Stock Market Crashes 900 Points in 2 Days - Yes it Can, Change We Can Believe In
President Elect Obama's critics are now saying; "Be careful what you wish for!" In the two days after Obama was elected President of the United States the stock market crashed over 900 points.
This was the second biggest drop in 2-days, and it has not happened since 2001 after the terrorists attacked the World Trade Center buildings.
Apparently, Wall Street and the investor is not confident in an Obama Administration and feel that the voters gave the Democrats a mandate to deficit spend, add thousands of pages of regulations hampering business activities and a blank check to bail out businesses and create social programs.
All these sayings are contrary to free market capitalist economic beliefs.
It should not be surprising that Wall Street reacted this way and it shows that we are in for a prolonged recession as the Democrats keep spending.
Next up we can expect the UAW along with the automakers to tap into hundreds of billions of dollars of taxpayer money for their bail out.
The airlines will be next to lobby to get free money from the government and the government will not only be in the banking business; they will be in the auto business, the real estate business, the insurance business, the mortgage business and probably the airline businesses too.
When businesses are no longer in business, but rather have government as their partners in commercial enterprises; they will be less successful, less efficient, more bureaucratic and they never turn a profit.
Other nations, which have gone down the slippery slope have done nothing more than increased unemployment, make their businesses less competitive in global markets and continue these governments continue to deficit spend eventually destroy their economies.
To further protect their businesses they alter trade laws and create protectionism to prop up these inefficient and failing enterprises.
These companies become unable to innovate or keep up until they fail catastrophically or bring down the entire country.
This great nation, the United States of America, is founded upon capitalistic and free market theory.
It has worked very well for us and brought us to where we are today as the strongest and most economically viable nation in the history of mankind.
All that is about to change, but, I ask; Is not change you can believe in?
This was the second biggest drop in 2-days, and it has not happened since 2001 after the terrorists attacked the World Trade Center buildings.
Apparently, Wall Street and the investor is not confident in an Obama Administration and feel that the voters gave the Democrats a mandate to deficit spend, add thousands of pages of regulations hampering business activities and a blank check to bail out businesses and create social programs.
All these sayings are contrary to free market capitalist economic beliefs.
It should not be surprising that Wall Street reacted this way and it shows that we are in for a prolonged recession as the Democrats keep spending.
Next up we can expect the UAW along with the automakers to tap into hundreds of billions of dollars of taxpayer money for their bail out.
The airlines will be next to lobby to get free money from the government and the government will not only be in the banking business; they will be in the auto business, the real estate business, the insurance business, the mortgage business and probably the airline businesses too.
When businesses are no longer in business, but rather have government as their partners in commercial enterprises; they will be less successful, less efficient, more bureaucratic and they never turn a profit.
Other nations, which have gone down the slippery slope have done nothing more than increased unemployment, make their businesses less competitive in global markets and continue these governments continue to deficit spend eventually destroy their economies.
To further protect their businesses they alter trade laws and create protectionism to prop up these inefficient and failing enterprises.
These companies become unable to innovate or keep up until they fail catastrophically or bring down the entire country.
This great nation, the United States of America, is founded upon capitalistic and free market theory.
It has worked very well for us and brought us to where we are today as the strongest and most economically viable nation in the history of mankind.
All that is about to change, but, I ask; Is not change you can believe in?