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	Name:	water_watcher -
	Subject:	Hound, Hound , Hound
	Date:	3/7/2009 9:18:37 AM

I agree that the doom and gloom works on people psyche. That is exactly the reason wall street is importatnt and Obama doesn't get that. People see it go down every day and their retirement savings disappear and it creates worry and they start tightening their belt. If they don't spend, then more job losses.

The DOW started to recover after the election because there was hope that Obama was not going to try to push his socialist agenda until the economy started to come back. The DOW closed the year around 9700. Once Obama started to talk and take office and push the social agenda ... the market started to tank again. It has lost 30% on top of the losses last year since Obama was elected. It is the worst 2 month performance in history and the worst post presidential election performance ever.

I would guarantee if Obama started talking tax cuts rather than more spending programs, the market would start the market would start to recover, people would start feeling more positive and the economy would start moving forward.

When Bush was creating jobs through a tax cut that actually raised federal revenues, not reduced, the dems were critical of the quality. Not sure if there was any truth to that, but even if it was so, at least the economy was growing, people working and had the opportunity to find a better job over time. Is no job creation better?

I know you don't agree with the Iraq war ... we disagree on that. But yes it has been costly, but the cost was for the the long term safety of our country and our freedom, which is a government responsibility. I don't consider that wasteful spending. It is better than funding research why pig crap smells. Seriously, that is in the Obama budget. I know there is stuff like that all the time and that is why I do agree with line item veto. Then if the president doesn't strike it, the wasteful spending is their fault. But right now, the dems are doing EXACTLY what many have feared they would do when the control government .... wasteful spending, more social programs, higher taxes and reduce our national defense. That does not help the economy, only makes more people rely on government and will contribute to higher unemployment and inflation.