Barrack Obama hates you. Obama's Administration will hate you. And a substantial majority of Congress will, as well. Well, maybe not you personally, but people like you. People who have succeeded, people who have money and material possessions. They'll be coming after you, and you'd best realize it, and realize it fast. "The rich" will see their taxes raised to confiscatory levels. A new era of unionization and government regulation is at hand. Cradle-to-grave socialism is on the way. Affirmative action will be redoubled. Any thoughts of a border fence have gone *poof* -- undocumented aliens will not only be welcomed, they'll be given drivers' licenses and tuition-free admission to community and state colleges.
Internationally speaking, we'll be the new France.
I would suggest curling up into a fetal position, but fetuses especially are now in danger.
There are limited defensive measures available, but here are some thoughts:
View this as an opportunity to do a thorough house-cleaning of the Republican Party. For the first time since 1954(!) there will be neither a Bush nor a Dole in Congress or the White House. Not that the late Senator Prescott Bush (R-CT) bears the blame for the current mess. But the Party, once it got into power in both houses of Congress as well as the White House, completely and utterly lost its way. In spending, the GOP made LBJ's Great Society spending seem stingy. A blogger on National Review Online correctly noted that the architect of the McCain-Feingold campaign finance law was hoist on his own petard. The mad rush -- expected of the Democrats but not of Republicans -- to afford everyone, regardless of creditworthiness, initiative, responsibility, or common sense the "right" to own a house proved to be a disaster. In these areas and in many others, the GOP has earned its new name: the Stupid Party. Time for new leadership. Our next Presidential candidate? Palin? Maybe, but I'm lukewarm. Jindal? Better. Burr? Worth a look. I'd ditch the House Minority leadership, and go younger there, too. The Senate situation is almost too depressing to comment on, so I won't.
On a more personal level, I'll be selling domestic stocks into any rallies, except gold stocks. And I'll redouble conversations with financial advisors on near-cash instruments, foreign stocks, and most of all tax planning. Since taxes on "the rich" will skyrocket, and since there will be massive transfers of wealth to "the needy" (after the bureaucracy takes a healthy cut), I deem myself free, for now at least, of any moral imperative to make charitable contributions. I have been fairly generous in the past, and even in the current rough year, with donations to my alma maters, to a couple of diseases, and to the Salvation Army. That ends today. Not one more dime. Why should I, now that I'll be doling out big bucks via taxes for meals on wheels and the like?
Hunker down, boys. The wolf is at the door, both financially and ideologically.
Good post. Well thought out and on the mark.