Investors Flee Socialist Nightmare: Obama Dances on Economy’s Grave
Investors grew increasingly leery yesterday, as the Inauguration proceeded without a hitch and President Obama’s socialist/economic fascist dystopia grew ever more real. I guess they’re not caught up in the Glowbama.
The Dow Jones Industrial Average roller-coaster of 2008 grew even more intense following the successful election of Barack Obama, the Socialist Party candidate. His pledges to raise taxes on the wealthy and redistribute their earnings to the poor have wreaked havoc on the once-stable American economy.
As we can see from this chart provided by Google Finance, the market plunged from a high of over 9600 on hopes that a decent conservative, Sarah Palin, might become President, to below 7600 a couple weeks after the election, as the news sank in.
Optimistic investors came back for more, only to watch their funds vanish again as Obama approached the podium. Opening just below 8300, the Dow plunged below the psychological tipping point of 8000, closing at a tragic 7915.
What did Obama do?
Shook his groove thang at ten different Inaugural Balls, of course! And why not?
As Rahm Emanuel, Obama’s chief of staff, stated in late November, “You never want a serious crisis to go to waste . . . This crisis provides the opportunity for us to do things that you could not do before.” Well, Obama’s got his crisis, which is his grand opportunity to move the United States into the socialist/economic fascist nightmare he envisions:
Few Americans are aware of or can recall how so many Americans and Europeans viewed economic fascism as the wave of the future during the 1930s.
…
Virtually all of the specific economic policies advocated by the Italian and German fascists of the 1930s have also been adopted in the United States in some form, and continue to be adopted to this day. Sixty years ago, those who adopted these interventionist policies in Italy and Germany did so because they wanted to destroy economic liberty, free enterprise, and individualism. Only if these institutions were abolished could they hope to achieve the kind of totalitarian state they had in mind.
Many American politicians who have advocated more or less total government control over economic activity have been more devious in their approach. They have advocated and adopted many of the same policies, but they have always recognized that direct attacks on private property, free enterprise, self-government, and individual freedom are not politically palatable to the majority of the American electorate. Thus, they have enacted a great many tax, regulatory, and income-transfer policies that achieve the ends of economic fascism, but which are sugar-coated with deceptive rhetoric about their alleged desire only to “save” capitalism.
Dystopia, here we come. Are you ready for the Glowbama?
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I guess if you say it is true then it must be true.
Although if you ran an investment firm, I doubt if I’d give you my business.
I won’t mention that your logic resembles typical creationist reverse engineering. You start with your premise and then force the facts to fit it.
I can just as easily proclaim that the start of Paliban was responsible for the economic downturn, or that the Flying Spaghetti monster was angered with us for not eating enough spaghetti.
Actually, I started my premise by looking at the DJIA charts.
November 5, dramatic plunge. What major event occurred?
January 20, dramatic plunge. What major event occurred?
You’re not very SMRT, are you, Don?
NO I’m a big dumb christian hating jew. But it’s all in fun anyway.
You will be judged.