The non-stimulating, Democrat-entrenchment, more-debt-than-you-can-imagine, massive-expansion-of-government, unprecedented-spending ‘stimulus’ package officially passed the Senate today (more details on that in a later post). So, how did the market react?
Awesome. Thank you, Democrats (and three RINOs)! You know, it’s becoming easier and easier to make the case that Democrats are ruining the American economy just by talking – every time they open their mouths about the economy and their proposals, the stock market anchors away.
But they’re not done yet. Believe it or not, Timothy Tax Cheat Geithner also unveiled the Obamessiah’s plan today for the next round of massive government expansion, and it’s the biggest one yet: another $1.5 trillion TARP II bailout of banks! At least, they think so…it might be bigger. His press conference was at 11am…look at the chart above one more time to see what happened at 11am. Coincidence? You decide. If this ‘stimulus’ package was so good for the economy, then why wasn’t it greeted with a rallying response from the markets? Between the non-stimulating ‘stimulus’ and the constant ‘next round’ of government expansions — within just the first month of full Democrat control! — are you now understanding just how rough the next two years are going to be? None of this is a surprise, though – conservatives have been warning of precisely these dangers since well before last November. Reap…sow… It’s time to start making the case for 2010 with those around you. You won’t be popular if you burst the hope-n-change Kool-Aid induced fog bubble of true Obots, but people who were simply suckered by the empty promises of the Obamessiah last November are fertile ground for fact-based persuasion. Get busy. There’s my two cents.