Wednesday, November 7, 2012

Guns & Money

(GAH! The new blogger interface, it sucketh!)

Well. It is well past the morning after the most depressing elections of my adulthood. With the help of the self-involved libertarians, the evangelical loon wing of the GOP, and the failure of what we shall laughingly call the leadership of the GOP we are doomed to 4 more years of a newly unleashed Obama, God help us all.

Within less than 24 hours of the election we have Sen. Diane Feinstein, Rep. Pelosi, and that stalwart Sen. Reid working on a new, improved and amazingly more far-reaching Assault Weapons Ban rumored to include anything semi-automatic, limit magazine size, and make no allowance for any grandfathered firearms.

Meanwhile, we have the Obama Administration itself suddenly cheerleading the U.N. Small Arms treaty - a back door into undermining the Second Amendment itself.

Valerie Jarrett wasn't kidding.

On the economic front, we face the ObamaCare taxes launching in January '13 (oddly convenient how they hit just after the election is over...). Of course, that'd be just the "five worst" taxes listed at that link - here are several others that'll launch in January and drain capital from the private sector and your pockets.

At the same time in the economic world, we have a "compromise" that involves tipping the U.S. economy over a cliff  if either the GOP or the DEM fail to blink (blinking is unlikely at this point).

Not surprisingly, markets reacted swiftly and continue to react. The dollar is falling internationally when last I looked, and the stock market plunged today. Expect more of the same as folks bail to hide their capital in safer climates until the storm of a second Obama Administration passes in 2016. The question is whether once stung, they'll come back.

It's going to get interesting, now that we have a rabid socialist set free from any concern about ever needing to be elected again.

Start thinking about how to ride it out, and rebuild. 

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