"The main theme is not to invest in America," he says. "That means non-USA oil and gas companies. The antidrilling prejudice and windfall-profits enthusiasm will drive the United States to actually import more oil...Swell. But heck there are some bright spots:
...
"Avoid financials like Charles Schwab, since Obama believes in rewarding 'work not wealth,' so people who work at investment houses and their private clients will be taxed more to demotivate investment. The government should invest and individuals should not invest. That is a constant theme from the Obama camp.
"Non-U.S. health care: New, free medical-care program will kill drug prices and kill discovery budgets as science shifts from disease (no money) back to recreation. (You will pay for Viagra.) Thus non-U.S. drug companies will benefit from the United States getting rid of the drug-discovery business.
"Also watch out for bubble in U.S. solar and wind start-ups, since government subsidies will accelerate and swindles of all kinds will thus multiply.
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"One U.S. bright spot: housing rebound. Combination of no-growth politics and mortgage forgiveness will reduce supply and increase demand, ending the housing problem. Also non-U.S. wealth will buy up prime real estate in big cities. But those long commutes from Stockton to San Francisco? That's dead. Get used to eating root vegetables in winter, since only Japanese tourists can afford Latin American peaches in winter."
I can hardly wait! Whether you buy this advice or not, you have to be uncomfortably aware that the crazies who like forcing banks to give mortgages to illegal aliens and food stamp recipients are now in charge of the asylum and as evidenced by their ruminations about confiscating 401(k) personal retirement funds, they will not be deterred by any inhibitions about taking what is yours. Stay tuned for restrictions on taking money out of the country like Venezuela and other third world thugocracies.
