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Why Obama Is Beginning To Look Like A Typical Chop Shop Broker/Penny Stock Promoter

Posted by Timothy Sykes on Tue 9th of Dec, 2008 07:18:11 AM

Pretty amazing article Yahoo! has on Obama

I’m not the biggest politico in the world–read one of the smallest–but when I read stuff like that, I become very interested because it appears Obama is making some very Republican-esque choices and that’s not what he promised going in.

Says the article:

Liberals are growing increasingly nervous – and some just flat-out angry – that President-elect Barack Obama seems to be stiffing them on Cabinet jobs and policy choices.

Obama has reversed pledges to immediately repeal tax cuts for the wealthy and take on Big Oil. He’s hedged his call for a quick drawdown in Iraq. And he’s stocking his White House with anything but stalwarts of the left.

Now some are shedding a reluctance to puncture the liberal euphoria at being rid of President George W. Bush to say, in effect, that the new boss looks like the old boss.

It continues….

Obama drew rousing applause at campaign events when he vowed to tax the windfall profits of oil companies. As president-elect, Obama says he won’t enact the tax.

Obama’s pledge to repeal the Bush tax cuts and redistribute that money to the middle class made him a hero among Democrats who said the cuts favored the wealthy. But now he’s struck a more cautious stance on rolling back tax cuts for people making over $250,000 a year, signaling he’ll merely let them expire as scheduled at the end of 2010.

Obama’s post-election rhetoric on Iraq and choices for national security team have some liberal Democrats even more perplexed. As a candidate, Obama defined and separated himself from his challengers by highlighting his opposition to the war in Iraq from the start. He promised to begin to end the war on his first day in office.

Now Obama’s says that on his first day in office he will begin to “design a plan for a responsible drawdown,” as he told NBC’s “Meet the Press” Sunday. Obama has also filled his national security positions with supporters of the Iraq war: Sen. Hillary Clinton, who voted to authorize force in Iraq, as his secretary of state; and President George W. Bush’s defense secretary, Robert Gates, continuing in the same role.

So basically it was all rhetoric that got him elected…a typical financial BS move popularized by thousands upon thousands of snake-oil-dishing brokers and penny stock promoters.

OBviously, it’s too soon to tell if its really as bad as the author of that article makes it out to be, but it is rather disheartening…

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Tags:

  • jusblaze99
    Nova- yeah i know all about Dr. Doom... he rules, but im just trying to measure the sheeple level of some of the online community whose opinions actually matter to me (like tim).
  • NOVA
    jusblaze, tim could care less about the economy and politics he's too busy blogging, making dvds, responding to emails. Peter Schiff, Jim Rogers, Ron Paul predicted this economic collapse and everyone was calling them crazy. People can't handle the truth. Watch this video of Peter Schiff predicting this collapse and all the so called "experts" laughing at him. http://www.youtube.com/watch?v=B8r-nDBx5Jg
  • jusblaze99
    hey tim...
    i know this question IS NOT directly related to pennystocking, but i just want ur opinion since u seem to have good discretion.
    how do u think this whole economic downturn/obama/US in general is going to end???? if we go into a depression, or not, how bad do u honestly think things are gonna be a few years out?
  • NOVA
    yngva ya there's going to be change, change for the worse. The only good thing about obama getting elected is that the economy will be so bad after 4 years that he wont get another term. look at his polices and voting record, were still going to be the policeman of the world, have reckless monetary policy, Big government, etc
    If you really want to know the TRUTH you should Youtube Peter Schiff, Jim Rogers, and Ron Paul
  • YngvaiMalmsteve
    People need to chill. Obama isn't even in office yet. He's hardly done anything (or not done anything) yet and people are whining. Wait until he gets into the presidency and then bitch if nothing changes after a year or two.
  • bsl113
    OGXI - ROLL OVER! Good!
  • NOVA
    Joe calm down, CV is just trying to get Tim to realize what's really going on in our country and that obama and our government is a FRAUD! Most people don't understand the issues because they just listen to the mainstream media.
  • A
    If anyone is looking for a Timothy Sykes Pennystocking DVD, go here:

    http://www.timothysykes.com/store
  • O
    Obama said what he had to say to get elected.....He got all the poor people out that have never voted before and really don't understand what is going on, hence why he won. They just want the wealthy people to take care of them so they can be lazy and sit on there asses and do nothing!! OBAMA....Yes WE CAN...take care of all the poor lazy ass americans!
  • NOVA
  • NOVA
    Ron Paul 2012!!!
  • OGXI big morning drop, whether i'm in it or not, is why my strategy is superior and predictable
  • Throwing rocks at a hornet's nest... you're pretty good at that ;)
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