Posts Tagged ‘obama’

Mr. Hope and Change, meet Mr. Reality

Posted: March 4, 2009 by datechguy in opinion/news
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Powerline hits the ball out of the park today with The Sobering voice of Mr. Market:

In the first month of Obama’s presidency, the reality principle has asserted itself most notably in the stock market. The stock market certainly pays close attention to a president’s words, but it doesn’t swoon over a president’s soothing style. Rather, it evaluates the president’s words for their likely impact on a given company’s future earnings.

Meet Mr. Market a tangible piece of reality that is reported on daily:

Since it became apparent that Barack Obama would be elected president at the end of September 2008, the stock market has steadily declined. Two weeks afer Obama’s election, Thomas Lifson first charted “The Obama market.” The decline has continued over the past three months. The stock market has dropped 25 percent since election day, but the Obama effect could be observed before then.

Back on November 20th Doug Ross talked about the wisdom of crowds and intrade. And noted that the stock market started his drop as soon as intrade broke for Obama in September.

Tom Lifson on the day my company tanked said the following:

By late September it was increasingly clear to Intrade.com bettors that Obama was going to win the election. From 9/28 to 9/29 Obama’s Intrade price went from 57 to 61, which represented a huge jump.

081120-intrade-sept

Note what happened to the stock market at nearly the exact same time. Around September 29th the market began its collapse.

081120-dow-3mo

His closing line is a stake in the heart:

What happens after Election Day speaks for itself.

Take a look at the charts. I’ll give powerline the last word:

this is certainly a rich text. Most notably, as Bill Kristol observes, “the stock market isn’t gyrating, or bobbing up and down. It’s dropping.”

The sobering voice of Mr. Market is saying that the Obama administration and its allies in Congress have done nothing to brighten the prospects of companies struggling to make a go of it in the private sector. On the contrary, they have dimmed the prospects of these companies. The dimming can be measured in the vast destruction of wealth in the stock market.

Reality is a harsh mistress.

If you are not Catholic you might not get this…

Posted: March 4, 2009 by datechguy in catholic
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…but if you want to see a bunch of people decide to throw their souls away during lent, this is the way to do it:

pro-lifers hoped that the Obama Pro-Lifers might really oppose Obama’s pro-abortion policies. They dreamed that Doug Kmiec might actually do some good, by using Obama’s listening ear by convincing him to moderate his extremist abortion agenda.

This was sort of like figuring that China was going to be nicer if they got the Olympics or Buckley and Brooks assuring us the president is a moderate. Guess what:

The Obama Pro-Lifers’ letter has smashed any such hopes. They have declared full-scale war against Catholic and evangelical pro-life political activity. In its place they seek elevate themselves as the arbiters of their own Vichy Catholicism and liberal Christianity, which actually supports the specific goals of an abortion-loving government regime.

Doug Kmiec’s group is as much “Catholics United” as North Korea is a “Democratic People’s Republic”.

As they claim to be active Catholics and some are theologians they must know the three requirements for Mortal Sin. Grave Matter (Abortion), Understanding (They claim knowledge and faith), and Conscious decision (They put their names on the letter).

Hey I’m a sinner and I’m going to need to hit confession today myself in that spirit might I suggest that these people take advantage of the same sacrament. They have the rest of their lives to do it.

After that they’re on their own.

Speaking of leading…

Posted: March 3, 2009 by datechguy in opinion/news
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…when it comes to wasteful spending McCain is certainly a leader:

“If it seems like I’m angry, it’s because I am,” McCain said, taking the White House to task for treating the bill as leftover business — and not subject to the full measure of earmark reform promised by candidate Obama.

“Last year’s business?” McCain asked, incredulous. “The president will sign this appropriations bill into law. It is the president’s business. It is the president of the United States’ business. It is the president of the United States’ business to do what he said — stated — when we were in debate seeking the support of the American people — where he said he would work to eliminate earmarks.”

“We need earmark reform and when I’m president, I will go line by line to make sure we’re not spending money unwisely,” McCain said, reading back Obama’s words at a debate last fall. “That’s the quote, the promise of the president of the United States made to the American people in a debate with me in Oxford, Miss. So what is brought to the floor today — 9,000 earmarks.…So much for change.”

He is exactly right and the media’s “rehabilitation” of McCain post election assures that his objections will be covered. Where was this voice during the campaign.

Four legs good two legs better

Posted: March 2, 2009 by datechguy in opinion/news
Tags: , , ,

I guess the Obama administration has painted the side of the barn again and Dissenting Justice has the temerity to notice:

Today, the Obama administration responded to criticism surrounding the earmarks and to demands that he veto the budget unless Congress deletes them. Peter Orszag, the White House Budget Director says that the President will not cause a standoff over earmarks because the anti-earmark movement is now a relic of the past: “This is last year’s business . . . We just need to move on.” White House Chief of Staff Rahm Emanuel (who sponsored several earmarks in the proposed budget) echoed Orszag’s statement that the earmark controversy is “last year’s” issue.

Well the Napoleon Obama administration is only two months old it has proven itself truly Orwellian. I expect to see a lot more of this over the next four years.

The Anchoress’ post missing President Bush is looking better and better.

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