He's Barack -- We're Broke

So, here we are, going into month two of the Obama presidency and the Dow has now fallen below 7,000. It’s at 6809.17 as I type this. We haven’t seen these numbers since 1997. But at the White House, it's black tie and white wine, steak dinners and cocktail parties.

A week ago, Chris Matthews (the MSNBC liberal loon with the tingling leg for Obama), wondered aloud in a rare moment of Obama-doubt: “I thought 8,000 was the floor, and it looks like 6,000 is the floor. People are angry, I’m getting angry.”

And, there’s Treasury Secretary Tim Geithner – the so-called indispensible man who was presented to the public as the only one equipped to handle our economic crisis in spite of his "minor" problem with TurboTax. His performance has been less than reassuring. To the contrary, Geithner looks like a deer in the headlights -- the antithesis of confidence in a time when confidence and leadership are desperately needed. So much for the choices of our newly elected Community-Organizer-in-Chief.

How low will the Dow go? No one knows. I don’t know. But I do know that the market does not like the policies of this new president – no way, no how – and without confidence to give it direction, the market will continue to spiral downward. Personally, I can easily see Dow 5000. Whether it crashes there or reins itself in is anyone’s guess, but I can say with certainty that the U.S. economy is in shambles and the market sees no recovery on the horizon.

The president – the Anointed One -- seems wholly untroubled by any of this and is happily continuing on toward the creation of one world with a global “new deal” on his mind. The swiftness with which he is accruing and consolidating power is breathtaking, and sadly, most people don’t even realize what is happening. Impoverishing the people is only part of it. The underlying agenda is about power and change -- changing America into something freedom-loving people will not recognize and we most certainly will not like.

Some reporters are beginning to think it might be time to panic. Why now? It's not as if they weren't warned long ago by all of us lowly conservatives.

Obama is going to make the Carter years look like the best of times.

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The MUST READ: Larry Kudlow spells it out in no uncertain terms:

Obama Declares War on Investors, Entrepreneurs, Businesses, and More

Let me be very clear on the economics of President Obama’s State of the Union speech and his budget. He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.

[...]

Study after study over the past several decades has shown how countries that spend more produce less, while nations that tax less produce more. Obama is doing it wrong on both counts.

And as far as middle-class tax cuts are concerned, Obama’s cap-and-trade program will be a huge across-the-board tax increase on blue-collar workers, including unionized workers. Industrial production is plunging, but new carbon taxes will prevent production from ever recovering. While the country wants more fuel and power, cap-and-trade will deliver less.

Read it all here.

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What Will YOU Do When Freedom Dies?

I Am Dying -- Will You Help Me?