Wall Street Judges Obama

"The biggest thing I see here is incredible pessimism...the government is doing a lousy job of alleviating fears." --- Keith Springer, President, Capital Financial Advisory Services.

"There's nowhere to hide anymore." --- Jim Herrick, director of equity trading at Baird & Co.

The day President Obama was sworn into office, the Dow opened at almost 8,300 points. This afternoon, it closed at 7,114.78. This is the worst level since 1997. President Obama is trying to rescue the economy, and investors aren't buying. Democrat's and the media may think President Obama is the savior of our economy. Wall Street is worried he may have no idea what he is doing.


Fred Barnes wrote on Friday that the three biggest day's of Obama's presidency were the worst losses of his presidency. The stock market measures investors confidence in the future. Right now, investors have no confidence.


It is time for President Obama to act on his campaign promise. He promised a new era of bipartisanship. He tried doing things the way Pelosi and Reid wanted. Instead of advising Republicans to ignore Rush Limbaugh, it might be time for President Obama to tune into Rush. If he doesn't, we may long for the good old days of a 7,000 plus market.

John McCain, Democrat, Part Deux

"The bright side of the Florida debacle is that I no longer fear Hillary Clinton. (I mean in terms of her becoming president -- on a personal level, she's still a little creepy.) I'd rather deal with President Hillary than with President McCain. With Hillary, we'll get the same ruinous liberal policies with none of the responsibility.


Also, McCain lies a lot, which is really more a specialty of the Democrats."

This is an exert from the latest post from Ann Coulter. She is pretty honest about her feelings on McCain in this post and in her previous one. And she's not alone. Rush has been quoted many times over the last week attacking McCain's so-called "conservative credentials". He goes so far as to say that for the first time in his career he can understand not voting for the Republican candidate. He is very careful in his choice of words. He stresses that he isn't encouraging it, but he can understand it.

McCain shares many of the same policy positions as Hillary and Obama. If he were elected, it is likely that taxes would increase, there would be more laws passed prohibiting free speech, he would nominate more "main stream" judges, he would allow terrorist civil trials within the United States, and would probably close Guantanamo. This is all before he gets to addressing illegal immigration. Can the President sign an executive order outlawing the word "illegal immigrant"? It would attack free speech and pander to the left in the same bold move. I think President McCain (or Vice President Lindsey Graham) might go for it .

When icons of the modern conservative movement like Rush Limbaugh, Ann Coulter, and Michelle Malkin all believe McCain to be a Democrat, and when these same people start talking about pulling any lever but the Republican one, I think we are in trouble. What does it say about the potential Republican nominee?

There is still a lot of time between now and November. I for one plan on writing a check to Romney's campaign (yes even in the current economic crisis). I am truly worried about the Republican Party. I believe the only people who will defend McCain at this point are either Republicans who want the party to win above all else, or Democrats.

Senate Reaches New Low

The actions by Senate Majority Leader Harry Reid, Dick Durbin, John Kerry, Presidential hopefuls Hillary Clinton and Barak Obama, and other Democratic Senators over the last 24 hours have reached a new low point for American politics. These 40 Democratic Senators, who suddenly develop outrage whenever their patriotism is questioned, have attacked Rush Limbaughs “unpatriotic and indefensible comments”. On the Senate floor, they disparaged Rush, and impugned his reputation. Remember, Rush Limbaugh is a private citizen. He is not an elected official. Rush would not be able to say the same thing about these Senators in Senate chambers as they said about him.

Agree with Rush Limbaugh or disagree with him, if you don’t like what he says, don’t listen. I disagree with the New York Times for running the Moveon.org ad. Therefore, I have no intention of buying the New York Times. Rush is a citizen of the United States. The U.S. Constitution, Amendment number One, which most liberals claim to cherish, guarantees Rush the ability to say whatever he wants on his own radio station. People can choose to listen to what he says or not.

As I said in a previous post, no one who objectively listens to the segment that Rush has been miss-quoted from can possibly come away with the impression that he was talking about soldiers who served in Iraq. There were stories about phony soldiers in other news outlets leading up to Rush’s comments. Senator Reid, Senator Clinton, and the other signatories of the letter to Mark Mays of Clear Channel or either not doing their homework, or are intentionally misleading the public. Either way, they have now publically embarrassed themselves and the U.S. Senate.

If we wish to be charitable and grant they haven’t done their homework, then all 40 members who signed this letter should resign from office in disgrace. To think that a U.S. Senator would ask a media agency to, “…publicly repudiate these comments…,” without doing his or her homework is beyond belief. This action comes very close to censoring a media outlet. Surely a Senator would do his homework before embarking on such a course. If he or she hasn’t, the Senator should be asked to leave office.

If, as is more likely, these 40 Democratic Senators are intentionally misleading the public, we should still demand they resign. A U.S. Senator is a public servant. Many Senators (both Republican and Democratic) have forgotten that. If they are going to go to the floor of the U.S. Senate and intentionally lie as a matter of cheap theatrics, we don’t need them in office. Surely intelligent adults from both sides of the political spectrum can agree that this debate was a colossal waste of time and public money. Do the Democrats who control the Senate believe this is the most pressing issue of the day?

Either these 40 Senators are too lazy to seek the truth in this matter, or they prefer to intentionally mislead the public with regards to Rush. These Senators owe Rush a formal apology from the floor of the Senate. Of course, that would require these Senators have some sort of honor. I seriously question that after seeing this letter.

I Support Rush!

I wasn’t planning on writing about the “Rush Scandal”. In case you haven’t been following this, some media outlets and uniformed bloggers are attacking Rush Limbaugh for calling soldiers who oppose the war “phony soldiers”. However, I have already received one comment on it from a reader, so I thought I would comment where everyone can see my response. The comment was posted in one of the older links, so you might not have seen it. The Anonymous comment I received asked:

“So, Andy, will you denounce Rush, now that he's publicly called soldiers--including some who have been killed in action--'phony soldiers'? Or is it actually OK to trash the patriotism of soldiers you don't agree with?”

My response is beyond a shadow of a doubt, and in no uncertain terms, “No”. Why you ask? Because this story is being manipulated and Rush’s words are being reported out of context. I am a Rush fan, and as such, I am also a 24 hour subscriber to his site. One of the advantages I have as a subscriber is complete access to his library of shows. On the particular day in question, Rush wasn’t referring to a soldier who disagreed with the war. He was instead referring to people who claim to be soldiers, or who claim to have been decorated soldiers, but who are not.

In Rush’s case, he was referring to “corporal” Jesse MacBeth. As Rush has pointed out on his show, “corporal” MacBeth became a hero to many anti-war groups. In a scene reminiscent of John Kerry during Vietnam, MacBeth told the press about the abuses and travesties he and other U.S. soldiers did in Iraq. He claimed to have witnessed soldiers killing hundreds of men, women, and children. As Rush said on his show, “In one gruesome account, translated into Arabic and spread widely across the Internet, Army Ranger Jesse MacBeth describes the horrors this way: ‘We would burn their bodies. We would hang their bodies from the rafters in the mosque.’”

The problem with “corporal” MacBeth is that it was all made up. Jesse MacBeth was sentenced to five months in jail and three years probation for falsifying a Veterans Affairs claim and his Army discharge record. Turns out he washed out of boot camp. No service. No corporal.

Rush isn’t the only one who has reported on these phony soldiers. The Weekly Standard has been reporting on Scott Thomas Beauchamp. He is an actual soldier. However, he also made up stories about atrocities committed in Iraq that were never committed. His stories have been reported by the New Republic, only to have Mr. Beauchamp say he no longer stands by his stories. ABC News has even done stories covering the rash of people claiming to be soldiers who weren’t. On the coverage, Charles Gibson even used the phrase “phony soldiers”. To the best of my knowledge, Mr. Gibson isn’t facing the kind of hatred Rush is facing right now.

What this story is really about is left wing political groups who are trying to take comments out of context to generate bad press for Rush and other conservatives. They hope no one will do their home work to see what Rush actually said. Many on the left have bought these stories hook line and sinker. There are many issues you may disagree with Rush on. However, if you are going to disagree with him, at least get your facts straight and disagree with something he said, and not something someone wants you to think he said.