President Obama assures us that the stock market’s vote of no confidence in his economic policies hasn’t phased him one bit.

The president compared the market to daily tracking polls used by politicians, saying that paying too close attention to Wall Street’s “fits and starts” could lead to bad long-term policy.

“The stock market is story of like a tracking poll in politics. It bobs up and down day-to-day,” Obama said. “And if you spend all your time worrying about that, then you’re probably going to get the long-term strategy wrong.”

Of course!  Investing is exactly the same as political tracking polls.

So all you old folks out there who are living off of your retirement savings, don’t get too caught up in the fact that your investments are worth 2/3 what they were when Obama took office.  Invest long term, and be sure to take into account Obama’s hostility toward profitable industries, and the fact that tax increases lead to decreased revenue and decreased economic growth, meriting more emergency government spending and further tax increases.

The market obviously isn’t at all like a political tracking poll, and if Obama had any understanding of the private sector whatsoever, he would know this.  A poll tells you what people think about you right now.  On the other hand, the market attempts to discount the future, people determine how much they are willing to pay for a stock based on how they think the company will perform in the future.  Since Obama was elected, and as the nature of his economic policies came to light, buyers have left the market in a stampede, sending a clear message that they think the future of business under this president’s policies is bleak.

Obama said he is not measuring policies against “the day-to-day gyrations of the stock market,” but by whether lending is flowing more freely, businesses are investing and the unemployed are going back to work.

It isn’t, they’re not and they aren’t.  Hmmm….if that’s what he’s measuring policies against, maybe it’s time to try something different, like cutting income taxes instead of increasing them, cutting capital gains and dividends taxes instead of threatening to increase them, promising not to shackle every energy consuming enterprise with carbon taxes, etc.  Perhaps Obama and his staff are too preoccupied accusing Rush Limbaugh of wanting Obama’s policies to fail to notice that Obama’s economic policies are failing. Obama’s policies are destroying billions of dollars of wealth daily.

I propose several talking points on the issue which may sound somewhat familiar:

The democrats have gotten us into an economic quagmire.  There’s no socialist solution to this economic crisis.  We need to change course on the economy.  The bailout surge has failed.  Obama lied, retirements died.

Using the last eight years of patriotic dissent as a model, I don’t consider these at all premature or in bad taste.

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