The markets lack confidence because they, properly, believe that the U.S. is about to elect and “turn-key” socialist
-Much of the world is essentially socialist. Projecting our fears and desires upon that world, in an attempt to explain our current economic difficulty, is mistaken. That world appears to actually prefer Obama. For that, they're fools, of course, but the fact remains.-
The poster is NOT projecting "our fears and desires" upon the world. He is saying that the fear is within those who look to long term investment, long term trust, long term enterprise, who otherwise do motivate the world's progress. THAT is not the "world."
Indeed most of the world does "prefer" Obama simply because most of the "world" emotionally, but subliminally, really does not care what happens to the explicit prosperity of the United States. No matter what "they" say, "they," our closest allies, an average citizen in France or Thailand, a politician in Denmark, etc. really do not care, any more than you or I care whether George Soros, or Sumner Redstone, or Warren Buffet, lose their mansions, or go bankrupt. At a distance "they" simply do not care a fig whether the United States remains aloof, OR MORE PROSPEROUS.
Henry Ford was very explicit about this.
It IS the whole point. The United States, beginning tomorrow, could become fortress America. Energy independent. politically independent, materially independent. But that is not what GWB, our corrupted Congress, our stupid economists, want.
And that is NOT isolationism, but rather independence, exactly the same as each and every one of us want to be.
Nationalism? You bet. But not the socialist kind.
There have been countless vanities and replies on Free Republic, postulating a purely political cause for the current situation. Is it fear of Obama today, or is it Obama supporters intentionally wreaking havoc? I’ve read impassioned arguments for both. Either one strikes me as myopic. The problem is much too huge, and has been building for far too long, for this to be the case, pro or con, in my small, distinctly unimportant opinion.
Could it be, that many see that trillions have evaporated, due to too-smart-by-half “innovations,” and they’re salvaging what they can?