In response to:

The Damn Will Break Soon

Dr_Zinj Wrote: Nov 09, 2012 10:19 AM
America 2012 is not America 1960. I'm as smart as, or better educated than my father, realized more opportunities than he did; yet he was twice as wealthy realtively than I am now even though I'm earning more than twice what he did.
Frank130 Wrote: Nov 09, 2012 10:39 AM
Well put & I'd probably say "ditto".
The main thing I'd say is that I now live in an out-of-control welfare/warfare/police state with much fewer freedoms & opportunities than were available to my hard working father. I think the USA is headed for a fiscal collapse "soon" & what comes after that, I'm not sure but I fear the worst. Why be pessimistic? Well because the dumbed-down electorate ultimately will get what they voted for: a bankrupt nation. When bankruptcy hits, those same voters will choose again make bad choices.
jmonaco Wrote: Nov 09, 2012 6:18 PM
Frank -- I'll say ditto to both of your comments.

For the market, Obama's re-election means relying on cheap money and overseas growth as the best underpinnings for higher stock prices.

Sure, the domestic economy is positioned to move higher, but I think it will stumble along, and in fact, could crash from political squabbling and doubling down on policies too harsh on success. Looking at the roots of the economy, small businesses and entrepreneurship, you see them drying up fast. People are not starting businesses, small businesses that are already going concerns can't raise money, and the damn will break soon releasing more rules and regulations and taxes.