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Saturday, November 15, 2008
We know capitalism abhors a socialist. From the WSJ...
The voters may be full of hope about the looming Obama Presidency, but so far investors aren't. 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.Higher taxes; the unqualified support of Labor Unions; the looming debacle of health care (no matter which plan emerges, Baucus' or Obama's, it'll likely cause health care costs to 'skyrocket', and we know what happens when services are socialized and marginalized); the installation of Al Gore's 'global warmalism' economy-destroying environmental and energy policies...all of these fanciful themes are anathema to a market economy.
Here we go. Barack Obama, the author of nonspecific 'change', is positioning to change our economy from a capitalism-based market economy to a socialized command sort of economy, one that gives social and environmental concerns priority by government regulation.
(Oh. That graphic is for Cowboy Blob's weekend pshop/caption contest. How does it fit in with a post lamenting Baracky's nascent economic policies?
How deep do you want to go?)
Labels: Al Gore, Barack Obama, economic CHANGE, Gorebage, photoshop, Politics
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