Thoughts About Obama’s Second Day On The Job
So day two, not even on the job yet, and what happens?
The DOW drops again, almost as much as it did yesterday. It’s also worth noting that this has ushered in the largest stock sell off after a presidential election in the history of the stock market. This is not just investors and mutual fund companies selling stock folks… this means that businesses are starting to selling stock.
What does this mean? Well, looks like business America doesn’t have faith in its ability to pay all the promised tax increases that await them, and their trying to get what ever profit they have left out while they still can. If/When this socialistic tax system comes into full swing and these companies not only loose their tax breaks, but get their taxes increased… they are going to start costs. That means cutting research, development, and most importantly… jobs. This is most likely why Reuters said yesterday that we’re potentially looking at massive layoffs during 2009.
Looks like an international crisis (you know… the crisis’s that Presidential Elect Obama promised us) is starting to take shape. Russia ordered missile stations to be placed at the borders of some of our NATO allies. Cuban Missile Crisis? Anyone remember that? From the source:
President Medvedev ordered missiles to be stationed up against Nato’s borders yesterday to counter American plans to build a missile defence shield.
Speaking within hours of Barack Obama’s election, Mr Medvedev announced that Russia would base Iskander missiles in its Baltic exclave of Kaliningrad – the former German city – next to the border with Poland.
He did not say whether the short-range missiles would carry nuclear warheads.
Taking advantage of the world’s attention on the US elections, Mr Medvedev also canceled plans to withdraw three intercontinental ballistic missile regiments from western Russia by 2010.
Final thought… the news is just now (after he’s been elected) starting to voice real concerns over a President Obama. Well jumping Jimmy Cricket on a pogo stick! If you guys maybe asked him a tough question or two maybe we wouldn’t be staring down a messy four years. Here is the transcript of a conversation between Charlie Rose and Tom Brokaw discussing how they don’t know about his foreign policy, or where he draws his inspiration from. Two issue you think would have come up before the election.
ROSE: I don’t know what Barack Obama’s worldview is.
BROKAW: No, I don’t, either.
ROSE: I don’t know how he really sees where China is.
BROKAW: We don’t know a lot about Barack Obama and the universe of his thinking about foreign policy.
ROSE: I don’t really know. And do we know anything about the people who are advising him?
BROKAW: Yeah, it’s an interesting question.
ROSE: He is principally known through his autobiography and through very aspirational (sic) speeches.
BROKAW: Two of them! I don’t know what books he’s read.
ROSE: What do we know about the heroes of Barack Obama?
BROKAW: There’s a lot about him we don’t know.
America Voted for a whole lot of change two days ago… and I really think she’s going to see it.
For the Conservative Underground, here is your motivation for the day:




