Thursday, August 4, 2011

NYSE is not NICE

The NYSE closed down at -512.76 and job growth is as anemic as a vampire victim. Obama has no growth plan and even CNN is pointing this out, which is really amazing since they have done everything but shined his shoes since he took office. Well, okay, that would be MSNBC, but CNN does go to the extent of generally overlooking his lack of leadership (which more and more people are referring to as "leading from behind"), and they seem perturbed that he is not being a real leader. The question is, does Obama have a grand plan--let's call it a political jihad--in which he wants the economy to fail in order to push forth his socialist agenda? It certainly is possible.

For political socialism to take root, the economy has to fail, particularly the large corporate structure so that the government can step in (a la GM and Wall Street), and bail them out; and in the case of GM, to take them over. Have you noticed, however, that whenever big government tries to play at business management, they invariably fail? This is due to the lack of incentives created by competition between like companies. It's really quite simple but the American public always gets amnesia when it comes to the outcome of socialist or communist regimes. 

So if the grand jihad is to put the economy in the dumper, Obama is laughing behind our backs. Kind of like he must have laughed when he used non-union workers to handle his fund-raising birthday party. My theory is that he doesn't really have a birthday--he is not human but a creation of a Bilderberg-like secret society, probably religious in nature, probably not the least bit similar to western culture. 

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