Thankfully, the 2012 elections are now over, and President Barack Obama has been reelected, so that should calm markets because there is no longer uncertainty. We can now be certain as to which way the country is headed, and the types of policies that will be in place impacting business in the future. We also have no more certainty that rich people will have to pay a higher percentage in taxes than everyone else. As you know rich people are a minority, but we are going to stick it to that particular minority because the majority has voted for that. Okay so let's talk shall we?
Whereas, much of the economic uncertainty no longer exists, I would submit to you that preaching class warfare provides constant economic uncertainty. That is to say no one knows where the class warfare or populist political rhetoric will lead next. We watched this happen in Venezuela as their economy imploded, no business was safe, and it was the middle class which was crushed in the end. Those who were of great wealth, joined in the crony capitalism to serve Hugo Chavez's needs and desires for more power. Those who opposed him watched their wealth disappear, along with those who took no side in the political argument at all.
Socialism is very dangerous for any nation, and it especially gets dangerous when the leader of that country starts acting like a dictator. I fear that that is happening here in our own country, and the writing is on the wall. The only thing left now saving America is term limits, but if those term limits are ever violated, the game is over. At that point we've lost our country to the annals of history. How hard would it be for a socialist dictator to take over the United States? It wouldn't be hard at all. In fact anyone who studies constitutional law can surely see some of the quick maneuvers in times of crisis or created chaos where one could take over the country.
For instance, it has often been noted that "Martial Law" could be instituted preventing elections for a period of time, albeit brief. In the interim, a presidential leadership could seize control. The chances are that won't happen in our country, but if the citizens of the US voted in a certain direction, and if the mainstream media supported such a leader, then it is quite possible that this simple maneuver could ensure the transition from a Republic government with checks and balances to a supreme authority of one party, under one leader.
Do I think that will happen? Probably not, but each time we move closer to that we are doing ourselves a huge disservice, as we wrap ourselves in socialism, populist political rhetoric, and social class warfare. Please consider all this and think on it.
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