The End For Obama Inc. (Broad Slide for U.S. Stocks)
Posted by:
Thomas Sowell
()
Date: October 23, 2012 11:18AM
So much for QE-3. Or QE-2.Or QE-1 for that matter.
After a so so performance at the debate last night this mornings Blue Chip earnings reports can't be doing much to buoy spirits at Obama's campaign headquarters.
http://online.wsj.com/article/SB10001424052970203406404578074151221809878.html?mod=WSJ_hpp_LEFTTopStories
The current market slump is wide and deep effecting areas of industry that should be booming along if we are truly in any kind of a recovery at all. The new Obama add touting his economic recovery and jobs record seems surreal at this point. He has detached himself from the common folk by his own myth.
Next months economic numbers on growth and employment will be dismal. What an unmitigated disaster.
On top of the 5 trillion in Obamanomic's Keynesian deficit stimulus spending, We have the 3 trillion or so of money printing by the Fed and this is all we have to show for it.
The most expensive economic "house of cards" ever constructed is crumbling to the ground all around us.
As we grow closer to the election Romney's lock on victory will become more evident and should help the markets a bit but it will take a while before Bernanke will be forced to reign himself in and shut down the insanity of quantitative easing. It's like turning around an aircraft carrier at full bore.
The Obama experience has served as the most expensive education in economics for a people in world history. Let's hope it has done some good! I think it has.
Re: The End For Obama Inc. (Broad Slide for U.S. Stocks)
Posted by:
Tommy Boy
()
Date: October 23, 2012 11:22AM
Dream on, Brother. Dream on...
Re: The End For Obama Inc. (Broad Slide for U.S. Stocks)
Posted by:
4 more years, II
()
Date: October 23, 2012 11:43AM
I'm so sick of that clown Obama, ready for some Romney!!
Re: The End For Obama Inc. (Broad Slide for U.S. Stocks)
Posted by:
Viper
()
Date: October 23, 2012 12:15PM
Thomas, you really are mentally ill. I hope you get well someday.
Re: The End For Obama Inc. (Broad Slide for U.S. Stocks)
Posted by:
Truth Finder
()
Date: October 23, 2012 12:52PM
"On top of the 5 trillion in Obamanomic's Keynesian deficit stimulus spending, We have the 3 trillion or so of money printing by the Fed and this is all we have to show for it."
The numbers are much too high since you bundle Bush deficits and money printing.
The money printing is Keynesian also. Since interest rates were already zero in 2008, the Fed started buying bonds to absorb the nearly 2 trillion dollar supply ofextra debt issuance for TARP and fiscal stimulus in Bush's last budget FY2009.
The numbers are much too high since you bundle Bush deficits and money printing.
The money printing is Keynesian also. Since interest rates were already zero in 2008, the Fed started buying bonds to absorb the nearly 2 trillion dollar supply ofextra debt issuance for TARP and fiscal stimulus in Bush's last budget FY2009.