The Rant

Well I am "The Rich" if it means top 5%.  If Obama's plan calls for my cannibalization, perhaps I need to re-think my business plan.   

Listening to Obama reminded me of listening to Jimmy Carter.  Lots of fine language. Lot's of promises.  Increased benefits  for everything and everyone, and reduced taxes too!*   It would be terrific if this was all possible, but it seems to violate common sense.   Something for nothing doesn't work in the real world.  And why should the 5% who are going to be footing this entire bill risk their time and ingenuity in order to be insulted and taxed ad infinitum?  From each according to his ability to each according to his need.   *Unless you are part of the 5% highest income earners, in which case you are a greedy bastard. 

The markets reacted swiftly to the announcement that Vice President Joe Biden would oversee the implementation of the Spending Bill, dropping to lowest level since 1997.   The stock market, already in the tank, has dropped another 19.4% since election day. Obama is keeping his promise:  the market is changing.