Three Rather Sad Choices for Americans

Watching Obama for his famous hundred days of crypto-nationalization of large swaths of the economy, the great apology tour, the amateurish indecision, the wholly unjustified arrogance, the nasty streak that slips out periodically, the foolish cabinet choices, the abdication of executive power to a corrupt and incompetent Congressional leadership,the bowing and scraping to the inbred barbarian king of the Saudis, the smiling acquiesence to a lecture by the murdering rapist Daniel Ortega (a man who fouls the air today only because of Ronald Reagan's misplaced mercy), one is left with three sad conclusions. The facts being what they are, and televised for all who have eyes to see and the critical faculties to think, Obama is either:

1. Stupid.
2. Incompetent.
3. Actively trying to destroy his own country, and with it, what remains of Western civilization.

Sad.

The Markets Vote on Obama (3)

In the continuing referendum on the prospects of the American economy under an Obama/Pelosi/Reid regime, the Dow has taken out 8000. It also promises to be an ugly day in Europe and Asia. Make no mistake, there was no market failure here. A combination of social engineering regulation from the Democrat Congress and George Bush's massive entitlements expansion introduced market distortions that brought us to this point. The markets from New York to London to Hong Kong to Sydney are now predicting more of the same and worse. Obama's Clinton holdover cabinet, the Congress of Clowns and his own rank ignorance of what makes an economy function all point to a very painful decade.

As a sign of what's to be expected, 90 year old corruptocrat Robert Byrd is replaced by 84 year old corruptocrat Daniel Inouye as head of the Senate Appropriations Committee. These quotes from The Hill say it all:

Rather than give big speeches on the Senate floor or in committee hearings like his predecessor, the senior Hawaiian senator will strike a lot more deals in the backrooms.

Well that's a relief.

Many insiders regard him as a team player, often doing what the Democratic leadership wants but not shying away from telling his superiors to do what he thinks is right.

I feel much better now.

Inouye will hold the gavel of the powerful committee without his friend, whom he calls “brother.” Stevens was convicted on corruption charges and his reelection to his Senate seat is in doubt.

God help us.

Once is an Accident, Twice is a Coincidence. Three Times Looks Like ...

Carelessness? Closer to stupidity, I'd say. Is there a major country anywhere run by such a collection of clowns, crooks,and losers as is the United States? The House passes the Soviet Economy Emulation Act of 2008 and the market, which had been up nearly 4 per cent, promptly tanks. In the words of the Financial Times:

Reaction on Wall Street turned increasingly negative after the vote. The S&P 500 – which rose as much as 3.6 per cent ahead of the decision – fell 1.4 per cent, closing below its level on Monday after the House voted against the bill.