Why is this now reasonable when it was not reasonable when conservatives offered these types of solutions prior to us becoming the bailout nation?

If Mr, Obama says that, plus leaves the 1st and 2nd Amendments alone, I’ll buy him a corned beef sandwich for lunch every day of his administration.

I’m serious.

He can’t possibly pass on that offer.

I’m a corned beef addict too, so I know.

What would make anyone think he would do anything other than what his whole history says he would do. He is a leftist radical organizer who studied at the feet of communists and separatists. Tactically, he is a disciple of Saul Alinsky. Sorry, he ain’t gonna become some pro-business center right kinda guy. The First Hundred Days are going to be one Helluva ride.

BTW, he wants the uncertainty and the “crisis.” That way, anything can be justified to “save” us.

Deep pit of despair, The US Economy. The US Economy, Deep pit of despair.

There is no amount of Prozac that will assuage that meeting.

but i do not believe he wants the markets to level off or go up while george bush is in office. the lower the stock market goes and the unemployment rate rises it will make him look like a hero when everything stabilizes. if it goes up before he takes office the bar is raised and more is expected from him.

“…Obama’s way of handling tough situations is to set his jaw, furrow his brow, stare purposefully forward, say reassuring things, but on no account to make any clear statements of intent, or to actually do anything.”

In other words, exactly the same way he won the election.

I hear a lot of conservatives give advice about what Obama can do to fix the economy, but something I myself question is, “Do we as conservatives want him to succeed?”

I know the “proper” answer for conservatives who are always above the fray is, “Of course we want our new President to do a good job for our beloved country” but we should remember something.

If Obama does institute some common sense “non-leftist” economic policies, and the economy comes roaring back in the next few years, the Republican Party will be on life support for a generation like it was after Herbert Hoover.

Personally, for the long run, I’m almost of a mindset that we should just give the Democrats enough rope to hang themselves with.

The Democrats run EVERYTHING right now. If things are substantially better in the next 2-4 years, our Republican Party is going to be in the wilderness for a long time. Voters will remember how bad it was when the Republicans ran everything for essentially 8 years. If the Democrats are given the reigns, and everything is turned around, our movement is going to be stalled for a long time.

Allow me to be selfish and cynical. The best thing that could happen long-term to our movement and our Party is if Obama and the Democrats screw up really bad by implementing the liberal economic policies they campaigned on. It will hurt in the short term, but it would be a dose of good medicine for the American people.

In the same way it took a Jimmy Carter to give us a Ronald Reagan, if we ever want the American people to give conservatism a shot again, Obama needs to fail.

I was looking for an open thread but this is somewhat talking taxes so im going to jack it.

Oh, yeah, not that I count, but I liked your ideas. I think your 100% right on the money about Obamas pussyfooted leadership and its effects on the market. However, I know youve been market watching. 8000 appears to be at least a temporary bottom. A trading bottom, at the least. Almost like clockwork the Dow gets down to around or a little below 8000, the next day it goes up, the next day it goes down to 8000 again, the next day it goes up…

Although If you think hes not going to kill us with new regulation, brother, I gotta get what your smoking.

Anyways on to the threadjack
How about the GOP take a leadership position and advocate some real change.
1. 0% cap gains (Kudlow called these ‘Necrophelia on the economy’ and Im just in love with that langauge.
2. No payroll taxes. I repeat. No payroll taxes.
3. No consumption taxes.
4. 15% flat tax across the board. End to progressive taxes. I make a dollar, I pay 15%. I make one billion dollars, I pay 15%. The number will be higher (or lower) than 15% because the state will want money too, so whatever the states flat tax plus the federal flat tax would be the #.

Yes, Im aware these measures will take money away from the government. Thats the point. If someone doesnt want to exercise the weight off, you starve them. If our politicians are not capable of restraining government spending, we should starve them.

BTW, if anyone is still reading this, I gotta question. If China devalues its currency wouldnt this strengthen the dollar? Isnt that inflationary? Isnt that what we want if we fear deflation?

How about taking back his victory speech and refusing to take office on Jan. 20th.

… he lied for two years of the campaign, so I suppose he lie some more as you suggest.

The man intends to remake America in the image of his Marxist teachers and friends.

calm the financial markets? Hope. Fundamental Change. I used to think all that was a clever(?) distillation of the liberal mindset. In hindsight, it’s merely His inanity masking His gross ignorance. We shall now get to find out what would happen if Rahm Immanuel were in charge of America. Or something like that.

that on the day that Obama has named his choices for Foreign Policy, Gates, Clinton and Jones that the market would close down more than 600 points. I may be wrong in my thinking but, to name gates, who favored the surge, has really PO’d alot of his supporters. In light of the Mumbai terror attacks, he seems still to favor the old Clinton tactic of ignore the situation, and maybe it will go away. Or, maybe he believes that brushing it all under the carpet as B. Clinton did will appease his supporters. Today’s announcement to me caused alot of uncertainty as many must believe that the US is now in a world of hurt, and an open invitation to attack.

I want nothing more than for this man to fail. I live very simply, I don’t need alot. I can survive very well on my own frugal practices. I want him to do everything wrong from not holding to his promises of giving money to the poor at the expense of the rich, to implementing his “America will be the leader on Global Warming, to his promise of bankrupting the coal industry. I don’t believe that his 20,000 member Obama Army will be effective against the millions that will surely rebel against his administration, hopefully sooner rather than later. The dumb will wake up soon enough.

Both have become moot since Sept 1.

There are no longer capital gains or windfall profits to tax.

He could do exactly as you say, become a big tax-cutter, at a cost to the treasury of exactly $0.00.

Market underpriced? All the talking heads are saying the same thing. Bottom is in sight. Market is underpriced. And then the market makes a new low.

Newsflash. The nasdaq lost 80% in 2001. The period between 1929 and 1932 saw a loss of 90% for the DOW.

I remember in 2001, 2002 the same talking heads saying the market was underpriced and would recover. They kept saying it all the way down. I’m sure they were saying the same thing in 1929. 1930, 1931 and 1932 as the DOW lost 90%.

Until I start to hear the talking heads scream to get out of the market. That there is no reason to invest, that we will not see a bottom for 2 to 4 years from now then and only then will I invest.

We will test the 7,200 level again by Jan 21st. I believe we will bust thru it.

I see DOw 1500 by 2012. There is no way the gov can spend its way out of this problem.

Socialism and capitalism do not mix.

We can only hope that he’ll change his tune

“I have just had all the Congressional Democrats shot.”

President-elect Obama’s way of handling tough situations is to set his jaw, furrow his brow, stare purposefully forward, say reassuring things, but on no account to make any clear statements of intent, or to actually do anything…

… and gesture with his hands in ways that make no sense.

Looks like all the wiggling we did to get away from the British way of doing business was nothing more than a failed experiment.

Maybe Obama can/will hand over the keys to Parliament and we can get on with the ruddy business of living for the Queen, et al, instead of being all selfish and stuff about keeping our own money.

Obama is the leader of the liberal illuminati left-wing Democrats. Anything that he does say will only worsen this economic state. He is dead set on making sure that this nation is going to be “saved” from the economic crisis, but not until he gets into office,s o that he can take complete credit for absolutely everything and perpetuate his reign.