Pre-Election prediction by one of our nation’s most insightful commentators foresaw the devastating effects of an Obama victory, but no one listened:
“The stock market will not rebound unless and until it is clear that we have a president-elect who believes in the markets. Someone who understands that the people’s money is not his money, who accepts the principle that success is not a crime. Someone who has learned from history that raising taxes diminishes and distorts economic activity, causes businesses to cut jobs, and ultimately results in lost revenue to the Treasury.
The markets are right to fear Obama. If you want you want the markets to flourish, you don’t kill the entrepreneurial spirit of this country as Obama would by treating those who succeed as tantamount to criminals.
Tens of millions of Americans have lost trillions of dollars of net worth in the past three months. The best way to recoup that net worth is to grow the private sector, not the government. John McCain understands these principles, Barack Obama does not. Choose at your own peril.”