Today marks the fiftieth day since President Barack Obama was sworn into office. In his first 50 days he has met challenges, and accomplished much. For better or for worse is for you to decide.
Here is a review, in chronological order, of what President Obama has done in his first 50 days in office.
January 20th: Inauguration Day. The Stock market sitting at just above 8279. After Obama is inauguration, the DOW closes 330 points down on the day.
January 22nd: The President signs an executive order closing the Guantanamo Bay detention facility.
January 26th: With much controversy, Timothy Geithner, the head of the IRS, is confirmed despite his failure to pay $34,000 dollars in taxes.
February 3rd: Health and Human Services Designate, Frm. Sen. Tom Daschle, withdraws his nomination from consideration. His reasoning being none other than, tax problems. Mr. Daschle failed to pay income taxes on a car and driver given to him for four years, to drive him wherever he needed to go.
February 4th: The very next day, President Obama signs into law a bill that increases a tax on cigarettes by 61 cents. A promise broken from earlier in the campaign. He promised not to raise any taxes on those making under $250,000 a year.
February 9th: Obama's first prime time spotlight. He holds his first Presidential News Conference in the east room of the White House. He called for huge increases in government spending, yet failed to produce one example where government spending lead to increased prosperity. He also made a bold statement saying, "There are no earmarks in this bill."
February 10th: Treasury Secretary Timothy Geithner announced a vague plan on how the Obama administration would attempt to fix "bad" banks. The DOW closed 380 points down on the day.
February 13th: The House and Senate push through the stimulus bill less than 20 hours of the bill coming out of the conference committee. The DOW drops 82 points.
February 17th: Obama signs the Investment and Recovery Act of 2009 into law. The DOW finished 293 points down on the day.
February 24h: Obama address' a joint session of Congress. He claims: his views do not include big government, his stimulus bill is good for America, and it contains "no earmarks".
February 26th: Obama releases his budget outline which raises taxes on individuals, small businesses, capital gains, dividends, and foreign source profits of corporations while eliminating several energy tax credits.
March 4th: While testifying before the Senate, Treasury Secretary Geithner is challenged by Finance Committee chairman Max Baucus (D-MT) as to the invention by the Obama administration of a new metric -- "creating or saving" jobs -- the very same metric Obama claimed on Feb. 9 is the most important measure of success.
March 5th: The Treasury Secretary, admits before the Senate Finance Committee, that the Obama budget will raise taxes on small businesses. There is a trend it seems. The DOW dropped 279 points.
March 9th: DOW closes at 6,547. A 21% drop from Inauguration Day.
Source: http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=PR&date=20090310&id=9684293
How the 'New' Socialism Falls Apart
1 day ago
Posts
I give the Obama Administration an F. F for FAILURE.
ReplyDeleteI'm not sure I would say they have failed completely, though the first 50 days have not been going as planned for the Obama folks. Somehow, the president is keeping his approval ratings high. He is leading America down the wrong path, and yet many Americans fail to see we are on a path to socialism. I'm going to keep an open mind Casey, but I would agree with you in your disapproval.
ReplyDelete