It’s official. Obama thinks you’re an idiot
Appearing in the Oval Office with the snake oil salesman for world government, British PM Gordon Brown, Obama fielded a question about the stock market. Stocks are starting to look like “potentially a good deal ? if you have a long-term perspective on it,” said Obama. “What I am looking for is not the day-to-day gyrations of the stock market? but the long-term.”
Mark Silva of the Baltimore Sun writes:
“The stock market is sort of like a tracking poll in politics,” said the president, whose own public job approval has been running at about two-thirds in the Gallup Poll’s daily tracking surveys. “It bobs up and down every day. ? If you spend your time worrying about that, you’re probably going to get the long-term strategy wrong.”
In other words, Obama would have you ignore the fact stocks are in free fall and looking for a bottom. He’d have you look out at the horizon, at the “long-term,” never mind the stock market (adjusted for inflation) has posted a consistent loss over the long haul since 1973. More recently, the economy Obama “inherited” from Bush ? as if these guys actually have any influence on the real economy ? is at a point now where nearly all of the gains in value achieved from 1995-2007 have been virtually wiped out after the figures are adjusted for inflation.
Since Obama won the election, the stock market has lost 2000 points. It dropped another 1000 points since he moved into the White House. The economy was sending a dire message of things to come by shrinking at an annual rate of 6.2% in the last quarter of 2008 in anticipation of the promised economic miracle of the New Savior.
But never mind, according to Obama “earning ratios are starting to get to the point where buying stocks is potentially a good deal, if you have a long-term perspective on it.”
In fact, the “long-term perspective” is dismal, to say the least. All we need to do is look at the math ? Bush’s $1.2 trillion deficit will be exacerbated by the $10 trillion Obama and Congress have piled on it. Actually, these numbers are modest. It will be far worse. Obama would have us believe this staggering debt is disconnected from the stock market and market confidence.
Here’s what Obama and his banker handlers don’t tell you ? the stock market is a huge scam designed to steal immeasurable wealth from little investors who are suckered into participating.
“Regrettably, the arrangements that exist to preserve the traditions and legalize the frauds of the security industry are inseparable from the general organization of a society controlled by the financial establishment, a society whose laws and principal customs have been contrived to serve the special interests of the financial community,” notes market critic Richard Ney.
Obama was put into office by Goldman Sachs, Citigroup, JPMorgan Chase, and Morgan Stanley (see this list of top contributors to his campaign) and has stacked his administration with bankster operatives from the Federal Reserve and the Council on Foreign Relations.
Obama, like a shell game huckster, does not want you to look at the “day-to-day gyrations” of the plummeting stock market. He wants you to run pell-mell into the bankster perfect storm designed to destroy the economy and usher in the new global economic serfdom.
In the days ahead, the Dow will slip below 5000 and will likely reach 4000. The S&P will fall between 300 and 400 and the NASDAQ below 500. “These are index levels around the pre-crash highs of 1987 and to look at the charts, if the market keels over in the next few days, this is where they are headed in a huge slump,” writes Clem Chambers for Forbes, not exactly a doom and gloom outlet.
But never mind. Pay no attention to that man behind the curtain.