Tuesday, February 17, 2009

Dow Plunges on Stimulus Bill Passing


The Dow Industrials plunged over 250 points this morning on continuing fear about Obama's Pork Bill signing today. As more and more is learned of the incredulously wasteful spending in this bill that has absolutely nothing to do with economic stimulus, Americans are finally coming to grips with the long term damage this bill will do.

Other fears are about the coming meltdown of the American auto industry, a dinosaur that needs to break its chain of union control, or die the natural death it is destined for. 

As the country spirals down into a recession and more and more people are losing jobs, Obama is spending hundreds of millions of taxpayer dollars trying to defend the Pork Bill. Today, as another show of arrogance and wasteful government spending of our money, Obama is flying into Denver to sign the Pork Bill. Why not sign it where it is, at the White House? Why fly to Denver, on the taxpayers' money, to sign our children's futures away into a debt that can never be paid off?

This is just one leg of his country-wide junket in which he is trying to tell the American people what a great thing the Pork Bill is, all the while he, as well as every member of Congress who passed this messy thing, have never even read the bill. 

Pathetic, but this is business as usual in our government.