Obeynomics

Obeynomics

Nice little article ... the leadoff:

The results are clear. The market hates Obama’s stimulus package and just about everything related to Obamanomics. Or shall we call it Obeynomics? (I'll explain in a minute.) Stocks are down 27% since the Nov. 4th election. Stocks have plummeted more than 40% since Obama sewed up the Democratic nomination in June.

Capital is on strike. And why wouldn’t it be? Private capital has no idea what the future holds in terms of taxes, regulation, trade, deficits and the value of the dollar. None whatsoever.

Capital has figured out one thing, however. The politicians in Washington most hostile to private investment are running the show. Example: David Obey, chairman of the House Appropriations Committee. From Wikipedia: “Obey is one of the most liberal members of the House; he considers himself a progressive in the tradition of Robert La Follette.”

So the people that have a choice of "invest or not" seem to think that a political regime that is anti-business, anti-investment, and has an unknown economic plan makes for the wrong environment in which to sink a lot of capitol into things you expect to make money on?

Ya suppose?