History repeats doesn’t it? I have always said we just don’t want it repeating on US. But Americans have been charmed by Obama. Last night was McCain’s final pitch and he just didn’t close. This my friends, to use his words, was the end of the election. Get ready for a mirror of the Jimmy Carter administration. The personality, plans, foreign policy and domestic line up perfectly. We all know what happened there!

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.

a. Expect unemployment to sky rocket and many large businesses WILL for certain now move jobs overseas

b. Retail sales to be abysmal and for a while because the spenders are not those making 42k a year to be frank – it is those that make real money that buy stuff and they will pull back because the government wants more money

c. Stock markets cratered and capital gains increases will assure this

d. Deficit not to be handled but increased

e. Spending on entitlement programs to go through the roof

2. National Security. One thing for Bush is he kicked butt around the world. Like with Jimmy Carter I see a dismantling of our armed forces and capabilities. We all know that the Taliban, Al Qaeda and Hugo Chavez are all rallying for Obama to win. This is because America’s foreign policy is going to be radically different and will make America weak in our enemies eyes. This has far reaching implications and will for sure change our stature in the world – and some by the way will be positive as I can see where Obama may get a lot of nations to like us.

a. We are economically weak and will be more so – a new Era of Chinese, Arab, Russian and India dominance is a reality and will be sped along.

b. We may make nice with many nations but with real power on earth we will lose our fangs for sure – hence why all the weak nations and terrorists are rooting for Obama.

3. Energy. Obama will invest in alternative fuels for certain. This is good but will take 10 years and even with an energy revolution here it will take so much time that in the next 4 years we are going to choke on fuel.

a. Without massive drilling – we cannot send the message to the world and force their hand on energy. We are the world’s biggest client and I am sure this will wake people up.

b. 60 percent of our oil comes from here, Canada and Latin America, 22 from Africa and only 18 from the Gulf. Get that straight and you can get your head out of the sand and really grab our energy from Canada and Mexico and cut Chavez off – but that isn’t going to happen – we will be weak on dealing with international energy.

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.