Wednesday, November 03, 2004

The World Doesn't Hate Us After All

Either A) the world doesn't hate us or B) even if they do hate us they know which side their bread is buttered on.

With Bush's victory all but assured the vast majority of the world's financial markets are up from 0.3 to 1.7% overnight (sorry, no link, info auto-udates and isn't archived). In the US the stock markets are off the leash. Yesterday, as a contrast, fallacious exit polling data that showed Kerry with an early lead which sent the domestic markets straight down.

The message is clear: Bush is good for the (world) economy...Kerry, not so much.

Some will poo-poo this as meaning big corporations know Bush will molly-coddle them. Reality says that corporations, big and small, employ lots of people and lots of other people, including employees, invest in these corporations. Grandma's mutual fund and dad's 401(k) are tied to these companies. The products that grant us our standard of living and help us beat back the misfortunes of disease and hunger all come from these corporations (when's the last time a homeless guy cured leukemia?). These markets all seem to say we have reason to be encouraged by the economic liberties guaranteed by a second Bush term.

2 Comments:

Blogger Austin said...

What are you talking about? The world does hate us, go anywhere but the United States and talk to people, you'll hear about all the fun stuff we do. And of course companies love Bush! Lets see what does he give them: Less strict labor laws (the overtime change), less strict environmental laws (the repeal of the clean air act, and many more), his tax breaks and unclosed loopholes. Ever heard of corporate welfare? How come big companies that go bankrupt get a handout from the government and continue to live deficient lives? Oh yeah, its because people like Bush love to make money and make sure that their friends get lots of money too. There are no "economic liberties" that are ensured by Bush, only handouts to corporations. I am, by the way, no Kerry supporter, I voted Bandarik (Ohio couldnt vote Nader), and he is a true conservative that I can respect because he sticks to his principals, unlike some neoconservatives liek Bush. Try looking at www.badnarik.org and www.votenader.org to see what real liberals and real conservatives look like. This 2 party centerist stuff is crap. Its not like I'm trying to rat on you or call you stupid, but please, Bush isn't the right man, which is why I say vote with your conscience and vote third party.

November 3, 2004 at 10:30 PM  
Blogger Mr. Snuggle Bunny said...

I don't much care if the world hates us politically. I stand by my principles and won't sacrifice them just because old Europe starts whining. Nonetheless, my contention that the world still knows the US is an economic necessity stands unchallenged.

Actually I despise corporate bailouts. They're artificial and counter to the principles of free-markets. "Corporate Welfare" is mostly an unfounded perjorative. If jobs are outsourced its more than likely because A) government meddling (the kind libertarians are supposed to hate) makes it too expensive to conduct business or B) its grueling/menial labor most Americans are too lazy to perform.

As for tax breaks, make no mistake, corporations never pay taxes. If a company sells widgets for $1.00 and the government decides to levy a $0.25 tax on each widget sold you'd better believe the price of a widget will become $1.25. The only thing that does is make it harder for people to buy widgets. This is not to say I'm against all corporate taxes, but my point is obvious.

Thanks for the comments. Stop by again.

November 3, 2004 at 11:31 PM  

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