"As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.
Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth."
The Democrats are so busy consolidating their power and shoving their Big Government agenda down our throats, they are willing to send our weakened economy into an outright tailspin. What else can you conclude when in the midst of a serious recession, the President proposes to RAISE taxes. Not just on the "rich," through higher marginal tax rates, but on the ENTIRE American economy, through cap and trade. I'm sorry, I exaggerated - those parts of the economy that don't use fossil fuels for light, heat, transportation, or raw materials, or transact with businesses that do - will not be impacted.
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