NEW YORK (BHN) - President Obama's bold plan to create jobs dynamically moved the stock market into the crapper Friday. The move dampened the administration's celebration of an economic rescue strategy they were able to formulate in a mere 961 days after gaining office.
Financial experts we interviewed (as well as likely anyone with at least the IQ of a retarded wombat) were not at all surprised by the market's reaction, noting that outside of some token tax reductions, Obama's plan basically consists of borrowing hundreds of billions of dollars more from the Chinese to spend on short term union construction projects.
"Investors are people smart enough to have jobs and earn money," said one Wall Street executive. "They know that running up the national debt another half-trillion bucks so a bunch of union members can be employed for six months repairing bridges and building doomed solar farms won't do squat for the economy."
My comments: How was Barry able to present that whole "infrastructure" thing and not call it stimulus? No matter what you call it, this plan stinks!
President Obama presents his jobs plan to a joint session of Congress