So, I'm watching the FOX business block, and the champions and defenders of free market capitalism each dutifully rail against government excess, new regulations, subsidies and take-overs. Yet in the final two-minutes, when it's time to recommend a stock, they invariably select a company that stands to benefit from new regulation, government excess and take-overs.
In 2009 we got bail outs, stimulus, a tripling of the deficit, industry take-overs, cap and trade passed the house, the health care take-over passed both houses of Congress and the market soared.
It seems as if the top 20% of earners in this country actually believes that they can keep on truckin' without the bottom 80%. Their words say to the government "No, no, no." but their actions say "Go, go, go.".
The overt defenders of the new world order can't even bring themselves to decry multi-million dollar get-aways for government employees to hang around hotels and talk about their new contracts. The bribery that takes place in legislation is brushed off as "business as usual" which means, we shouldn't care. All news is good news so long as their favored party remains in charge. It reminds me of the prisoner in "Life of Brian" hanging upside down in shackles, talking about how great the Romans are.
I think that most people know that we are totally abandoning the founding principals of the United States. Many will even state opposition to it if you ask them. However, many of the same people believe they're going to benefit somehow in the short term, so they don't put up much of a fuss about it.
My optimistic side likes to point out that we still have the capacity to turn things around on a dime in this country. My pessimistic side observes that Rome was not destroyed in a day. There were multiple generations of misery before the once mighty empire finally dissipated onto the ash-heap of history. Are we headed for a similar fate? It's entirely possible.
I would urge all you market moguls to put your money where your principals are. Never mind the short-term trade and invest in freedom, or at least refrain from investing in statism. Money talks. Speak up!