Oh no, corporate executives seeking profit!? We can’t have that! In a long winded speech that says little about specific policies, then President Elect Obama exposed his extremist world views, fanning the flames of class envy. It is the beginning of the end.
During the campaign the President stated that America cannot continue to consume 25% of the world’s resources when it makes up only 3% of the world’s population. “You think the rest of the world will just sit back and let us continue to set the thermostat at whatever temperature we like?” He asked. Of course he forgot to mention that America also produces 28% of the world’s goods and services. America uses resources effectively!
Obama plans to reduce American resource consumption from 25% to 3%. That will obviously cause a corresponding drop in the Dow. So let’s see, 3 is 12% of 25. 12% of 10000 is 1200. That is were the Dow will be by the time Obama is done.
