Wednesday, August 10, 2011

Steve Peters Commentary - #3151 -UPDATE; GOP WINS 4, DEMS WIN 2, GOP HOLDS STATE SENATE- Historic Recall Elections Put Spotlight on Wisconsin - JS Online (2) When Obama Speaks, The Market Tanks - Redstate

WISCONSIN STATE SENATE RECALL ELECTIONS: 1:01 A.M. - GOP WINS 4, DEMS WIN 2, GOP Holds State Senate 17-16, GOP was Outspent 2-1 - Madison - Link to Poll results..... Tuesday brings a series of recall elections unprecedented in the history of the state or nation. Since 1908, there have been 20 recorded state legislative recall elections held in the United States, according to one recall expert. Wisconsin is in the process of holding nine such elections in the space of a month. With control of the Wisconsin Senate in the balance, six Republican state senators will face a recall vote Tuesday.  Read more....... SP: Obama and the liberal Democrats have been in an economic civil war with a majority of the American Voters since the 2008 election. Obama, along with a filibuster proof Senate and a Pelosi Democrat controlled House pushed through the progressive's dream agenda, including ObamaCare. The Democrats assisted by Tim Kaine at the head of the DNC persisted even though they knew the agenda went against the wishes of the American people. A majority of the voters gave them an F for their efforts in the 2010 elections, sending many liberal Senators home, and removing Pelosi as Speaker of the People's House. Although Harry Reid and Tim Kaine kept their jobs, an historic number of Democrat state legislatures and governorships, like those in Wisconsin were also turned over to the GOP. Unfortunately a lot of voters have not been paying enough attention since the 2010 election, unaware of the ongoing economic civil war being waged on them by the Obama administration. The Dem's and their union cronies want the reins of power back, and will use any means to get it, as witnessed by the union backed recall elections in Wisconsin . Now that the Obama created economic casualties are mounting in the form of a downgrading of our triple A rating, a plunging stock market, massive unemployment, and a stagnant economy, the voters are again waking up to this economic civil war. between the producers and the takers in our society. The 2012 election will be the defining battle in this economic civil war between the producers and the takers led by the Pied Piper of class warfare politics, President Obama. The best stimulus for this economy is the removal of Obama from the White House, along with Harry Reid(the undertaker) as Senate Majority Leader. Voting sitting Democratic Senators out of office, and ensuring politicians like Tim Kaine do not get voted into office will allow for the changes demanded by the American voters.There will be several scrimmages like the Wisconsin recall elections along the way to the main engagement which will occur in November 2012.

SP: Even thought the DEM's outspent the GOP two to one, had the intensity of trying to shore up their paychecks, mustered significant out of state union foot soldiers to their cause, and were better organized.......they failed. The voter turnout was heavy in the extremely blue state of Wisconsin and and the voters again told the union thugs NO. The GOP will maintain control of the Senate, and now the unions have two upcoming recall elections in which they must defend Democrat Senators.
UpDate Article - GOP Wins 4, Dems Win 2, GOP Holds Senate - Hot Air.......

When Obama Speaks, the Market Tanks - Redstate - The best thing President Barack Obama can do for the economy is keep quiet. A day after delivering an address that won widespread praise from the chattering class, Obama’s big-government policies were rejected by traders on Wall Street. Wall Street’s negative reaction to Obama is nothing new. Ever since Election Day, Obama’s words have failed to inspire investors. “When the President speaks, the market listens … and crumbles, said Family Research Council chief Tony Perkins, who outlined the following pattern of the Dow’s drop after notable Obama addresses:
Nov. 5, 2008 (Wednesday after Election Day): -486 (5.0%)
Jan. 9, 2009 (one day after Obama speaks at George Mason University on “need” for $800 billion stimulus package): -143 (1.6%)
Jan. 20, 2009 (Inauguration Day): -332 (4.0%)
Feb. 10, 2009 (one day after Obama declares that without a stimulus, “an economy that is already in crisis will be faced with a catastrophe”): -382 (4.6%)
Feb. 17, 2009 (market opens for the first time after Congress passes $787 billion stimulus on Feb. 13; Obama signs bill into law, declaring, “The stimulus lets Americans claim destiny.”): -298 (3.8%)
Feb. 19, 2009 (one day after Obama announces potential mortgage relief plan): -90 (1.2%)
Feb. 25, 2009 (one day after Obama’s first speech to the full Congress): -80 (1.1%)
SP: The market voted as it has in the past, when Obama has spewed his class warfare rhetoric and big government vision of America. You cannot coerce businesses to create jobs and spend their money investing in a future that appears grim and uncertain. The market does not like the overseer in the White House, and will remain on a "work slowdown" until he leaves office. Wall Street and Main Street both thought there would be some relief after the routing the Democrats took in the 2010 election, but Obama is a leftist ideologue who refuses to budge to the will of the American people. Obama in attempting to shift the blame onto anything or anybody including, Bush, S & P, Japan's earthquake, the Arab Spring, the GOP House, and those terrible tea party terrorists. The markets know Obama, his fellow Democrats, and their marxist agenda are "the donkeys in the room" that are destroying our economy with the burden of heavy government overspending, punishing taxation, and burdensome over regulation(legislative and administrative law through executive fiat). The big question is, will over 50% of the voters going to the polls in November of 2012 agree with the markets?

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