Tuesday, July 21, 2009

Conservatives vs. Capitalism

The stock market went up another 70 points today. Conservatives keep claiming that Obama is wrecking the economy, and the stock market keeps saying that he isn't. Clearly, Conservatives have no faith in Capitalism.
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5 comments:

Brandon said...

How is Obama a capitalist? Government intervention in everything, is not capitalism. We can get out of this mess without government. Are you choosing to ignore the fact that only a fraction of the stimulus money has been spent? So how has Obama fixed the economy or is it fixing its self.

July 21, 2009 at 6:16 PM
Anonymous said...

Yeah, right, and 2+2 = 5.

1. The stock market, still in the doldrums (if you don't know this then you don't own stocks), has a jump.

2. You immediately use this as irrefutable evidence that that Obama's stimulus plan is therefore working -- which is a fallacy of logic.

3. Then comes the incredible leap of logic that, since a socialist stimulus program is "working" (according to your flawed logic in #2), then it must mean that conservatives have no faith in...capitalism.

Man, you can't argue with THAT logic! LOL! That's almost on par with "We are going to go bankrupt as a nation unless we spend more money." Gotta love that little gem from a week ago.

July 21, 2009 at 6:22 PM
-=Mason=- said...

In October of 2007 the DOW was at 14198.10, by December of 2008 it had dropped to 7773.71. To save everyone the time that's a drop of 6424.39 points. The whopping 70 points referred to in this post is %.0108. So saying that the stock market is "fixed" is naive on a level that defies reason. If the same logic were to be applied to say, rising ocean levels, one could solve the whole problem and save the coastlines by taking a teaspoon of water out of the ocean.

In addition, the idea that Obama and capitalism could exist as anything other than complete opposites is even more naive than the first assertion. How is spending money and running up a $11,033,157,578,669.78 debt capitalistic? Granted Obama didn't create all of it. He has, however, created more debt in his first hundred days than any eight years since FDR. The current OBAMA ADMINISTRATION calculations place the September, 2012 debt at $16.2-trillion.

To summarize, there is nothing about disagreeing with Obama that is anti-capitalist. In fact the best bet to become a hardcore capitalist is to disagree with EVERYTHING Obama has, is, and will be doing.

Want to see for yourself?
http://www.cbsnews.com/blogs/2009/03/17/politics/politicalhotsheet/entry4872310.shtml

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http://www.marketoracle.co.uk/images/2009/Jan/Dow-Jones-Forecast-2009.gif

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http://www.theobamadebt.com/

For more information and links to up to the second Debt clocks visit my blog

July 21, 2009 at 9:43 PM
CJP said...

Dear Mason:

If I understand you correctly, you said:

"In October of 2007 the DOW was at 14198.10, by December of 2008 it had dropped to 7773.71. To save everyone the time that's a drop of 6424.39 points."

You're talking about Dubya Bush's last year in office. Is that your idea of successful capitalism? LOL.

July 21, 2009 at 10:27 PM
-=Mason=- said...

Not at all, Bush was the Third worst thing to happen to this country in my lifetime. Bush, however, was not only NOT a capitalist, but just behind Obama on the road to socialism.

In addition, you are skewing the overall point of the blog. The original posting used an increase of 70 points to say that the stock market was recovering and Obama's plan was saving the country. If you would like use Bush as your scape goat you should really find the appropriate blog for it.

July 21, 2009 at 10:36 PM

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