Democrats Clamor For Market Chaos, DJIA 9000

And you thought today’s 200+ DJIA loss sucked? It could get seriously out of control by Monday.

Bernanke faces new opposition from Democrats

Federal Reserve Chairman Ben Bernanke’s nomination to a second term is in fresh jeopardy because of growing opposition from Senate Democrats, who have been battered by public anger about the economy and the political setback of losing a Massachusetts Senate seat to the Republicans this week.

At least four Senate Democrats have said they will oppose President Barack Obama’s decision to renominate the Fed chairman. Critics of Bernanke, who was named to his first term by former President George W. Bush, are pressing the case that he was an architect of policies that helped drag the U.S. into a period of recession and high unemployment. His term expires Jan. 31.

“It is time for a change,” Sen. Barbara Boxer, D-Calif., said Friday, hours after Sen. Russ Feingold, D-Wis., announced his opposition to Bernanke.

“It is time for Main Street to have a champion at the Fed,” Boxer said. “Our next Federal Reserve chairman must represent a clean break from the failed policies of the past.”

Bernanke received an important boost late Friday, when Senate Majority Leader Harry Reid, D-Nev., endorsed the renomination. But several other Democrats remained noncommittal.

Amid uncertainty about Bernanke’s fate, the Dow Jones industrial average dropped nearly 217 points, or 2.1 percent, on Friday, after falling sharply a day earlier on Obama’s announcement that he would pursue strict new banking regulations.

See also:
Bernanke’s Nomination in Trouble
Bernanke Reconfirmation Delay Adds to Market Uncertainty
Populist backlash puts Federal Reserve Chairman Ben Bernanke under siege
Growing opposition puts Bernanke approval in question
Opposition Grows Against Second Term for Bernanke
Wall St Week Ahead-Investors brace for earnings, Bernanke vote

Bernake is not perfect but he is the embodiment of market stability as far as investors worldwide are concerned. These frivolous Democrats had better come to terms with economic reality over the weekend and stop grandstanding.

/if this isn’t resolved over the weekend, brace for impact!

Because Destroying U.S. Health Care Is Not Enough

Here come the Democrats with cap and trade, right on cue, hell bent on destroying the U.S. economy, just not until they’re finished destroying the U.S. health care system first. Nevermind that the U.S. can reduce its emissions to zero and it won’t make a bit of difference toward affecting the global climate, so long as China and India don’t play along with the cap and trade scheme, something that both countries have rejected, in no uncertain terms. The only thing unilaterally imposing a cap and trade scheme on the U.S. will accomplish is to raise energy prices for consumers and devastate our economy.

Are Democrats deaf? Don’t they hear the American people emphatically saying no to their budget busting, tax and spend health care and climate change agendas?

Sens. Boxer, Kerry delay climate bill

Sens. Barbara Boxer and John Kerry said Monday the climate bill they are writing would not be finished until later in September.

The bill was expected to be ready when lawmakers returned next week.

“Because of Senator Kennedy’s recent passing, Senator Kerry’s August hip surgery, and the intensive work on healthcare legislation particularly on the Finance Committee where Sen. Kerry serves, Majority Leader Reid has agreed to provide some additional time to work on the final details of our bill, and to reach out to colleagues and important stakeholders,” Sens. Boxer (D-Calif.) and Kerry (D-Mass.) said in a joint statement.

See also:
US senators see climate bill delay
US climate change bill encounters new Senate delay
Climate-change legislation delayed — again
Getting Cooler? Senate Misses Another Climate Bill Deadline
Senate Democrats Push Back Climate Measure Schedule (Update1)

No, c’mon, bring it on! The timing is perfect for spewing forth another massive government boondoggle that’ll cost the American taxpayers trillions of dollars, put the country deeper in debt, and castrate the economy.

Seriously, go ahead and stick your Democrat fingers in the light socket, again. Big bonus points if you can get “card check” on the agenda too.

/talk about a political death wish