House of the Day: 1380 Dean Street

Thankfully we have a charismatic young lawyer named Obama with experience as a "community organizer" who'll likely be our next president.

When Obama raises taxes on families and businesses making over $250k in order to finance his promises of "change", millions of middle class workers accross this country will be fired as companies downsize to pay Obama's higher taxes.

The stock market will keep dropping until Obama's ousted Jimmy Carter style in four years. It's paramount for a president to inspire confidence during tough economic times, and clearly by the way the stock market is heading with Obama a near certainty come November, investors have zero economic confidence in the guy.

It's not surprising since he only managed to pay off his student loans two years ago at the age of 45. He also left Harvard law with seventeen unpaid illegal parking tickets in Cambridge on his record that he didn't bother to pay until he ran for Senate.

Unfortunately, this country looks to be in for one hell of a ride down!

Posted by: IronBalls at October 9, 2008 2:37 PM

How would the "rest of the economy start doing great because of Obama's election?"

Are you refering to the hundreds of thousands of union jobs in alternative energy that Obama promises to create out of thin air (I mean tax payer money)?

Obama will be a "feel good" president for Hollywood and Brooklyn liberals for six months. (Look what we did! Isn't he handsome!)

When it becomes evident that his socialist leaning, anti free market tenancies are seriously harmful to the growth of our economy, even Matt Damon will change his tune.

Posted by: IronBalls at October 9, 2008 4:14 PM

And of course I'm not blaming Obama for the current economic crisis. But I'm not blaming Bush, or Clinton either.

Blaming the president for Wall Street's problems shows a complete lack of any true understanding of how business in this country works. If you really want to blame one individual, blame Greenspan and he's not running for president.

Congress will pass tough new banking regulations no matter who is elected president, but Obama's efforts to redistribute earned weath will backfire in his face and keep this country in recession.

Posted by: IronBalls at October 9, 2008 4:30 PM

Denton,

I agree completely regarding banking regulations.

My fear, based on what I've heard Obama say, is that he plans to regulate every other private industry and trade as well.

He promises to "keep jobs in America" and doesn't understand that in order to grow and compete, US corporations have to take advantage of the same cheap labor that Chinese companies do.

Posted by: IronBalls at October 9, 2008 4:38 PM

ENY,

Come on, dude! The entire US Congress (Democrats and Republicans) is responsible for the war in Iraq.

Obama would have voted for the war too, if he had been a senator at the time.

Don't believe the New York Times. Think for yourself.

Posted by: IronBalls at October 9, 2008 4:45 PM

The stock market is going to hell.

I'm pretty damn sure it's largely because of a lack of confidence, not the underlying fundamentals.

The only thing that's changed is that it's become obvious to the world that Obama will be our next president.

Posted by: IronBalls at October 9, 2008 5:24 PM

For the record, I've been all cash myself for the last year, so I'm not a complete idiot.

Folks that have nothing to do with the shit that's going on on Wall Street are going to start being laid off like crazy as businesses go under in the thousands.

We need a president that understands that a free market, low tax environment is what this country needs to get it back on its feet.

Obama with the help of the Democratic majority congress will be the hammer that nails The Great Depression II onto the pages of history.

Posted by: IronBalls at October 9, 2008 5:29 PM

ENY,

"A free market, low tax environment" is not what has brought this country to it's knees.

An insane housing bubble driven by a country convinced that every individual has a "right" to own a house coupled by excessive speculation by investors and bankers is what's bringing this country to it's knees.

But I fear Obama is just as confused as you are. It's not surprising given that he's a lawyer, with no business background.

I'm not defending McCain either. He's an old stooge himself, but at least he doesn't think using tax payer money he can spend his way to a better world.

Posted by: IronBalls at October 9, 2008 6:16 PM

SnarkSlope,

The root of the economic crisis is housing prices tanking nationwide.

Obama acts cool, but what has he suggested? First he takes credit for McCain's proposal, and the next day he claims it's too risky. Something has to be done. Do you have a better idea?

Posted by: IronBalls at October 9, 2008 7:55 PM

Pierre,

It's not Bush's fault that the economy is tanking any more than it is Obama's. I'm not blaming Obama. I'm just saying that his proposed tax increases will cost millions of jobs and delay the recovery of our economy for years.

I'm sure you know that Obama purchased the lot next door to his own house in Chicago from his biggest financial backer's wife for $300,000 less that she paid for the land just a few months earlier -- straight up corruption.

Obama's excuse is that he "didn't understand the home buying process." Now, just a few years later, he claims to be the most qualified expert to not only solve the housing crisis, but also to save our national from a major depression.

Sure, paying off his student loans at 45, and racking up 17 unpaid parking tickets at 30 isn't reason in itself not to vote for Obama, but the media makes him out to be a perfect person, when in reality he's quite flawed and not The One that you and the media hope he is.

Posted by: IronBalls at October 10, 2008 12:33 AM