Posted on 02/21/2008 3:57:21 PM PST by rightwingcpa
First let me give you my background. I am a 25 year old protestant conservative in Los Angeles (whatever, my vote won't count anyway). UCLA graduate in Economics, currently in Finance. I am very passionate about economics, and am very involved in the financial markets. I would like to think I am good at making financial predictions.
It is believed that the US economy will head in to a recession (if not already). I believe that there is a high probability that we are headed to a complete meltdown in the financial markets and neither the government nor the Fed has enough power to stop it. This will happen if the following continues: people are already starting to hand in their keys because they are underwater in their recent home purchases, if this accelerates a domino effect of financial collapse will occur. Credit losses deepen. Mortgage credit crunch spreads to consumer credit. Insurers downgraded. Spreads to corporate debt. Complete credit freeze and collapse. A sort of catharsis before the market bottoms.
Now the suicide voter option should be considered by all Republicans if they believe this "worst case" economic scenario will come to fruition (or close). If you DO NOT believe in a market meltdown, you will dismiss my reasons for being a suicide voter.
Consider this, if McCain gets elected, the collapse of the economy will be undoubtedly blamed on the Republican party (and even back to W) and when 2012 comes it will be guaranteed 8 years of hard left Democratic rule (even lefter than current Democratic platform) and they will get all the credit during the inevitable recovery. Not only that, there is a risk that the ruling Democrats kill the free market citing it's failure turning it into a socialist marketplace full of regulation. What I learned in Economics is that if the markets fail and government intervenes, it ALWAYS becomes worse than the market just failing. What if the economy doesn't recover you ask? Well the fallout will be so huge they will just blame it on the fact that the damage W did was so bad it's irreparable. The newly empowered Democrats will change the US far beyond recognition and it will be nearly impossible to turn it back short of a bloody revolution. And the Republican party will be all but dead.
However, if Obama becomes elected and the economy collapses, he will be too busy dealing with the economic recovery that he will not be able to accomplish any leftist agenda. Not only that, the Democratic party will fall into the stereotype of being bad economists. This will guarantee a sharp right turn in 2012 where maybe Romney or a Reagan-like president will rule for 8 years. And the Republican party gets credit during the recovery when the president pushes for revolutionary economic policies (which will be badly needed for a recovery) such as a flat tax or fair tax and huge cuts in government. It's even possible we will be able to get social agendas through. Any remnants of the Democratic party will be close to center.
Most people will disagree with me, and I don't blame them. Not long ago I was in the boat that the economy was fine and the probability of a worst case scenario was slim to none. However, we are talking about trillions of dollars of derivatives out there...the leverage today is hundreds of times of that in 1987 and the magnitude of any sharp downturn will be massive and cause great damage. All I ask is do some due diligence and think about my proposal.
REAGAN AKBAR
Well, at least it’s an interesting title to bmflr.
Gracious, I was a 25-year-old accountant once - but not a CPA, applause to you! - and I also had some grammar.
There’s no “must” about it. The handwriting is on the wall for those willing to see it.
I’m more concerned with America’s survival than with the Republican Party’s survival.
FDR parlayed the Hoover recession into a Great Depression and accomplished a leftist agenda to make Woodrow Wilson look like a piker. It was 20 years before another Republican occupied the whitehouse and he was, at best, a moderate.
Good thought, but the biggest problem I see with it is Obama appointing Supreme Court judges.
We’ll go back YEARS.
I agree our economy is in dire straits also. I believe if Obama is elected with the current Democrat House and Senate America will not recover. I don’t believe he will be too busy dealing with the economy to make many changes, I believe they will destroy the US as we know it and it will be beyond repair.
Eventually the Democrats will get the Presidency, and everything the mcCainiacs fear will happen anyway. In the long term, a McCain loss now will make the Republican Party stronger and more conservative. “McCain now” is a short term victory and a shallow one at that.
Yes and the dummies in the GOP have played right into the trap a second time.
You were born in 1982?
Yes
You and me both, I cannot believe what I see on FR these days!
His next paper will be entitled “2+2 = 147.23 x Pi”
Not only would a President McCain bring us all that you said, but he would bring us moral disgrace, as well. The Clintons got away with selling their connections for top dollar, and McCain thinks that his buddies in the press will cover for him too, but they won’t. McCain will disgrace the Republican party.
“FDR parlayed the Hoover recession into a Great Depression and accomplished a leftist agenda to make Woodrow Wilson look like a piker. It was 20 years before another Republican occupied the whitehouse and he was, at best, a moderate.
Yes and the dummies in the GOP have played right into the trap a second time.”
I feel like this is more a repeat of Jimmy Carter going down in flames and Reagan getting elected. There aren’t any true poor people in the US for a repeat of New Deal.
PS I think that bear is a Care Bear.
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