Saw it coming

There's much more talk lately about Going John Galt.

I think a lot of people saw the emerging Bush-Obama Recession as the opportunity to bail out of the system; and they're pulling all their wealth out of the equities market. The market is known as a proxy for the future value of the economy. The smart money has already left, and the rest of us are holding onto what little is left of the market expecting some kind of upturn.

Along comes news of another stimulus plan, there's a fourth AIG bailout, a planned tax on the small business owners, and it goes lower than even the most pessimistic of us would have predicted. In every likelihood it is not over yet, thus more people are talking about John Galt.

Consider what has happened in the last 22 years:

Ronald "government is the problem" Reagan
George "read my lips" Bush
Bill "era of big government is over" Clinton
George "exporting democracy at all costs" Bush
Barry "spread the wealth" Obama.

The decline into socialism was slowed by one democrat ( Clinton) and one republican (Reagan), accelerated by two republicans (Bush and Bush) and now the democrat (Obama) who will show you how it's really done.

How we got here is not surprising given that the "other" choices presented were Dukakis, Dole, Gore, Kerry, and McCain. Somehow we have to get out of the cycle of settling for the evil of two lessers.

As I mentioned earlier, the so-called "wealthy" are smart enough to put their money out of reach of Obama. Any attempt to take it from them will wind up hurting us all; the people who do make 250,000 will find a way to make it 249,999. People will move out of the expensive cities, take up permanent residences in rural America and live off the CDs and mattresses they created when the market and the economy were working. That's going John Galt. Believe me, it has already started.

Meanwhile, Obama, ostensibly seeking to become more notorious than FDR, is about to make the great depression look like a spring vacation.

Those who saw it coming in early 2008 are in pretty good shape. Hope you got your mattresses full.