Barack Obama: Change to the Economy and a Crunching Sound that No One Can Live With

 

During the Presidential campaign Barack Obama used the political catch phrases, “change you can believe in” and “yes we can”. Well folks, you are now witness to what happens when you elect a tax and spend liberal socialist to the Presidency. Barack Obama is now the steward of a Dow Market that is below 7000 because of his abrupt socialist changes and not having a clue how to deal with the economy … “Yes he did”.

The DJIM has plummeted since Obama forced through the passage of the Stimulus bill. The markets and investors have no confidence that the pork barrel stimulus spending plan is the right direction, who would. Barack Obama is literally promoting disincentives to work. How is this going to fix the economy and grow jobs when you attack the very people who create jobs? As Doug Bandow says, “Now that’s going to help us get out of the recession! Punish hard-working professionals and convince them to cut back services for the rest of us”.

Vanderbilt_Obama_crnchgsnd

A Liberal with an unlimited credit card
is very scary. We wonder if Barack notices the ‘crunching sound’ under his feet as he decimates the real source of money and value now and on into the future.
With the power entrusted to him, is he
forcing America to dig it’s own grave?
Is he treading on the Constitution
as well as deconstructing Capitalism?
Me thinks so.
(Vanderbilt – ‘09)

Dow hits 12 year low … Thank you President Obama … you own this one.

At The Corner they refer to the Dow Jones as a limbo dance … let’s just hope that Obama does not make the Dow Jones be a spandau ballet.

As Michelle Malkin further goes on to say … “upper-income business owners are looking for ways to reduce their earnings to deny the government their tax dollars.” Talk about promoting the best of Americans, Mr. Obama. People are looking to reduce their incomes so not to be hit with socialist, spread the wealth Obama taxes.

Does anyone really wonder why the markets are tanking? Does anyone think that trampling on The Constitution and Capitalism instills any confidence in anyone?



If you liked this post, you may also like these:

  • Even SNL Blasts Barack Obama in that He Cannot Change Washington from the Inside … Seth Meyers Asks Obama, ‘What Are You Doing?’ On ‘Weekend Live
  • Hypocrisy: Barack Obama Economic Advisor Dr. Christina Romer … Fundamentals of the US Economy Are Sound
  • A Tale of Two” Fundamentals” of the Economy are Strong, Part Deux … It all depends on what the meaning of “sound” is
  • CBS News Poll: 7 in 10 Americans Say Obama Has not Helped the Economy
  • Obamanomics: 16.2% Unemployment for African-Americans … 41% for Black Teens … OUCH!!!




  • Comments

    39 Responses to “Barack Obama: Change to the Economy and a Crunching Sound that No One Can Live With”

    1. buster on March 3rd, 2009 8:36 am

      I think the cartoon is a total insult and you guys should be ashamed of your selfs !!! The lips and ears are way to small

    2. ANewGirl on March 3rd, 2009 8:41 am

      Those of us who consider ourselves moderates — moderate-conservative, in my case — are forced to confront the reality that Barack Obama is not who many thought he was. His words seem to be responsible; his character can be inspiring. But his actions betray a transformational liberalism that should put every centrist on notice.

      What does Barack Obama really want to do?? Does the President want more investment to turn around the economy? Then why a $1 trillion tax hike on people with money to invest?

      The point isn’t to agree or disagree with the leftist philosophy of President Obama. The point is that what Obama claims he wants is completely contradicted by what he is actually doing to our Country….and all in less than his first 100 days in office!

    3. scott on March 3rd, 2009 9:05 am

      Listen…Obama can NOT keep blaming George Bush anymore. His STIMULUS package is in full force as money has already been allocated and alloted and grants and contracts have already been awarded. This economy is HIS now whether he likes it or not and the market is responding. I love these polls that say he has all this support. Who are they talking to? The cruel liberals and the un-educated dregs in areas associated with groups like ACORN?

      You can NOT stimulate an economy by creating jobs within the government. It has NEVER worked and will not work. What will happen to these workers after these jobs are completed? Such as the workers who will work 6 months to build new tennis courts and they finish their jobs? Guess what? They will be unemployed again.

      Anybody without Obama googles can see what is happening and it’s not good. He is MORTGAGING our children’s future away. I hope you bastard liberals suffer with the rest of us.

    4. katablog on March 3rd, 2009 9:06 am

      #2 ANewGirl: Yes, O’s words were titillating and when delivered from a teleprompter, very inspiring IF you only listened to the words. And while saying “I told you so” isn’t suppose to be polite, please remember that many of us looked beyond the Words and saw the record. We tried valiantly to tell people that O was not a WYSIWYG (What You See Is What You Get).

      Notice Robert Gibbs, O’s spokesperson not even understanding Rush Limbaugh’s message at CPAC. Gibbs rails on Rush for wanting O’s economic policies to fail as if this is some horrible thing. What Gibbs doesn’t get is that a hope that O’s policies fail is really a very patriotic action since it hopes that America does not become the socialist country that O and the Dimocrats are attempting to turn it in to.

      O has declared war on capitalism. Capitalism is the foundation of America’s economic system. Of course we want O’s war to fail. We love America.

    5. Michelle Smith on March 3rd, 2009 9:22 am

      EVEN if the dummies that voted this moron into office realize what they have done (which I doubt any will admit) it’s too late now, we have 4 years of this crap. The only HOPE is that these same people will wake up and not vote him back into office. We are a sinking ship.

    6. buster on March 3rd, 2009 9:56 am

      Lets all chip in and send the oderbomb to aruba ONE WAY !!!

    7. Maggie on March 3rd, 2009 10:44 am

      I don’t think many of them have a clue what they are doing…if they did..we wouldn’t find ourselves where we are today.. I heard Clinton on Larry King a few weeks ago say, this would never have happened on his watch.. well the NAFTA bs that hurt American workers did happen on his watch and…forcing banks to give to poor people who couldn’t afford homes… homes… greenspan, whom everyone praised, another joke.. the SEC.. Dodd, Frank.. Bernanke..another joke..the list of donations these senators and congressmen took from these different groups.. etc and no idea where all this money has gone to, for what, and where are we getting it? I don’t believe either party is right all the time.. Wish they would actually get a group of dems and repubs..along with the ind. and actually work together on something for the better of our country. Then scaring people if you don’t sign this..we will all go over a cliff tomorrow.. and lump in billions in pork, that has not one thing to do with saving the economy, just so they can get elected again.. I was taught, you can’t spend your way out of debt.

    8. super dave on March 3rd, 2009 10:45 am

      for all you white obama lovers. blacks are now scared of all the white obama lovers that keep smiling and trying to be black. a survey was taken
      and most blacks surveyed, were scared or did not feel comfortable about this whole situation.
      so much for barry trying to make everyone equal and eric holder saying that blacks and whites need to mingle more on the weekends !
      i call this a backfire. obama’s own people will be his downfall.

    9. txchic on March 3rd, 2009 11:53 am

      i guess the obama supporters should have paid more attention to how obama was raised. his mother’s strong political & social views must be seared into his psyche.

      oh & for the record… dems were so critical of president bush when he spoke, i think the next time obama opens his mouth we need to count the number of times he uses the “uh” between thoughts. uh, it’s like, uh, freakin’ uh annoying!

      he has a total lack of finance skills & the lack of leadership to surround himself with anyone who can differentiate their heads from their butts.

    10. katablog on March 3rd, 2009 12:03 pm

      Our only chances for not enduring four years of this garbage are:

      1. More demands to see Obama’s birth certificate

      2. Impeachment

      Get out to your neighborhood tea parties (or like me, drive miles to join one)

    11. EURobert on March 3rd, 2009 12:15 pm

      Btw: what’s this thing with the FED I read so much about on the internet?

      http://www.youtube.com/watch?v=-6Fpoebz2LE

    12. ANewGirl on March 3rd, 2009 12:36 pm

      #4- Katablog—Just for the record, I didn’t vote for THE CHOSEN ONE. In my mind, he’s an empty suit and a complete FRAUD in addition to being a hard core Socialist….not to mention his complete lack of inexperience is really going to hurt our Country for years to come as we are witnessing right now in the first few months of his Administration.

    13. scott on March 3rd, 2009 1:09 pm

      #7 – I was talking to my neighbor yesterday while shoveling out of a foot of snow. He works in the White House in a non-political position and worked there while Bush was in office. He was telling me that the people (those in those non-political positions who were there under Clinton and Bush)were all talking about whether Obama was arrogant or just aloof. Mind you, the majority of these people are liberals. They have all been talking about the disrespect and unprofessionalism Obama has shown in being the President. Some of them have asked for transfers and some have up and up retired. Albiet, he said the Obama’s as people are very friendly of which I don’t doubt. My neighbor also said Bill and his (now Obama’s) cronies acted that way too while in office.

      THE BOTTOM LINE THEY ALL CAME UP WITH WAS HE IS VERY ARROGANT! He’s too smart to be aloof. People have been saying that for weeks about him and it’s evidenced by his spending in face of what the markets and the American people think. He still thinks November 2008 is today…different environment then and different environment today…HE NEEDS TO WAKE UP and stop with the heavy lurch to the LEFT!

      He sucks!

    14. Michelle Smith on March 3rd, 2009 1:23 pm

      #9 Kinda like the people that voted for him huh?

      uh…i’m gonna uh vote for that uh Obama feller uh…he’s da bomb…uh….he’s going to uh pay off my mortgage and uh buy my gas…uh….cool….he’s uh a uh good speaker…uh….he uh promises uh…change…

      Sounds like Sounds like Butthead from Beavis & Butthead….At least they were funny…This is in no way funny….

      He stumbles around his words when he doesn’t have a teleprompter or someone writing his speeches for him. Then he gets all pissy when asked a question that he doesn’t want to answer.

    15. ayfit on March 3rd, 2009 2:03 pm

      Hey Guy’s
      You know,I thought I was DEM. until now..Man I’m scared to death. I am in retail and I own my own business. Let’s just say I DON”T need shades. The future doesn’t look bright. Make no mistake about it “the whites put Obama into office”,along with Mr. Bush. The people had seen anough and were ready for a change. CHANGE Obama’s battle cry. That’s marketing,and it worked. Boy did it work!! This almost makes one question our voting age. The young whites put Obama in. Simple as that. What were they thinking??? John McCain?? For Sure!! Anyone ever question the choices? Let’s just say the choices were slim.

    16. SenecaFalls on March 3rd, 2009 2:21 pm

      The DJIA is not the economy.
      But if you insist on keeping track, why not track the descent of the Dow from 10887 on January 31, 2001 to 8281.22 on January 16, 2009. That would be the descent under Bushie. Adjusted to the value of the dollar during the same period, that would be a loss of 41% of its value. So who is/was bad for the economy??
      As for Scott saying “You can NOT stimulate an economy by creating jobs within the government. It has NEVER worked and will not work. What will happen to these workers after these jobs are completed? Such as the workers who will work 6 months to build new tennis courts and they finish their jobs? Guess what? They will be unemployed again.” that’s just misinformation plain and simple.
      GDP which is a real measurement of a country’s economy, increased every year under Roosevelt from 1933-1941 because of the government creation of jobs, except in 1937 when Roosevelt listened to Republican caterwauling about spending too much and introduced a budget that cut spending.
      On an anecdotal note, my own brother was trained in a jobs program called CETA (created in 1973 by that Democrat Nixon ) and he remains a computer programmer working on a private contract to this day.
      The point of people having jobs is that they spend the money they make on jobs. For every $1 spent on a jobs program the multiplier returns two to the economy.
      Those are the facts, but don’t let the facts disrupt your nonsense ranting.

    17. Carpe on March 3rd, 2009 2:31 pm

      Obama sucks. He sucked all along, and he will do it again. Part of me even thinks he may even secretly enjoy it.

      He is a bonafide serial sucker.

      Hope & blue lips, it’s the American way!

      …and by American, I mean, someone born in Kenya,
      and smuggled into Hawaii, then moves to Chicago,
      but whose family keeps calling him from all over
      the globe with international 5 cents a minute pre-paid calling cards.

    18. ayfit on March 3rd, 2009 2:33 pm

      Oh Yea’
      By the way;
      LONG LIVE NATALEE HOLLOWAY

    19. buster on March 3rd, 2009 2:49 pm

      I am ready for change !!! Get the monkey out of the white house or at least make the *&%%$# show us his birth certificate !!!

    20. nurturer on March 3rd, 2009 3:24 pm

      #2 – Goebbels, the Nazi Propoganda Minister, once said, “If you tell a lie big enough and keep repeating it, people will eventually come to believe it.”

      Ring familiar??

    21. yoyo muffintop on March 3rd, 2009 3:36 pm

      After reading the above posts it’s fitting that the current leader of the Republican Party is an uneducated drug addict…

      Republican logic – When it’s cold, it’s proof that global warming is a hoax. When the stock market goes down, it’s proof that America has no confidence in Obama. When there’s a hurricane, it’s because God hates gays. And when the volcano blows, it’s because we forgot to sacrifice a virgin last month.

    22. txchic on March 3rd, 2009 3:54 pm

      #16: Clinton stated during the election between Gore/Bush that he felt sorry for who ever would be taking over the white house because they were inheriting a recession. The writing was on the wall yet president Bush was able to keep us a float. It’s on a video interview if you don’t believe it.

      Obama has done more damage in a matter of weeks than anyone. Seeing how his only plan to get us out of this is piled high with socialist pork, I imagine that it will decline much more in the coming weeks. Most who opposed an Obama white house predicted this…

    23. super dave on March 3rd, 2009 4:11 pm

      i wonder how many hours a day robert gibbs spends on his knees in front of barry boy ?

    24. super dave on March 3rd, 2009 4:36 pm

      and like barry boy, when yoyo talks, nobody listens.

    25. Maggie on March 3rd, 2009 4:54 pm

      After reading the above posts it’s fitting that the current leader of the Republican Party is an uneducated drug addict…

      I think you mean former addict, just like the current and former presidents were addicts.. one still smokes cigarettes..and I didn’t know Michael Steele was a former drug addict..

    26. kayjay on March 3rd, 2009 4:58 pm

      Never was the ols addage “ACTIONS SPEAK LOUDER THAN WORDS” as in the case of Barack Hussein Obama. Those who “didn’t realize what he meant by change”..should have LISTENED to what he said and not HOW HE SPOKE! The champagne socialists knew exactly what they were voting for and have been planning these moves for years. Folks to save this country will take a combined effort of conservatives, independents and yes sane democrats to oust him and as many members of the congress as possible at the next election. I hope for the sake of our children and grandchildren we can do it.

    27. kayjay on March 3rd, 2009 5:02 pm

      Sorry meant to say ..”more appropriate” …as in the case of BHS..etc.
      PS. I think he is quite happy for the stock market to tank..after all it will make more people dependent on government programs, and god knows what he will do to medical care.

    28. buster on March 3rd, 2009 7:46 pm

      It’s every muslims dream to take down the United States I guess obama is living that dream
      Show us your birth certificate !!!

    29. yoyo muffintop on March 3rd, 2009 10:07 pm

      #25 – it’s rush babydoll. sorry to burst your fanatical bubble. Obama’s wasn’t a drug addict.

      A quarter of the posts posted on this topic have been by admitted racists. The “most prolific” poster wants to see the President murdered.

      What a wonderful site this has become.

    30. katablog on March 3rd, 2009 10:49 pm

      For every $1 spent on a jobs program the multiplier returns two to the economy

      Though I’m a trained accountant and worked in financial management for 15 years, I’m afraid you will have to explain that to me. It’s simply not true.

      First and foremost, the “jobs” O is “creating” in the Pork = U Less bill cost over $300,000 per job to create. I’d say it would be cheaper to just hand people the money! When the government spends money, fraud and waste are rampant. Everyone knows the government always gets the short end of the stick.

      The Dow Jones is a reflection of the mindset of those who spend money to make the economy grow. When investors pull out of the market, they are saying they have no confidence in it. In this case, for good reason.

      A Government can’t simply “create” money that doesn’t exist. You can not spend your way out of debt! Don’t believe me – try it in your household. Instead of paying the bills owed, spend the money on whatever you fancy and then after a year or two, tell me how that works for you.

      Yes, people with money do spend but to go beyond spending for their needs, they have to feel confident that there’s more money coming in the door next month. Consumers decreased spending partly because of job loss and partly because of a lack of confidence.

      When you start taxing the “rich” the rich send their investments off shore and reduce their revenue to reduce their taxes. When people believe they can keep most of what they earn, they work harder, produce more and are more honest in paying their taxes.

    31. Dolf on March 4th, 2009 2:49 am

      no Katablog, honesty shouldn’t be a matter of low taxes, but of decency

      its shitty to see when ppl who makes loads of money putting an icecream (65cent) on their declaration

    32. Dolf on March 4th, 2009 8:41 am

      btw. don’t let the stockmarket guide you to much.

      to much human emotion factors in the stockmarket

    33. Maggie on March 4th, 2009 9:48 am

      yoyo muffintop on March 3rd, 2009 10:07 pm
      #25 – it’s rush babydoll. sorry to burst your fanatical bubble. Obama’s wasn’t a drug addict.

      A quarter of the posts posted on this topic have been by admitted racists. The “most prolific” poster wants to see the President murdered.

      What a wonderful site this has become.

      lol…fanatic? read your posts..Obama walks on water..? Now we are parsing words.. drug user, drug addict whatever.. What he was doing was just as illegal as what Rush Limbaugh did..so what’s the difference? My sister in law works counseling teens and young adults on drugs including smoking and alcohol. Does that make a person worthless? I think not.. I seldom listen to Rush Limbaugh, lately seldom listen to any of them, blowing their own horns. I have no control over what anyone else posts.

    34. super dave on March 4th, 2009 10:59 am

      yoyo why do you keep coming back ? some of us consider you as much of a racist as you are claiming.
      most africans are scared of you people trying to act black and as surveyed, most fear for their lives because of you ( i don’t see color ) whites.
      they know it’s a fake smile and a high five.
      you know you love us or you would be long gone by now.

    35. yoyo muffintop on March 4th, 2009 6:15 pm

      “What he was doing was just as illegal as what Rush Limbaugh did..so what’s the difference?”

      You are warped if you equate experimenting in college to doctor shopping to feed an admitted oxycodone and hydrocodone addition he had for years.
      Doing so pretty much makes you a…fanatic.

    36. Dawg1948 on March 5th, 2009 12:13 am

      Seneca’s improbable history strikes again. Your ideas and interpretation of history is worse than Peabodies Improbable History from the Rocky and Bullwinkle Cartoon Show. The truth about FDR is that more of the ideas he tried did not work than did and his ideas and actions did not get us out of the Depression which was World Wide. What got the World not just the USA out of the Depression was World War II. When you take into consideration the GDP was so low when FDR went in due to the Depression the only place it had to go was up. FDR’s ideas caused the recovery to be longer than it should have been.

      One last question for you Seneca if every dollar invested in jobs creates two dollars in return then why are the number of jobs the 700 billion plus stimulus package is supposed to create projected to cost 2 to 300,000 per job. Also when I made loans for the government the borrowers we financed were 75% youth loans and all of them combined in our territory (if they paid which 70% of them did not)produced less than $5000 per year in finance income for the government. When one Loan Officer’s salary is over $65,000 per year where is the efficiency and effectiveness of these jobs. In short your tax dollars are being pissed away and that is just one government program. You can Thank Al Gore for that situation he reinvented the government, what an ASS.

    37. Dolf on March 5th, 2009 4:28 am

      didn’t FDR stop to soon with spending?
      __________
      SM: Actually no. The spending prolonged the depression.
      R

    38. scott on March 5th, 2009 12:19 pm

      Seneca is an idiot….yoyo is an even bigger idiot and dolf…well…whatever….

      I love REVISIONIST history, especially from liberals. It’s now come about that lies are in our children’s school books. It’s these same people above with the exception of the NON-AMERICAN that poison the minds of our children.

      Liberals are haters period!

      Wow…no these same liberals are poking at Limbaugh’s addiction like they’ve never used any kind of illegal drug or done anything illegal in their lives. That’s a lie because liberals are morally f’ed up anyway and the fact they even breathe makes them illegal. The fact they claim global warming is a FACT is illegal because no matter what the kool-aide drinkers think, IT HAS NEVER BEEN PROVEN…EVER!

    39. Maggie on March 5th, 2009 1:40 pm

      yoyo muffintop on March 4th, 2009 6:15 pm
      “What he was doing was just as illegal as what Rush Limbaugh did..so what’s the difference?”

      You are warped if you equate experimenting in college to doctor shopping to feed an admitted oxycodone and hydrocodone addition he had for years.
      Doing so pretty much makes you a…fanatic.

      mmmm He wasn’t experimenting in college…it was highschool too and you constantly defend Obama like he walks on water no matter what he does, so that makes you a fanatic to me.. I am not defending none of them..but sorry illegal drugs and doing illegal drugs/prescription drugs is all the same.. I know about oxycontin… Lawyers and patients won a big class action lawsuit against them for not warning people how addictive it is a few years ago. Place where my son works, 29 year old kid overdosed and died on it accidently, because it’s so addictive. We heard the same trashing of bush about his drugs/drinking and Cindy McCain..but don’t touch Obama on his addiction/drug problems or Clinton..

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