Saturday, November 22, 2008

The movers and shakers of the world see Obama and are shaking.

President Elect Obama continues to subconsciously undermine the economy.

"The great difference between those who succeed and those who fail does not consist in the amount of work done by each but in the amount of intelligent work. Many of those who fail most ignominiously do enough to achieve grand success but they labor haphazardly at whatever they are assigned, building up with one hand to tear down with the other. They do not grasp circumstances and change them into opportunities. They have no faculty for turning honest defeats into telling victories. With ability enough and ample time, the major ingredients of success, they are forever throwing back and forth an empty shuttle and the real web of their life is never woven."

Og Mandino

Wake up!Americans are beginning to see what Obama has been doing. He is like a new misguided purchaser of a restaurant who is so ambitious, so calculating, and so confused that subconsciously he thinks he has to make the restaurant a shambles before the deal closes so that he can say how bad it was before he became the new manager. So each night he goes the current owner’s restaurant and yells fire, fire. Someone accidentally knocks over a candle and again Obama yells fire, fire… and this time he is telling the truth. But then he says, "I am not the manager yet so I can’t help you." "The restaurant is facing an extreme crisis of historic proportions!" So people panic and Obama secretly hopes the restaurant will only smolder with soaring loses and unemployed workers until the deal closes so he can mock the previous owner and claim he, Obama, raised the restaurant from its ashes. Unfortunately Obama still does not realize the panic he started that knocked over the candle may do extreme damage and could possibly burn the restaurant down before he takes over. And historians may actually one day point out that Obama's irresponsible behavior and unbridled voice of economic death probably is the cause.Americans are not oblivious to such calculated negativity.

Prior to this election it was pointed out that in previous elections of a Democrat after a two term Republican... the stock market surged. This year instead, the day of the 2008 election when the polls showed that McCain could beat Obama, the market soared but since Obama won, the market has nose dived. It is evident that investors and worker pension fund managers think the Obama administration is an economic death star and people fear that tyrants historically liked to talk down their countries into economic chaos before they took over. It would be so easy for Obama to overcome this world wide fear of Obama. Sure world socialists, terrorists, potheads, and communists overwealmingly preferred Obama to McCain but the recent Obama induced drop in the value of all free markets has been international in scope. Barely more than half of American voters chose Obama. The movers and shakers of the world see Obama and are shaking... with fear.

President-elect Obama provided some encouragement for markets when he announced that his replacement for retiring Treasury Secretary Paulson would be New York Fed president Timothy Geither. That was credited with producing yesterday's big snap-back rally. Geither is a free market thinker and that is encouraging. Now President-elect Obama needs to start talking up the economy and produce a few working free market capitalistic ideas. Even Red China’s President HU Jintao knows how to do that.

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