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Originally Posted by dc_dux
I dont think most reasonable and rational supporters of Obama believe he will be the messiah...at least I dont.
Based on his positions, record, background and experience, I hope and expect that he (and a larger Democratic majority in Congress) will bring more progressive solutions to the problems we face as nation....problems that have been been made worse by the policies of the last eight years.
And I think he and his supporters understand how hard that may be...the ship of state that has been on a terribly wrong course for eight years cannot be turned around overnight.
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_dux, the stock market is finally waking up to "the tell" from the stock price performances exhibited in the charts of four national residential homebuilders.
The chart of the S&P 500 shows that a "V Shaped Recovery" was the popular investor belief, after the democrats gained control of congress, even so far as the expectations for the homebuilders themselves. The homebuilders led the decline, they paused, bounced back, declined again. Now, it is sinking in, they are making new lows, and they will go bankrupt....but, for the S&P 500, realization was slow in coming, steeped in a denial that drove that index to a new, all time high, even when it was obvious that the homebuilders were losing money and would not recover anytime soon.
Obama, if elected, will preside over a period of economic depression, if the downward momentum of the stock prices of the homebuilders is an indication, and I believe that it is.
The concern that I have is that Obama is not talking about the manipulation that drove the clear sign of a broken system....new highs in the S&P 500 when there were obvious signals that it was time to sell stocks, not to buy them....the sudden collapse of Bear Stearns, the unprecedented access given by the Fed to unregulated, major investment banks, to low interest loans in exchange for "collateral" of questionable (unmarketable....nearly worthless at the present time....) value. He's not describing these signs as problems, not proposing investigation leading to regulatory reform.
He's telling us (and Wallstreet) what we want to hear.....the consequences will be that the shock of what is actually coming to America in the next two years will catch him, and us....unprepared, unaccepting....although he must know at least what I know....and he still wants to run....and do it this way, not talking about it!