Posted by
Jay Adler Comment on Monday, September 15, 2008 11:38:14 PM
September 15, 2008
I never understood why when polled, voters give so much praise to Obama as the Lone Ranger who is better for the economy than John McCain who they evaluate as better at keeping Americans safe. Let's judge John McCain by his checkmate and strategic pick of Sarah Palin as opposed to Obama picking a good diplomat with no military experience. I have virtually lived off the stock market for years along with other pickers in my family. The market is our genetic gift but buy and hold is where you make your money. Do not be swayed by today's horrific debacle on Wall Street. I am 57 and I have never seen anything remotely resembling the blood that was on the floor today. Still, no matter what, the market historically has always come back to be an investment with the best average annual return. Ultimately, the Market is the biggest casino in the world so if you cannot stand the bumps put your loot in a money market. Getting back to Mr. Obama and Mr. McCain, nobody on his respective ticket is an economist or a CPA or has worked in a Federal financial agency. I would not allow Obama to pull the blame game tomorrow, the US Economy is a cyclical phenomena and it is impossible to blame anyone as the select individual for all that has gone down the drain. Obama or McCain, whoever is the victor will be thoroughly advised. To hear Obama tell it, he insinuates to his base that he will be the lynch pin in fixing our economic swamp. Even a community organizer cannot predict the direction of unemployment when we no longer manufacture much in our service economy and a looming health care crisis is worsening.
Jay R