Re: Stock market (DJIA) now HIGHER than close on Inaugeration Day!
- From: "Irish Mike" <mjostar@xxxxxxxxxxxxx>
- Date: Sun, 5 Apr 2009 02:46:14 -0400
<BeaForoni@xxxxxxx> wrote in message
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On Apr 2, 1:45 pm, "Irish Mike" <mjos...@xxxxxxxxxxxxx> wrote:
"Teller" <tel...@xxxxxxxxxxx> wrote in message
news:gr360o$ikn$1@xxxxxxxxxxxxxxxxxxxxxx
He was handed a runaway train heading downhill and has managed to turn
it
around in less than 100 days.
Thank you, President Obama. A grateful nation appreciates your hard work
(except for the traitorous Repugs and their lackeys).
Obama just stopped the train long enough to grease the tracks and destroy
the brakes. The real problem will come in the form of the $ 9 trillion
deficit America will be saddled with to pay for his lunatic socialist
spending. Reagan cut taxes across the board, encouraged private sector
growth, focused spending on things that actually helped the economy and
created new jobs. Reagan pulled the country out of a recession, stimulated
the economy and created 35 million jobs. Obama chose the idiotic strategy
of raising taxes on businesses in the middle of a recession, declaring war
on the private sector, growing the federal government and focused on
spending $ trillions in borrowed tax payer money on pork barrel spending
and
to push his left wing socialist agenda. If he meets his objective he will
have "saved or created 3 million jobs" at the cost of a $9 trillion dollar
deficit.
Irish Mike
You know America spent nearly $15 trillion on atomic weapons. 15
trillion that was spent on things never to be used. Money spent that
never added to our economy. Money spent that didn't add a cent to our
GDP.
This time all those trillions will be spent for infrastructure. The
money will be spent to make America more competitive, more productive
and less dependent on foriegn goverments.
You are the one who blathers about "religion of peace", so put your
money where your mouth is and explain why you think it is wrong to
turn swords into plows.
First, I doubt America has spend $15 trillion dollars on atomic weapons
alone. Second, even if they have, atomic weapons are the ultimate end-game.
You lose that one and nothing else matters. Third, the whole idea of atomic
weapons, as a deterrent, is that you don't have to use them. Are you
seriously complaining because they haven't been used?
Little of Obama's $ trillions in pork barrel spending will actually go to
create private sector jobs or benefit the economy in the short term. Obama
chose to ignore the proven success of Reagan's example and the budget that
has been proposed by Republicans in the congress and senate. The Republican
budget proposal is based on cutting taxes, simplifying tax laws and
regulations (which would save billions), cutting government spending and
focusing the money that is spent on things that will immediately help the
economy and create private sector jobs. Instead, Obama has decided to try
and spend his way out of a recession with trillions of dollars in borrowed
tax payer money, increasing the size and scope of the federal government on
a massive scale and pushing through his left wing socialist agenda while
raising taxes on businesses, corporations and large private investors. I
think it's an insane approach and so do many economists and business
leaders. Yes, we will get some short-term bear market rally but eventually
the bill for Obama's irresponsible spending spree will have to be paid. And
that will result in a $9 trillion dollar deficit, rampant inflation, higher
unemployment and an economy that will be crippled for years to come.
Irish Mike
.
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