{"id":3669,"date":"2009-03-06T13:35:07","date_gmt":"2009-03-06T19:35:07","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/?p=3669"},"modified":"2009-03-06T13:35:07","modified_gmt":"2009-03-06T19:35:07","slug":"thank-obama-for-the-stock-market-freefall","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/thank-obama-for-the-stock-market-freefall\/","title":{"rendered":"Thank Obama for the stock market freefall"},"content":{"rendered":"<p>From <a href=\"http:\/\/online.wsj.com\/article\/SB123629969453946717.html\" target=\"_blank\">The Wall Street Journal<\/a>:<\/p>\n<blockquote><p>It\u2019s hard not to see the continued sell-off on Wall Street and the growing fear on Main Street as a product, at least in part, of the realization that our new president\u2019s policies are designed to radically re-engineer the market-based U.S. economy, not just mitigate the recession and financial crisis.<!--more--><\/p>\n<p>The illusion that Barack Obama will lead from the economic center has quickly come to an end. Instead of combining the best policies of past Democratic presidents \u2014 John Kennedy on taxes, Bill Clinton on welfare reform and a balanced budget, for instance \u2014 President Obama is returning to Jimmy Carter\u2019s higher taxes and Mr. Clinton\u2019s draconian defense drawdown.<\/p>\n<p>Mr. Obama\u2019s $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents \u2014 from George Washington to George W. Bush \u2014 combined. It reduces defense spending to a level not sustained since the dangerous days before World War II, while increasing nondefense spending (relative to GDP) to the highest level in U.S. history. And it would raise taxes to historically high levels (again, relative to GDP). And all of this <em>before<\/em> addressing the impending explosion in Social Security and Medicare costs.<\/p><\/blockquote>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB123629969453946717.html\" target=\"_blank\">Read the rest of the article here.<br \/>\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From The Wall Street Journal: It\u2019s hard not to see the continued sell-off on Wall Street and the growing fear on Main Street as a product, at least in part, of the realization that our new president\u2019s policies are designed [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":["post-3669","post","type-post","status-publish","format-standard","hentry","category-fraud-news-stories"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-Xb","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/3669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=3669"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/3669\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=3669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=3669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=3669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}