Posted on 10/10/2008 6:26:10 PM PDT by Kaslin
The Crash: "Why has the market dropped so much?" everyone asks. What is it about the specter of our first socialist president and the end of capitalism as we know it that they don't understand?
And right now it looks like the U.S., which built the mightiest, most prosperous economy the world has ever known, is about to turn its back on the free-enterprise system that made it all possible.
It isn't only that the most anti-capitalist politician ever nominated by a major party is favored to take the White House. It's that he'll also have a filibuster-proof Congress led by politicians who are almost as liberal.
Throw in a media establishment dedicated to the implementation of a liberal agenda, and the smothering of dissent wherever it arises, and it's no wonder panic has set in.
What is that agenda? It starts with a tax system right out of Marx: A massive redistribution of income — from each according to his ability, to each according to his need — all in the name of "neighborliness," "patriotism," "fairness" and "justice."
(Excerpt) Read more at ibdeditorials.com ...
Another excerpt:
And right now it looks like the U.S., which built the mightiest, most prosperous economy the world has ever known, is about to turn its back on the free-enterprise system that made it all possible.
It isn’t only that the most anti-capitalist politician ever nominated by a major party is favored to take the White House. It’s that he’ll also have a filibuster-proof Congress led by politicians who are almost as liberal.
Throw in a media establishment dedicated to the implementation of a liberal agenda, and the smothering of dissent wherever it arises, and it’s no wonder panic has set in.
What is that agenda? It starts with a tax system right out of Marx: A massive redistribution of income — from each according to his ability, to each according to his need — all in the name of “neighborliness,” “patriotism,” “fairness” and “justice.”
It continues with a call for a new world order that
>And right now it looks like the U.S., which built the mightiest, most prosperous economy the world has ever known, is about to turn its back on the free-enterprise system that made it all possible.
thanks to a unionized urban public skool system and socialist universities cranking out ‘bots.
That is EXACTLY WHAT I HAVE BEEN SAYING FOR 2 WEEKS NOW
But don't take our word for it. One hundred economists, five Nobel winners among them, have signed a letter noting just that:
“The prospect of such tax-rate increases in 2010 is already a drag on the economy,” they wrote, noting that the potential of higher taxes in the next year or two is reducing hiring and investment.
It was “misguided tax hikes and protectionism, enacted when the U.S. economy was weak in the early 1930s,” the economists remind us, that “greatly increased the severity of the Great Depression.”
We can't afford to repeat these grave errors.
Yet much of the electorate is determined to vote for the candidate most likely to make them. If he wins, what we consider to be a crisis in today's economy will be a routine affair in tomorrow's.
Soros. Buffet. Orchestrated for Obama and stupid people who believe it.
It’s a vicious circle. The more the economy implodes, the more the public craves OPM (Other People’s Money, which they view as “the government’s money”); and the more OPM’s money is thrown around, the more the economy implodes.
This guy is evil, no one knows who he is. I am certain he does not either, because he is 100% focused on what he wants. And that makes for a dangerous person.
Step up the attacks; keep bringing up his past and his misjudgments. He has no future, if we stay true to the cause.
McCain / Palin 2008!!!!!
A lot of small businesses and investors are cashing out. Why should they work hard or try to make their money work hard if the majority votes to take it? Millions of them will be just fine for life.
yitbos
Conservatives are not blameless.
When the public school system began to rot, what did we do? We ran from them. First the suburbs, then parochial/private schools, and home schooling. Yes, we took care of our own, but who took care of the masses?
Bad choice.
The left zealously supports their candidates. The right can be tepid, as in the case with McCain. People like Soros fund huge efforts to misinform. We have to fund FR ourselves. Those with the most to lose, those at the top, are too busy making money to protect their mechanism.
Bad choice.
spot on accurate. The stock market went UP the Friday the House sank the first bailout...it’s crashed ever since it passed. I think capitalists realize whoever wins is going to have more government involvement in the market and the market is extremely nervous. Lots of people are cutting their losses while some money is left than weight for the nest bailout...or next regulation....they want their money before Obama gets in.
Same cycle as in the 30s. The Reds were working hard to turn the US communist then and people were buying it. We got “communism lite” with FDR.
Again, people are turning to the “safety and security” of communism during this rough patch. They are willing to give up freedom and liberty for security. We are reaping the harvest of 40 years of leftist indoctrination in our public schools and universities.
I pray every day we don’t lose our Republic to this filthy scumbag commie.
“I pray every day we don’t lose our Republic to this filthy scumbag commie.”
I’m with you. The man is evil. Obama lies just as well as Slick Willie, the difference is Obama has a much more malicious agenda for America.
I can’t even take comfort in people realizing what happened when Obama screws everything up. Obama will lay waste to America, and the media will blame it all on Bush.
This was all in the playbook of Ayers/Obama see “cloward piven obama” on Google.
McCain and Palin have an easy way to turn this around if they are smart enough. The FOUR times the Saudis oil reserves in the U.S. in the lower 48 in shale oil, coal diesel and ND oil.
This energy wealth would mean $750 billion a year stays in the U.S.. It means our country could be wealthier then Saudi Arabia very quickly. It means Islamic terrorism would almost cease because nbo money for trouble.
It means we have cheap energy for the next 150 to 200 years. Palin could be in charge and she would get it done.
This is the only way to recapitalize America’s wealth.
We had these wealth explosion booms for energy in:
PA then TX, then CA then the Gulf then AK. Now North Dakota.
This could turn all thise socialism sh*t around overnight.
>> The left zealously supports their candidates. The right can be tepid, as in the case with McCain
That last part is confusing. Do you mean, “McCain is a tepid candidate”? Or do you mean “the right’s support of McCain is tepid”?
Not without a fight. No matter who ‘wins’ this election, we’re in for it. There are certain things that I will not tolerate. And I’m not alone.
Actually, if Obama wins and the trend is towards even more socialism in D.C., people will be better off if they run their own businesses. It is better to be in the position where you see your money before the government taxes it rather then being in the position where the government taxes it before you see it. You have more flexibility with the former.
Socialists/Marxists hate the petit bourgeoise (middle class capitalist). They like a few, large, preferrably state owned companies. They are easier to control.
During the depression FDR was raising income taxes on the wealthy. He was pissed that the millionaires were avoiding his income tax increases. He ordered them brought in by the authorities and made to pay up.
The big boys took it a step further and first. They told FDR that if he persisted in his tax pursuits on them, they would shut down their businesses. Just close up shop. They did not need to work or take FDR's crap. FDR didn't need any more plants closing.
Long ago, an owner I worked for put it this way, "Why do I want to go through all this hassel for X% profit, when I can sell the company, put my money in U.S. Treasuries, and earn more while fishing in the Bahamas?"
yitbos
If you already have earned enough to retire, working for the socialists is not a desirable option. I can certainly understand cashing out in that case, but the majority of small business owners are not rich and they are not making a lot of money. They are getting by. The choice they will have, is to give up and become a wage slave for the socialist state or to maintain their independent self-employed status. I guess in the end the socialist will try to make self-employment illegal. In the case of the US however, our federal government will have fiscally collapsed long before socialism progresses that far.
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