Sunday, November 09, 2008

Matty Boy may have a few words to say...

As a result of an election bet, Matty Boy has earned the right to post on my site for a while.

Now that Obama has won the presidency, it will become the job of his obsessed supporters to explain away the inevitable disappointments of a candidate who promised revolutionary changes in the country but is more likely to deliver little more than rhetoric and hot air.

Wall Street and the financial world greeted Obama by dropping 8% after the election. Yesterday Obama said he was sticking to his plan of allowing the Bush tax cuts to expire in 2010 and he wants to raise corporate taxes by various back-door means. Almost every aspect of his economic plan will do its part to retard a recovery in the economy.


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