Wooopeeee! Market corrections are inevitable and the communists feel vindicated. Let me tell you a story as old as time, Media creates fear. Consumers don't spend then the economy goes into the tank because no one spends. Self fulfilling prophecy . Communism does not work.Yet here there are thinking they are vultures. Threatening to suck on the marrow of what they perceive to be dying capitalists. In my Google search for this story no one is really carrying it but the Philippine Daily Inquirer. Not sure why if this is American phenomena why they are giving them a bigger presence than their local news agencies over there.
I provided you links below telling you in more technical terms what I am telling you here. These things happen over time and the market then resumes its upward course at some point. You can believe me or not . I am all for optimism but optimism that communism is the way to go? That's our news for you.
One more thing. The saying is show me who your friends are and I will show you who you are. These US Communists tolerate and promote Obama and hate Mccain. Enuff said!
Ed
http://seekingalpha.com/article/60126-recession-a-self-fulfilling-media-prophecy
http://www.articlesbase.com/entrepreneurship-articles/the-media-and-the-economic-self-fulfilling-prophecy-603184.html
http://findarticles.com/p/articles/mi_m1571/is_/ai_95914235
http://investmentlinebacker.blogspot.com/
US communists feel vindicated
Philippine Daily Inquirer
First Posted 08:17:00 10/16/2008
MANILA, Philippines—American communists are feeling rather smug in these days of capitalist turmoil. Their armed Filipino comrades, meanwhile, feel that a "revolutionary upsurge" is in the air.
At the US Communist Party's New York headquarters on 23rd Street in Manhattan, regional party chairman Libero Della Piana, 36, laid out why he thinks Marxism-Leninism's time has finally come.
"We are very excited, we feel that we are at a turning point," Della Piana, an imposing half-Italian, half-African American with a pony tail, told Agence France-Presse.
"We can afford to be less on the defensive for the first time since Ronald Reagan, and we can say our word in rebuilding America on a new basis, rebuilding a better world, instead of one based on the greed of the few."
A rare bird in the political world, the US Communist Party was founded in 1919 and never really took off. It was ostracized during the Cold War and members faced discrimination, even firing from their work, during the anticommunist drive of the 1950s.
Today, the party claims to have 3,000 to 3,500 members—seemingly not a threat to the giant Democratic and Republican parties contesting next month's White House election.
But American communists think that the collapse of Wall Street and huge disillusionment among the public with the economy has put them on a roll.
Lesson No. 1
"We receive more and more phone calls, we have more inquiries from people, we see an increase in interest," Della Piana said. "We hope to be part of the discussion. I can see a role for the Communist Party in this next period."
"The crisis' No. 1 lesson: The market cannot regulate itself," he said. "Otherwise it goes out of control."
Communist youth coordinator Erica Smiley, 28, said "the major issues for the young are: peace, jobs, healthcare, education, and we provide them with answers."
Whether the communists will be able to deliver remains open to question.
One plus is that their recently renovated New York headquarters, featuring the obligatory tomes of Lenin and Marx, is prime real estate—a serious and very capitalist nest egg.
Obama buttons, McCain tissues
But few people were about during a visit by AFP on Monday and the atmosphere was collegial and slightly sleepy, rather than revolutionary.
"They are all out working to get people to vote," explained Bill Davis, 65, who has been a faithful member for 37 years.
There is no communist running for the White House and the Communist Party does not endorse Democrat Barack Obama. Yet many staff here wore his picture on lapel buttons, while Republican John McCain was relegated to a box of tissues—the tissues being pulled through his mouth.
Excellent conditions
For its part, the Communist Party of the Philippines (CPP) said on Wednesday the global financial crisis had pushed the world close to recession and should give a boost to one of the world's longest running communist insurgencies.
"The current crisis of the global capitalist system provides excellent conditions for revolutionary upsurge," the Maoist CPP said in a statement to news agencies.
The CPP said its 5,000-member armed wing, the New People's Army, would "launch more tactical offensives against the fascist armed forces."
President Gloria Macapagal-Arroyo is going all-out to degrade substantially the communist guerrilla threat by 2010 after the 39-year-old movement saw its fortunes head south with the fall of the Berlin Wall.
The rebel leadership now lives in exile in the Netherlands, while its fighters in the Philippines support their operations against the security forces by extorting money, guns and supplies from rural businesses.
Agence France-Presse
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http://edrlopez.blogspot.com/
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