We as Americans have to take our country back from the idiot Obama class and restore it to greatest!

    Let me get straight to the point because there isn’t a moment to lose.

    The Great Depression wasn’t caused by the "failure of business." It was a financial downturn that became an abyss — spawned by the government’s reactionary, blunderbuss response to the crisis.

    Sound familiar?

    Yes, the first squall line of the unwinding U.S. debt pyramid (I warned my subscribers about two years ago) is coming home to roost — in spades. Even former Fed Chairman Alan Greenspan has since admitted the entire U.S. financial system is in the throes of a "once-in-a-century" financial emergency.

    Much as I would like to tweak naysayers with an "I-told-you-so," there isn’t time to dwell on vindication. This is time for action. Obviously, despite massive election-year manipulations, the political class failed to stop the initial stages of the U.S. financial system’s collapse.

    Even worse, we are now witness to the arrival of what The Wall Street Journal describes as the new "Liberal Supermajority."

    The hard reality is U.S. voters have run into the arms of Barack Obama’s "spread the wealth" brand of socialism, which means productive people like you and me need to stay calm — but think proactively and act resolutely to defend what belongs to us.

    With "Obamanomics" being the flavor of the month and all, now is probably a good time to apologize in advance for the unvarnished assessments you are going to see in this briefing. Unfortunately, events are moving too fast for me to waste time on diplomacy and polished prose.

    After all, Congressional committees are already holding hearings on how the government can "tap" millions of 401(k) retirement funds to stave off the Social Security system’s emerging insolvency crisis (more details about that potential legislative bombshell later on).

    At key moments of decision such as this one, I believe embracing truths — especially unpleasant ones — leads to understanding, and from understanding comes action. Ignoring or denying the situation confronting our country is the worst possible thing to do now. Especially now.

Great post Elaine, Obama has never been part of anything financial, yet for some reason liberals think this guy is a genius when it come to the economy?

The DOW was 7926 on Jan. 20, 2009 the day Obama became President, where is it today, right now? 

6629! 6629! If all the big players on Wall Street knew or had this great confidence that Obama was this fearless leader and knew he was the guy to do certain things to help correct the market turn, then wouldn’t they be investing like crazy? 

But these guys know Obama and his minions don’t have a clue! Obama doesn’t know what the market is all about.

Do you want to see what an idiot and amateur Cramer is? Watch the clip on the Daily Show… it has Cramer’s comments and advice followed by what actually happened, in fact, not just Cramer, but the rest of these "geniuses":

 http://www.hulu.com/watch/60862/the-daily-show-with-jon-stewart-wed-mar-4-2009#s-p1-so-i0

I choose to trust my president. At least he has the interests of the country in mind, not just a career shouting on tv in mind.

Rough stuff

"Are the people really that stupid?"

Is that a question you ever think to ask yourself?  Do you consider cut and paste a skill?

Diamond,  no matter what Obama does, under the Bush Administration and congress over the last 8 years, there was a false prosperity.  If it was real it would have held and we wouldn’t be in this much trouble.  I say a false prosperity because much of it was based on credit.  As a nation that de-regulated the banking system, did not regulate Fannie and Freddie, and the lawyers that lobbied for the banks to have the rules on credit card billing fees and rates changed to absolute usury, caused the problem.  As well as a population that thought the credit would never stop flowing.  It was a bubble, not just a real estate bubble, but a credit bubble that popped and now the deflation has caused a credit crisis.  I don’t need to tell you that.  Obama did inherit this economy and therefore probably feels justified in blaming the previous administration.   I don’t blame him.  

Okay, so now his administration is trying to stop the flood of destruction, unfortunately they are not using methods that engender confidence from the business and markets sector of the economy.  At some point, if he doesn’t change direction and show the nation that he gets that we don’t want to go into further debt for certain programs and earmarks - from both sides of the aisle (40% of the earmarks are from the Republican side), then the markets will continue to decline, which will further decimate the retirement savings of we boomers, then we will have a bigger problem.  He says "don’t stuff money in your mattresses" - in other words "go spend" like Bush said after 9/11.  

"Hey show me the money, I will spend it.  I ‘m good at it. Hey, President Obama, show me some money, I can do this, but until then, I have to make sure that I can cover my family and our employees, who help to support their families.  Sir, the amount of money that the government will get from the rich will not cover the amount of spending and the large deficit this bill will engender.  Got to turn the corner and go another direction, this is not working."