American Capitalism no longer exists
by
gmajesko
12/17/2008, 4:56 PM #
Anyone who is smart is borrowing on every asset that they can, negotiating the lowest rates and squirreling away the cash into gold or secured cash. No entrepreneur, risk taking investor will take a bet on America as long as we have Pelosi, Reid, and Obama in power. Nobody is counting on making money on their cash, they are counting on not losing. At some point the cash will buy very cheap and sell high later. This is where the "Smart" money is and will be for years.
Many of us predict at least 2 to 5 years of stagnation---either call it a depression or just stagnation, but as long as Dems are in control there will be no capitalistic solutions. Eventually the pendulum will swing back to capitalism as socialism fails. It took WWII to get us from FDR Socialism to the great nation that we are today--the envy of the world until 2006, when socialist Dems got control. Even the Clintons who learned to triangulate were removed from power as Hollywood, and lunatic left poured a billion into electing leftists and redeeming white guilt. Hopefully America will not have to go through this exercise again. We got our black, our leftists and let them prove that they are not what WE WANT.
I had no problem with Bush for 6 years, with a Repub Congress in control. In all other wars we lost more in 3 months than we lost in 5 years. We never changed the leadership in two countries and had elections in a shorter time than we did under Bush. It took us 8 yrs to recover from a surprise attack on Pearl Harbor and only two years under Bush. Of course Bush screwed us all with this bailout idea, but the Dem Congress, in two weeks screwed us worse, because we have no idea or control of what wall street banks can do. If it came to a vote on whether the Pres or Congress was more at fault I say Congress.