Dems & the proletariat
[Carrol Cox, better get this guy on the phone! He doesn’t get how bad
the Dems are - imagine, policies favoring the proletariat!! This is
from David Rosenberg, Merrill Lynch’s chief economist.]
We are not sure if the equity markets are fully aware of this (or
maybe they don’t
care), but the Democrats now, according to the USA Today, not only
have an
excellent shot at taking the House, but the chances that they could
capture the
Senate moved to 50-50 based on polls taken in six key states
(Maryland, Rhode
Island, Tennessee, New Jersey, Missouri and Virginia). Charlie Cook
of the
venerable Cook Political Report is quoted as saying that “Cleary,
we’ve seen
momentum shift away from the Republicans and toward the Democrats”.
Imagine
how this shift could intensify if gasoline prices move back up or the
Dow fails to
sustain its record level between now and November 7th. Tax hikes,
protectionist,
pro-labor populist policies favoring the proletariat at the expense
of the capitalist,
the war on terrorism and lots more are at stake … since this will
also set the tone
for the presidential elections in ‘08.