GOP lost due to economic issues. GOP is one of the strongest proponents of limited government oversight of private industry. One of the private industries (Wall Street investment bankers) took advantage of the loopholes in SEC laws and created a matrix of leveraged funds buying everything and insuring everything with leveraged money. The system blew up crippling the US economy. Subprime mortgages exposed the crack in the house of cards created by Wall Street by the excessive and reckless usage of leveraging. McCain tied and in some polls lead after he chose Palin, but lost the lead and never recovered once the large banks started to fail. Economy and not national security became the closing issue on the minds of many independent voters and blue collar Dems, and BO got their votes. Today the average American maxed out on their credit cards, maxed out on their equity loans and have very little in savings. They are in no mood to spend and consume, thus no tax cut or government bailout is going to jump start the economy. Wait till the retail numbers after Xmas. Many retailers are at the margin and a sizeable number of large retailers may declare Chapter 11, and more retail employees will join the unemployed bank and financial employees on the street. Vacant stores in malls will impact commercial real estate/commercial real estate mortgages. So will the credit card companies as unemployed consumers default on paying. In other words 2008 is a Recession and 2009 will become a Depression. My advice to freepers is to ignore politics because the GOP nor the Dems can help us, and go into surival mode. Organize your family and street to survive the deflation and hyperinflation that will follow. Crime and homeless squaters will threaten the quality of life on main street. KP will soon learn that religious values (backed up by a firearm) will be the only thing left that will keep US society civil.
What’s your Fee for making such accurate predictions?
the economy won’t matter anymore once the country goes bankrupt and the dollar is worthless. Even gold won’t help because nobody will want to give up their precious gold to buy anything.
(backed up by a firearm)
firearms won’t help either because people will just gang up on you, shoot you in the back and steal your ammo and gold.