The Dow plunged 635 points today. Of course, President Hoover Downgrade Obama made another appearance to talk about the same old themes. His press "conference" was originally scheduled for 1 PM, but none of the networks were buying this tardy president. He is always late. Perhaps his advisors told him to wait until the important soap operas, like CBS's Young and the Restless, were finished at 1:30 PM. Maybe his teleprompter was malfunctioning,

At any rate he stumbled on stage and mumbled nonsense about how his rich billionaire friend, Warren Buffett, said that he considered the U.S.A. a quadruple A credit, that our country would never default. Obama failed to mention that Buffett also said that as long as you can print money, you can pay off your debt. He then went on to talk about his usual nonsense about shared sacrifice (only the rich pay more taxes). When he began his speech, the DOW was down 400 points. At the end of the day, the DOW had plunged another 235 points. You can call this DOW plunge the Obama Downgrade.

He left the stage and took off for another fundraiser to whine about all the problems he inherited from Bush. No matter how much money he raises, you can't sell a bad product to consumers who have  already bought a defective product with fancy packaging. You can try to repackage the president all you like, but SPAM is still SPAM and a used Ford Pinto can't be sold to a chain smoker.

Mr. Obama, you disparaged the Tea Party by blaming the S & P downgrade on the the hard working, tax paying  folks I think it is more accurate to blame the plunge in the stock market on you and your fellow, inept beltway blowhards.



Downgrade Obama's Used Car Lot Will be Open for Business in 2013