IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Investors' Real Fear: A Socialist Tsunami: "It isn't only that the most anti-capitalist politician ever nominated by a major party is favored to take the White House. It's that he'll also have a filibuster-proof Congress led by politicians who are almost as liberal.
Throw in a media establishment dedicated to the implementation of a liberal agenda, and the smothering of dissent wherever it arises, and it's no wonder panic has set in."
------------
The argument is that the continued selloff is the result of the public's reaction to the crash. They are moving to Obama. And that, the author says, is causing a secondary panic.
1 comment:
my understanding has always been that IBD is nothing more than a far right propaganda sheet, and that if you want real business information, you read the Wall Street Journal. The other buzz I've been hearing is that the market priced in an Obama victory some time ago, and would drop considerably farther if McCain somehow won due to fears he simply wouldn't respond to the crisis.
Post a Comment