The Crash, part Deux

Originally posted Friday, February 27, 2009 at 11:58PM by Typical White Person

Ten days ago I wrote a piece entitled The "crash" officially began when Obama won the Democratic Nomination. This story has been very well received by our readers, and I'm glad for that, however when I continue to hear people say that Obama inherited this mess, and that it was 8 years of Bush's policy, or even that this really began in September, I would ask you to look at the pictures in that story from 10 days ago. Share it with your friends. This is a story that needs to be told. The market was strong enough (wouldn't people love to see the market reset to June 6?) but began a steady decline when Clinton conceded the Democratic nomination to Obama in early June of 2008. The markets have been on a steady decline ever since that date in history, and that time marks the high point of the last 9 months.



Fast forward to 2009. Finally the Democrats have power, that 10-pound anvil has been lifted off of Pelosi's head, and the Democrats let the world know that they can party hearty! It is historic, monumental, (insert your adjective of choice.) And I'm not downplaying the significance of this event. I know that to those in our country who identify each other by skin color, it is quite significant that this new President is black. Had an Asian candidate won, this would all be quite different. And if Bobby Jindal wins the Presidency some day... Oh God! Nevertheless, I know that to African Americans, this is a huge day that many thought could never happen. As a Typical White Person, I supposedly spend my days thinking about how I'm not black, and I remember back on those days 150+ years ago when people in the USA who happened to be "white" enslaved Africans in certain regions of this country. I never met a racist person during my first 25 years of life or so and no ancestor of mine was ever a slave owner, but some who identify themselves by their skin color have instructed me that I'm white and many people "like me" are racists, so I will take their word for it.

So we got all that over with. Actually this is a huge opportunity for those who do identify themselves as black people to enter into American society finally. Assimilate, embrace opportunity, reach out and love one another, even so-called white people! This is a time to stop the culture wars, and end racism, however it seems instead that racism has taken center stage. I blog as TWP anonymously because I am not free to speak out about race in this country due to my skin color, without severe consequences. Am I a coward? Perhaps. But I digress. That is all for future articles.

What happened since the inauguration is just more of the market's down slide. There may have been a brief period when people tried to believe in the hype, but markets represent real life, and political posturing doesn't pay the rent. (Click thumbnail to see full image.)

One interesting thing about this whole scenario is that the 401ks of left-wing journalists are just as empty as everybody else's. If they feel better by repeating to themselves that it was all Bush's fault, then hey; whatever works for you. But the truth is that Obama was largely unvetted, and that was because of Hilary Clinton's dominance in part. There was no need to really explore the history of Obama in detail, because he was just a junior Senator, a newcomer, so it was Clinton who endured the media shakedown, and Obama got a pass. All of a sudden, Democrats realized that, hey, this guy is hot! His actual policies don't seem to matter, he's great at reading cue cards, and smiling, and people love him. So the whole vetting process was skipped.

That wasn't good enough for the market though, which likes certainty more than mystery; Capitalism more than Socialism. And the mystery was revealed rapidly once Obama took office. The whole "tax and spend" and "most liberal member of the Senate" labels turned out to be very real, and very true. Apparently Rush Limbaugh doesn't just make stuff up. He and others like him were telling the truth, and despite continuing popularity, Obama supporters will have to get used to the idea that living in an Obama-led world will mean less money in the bank, and more racism in government. The "it's all the Republican's fault" pacifier will have to suffice instead of real money during these hard times, and look on the bright side: If you're an Obama supporter you're much more likely to get some free handouts.

The "crash" officially began when Obama won the Democratic Nomination

From my stint writing as Typical White Person for American Sentinel (Now Annuit Coeptis). originally posted Tuesday, February 17, 2009 at 1:08AM

Next time you hear a Democratic talking head spouting the usual blame on Bush regarding the current economic crisis, remember that the stock market crash started once Wall Street realized Obama could actually become President. It's not about the last 8 years, or the last 4 years. After Clinton "the blameless one" handed off the dot bomb to Bush in 2001, the stock market floundered a bit as it recovered from ridiculous over pricing in tech stocks. The market recovered in late 2002 and began a steady increase over the next 6 years. These images show that crucial spikes and dips are strangely related to points in the election that showed Obama on the rise, and then McCain surging. Once it became clear that Obama would win, the market dropped faster than flight 3407 over Buffalo.




1. Hillary Clinton Concedes the nomination to Obama on June 7, 2008. Interestingly this date in time marks the beginning of a long steady decline in the markets.

2. McCain begins a miracle comeback and it appears he may have a chance. Despite being outspent over 2 to 1, (in some mediums over 3 to 1), the market hangs tough through August but begins a decline in September as doubts grow.

3. Obama is largely considered the sure winner, and has all major newspapers, major TV networks, comedy shows, and movies supporting him all the way.

4. Despite a campaign of massive spending by the Democrats which included buying prime time on all three major networks, plus Obama's own TV channel running 24/7 on networks such as Dish, the polls actually showed some new support for John McCain as people began to realize that they didn't really know Barak Obama. Once the elections were finalized though, it has been all downhill, and not surprisingly, all the worst fears of those most nervous about Obama have come true.

Few were those who spoke out against Obama at that time (myself not included). It was all going to be great. Historic. Monumental. But the fact that we elected a spokesperson type with no actual experience has had disastrous results. You will no doubt hear Democrats spouting off about how Obama is just trying to overcome 8 years of failed policy and an economy that was in the tank, but I would argue that perhaps Wall Street knew what most Obama voters were not willing to consider: Obama would be a tax and spend liberal or worse. The man looks at economics as if we were still in the 70s, and wants people to get out their shovels. He's a showman who will let Dems like Pelosi and Rangel do the actual legislative work, which is frightening. I don't really want to see laid off Microsoft employees shoveling highway ditches, and unemployed small business executives doing some landscaping work to save the mouse. I would prefer to let businesses be businesses, and not subjects of Executive Branch ridicule.

Please. Take a moment, look at these charts, and realize that this market crash may be a direct result of Obama himself, and his party's message of catastrophe, fear and great depression. We hope the economy will recover, and when it does, let us all remember to cut through the BS of those who will surely give Obama all the praise. Wall Street knows better, and conservatives do as well. Only those dumb enough to vote for Obama in the first place will believe his story of hype and circumstance when it's all over. These folks might also be dumb enough to vote for a referendum to extend Presidential term limits. Obama's going to need at least 12 years for his "great plan" to actually work. Maybe 16. I can hear Sean Penn arguing that point now, with one arm around Hugo Chavez, and the other around Barak.

(images ~ Google Finance)