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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Wednesday, March 04, 2009

Obama is making Lenin proud.....

I do not like Jim Cramer, think that he is foolish but what he laments here rings true.

The stock market is a reflection of expectations and is not reacting to what we already know. It is not directed by anyone but is a massive voting machine on what millions of investors think about the future. The stock market is predicting a much worse economy than most pundits and the administration are hoping for.

Socialism does not work, the 70-year slide into socialism is now becoming complete. Socialism and government intervention in private transactions misallocates resources and lowers living standards sometimes dramatically. In this case, the living standards of Americans WILL fall dramatically over the next 5 years.


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