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Obama waffles on the stock market.

March 4, 2009

Press Secretary/entertainer Robert Gibbs and Obama have been saying that they’re not going to focus on the day-to-day ups and downs in the stock market. But it seems that, after Gibbs took a question from Jake Tapper on that subject, Obama later made a statement saying now is a good time for buyers to invest. Fortunately, most Obama voters are already destitute, so they won’t lose much money following his poor advice.

Michael Steele may be trying to appease the most powerful conservative voice in America, but I believe his motives are sincere. Is Obama trying to appease Jake Tapper, or does he really think now is a good time to invest?

 Unrelated note, maybe: A Facebook friend sent me this chilling quote, that seems to sum up our current situation perfectly:

 “Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and mechanical products, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to the bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to communism.” Karl Marx, Das Kapital, 1867

 

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