Obama talks; money walks!
In a post a few days ago, I mentioned how the people would really respond to the results of the election. In a financial crisis that is absolutely no accident - read about the fall of the Weimar Republic that ushered in Hitler in Germany - one does need to take a look at how the market (which is made up of many little 401K holders living on Main Street) responds to the election results. I'd say a fall of 800 to 900 points in less than 24 hours puts the skids to any thinking that our President-elect has a mandate from the American people. Obama talks and for the people who can, their money walks! That's all one needs to see to know how secure our financial industry feels with President-elect Obama but that may be the plan. I feel certain that our new President-elect has plenty of "financial backers" who will be ready and willing to throw their nations' money into the pot to buy up whatever remains to be bought of a once sovereign nation. It is just a little early for we, the average people, to know who owns President-elect Obama. Maybe he'll have an epithany and set aside his Marxist-Socialist training once he steps into the Oval Office. We owe it to him and to ourselves to give him a chance to show his true colors. It will be interesting to see how quickly the MSM turns against him. There are no Republicans left upon which to spew their ire. But as Americans, we do owe it to him to give him as well as ourselves a chance.