Face It: There Is No Recovery & America May Have Finally Fallen
When the lunatic Marxist dictator of Venezuela, Hugo Chavez states:
Hey, Obama has just nationalized nothing more and nothing less than General Motors. Comrade Obama! Fidel, careful or we are going to end up to his right!
...that is the time that all Americans need to shake themselves out of their torpor and realize that what they knew as their country is being ripped out from under them.
As I write this, the Dow Jones Industrial Average is barely 100 points above dropping into the 7,000s again. What happened to the "quick V-shaped recovery"? Oh, about the same thing that happened to the claims that Lehman Brothers was a good money manager, Google AdSense was going to make every online hawker rich, and that Obama was not a Commie.
In fact, the "quick V-shaped recovery" can be placed right alongside the great lies, such as the one about the check being in the mail, and the one about promising not to... you know... in your mouth.
Are economists insane? Do they just look at a couple of days of prototypical textbook bear market rally and announce that happy days are here again, and we could all go back to merrily investing in Madoff's funds and using our home mortgages as ATMs since the price of our houses was going to go up and up and up and up forever?
Just in case you too have been sucked in by the Dyson "DC17 Animal" Vacuum Cleaner of baseless economic expectation, allow me to splash a big bucket of ice water over your head.
There is no recovery. There is not going to be any recovery for at least two years and maybe not even then. The overall trend for well over a year now has been down down down and there is absolutely no hope in sight. The Dow Jones Industrial Average will in not too many months from now be retesting its 6,500 lows and when it plunges past that floor may the heavens help us all.
On December 23, 2008, WTI crude oil spot price fell to US$30.28 a barrel down from July 11, 2008 when oil prices rose to a new record of $147.27. Merry Christmas! I regret that Santa Claus didn't bring me any petroleum stock in my stocking but today's price in the $50s is likely where petroleum is going to stagnate right through the rest of the year. That's still a healthy profit in the last six months, but still I wouldn't be caught dead buying oil stocks today.
Actually, I wouldn't be caught dead buying any stocks today.
Dandy Don Meredith was fond of singing "Turn out the lights, the party's over" near the end of Monday Night Football games. Dandy Don is retired now, but I'm sure that he would pipe up with his familiar tune again if he were commenting on the economy. The world's financial structures are going 90 mph down a dead end street and only a major miracle of the kind where the heavens open and a golden figure sets down on Earth is going to stop it.
Our economy is headed in exactly the same direction that every other Socialist - Communist - Marxist state-run economy ever has. Into the dumpster. We have indebted our children and their children to the tune of half a million dollars each to pay for our utter stupidity, and we still don't have a functioning auto sector, financial sector, or health sector.
When Americans were sleeping the Commies took over the country without firing a shot. It was even stated in exactly those terms by Canadian Member of Parliament Pat Martin last month when discussing the massive state takeover of General Motors, which leaves the US government as its majority owner, with Canadian taxpayers having a 12 per cent stake. MP Martin stated in the Canadian Parliament:
When I announce that I am a socialist, I guess it is no surprise because we are all socialists now. We just bought General Motors … The fact is that we now have Marxism realized. We own the means of production and we did not have to fire a single shot. It is really quite phenomenal what went on today.
I hold the total slack-jawed idiocy of the GOP responsible in allowing this unmitigated disaster to befall America. By putting up a completely unelectable ticket of a tired old fart and an ignorant lunatic woman they effectively surrendered the country before the first poll. They couldn't have won if the Democrats had put up Rod and Patti Blagojevich.
America is now a nation of celebrity watchers and Obama shrewdly offered the people exactly what they wanted, a politically correct black man who wasn't "too black a la Jesse Jackson" and who used his gift of sparkling oratory to mesmerize the voters into completely ignoring the fact that his platform was a noxious chimera: nothing more than a Trojan Horse which disgorged its Communist Shock Troops once it was rolled onto the White House lawn.
Obama masterfully mirrored the Chavez election ploy to present himself as a populist and tut-tut any accusations of Marxism until his hand was off the Bible on Inauguration Day and America found itself in every imaginable way under Communist Occupation. Obama's ploy was demonic and brilliant, and it worked better than any wild-eyed science fiction writer could ever have imagined.
Just read some of the comments on my previous Obama Marxism Hubs and you will see some notable Hubbers with a long history of level-headedness go into paroxysms of indignation at the slightest hint of a charge that their darling President is anything but a benevolent centrist. That is the dazzling, hypnotic effect that Obama has had on the American people. He is so damn likeable, human, witty, intellectual, and seemingly in control that he could send half the country's children to a gulag and his approval ratings would still be inconceivably stellar.
There is no doubt whatsoever that Obama's election has sounded the death knell for anything that we have ever known as the United States of America, and whatever surfaces after four, eight years or more (remember... Commie leaders always try to change their Constitutions to stay on for life... watch out for that initiative...) will certainly not be recognizeable as the nation which was the world's bulwark of freedom, liberty, equality and democracy for centuries.
Pray for the soul of America and that the Good Lord will deliver her people from the greatest trial in their history. I do, every single night.
I could overflow HubPages servers just in listing the plethora of purely Marxist policies of the Obama Administration, and just some of them are listed in the links below. And new ones pop up every day... the support of the ousted Marxist leader in Honduras... the tacit approval of the crooked Iranian election results... the provision that health care will be extended universally whether or not the individual pays an insurance premium... need we go on?
If there is anyone out there who has a functioning frontal lobe, and can justify the actions of this Administration as anything but 100% Anti-American in every possible definition of the term I look forward to hearing from you in the Comments section.
Remember... profane and abusive comments will be deleted and I'm a Canadian, so put your "partisan gun" back in the holster, pardner.
Read All About Obama's American Communism
How Obama's Undeniably Marxist Communist Policies Threaten America
Top 20 Events Which Prove Obama Is A Marxist Communist
Top 7 Marxist Communist Policies Being Implemented By Obama Today
Touring The United Socialist States Of America's Capital
How To Nationalize GM, Ripoff Investors, Gift It To The Unions & Deny It's Communism
Why State Capitalism Is A Socialism America Cannot Afford
What If... Obama Is Really Going To Destroy America?
How The Socialist States Of America Fell Off The Wagoner
Why Does Socialism Always Fail?
Give Me $12,667: However, I Won't Tell You How I Spend It - The Fed
What Will The $3.6 Trillion Obama Budget Buy You?
Merry Christmas 2009! The Deficit Now Equals The Cost Of All US Houses!