The election is over. The zombies won!

Nov 8, 2012

Burlington, Vermont

The zombies win. Dow down more than 300 points.

Apparently, the anticipation of an Obama victory was better than the actual thing. Or, to put it another way, investors bet that Mr. O would win. But when he did win they cashed in their positions.

Yes, dear reader, what this tells us is that investors aren't as dumb as they seem. They thought an Obama victory would be good for stocks initially (with his backing for Ben Bernanke and more federal spending) but not for the long run.

-------------------------------------- Don't Get Carried Away By Big Predictions --------------------------------------

Let's face it...

It's almost impossible to predict stock market movements with accuracy.

But that has not stopped smart investors from amassing solid wealth by investing in stocks.

And now, you too can be among this handful of successful stock investors.

You see, we have decided to give you access to all our best performing stock recommendation services right away.

And not just that... if you take us up on this opportunity, you will also receive all our recent special reports including - Recession Proof Small Caps.

Interested? Just click here to read all the details before 11:59 PM tonight...


And they're probably right.

As you know, what this country needs is real stimulus...not phony stimulus. It needs to put more resources in the hands of the productive sector of the economy...not more money in the hands of the zombies.

But Obama was the zombie candidate. So was Mitt Romney, for that matter. Obama favored the zombies who work for the federal government or get money directly from it - such as food stamp recipients, the disabled and government health care dependents. Mr. Romney favored the retirees too. But he also had a soft spot for the bigger zombies - those who got their money indirectly, from contracts from the Pentagon or those who work on Wall Street.

We threw our hat in the right because we hoped to provide voters with a real choice. They could write in Bill Bonner. Our campaign platform was simple: Zombies Out!

But you're probably thinking that our campaign of "Zombies Out" was unrealistic or unworkable. Not at all. It was extremely simple and easy to apply.

First, we cut taxes in half. Immediately, people have a lot more money to spend...the economy would perk up right away.

Second, we cut government spending in half. The old meat axe approach. Just whack every budget item in half. If the zombies howl...whack out the other half too!

Third, repeal the 10 biggest small business paperwork nightmares:

    Energy Conservation Standards, Affordable Care Act Menu Labels, Transportation's Hours of Service Rule, Affordable Care Act Vending Machine Labels, NLRB's Union Notification Standards, Education's Gainful Employment Rule, EPA's Fracking Regulations, Dodd-Frank Regulation Z, Affordable Care Act Physician Fee Schedule, Dodd-Frank Regulation E. Together these cost small businesses $3.5 billion annually. And they add 28.7 million hours of paperwork.
Of course, we never had a chance. As far as we know not a single person voted for us. Not even the candidate himself. Why waste time voting for someone who couldn't win?

But that's the point. No one can win high public office today without zombie support. There are too many of them. They're hanging out on every street corner and hiding in every congressional bill. Half the households in America get money from the government...which is more than you need to elect a president.

The system is fundamentally corrupt. People vote even when they have an obvious conflict of interest. It was as if a corporate CEO were allowed to vote on his own pay package. It's not supposed to happen. When you have a conflict of interest - in civilized democratic institutions - you are supposed to declare an interest and abstain from voting.

Instead, in this latest election, the Obama team sent groups of volunteers into poor neighborhoods with the express purpose of rousting out the zombies and getting them to the polling stations.

Now, it's no longer possible to win a major election appealing to voters' higher instincts or their independent judgments as to what is best for the nation. They depend on the feds. Their judgment has been compromised...bought...and suborned. Now, you have to appeal directly to their sense of greed and entitlement. It's now an "entitlement society," says our old friend, Marc Faber.

"I'll give you more... He'll give you less," says one candidate.

"No...with'll get more. He doesn't know how to give you more," counters the other candidate.

And so...whoever wins...MORE is what you get.

As it stands the US federal government is on target to add $10 trillion to its debt over the next 10 years. The congressional response to this emergency is to propose to cut $1.3 trillion from deficits during that period. So, even if the proposal is fully implemented, the debt will still rise by $8.7 trillion.

Whoopee! We're all going broke. And no point in appealing to the zombies' sense of civic duty to try to stop it.

It's too late. The election is over. The zombies won! And now, they're going to continue sucking the blood out of the productive economy...until it finally collapses.

Bill Bonner is the President & Founder of Agora Inc, an international publisher of financial and special interest books and newsletters.

Disclaimer: The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

Recent Articles

A New Infrastructure Boom March 26, 2019
Selva Freigedo talks about the potential in 5G network and how it could transform the way we communicate.
A 40 Somethings Guide to YouTube Hits March 20, 2019
Vivek dwells into a new YouTube phenomenon.
As the Economy Slows Down, Maruti and Two-Wheeler Companies Cut Production March 19, 2019
The country's largest car maker has cut production by more than a fourth.
In Supporting Demonetisation, RBI Behaved Like an Old Uncle Not Willing to Take a Stand March 13, 2019
The minutes of the meeting of the RBI Board which happened before demonetisation have been released.

Equitymaster requests your view! Post a comment on "The election is over. The zombies won!". Click here!

4 Responses to "The election is over. The zombies won!"


Nov 8, 2012

I have been following your articles for the last 3 years...simply superb and your articles prove you are not on fed's payroll :)


Rabindra Sankar Das

Nov 8, 2012

Nice Analysis



Nov 8, 2012

you do not have to use words of derogatory nature
yesterday also a seven letter word was used
mind your language please



Nov 8, 2012

you do not have to use words of derogatory nature
yesterday also a seven letter word was used
mind your language please

Equitymaster requests your view! Post a comment on "The election is over. The zombies won!". Click here!