The Dow sunk to its lowest point since 1997 yesterday, but President Obama says that’s a good thing if you’ve got some money to play around with on the stock market.

While answering questions from reporters today during a photo opportunity with British Prime Minister Gordon Brown, Obama took the opportunity to hand out some investment tips based on the old ‘buy low, sell high’ maxim: “What you’re now seeing is… profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it.”

There you have, it sound financial advice from a man who managed to double the nation’s debt in less than 6 weeks he has been in office.

The President conceded that he doesn’t get too upset over the “day-to-day gyrations of the stock market,” because he’s focused on “the long-term ability for the United States and the entire world economy to regain its footing.”

Comparing the market to political tracking polls, Obama told reporters, “You know, it bobs up and down day to day.”

Bobs up and down, he is kidding, right?

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Technorati Tags: bailout, Dow Jones, Government, Obama, sheeple, stock market, stock market loss, Unemployment

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Pay Up America!

Politicians are good at talking and saying one thing but actually meaning another or saying one thing that applies to you and I but there’s a whole different set of rules for them.  Take a look at Sean Hannity’s “Liberal Translation” of Obama’s words….

Pay Up America!

Technorati Tags: bailout, Government, Obama, Sean Hannity

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The New American Tea Party

For 8 long years we have heard liberals claim that “dissent is the highest form of patriotism.” Wonder if they feel that way now???

Today, thousands of patriots gathered in cities across the country,in a grass roots movement,to protest the unbelievable government spending that has occurred in the last month. In just 12 days the federal government has spent over 1.2 trillion dollars to bailout failure and irresponsibility. What do you get? 13 dollars a week. Michelle Malkin has been covering the Tea Parties and has some great photos.

Scenes from the DC Tea Party on Feb. 27, 2009, at which hundreds of taxpayers rallied in support of free markets and limited governments – and against endless bailouts.

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Technorati Tags: bailout, free markets, Government, Government spending, limited government, partiots, patriotism, taxpayers, Tea Party, United States federal government

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A parking lot

I have a different approach to bailing out the American auto makers. While Obama’s administration is busy throwing good money after bad, the big three are still laying off folks and those that are lucky enough to retain employment are hard at work making vehicles that no one can afford to buy, therefore they will sit in the parking lots of auto dealers who will dust them off weekly.

I propose rather than throwing billions at the big three auto makers, the Obama administration issues vouchers to each American family. Limit one per family.

This would be beneficial in a multitude of ways.  First and foremost, the vehicles being made would not sit in a dealership parking lot they would be “sold” to the American public and dealerships would be reimbursed by Uncle Sam once presented for payment.

It would also be beneficial in that many energy inefficient autos would be off of the roads, replaced by fuel efficient, green vehicles.

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Technorati Tags: America, auto industry, Automobile, bailout, Buy American, Economic, Protectionism

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