RealDealPolitics.com

The “mainstream” media, which is anything but mainstream, and completely out of touch with the majority of Americans, won’t report on this, as usual, so I will.

The Dow Jones Index suffered it’s largest one-day-after-election drop in history,  declining almost 500 points in reaction to a socialist president being elected on November 4, 2008.

The media claims it has nothing to do with the election. Really? Because that’s the only important economic announcement that was made. Let’s get real, people. The market reacted negatively to a president-elect that has an anti-business platform and agenda. Simple as that.

Senator Obama has promised to raise taxes on people that have six-digit incomes, and higher. These are generally the people that create jobs and businesses. He also promised to raise taxes on businesses with six-digit incomes, which are obviously companies that create business and jobs.

Raising taxes in a time like this is about as ignorant and idiotic move as any politician could ever make, and yet he has promised to do so, and people still elected him, supposedly. I still have my doubts about that by the way. Lots of fraudulent votes out there.

At any rate, if you were a business investor, and you heard that the president and congressional majority leaders are planning to raise taxes on businesses and businesspeople, how would your outlook be on business?  There’s only one answer: it’s negative.

Today, November 6, the Dow has already tumbled another 200 points before noon as I write. What a shame.

I predicted in an email to a friend yesterday, that the Dow would lose 500 yesterday, and continue to decline for the rest of the year. I was right about the first part, and I will likely be right about the remainder. I will go on record here as predicting below 7000 by the end of the year.

The Marxist, anti-business agenda of Mr. Obama is not good for Wall Street, not good for business, and therefore, not good for the economy.

I hope the bottom 40% that don’t pay income tax appreciate the handouts they will receive from redistribution of my income and that of other businessmen, because the rest of us are going to get screwed big time.

The bottom 40% may get a handout, but if they want a job or better wages, they should have thought a little harder before pulling the lever for a Marxist, because their handout will pale in comparison to the opportunities that could have been created for them with lower taxes on businesses and other wage-payers.

The truth is that the recent decline of the stock market over the last month or so has been largely a reaction to the realization that a communist president would likely be elected.  You didn’t hear the media even suggest anything like that did you?

The democrats can scream “failed Bush policies” until they’re blue in the face. Then again, they already have. But let’s be honest, the economy was fine until the Democrat party took over 2 years ago, and caused the housing / mortgage crisis. The failure is and always has been the Democrat way of dealing with the economy: anti-business and pro-special interest.

That’s why I’m here folks, to give you the real deal.