As we celebrate World Nude Day on February 6th, let us also cherish the clothing on our backs. The so-called ‘Obama recession’ is the deepest and most painful one in 70 years, and it shows no signs of slowing down given the disturbing actions in Washington by a President and Congress who appear out of control. We may soon have world nude day everyday, whether we like it or not.
History has recorded a remarkable correlation between our current stock market slump and Obama’s rise in the polls. Among the market players, fears of a socialist agenda kicked in during the summer of 2008 when he passed John McCain in the polls and became the expected winner. See the video.
The markets reeled, yes in part because of the mortgage mess although the fallout from that mess was already reflected in market prices earlier in the year. The markets had to digest a new variable, an unknown front-runner with prior socialist associations and feared socialist leanings. The Dow Jones Industrial Average since lost 4,000 points or one-third of market value right up through the election and beyond as the reality became more clear.
The subsequent numbers are eye-popping. In January our nation’s unemployment rate skyrocketed to 7.6%, the highest in 35 years. Pensions and retirement savings have been wiped out as the recession rages on. Bedrock American companies are on the verge of bankruptcy, and workers are hurting. World Nude Day feels cold suddenly.
And now comes what the markets most feared last summer. We have a socialist-style government spending program disguised as a “stimulus” bill. The Obama stimulus plan will take cherished freedom away from all aspects of our economy and fundamentally limit the American Dream. We are told that we must pay $1 trillion dollars for it out of our pockets and the pockets of our children and grandchildren.
What is $1 trillion dollars? It is over $3,000 for every man, woman, child, undocumented worker, and unborn fetus living in the United States. It is about $6,000 for every person who pays a dollar of federal taxes today. That is a lot of money you had yesterday that you will not have tomorrow, and you will have nothing to show for it.
Even the non-partisan Congressional budget office thinks it is a bad idea. The long-term affect on the economy we leave our children will be a big negative, they say, and on top of slower economic growth future generations will carry the burden of paying for an unnecessary government splurge that we did not want. So goes the Obama recession.
So world nude day is an appropriate day for reflection on what lies ahead of us as the recession deepens as a result of political actions in Washington. Meanwhile, hold the shirt on your back.