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The Honeymoon Is Over: Gauging the Market with an Obama Presidency

Obama carries fewer IOUs into office than any recent president because of the large number of relatively small contributions he got. He is beholden to no power group aside from the electorate. The popular vote margin was 8 million, not 3 million. That is the largest popular vote margin IN HISTORY for a non-sitting president.

The current economy after 8 years of Bush is a nightmare. Irresponsible amounts of leverage, chaotic and ineffective regulation and no connection between tax revenues and government spending, unrestrained growth of government and totally ineffectual foreign policy, ineffectual trade policy, no coherent energy policy and a moronic insistence that Global Warming is not human caused at all are the legacy the Republicans have left behind.

The author of this article is fruit loops if he thinks the American public will buy into the idea that Obama is responsible for government policy before he gets into office, or that the solution to all of our problems is a cut in capital gains tax.

Obama was elected because the economy went into the tank, and the Republican party did nothing to head off the problem despite being in power for the past 8 years.

Obama is no fool. He knows that job one is getting through the deep recession we are in, and as quickly as possible. The great likelihood is that he will succeed just based on normal economic cycles, and when he does the result will be an reelection that will make the Reagan landslide pale by comparison.