Barack Obama reached a new low in the Rasmussen Presidential daily tracking poll today and wall street reacted with its best day in several weeks. As Obama’s popularity continues to weaken with the public, investors are taking solace that this, the most radical of President’s may fail in his effort to transform America to a Eurotopian socialist state.
Obama’s progressive agenda supports class war through excessive taxation upon the very investors we require to move capital into the markets. Investors had lost confidence over the past few weeks as Obama teamed with his liberal minions in the House to push through the highest tax increase in the history of America in the form of cap and trade legislation under the guise of climate change.
With his political base weakening investors are gaining confidence that Obama will fail in his effort to push through another fiscal nightmare in the form of national health care reform. The failure of Obama’s stimulus package to stem unemployment and effect any positive change in the economy is effectively a confidence builder for investors, as it provides an emerging confidence that the Obama agenda may flame out before the end of 2009 and bolster the ability for centrists and moderates that believe in the free enterprise system to gain seats in the House and Senate in the 2010 elections.
The political class is today dominated by the Obama inspired leftists who possess a strong anti business sentiment. This sentiment has proved to be a death knell to investors and the business community. Businesses are relectant to invest cpital in a nation whose current economic and social policies resemble the socialist and totalitarian nations that advocated centrally planned economies in the twentieth century.
Barack Obama is a confirmed leftist whose policies belong in academia where they can be discussed and disseminated by those who should not and do not govern. Obama’ s anti business bias has been formed over years of being a product of a social orientation that provided him an excellent free liberal education at the finest schools in the country and additional years of being a community organizer and a member of the liberal political class that view business a as necessary evil.
Is it any wonder then that investors would find temporary solace as Obama’s agenda becomes increasingly less likely to transform America into the next member of the European Union. Ultimately, the markets will respond to economic data. However, the economic data will improve substantially providing investors have the confidence to put their capital to work.
WSJ Column: Obama Boring And Cold
Posted in Uncategorized, tagged Age of Austerity, Barack Obama, CEO, class war, commentary, congress, Democrats, economy, main street, politics, Progressive Fascism, recession, Republicans, stock market, wall street, White House on September 4, 2009| Leave a Comment »
Peggy Noonan in a column in the Wall Street Journal today in which she appropriately skewers the lack of experience by the Obama administration, writes about the youthful leadership in the administration and how it is untested by life experience. She makes two very keen observations about Barack Obama in particular, that we believe are spot on.
First, Ms. Noonan writes that Barack Obama is boring in a ” Faux Elegant ” manner as opposed to the solid boring of a President quietly attending to the details of governing. Rather she addresses the monotony of this President who always speaks with the same “sound, approach, logic, tone, modulation”. She is right.
This President, who has been more visible, due to his own apparrent desire to be in front of the camera, than any other President to date is boring. He has proved to be the Pontificator in Chief, prone to lecturing the electorate on what they need as Americans. His administration is on a quest to promote and expand the federal government as the great solution provider to the masses.
The President has roamed the globe and the nation since his inauguration reading from his teleprompter, apologizing for America’s contributions to the world when he is abroad and promoting domestic policies across the nation that are out of touch with the priorities of the majority of Americans in a consistent monotone that is wearing on the public. There is little emotion observed or evidenced when Obama is speaking.
This brings us to the second keen observation of Ms. Noonan’s column in the Journal. Barack Obama the President of cool is really the President of cold. She writes ” He is cold, like someone who is contained not because he’s disciplined and successfully restrains his emotions, but because there’s not that much to restrain”. Like her, we have and continue to question how the electorate will trust this President who tacks toward the intellectual in a nation that votes based on emotion.
Boring and cold are words not generally associated with great leaders. I have no doubt that this President thinks daily about greatness and his legacy. His campaign was carefully choreographed to promote greatness and seduce the American psyche to the exclusion of experience. He has failed since assuming office to expand the political capital that swept him into office amid slogans of hope and change.
America was bruised and battered by war and recession when President Obama was elected in 2008. The “inspiring” campaign and promise of hope and change that catapulted an inexperienced first term Senator from Illinois to the White House has fallen flat during the fist 200 days of this Presidency. Obama’s progressive policies and message are falling on deaf ears as the public tunes out a message from a President who lacks the experience to understand he must warm to the American public and align with the center that now finds him cold and boring.
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