Saturday, June 28, 2008
So you're a Republican and you still support Bush. Hope you weren't planning on retiring any time soon. "It's the economy, stupid." Can you say "Bear Market"? As of Friday, the Dow Jones is off more than 20% from its peak last October which is the definition of a Bear Market.
Leading the charge down the hill are GM and Citibank. Let's see, that's the manufacturing and financial sectors. Well I guess there's still services - oh that's right, we outsourced those to India and China.
On the bright side, Disaster Capitalism related stocks should be doing great in the near future. What with the coming Iran War. Those cruise missiles don't come cheap you know. (Around $569,000 per Tomahawk according to the US Navy.) Disaster is definitely a growth market. The next disaster will be the crash of the Stock Market.
What Osama Bin Laden and Al Qaeda couldn't do, Bush has accomplished in just 7 years since 9/11 - the total destruction of the US economy. As a bonus, the American People have been stripped of their rights and the US Constitution has been trampled into dust.
Terrorists have no need to be jealous of us for our freedoms anymore - we don't have any! The Orwellian Dept. of Homeland Security is relentlessly planning for the coming Police State. Thought FISA was bad? Next up is a massive finger print database. Its starting with them foreigners that come visit us. But it won't be long before your drivers license includes biometric data as well.
The Europeans in a tit for tat move will require American tourists to submit to fingerprinting. Of course that information will be shared with American law enforcement, so the end goal of the US government's increasingly oppressive surveillance of its citizens is accomplished.
Now wasn't it Republicans that were constantly warning us of the evils of a Communist Police State? I guess its not so evil if its a Capitalist Police State. But what are you worried about - you're not a terrorist are you? The same comforting words were spoken by Uncle Joe, just before and after the latest bloody purge in the USSR.
Uncle George is watching. And soon it will be Uncle Barack. Just like in the Soviet Union we will be saying "if only Uncle Barry knew"? Guess what? He knows and he doesn't give a damn about you.
As Pogo used to say, "we have met the enemy, and he is us".
Posted by Frank Hope at 6:19 AM