Well I agree and disagree. Baby Boomers are pretty inpatient. I think with Romney AND a republican congress there will be a rapid turn around as we saw with Reagan.
I’m in a small town South of Atlanta. Things are picking up here with businesses shunning the union labor market and coming here and into Alabama. People are very optimistic.
On the other hand, I have no idea how young single people can make it.
I think we'll see some of that as the psychology of consumers shifts when downer-Obama leaves office. But Reagan also benefited from tough FED action that held interest rates high, and credit tight during the last couple of years of the Carter admin. Those policies continued under Reagan until inflation was brought back under control. Then the interest rates eased and things really took off.
The underlying inflation rate is much worse than it was then. The feds are hiding it with gimmicks in the way that they calculate it.