8 hours ago
Wednesday, November 7, 2012
Well, It's the Day After
The day for post-postmortems, recriminations and Monday Morning Quarterbacking.
What the Hell happened yesterday?
Yesterday was worse than 2008. In '08 I expected McCain to lose. I wasn't looking forward to it, but I was expecting it. And Obama could have been a decent President.
But yesterday? We know what kind of President Obama is, and will be.
And re-elected him.
Over 60 million people in this country think Obama is leading us in the right direction. Seriously?
That tells me one thing; It's not just the re-election of Obama that will send us down the road to ruin, it is the voters in this country who think we need to head that way.
And that is just sad.
Whether it is the over-educated Marxists or the 'Obama Phone' class we apparently have a majority who think stealing from the producers to give to non-productive is okay. And if the rich aren't rich enough, borrow the rest.
Or just print more money. That won't hurt anybody, will it?
Did you know we are currently EXPORTING gasoline? So why is gas so high? It's not short supply; it's too many dollars in the market place. Oil trades in dollars. When there are lots of dollars in circulation their value decreases with respect to other currencies. When fewer pounds or yen or yuan are required to buy a dollar the price of a gallon of gas goes up. and when producers can get a higher price on the world market than they can at home, they export gasoline.
It's not a short supply of gasoline that is keeping the price over 3 dollars a gallon; its the Federal Reserve printing money like its toilet paper that is doing it. I don't see Obama shutting down the presses in his second term, do you?
If you want to have some idea where this will end, do a search on 'Wiemar Republic'. Those who don't know history are doomed to repeat it.
I'm not the only one who knows where this will lead. Did you notice that the Stock Market crashed today? Down over 300 points. Banks were especially hard hit. I wonder why? Could it be that the fear of new regulation will adversely affect profitability?
And watch the unemployment numbers the next few months. Right now new jobs are being added, and people are starting to look for work again. Look for that to change. the rate of unemployment may not change, but fewer and fewer people will be working starting in January, after the Christmas rush.
Or sooner, if consumers decide to keep their wallets in their pockets again this season.
The class that accepts money from the government may think Obama's policies are a good idea, but the people who fund that government do not. And they will vote a second time in the coming months. This time with their wallets.
Less investment in the market place means fewer jobs; fewer jobs means less money trading hands; less money trading hands means less revenue to the government; less revenue means another round of printing money.
And the Stock Market drops again.
But what the Hell will the folks who voted for Obama care? They'll be eating Government cheese and talking on their Obama phone.
As long as somebody else's money holds out.