You Took the Words Right Out of my Mouth.

Just as I was sitting here over my second cup of coffee thinking how much Reid, Frank and Pelosi reminded me of Moe, Curly and Larry, the Jawa Report beats me to the metaphor. He has Schumer instead of Frank, but Chuckie makes a perfect Shemp.

These fools (and I mean that literally) will drive us all into poverty and then retire on their iron-clad, government guaranteed, inflation indexed pensions. I hope everyone who voted for Odumbo and the Corrupticrats takes a good long look around them...and then Google East Germany or 1970's Britain for a glimpse of your future.

Why isn't Barney Frank being ridden out of town on a rail for his insolent incompetence and his rank stupidity?

Why isn't Chris Dodd getting ready to shank Ted Stevens for the top bunk at Lorton?

The Markets Vote (continued)

Markets aren't moved by vacuous words about hopeful audaciousness or audacious change, or hopefulness we can believe in. Markets are moved by tens of billions of individual decisions based on a hard look at a personal bottom line. The global markets have a held a two day referendum on an Obama administration and the results are in. Obo won and everybody else lost. Another 5% off the Dow was reflected by diving markets from London to Hong Kong. What are they pricing in? They're pricing in not just a full scale assault on the American economy by the Obama/Reid/Pelosi/Schumer/Rangel/Waxman economic know-nothings, they're pricing in the fact that Russia felt confident enough the day after the election to move missiles to the Polish border. They're pricing in the fact that the makers of global chaos have taken Obo's measure and decided, "Here is a man we can roll." They're pricing in the protectionism and statism that the Obo Administration will bring in. They're pricing in the fact a man who preached change has just brought in a sleazy Chicago political fixer to run his White House. The markets have voted no confidence. Welcome to the Nixon/Carter years.

The Markets Vote

The Dow has dropped 486 points as the markets begin to price in the reality, as opposed to the prospect, of an Obama/Reid/Pelosi assault on the economy.

Pricing Socialism Into the Markets.

Post Hoc, Ergo Propter Hoc. To assume that because B follows A that A therefore caused B is a logical fallacy. But logic does not of rule out a causal relationship between A and B, only that such a a relationship must be demonstrated and not assumed.

Is anyone out there asking whether the markets are tanking not in spite of the efforts of various governments, but because of those efforts? Is it not possible, likely even, that the markets are pricing in the dead weight of government "oversight"? Is it not possible, likely even, that the financial markets, which represent the sum of tens of billions of individual self-interested decisions, are voting no-confidence in the ability of governments to "manage" the economy? Is it not possible that the market has weighed and counted the real costs of relying on the goodwill and competence of the State and reacted accordingly? Mene, mene, tekel upharsin.

Just asking.

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.

As I said....

Senate votes to nationalize the banking system with a pork-laden,corrupt monstrosity and the market promptly plunges nearly 400 points.

Who'd Have thought?

The Nixon, er Bush, administration attempts to extend government control of the economy to European levels, and the markets tank. The House of Representatives then refuses to Sovietize the entire US financial system, and the markets recover 500 points. Extra points for connecting the dots.