Saturday, October 11, 2008

Wall Street's Panic is an Obama Presidency

How much of the free-fall on wall street is due to the anticipation of the anti-capitalist government that may take over in January?

From Investor's Business Daily:

--------------
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.

Obama has the 1st Amd. Shaking in Its Boots

Michael Barone writes about what I have been worried about if Obama wins. With a democratic House and Senate, and judges on the supreme court, freedom of speech will be under assault. First up, the Fairness Doctrine. A liberal Mainstream Media will only become more powerful under the Obama administration. Now THAT is something to be worried about.

--------------
Congressional Democrats sought to reimpose the "fairness doctrine" on broadcasters, which until it was repealed in the 1980s required equal time for different points of view. The motive was plain: to shut down the one conservative-leaning communications medium, talk radio. Liberal talk-show hosts have mostly failed to draw audiences, and many liberals can't abide having citizens hear contrary views.