requests for bailout funds just a few weeks ago, it had ridiculed skeptics who countered that the economy’s fundamentals were, in fact, “strong.” Meanwhile, columnist Frank Rich complained that “In times of economic crisis here we go again with greedy and failed AIG execs — buddies of Bush’s clueless Wall Street–retread treasury secretary — using federal money to pay themselves bonuses for their rampant failure. But what do you expect from revolving-door administration officials in bed with the very corporations they used to work for? Get used to more $100-a-pound beef at the ‘let them eat cake’ White House parties, lorded over by this AIG surrogate who took more than $100,000 in their money for who knows what? Maybe Speaker Hastert can let those GM execs on federal welfare piggy-back on his private jet next time they come to Washington to beg for more of our money. These people have no shame.”

President Bush had warned the (more…)

I Love Mark Steyn, an Update on OSD2

March 6, 2009

Just a little update from my Post Yesterday. It looks like Mark Steyn, whom I love immensely, thinks along the same lines as I do, that HRO is determined to destroy America’s economy in order to bring about his designs on the perfect Euro-topia, the USSA (United Socialist States of America).

NOTE: Look at the tanking of the DOW the last two days after the brief 100+ blip on Wednesday (after 5 consecutive days of going down) as Obama continues to lay out his plans and policies. With every opening of his golden mouth (even though he continues to say that nothing his administration or his words have any effect on the market) it drops again (yesterday after the Health Care plan) and again (early on it was down 109 , but came back up to a whopping +32.50 after his speech in Ohio this morning) AND he hasn’t even gotten to instituting Cap & Trade yet–imagine what that will do to the DOW Industrials since he plans to completely destroy business and companies to fight the Anthropogenic Global Warming Hoax.

From the NRO Corner Blog:

Not a Bug but a Feature   [Mark Steyn]

In The Wall Street Journal, Michael Boskin writes:

Mr. Obama’s $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents — from George Washington to George W. Bush — combined. It reduces defense spending to a level not sustained since the dangerous days before World War II, while increasing nondefense spending (relative to GDP) to the highest level in U.S. history. And it would raise taxes to historically high levels (again, relative to GDP). And all of this before addressing the impending explosion in Social Security and Medicare costs.

What emerges from such a blueprint will not be America. The United States will survive as a geographical designation, a collection of zip codes, but what goes on within them will be a Euro-Canadian form of societal arrangement (I write more on this in the new NR, out today, I do believe).

If you’re David Brooks or Christopher Buckley, you’re baffled at what your sensible moderate bipartisan economic centrist president is doing. If your objective is to “stimulate” the economy, why would you do this stuff?

But, if your objective is fundamentally to transform the relationship between the citizen and the state, it all makes perfect sense. On the radio yesterday, Mark Larson asked me about all this and I replied:

As Rahm Emanuel says, he has essentially to use the crisis as an opportunity. And that’s what it’s about. I think that the plummeting Dow actually serves his purpose… My worry is, though, that when you look at the riots that have been happening in Bulgaria and Greece and Iceland and other places, is that when people turn against the government, it’s usually because they’re banging on the door of parliament saying why don’t you guys do more for me? In other words, they’re saying a $3.7 trillion dollar package isn’t enough, we need a $20 trillion dollar package. So I’m a bit worried that when this public dissatisfaction with Obama starts, a big chunk of it will be from people who are actually demanding even bigger and even more Europeanized solutions to these things.

Obama’s priority is not the restoration of the economy but, as he says, the “remaking of America.” If you take him at his word, his indifference to the Dow makes perfect sense.