Obama Speech Not Reagan-esque - Dow Dips Further

WedNEWSday - February 25th, 2009

Barack Obama spoke to Congress last night, attempting to appease the likes of Bill Clinton by painting a more positive picture of the economy.  The role of cheerleader was fitting as the DJIA closed at a 12 year low the preceding day.  The media was intent on helping out, as they made it clear in the pre-speech coverage, that we should expect a Reagan-esque speech.

It is clear that President Obama has an identity crisis.  He wants to be Franklin Delano Roosevelt one night and Abraham Lincoln the next.  The latest transformaton, which inarguably fell short, was roleplaying Ronald Reagan.  When one is not comfortable in his own skin, he compensates by emulating someone else.  Apparently when you lack core principles and values you disguise it by defaulting to chameleon mode.

Obama trying to model himself after Ronald Reagan is laughable, as he could not be more of a foil.  Investors on Wall Street aren’t being fooled either.  Still unimpressed and uninspired by Obama and his administration’s failure to grasp basic economic principles, the DJIA declined again today, down 80 additional points.  President of New Jersey based Princeton Financial Group, Andre Bakhos, illustrates Obama’s ineffectiveness in saying:

“The market is starving for something tangible on which to hang its hat…  …There was little of anything tangible in Obama’s speech to bring hope to the market today.”

Ronald Reagan believed in free markets, individual freedom, and the intelligence and intestinal fortitude of the American individual.  Contrary to this, are Barack Obama’s plans for big government control and state servitude, his tactics of wealth confiscation and redistribution to gain personal political capital, and the trumpeting of the failed ideology of socialistic collectivism.  President Obama has no problem saying one thing or telling people what they want to hear and then doing the exact opposite or whatever is in his own best interest.

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