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Remember those old E.F. Hutton commercials?

http://www.youtube.com/watch?v=_PwP1EjaBik

Where is E.F. Hutton now? Doesn't really matter. The point is that the market is doing the same thing when B.H. Obama talks... but for different reasons.

Obama says he's going to fix the deficit by breaking all his promises and taxing "the rich" even more than we thought. The Market was listening.

Care to guess how much we lost as the words passed Obama's lips? How about tomorrow? Will we see 7000 again? Ever?

Over the next couple of days we're going to see the effects of B.H. Obama's words as the market and business reacts to his comments. But for those that didn't catch it or aren't paying attention, let me summarize it for you.

Obama (paraphrased) -

"IF you are lucky and still employed, know that your good fortune has nothing to do with hark work, persistence or dedication. It is blind luck. And being so lucky and fortunate, it is your patriotic duty to give back to those unlucky ones, those less fortunate than you. So, being the good society you are, we are helping you continue your good fortune by taking more of what you make and giving it to those that need it more than you do.

So if you invest and profit, you will pay more. If your Dad dies and leaves an estate, he and all of his family will pay more. If your good fortune should provide you with virtually any form of profitability, you will pay more. So that those that don't have as much, can share in your good fortune.

If you've maintained your Mortgage and are not in default, you will continue to pay the same amount for the same, unadjusted loan that you always have, while your neighbor in foreclosure gets the cost of his house cut in half, gets refinanced at a lower monthly payment and receives the bounty of instant lendable equity that he will undoubtedly go out and spend on buying that sweet boat with, while you ultimately make up his part of the failed mortgage industry.

Finally, my fellow Americans, Your government NEEDS to grow and be that Father you never had. You will always know that no matter where you are or what you are going through... as long as your are not successful... you can look up and see your Government looking down on you with comforting, caring eyes.

So we will be taking even more money from what employers there are left to grow ourselves so that eventually, when there ARE no more employers, ALL will have a place to go.

This is Socially Responsible Government and I am so proud that you support this socialized effort to save our Great Society by electing me so overwhelmingly, giving myself, Nancy Pelosi and Harry Reid these official "Do whatever I want to and get away with it" badges.

Obama Bless you and Obama Bless Sociali... er... America"

Uncle Sam? This milk tastes funny.

Scott