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IBD Editorials: A Socialist Tsunami?
Investor's Business Daily ^ | October 10, 2008 | Editorial

Posted on 10/13/2008 12:30:18 PM PDT by St. Louis Conservative

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 turns its back on free trade, has no problem with government controlling the means of production, imposes global taxes to support continents where our interests are negligible, signs on to climate treaties that will sap billions more in U.S. productivity and wealth, and institutes an authoritarian health care system that will strip Americans' freedoms and run up costs.

(Excerpt) Read more at ibdeditorials.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Politics/Elections
KEYWORDS: obama; socialism
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1 posted on 10/13/2008 12:30:18 PM PDT by St. Louis Conservative
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To: St. Louis Conservative
Wow!


Check this out....................WOW!

Click Here

I hope all of you will go to this site and see what the Catholics have done to encourage their 67 million people on election day. They don't say how to vote but they sure do get their message across.

(Worth watching and sending to everyone in your network)

2 posted on 10/13/2008 12:31:57 PM PDT by B-Cause (It's not what you gather, but what you scatter that tells what kind of life you have lived.)
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To: St. Louis Conservative

really thankful for IBD lately. They’re shooting straight and being honest and unafraid. Thanks for posting this as everything their editorial board is writing about socialism and propaganda are going on my blog.


3 posted on 10/13/2008 12:34:56 PM PDT by AmericanGirlRising
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To: St. Louis Conservative
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.

Nobel laureates in economics is not really a plus...but anyone got a link?

4 posted on 10/13/2008 12:35:25 PM PDT by sam_paine (X .................................)
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To: B-Cause; Admin Moderator

how many threads are you going to spam today with this? This is not a pro-life thread and neither are a host of the other ones you are posting this on. Everything has its place.


5 posted on 10/13/2008 12:36:37 PM PDT by misterrob (Obama-Keep the Change!)
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To: St. Louis Conservative

“The businesses that create jobs and generate wealth are already discounting the future based on what they know about Obama’s plans to raise income, capital gains, dividend and payroll taxes, and his various other economy-crippling policies. Which helps explain why world stock markets have been so topsy-turvy.

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.”

Well said. Sad, but well said. I call it the liberal guilt “death wish.”


6 posted on 10/13/2008 12:37:40 PM PDT by jessduntno (Good Grief.)
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To: St. Louis Conservative

Friends & Associates of Barack Hussein Obama


7 posted on 10/13/2008 12:38:30 PM PDT by Brown Deer
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To: St. Louis Conservative

I find it so outrageous that he’s running ads here showing how he’s a huge tax cutter, and McCain’s an increaser.

Unreal.


8 posted on 10/13/2008 12:38:33 PM PDT by MartinStyles
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To: St. Louis Conservative

If so, eventually the US will see investment leave, jobs leave, and talent leave. At this point all the left will be able to count on to keep people and their $ here will be nostalgia or threats of state violence.

I’m an American, but if America is killed by the lefties, then it’s off to that new land of opportunity. After all, our forebears once left their homelands in search of an opportunity to pursue their dreams.

Liberals are ultimately incredibly stupid. They’re children. They want everything and they want it now. Of course they expect the market to continue to turn out all of the innovative products it does. Yet they expect that massive government interference in the marketplace won’t change a thing.

Hopefully enough voters wise up and see the giant, putrid wave coming from the left.


9 posted on 10/13/2008 12:38:52 PM PDT by Harry Wurzbach (Rep. Thaddeus McCotter is my hero.)
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To: B-Cause

STRONG STUFF.

Pray that it works.


10 posted on 10/13/2008 12:40:11 PM PDT by Dick Bachert
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To: St. Louis Conservative

Obama will turn this country upside down.I’ve given up trying to talk sense to the libs at work.They(libs)are w/out doubt the most obtuse and arrogant people i’ve ever met in my life.


11 posted on 10/13/2008 12:40:14 PM PDT by Thombo2
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To: St. Louis Conservative

amazing...made me cry...I sure hope it works......


12 posted on 10/13/2008 12:40:21 PM PDT by HappyinAZ
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To: B-Cause

sorry..replied to wrong person...this vidio link is awesome!...thank yo so much for positing it!


13 posted on 10/13/2008 12:42:12 PM PDT by HappyinAZ
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To: MartinStyles

Maybe McCain should get the Justice Dept to bring charges against Obama’s campaign for telling falsehoods about McCain’s proposals. It would get some headlines and maybe focus some eyes on the coming Fascist govt we will have when /if Obama wins.


14 posted on 10/13/2008 12:42:19 PM PDT by xkaydet65 (Freedom is purchased not with gold, but with steel.)
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To: St. Louis Conservative
“WE THE PEOPLE” are called upon once again. Like we did with the immigration policy, like we did with the “ rescue plan”We found surprisingly that it does work and WE truley have the POWER. We all have a stake in this and not one of us can sit this time and say, my vote don't count, Obama’s going to win anyway, I don't like Mccain, I don't like Palin, or I don't care. GET UP OFF THAT COUCH ON NOVEMBER 4TH AND EXERCISE YOUR RIGHT AS AN AMERICAN CITIZEN. If the unthinkable happeneds you are to blame, you will pay the price, you will tell your grandkids that I should have voted back then, maybe things would have been different today! DO YOUR DUTY! BE AN AMERICAN! GET OUT AND VOTE! IT IS TIME WE STEP UP TO THE PLATE AND LET OUR VOICES BE HEARD
15 posted on 10/13/2008 12:44:54 PM PDT by ronnie raygun (THE NEW MILLIONAIRES CLUB : YOUR FRIENDLY NIEGHBORHOOD CONGRESSMEN)
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To: HappyinAZ
No soldier who has been in war wants a war.

That said, If we do not defeat this Communist take-over attempt, there will be a backlash like my generation has never seen. (I am 60)

I have kept the following quote for many years:

"Adversity employs great talents; prosperity renders them useless and carries the inept, the corrupted wealthy and the wicked to the top.

May they bear in mind that virtue often contains the seeds of tyranny.

May they bear in mind that it is neither gold nor even a multitude of arms that sustains a state, but its morals.

May each of them keep in his house, in a corner of this field, next to his workbench, next to his plow, his gun, his sword, and his bayonet.

May they all be soldiers.

May they bear in mind that in circumstances where deliberation is possible, the advice of old men is good, but that in moments of crisis youth is generally better informed that its elders.

Denis Diderot

Apostrophe to the Insurgents, 1782"

16 posted on 10/13/2008 12:50:09 PM PDT by Texas Fossil
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To: xkaydet65

This reminds me of the October, 1917 Revolution in Russia.

A hardcore well organized left with a dynamic leader, Lenin.
that utterely destroyed its other leftwing opponents, the Mensheviks
A demoralized population tired of war
A weak government, Kerensky,

Hardcore left today-leader Obama,
The defeated left-Clinton
Demoralized population-tired of Iraq war-high gas prices,
A weak government, Bush and possibly a weak opponent-McCain. I say weak-there are 3 weeks to go and McCain may surprise us.


17 posted on 10/13/2008 12:53:42 PM PDT by Maine Mariner
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To: AmericanGirlRising

IBD...is one of the treasures of honesty.


18 posted on 10/13/2008 1:00:07 PM PDT by Osage Orange (" I did not have radical relations with that man, William Ayers. " -Barack Hussein Obama)
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To: St. Louis Conservative
Hmmm..how to protect your assets?

Buy physical gold, sell US stocks (especially healthcare and energy), get OUT of US dollars? Buy foreign equities and currencies where capital is treated well (China? Japan? Australia? Canada?).

The dollar is so toast. All this spending and future liabilities. We will ultimately default or hyper inflate. There is no alternative to this.

19 posted on 10/13/2008 1:01:06 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Maine Mariner

When you compare here and now with 1917 Russia, don’t forget that Russia didn’t go Communist without a Civil War.


20 posted on 10/13/2008 1:03:46 PM PDT by cayuga (A 9mm is a .45 set to Stun. NRA-Life)
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