Current Events Current events, including politics and culture.

 
 
Thread Tools Display Modes
  #1  
Old 10-11-2008, 10:56 PM
chette777's Avatar
chette777 chette777 is offline
 
Join Date: Feb 2008
Location: Puerto Princesa City, Palawan Philippines
Posts: 1,431
Unhappy Investors' Real Fear: A Socialist Tsunami

here is something you all might like to read and share. it comes from www.ibdeditorials.com

By INVESTOR'S BUSINESS DAILY | Posted Friday, October 10, 2008 4:20 PM PT
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?

Read More: Economy | Business & Regulation

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.
Throw in a media establishment dedicated to the implementation of a liberal agenda, and the smothering of dissent wherever it arises, and it's no wonder panic has set in.
What is that agenda? It starts with a tax system right out of Marx: A massive redistribution of income — from each according to his ability, to each according to his need — all in the name of "neighborliness," "patriotism," "fairness" and "justice."
It continues with a call for a new world order that turns its back on free trade, has no problem with government controlling the means of production, imposes global taxes to support continents where our interests are negligible, signs on to climate treaties that will sap billions more in U.S. productivity and wealth, and institutes an authoritarian health care system that will strip Americans' freedoms and run up costs.
All the while, it ensures that nothing — absolutely nothing — will be done to secure a sufficient, terror-proof supply of our economic lifeblood — oil — a resource we'll need much more of in the years ahead.
The businesses that create jobs and generate wealth are already discounting the future based on what they know about Obama's plans to raise income, capital gains, dividend and payroll taxes, and his various other economy-crippling policies. Which helps explain why world stock markets have been so topsy-turvy.
But don't take our word for it. One hundred economists, five Nobel winners among them, have signed a letter noting just that:
"The prospect of such tax-rate increases in 2010 is already a drag on the economy," they wrote, noting that the potential of higher taxes in the next year or two is reducing hiring and investment.
It was "misguided tax hikes and protectionism, enacted when the U.S. economy was weak in the early 1930s," the economists remind us, that "greatly increased the severity of the Great Depression."
We can't afford to repeat these grave errors.
Yet much of the electorate is determined to vote for the candidate most likely to make them. If he wins, what we consider to be a crisis in today's economy will be a routine affair in tomorrow's.
The King James Bible Page SwordSearcher Bible Software
  #2  
Old 10-12-2008, 09:22 AM
Gord's Avatar
Gord Gord is offline
 
Join Date: Mar 2008
Location: Burlington, Ontario
Posts: 171
Default

Quote:
Originally Posted by chette777 View Post
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?
exactly why in an other post I mentioned to please,

be WISE with your franchise.
  #3  
Old 10-12-2008, 10:03 AM
chette777's Avatar
chette777 chette777 is offline
 
Join Date: Feb 2008
Location: Puerto Princesa City, Palawan Philippines
Posts: 1,431
Default

that was the answer to the first part of the writers of the articles question, "Why has the market dropped so much?"

what was your other post you mentioned? I would like to look at your other post.
  #4  
Old 10-12-2008, 10:54 AM
Gord's Avatar
Gord Gord is offline
 
Join Date: Mar 2008
Location: Burlington, Ontario
Posts: 171
Default

http://av1611.com/forums/showthread.php?t=577
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

The King James Bible Page SwordSearcher Bible Software

All times are GMT -6. The time now is 06:55 PM.

Powered by vBulletin®, Copyright vBulletin Solutions Inc.

Website © AV1611.Com.
Posts represent only the opinions of users of this forum and do not necessarily represent the opinions of the webmaster.

Software for Believing Bible Study

 
Contact Us AV1611.Com