The Dow and a few notes…

untitledThe Dow closed at its highest level ever today, and true to form my in-box exploded with praise for Obama and company. Well far be it from me not to dampen the little Lefty illusion with a soaking dose of reality. Ultimately, (and as usual), a quick lesson is necessary in that the stock market is not the economy and vice versa. They are very different entities with very different points of reference and influence. I’m no financial advisor however, so I won’t attempt further instruction. That said, let’s look at some numbers.

When we examine this “paper tiger” economy the President is touting as a success, we see a sputtering engine, beleaguered by inexperience and ineptitude at 1600 Pennsylvania Avenue, and struggling for the fuel only a confident free market can provide. The last time the stock market was close to these numbers, the United States economy was in a far different place. It was 2007 and a gallon of gas was around $2.50. Americans were making about $6000.00 a year more, and there were around seven million folks unemployed compared to thirteen million today. There are twice as many people on food stamps today than in 07, our debt was nine trillion and consumer confidence was at 99 percent as opposed to 69 percent today. Additionally, much of our so-called economic growth in the last five years, has come bolstered by the Fed printing capital and restraining interest rates at dangerously low levels.

Bottom line is, don’t break out the champagne just yet. The stock market will correct, and the effects of this administrations failed college application will continue to contract an already weakened and hollow economy. Regrettably, the worst is still ahead of us…

Late Note: The Socialist South American dictator, arguably responsible for the deaths of many in the Venezuelan opposition, as well as the theft of billions in civilian property, is dead. I’m sure Joe Kennedy and Sean Penn are grieving this very minute.

Note 2: According to the answering service, White House tours have been cancelled due to “sequestration”. The President of the United States is throwing a tantrum. Childish, unnecessary, and inexcusable.

Note 3: In acknowledgement of the recent movement by college students/campuses around the country to divest in fossil fuel companies, will all students please turn in all electronic equipment manufactured and operated by way of fossil fuels immediately. Better yet, you may send all Apple notebooks, iPads and iPhone 5’s to my business address. Thank you.

Wake up kids, before it’s too late!!!

This entry was posted in America, Congress, Economy, Fred Comella, International, Media, National Debt, Politics, Right vs. Left, Socioeconomic, Unemployment and tagged , , , . Bookmark the permalink.

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