I am now convinced that Barack Obama is just filling the media with propaganda on how bad the economy is going to fail. This is rapidly eroding the consumer confidence of the people in the United States and his rhetoric is actually the largest contribution to the continuing collapse of the economy. Everyday the banks hear this over and over and the underwriters at these banks are very, very reluctant to write loans. I have always said that Barack Obama has an ulterior motive that he is not telling us about. The writing on the wall is becoming very clear now.
Barack Obama ultimate goal is to shift the economic power from the public to the government (Socialism). If you really look at the “Stimulus Bill” program, it is ultimately designed to put all the economic power in the hands of the government.
I bet if today he quite saying that economic failure is imminent without the passage of the stimulus bill, after a while consumer confidence will soon start to recover because the threat of economic failure is not being broadcast in the news ad nauseam.
Lets take a look at some Stats. Source Yahoo Financial Page.
February 10, 2007 Barack Obama announces Presidential Candidacy
February 12, 2007 Dow Jones Index closes at 12552.55
February 12, 2007 Standard and Poors 500 closes at 1433.37
February 12, 2007 NASDAQ closes at 2450.38
June 4, 2008 Barack Obama wins Presidential Candidacy
June 4, 2008 Dow Jones Closes at 12390.48
June 4, 2008 Standard and Poors 500 closes at 1377.20
June 4, 2008 NASDAQ closes at 2503.14
November 5, 2008 Barack Obama wins Presidential Election
November 5, 2008 Dow Jones Closes at 9139.27
November 5, 2008 Standard and Poors 500 closes at 952.77
November 5, 2008 NASDAQ closes at 1681.6
January 20, 2009 Barack Obama Takes Oath of Office
January 20, 2009 Dow Jones Closes at 7949.09
January 20, 2009 Standard and Poors 500 closes at 805.22
January 20, 2009 NASDAQ closes at 1440.86
January 21, 2009 First Day of trading after Barack Obama Takes Oath of Office
January 21, 2009 Dow Jones Closes at 7956.66
January 21, 2009 Standard and Poors 500 closes at 832.23
January 21, 2009 NASDAQ closes at 1515.05
February 17, 2009 the day Barack Obama signed his personal massive “Spendulas” bill.
Today analog television stations were to stop transmitting analog signals before he screwed that up also.
February 17, 2009 Down Jones Closes at 7552.60
February 17, 2009 Standard and Poors closes at 789.17
February 17, 2009 NASDAQ closes at 1470.66
February 19, 2009 the day after Barack Obama announces his 75 Billion Dollar mandate for banks and lending institutions to write loans at an artificially low rate thus making it difficult to be profitable. This mandate also rewards people that can not afford home loans with a bail out. This mandate also put a huge burden on tax payers that are paying their loans on time.
February 19, 2009 Down Jones Closes at 7465.95
February 19, 2009 Standard and Poors closes at 778.94
February 19, 2009 NASDAQ closes at 1442.82
February 23, 2009 Barack Obama appoints VP Joe Biden to Oversee Stimulus Package Implementation. This my friends is like assigning the Fox to guard the Hen House. Joe Biden has never ran a business nor does he know how to run a business. How in the world can Joe Biden be fiscally responsible for managing this amout of money.
February 23, 2009 Down Jones Closes at 7114.78
February 23, 2009 Standard and Poors closes at 743.33
February 23, 2009 NASDAQ closes at 1397.72
February 24, 2009 Fed Chairman Ben Bernanke speaking positively says there there is a possibility that the economy will start to turn around in 2009 if the Obama Administration gets everything right. This is what the American people want to hear over and over to build their Confidence. This is the exact opposite of the rhetoric that Barack Obama has been preaching from the pulpit.
February 24, 2009 Down Jones Closes at 7350.94. Up 235.60
February 24, 2009 Standard and Poors closes at 773.14. Up 28.45
February 24, 2009 NASDAQ closes at 1441.83 Up 42.46
February 26, 2009 Barack Obama reveals his plans to expand healthcare coverage and curb costs calls for cutting Medicare payments to private insurers, letting consumers buy cheaper medicines and preventing drug companies from making deals that block generic competition.
February 26, 2009 Down Jones Closes at 7182.08.
February 26, 2009 Standard and Poors closes at 752.83
February 26, 2009 NASDAQ closes at 1391.47
February 27, 2009 Barack Obama gives away the United States military strategy for the future by announcing US troop withdrawals from Iraq by August 31, 2010. This will allow terrorist to start moving their operations from Afghanistan to Iraq by that date. Wonderful Huh?
February 27, 2009 Down Jones Closes at 7062.93
February 27, 2009 Standard and Poors closes at 735.09
February 27, 2009 NASDAQ closes at 1377.84
March 2, 2009 Rahm Emanuel announces yet another broken promise by Barack Obama. Barack Obama will sign a pork laden, special interest 410 Billion Dollar Spending Bill. Again Barack Obama lies to the people of the United States.
March 2, 2009 Down Jones Closes at 6763.29
March 2, 2009 Standard and Poors closes at 700.82
March 2, 2009, 2009 NASDAQ closes at 1322.85
March 5, 2009 Barack Obama initiates Government goals to re-engineer US health care practices in the United States of America. The first move towards establishing socialized medicine in the USA. As of this date everything that Barack Obama and the current sitting Congress has done, has no psychologically stimulating effects on main street and the result is the slow destruction of Wall Street. Barack Obama says it is not important to watch the “daily fluctuations” of Wall Street. He is heeding his own advice and not paying attention to the fact that he is destroying the life savings of most all Americans. That seems to be OK with him. If the public does not have any savings they will become more and more dependent on the government instituted socialist welfare.
March 5, 2009 Down Jones Closes at 6594.44
March 5, 2009 Standard and Poors closes at 682.55
March 5, 2009, 2009 NASDAQ closes at 1299.59
Again Barack Obama is creating a “Land of Entitlement” with the United States. Rewarding unresponsible people with responsible tax payers money. This is also eroding the publics confidence in Barack Obama’s ability to be the leader of the United States of America.
Everyday Barack Obama speaks in public the markets loses more and more confidence in how he is running the country. It is obvious that at least today the investors in the US Stock Market have absolutely no faith in Barack Obama. Will this be different in the future?
I hope the pubic wakes up soon and sees what Barack Obama is doing and what a catastrophic mistake it was to elect him.