Posted on 11/14/2008 4:00:44 PM PST by NewJerseyJoe
Just when you thought that there couldn't possibly be any more predictions about the election's outcome and repercussions, here's one more: When the novelty of a young black man in the White House wears off, there will be nothing left but bad politics.
And don't even think of calling me a racist. He could be purple for all I care. It's still just bad politics.
It's kind of like a new toy. You went into the fancy electronics store and saw this really shiny new toy, and you decided you had to have it. So you saved and saved for months until you could get it. The day finally rolls around when you can get the toy, and by this point you've put this toy up on a kind of pedestal of sorts. You have been telling yourself for months how great this toy is going to be and cannot imagine it being anything other than the best toy you have ever bought. So anyway, you finally buy the toy and take it home.
Fast forward to when you walk by the toy that you haven't used since the day you brought it home (because it didn't exactly work as advertised on the box), and you come to the unfortunate realization that the toy was not as cool as you thought it was before you had it. In fact, the toy kind of sucks - and yet it's too late. You can no longer return the toy. You're stuck with it.
This is called buyer's remorse, and I predict that a year in the future, once the name Obama is no longer synonymous with empty rhetoric (i.e. "change we need") but rather with socialist policies, masses of Americans won't be singing his praises quite so vehemently. So what effect will this have?
Well, for one thing FOX News, Bill O'Reilly, Sean Hannity and Rush Limbaugh's ratings will go through the roof, and the ratings of MSNBC, CNN and NBC will plummet. Who's going to tune in on a Tuesday night to watch Wolf Blitzer talk about how great of a job Obama's doing a year from now?
Sure, they'll get away with that for a few months during the so-called "honeymoon period," but after that people are going to want scandal and fiery, passionate political reporting that even the silver fox Anderson Cooper couldn't bring himself deliver.
And what are the Keith Olbermanns, Bill Mahers and Jon Stewarts of the world going to do a couple years from now? I mean, there's only so long they can make fun of the fact that Bush really doesn't have much of a future on the lecture circuit before that's just not funny anymore. Then what?
So thank you for contributing to the financial success of the conservatives over at FOX and screwing over "The Daily Show." I'm sure that's not what you meant to do in voting for Barack. I'm content in my ignorant notion that you didn't really mean to vote for him anyway, but rather vote against Bush. Congratulations on successfully doing that, by the way. A job well done. Democracy hard at work. Here's hoping that your wealth is the first to be redistributed.
The writer is a sophomore majoring in political science.
Yup.....especially that woman who thinks Zero is going to put gas in her car and pay her mortgage. MMM...MMM...MMM..........She's gonna be some kinda mad.
“Unless he surprises everyone, nobody’s going to be happy.”
Broder had a column today that says O is off to a much better start than Clinton was. Didn’t get past the headline so don’t know what his argument was.
I hope you guys are right, but I am afraid.
The MSM, like Rush says, has so much invested in Obama they may NEVER give him up.
I’ve been thinking of FDR the past few days. He inherited a depression from a Republican that made major mistakes, and kept it going for years and years. Yet the press never abandoned him and today Dems adore him.
Did you see the cover of Time Magazine?
Got Obama as FDR.
The New New Deal.
Obama hasn’t even proved himself yet and people already have too much high expectations for this empty suit!
Within a year....People will be posting pictures of Obama as Carter!
The populace were certainly sold the Brooklyn Bridge!
After all, they're still blaming Reagan in 2008:
"Should I buy that coffee maker to stimulate the economy? Or should I save the money in order to 'grow' the economy and provide for my own old age? I can’t do both.
"This is the dilemma that 30 years of Reaganomics (the real Reaganomics — keeping the economy overstimulated with huge deficits and irresponsible consumer borrowing — not the fantasy Reaganomics of government run like a family and tax cuts that pay for themselves) has left us with."
They will love Obama forever and never tire of trashing the good guys.
“I mean, there’s only so long they can make fun of the fact that Bush really doesn’t have much of a future on the lecture circuit before that’s just not funny anymore...”
And it was ever funny? Why would he want to be a part of that farce anyway, the “lecture circuit”? Clinton has been a part of it and his stock went steadily down. So much for silver tongued devils...
Umm, Arkansas is AR.
I’m sick to the gills of this period of euphoria. It’s even worse than the adulation during the campaign. Go ahead and Inaugurate him, finish up with the shucking and jiving, and then face reality.
There will either be miracles or buyers’ remorse, and I don’t expect any miracles.
That repulsive FDR got three terms; thank God that Zero can only have two, at the most. This will be very difficult but we must get through it —
That said, Atlas is Shrugging here.........
OOOPS! Dang it!! I’m beginning to get Obamanitis...uhhhhh 57 states...Pfft AK/AR it’s extremely contagious!
Since 0Bama got elected on Nov 4th, my stocks have lost $220,000 value on paper. I don’t have buyers remorse, I have buyers anger!
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face it ... those are real losses and the faster you get to cash the better ... you can make it back shorting companies that Obama will kill through his regulations ... that “it’s only a paper loss” thinking always gets me to laughing ... my best performing investment in the last few years has been farmland in a foreign country (agricultural economy no real exposure to any of this wall street nonsense..)
You may be right but you may also may not be right.
Stocks are incredible bargain right now and we have recovered
from every one of the 21 recessions in last 100 years.
0Bama by himself can not screw up the country. If he does,
there is another election in 2010.
As for my paper losses, I still have some dry powder left to average down. I dont need the money for 5 years. So hopefully it will all work out.
But I sincerely appreciate your input.
All I say to him is, "I tried to tell you- you didn't use my links, did you? Now you can be sorry for eight years..."
“Here’s hoping that your wealth is the first to be redistributed.”
Very good!
I’d use that as my new tagline, but of course I wouldn’t want that to happen to my fellow freepers.
How much is “Baldwin Locomotive Works” stock worth right now? Or maybe your Xerox or Polaroid corp stock??
Sure the AVERAGES have always come back but it is a market of thousands of stocks ,, some like GE go on and on ,, others like FORD became public only 50 years ago , peaked in the 1960’s and have been trending sideways without progress for 35+ years and is now bankrupt...
AVERAGING DOWN IS A LOSERS STRATEGY !!! DON”T DO IT !!! SELL ALL AND GO SHORT WHAT YOU CURRENTLY HOLD LONG!!! When you get on the right side of the market you will feel much better... 5 years isn’t that long a time ... you’ve gotta get this right ... If you really want to make money contact me and we’ll partner on a nice mango and papaya plantation (with guaranteed sales of production to the nearby Dole foods cannery) and hang out on the beach with rum drinks...I’m dead serious on that last one..
At my age, it would be fool hardy to own individual stocks.
I own only indexed mutual funds. And I strive to play the major moves in the market...which can happen any where from 1 year to 5 years.
And another rule I learned from the famously rich financier Baron Rothschild, which is to sell early when making a profit.
in addendum to my previous post, you are right,
averaging down is a losing strategy...when it comes to
individual stocks. But not when you apply it to index funds,
at least in the long term such as 5 years.
I wonder when the story of his commie mommie and her trampy ways come out. Perhaps we’ll find she slept with Mugabe, many, many years ago. Like father, like son, maybe.........
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