Alexander: Will Democrats Get the Recession They Want?

Three months ago when stock prices were at record highs, The Washington Post’s Beltway elitists declared, “A record-breaking market doesn’t matter to most Americans.”

Really? Even though more than half of Americans own stocks and other types of investments, including their homes, that are dependent on a strong economy?

Of course, the WaPo was lamenting the fact that most of the value of equities held by Americans is in the hands of 20% of investors. Ironically, a sizable chunk of that is held by Jeff Bezos, the wealthiest individual in the world. Ironic because Bezos, who owns the WaPo, is a charter member of the mega-rich Archenemies of Liberty Club — leftists who use their wealth to fund Democrats and socialists and their free-enterprise wrecking-ball policies.

For the record, Bezos has an estimated worth in the $130 BILLION range. Or, to put it another way, Bezos makes more money in 10 seconds than his average Amazon employee makes in a year. Additionally, much of his newspaper’s elite Beltway readership lives in five of the nation’s richest counties.

The Bezos/WaPo hypocrisy notwithstanding, the wealth created in equity ownership is reinvested in companies and creates jobs for all Americans — which is to say, all Americans have an interest in a strong economy reflected in stable equity prices.

But that report was from August.

Now, according to financial analysts: “Both the Dow Jones Industrial Average and the S&P 500 are on pace for their worst December performance since 1931, when stocks were battered during the Great Depression. The Dow and S&P 500 are down 7.8 percent and 7.6 percent this month, respectively. December is typically a very positive month for markets.”

The Left’s primary print propagandist, The New York Times, assessed this situation: