If you need more proof that greedy, nationless, corporations and the parasitical appendages that analyze and enable them are detrimental to our country, look no further than this study of Wall Street’s investment professionals.
When asked what their “single greatest economic worry is for 2008,” did they choose recession, or sub-prime loans, or the national debt, or oil prices, or the trade deficit, or the falling value of the dollar? Of course not. The thing these elitist moneychangers fear the most is a Democrat in the White House. They are so consumed with their own partisan, selfish greed that 22% of them consider a president elected by the American people to be worse than even a terrorist attack, which was only chosen by 13%. To compound the extremism of their blind self-interest, 81% of them also cited a capital gains tax increase as their greatest tax concern. That shouldn’t really come as a surprise to the vast majority of Americans who pay only income taxes. The ruling class is always angling for the tax burden to be further shifted to ordinary citizens.
What is surprising is that these supposed financial wizards are so ill informed about their own business and history. A little research would enlighten them to the fact that Wall Street traditionally performs better during Democratic administrations:
“…the Dow Jones industrial average has returned an average of 6.4% under Republican presidents and 9.1% under Democrats since 1901.”
This study underscores the reasons why the Wall Street constituency deserves to be ignored with regard to public policy. They are so thoroughly removed from the mainstream of society as to be irrelevant and even harmful. This is also an affirmation of the candidacy of John Edwards who has made challenging these powerful special interests an integral theme of his campaign. If nothing else, he needs to be there representing a point of view that the other candidates dismiss.
The study should also serve as a wake up call to politicians and activists who are concerned about the undue influence of these Capitalists Gone Wild. We must be much more aggressive in advancing lobby reform and public financing of elections. As long as these jackals use their wealth and connections to shape Washington to their liking, the people’s voice will be drowned out and disregarded.
The people’s voice is already being lost in the din of propagandists like Rupert Murdoch who now owns the daily Bible of these market mavens, the Wall Street Journal, as well as his own disinformation vehicle on cable TV, the Fox Business Network. FBN was launched with the promise that it would a more “business friendly business network.” And that’s on top of the already prominent friendly coverage that is broadcast on the Fox News Channel. Note this graphic evidence that last October Fox News was already laying the groundwork for Wall Street’s fear of Democrats.
The graphic of the survey results above was also featured on Fox News. If people aren’t already anxious about the economy, jobs, mortgages, health care, and terrorism, Fox is devoted to manufacturing anxiety in every way they can. They are fully committed to the use of dire threats of catastrophe in order to advance their agenda. And isn’t that the definition of terrorism?