Right Wing Won't Leave Obama Alone

I can't believe the right-wing media. Now they're blaming all the stock market drop since the inauguration on Obama, as if the financial situation just happened when he took office. ..and the whining about more taxes for the rich, give it up already - it's not enough extra to worry about in the light of everything else going on, or "no one cares about the tax problems of the wealthy anymore (if we ever did)."

First of all, any new remedies take time - he's been there, what, 45 days?

Second: the stock market and its prices are manipulated daily by collusion and hardly represents any kind of reality. It's the reality created by hedge and mutual fund managers and day traders. They think they can affect economic policy with daily market gyrations.

Third: we just gave these clowns a chance and look what happened. Unregulated capitalism = volunteered slavery. We may as well just send corporations our paychecks and let them volunteer how much taxes they'll allow the feds to have, they run things anyway - and once again: look at the result.

They wave the S word (socialism) like a new scarlet letter (see Hawthorne, you illiterates!) when the new bad one should be the C word. Something must be better than this, look at Denmark: 60% taxes, but then the feds provide everything expensive and even pay for social clubs, so 80% of the population are members, the same percentage that goes to church. Apparently 20% of the population are hermits (likely writers and artists) off alone somewhere. And they were found the be the "happiest country" after a 10 yr study. Need a heart transplant? It's free..

This certainly isn't Obama's creation, and the falling market isn't either; it had already been destroyed and will take a minor miracle to reverse at this point. The traders will stop whining, forget about 10% more taxes on what's basically free money anyway (well, you pay in stress) and realize there's more room on the upside at this point. It's just a manipulated numbers game anyway, not connected to any reality but its own.

See the real way the market works in the "Buying stocks doesn't drive the price up" post, based on a 10-yr study of the 1987 crash.

"Don't you be calling me the C word!"