Alice in Wander Land – An Alternative View of Economic Reality

I generally try to back my arguments up with facts; however, I think facts are no longer necessary, as those on the left have proven. Facts simply confuse the issue. So, like a good conspiracy theorist, I will mix some truth with speculation to arrive at a conclusion that is really a premise: Obama is not our economic savior, he is our economic problem. So here goes! I encourage you to have some fun with this: it could be the last fun we have for a while.


If you listen to a business news channel, the talking heads assert that today’s market performance discounts the future. That is, today’s market results are driven by what investors perceive the future to hold. A brief scan of the attached Dow Jones Industrial Average chart shows that the market reached its peak in May 2008, just as the Democrats stumbled (perhaps the word should be “bumbled”) to the finish line endorsing Obama as their candidate for president. Shortly preceding this historic event, Obama had submitted the only piece of legislation that I know of that is in his name: The Global Poverty Act (S.2433). This bill proposes that the United States send 0.7% of GDP to the UN to fight global poverty. This was in addition to his campaign spending proposals amounting to an estimated $1.4 trillion dollars (which ironically is just about the cost of his stimulus “package” including interest).

Anticipating a competitive race, the markets started to “discount” the risk of an Obama future, starting in the June through September timeframe. Alas, when McCain dropped behind in September - October, the markets dropped precipitously and have remained at low levels. Ironically, on the day of his historic inauguration, the markets dropped 332 points, the worst inauguration day sell off in 113 years.


So what does this mean for our economy? According to my alternative view of economic reality, the market will only go down. For an administration that believes that you can only spend money and conserve energy to generate prosperity – economic principles that only Lewis Carroll could appreciate – but has NO experience to prove these theories, I think this will be the most expensive education Obama has every received – including his time at Harvard and Columbia. Unfortunately, you, your children, and their progeny will be paying for it, perhaps forever.