Is Obama trying to destroy the stock market?

Doug Ross argues that President Obama is intentionally attempting to bring the stock market to its knees so that he can say, "The free market has failed just as it failed the housing market!"

I doubt that this is the case, though ideology rather than reality certainly guides the administration's policy positions. That ideology will create economic disaster as it has in the past.

Ross makes the very helpful point that all of the Obama proposals point in the direction of enlarging the national government and its role in peoples' lives.

Obama has announced a new $3.55 trillion dollar budget. The GDP for 2008 is estimated at approximately $14.58 trillion. One can only imagine the outcry if one company controlled 1/4 of the national economy, yet the Obama budget grants control of about 1/4 of the national economy to the government in Washington.

This grants far too much power over the national economy and the country itself to the government. This encourages the graft and corruption already rampant in Washington.