Watching with bemusement the interesting dichotomy between the world's glorification of Barry Obama and the rather not so positive view from the stockmarket since his election has led me to the following conclusions:

- No matter how how he will try, he cannot escape the fundamental laws of economics.  There are three types of people out there, wealth producers, wealth consumers and redistributionists.  Redistributionists are generally government bureaucrats, but they can also be lawyers, accountants, anybody who takes the money from one group and gives to another.  The wealth producers and consumers are obvious.  If you want more of something, subsidize it, if you want less, tax it.  There is no way wealth producers will simply keel over and work hard to give it to the government.  There will be less.  Similarly, no matter how much Obama wants to deny it, his base constituency are wealth consumers, welfare recipients, unions, liberals, and those people will have their hands out, waiting for payback.  To appease this group, and with the government already borrowing untold trillions of dollars, there will be no choice but massive printing of money.  The inflation will feed through soon enough

- I really believe this guy thinks that solely thru the force of his own personality, he can bring 'hope and change' to the world.  That is, there are not going to be any problems out there that the messiah cannot solve.  Well, guess what, there is.  When somebody out there does something, Iran, Russia, Israel, who knows, whereby American interests are at stake, he will effectively have two choices, either cut and run and look weak, or stand and fight and look like Bush.  In either case, so much for hope and change.  Obama appears to have no sense of reality of what could happen, and it will be most interesting to see what he will do.  I mean, when Russia attacked Georgia, he was surfing in Hawaii, and didn't respond for days.

- The absolutely insurmountable expectations.  Obama, more than anybody I can ever remember, has elevated expectations above the moon.  And he has truly done it to himself.  The world tour, speaking in Germany, accepting the nomination in a stadium, the general attitude that he can say or do no wrong ( and worse the liberals out there that seem to think so as well ) are certainly going to come back to haunt him.

- He fancies himself as a movie star/rock star.  Well, no wonder, he is being treated with movie star deference.  But, unlike movie/rock stars, who we barely tolerate when they mouth off and say something stupid, this guy has to take responsibility for his words and actions.  Everything he says will be analyzed and scrutinized.  What does he mean?  His ego almost certainly will get the better of him, and I would expect a lot of stupid comments to come out, we have already seen that.

Fortunately, actions have reactions.  I, for one, will not be upset to see Obama take a bit of a fall.  His Obamanuts will disappear, and, if they are smart, it will be open season for the Republicans.  

Hello, this is my first post, so don't beat me up too hard.  All ideas for improvement are accepted.

 

Bailout of the banks, bailout of the auto industry, bail of New York State/California, so reminiscent of the 1970's.  Real wealth cannot be used for all these bailouts, simply the endless printing of money, or 'injecting', which seems to be the phrase of the day today.  It is easier to stop deflation, once the inflation and printing press merry-go-round begins, we can wind up right back in 1920's Weimar Germany