The President and his crack team (not smart just on crack) are looking to aggressively do something about the economy. This scares the living crap out of me because every time they say something like this we get a new round of deficit spending and the market tanks. We are finally seeing some light at the end of the tunnel in the markets and along comes the President to snuff out all hope. The markets had been quietly rebounding for about a month, as the President had taken time off from running the country down because he had gotten all the goodies he had wanted from the rubber stamp Congress.
Now that things have settled a little he drops two bombs in a row. First lets provide amnesty to all illegals before we secure the border. This make absolutely zero sense because why don't we just say that we now have an open immigration policy where anyone who wants to come in can. The second is another round of bailouts to kick start the economy. The same holds true that you don't recover from a recession by government spending and taxing. You recover by cutting both of those. I know that I have already said that we had seen modest gains in the markets, but that wasn't from the stimulus but rather the lack of government meddling. The markets lost half their value and there was some undervaluing that accounts for the current gains. The gains would not have occurred if the government had kept up its assault on the markets. That isn't to say that the latest round won't drive the market even lower undervalue or not.
Are you getting ready for next Wednesday? Are you going to gather with other concerned citizens to voice your disapproval? The Tea Parties are growing so large the MSM can no longer ignore them or tag them as lunatic right wingers' sour grapes. I hope that they are even larger than expected and finally the career politicians in Washington get the message that their days are numbered if they stay the current course. It isn't too late to stop and seriously cut spending (not just defense spending). We need some drastic action from Congress to prevent the complete collapse of our economy and the American way of life. We aren't perfect and there are some personal changes needed as well, but now is the time to start taking back our economy and country.