Monday, August 08, 2011


nO confidence

It's worse now, actually.

Buyers on strike, they're saying on CNBC (Gee, I wonder why)

Remember Obama in the spring of 2009
On March 3, President Obama said something remarkably stupid, wrong and politically tone-deaf. Our Obama-loving media either ignored it – or actually quoted it without comment. He claimed “The stock market is sort of like a tracking poll in politics. It bobs up and down day to day and if you spend all your time worrying about that, then you're probably going to get the long-term strategy wrong.”
The Dow has now fallen more than 50 percent from its peak. Last month, it saw its biggest one-month drop since 1933. Grandpa’s retirement savings just half-vanished over the last few months, and the president is telling him it’s just a meaningless blip. This is not a poll – this is all about the American people’s economic future, or their present. The stock market is in its greatest free-fall since the Great Depression, and the President shrugs his shoulders.
You PC types who voted for this guy to feel good, ignoring his narcissism, dogmatic radicalism and inexperience, how do ya feel now

...Santelli on now. There aren't any answers. Deteriorating rate of growth, no solutions until the 2012 election...double dip likely

...Oh, but the president is going on a bus trip

Very heavy volume today on the market drop. 

More. Mark Steyn's new book. Cautionary tale, let's hope

And this: Attn Dick Durbin et al: Democrats ignore AAA countries' experience

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