HOMEBLOGSGood bye Palin Effect, Hello Financial Crisis Effect
07 October 2008

Good bye Palin Effect, Hello Financial Crisis Effect

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t looks like the betting markets believe that the election is all but over. Habemus new President and his name will be Barack Obama.

In late September it appeared that Sarah Palin brought new life to the McCain campaign, but the collapse of the financial markets has reminded everyone that the current President is George Bush (who, up to that point was missing from the news... and that was good for McCain) and that the Bush presidency has been a disaster.

History shows that when there is economic disarray, the party in power loses the presidency. I think the same will be true this time.

The insults and the attempts to link Obama to black extremists conducted by the republicans, not only are disgusting but they are not working. At this stage of the game, Bill Clinton's words are truer than ever: "It's the economy, stupid". And the economy works against the republicans, especially because McCain looks as lost as everyone else. The lack of economic leadership of this man is really worrisome.

The only thing left is to pray that the Obama president follows the centrist and moderate policies that is proposing now and not the extreme left policies he was proposing during the primaries.

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INTRODUCTORY NOTE

Starting January 30, 2012, I decided to put the random (economic) thoughts that I was posting on Facebook, in a blog. In this site you will be able to read all Facebook notes going back to 2008, (without my Friend’s comments, unfortunately), but we will only maintain the new thoughts. If you want to check out the old comments, they are still posted on Facebook. If you want to comment on them, you have two options (1) Become a Facebook Subscriber. Since all the posts will also appear in Facebook, you will be able to comment there. (2) Comment on Twitter, as each post will also be announced in Twitter.

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