Bringing the DOW Jones Down....

I write this on a day when the DOW Jones Industrial Average has dropped well below the 7000 mark. How is our economy faring under President Obama's management?

• November 5, 2008: Dow drops 530 points the day after President Obama is elected.
• January 20, 2009: Dow drops 359 points the day the President delivers his inaugural address.
• January 28, 2009: The House passes their stimulus proposal after trading hours. The next day, the Dow drops 224 points.
• February 9, 2009: President Obama has his first prime-time press conference, followed by Treasury Secretary Geithner’s speech on the credit markets the next day. The Dow drops 381 points on February 10.
• February 13, 2009: The House passes the conference version of the stimulus bill in the afternoon, and the Dow closes 83 points down. After the Senate passes the final version late in the evening, the Dow drops 343 points the next day.
• February 17, 2009: The President signs the stimulus bill into law in Denver, CO. The Dow drops 293 points.
• February 25, 2009: The Dow drops 226 points the day after President Obama delivers his address to a Joint Session of Congress.

"Now, this type of data runs the risk of cherry-picking. So, in 2008, the Dow under President Bush averaged a loss of roughly 86 points per week. Since taking office, the Dow under President Obama dropped 1,217 points and has averaged a loss of approximately 202 points per week, or roughly 43 points per trading day. This is a rate approximately 2.5 times greater than under President Bush last year." [From Source]

When does President Obama stop and realize that maybe his economic policies of tax (the producers and job-creators) and spend (entitlement, pork, pet projects, big government) are killing our economy? Let me rephrase that, is President Obama even capable of changing course in the face of overwhelming evidence that his economic policies are destructive?

Recessions are a normal part of a cycling economy (thats what economies do, they cycle up and down, sort of like climate change cycles). President Obama is mimicking (actually well beyond mimicking, but raising the level of spending to an unprecedented level) the failed policies of the 'New Deal', which actually created and lengthened our country's great depression. These are the same failed policies implemented by Japan that led to their "lost decade". History shows that tax cuts, especially on the wealth-producers and job-creators, is what helps restore economic growth. So why are we doing the exact opposite and taxing them? Anyone? Anyone?