The day after Obama was re-elected by the uninformed masses, something amazing happened!
The stock market, WORLDWIDE, fell. The margins are different wherever you go, but they were all down. Here in the United States, our markets (pretty much across every index) were down 2.25% or so. Of course, a lot of the more informed people would say, “They were just selling off positions to re-position themselves based on his re-election.” This fantasy involves ignoring that Obama had been the President for the last 4 years. If they were re-positioning themselves, they must have already re-positioned once, so sure they were of his getting kicked out of office. Nope, this is just good ol’ fashioned, “Oh crap!” selling.
What’s more telling, however, is that the 10 year US Treasury dropped 6.11% IN ONE DAY!!!!! US Treasuries are supposed to be the most stable instrument. Okay, so the value of the US Treasury bond for a 10 year period dropped 6.11%. Question: What does that tell you about the outlook for our debt? People think that in 10 years, it’s not going to be worth crap. Ouch. Of course, what happens when the outlook for our debt becomes so bad that no one will hold it?
You elected him, America. Well, half of you did. Our half has to survive what your half did to us. Be forewarned, when our debt becomes worthless, and we actually do have to live within our means, your free Obamaphone, birth control, and other freebies stop. Medicare will stop too at that point. Social Security MAY stop, or they will give you the option of moving into “free” housing with “free” food…just like in Soviet Russia.
To all those “social” voters out there: When the Democrats had full power did they: Fix immigration? NOPE! Deal with gender inequalities? NOPE! Provide for gay marriage? NOPE! Legalize pot? NOPE! Get rid of the Patriot Act? NOPE! Close Gitmo? NOPE! Did they actually do any of the “hallmark” crap that Democrats love to give lip service to? NOPE! Gee, do you think all that talk is just to string you along and make you think that they have your back so they can get your support so they can go about doing whatever it is that they want to do which is rewarding their financial supporters and taking control of everything like health care?! How about that! What makes logical sense, don’t it? Huh, you know, that’s what actually paying attention to what’s going on and actually THINKING about it will do for ya. Give it a try.
Long Live the Constitution!