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A commentary on the current fiscal crisis with a reference to the days of Robin Hood.

Pelosi announces a Trillion dollar spending package; Wall Street drops.  Obama flies to Denver to sign the largest governmental spending package in human history, and Wall Street slumps.  The market is responding as any sick person to misdiagnosis and incorrect treatments—it is getting sicker. Given the far-left love affair with Euthanasia, one wonders if they are simply trying out a new death machine on our economy.  Is Dr. Kevorkian advising our new president and his congressional minions?

Let me prognosticate: the market is going to lose half its value again.  I do not think that it is going to bottom out in the 7000’s, as many investors hope.  I believe that the Dems are driving it over the cliff and it will bottom closer to 3500 than 7500.  I am tempted to say the Dems are going to take it to zero, but a friend of mine who works in finances assures me that this is inconceivable, since companies have asset and cash value.  But what about that cash value?

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Inflation.  The more money that rolls off the printers, the less each dollar is worth.  The more they spend, the more they print.  Once they discover that they can’t print their way out of this problem, they are going to come full force after what remains in the private sector.  They will tax America into financial oblivion.  What then? 

We must go back to the days of Robin Hood.  Prince Obama and Sheriff Pelosi will never give up any of the fringe benefits they have accrued though years of public service, i.e. living off the taxpayer.  They will demand that we do our patriotic duty and continue to fund their pig roasts and their Maypole parties, while we eat bread.   They will root out every source of income and steal from the producers.  They will devour every truffle, and when the king dies in a far off land, they will know that they have won. 

Let us hope that the Republicans, who have newly rediscovered their principals of fiscal conservatism, may remember what they learned in exile.  Let us hope that their forced pilgrimage turns into a crusade which will last longer than one election cycle.