[Red in Blue PA]

If he resigned tomorrow an was replaced by someone who truly believes in market economies, who believes in individual success, and who just made the statement that they were going to find a better solution than Obamacare - the market would recover in a heartbeat

I disagree.

Part of the problem with our market is now systemic, due to the fact that a fiat currency is being printed en masse. That never ends well. I am still invested in the markets, but I am hedging my bets more an more, as (1) I do not trust it, and (2) believe the day may come when the US Dollar is no longer the reserve currency of the world because of the prolific spending of those in DC and the Fed. If that ever happens, it is Kay bar the door. China is buying gold mines around the world, some say preparing to back a new currency backed by gold. Why is it China can look out to the future but our politicians cannot?

[Red in Blue PA]

Kay=Katy

[pieceofthepuzzle]

“Why is it China can look out to the future but our politicians cannot?”

China is also in trouble, for a significant number of reasons. That said, you are right about our politicians not having vision. Part of this is because politicians are politicians - that is their expertise. The problem is that the political ‘class’ has become too powerful - with too much control over too many things.

I agree that we have poor fundamentals right now, and that printing new money to cover growing debts is a strategy doomed to fail. What I’m saying is that if the right person were in the Presidency, and the right people were in Congress, just starting to rectify these issues would lead to a shift in public confidence, bring some of the money from the sidelines back into the game, and at least gives us hope that we could ‘grow’ ourselves out of this mess.

[Sirius Lee]

They can stop printing, deflate, and let the banks crash, or they can inflate, and destroy the currency to buy them a couple of years. They’ll do the latter. They are trapped.

[SampleMan]

The current market isn’t based on reality, but on the expectation of government support.

If we suddenly got a capitalist federal government tomorrow, the DOW would collapse; however, Main Street would boom.

After the Dow readjusted to tracking a real economy, it would then recover and grow to match real growth.