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America’s job creators offered the Obama administration’s economic plans another resounding vote of “no confidence.” Stocks are again plunging as President Barack Obama signaled a refusal to change the failed big-spending, big-government policies responsible for the current economic stagnation.

When markets opened after the biggest Election Day in presidential history, the S&P 500 tumbled 52.98 points, or 5.3 percent while the Dow retreated 486.01, or 5.1 percent. The Russell 2000 Index of small U.S. companies fell 5.7 percent to 514.64. The MSCI World Index of 23 developed markets decreased 2.5 percent to 982.98. The stock market declined again after Obama's State of the Union address.

I’m not a Libertarian, but I find myself agreeing with the party’s take on this issue. Libertarian National Committee Spokesman Donny Ferguson noted that each drop in the market represents real pain inflicted on working Americans by Obama’s dedication to policies that have been proven failures.

“Not only are they resounding votes of no confidence in Obama by the very people who create jobs, they are robbing Americans of their retirement savings and employment prospects,” Ferguson said.

Let the Market Do the Talking

You don’t have to take the Libertarian party’s word for it. Just look at the markets. The trouble didn’t begin when Obama took office, but the woes have grown worse as the bailouts stack up. In fact, the stock market has lost more than 10 percent of its value since Obama took office. If you pay close attention, you’ll notice that the markets usually plunge on days when the administration announces more plans to make government bigger and more expensive.

As Ferguson sees it, Americans are suffering through unemployment, underemployment, bankruptcy and foreclosure, and President Obama is adding to their pain by sticking with big spending that has never revived an economy. I agree with that statement.

Of course, I believe that all things work together for good to those who love God and are called according to His purposes. But what about all the once-rich and long-poor souls that don’t know God as their Source? What about the next generation?

Does Obama Really Get It?

Last night, Obama said, “I get it.” He wants us to believe he understands that we don’t want welfare handouts financed by crippling tax hikes on our children and grandchildren. Despite Obama’s reported studies of Franklin Roosevelt and how he handled the economic crisis of his day, I’m not sure he gets it at all.

History offers the insight we need: It was a world war that brought us out of the depression, not Roosevelt’s economic prowess. I’m not advocating starting a world war. So let’s look at a more modern example: When President Ronald Reagan inherited a lousy economy from Jimmy Carter, it was tax cuts that turned it around.

Reagan is whom Obama should be studying, and that’s what Obama should be doing – lowering the capital gains taxes and stimulating the economy the capitalist way, not the socialist way. I’ll give Fergusonthe last word: “No nation has ever spent itself into prosperity.”

Jennifer LeClaire is the editor of The Voice magazine and author of "Doubtless: Faith that Overcomes the World." You can also visit her online at www.jenniferleclaire.org.