Tuesday, March 10, 2009

The Obama Effect

Seattle Times: "The Dow Jones industrial average has fallen 21 percent during Obama's first seven weeks in office. Count back to Election Day and the results are even bleaker: That afternoon, the Dow closed at 9,625. Now it stands at 6,547, a loss of 32 percent.


Before Obama, the worst Dow performance for the first seven weeks of a new administration was an 18 percent plunge in 1974 after Gerald Ford was sworn in, during a severe bear market triggered by the Arab oil crisis.

Ronald Reagan presided over a Dow decline of more than 20 percent from April 1981 through the end of the 1982 bear market. And in 2001, George W. Bush's first year in office, the Dow plunged from a peak above 11,000 to a low below 8,300 after the Sept. 11 attacks."

If I can understand this, I know you can understand this, then Washington understands this.

It's increasingly difficult to see why we continue with Fascist government policies. Since the victory of Big Government in the twilight days of 2008, the market has responded as it should. Shrinking away from that which seeks to hurt it, a larger federal government.

More Taxes? Bad Business. More Subsidies? Bad Business. More Protectionism? Bad Business.

On a Personal Note, here's whats been going on.
Mexico went very well, we finished the house in 4 days, fastest I've been a part of yet. Even though we were in the hot spot of the drug war called Reynosa, we saw very little activity. Its there, but we weren't threatened by it.
This time though, I had the good fortune of snagging ol Montezuma's Revenge this past week, so I was out of commission for a few days. I should be back in action as we rapidly approach breaking 1000 posts.

1 comment:

Solameanie said...

I tend to think it's more Marxist/Communist than it is Fascist. Although the Nazis were "National Socialists." Whatever they are, it's all a bunch of evil nonsense.

Hope and pray you feel better. When our missionaries to Russia pick up a bug like that, we call it Vladimir.