Latest Front Page Of The Drudge Report Makes Me Think That Obama Is A Financial Genius

Sorry, I meant socialist, economy destroying maniacal genius…

You’ve been stimulated!

Stocks hit 12 year low

CITI in pennies

ABC Radio owner Citadel Closes trading at 1 penny on NYSE

Fed refuses to release bank lending data

12 pct. are behind on mortgage or in foreclosure

FDIC insurance fund could be insolvent this year

GM running out of cash

Updated:

Add to yesterday’s Drudge headlines these as well:

Jobless rate 8.1%

Payrolls fall 651,000

Food stamp enrollment jumps to record 31.8 million

Obama bear market punishes investors as Dow tumbles 20%

Obama’s radicalism is killing the Dow

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4 Economic Laws

In this time of bailouts and “stimulus” packages an economic reminder from W. Cleon Skousen, author of The 5,000 Year Leap; Principles of Freedom 101, is clearly over due.

There are four laws of economic freedom which a nation must maintain if its people are to prosper at the maximum level.

  1. The freedom to try
  2. The freedom to buy
  3. The freedom to sell
  4. The freedom to fail

Simple yes?

Under the current administration three of the four of these freedoms will vanish if the administration continues on the course it is currently following.

Of the four, one will remain, and that will be the freedom to fail. However, it will no longer be mere freedom, the current course of things taken to its logical conclusion will make failure almost unavoidable which then will make success unachievable for most.

I frankly feel blessed of God to live in a nation where personal economic failure is a real possibility [rather than a likelihood], because it means economic success is also a very real possibility.

 

Dow Jones

Saw this link on the Drudge Report today.

The Dow since inauguration day.

Doesn’t look like America is buying the hope hype anymore.

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Stimulus Watchdog

A new non-partisan web site has been launched to track the newly signed Socialist stimulus plan.

On February 17, 2009 President Obama signed into law his Economic Recovery Package(Stimulus Package). The objective of this legislation as stated by Congressional Democratic Leaders and President Obama is to save or create 4 million jobs. Stimulus Watchdog will allow you to decide whether this single largest expansion of government in history achieves its objective.

The web site stated purpose is to:

shed light on the Economic Recovery & Reinvestment Act of 2009. Our effort is simple, to move beyond the spin to show you how this bill, the largest non-military spending appropriation in history, works.

The site notes it will have two permanent features a unemployment rate tracker and a statistical summary.

The site is Stimulus Watchdog

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Remind me to find some new screen capture program, this one sucks.