The Obama Effect

Yesterday I predicted that the stock market "crisis" was over, simply because everybody was bored with panic. Today it went up 11%. Credit for "investor confidence" is being given to "steps taken by European Governments to shore up bank liquidity..." or whatever. Okay, if they want the credit they can have it, they're the ones so much to blame anyway for causing the panic in the first place (primarily I mean the US government). If this makes them feel better, fine. And it is true that if the panic is truly passed, it's not coming back, so the real work of dealing with sour mortgage securities --and securities just generally over-leveraged-- can begin. That will be a matter of technical expertise, corruption, very expensive stupidities, and political profiteering. But the panic is gone because in something like this you can't cry wolf twice, so the markets will be okay. Probably sluggish (low volume for awhile), and with some volatility, just due to speculators playing the unease; but basically sound.

Crude up a bit though. That I don't like. Probably as a hedge --crude being better than treasuries-- perhaps also with some optimism, now that the Great Depression isn't going to be so great as forecast; and perhaps with some sober, soulful glee at the thought that OPEC intends to cut production and screw the West. Won't work, oil is going down. That's one bubble that's done. --Though, unfortunately, it is true that if Barack is elected oil is going back up, because there won't be any drilling, and no energy policy. No growth either, but mostly no new energy.

So, is Barack going to be elected? I say no, because if he couldn't put McCain away these last two week when The World Was Going To End, he certainly won't be able to do it now.

Of course, I am assuming two things:
--No new surprises (I am assuming markets will remain so-so);
--And the Obama Effect.

The Obama Effect is when an incompetent black guy is foisted on the American public by a lot of Liberal racists just because they like his grin and his color. Because he has been chosen because of his race, any criticism of him is because of race; and racists, of course, are despised. This makes it very difficult for anybody on the right to point out that he's a dolt.

The suppression of speech and opinion is race worship, it's a very liberal thing to do: it's powerful, pervasive, intimidating, effective, but the actual Obama Effect is what takes place in the quiet privacy of the voting booth. This is when good Americans judge that a dolt, a liar, a constant friend of those who swindle and those hate, a Messianic creation of race consciousness, is in fact not fit to lead a great and free republic.

I expect this to happen massively.

Note too:
--There are PUMAs,
--There's increased contempt for and dismissal of the press,
--There will be no surge in the youth vote. Blacks will turn out in record numbers, but the Barack the Messiah is stale now, so the youth will find absorptions others than civic resposibility.
--And good Jeffersonians will turn out in great numbers.