Obama may be the worst person for this crisis. Running on defeat as Obama and his minions have done has given them the mindset that America did wrong and needs punishing. Instead of boosting the markets Obama and his supporters have talked incessantly about economic collapse and class warfare. Is there any doubt that part of the reason the market lost 50% of its value since May was because the market knew Obama could win.

The market is a good indicator of how business views a president. Up to 75% of business owners voted against Obama on the fear that he is bad for business and we have seen as a result $30 trillion in equities leave the markets. Was it the constant threats of capital gains tax increases, payroll tax increases, increased regulations, carbon taxes, health care punishment taxes and fiddling with NAFTA that has also contributed to tanking this market and putting the global economy in free fall???

Now there is a chorus of doubters saying the same phrase that I have been saying for a year.

Self-Fulfilling Prophesy!

Bill Clinton said recently that Obama should be more hopeful and less gloomy.

Mike Huckabee said, “Obama’s early job performance is ’cause for alarm’,” and warns his penchant for talking down the economy is “the worst possible direction he could take.”

Obama’s dark portrayal of the U.S. economy — apparently intended to lower the high expectations stoked by his rhetoric during the campaign — is on the verge of becoming a “self-fulfilling prophecy.”

From the coyote…

“Obama and Pelosi — what is the minimum size of pork-spending bill you will accept so we can just go ahead and pay the money and get you and your cohorts to shut the hell up on trying to convince everyone we are in the Great Depression.  Because, to some extent, such statements can be a self-fulfilling prophesy.  Seriously, the biggest stimulative effect of passing this stimulus bill will be, almost without doubt, that it will end the felt need for Washington weenies to create an atmosphere of panic.I strongly believe that public pronouncements of doom, starting last October with Henry Paulson and continuing now to almost daily excess by Obama (today’s statement:  the economy is in a “virtual free fall”) have measurably contributed to job losses in this country.”

Constantly suggesting, “If the stimulus doesn’t work, there’s more to come,” only destroys confidence. Investors and consumers are encouraged to hold off, to see if a better deal materializes down the road. (CNN)

Today  Ben Bernanke came out and said in response to the doubters that perhaps the recession would turn around by the end of the year..As a result of positive spin the markets went up.

The class warfare has gone much farther than Obama, Pelosi and their minions casting the rich and productive class as the new villains.The MSM has done everything in their power to assist in this class warfare and tear down the concept of striving to prosper, to be successful, to reach for the top and be payed what your worth based on performance.

Let us not forget that we had two worlds. The one before Sept 15th and the one after Lehman Bros collapsed ending the economy as we know it.

Three examples of sensationalized news….

The auto execs flying private planes to Washington.

The attacks on the auto execs were the most despicable I have ever seen and bordered on willful National Suicide.

So what if they flew in on their jets the same as all executives in their position. Also the hypocrites in congress use private jets. The point is that they were scapegoated and blamed when it now shows that All auto companies are equally in big trouble along with every other manufacturing concern.

Private jets are manufactured by workers who take pride in their work and are sold by salespeople that also take pride and all have families to support..I guess no more private jets!

The Postmaster General making $264,000.

What’s wrong with that? Should I make the same as a postal carrier in order to run the entire postal system? Again this salary represents the economy before September. An economy where I would compete to make that kind of money and position.Today the position is held in scorn by the class warfare media.

Salaries on Wall Street.

I’m the first to acknowledge that bonuses were obscene but do we really want to go down the slippery slope to wage controls for all execs like Barney Frank would like to see? Without good people, New York is finished as the center of finance and will have a crushing implosion if there is no incentive to make money. The new financial center will probably be Dubai or Hong Kong.

Every night more sensationalized news.

Is it a wonder that Capitalism is dying.

Now Obama wants to raise taxes on the wealthy and business at the very time that they need tax relief.

 Update.

This thread was written before Obama’s speech to congress. I tuned in to see if Obama would be positive towards business. Although I found much in the speech regarding works programs and building new industries, I also found a disturbing lack of focus on business currently in operation or  traditional industries. What I saw was further taxes and regulations at the very time when business needs to be freed to compete.
In fact Obama’s experimental carbon tax plan will further destroy business and will add a level of bureaucracy which will punish business and cause America to further lose its competitive edge. Threats of carbon taxes will cause utilities to raise their rates causing more pain to regular Americans.
 
My question to you all…Is Obama just ignoring reality by stubbornly sticking to his pre Sept 15th plans or does he not care if Capitalism dies and ends up in the dumpster. 

Do the democrats want a collapse so that they can socially engineer the future?

What are your thoughts..Is Obama bad for business?

Many of you know me as Seattle Moss, a manufacturer of industrial poly products such as bags, covers, liners and sheeting crucial to all companies that are processing, manufacturing, or shipping any type of finished goods to the market place.

I have been called the canary in the coal mine. Without my products, there are no products from anyone to anywhere. So I would like to take a moment to give you all a quick snapshot of where business stands in the Northwest United States and Canada.

For the past five years, I have managed to grow my business every year 20% on average and, although we are relatively small compared to some companies, this has meant increasing revenues from $10-20 million. We have, during this period, been able to increase our labor force from just 20 people to more than 80 in the busy season.

That all changed this past year.

I first noticed a fall-off early in 2008 when our long-established sales reps in Oregon and Seattle started missing their targets. This was offset by new business that I brought in from Canada so there was no immediate cause for alarm. In fact I didn’t know the full extent of the recession until one fateful day in Oct when Stretch Pelosi told the world that we were in a Great depression and there was nothing great about it…

During the summer I warned everybody on this blog that we were headed for the Obama collapse because I believe in self-fulfilling prophesies.

Namely, if you talk enough about class warfare, raising taxes on the wealthy, capital gains taxes, carbon taxes and punishing businesses, then what you get is a collapse of the economy. Yes, the financial and the sub-prime also had a lot to do with it, but Obama and his minions effectively spooked the market out of $30 trillion in equities, thus causing business to come to a complete halt.

Since October my business which has never declined has seen the bottom fall out. We are now 40% off our totals from last year and things seem to be getting even worse.

I supply all the lumber business which has seen a precipitous drop with mills closing everywhere. Gypsum board, roofing, windows, cement and all supporting industries and suppliers have all but ceased to produce.

What I’m also finding is usually reliable industries like fishing are unable to get the necessary financing to take their boats out this spring. They have told me that their boats have to just sit in the port not going to Alaska to harvest the fish.

What a loss for me! The biggest problem for me has been the dollar. Last year Canada bailed me out. Now that business is drying up because everything costs 30% more for the Canadians.They are just starting to feel the collapse and business has dried up considerably. Not too many places to escape to find additional work. we have laid off 60% of our work force and have cut the days for others.

As a result of this collapse I have been forced to look outside the box once again.

Those that do have the capital are buying huge blocks of product from me at basement prices which will allow them to resell once hyper inflation kicks in later in this year.

So where I stand right now is that I’m about ready to have my biggest month ever except the price will be at a deflationary levels which has cut profit margins considerably, but does have the benefit of keeping people working and not adding to the layoffs.

My company is in better shape than others in my industry. We will survive through this crisis but there are days and you have seen my posts where I haven’t been able to see the light at the end of tunnel and it gives me a big lump in my throat.

But wait a minute…..Enough is Enough!!!

I refuse to be a victim of a crisis other people have created. I started to think what is stopping people from buying at the very best moment to buy. I went into full battle mode, brainstorming and thinking of any industry that wouldn’t be affected by this collapse.

Then it came to me … Apples, Pears and Berries. These industries are affected only by the weather and not the economic conditions facing other aspects of the economy. I went to work and called every distributor and grower in the industry and this is what I told them on the phone.

“This is the trough..The darkest moment before the dawn…When fear and uncertainty grips the nation…When resin prices are at there lowest, demand has dried up and we need to keep employees on the line for the sake of their families.

The moment has come.. The very best time to buy!!!”

Because the stimulus package will be signed dollars will be printed,confidence will emerge and hyper inflation will be the next step in this process.”

Saying these words to my customers finally got them to buy!….All of them!

Now my extruders are filled with orders and the workers are smiling because there won’t be additional layoffs..I may have had to cut my margins but the company will keep going and I will find additional deals out there.

Checked with my Oracle today:

Deflation is almost over…I have sold all my cheap plastics within the last two days like a stampede, with folks wanting special terms. Now I’m looking at more expensive resins and higher prices despite the low demand. It’s hard to tell my future customers that we are having price increases when there is so little demand.

Spring will bring warmth and hyper-inflation which will be the beginning of the end of our buying power as a nation. The collapse of the American dollar will not be far behind. This may help my Canadian business but hurt everywhere else.

I want to thank everybody at No Quarter for their support. We are all in this together

Seattle Moss