Investors’ Real Fear: A Socialist Tsunami
The Crash: “Why has the market dropped so much?” everyone asks. What is it about the specter of our first socialist president and the end of capitalism as we know it that they don’t understand?
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.
THANK YOU! Go read the rest, it’s worth it!
I hate when the term “liberal” is applied incorrectly. zerO is NOT a liberal. He’s a democrat. Some dems are liberals. Some are not. Just like some republicans are liberal and some are not. Liberal is a broad-minded. zerO is not.