While our opinion leaders debate how long the markets will remain in flux, those who follow public opinion or run for office must realize that the rupture of faith between the leaders of our capitalist system and the investors who followed them with their hard earned money is deep, bitter, and long lasting. Those who so abused our trust as to lend money to people who could never dream of repaying it and who bought paper, with our money, backed by such shady loans have abdicated their positions of leadership. In their drive to expand home ownership so as to placate an ever larger constituency of minorities and poor people, the Democrats have saddled us with an unbelievable burden of government insured debt. And in their desire to reap profits from these enterprises, the Republican barons of Wall Street have inveigled us all into buying their stocks based on values inflated by fraudulently obtained loans. The natural reaction of voters is to wish for a plague on both the parties. Their animosity and hatred will not soon disappear and any who think themselves exempt are in for a rude awakening.
But all of this anger is being played out against the backdrop of a presidential race entering its last month. How will it affect the vote? In normal circumstances, it would impel a Democratic landslide. After all, the malefactors who made out like bandits were Republicans, the Administration and the regulators were Republican, and for most of the time the Congress was Republican.
But voters face a choice between a Republican Party whose image has been destroyed by its Wall Street allies and a Democratic nominee whose spiritual advisor is Rev. Jeremiah Wright. Whose financial backer is Rezko. The man who provided the money for his first real job was William Ayers. And, now it appears, that the object of his financial largesse and the organization for which he was Illinois general counsel was ACORN, massively implicated in voter fraud, funded, in large part, by Obama's presidential campaign funds. Are we to elect such a man president? Are we to trust the party of Wall Street with four more years at the till? That is the dilemma that makes this election unstable and unpredictable. May the least worst man win!
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