ARRA News Service
News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles. Fair Use Doctrine is posted & used.
Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
    Home Page
   

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Tuesday, October 08, 2019

Will Capitalists Fight Elizabeth Warren, Or Sell Her The Rope She’ll Hang Them With?

by Thomas McArdle, I & I Editorial Board:: With President Trump facing a high-risk impeachment, and far-left Democrat Elizabeth Warren now beating Joe Biden in national polls — including the latest IBD/TIPP poll — anyone on the productive side of the economy should be deeply worried, and ready to do anything to prevent Warren from getting the keys to the White House.

Instead, some are already trying to make peace with the prospect of a Warren presidency.

The chief of U.S. equity strategy for Canada’s RBC Capital Markets signaled on Monday that maybe an Elizabeth Warren administration won’t really be that bad. “Any pain from a Warren win is likely to be temporary,” Lori Calvasina reassured investors in a report that included a survey showing that many of the firm’s industry analysts at least partially agreed.

“Most of the sectors at high risk under a Warren presidency from a policy perspective (Financials, Energy, Health Care, Industrials) are already deeply undervalued versus the broader market,” she added.

There’s the silver lining of potential market winners too, such as small caps, according to the RBC report. And besides, a Warren presidency could be “supportive of the already growing popularity of ESG as an investment approach,” according to Calvasina, referring to using the criterion of “environmental, social and corporate governance” or so-called “socially responsible” investing.

Plus Warren breaking up, say, Amazon might be good for brick-and-mortar retailers. (You know, the way Ford Motor Co. going bankrupt in the 1900s would have been good for stagecoach makers.)

“The stock market tends to go up over time, regardless of who occupies the White House,” Calvasina wrote. “Ultimately we think corporate America and U.S. equity investors would learn to adapt to new political leadership, as they always do.”

Maybe the citizens of Hong Kong ought to start thinking this way. Just lie down and let the Communist Party of China come on in and take over completely; capitalism is resilient enough to survive any kind of beating that intrusive Big Government can think up.

As opposed to this, some big Wall Street players have been found expressing concern in hushed tones. And some figures in big business who traditionally give to Democrats recognize the Warren threat and warn that they will act accordingly — again, speaking privately.

No Silver Linings For Business Under Warren
There’s no mystery motivation here. People in the business of making money want to be able to play ball with whoever occupies the Oval Office. But more soldiers have saved their own lives in the face of the enemy with artillery than with wishful thinking, and business and finance shouldn’t kid themselves: Sens. Warren, Bernie Sanders, Rep. Alexandria Ocasio-Cortez and the like are their mortal enemies.

What they should be fearful of is not identifying and fighting the adversaries of the market, but of taking a hand in fulfilling Lenin’s prophesy that “the capitalists will sell us the rope with which we will hang them.”

Not to say the left in America has immediate plans to hang capitalists to death. As the Wall Street Journal’s Bill McGurn, appearing on Fox News last week, said of post-Mao Beijing’s hard-line policy toward staunchly capitalist Hong Kong’s aspirations for freedom, “It’s always been more about Lenin in power than Marx in economics. They might want to get rich but they want control.”

The left in this country might not wave little red books with quotations from the Chairman , but it wants to control as much of the American economy as it can. Warren’s schemes, for instance, include a $3 trillion “wealth tax” on those who possess $50 million or more, and the requirement that larger U.S. corporations “obtain a federal charter from a newly formed Office of United States Corporations” in which groups of people with no ownership stake would be making corporate decisions. Her promises of a Green New Deal, Medicare for All, free college, and vast multiplication of regulation would more than double the size of government, and spread corruption in society and state more akin to that of Beijing or other totalitarian regimes.

On Monday she even proposed banning judges from owning stocks.

There’s an alternative to the sorry spectacle of the seemingly endless supply of self-loathing, guilt-ridden, pusillanimous capitalists. From Wall Street to Main Street, leaders of business and finance should explicitly warn of the Warren threat, and they should unashamedly explain the goodness of the free market, the moral superiority of a system that has lifted countless millions of proletarians — who never invested a dime — out of destitution. Don’t know how? Search YouTube for “Milton Friedman.”

Or ask J.P. Morgan Chase CEO Jamie Dimon, who did a pretty good job earlier this year in his annual letter to shareholders. “Socialism inevitably produces stagnation, corruption and often worse — such as authoritarian government officials who often have an increasing ability to interfere with both the economy and individual lives — which they frequently do to maintain power,” Dimon warned. “This would be as much a disaster for our country as it has been in the other places it’s been tried.”

Thanks to the vast majority of young Americans being products of government-run schools, there is a woeful deficiency in understanding economics and appreciating a free market society. They need a dose of truth from the mouths of leaders in the private sector.

Instead of slipping anonymous quotations to reporters and looking on the non-existent bright side of what would be a very dark future under the rule of haters of capitalism, its time for more capitalists to buy themselves a backbone and stop selling the free market short.
---------------------
Issues & Insights (@InsightsIssues) is a new site formed by the seasoned I & I Editorial Board journalists behind the legendary IBD Editorials page. We’re doing this on a voluntary basis because we believe the nation needs the kind of cogent, rational, data-driven, fact-based commentary that we can provide. Article by Thomas McArdle.

Tags: Thomas McArdle, I & I Editorial Board, Will Capitalists Fight, Elizabeth Warren, Or Sell Her, The Rope, She’ll Hang Them With? To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service and "Like" Facebook Page - Thanks!
Posted by Bill Smith at 10:10 AM - Post Link

0 Comments:

Post a Comment

<< Home


View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More


Also, Join & leave conservative posts & comments on
Facebook.com/ARRANewsService


Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
State Upper & Lower House Members
State Attorney Generals
State Governors
The White House
US House of Representatives
US Senators
GrassFire
NumbersUSA
Ballotpedia

Facebook Accts - Dr. Bill Smith
Pages:
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.

Patriots
Exchange
Links

Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
America's Best Choice
ARRA News Twitter
As The Crackerhead Crumbles
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report - Obama Regime Report
Chuck Baldwin - links
Common Cents
Conservative Voices
Diana's Corner
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Marathon Pundit
Patriot's Corner
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Sultan Knish
The Blue Eye View
The Born Again Americans
TEA Party Cartoons
The Foxhole | Unapologetic Patriot
The Liberty Republican
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
TOTUS
Twitter @ARRA
Underground Notes
Warning Signs
Women's Prayer & Action
WyBlog

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Action Forum (AAF)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
FairTax
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
OathKeepers
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Truth in Accounting
Union Facts



Blogs For Borders

Reject the United Nations

Presidential Prayer Team

Thousands of Deadly Islamic Terror Attacks Since 9/11


FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger


  • To Exchange Links - Email: editor@arranewsservice.com!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting principles & beleifs beliefs of other organizations, this blog/site is soley controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2020 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.