To The Editor:
Why is the stock market melting down now? Right now? Why not three months ago? Why not two months from now? Is it just coincidence that it’s in the final weeks leading up to the election? I don’t think so.
If Bush is perceived by the world at large, and investors in particular, as negatively as liberals suggest, then investment optimism should be growing as the prospect of his replacement by either Obama, or McCain, grows nearer each day. But that is not the case. It is just the opposite. It’s just the opposite because Obama is leading in the polls. Investors, knowing Democrats, especially the leadership Reid, Pelosi, Dodd, Frank and junior Obama have been on the take and mismanaging financial oversight of everything from Fannie Mae/Freddie Mac to the banking industry, are scared and on the run – with their money.
Putting Obama at the head of the government, in charge of the hen house, is more than “smart money” can tolerate. If you think the market is melting down now, just wait until Obama wins next month. If you are voting for Obama, you had best get what money you have left in the market out now. The “smart money” already has. They know something we don’t, thanks to our national media’s love affair with “change,” which has yet to be defined by Obama.
John A. Jauregui