Saturday, February 28, 2009

Obama Declares War on Investors, Entrepreneurs, Businesses, And More

Obama Declares War on Investors, Entrepreneurs, Businesses, And More - Money and Politics Blog -
Essentially, the Obama economic policies represent a major Democratic party relapse into Great Society social spending and taxing. It is a return to the LBJ/Nixon era, and a move away from the Reagan/Clinton period. House Republicans, fortunately, are 90 days sober, as they are putting up a valiant fight to stop the big-government onslaught and move the GOP back to first principles.

Noteworthy up here on Wall Street, a great many Obama supporters — especially hedge-fund types who voted for “change” — are becoming disillusioned with the performances of Obama and Treasury man Geithner.

There is a growing sense of buyer’s remorse.

Is this the dawn of a Socialist America? Yikes!! (For the lack of a better word). That being said, "growing sense of buyer’s remorse"?? What! just after one month? That's a naive attitude, don't you think?

Update: So I went through the entire State of the Union Speech on YouTube (7 parts) to take a first hand look and must say (as I suspected), this is indeed an overreaction. HBRs Umair Haque seems to share the same sentiment and has pointed to his Smart Growth Manifesto while doing so, with some good points.