So I have finally emerged from the depression that was the Presidential Election. I find it humorous how pundits are blaming Bush policy of the falling stock market. That's odd since quite frankly the only role government has in the economy is holding it back with higher taxes, or encouraging growth by getting out of the way. My buddy Sully says two things drive the stock market: greed and fear.
Why are stock prices falling? Fear. The Democrat (Socialist) party is known for big government paid for by big taxes. Plain and simple. In the words of our President-elect, if you put lipstick on a pig, it's still a pig. Investors are bailing out of their positions, taking profits in the hopes of avoiding higher capital gains taxes. Right now it's around 15%, soon to be 25%.
The odd thing is that I totally expected stocks to sky rocket and a bunch of new jobs created just of the anticipation of the hope of change. Ok, yeah that was sarcasm. But hope doesn't change things, actions do, and it's those actions determine whether or not it's good or bad.
The problem with the ideology of the left, is that it takes a government to enforce their belief system. They don't do it on their own, in fact time and time again studies have shown conservatives are far more charitable than liberals. The conservatives feed the hungry and clothe the poor, while liberals wait for a government to do it. Conservatives take action to change the world while the liberals just hope for one.