Posted by
Andrews on Wednesday, February 25, 2009 4:45:55 PM
If Obama really meant what he said last night, and he plans on saddling us with both a "cap and trade" regime AND national healthcare of some sort, we will be looking back at a Dow of 7000 with wistful fondness. Of course, the Dow in 2012 may stand at 10,000 or more, but in constant value dollars it will probably be about 1500 if Obama manges to impose those terrific burdens on the economy.
What is it about Democrats that makes them think economic problems can be solved by placing more burdens on employers and workers? Have they never held a real job? Oh, wait, they were mostl,y lawyers and "community organizers" (or in FDR's case, rich spoiled brats), so the answer is "no".