It's an OBAMA Economy Now

Well folks, the massive stimulus bill has passed with another one on the way along with more bank bailouts and mortgage handouts. The 2009 budget deficit has now doubled with huge deficits projected for the next few years and no end in sight. The market has tumbled significantly since Obama won the election. So we can now say it is an Obama economy. Seeing these looming deficits with higher taxes on the horizon, cap and trade fees that will significant increase the cost of energy (windmill anyone?), and no significant incentives for businesses through lower corporate or investment taxes, it is no wonder that the business community and its millions of stockholders see only doom and gloom.

It is evident to me that my impressions of Obama throughout the almost endless 2007-2008 campaign, were true. He considers capitalism his enemy (he said so in his book), even though it was capitalism that made him wealthy. (As a side note, isn't it ironic that most of his wealth was achieved within the Bush years)? My only surprise is that he has started his radical leftist agenda even faster than I would have thought. I think his objective is to shove all his radical ideas through so fast that no one has any chance to read the fine print, and he has a congress with a radical, almost maniacal, leadership and the votes to do it. How long can the press cover for this guy? Our only hope is that he and his liberal allies will over reach and the public will begin to see the light, or dark, as the case may be. We may be seeing some cracks already.