Al Martin is always a kick:
"To reiterate, obviously the "Smart Republican Money Index" went short the day George Bush was elected. When a Bush gets elected, that's what all the Smart Republican Money does in recognition of what Bushonomics does to our economy. That's why Republicans are so cohesive as a vote.
Unlike Democrats, Republicans indeed do vote their wallet knowing that the big money is made on the short side and that when you put a Republican in office, they're going to wreak havoc with the economy. It becomes a very safe play to institute long-term short positions (contracts known as LEAPS).
Since forty million Americans have lost half or more of their IRA/ 401(K) accounts by being long, they are the suckers.
The proof is to look at another coincidental index maintained by the American Policy Institute which tracks the total amount of private wealth held by the top one percent of the people, of whom 78% are Republicans.
It's not exactly true when economic pundits say that since the election of George Bush II, there has been $5 trillion of market equity lost. The stock market is after all a zero sum game. The $5 trillion that was lost just belongs to other people. And who are those other people? People who were short. It was just a giant transfer of wealth.
And who owns that $5 trillion, which was previously in the possession of all the little people? Just look at the coincidental indicator of the top 1% of the nation. On the very day that George Bush was elected, the top 1% of the American people controlled 61.9% of all of the private capital in the United States. Twenty months later, the top 1% of the population now controls 66.5% of all the private wealth of the nation. Therefore it isn't hard to figure out where the $5 trillion went.
This is what the Bushonian Regime is all about - the massive transfer of wealth from the little people to the Republican hierarchy at the very top. Declining stock market prices, which in turn are purposely instituted by Bushonian economics -- this is something, which is done by design. Bushonian economics purposely hurt the economy, which in turn causes markets to decline, which in turn causes those are short, principally Big Money Republicans, to make money.
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