People are claiming it’s simply the sub prime mess that’s causing market instability but they ignore the fact that the more Obama is up in the polls, the more people are pulling their money out of the market he’ll attack with his socialist policies. I myself have been stocking up on long lasting foods, buying the things I need in advance and adding more firearms and ammunition to the house in preparation for Obama’s Venezuelization of America during his term if he wins.
Remember, he’s likely to have a filibuster proof congress made up of Marxists who have already been caught palling around with Narco-Terrorists F.A.R.C. and are responsible for the sub-prime crisis in the first place. “Assault” weapons bans, business slaying taxes and a militarized A.T.F. are just some of the things we can look forward to. Obama supporter Evo Morales shows us what the Messiah’s endgame for we on the right will really will look like, and it isn’t pretty.
I’m not alone in loading up, taking my money out of circulation and stocking up on the tangibles an Obamunist government will make scarce, and I’m also not the only person who thinks investing in a country that’s going to go socialist in January simply doesn’t make sense. From Investor’s Business Daily:
The freeze-up of the financial system — and government’s seeming inability to thaw it out — are a main concern, no doubt. But more people are also starting to look across the valley, as they say, at what’s in store once this crisis passes.
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.”
In other words, since the government is going to be anti-Capitalist why should we fully participate in a Capitalist system? If Obama wins I’m pulling my money out the bank and putting it in some safe places. If they want to tax interest from savings why save? If small businesses are going to pay more taxes on their profits why run a business? After all when I blow all my money on canned goods and shotgun shells they’ll be this entirely new generation of entitlements available which will allow me to subsist on the taxes on “the rich.”
In this environment only a fool is putting his money anywhere near where the government can get to it. Only a fool would trust that the Democrats won’t implement the Maoist social revolution that their base is clamoring for. The smart money is panicking because America was the last bastion of free enterprise and come January there will be no country on earth with a free market. That’s why our market is tanking:
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.”
Business is worried but the average person should be more worried. Stock up on the things that are constantly in short supply in Communist countries and buy high capacity magazines now. We’re in for a long 4-8 years and I doubt many of us will see the other side of it if the Obama cult has any say in it. Welcome to the the beginning New Dark Ages, by this time next year, if Obama wins, we’ll be a second world country.
One thing you don’t need to put away for a rainy day is an extra laptop battery: if Obama is elected, say hello to the Fairness Doctrine and goodbye to political blogging.