Thursday, March 5, 2009

Obama Proof Stocks

I was watching "Mad Money" on CNBC last night and Cramer said something that really got my attention. He was talking about "Obama resistant" stocks.

Now, I have been watching my stocks drop faster than (insert favorite expression here). However, to actually need to choose stocks based on how badly they will be affected by the president seems a bit much. Although, after thinking a few moments I realized that he was actually right. I have been watching and every time he opens his mouth, my retirement moves farther away and becomes more questionable. The only thing that seems to make the market move up is the thought that China might do something.

This guy really does loathe capitalism. Before the election I half jokingly referred to him as a socialist. But, I think that is too moderate a term after seeing all of the things that he is proposing. I have to agree with Rush Limbaugh in that I hope he fails in achieving his goals. For, if he does succeed, then America fails. He is certainly doing everything he can to ensure that no one wants to invest their money in American firms. He seems to think that restricting dividends and raising capital gains taxes are a sure way to encourage investment. Maybe they teach that at Harvard and we mere mortals are too stupid to realize the great potential for wealth creation that he is enabling. However, I suspect that his definition of wealth creation is closer to my definition of wealth redistribution.

I am beginning to think that a DJIA of 4000 is very possible. Thank you Mr. President and to the Republicans who are making it easy.

Not a week has gone by that I have not gotten a call from someone representing the GOP asking for money. Once again, Rush is correct when he says that they are being hung up on. I know that I have been doing it for some time since they demonstrated that they do not know how to lead. I will continue to do so until they demonstrate some "loyal opposition" to the socialist policies being proposed by our president, B. H. Obama.

Please pass the Kool-Aid