Dems " seek shift to communism " in US. (Wichita real estate investor)

[coda]

Commercial real estate investor George Ablah, of Ablah Enterprises, a panelist at the Kansas Certified Commercial Investment Member chapter's economic review at the Crestview Country Club in Wichita, forecast higher capital gains taxes, downplayed the impact of Iraq war spending on the U.S. economy and accused Democrats of seeking a shift to "socialism and eventually communism" in America.


And what is, and has been Ablah's investment strategy?

Sell everything here and invest in China and other outsource targets, of course.


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Posted on Sat, Dec. 02, 2006
Investors discuss real estate economy
BY BILL WILSON
The Wichita Eagle


<snip>

Ablah's philosophy is the opposite (of the other panelists): Sell, sell, sell to accumulate cash for future investment. China is one of his investment targets, although he didn't elaborate.

"We're burning up that jet just going around looking for new properties," he said. Ablah thinks outsourcing has all but killed U.S. manufacturing and has changed his portfolio accordingly. "We're outsourcing every job we've got," he said. "To Mexico, to China, to India.


"I've stopped buying factories and manufacturing buildings. I've switched to distribution centers. Even if a product is made in China, the product has to be brought back here and distributed."


The art of the real estate deal could be compromised, Ablah said, by Democratic control of Congress.


Ablah forecast higher capital gains taxes, downplayed the impact of Iraq war spending on the U.S. economy and accused Democrats of seeking a shift to "socialism and eventually communism" in America.


more..

http://www.kansas.com/mld/kansas/business/16145369.htm

[delphinium]

1. What an idiot

bet he wouldn't downplay the effect on spending if a Dem president had gone to war in Iraq like this.

[JeremyWestenn]

2. These people...

... really are only preaching to their choir. :\

But, asshatts none the less.