Liberal radical, bomber, and terrorist William Ayers is on ABC’s Good Morning America show giving an interview to promote an upcoming book.

The interview is currently in a break as of this writing.  Thus far, there have been no bombshells, just confirmation of what we already know:  that Ayers held a political event to launch Barack Obama’s political career; and that he was “family friends” with Obama and his family.

During the presidential debate with John McCain, Obama flat-out denied that he was friends with Bill Ayers.  Well, Ayers just confirmed that they were friends.  Obama lied.  Anyone surprised that a Democrat would lie?  That’s why we call them “dirty frauds and liars”.

The stock market has fallen once again after the election of Barack Obama.  He portrayed himself as the savior who was going to rescue the economy that he said was wrecked by Bush.

The fact of the matter is that stock values are based on future expectations.  If the market had viewed the election of Barack Obama as a positive, the market would have went up.  But the market did not go up;  the two days after the election the market went down, losing almost 10% of its value.

Let’s look at the Obama Effect on the stock market.  Below are daily closing values for the two most well-known stock market indexes, the Dow Jones Industrial Average (DJIA) and the S&P 500.

11/04/2008 (Election Day)

• DJIA: 9625.28
• S&P 500: 1005.75

11/05/2008

• DJIA: 9139.27
• S&P 500: 952.77

11/06/2008

• DJIA: 8695.79
• S&P 500: 904.88

Closing values as of 11/12/2008:

• DJIA: 8282.66
• S&P 500: 852.3

Since the day Barack Hussein Obama was elected president by millions of idiots, the economy has lost trillions of dollars of wealth. Almost $2.5 trillion in wealth evaporated after the election of Obama.  The Dow Jones Industrial Average is down 14% and the S&P 500 is down 15.26% in the week following the presidential election.  This is despite oil dropping from $70.53 on election day to about $55 on 11/12/2008.  The per barrel price of crude oil dropped 22% and still the American stock market went down.

Maybe Barack Hussein Obama put some African voodoo curse on the market or something.  Obama stinks.  Literally.  It’s been said that 100 million Americans own stock directly or indirectly via retirement investments.  All those people have seen 15% of their wealth disappear in the week since Obama defeated John McCain.

I hope those people who voted for Obama and lost wealth are happy they are now poorer.

Feel free to verify the data for yourself:

http://bigcharts.marketwatch.com/historical/

President-elect Barack Hussein Obama is asking for advice on how to revive the ailing economy.  You want some advice, Obama, here’s some:

• Do not raise income taxes on anyone.  Rich people are a critical component of spending and investment.  Less money for them means less of both, and poor people do not create jobs.  To create jobs, somebody has to invest money and others have to spend it.
• Do not raise investment taxes.  Investing is risky enough without you Democrat morons reducing the rate of return from investments.  Without tax credits, investment in wind power drops by 90%.  That is proof positive that existing taxes are punitively high to the point where investment in some industries will not occur without effectively lower taxation.  It would be incredibly stupid to raise taxes higher as the Democrats want to do, especially in a weak economy.
• Do not impose carbon taxes.  Carbon taxes mean higher costs for manufacturers, utility companies, and ordinary Americans–everyone without exception.  Taking money out of anyone’s pocket is going to reduce economic activity and hurt job creation.

This advice is no-brainer stuff.  This is something that any first semester college Economics student would know.  Obama portrayed himself as having all the answers during the presidential campaign.  Obama promised that he–and he alone–was going to create millions of new jobs.  He ridiculed John McCain for not knowing enough about the economy.  Now the truth is out:  Obama doesn’t know anything.  He has to seek guidance from others about what to do about the economy because he himself is clueless.

If the stock market thought that Obama would be good for the economy, the market wouldn’t have lost 10% of its value the prior two trading days.  If Obama was the savior he promoted himself to be, the market would have rallied strongly.

The dumbest of the dumb elected Barack Hussein Obama.  We will all pay the price for their stupidity.

USA Today News Story

It was reported that Barack Obama refused to release his college transcripts showing his grades.  Odds are that Obama got into college as a result of affirmative action and not his intellect.  If he was proud of his grades and mental ability, he would have released those transcripts.

Disgraced former New York governor Eliot Spitzer will not be charged with any offense related to his prostitution crimes.

The married Spitzer resigned in February after news broke that he was a frequent customer of a high-end escort service and had sex with several prostitutes.  Spitzer had paid in excess of $3,000 for the services of the call girls.

Why isn’t he being charged with prostitution or money laundering or something?  Why is this Democrat scumbag getting off?  And why did the U.S. Attorney’s Office wait until after the election to announce this news?

CNN Story

Mahmoud Ahmadinejad, President of Iran, congratulated Barack Hussein Obama on his victory in the 2008 presidential election.

Is anyone surprised that a sponsor of terrorism and advocate of the extermination of all Israelis like Ahmadinejad would congratulate Barack Hussein Obama on his victory?  No surprises here.  In fact, most people could have predicted this.

Ahmadinejad said in his letter to Obama:

People in the world expect war-oriented policies, occupation, bullying, deception and intimidation of nations and imposing discriminatory policies on them and international affairs, which have evoked hatred toward American leaders, to be replaced by ones advocating justice, respect for human rights, friendship and noninterference in other countries’ affairs.

War-oriented polices?  Occupation?  Bullying?  That sounds exactly like the same things Barack Obama and the Democrats have been saying for years.

That hate-filled nut Ahmadinejad thinks just like a Democrat.  Again, no surprises…

In the past two days the stock market has gone down almost 9%.  If you had $100,000 invested in a retirement plan, you would have lost between $9,000 and $10,000 in only two days.

The election of Barack Obama is to blame.  The market would have gone up, at least the first day after the election, if Obama was seen as positive for the economy.  If the market thought Obama had the ability to turn the economy around instead of just wrecking it, stocks would have risen.

Today the Dow closed down 443 points for a loss of 4.85%.  The S&P 500 closed down 47.81 points, shedding 5.02% of its value.  That’s a lot of money being lost by tens-of-millions of Americans.

But since millions of Obama supporters not only don’t have jobs nor money invested, living on welfare, they are immune to the market catastrophe the election of Barack Obama has caused.

The liberal media is currently engaging in a horrible campaign of personal destruction against Sarah Palin, John McCain’s running mate during the 2008 presidential election.

Quoting anonymous and unnamed sources, media outlets are making the most outrageous claims against Palin.  Some of the claims are that she spent more than $150,000 on clothes and jewelry, she didn’t know that Africa was a continent and not just a country, and a whole host of other outrageous things.

Anyone can quote an anonymous source.  Or, they could just fabricate the source, as journalists have been known to do.

Why are they doing this?  The liberal media is doing this to tarnish the reputation of Sarah Palin and damage her so she will find it very difficult to succeed in politics in the future.  The liberal left knows that Palin is the darling of many Conservatives.  While most of America may not have warmed up to her, many Conservatives did.

That is why the media is spreading far-fetched rumors based on anonymous sources.  Palin is college-educated, was a journalist, and is a governor.  Do you really think that she would not be aware that Africa is a continent?  There are only seven continents, maybe six if you count Europe and Asia as one.

This is shameful, even by liberal standards.

Meanwhile, the media hardly mentioned Joe Biden’s comments that FDR went on TV during the 1929 stock market crash.  Biden said:

When the stock market crashed, Franklin D. Roosevelt got on the television and didn’t just talk about the, you know, the princes of greed. He said, ‘Look, here’s what happened.’

FDR wasn’t President in 1929, Herbert Hoover was, and television didn’t start appearing in American homes until the 1940s.  This wasn’t a slip of the tongue, it was an outright lie.  Yet the media barely reported on it.

I said in an earlier post that as John Kerry climbed in the polls during the 2004 election the stock market dropped. After George Bush was elected President, stock markets all over the world rallied.

For the second day in a row following the election of Barack Hussein Obama the stock market has had disastrous declines. Hundreds of billions of dollars in wealth have disappeared because of Barack Obama. If the election of Obama was seen as a positive thing, the markets would have responded favorably. Instead, the markets are tanking.  The sinking economy has already been priced into stocks since they’ve dropped nearly 35% over the course of the past year.  In fact, stocks are probably undervalued;  it is highly unlikely that the value of the entire economy dropped that much.  Plus, the credit crisis has been addressed and the weakest banks have already failed.

Why is this happening? Because Obama promised to increase taxes on certain industries and certain individuals. Higher taxes mean less money in the economy, less money for people to spend and invest, and thus less economic activity which creates wealth and jobs.

Then we must also factor in Obama’s and the Democrats’ plans to impose carbon taxes to combat mythical global warming. We came out of one of the coolest summers in recent years in the United States and the liberal left still insists we are experiencing global warming. Carbon taxes on energy will take money away from businesses, take money out of the pockets of ordinary Americans, and severely crimp the economy in already difficult times.

Less money means less economic activity. It is as simple as that. Yet Democrats are not smart enough to figure it out.

If Obama wanted the market to rally, he could publicly rescind his pledge to raise taxes and impose carbon taxes on the American economy. Will he do that? Well, if he did, it would be a huge broken promise to his liberal supporters, many of whom are socialists and communists and are aching for more wealth confiscation.

As of this writing the Dow Jones Industrial Average is down almost 400 points for the day, or about 4.25%. The S&P 500 is down about 40 points, or 4.4%.

It is unmistakable: the election of Barack Obama has not been good for the stock market or the economy as a whole.

Millions of Americans voted for Obama because of the slumping economy. If they were smart, they would have known that his plans would be disastrous. It’s tempting to say “live and learn”, but I don’t think Democrats are very capable of learning much of anything seeing as how they make the same mistakes over and over again.

Last night Democrat Barack Hussein Obama was elected President of the United States and this morning the stock market drops.  Gee, who could have ever predicted that would happen?  How about anyone with a brain…

When Bush was re-elected back in 2004, the stock market rallied.  Not just in the USA, but stock markets all over the globe rallied.  As a matter of fact, and you can verify this yourself, back in 2004 the stock market dropped as John Kerry climbed in the polls.  As Kerry got closer and closer to Bush in the polls, the market dropped more and more until it finally rallied after Bush was elected for a second term.

Now, we have further empirical proof that Democrats are bad for the economy.  As of this writing the market is down 350 points, or 3.6%, (Dow Jones Industrial Average) and the S&P 500 is down the same percentage.  From the article:

A case of postelection nerves sent stocks plunging Wednesday as investors again anxious about recession began questioning what impact a Barack Obama presidency will have on business and the overall economy. The Dow Jones industrials dropped more than 350 points and the major indexes all fell more than 3 percent.

But the selling picked up momentum as the market worried anew about the weakness of the economy and pondered what an Obama administration might do.

Obama’s victory means that industries such as oil and gas producers, utilities and pharmaceuticals may face greater regulation and even taxes, while labor unions and automakers are expected to benefit.

Obama and the Democrats promised to raise taxes on the “rich”.  It is the rich who do the investing and job creation in this country.  So, when you raise taxes on them, they have less money to invest in projects.  Obviously, that is going to drag the market down.

Obama and the Democrats also promised to raise taxes on investments.  An investment such as a stock is worth the discounted present value of its future returns.  Higher taxes means lower returns on investment.  So, it only makes sense, mathematically, that the value of investments such as stocks would drop.

Obama and the Democrats plan to take money from those who earn it and risk their own money investing so they can redistribute it to those who don’t build factories, don’t buy stocks, and don’t do much of anything except sit around and collect a welfare check.

Less money to spend for anyone–even the rich–means less economic activity.  Less economic activity means lower tax revenue.  Why?  Because income derived from economic activity is what is taxed in this country.

See how simple that logic is?  Too bad Democrats aren’t smart enough to figure it out.  We are now living in a nation run by morons.  Democrat morons.

Try looking at the academic achievement in Democrat-voting strongholds sometime.  The average high school graduate reads at an 8th grade level, and half the students drop out before graduation!  These are the dolts who elected Obama.

UPDATE:

After the above was posted the market tanked.  With 20 minutes left of trading the DJIA is down 450 points, or 4.65%.  That’s attrocious!  Billions of dollars of value have evaporated thanks to the dimwits who elected Barack Obama.

UPDATE II:

We heard that Obama is going to do all these great things.  Why, he’s going to stop global warming!  Obama is going to restore our standing in the world!  Obama’s going to create millions of jobs?  Hell, the day after he gets elected the stock market tanks.  The DJIA finished down 486 points, or 5.05%.  The S&P 500 was down 5.27%.  That’s a significant one-day loss.

The changing face of America is changing America, for better or for worse.  Here is an analysis of the racial composition of support for Democrat Barack Obama and Republican John McCain for the 2008 Presidential election as revealed by exit polls.  There can be no doubt that the support of racial minorities, who now comprise over 30% of the population and growing fast, played the pivotal role in Obama’s victory on November 4th.

Below is a comparison of the 2008 election with the 2004 election using CNN 2008 and 2004 exit poll data (MSNBC data). We will compare the racial exit polling data between Republicans John McCain and George Bush with Democrats Barack Obama and John Kerry and look at the change that occurred between the elections.

The support from whites for the Republican candidate was largely unchanged.  McCain dropped 3% from Bush in 2004 and Obama picked up 2% over Kerry.  But with every poll there is a margin of error, typically 3% to 4%, and this small amount would be within it.  So, factoring in the margin of error, it is possible that there was no difference in white support for the Republican candidates between the 2004 and 2008 elections.

But the support of ethnic minorities paints the true picture of the 2008 election and the fact that it was indeed all about race.

John McCain dropped beyond any margin of error in every single non-white racial category and Obama picked them up.  I can’t tell you how many interviews I read or saw on TV with minorities gushing about their support of Obama mainly because he “understands what it is like to be a minority.”  Here’s an example of one:

Article

Many languages were being spoken by the diverse crowd at the rally, with several minority groups besides African-Americans feeling pride in Obama’s candidacy.

Arturo Carrillo, 26, of Chicago’s Southeast Side, said it was a great moment for Latinos too.  “With Democrats in Congress and Obama as president, we hope there will be a push for immigration reform,” he said. “This is a turning point.”

Carrillo spoke Spanish with a buddy as he watched results come in at Butler Field. He said Latinos welcome a multi-racial president who knows what it feels like to be a minority in this country.

Make no mistake:  race played a crucial role in the 2008 election.  It wasn’t anti-black racism like many people were expecting.  It was anti-white racism.  It was a case of millions of ethnic minorities voting for a man largely because he, too, is an ethnic minority, like them.  Many of these minorities didn’t vote for Obama because they thought he was the best candidate, although I’m sure some did. Many voted for Obama not because of what he is, but because of what he isn’t:  white.

The 2008 election was just one example of many to come where minorities “stick it to the man”.  Or, at least, they will stick it to the white man, much like they did to all the DFL presidential contenders.  Factor in the large numbers of non-white immigrants, both legal and illegal, and you can see which direction the country is heading.  White males will soon become an endangered species in the Democratic Party.  These minorities are going to toss white liberals out like the trash that they are.

And I won’t even mention the massive voter fraud the Democrats and their operatives like ACORN were engaging in.  Nope.  Not going to mention it.

In the end, John McCain deserved to lose.  Not because he wasn’t the best candidate, because he was.  He deserved to lose because he made tactical errors every step of the way.  From his initial intent to run a clean campaign (which he didn’t) to his pick of Sarah Palin to his refusual to use Barack Obama’s middle name of Hussein, every step McCain made was a mistake.  In fact, him even running in the first place was a huge mistake.  McCain was never well liked by the Republican base to begin with.  He should have learned his lesson in 2000 and given up on the presidency.  We would all be better off today if he had.

Hey Johnny Boy, don’t let the door hit you on the way out!