Author: Rory B. Bellows.
Investors are terrified of an Obama Presidency. Actually, if you have more than a dollar in your bank account and actually work for the money you earn, you should be terrified. Che Obamachev wants to take your money and give it to someone else for no other reason than he feels like it.
Here is my favorite part of the article about Fidel Obama:
Speaking to reporters recently, the Illinois senator complained that the United States has developed a “winner take all” economy in which profits from economic success have largely benefited the wealthy and left the middle class and poor behind. He told The Wall Street Journal that “globalization, technology and automation all weaken the position of workers” and argued that the government needs to make sure the fruits of success are distributed in a more evenhanded manner.
Great. The government is going to make sure the rich get poor and the poor stay poor by making sure resources are redistributed more “equally.” That sounds like the economic cure for all that ails us. You work and someone else eats off your plate. That sounds like the foundation for a booming economy.
Investors are panicking over the thought of Kim Jong-Obama in the Oval Office. From the article:
For one measure of investors’ fear that their hard-won battle for better tax treatment of stock dividends is in danger of being overturned, look at the behavior of the iShares Select Dividend Index Fund (DVY, news, msgs), an exchange-traded fund that tracks the performance of the stocks that pay the highest dividend yields. It’s down 24% this year — almost twice the 13% decline of the broad market. The steepest part of that decline came after June 1, when it became clear that Obama had bested New York Sen. Hillary Clinton for the Democratic nomination.
Castro’s Cuba will be a capitalist paradise compared to Obama’s America. Once Obama starts taxing the producers and investors at never before seen levels, America will no longer be in a mental recession, we will be in an actual recession that will last a long, long time.