Oct 29, 2008

Don’t believe in change.

Election day is almost upon us and of course in the next few days the drumbeat will increase to a fever pitch as the very real prospect of one candidate winning and the other losing will become a reality.

I’ve made up my mind who I’m voting for, I still can’t fathom people who say they are as yet undecided. Do these same people need help having someone picking out their clothes for them in the morning or having another person feed them?

Thing is, whoever gets in, people need to be a lot more realistic about what our prospects are.

We are on the cusp of a prolonged recession. The volatility of the market aside, over the coming months there will be decreased consumer spending, higher unemployment and growing deficits.

If you doubt me on this, ask yourself how freely you spend money given the current economy and how secure you feel about money going forward.

The point is whoever wins this election will have a tough row to hoe. There will be very little leeway for any chief executive after dealing with the problems of the economy. Consequently, expect the next year to two years to be a very difficult time.

I don’t want to sound pessimistic but, as caught up as people can get in the frenzy of campaign season, it is imperative to realize January 21st, 2009 if your guy wins, the sun will not immediately come out, birds will not start singing and all will not suddenly become happiness and light. The people who believe that are going to be in for something of a rude awakening.

Likewise, if your guy loses... well, it’s not all the new President’s fault if things suddenly don’t go swimmingly. I would venture between now and round about June of 2010 were going to be having some sobering times. The booms in the last century were in the 20’s, the 50’s and the 90’s it may be a bit of time before another boom comes along.

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