from wsj editorial today:
Items the 40% stock market drop over the past couple months is accounting for under “President Obama”:
Treasury Secretary George Soros double taxing multinationals’ world-wide profits…resulting in full-scale industrial flight from the US.
Health and Human Services Secretary Hillary Clinton fixing drug prices (generously allowing 10% over the cost of raw materials)…destroying the financial health of the pharmaceutical industry (not to mention the nondiscovery of lifesaving drugs).
Energy Czar Al Gore’s five million new green jobs- high-paying, unionized and subsidized-to replace, at five times the cost, what we are now producing without those five million workers.
If the rise in the price of oil from $70 to $140 was due to “greed”, was the sudden fall from $140 to $70 due to a sudden outbreak of altruism?
-George Newman, “The Markets Are Weak Because the Candidates Are Lousy”
and many, many more interesting points. Check it out at the link on the right->