I don’t think it’s accident that the Stock Market is tanking after a very short rally that coincided with the then coming victory of Scott Brown. The business world is scared – as is evidently our Secretary of the Treasury who has wandered about as far off the reservation as cabinet officers normally go, allowing the world to know his skepticism about Obama’s new reining in of the banks. (How long before Geithner goes under the bus now?)
The scary thing is that many of us believe the President hardly knows much of anything, certainly not economics, and is surrounded by an increasingly paranoid and defensive group of advisers. It’s shades of Nixon, but worse. Tricky Dick, at least, knew what he was doing and could accomplish things. Obama is the biggest windbag to ever ascend to the presidency. He has no idea what he is doing and now things are getting rough. Frankly, I’m worried for our country because this man doesn’t really understand what the public is telling him. He just thinks we’re “angry.” He’s wrong – we’re furious and we’re furious because he blames everyone but himself and seems psychologically incapable of taking responsibility. One can imagine a ninety-year old Obama stumbling around in some rest home shaking his walking stick at George Bush. But forthe moment Bush is being replaced boy. Now evidently it’s the banks fault. The evil bankers are to blame. It’s capitalism, stupid
Problem is, we’ve been there, done that, a thousand times. The alternative to capitalism is socialism and it has never worked. Not once, in all its myriad permutations. In fact, it most often hurts those it was intended to help, bankrupting the society and leaving the lower classes destitute. The Soviet Union collapsed. China was deeply impoverished until it turned essentially capitalistic . Everybody knows that now, and has for years, except maybe our president. He’s after the banks and is so clueless he thinks that will impress us. Of course, it won’t. Nobody believes anything he says anymore. But he is the President and he can take executive actions. And with those actions, like a wounded animal, he may pull all of us down with him. I am deeply afraid of that because Barack Obama has never had to deal with any personal adversity in his adult life. He has lived a completely privileged existence. This is a first for him. There’s no telling how he will behave. Watch out, buckle up and hold on to your seats.