The election of a socialist President and a socialist Congress notwithstanding, the American people always make the right decision when they have correct information. The takeover of Congress and the White House by the socialist wing of the Democratic Party is the result of over forty years of relentless propaganda by the left especially focused, during the past eight years, on the administration of George W. Bush.
The people who make this country work are busy pursuing their own avenues in “pursuit of happiness” (prosperity) and for the most part, depend on the mainstream media for their information about what is going on in America. In spite of the media’s love affair with President Obama and its continuing efforts to prop up support for his policies, it is difficult to fool the American people for extended periods of time. As more and more people begin to feel the effects of socialist policies on their personal economic wellbeing they are starting to pay more attention to what is going on in Washington.
When it comes to the economy, the experts who understand how it really works are not found in the halls of academia, or walking the halls on Capitol Hill. The real experts are those whose fortunes, and indeed their livelihood, depends on rightly reading and predicting the economic health of the country. These people have given a resounding “NO!” to the policies of President Obama, his financial advisers and Congress.
The performance of the stock markets since the election of Obama in November represent the collective wisdom of these economic experts, whose responsibility it is to invest their own money or the money of those they represent in the future of the U.S. economy. They have weighed the proposals of the President and found them wanting. No amount of manipulation, threats, dire predictions, or empty promises on the part of politicians can persuade these experts who spend their entire wakening life studying the impact of current events and government policies on the economy, to bet their money on Obama’s socialist policies.
The reluctance of investors to risk their money in the stock market is not based on an unreasoning fear, but on over one hundred years of history. The policies being promulgated by Washington are not new. They have all been tried and failed by nations all over the world at some time during the past century. The failure of Roosevelt’s New Deal, the lost decade of Japan and the failure of socialist policies in the United Kingdom, France, Germany, Sweden and other showcases of socialist experimentation all show that socialism is detrimental to the economic welfare of a nation.
The $410 billion “supplemental” appropriations bill intended to run the government for the remainder of 2009 has stalled in Congress, but is scheduled to be brought up for a vote again early next week. The bill contains billions of dollars in “earmarks” (bribes) placed as amendments by both Republicans and Conservatives alike. Most Republicans are standing firm against passage along with some Democrats. However, it seems at this point the opposition is mostly for “show” to placate constituents in conservative districts. (NOTE: The Bill was passed and signed into law by President Obama, on Tuesday, March 11.)
My prediction is that the temptation of “bringing home the bacon” and shoring up support among contributors and uninformed voters will outweigh patriotism and the bill will pass with the necessary majority including a handful of Republicans. When it does, it is likely that the economic experts referred to above will take even more money out of the stock market, either in protest or in fear. That will just be another rebuke to the policies of Obama and his Democrat/socialist minions.