Wednesday, November 08, 2006

I, For One, Welcome Our New Insect Overlords

All hail Nancy Pelosi and her glorious new regime!
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Congratulations to the Democratic Party on its victory in this week's elections. Although I am a conservative, I have not been happy with the recent performance of the Republican Party. Runaway spending, typified by the Medicare prescription drug bondoggle, has been a hallmark of the last several Republican-controlled Congresses.

What matters to me is that taxes remain low, and that the Federal government reduces the urge to butt into my life. Many on Wall Street are betting that the Democrats won't have the balls to increase taxes now, as well as retreat from Iraq in the immediate future. I happen to agree with that assessment, and also look forward to legislative gridlock and some spending vetoes by President Bush.

For those of you that invest with me, stay the course but don't invest any new money. If the Democrats raise taxes or begin withdrawing from Iraq, that's your signal to begin selling and moving into cash.

I will be happy to answer any questions that you might have on investment strategy.


At 7:31 AM, Anonymous Richardson said...

While I've also been less than happy with the Republicans, I think that Democrats will only try to spend more and try to push the U.S. towards Euro-socialism (ala Hillary's healthcare etc.).

On taxes - the Dems have said they want 'spend-as-we-go,' which is good, but they'll also want to increase spending, on top of how much too much we already spend. They ignore the evidence that lowering some taxes actually increases revenue, and so will see not choice but to... raise taxes. Of course they'll blame the need to do so on the Republicans (how else?).

GI Korea *hoped* for a Democrat win, as he thinks two years of Pelosi will destroy any chance of the Dems winning the presidential elections in 2008. I hope he's correct.

At 9:06 AM, Blogger Mad Minerva said...

That graphic is all too accurate! *grin*

I hear you and second you on being disgruntled with the GOP and their dive into big government.

At the same time, I hear richardon's comment on the Dems' love affair with Euro-socialism even though that system is doomed in the long run.


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