As Yogi Berra would say: When you come to a fork in the road, you take it. Well President elect BO has come to a fork in the road.
Obama campaigned on a promise to redistribute the wealth. Obama campaign promises amount to a war on investment. Well now the markets are melting down, and Obama professes an urgent need to address the problem.
Obama needs people to invest in Wall Street. Yet sane people won’t put their money in Wall Street if Obama remains committed to taking their money away. Why put your money at risk, if the Obama administration is committed to taking away any profits you might earn.
Obama campaigned on redistribution, and now his sees the need to restore confidence on Wall Street. This is the fork for Obama. He can either travel down the Fairness Highway, redistribution, or he can travel the road to creating investor confidence and rebuilding our economy. Obama can one or the other. He can not do both.
Obama is a committed Marxist and the only product Marxist economies have ever been able to generate in surplus is near universal grind poverty. See the former Soviet Union. See Cuba.
During the administration of Bush 43, the democrats liked to say that dissent was patriotic. Well it is time for brave democrats in both the media and Congress to stand-up to the One and tell the Messiah he is wrong. The investor class is not the nation’s enemy. They are our essential partners. We can not kill the investor class without killing our own economy. Democrats stand up to Obama. The country you save is ours.
Mrs. Clinton, I mean you. As Wall Street melts down, so does the New York State economy. You claim to represent New York. Do so now.
Tags: BO, Cuba, Mrs. Clinton, new york, Wall Street, Yogi Berra
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November 8th, 2008 at 9:13
“He can either travel down the Fairness Highway, redistribution, or he can travel the road to creating investor confidence and rebuilding our economy. Obama can one or the other. He can not do both.”
A fact he would have been able to anticipate, had he ever accomplished anything before getting elected president.
Dilemmas like this are why I’m comfortable sitting out politics for at least the next couple of years. No matter what Obama does, he’s going to piss off a huge segment of his electorate. People forgot that some concepts are utterly incompatible with one another, and they weren’t willing to listen when a bunch of (ugh) Republicans tried to remind them.
No lesson is learned so well, as one learned the hard way.
November 8th, 2008 at 11:23
Of course, the problem then becomes, does he drag the rest of us down with him?
November 8th, 2008 at 14:59
Mrs. Clinton has billed herself as both ready and willing to lead. Well I for one doubt her bona fides. Yet she seems the only one in a position of power who might be able to do something. The opportunity is there. Mrs. Clinton needs to avail herself.
Who knows, 2012 might be the first nation wide cat fight. Some debates.
November 9th, 2008 at 12:38
“Of course, the problem then becomes, does he drag the rest of us down with him?”
He can’t, in any way that matters — so long as we don’t buy into his scam.
November 10th, 2008 at 12:44
I wonder about that.
See, I’m looking at the effect he’ll have on the monetary system. I sometimes wonder if I’d not be better off dragging the camper up to Montana somewhere for the duration. At the least, it’d be safer.
My heart tells me we’re in for a rough ride with this guy, buy in, or no.