I am hugely disappointed in all the spent opportunities McCain has had to blow Obama away. Like Nixon against Kennedy it wasn’t about experience and track record simply about America falling in love with CHANGE and the savvy politician. Obama is no JFK but McCain appears to be more like Nixon for certain. What the heck are we going to do with a Democratic White House and Congress because I assure you it is coming.
Honestly, I am sitting here writing this and feeling sick. But like I have done calling the shots ahead of time with the financial crisis predications I am going to call it like I see it – I hate to say it but Obama is going to win the election. Do I hope something happens in the next week to turn the tide – or the box of Tide as I say – YES – but it can’t. The Democrats have so many voters registered because of Hillary and Obama and Obama nailed the college students last night with his programs for them that the odds are stacked so heavy in their favor and I doubt the river card is going to get McCain over the top.
Instead of being sick, distraught and bitter we have to take our medicine and understand the implications to prepare ourselves and the economy.
1. Economy: In a welfare state, entitlement society and changing tax environment the markets are sure to decline and people are just not going to spend money. Trickle down works and when those that employ and have money don’t spend or freeze or down size – and they will – our economy will erode further and a very deep recession – perhaps a depression will be imminent.
Other than packing up and moving out of the country – we have to brace for another Carter Administration. I think Obama will have a powder keg in the White House and blame everything on Republican policies. I guess we have to ride this one out and tuck away our cash fast as everyone will be ripping money out of the system as we all know taxes and capital gains are going way up.