Posted on 02/20/2009 5:04:01 PM PST by Kaslin
Last Oct. 13, in trying to explain why the market had sold off 30% in six weeks, we acknowledged that the freeze-up of the financial system was a big concern. But we cited three other factors as well:
• The possibility of "a filibuster-proof Congress led by politicians who are almost as liberal."
• A "media establishment dedicated to the implementation of a liberal agenda, and the smothering of dissent wherever it arises."
No wonder, we said then, that panic had set in.
Today, as the market continues to sell off and we plumb 12-year lows, we wish we had a different explanation. But it still looks, as we said four months ago, "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."
How else would you explain all that's happened in a few short weeks? How else would you expect the stock market, where millions cast daily votes and which is still the best indicator of what the future holds, to act when:
• Newsweek, a prominent national newsweekly, blares from its cover "We Are All Socialists Now," without a hint of recognition that socialism in its various forms has been repudiated by history — as communism's collapse in the USSR, Eastern Europe and China attest.
Even so, a $787 billion "stimulus," along with a $700 billion bank bailout, $75 billion to refinance bad mortgages, $50 billion for the automakers, and as much as $2 trillion in loans from the Fed and the Treasury are hardly confidence-builders for our free-enterprise system.
(Excerpt) Read more at ibdeditorials.com ...
It won’t take long and it will be below 7000
I would not be surprised if by the end of summer, at the latest, that it will be below 5000
A clear, concise summary of what’s happening.
bump
We are in the wasteland indeed. It is intuitively obvious to any casual observer the current U$ Government doesn't want our tax dollars. NO!!! They are hellbent on the total annihilation of capitalism. They have no shame nor conscience. Our government is an oligarchy.
http://www.freerepublic.com/focus/chat/2136635/posts
“Are you looking for a job?”
Note: This thread is updated on a regular basis.
Or should I say, without a shot fired... yet?
Amazing << Hear this. Feel this, and tell me that this isn't music.
Hey Barack HUSSEIN Obama, I went to Harvard too! That was the worst fieldtrip of my life, but I went there...
what would the stock market be if ZerO said
1- no more corp taxes
2-everyone’s fica taxes is not half
3- i am going to seriously cut spending
4-no more bailouts
More than 14,000
ZerO knows this, and doesn’t care- he has a different agenda
He is going to try to change america into the soviet union with no military.
Obama will be a Eunuch by summer time. Quite remarkable.
And yes, to everyone who told me I was being paranoid, Obama really IS a communist.
Great link!!!!!!!!! Have sent it to several friends!
“Strategy for forcing political change through orchestrated crisis”
Sounds familiar!!
Take care………pilgrim
I’d be willing to bet that – except for gold and silver -- Obama’s key “handler” (Soros) is short every U.S. market and has his “boy” talking the markets down every day.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.