Obama is the 44th US president

[GeneW]

Originally Posted by Ryu

WOooooooot !!!

CNN just announce the news that Obama is the new US president

Can't help but feel sorry for the man too.....

He is in one of the toughest economic periods of US history. We're on the brink of a recession. Inflation is almost guaranteed because of continuous Fed liquidity increases since 2001, and huge increases this fall.

Obama has committed the US to implementing the Kyoto treaty. He promises to be 'tougher' than anyone else. At the very same time he is promising to end Outsourcing of manufacturing jobs to areas of the world which are not under Kyoto restrictions. Businesses instead will go bankrupt or find loopholes to permit outsourcing.

Obama has promised a middle class tax cut. He has promised to fully fund an aggressive expansion of AmeriCorps. He will do these things during a recession and inflation?

While initially campaigning as a "peace candidate" Obama has since committed to increasing troop deployments in Afghanistan. He has also promised to aid Israel if it is attacked. Where he will find the money for these things I do not know.

I call Obama Jimmy Carter with a tan. That may sound mean but it's not far from the truth. I expect him to serve for one term, and to end up defeated and disillusioned like Mr. Carter.


Enjoy your celebrations. Me, I voted for Bob Barr and did not have a dog in this hunt. Still, it's gonna be an exciting two years until the 2010 elections.

Gene