Suddenly, business leaders fear Obama

posted at 12:14 pm on May 15, 2009 by Ed Morrissey

Barack Obama won an extraordinary amount of support from the business world in his presidential campaign, helping to tamp down accusations of redistributionist aims, at least until Joe the Plumber caught Obama off-guard.  They campaigned for him, raised money to get him elected, and celebrated when Obama won.  Now they’re in a much less celebratory mood after seeing him in action, the AP reports (via The Corner):

Relations between President Barack Obama and U.S. corporate leaders have grown tense in recent weeks, with business groups bristling over his sharp rebukes of lenders and multinational companies in particular.

Executives and trade groups that praised Obama’s outreach during his post-election transition period say they have felt less welcome since he took office in January. More troubling, they say, are his populist-tinged, sometimes acid critiques of certain sectors, including large companies that keep some profits overseas to reduce their U.S. tax burden.

On Thursday in New Mexico, Obama chastised the credit card industry for sharply raising interest rates or fees with hard-to-find notice. He said consumers should be protected from “all kinds of harsh penalties and fees that you never knew about.” Some of the dealings by credit card companies, he said, “are not honest.”

That’s an interesting, and somewhat irrelevant, point to use to support this article.  Democrats routinely rail against credit-card companies, who don’t usually react to the provocations.  They carry too much clout, for one thing, and usually the government has a limited scope in which to impose policy.

That changed with TARP, however, and the credit companies now have reason to fear the imposition of wide-reaching regulation.  But that’s not what worries businessmen, at least not for the most part.  The big worry comes from the Obama administration’s disregard for contract law via the TARP leverage they bought with taxpayer money.  Chrysler’s senior creditors and their attorneys — many of whom voted for Obama and supported his candidacy with cash — discovered this the hard way when the administration started threatening them with bad publicity via the White House press corps and the “madman theory of the presidency”.  George Will called this a “tincture of lawlessness,” which is kind of like saying that Mafia policy rackets are a “tincture of extortion”.

Obama’s attacks on contract law undermine the entire foundation of the private sector, enabled by the bailouts initially hailed by the same people now worried about the White House’s approach to business.  On both counts, the Captain Louis Renault award goes to those corporate leaders shocked, shocked! by Barack Obama’s hostility towards the business community.  What part of “community organizer” didn’t you guys understand?


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Saw the new GM CEO on Glenn Beck yesterday. The guy talked like a guy who had been threatened by the Mafia:
1) The Federal Govt has been SO good to GM!
2) The UAW is part of the solution,not part of the problem!
3) We are so grateful to government for giving us a second chance.
4) The government is not interfering in how we run the business! (Which is a bit ironic since Obama fired his predecessor.)
5) We are going to make it with great cars that people want.
6) It isn’t govt. regulations or union milking the business ithat caused our problems. It has just been since 2007 that we’ve been in trouble. (What a crock! GM has been losing share to Honda/Toyota for decades, partly because the govt. has interfered with their business and partly because the union has demanded all their profits.

Alert to other CEO’s: Don’t vote for any Democrats! Don’t give to any Democrats! Their lust for power doesn’t stop at your front door.

Christian Conservative on May 15, 2009 at 1:03 PM

Just to be clear: while there certainly were some big business leaders supporting Obama (I understand one of the big Health Insurance companies was one – and its stock is about 1/2 now what it was on Election Day), there were a number of big business leaders that were wary to say the least, and, without being overly vocal and prescriptive, encouraged people to become knowledgeable on the economic issues and the candidates’ positions on them. I work for a very large company, and the leadership of my company was one such group. Unfortunately, we all got thrown into the soup with the naive.

churchill995 on May 15, 2009 at 1:04 PM

SUCKAS!

SouthernGent on May 15, 2009 at 1:08 PM

The Chicago Way! They are going to “protect” us…

d1carter on May 15, 2009 at 1:09 PM

The Chicago Way! They are going to “protectinfect” us…

d1carter on May 15, 2009 at 1:09 PM

saiga on May 15, 2009 at 1:14 PM

churchill995, to be clear, these business leaders picked TOTUS over Hillary. Hillary was much much much much much more moderate than TOTUS. Hillary wanted to increase growth and spread it around like Big Dawg, not seize it and spread it around like TOTUS..
so yeah they made this bed and all of us have to sleep in it

ginaswo on May 15, 2009 at 1:16 PM

Over-educated idiots who run their companies into the ground, support and vote for an over educated idiot who is running our country into the ground.

Howcome on May 15, 2009 at 1:17 PM

I would rather keep the $45K in the bank right now, as my emergency fund to survive Obambi’s tenure).

karenhasfreedom on May 15, 2009 at 12:41 PM

Karen,

I might suggest that you withdraw that money and invest it in precious metals (gold, silver, platinum, and plenty of lead and brass…. in the form of ammunition).

Obama’s policies are not only going to lay to waste our entire economy, but our currency as well.

I never thought, in my lifetime, that we would see the destruction of our nation. It is happening before our eyes.

UltimateBob on May 15, 2009 at 1:17 PM

What part of “community organizer” didn’t you guys understand?

Prop up the flunkies by telling them their abysmal performance is someone elses fault instead of their own.

Shove the achievers down so everyone is unhappy equally in the gutter. Too bad Obama doesn’t understand that he can’t make all the fish in the sea swim the same speed, and he can’t make all the welfare bums apply themselves like useful people do.

saiga on May 15, 2009 at 1:21 PM

UltimateBob on May 15, 2009 at 1:17 PM

And then all those who own gold will be forced to cough it up as it is basically illegal to own it this way-so we really need our own secret Ft Knoxes.

Badger40 on May 15, 2009 at 1:24 PM

I’m rather laughing at the idiots who gave him money and allowed it to be bundled up and kept a secret.

Man, talk about bend over time! *hahahaha

They can’t even complain, since they were in on the big secret.

AnninCA on May 15, 2009 at 1:26 PM

So at what point does Atlas, finally, shrug?

irongrampa on May 15, 2009 at 1:27 PM

These idiots behaved just like many others and wrote onto Bama’s blank slate what they wanted to see.

They didn’t sell him the rope he will use to hang them, he will just seize that…but hang they will.

It’s getting hard to have fun these days.

Harry Schell on May 15, 2009 at 1:28 PM

The new GM CEO sounds like a slave patronizing to the ‘massa’.

Glenn beck also said ‘as GM goes so goes the nation’.

Awww Crap.

Chaz706 on May 15, 2009 at 1:30 PM

Obama: the president and legal “scholar” who took the law out of contract law.

BuckeyeSam on May 15, 2009 at 1:33 PM

Who is John Galt?

Archimedes on May 15, 2009 at 1:33 PM

Business leaders: Dude, who took my free enterprise?

BuckeyeSam on May 15, 2009 at 1:34 PM

Suddenly, Jews fear Hitler..

TexasJew on May 15, 2009 at 1:35 PM

He played you, fools. All your free markets are belong to us, Biaatches!

Alden Pyle on May 15, 2009 at 1:36 PM

i’ll readily admit that i’m no brain surgeon…
and i didn’t sleep at a holiday inn last
night…in fact i tossed and turned…
partially because of the subject of this
forum…
i may sound basic and naive….but what if
AP makes an ongoing forum where we really
brainstorm and come up with insightful
hardhitting ways to defeat this obamessiah; basically
hand it to the opposition to use to get out
of this dark ugly fascist hole that is being
dug for us. In the spirit of Winston Churchill,
how do we defeat this (these) monster(s)?

falderal on May 15, 2009 at 1:38 PM

Christian Conservative on May 15, 2009 at 1:03 PM

Thanks for putting up that link, I’d mentioned it on the previous page. It was one of the most disturbing interviews I’ve ever seen. Fritz sounded like a programed robot.

What made it worse, was Becks inability to call it him on it. I don’t know who looked worse, Beck or Fritz.

Mafia talking points is the only way to describe it.

Knucklehead on May 15, 2009 at 1:40 PM

I also saw the GM CEO on Beck. That guy looked like he knew there was a trained sniper aiming a gun at his head to keep him in line.

jdflorida on May 15, 2009 at 1:47 PM

churchill995, to be clear, these business leaders picked TOTUS over Hillary. Hillary was much much much much much more moderate than TOTUS. Hillary wanted to increase growth and spread it around like Big Dawg, not seize it and spread it around like TOTUS..
so yeah they made this bed and all of us have to sleep in it

ginaswo on May 15, 2009 at 1:16 PM

ginaswo, explain to me what authority you have to make such a sweeping statement. There is no doubt Hillary had her support in the business community, as did Obama. For the latter, they are clearly getting their just desserts. Notwithstanding that, support for either in the business community was by no means universal.

churchill995 on May 15, 2009 at 1:48 PM

All the people who have said they are SO smart, are really looking DUMB right now.. All the people who voted for O are dumb and fools.

reshas1 on May 15, 2009 at 1:49 PM

If your statement only applies to the Obama supporters, fine.

churchill995 on May 15, 2009 at 1:49 PM

Why would anybody outside of a UAW worker or relative buy a car from the Big 3 (make that shrinkin 3)?

God Bless Toyota, Honda, Nissan, Mercedes, BMW, Hyundai.

Bring those plants south and quick.

Sapwolf on May 15, 2009 at 1:50 PM

bluelightbrigade at 12:28

That’s my big question. Yuri Bezmenov said that the brainwashed “useful idiots” will only believe the bare-naked facts when they get a swift kick in the ass. And when the folks who thought that communism is a beautiful ideology see what it really means, they are mad – fighting mad.

If they can rise up and fight before they are destroyed by the communist machine (which fears the disillusioned since they become the fiercest opponents), they could be fantastic allies for those of us who have always loved the America of the Constitution.

Most of us here could see what Obama was up to, but we are by definition part of the “alternative media”. To most of the world Obama pretended to be unaffected by the radical people he’s had around him his whole life. Obama had to lie in everybody’s face to try to cover up what he was really about. He’s spent the last 30 years of his life building up the chance to destroy capitalism, and he smiled in the faces of every businessman he accepted money from even as he was planning how he would rape them.

That is the story these people need to hear and understand. This isn’t a passion-of-the-moment, how-do-I-handle-an-immediate-crisis thing. He’s been PLANNING this rape for 30 years.

These people need to understand the links between Richard Cloward, Columbia University students, Weathermen Underground, The New Party, Francis Fox Piven, George Soros, Marshall Davis and the Communist Party, Tim Geithner working with Ann Dunham, etc.

They also need to understand the links between Tony Rezko and all the other Chicago crooks and Obama.

justincase on May 15, 2009 at 1:51 PM

I also saw the GM CEO on Beck. That guy looked like he knew there was a trained sniper aiming a gun at his head to keep him in line.

jdflorida on May 15, 2009 at 1:47 PM

I wonder if any of his relatives live in the Phoenix area and are reported missing.

Sapwolf on May 15, 2009 at 1:51 PM

Suddenly, business leaders fear Obama

EVERYONE, that voted for, and donated to the anti-Christ Barry Soetoro, are getting exactly what they asked for. YOU’RE ALL reaping what you sowed. Now go hide under your beds until 2010, and 2012.

byteshredder on May 15, 2009 at 1:53 PM

Big Business:
“Love the gov’t takeover of health care expenses.
Hate the gov’t takeover of my business!”

jgapinoy on May 15, 2009 at 1:54 PM

But Colin Powell said people want more government in their lives…
sarahpalinfan99 on May 15, 2009 at 12:55 PM

Polls say that Powell is wrong:

Buy Danish on May 15, 2009 at 1:55 PM

Unless you are an attorney for a bank or mortgage company, you probably have no experience actually dealing with a community organizer. These corporate CEOs have been clueless about what has really been going on with ACORN and similar organizations. Even the Wall Street people didn’t get it. Those of us on the front lines of the mortgage business knew exactly what we were in for with an Obama Administration. Nothing that has occurred so far has surprised me, except the failure of the bankruptcy cramdown bill.

All it took was for David Geffen and a few other high powered liberal moguls to back Obama and that opened the floodgates of money from corporate executives and investors. They thought the economic boom would never end, and they just wanted somebody “cool” in the White House that they could hang out with at state dinners and such.

rockmom on May 15, 2009 at 2:02 PM

Think of Ron Silverman. When he realized there was a real, gut-level battle with people intent on killing America, it woke him up. If 9-11 had been an accident it would have had no impact. It was the deliberateness and the deadliness of that one act against America which parted the veil in his understanding.

Can that happen with these people?

justincase on May 15, 2009 at 2:04 PM

The Obama nerds I talk to still go on about what a wonderful guy he is. I’m sure the business people are still in denial, too. They have to posture publicly hoping he will back down, but no doubt they are still hoping the One will bless them with the grace of his countenance, invite them to one of Michelle’s tea parties, etc. etc. ad nauseum.

evergreen on May 15, 2009 at 2:07 PM

The Chicago thug is taking what he wants from businesses. What did they expect? That the guy who won his first 2 elections by getting opponents disqualified would play FAIR? That would not be pragmatic, after all.

Obama’s only doing what he needs to do in order to amass more power for himself and his party. That’s the wonderfully pragmatic guy we voted for.

Maybe next time people will place some emphasis on respect for written laws as a qualification for office.

hawksruleva on May 15, 2009 at 2:10 PM

Suddenly, business leaders fear Obama

Vote Republican 2012. It’ll help you get over it.

sherry on May 15, 2009 at 2:11 PM

I come to back this, which may seem off-topic, that Obama is narcissistic. All image no substance, check. All about him, check. Lack of respect for others, check. Doesn’t consider he might be wrong, check. My point is, when you’re in a relationship with a narcissist, how long before you begin to see PAST the public face, the charming facade, to see who the guy really is? Rule of thumb, takes about 3 months. And then you start to get very uncomfortable. Just saying.

Paul-Cincy on May 15, 2009 at 2:13 PM

Think of Ron Silverman. When he realized there was a real, gut-level battle with people intent on killing America, it woke him up. If 9-11 had been an accident it would have had no impact. It was the deliberateness and the deadliness of that one act against America which parted the veil in his understanding.

Can that happen with these people?

justincase on May 15, 2009 at 2:04 PM

I think it could, if the media would tell the truth. They tilt all news, good or bad, to Obama’s benefit. We’d need a smoking gun – something so obviously done by Obama that it couldn’t be denied. I’m sure the right kind of tapes and meeting notes exist, but I’m not sure any of Obama’s staff will ever become disenchanted enough to share them with the world.

hawksruleva on May 15, 2009 at 2:13 PM

“Obama’s attacks on contract law undermine the entire foundation of the private sector”

It’s not just the private sector.

It’s also the family, church, patriotism, parental control of education, and an independent press.

All of which just happen to be institutions and rallying points that enable the people to resist the absolute control of government.

Kind of obvious, isn’t it?

Where do you think it leads?

notagool on May 15, 2009 at 2:14 PM

Suddenly, business leaders fear Obama

What’s to fear? Extortion? IRS audits? Medical records? It’s the government. If we can’t trust them, who can we trust…….

Johan Klaus on May 15, 2009 at 2:14 PM

I have little sympathy for them. They voted their Affirmative Action ‘consciences’ and pooh poohed the well established evidence of Mr. Obama’s true sympathies and Alinsky socialist outlook. Now that it’s apparent it’s too late for them. We’re supposed to cry for them? Sorry but those violins are too tiny for my ears to hear. I seem to have heard this phrase, ‘the chickens have come home to roost’, but I can’t remember where? Perhaps these ‘educated’ ‘sophisticated’ CEOs could enlighten me?

eaglewingz08 on May 15, 2009 at 2:17 PM

They thought the economic boom would never end, and they just wanted somebody “cool” in the White House that they could hang out with at state dinners and such.
rockmom on May 15, 2009 at 2:02 PM

Well-said. And they wanted to congratulate themselves about what “open-minded”, “caring” “good people” they are.

Buy Danish on May 15, 2009 at 2:18 PM

Own it, suckers.

Realist on May 15, 2009 at 12:16 PM

I’m inclined to agree except Obama is going to make sure we all pay.

Yakko77 on May 15, 2009 at 2:19 PM

You voted for a socialist and now you’re surprised he’s implementing socialist policies. You’z dumb!

angryed on May 15, 2009 at 2:21 PM

Suddenly, Jews fear Hitler..

TexasJew on May 15, 2009 at 1:35 PM

My personal winner today.

Badger40 on May 15, 2009 at 2:21 PM

Hawksruleva, respect for written laws is gone in America.

Obama posted a forged COLB – as evidenced by a “seal” that doesn’t bend when the paper it is supposedly on bends. When that is mentioned to conservatives, they are just as quick as the liberal no-minds to say it doesn’t matter. Only a freak, they say, would insist that lawlessness will come back to bite us in the butt.

We can’t find a single law enforcement body that will investigate that obvious act of document fraud. Is it any wonder that contractual law is the latest victim of the Chicago way?

I believe I stand vindicated. Tell me why the presidential eligibility issue should go away and I’ll repeat it back to you as the reason why contractual law should go away. He who is unfaithful in the little things (like lying about where you were born) will be unfaithful in the big things (like stealing money and threatening anybody who might try to stop you). If the bud doesn’t matter, then neither does the full-blown seed.

justincase on May 15, 2009 at 2:25 PM

That is the story these people need to hear and understand. This isn’t a passion-of-the-moment, how-do-I-handle-an-immediate-crisis thing. He’s been PLANNING this rape for 30 years.

These people need to understand the links between Richard Cloward, Columbia University students, Weathermen Underground, The New Party, Francis Fox Piven, George Soros, Marshall Davis and the Communist Party, Tim Geithner working with Ann Dunham, etc.

They also need to understand the links between Tony Rezko and all the other Chicago crooks and Obama.

justincase on May 15, 2009 at 1:51 PM

Exactly.

At first blush, it seems implausible. However, current events seem to bear out the thesis.

If you are not familiar with what justincase is referring to here is your weekend reading assignment. Be sure to read it carefully as well as all of the linked background material.

I would also recommend that you not read it at night.

turfmann on May 15, 2009 at 2:27 PM

People voting against their own best interests always amaze and fascinate me. Blacks especially. Now business? This really is the Twilight Zone.

JAM on May 15, 2009 at 12:24 PM

As a Catholic, I will never understand how any Catholic could have ever voted for this man. Yet, sadly there are those stats. It’s like you’re saying God – yeah he’s ok with this pro abortion/ embryonic stem cell agenda. How many believers in GOD thinks GOD supports Obama? And then there are the Jews that supported him, what were they thinking?

Yes we are living in the Twilight Zone or The Invasion of the Body Snatchers & it’s scary, very scary.

redridinghood on May 15, 2009 at 2:35 PM

redridinghood on May 15, 2009 at 2:35 PM

Unfortunately lots of well meaning people like to equivocate on morality.
IMHO there’s not much gray area-most everything really is in black & white.

Badger40 on May 15, 2009 at 2:41 PM

hawksruleva at 2:13

I’d like to know exactly who made the electronic run on the bank which got Bush, Paulson, and Bernanke saying that if they didn’t do something NOW it would be the end of capitalism forever. In one night’s time, Communism lite became the only way to prevent the death of western civilization.

From that moment on, Obama was a shoe-in.

If that person was either Soros or the Saudis who bought and paid for Obama’s campaign, that should be smoking gun enough.

But we’ll never know who did that because it would require integrity among the people in a position to authorize such investigations. It’ll never happen. There is not one law enforcement body in this nation with integrity OR respect for the rule of law. And Congress… well, we’ve got Nancy Pelosi and John Murtha there…

justincase on May 15, 2009 at 2:45 PM

redridinghood at 2:35

A good friend of mine who did tons of pro-life work voted for Bill Clinton. I asked her how she could, and she basically thought that the government should be the care providers for everybody.

I told her that I could (and would) help feed the hungry with the money that the government takes from me in order to give 2 cents on the dollar to people they say needs it. AND I could give them the Gospel at the same time so they could learn that help in time of need is a gift from God, given by people who genuinely care about you.

None of that mattered to her. The government does everything best. That worldview was even more important to her than the sanctity of human life or the opportunity to spread the Gospel. And she’s a pastor’s wife. Her dad was a union democrat and that was the priority/worldview of her life. She never saw any conflict there.

justincase on May 15, 2009 at 2:55 PM

but the trains run on time !

kurtzz3 on May 15, 2009 at 2:58 PM

I should add she is married to a pastor in the Lutheran Church – Missouri Synod, which is one of the most pro-life church bodies you’ll ever find – especially if voting demographics are considered. She was a very committed Christian. But nothing would come before her union mentality.

justincase on May 15, 2009 at 3:02 PM

justincase on May 15, 2009 at 2:55 PM

I have a friend who owns several guns, is a life long member of the NRA, is dead set against abortion and gay marriage.

Yet he voted for Obama, had the “O” bumper stickers, the works. How does that happen you ask? Same thing as your friend. He grew up in a union household, his dad was some big shot union boss. He was so indoctrinated over 18+ years that to vote Republican is somehow betraying the working man, that he will put aside his beliefs and vote against his own self interests out of party loyalty.

It baffles me to see it happen.

angryed on May 15, 2009 at 3:04 PM

Ha! How about this gem from Barack’s Chief extortionist:

“You’ve got business that has sometimes opposed everything Democrats have done lining up to help get it done,” White House Chief of Staff Rahm Emanuel said.

Yep, there’s nothing like finding a dead horse on your pillow to influence decision making.

Buy Danish on May 15, 2009 at 3:04 PM

angryed, it makes me wonder how these bread-and-butter union folks feel when they see non-union carmakers thriving so their employees not only get paid well but have some form of economic security. It’s a win-win.

I was going to say, “When will they learn not to bite the hand that feeds them?”

But then I realized that the hand they truly count on to feed them is the one who will take my money and give it to them. They probably think the government machine is more reliable than the free market and working for a living. I wish they could see what communism ultimately does for the little guys though.

I’ve been frustrated, looking for a decent stove to buy since ours is arcing and sparking. Where I’m at I can’t find anything, at least in online ads. I read somewhere that in communist countries nobody has any incentive to produce anything so there’s just no stuff for people to buy. One gal said when she was in the Soviet Union people would see a line forming and they’d get in line, not knowing what people were waiting to buy but willing to stand in long lines for the chance to buy ANYTHING.

And I’ve already seen things that make me wonder here. For instance, I was looking for some plain hard rubber casters at Wal-Mart. They were out. I asked when they were going to get some more. They weren’t. I’m in a small enough town that I suppose they figure it’s more cost-effective to order when somebody asks, maybe… But it makes a person think.

Somebody was talking about the amount of goods that get shipped by boat all over the world. There’s some index of that. Maybe somebody knows the name of it; I forget. Anyway, they were commenting that goods just aren’t being shipped. I don’t know how to evaluate the accuracy of what they said, but they were predicting that there were going to be shortages because the financial world is so unpredictable that manufacturers just aren’t producing.

I wonder what union households make of all this.

justincase on May 15, 2009 at 3:31 PM

should add she is married to a pastor in the Lutheran Church – Missouri Synod, which is one of the most pro-life church bodies you’ll ever find – especially if voting demographics are considered. She was a very committed Christian. But nothing would come before her union mentality.

justincase on May 15, 2009 at 3:02 PM

I guess it also depends on what church you attend. Before the election we had many sermons & letters read to us from the bishops etc. on what it means to be a Catholic and what God would want us to do regarding abortion etc. After listening to these sermons. I do know that there were Democrats that switched their vote at the last minute because of that Catholic guilt.

But it really is amazing how people value the unions over what God would want.

And anyone else that supported “The One” that has a business and is ok with the wealth redistribution.

Or any doctors that supported Obama & complain about Medicare or HMO’s…. what do they think universal healthcare is going to be.

We have a lot of people without a lot of common sense.

redridinghood on May 15, 2009 at 3:39 PM

You’re a couple months too late, you bunch of fatcat anti-freedom numbskulls. And now those of us trying to get a start in life are being hit hardest by the election of an Islamic @$$-kissing Marxist.

Dark-Star on May 15, 2009 at 3:47 PM

http://finance.yahoo.com/echarts?s=GM#symbol=GM;range=1d

GM is getting hammered again today, gee I wonder why?
Notice the heavy volume to sell off dive in the chart, exactly when the “GM to close 1,100 dealerships hit the wire”

.10 off its all time low.

I also imagine some folks watched the Beck interview with the dolt CEO… zero confidence in government meddling no matter how hard Obama and Biden lie…

Odie1941 on May 15, 2009 at 4:00 PM

I have three words for those business “leaders” who supported B. Hussein Obama:

YOU.

STUPID.

BASTARDS.

oldleprechaun on May 15, 2009 at 4:19 PM

Got a ‘yeah’ from an ex-Obamite (I hope) today… About the dealership closures.
-
Me… ‘It’s that j**koff Obama. He’s running the car companies now, and closing the dealers he don’t like. Even profitable ones.’
-
Him… ‘Yeah, sigh
-
Me… Thinking, ‘finally waking up… eh sleepy head’
-

RalphyBoy on May 15, 2009 at 4:20 PM

Somebody was talking about the amount of goods that get shipped by boat all over the world. There’s some index of that. justincase on May 15, 2009 at 3:31 PM

It’ the Baltic Dry Index. http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm

and

http://en.wikipedia.org/wiki/Baltic_Dry_Index

The world is in for a lot of hurt.

NaCly dog on May 15, 2009 at 5:18 PM

eaglewingz08 on May 15, 2009 at 2:17 PM

Bravo – Couldn’t have said it any better.

Zorg on May 15, 2009 at 5:44 PM

NaCly dog,

Thanks! How do you think the hurt is going to manifest itself?

justincase on May 15, 2009 at 6:17 PM

I’m a business owner/leader and I do not, and will not fear His Obamaness.

Come and get me, Tiny Tim Tax Cheat. You fugger. Triple dog double dare you. I’ll put your d*ck in the dirt. And, I’m a woman.

Not kidding.

Key West Reader on May 15, 2009 at 6:21 PM

That’s the spirit, Key West Reader!

If he went after your assets and you sued him for justice but no judge would take the case, what would you do?

justincase on May 15, 2009 at 6:26 PM

How do you think the hurt is going to manifest itself?

justincase on May 15, 2009 at 6:17 PM

The last time this happened, the end result was WWII and it’s endpoints. En route to the end of WWII over 90 million died, and numerous countries were devastated.

Today, most US goods arrive by ship. Some of these goods go to Mexico first, but they still arrive by ship. An exception is Canada, and the stimulus package is alienating Canada on trade with the US. We do have some bulky exports, mainly ag products and chemicals. All of this would be affected, causing unemployment in foreign countries, with concomitant hatred of the US. Many stores in the US (eg. Wal-Mart) would be low on basic stocks.

Hyperinflation drains all savings, but still can not replace good the US doesn’t manufacture. Plus, we have no money to buy stock. Shipping companies loose money transferring goods. So ships avoid the US. Did I mention a virulent hatred of the US for causing a world-wide depression?

This is my prediction for a world with Obama and his Democratic enablers in power. And I’m being optimistic here.

NaCly dog on May 15, 2009 at 7:39 PM

I should add she is married to a pastor in the Lutheran Church – Missouri Synod, which is one of the most pro-life church bodies you’ll ever find – especially if voting demographics are considered. She was a very committed Christian. But nothing would come before her union mentality.

justincase on May 15, 2009 at 3:02 PM

I think I read somewhere that a servant cannot serve two masters. Your friend obviously made her choice. And she chose…poorly.

john1schn on May 15, 2009 at 8:32 PM

NaCly dog, do you think there’s any turning back at this point? It’s so strange how almost overnight, with no real change except broken trust, everything took a dive. Do you think there’s anything at this point that could restore trust? And if it did, could things go back to normal?

justincase on May 15, 2009 at 9:25 PM

Suddenly, business leaders fear Obama

LOL, you mean nobody standing on the railroad tracks saw, or heard the train coming? And, you mean to tell me that nobody knew that Barry Soetoro was molded by communist Frank Marshall Davis, and mentored by socialist Saul Alinsky? Do tell?

<br<

byteshredder on May 15, 2009 at 11:59 PM

DOH!

faol on May 16, 2009 at 8:52 AM

NaCly dog, do you think there’s any turning back at this point?

Yes, It’s the first rule of holes –Stop digging.

Do you think there’s anything at this point that could restore trust?

Repeal TARP, the stimulus, and enforce contract law. Plus hit the MSM at the reporter. editor, and owner level with facts and, if needed, social derision.
IMHO, the key to the goverment side is the Senate. We must ramp up our feedback to our senators.

And if it did, could things go back to normal?

justincase on May 15, 2009 at 9:25 PM

We’re Americans. Let our individual strengths shine through, and we can overcome even these long odds.

NaCly dog on May 16, 2009 at 11:43 AM

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