Friday, November 7, 2008
Flee in Droves
Investors are headed for the exits with the largest ever post-election drop and the biggest two day plummet since 1987. They know socialism-a doubling of the capital gains tax, increase in marginal tax rates for those earning as little according to Joe Biden as $150,000, and allowing the Bush tax cuts to expire prevent any chance of recovery and might precipitate a depression. Obama will have a cursory meeting today with Warren Buffet and his other economic gurus. These people are window dressing-dupes to cover the vicious redistributionist nature of the cabal that has taken over. Obama's team said they would pressure China on the artificial valuation of the Yuan. What a joke. Red China was just insulted by freedom-lovers protesting as their representative talked trade matters in Taipei. China in short order will cross the Straits of Taiwan and seize Formosa and the weak Communist sympathizing Obama will not do a thing about it beyond calling a U.N. meeting and a strongly worded protest. Russia just deployed short-range missiles in Eastern Europe and will move by fiat against her former republics and the weakling in the Whitehouse won't do a thing about it. He will however send American forces to the Democratic Republic of Congo where we have absolutely no strategic interests. U.S. forces will after all be pretty busy at home seizing our guns.
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