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I found this reader comment (by someone using the name "redpoll") on an on-line New York Post article on the market's reaction to Obama's economic policies:
 
"At the core of the market fear is the knowledge, from hard facts and long experience, that leftist ideology destroys societies, cultures, countries, and individuals. The destruction might be swift, as if was in Cambodia or post-Weimar Germany; it might be excruciating, as it was for the Russians and eastern Europe; or it might work with glacial slowness, like a tumor, as it has in western Europe and Britain. In all cases, though, the end results is destruction, despair, and tyranny.

The American left doesn't mind tyranny, since they assume that they'll be in command. Their supporters don't mind tyranny, either, for the old-fashioned reason that many people will accept slavery with material benefits rather than the harder path of getting what you earn and work for. The framers of the Constitution knew about these propensities, too - even though Hegel and Marx were still to come - and wisely established a system where power is diffused among many parts and emerges from the consent of the governed. Obama and the left will try to centralize power - "sharing the wealth" requires centralization and control - but they'll eventually overreach.
Whether that overreach will be accompanied by just an election or an outright revolt is really up to the amount of destruction caused by the left."
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