I have found it interesting that, ever since The chOsen One took office and has been addressing The Financial Crisis in America™, the Dow Jones has responded by dropping to new lows every day. He signs something, the Dow responds with a big drop. And yesterday the Dow dropped below 7000. Change you can believe in. 

Robb Allen mentions how individuals are responding to the new tax situation. I can’t say I blame people… you work hard, then someone takes the fruit of your labor and flushes it down the toilet. But I guess forking over your hard earned money so people can just piss it away is patriotic now right?

At my previous job I worked with a group of Canadians. I asked them how it was living with socialized medicine, and sure it was there but it was hardly ideal. I recall one of my co-workers telling me how her grandmother spent 3 days on a gurney in a hallway because there weren’t enough rooms. 

I also recall my then-boss telling me how the year prior he had paid 52% of his income to taxes. He said it wouldn’t have bugged him so much if it was 49%, but to be able to say that he has to fork over more than half his income to taxes? That was very defeating on morale.

So way to go, folks. This is the change you wanted… let me know how it’s working out for you. It’s sure not working for me.

Updated: Larry Kudlow over at CNBC chimes in on this failure. (h/t to Rob).