The Next Stock Market Crash Is Near, And Obama Is Largely To Blame

Items that have led up to the impending crash:

  • The 2008 real estate crash that took the economy down (caused directly by the Clinton administration by enforcing the Community Reinvestment Act which, under threat of further in-depth investigations by Clinton’s Attorney General Janet Reno, forced lending companies to make loans to risky borrowers, which in turn led to the sub-prime bad idea).
  • General economic depression resulted on a one-thing-led-to-another basis and the government, in its desire to run and control everything, frightened the nation and the world with total economic collapse if the government didn’t save the day and immediately begin spending money.
  • Obama gets his trillion-dollar stimulus from congress (which was made up of money borrowed from foreign governments, some of whom are not our friends). This porkulus bill created a feeling that the economic problems had been solved and that all was well with the world (at least that’s what Obama told us).
  • The Fed imposes near-zero interest rates and introduces quantitative easing, which resulted in pumping unprecedented quantities of money into the stock market. This move caused the market to respond favorably (which Obama said was good and was a sign of economic recovery) and,
  • Created a new and potentially more dangerous stock market bubble.
  • Because he’s a liberal, Obama repeatedly speaks of forgiving bad college loans and overlooking bad home loans, and his administration created the HARP program to replace the failed sub-prime folly.

There are also some other enduring causes of the current bad economy: Obamacare. A stalled Keystone pipeline. Obama’s war on coal. A deluge of EPA regulations attacking businesses and private property across the nation.

The first and most natural thing a liberal government feels it must do is control any situation, and in this instance Obama would not allow the stock market to gradually correct itself and regain sanity by letting some companies fail. Instead it picked favorites and made sure they stayed in business and became grateful and subservient to the Obama administration for their bailouts.

America, under Obama, is in debt over its head and all Obama can do is dig us deeper. Obama’s “fundamental transformation of America” is well under way and we’re proceeding full speed ahead toward disaster.

 

Dave King

Retired AT&T supervisor.

Share
Published by
Dave King

Recent Posts

President Trump Talks About the White House Ballroom, Darline Graham, and the Economy Ahead of South Carolina Rally

President Trump speaks with the press ahead of his round-trip to South Carolina to do…

3 hours ago

Let’s Stop the Semantics and Call the DSA Treasonous

The Democratic Socialists of America (DSA) is not a new organization within our political circle.…

5 hours ago

Dollar Sinks As Investors Flock To Gold, Crypto After Scott Bessent’s Treasury Buyback

The U.S. dollar fell Friday as investors continued shifting toward gold and Bitcoin amid growing…

5 hours ago

Liberal-Leaning Court Says Anti-Gun Group Had No Right To Sue Over Biden Admin Rule

A federal appeals court with a liberal reputation shot down a lawsuit by California and…

5 hours ago

Supreme Court Announces 11th-Hour Intervention to Decide Fate Of Trump’s East Wing Construction Blitz

The United States Supreme Court confirmed Friday it will decide the fate of President Donald…

5 hours ago

Walmart Posts Slowest Sales Numbers In Years, Blames Iran War-Driven Gas Prices For Belt-Tightening

Walmart posted its slowest U.S. sales growth in more than six years Thursday as executives…

5 hours ago