Wall Street to Obama: Your Economic Plan Sucks
President Obama could make speeches all day long on his economic rescue plans for this country but no one is buying it — especially Wall Street.
The market fell by another 300 points today, marking a disastrous 1,157 point decline since Obama was sworn in as President. That is a 15% downward slide. This represents the worst stock market performance of any new president in U.S. history.
President Obama and his trusty teleprompter - can't speak with out it. (AP Photo/Charles Dharapak)
The ‘experts’ and the left can keep blaming George Bush, but the market is speaking for the American people — WE HAVE NO CONFIDENCE IN BARACK OBAMA’S LEFT WING AGENDA.
Obama has stated that he’s going after both big and small corporations and their executive’s salaries. He’s going to restrict charitable donations and mortgage interest deductions. Anyone making over $200 K a year will be hit with higher taxes. Obama will also raise the salary cap on Social Security taxes and increase Capital Gain taxes.
President Obama will put in “Cap and Trade” — which will put punitive taxes on industry carbon dioxide emissions. These increased costs will be passed on to consumers in higher utility bills.
And don’t forget the massive spending that Obama has spearheaded, pushing the nation’s deficit to $1.9 trillion dollars — four times higher than it was in 2008.
Barack Obama’s agenda will increase unemployment, stop business expansion, create massive inflation and weaken the U.S. dollar.
President Obama, who sees himself as a combination of Lincoln, JFK and FDR will go down in history as a worse failure than Jimmy Carter.
“We have nothing to fear, but Obama himself.”
Posted: 1840PT 03/02/09
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