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[its_kafka]

The Dow has dropped another 250 points today.  More wealth destruction.  The investor class is taking it in the nuts big time.  The Obama presidency has been an utter disaster for the market.  We're back to 1997 levels now.  Obama's spend, cut and tax plans are nothing more than thinly disguised socialist policy implementation.  The President now

Comments

[atlasimpure]

/snirk, your bias is showing.

[its_kafka]

I'm biased against wealth destruction. The Left seem to have a penchant for it.

[atlasimpure]

Cause they've been driving the bus the whole time?

[its_kafka]

They've had the majority since 11/2006. The curren meltdown started 9/08 and lost something like 17% of its value up until the election. We;ve lost another 20% since the election. This is because the market votes everyday and they don't like what they see. TARP, while debatable as to its merit as it was originally sold, has turned into the typical DC monstrosity of throwing good money after bad under Geithner. Obama's mortgage rescue plan is wealth redistribution by another name. The stimulus package is a joke. There's no substantial ROI there unless you think bigger government is a valuable return on investment. And the Prez has made it clear they want more, more, more! We have to continue to bail out the failed auto companies who should have been left to wither on the vine years ago and spend more to nationalize healthcare. To pay for this, taxes will need to be increased. This is a proven drag on the economy and this is why investors look to the future and think to themselves that they can't make a profit by investing in