America voted and we have to respect that.

I will make a reaction video tomorrow, but I have a few thoughts.

First of all, whether you want to call this a landslide or not - the win is very impressive. Clearly America has decided that they had enough and they came out in droves. I am certainly dissapointed, but the reasons for that are not important not now. I have spent enough time pointing out the dangers and at this point, it is too late for such rhetoric.

I am truly happy for those ardent supporters who are celebrating today and probably will be for some quite time. They wanted change and they got it and let us hope that we as America can move forward and truly become stronger and more united. With a small exception I believe the majority of the people truly want what is best for this country. For your sake and ours, let us hope that you get everything that you believe Obama has the potential to deliver.

For now, I will be humble. I was wrong in my predictions. For the time being let the people enjoy the euphoria.

Once the dust settles, we will be back in discussing the issues that really matter.

Vote Totals:

At the moment, Obama has 62.4 million votes, while McCain has 55.4 million. In 2004, Bush won 62 million votes, and Kerry 59 million.

Comments

Post a Comment

Popular posts from this blog

The 2009 credit boom is coming to an end.

Image
The credit expansion boom of 2009 will eventually go down as yet another period of credit expansion promoted by the Fed that will have lead to another predictable bust.   Today, it will be interesting to examine how the various levels of production are behaving under years and years of artificial interest rate suppression.  It will also be helpful to look at charts and graphs examining the business cycle theory and the impact of time preference as taught by Mises. For starters, those new to the concept - a very brief paraphrasing of the general idea. Under a healthy functioning market people's consumer patterns impact their savings.  More consumption equals less saving and less consumption more saving.  In order to progress the society must save such that it can make investments in machinery, equipment, technology, etc if it hopes to increase the capacity of production.   Sure ,you can harvest 10 coconuts a day, consume them by night and repeat the process.  You can also defe
Read more

What is wrong with this country?

I was browsing the latest IBD poll and it finally struck me. I had this idea brewing for the past few weeks now and this particular poll hit a nerve. What jumped out was the age group and who they are likely voting for. Obama / McCain 18-24: 74% 21% The rest of the age groups are more or less even with ages 65+ leaning more for McCain. Those folks should probably avoid leaning - hazardous to their health. Now, if you are a member of this group and are part of the 74% you are probably feeling good about yourself. If you are in the 21% then you are probably used to feeling desperate and angry that your peers ostracize you as if you were the next coming of the bubonic plague. But this number is very telling. Showing to us that a large group of freshly minted liberals, on average still in college, is in a very good position to influence these elections. Enthralled by the concept of "what they want the world to be" and their utopian ideals they hammer their message to anyone willi
Read more

401k Takeover Proposal. IRAs in danger?

Just read a piece that made my blood boil. The story is from Carolina Journal, but I will paste the first paragraph below. Even if you currently do not have a 401k, this is the most dangerous proposal I have ever heard. The only similar example I can think of, would be the gold seizure under FDR. If this proposal becomes legitimate, you MUST write to your local representative, congressman, senator, etc. This will be absolutely crippling to our economy as investors will stage a mass exodus out of the market. If you want a demonstration of this in action, look at Argentina. They just did something very similar. I will keep my eyes on the story and will add further information to demonstrate just how dangerous this is. November 04, 2008 RALEIGH — Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration. Triggered by the
Read more