13 November 2008

Investors Not Happy With Election of Obama

The market has not responded well to the election of Barak Obama, and the look of the coming Obama Reich.
No President-elect in the postwar era has been greeted with a more audible hiss from Wall Street. The Dow has lost 1,342 points, or about 14%, since the election, with the S&P 500 and Nasdaq hitting similar skids. The Dow fell another 4.7% yesterday. _WSJ
In fact, the market has been falling since September, as the likelihood of Obama's election grew more apparent. Indeed, Obama has very little to offer to investors and entrepreneurs except tax hikes, crippling new regulations, and growing obstacles to the new enterprise that the US economy desperately needs, to grow.

Wise analysts have long understood this greatest flaw in an excessively democratic form of government: non-productive voters will vote for policies that reward their non-productivity. Such policies necessarily penalize the productive in favour of the non-productive. This is the future that investors are seeing all to clearly, and it does not bode well for the future of the US economy.

The American electorate has been dumbed down in many ways. Ever since immigration laws were changed in the 1960s to favour third world immigration over immigration from Europe, the IQ of immigrants has plummeted. At the same time, educational practises in the US began changing to stress indoctrination into political correctness over basic education. Educational "dumbing-down" is now in full steam--witness the growing prominence of remedial classes at most universities, and at corporate employers. Thirdly, popular culture as represented by the news and entertainment media have been dumbed down and skewed ideologically to favour political correctness, and leftist viewpoints. University students are isolated on the basis of race, gender, sexual orientation, etc., and encouraged to think in neo-tribalist terms.

As a result, besides lacking neurological maturity and experience, dumbed down education and culture causes young voters to lack the historical perspective and other bases on which to make political decisions other than out of emotional reaction. A large portion of immigrants lack the understanding of the historical and philosophical basis of American constitutional government to make informed political choices. They decide on populist issues, typical of the third world where they originated. As a result, the US resembles the third world economically and culturally more and more.

The US grew to be a world economic powerhouse largely because of the economic freedoms allowed by the US Constitution, common law traditions, and legal codes. Over time, these freedoms have been squeezed and eliminated piece by piece. The Obama regime promises an accelerated elimination of freedoms in the economic, social, educational, and informational realms. Such an overbearing and negative revolutionary approach by government cannot help but hamper any economic recovery. Even worse, additional drags on the economy caused by radical environmental regulation--such as carbon hysteria motivated taxes and regulations on the energy industry--may sound the death-knell for the type of affluence and freedom Americans have been accustomed to.

Expect change. Lots of change. But not the kind of change you may have wanted. Obama zombies are on the march in government, in the media, in the schools, perhaps in your neighborhood. What are you going to do?

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“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell

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