Democrats are driving the stock market down

Amidst all the prognostications about why the stock market has plunged recently the bias of the media has prevented the one obvious cause from being discussed; there's a good chance that the Democrats will get power.

Back in early 2018 Democrats announced that if they got power they would increase taxes.  If you're an investor you know that increasing tax rates will dramatically reduce economic growth as money is funneled from investments and higher wages to inefficient government spending.

Democrats will also restart their war on cheap energy and more specifically their war on coal and natural gas.  Since the base that defines the Democrat agenda is well off they don't care that energy costs go up. While it's true that poor people will be adversely affected, increasing energy costs is effectively a highly regressive tax, they will still be incentivized to vote Democrat because the Democrats will give them more welfare money.  The real victims will be the same ones that were hurt in the past when Democrats were in power; the middle class.

Of course Democrats won't investigate the actions of their agents in the government so fraud and corruption will increase; after all the Democrats are perfectly comfortable with Senator Menendez.  But corruption and crony capitalism is bad for the economy which means investors view this change as driving down stock value for the companies that aren't well connected with the Democrat party.

Defense spending will tank under Democrats of course since the military doesn't vote for them.  More votes can be bought with welfare spending than with defense spending and given that Democrats are all about power we know they will prioritize spending on welfare just as they have in the past.

And Democrats will target any business that they don't like.  Companies like Hobby Lobby will be persecuted because of the owners beliefs while energy companies will be attacked because Democrats need to demonize businesses to convince the people that the power of the government should increase.

Essentially Democrats place scoring political points ahead of worrying about adverse impacts to the economy and the resultant reduction in jobs and wages.

They don't care if the economy tanks because high unemployment is good from the Democrat perspective.  While most people wouldn't normally support the radical left wing Democrat agenda when they don't have jobs and are dependent on the Government for their next meal they're going to be willing to support the party that promises them more hand outs in the near term over the party that promises them jobs in the slightly longer term.

Finally since the Democrats believe that the state should be all powerful they will increase the power of the government which means more regulations and more money that companies have to waste complying with ridiculous Federal demands.

It's not an accident that economic growth has doubled under Trump when the Democrats had no significant say in the economy.

Some people will say that so long as Trump is president he can restrain the excesses of the Democrats. But we know that Pelosi is already talking about using baseless charges against Trump, and the subpoena power of Congress, to either coerce Trump or at least neutralize him. They've been trying that for two years now with the fake Russia collusion claims but they've been thwarted because the Republican Congress has been digging out the truth. But with the #FakeNews media in their pocket and control of Congress it will be hard for voters to see through the Democrat lies.

That combined with the fact that without a Republican Congress to investigate the malfeasance of Democrat "civil servants" those Democrats will gleefully refuse to follow orders means that there is a very real possibility that all pro-economy, pro-worker plans will be crushed.

Hence it's not surprising that the markets are scared to death of what will happen if the now openly socialist Democrats regain power over the economy.