With good reason, many individuals from various walks of life are second guessing casting their vote for Barack Obama, who essentially has created war against small business and the investor class; prosperity for that matter.
A famous voice on Wall Street and Obama supporter, CNBC's Jim Cramer, made a plea on his nightly show Mad Money for Obama to change course on his economic policies before it is too late. Take a listen:
Over at NBC News, where the love fest with Obama continues daily as the stock price of their parent company, General Electric (GE:NYSE), continues to cliff dive, correspondent Tom Costello, a former CNBC reporter himself, fires some questions at Obama Press Secretary Robert Gibbs, who is fresh off an altercation with CNBC reporter Rick Santelli, and Gibbs continues his assault on CNBC, and thus us, the investor class: Listen up:
The destruction of wealth since Obama's election has been beyond alarming. Considering the uncertainty he is imposing on the market through seemingly daily and erratic governmental interaction and regulation and his astounding lack of economic knowledge, particularly with respect to role capital investment plays in providing the fuel needed to ignite and engage the expansion of economic progress, it is easy to see why Wall Street is in full scale retreat.
As Cramer accurately points out, "Hey it's amateur hour at our darkest moment." Make no mistake, Wall Street is Main Street. If you aim to destroy Wall Street, the collateral damage will be no doubt found on Main Street. Look around!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment