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Politics : Politics for Pros- moderated

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To: skinowski who wrote (242691)	3/18/2008 9:01:54 PM
From: unclewest	Read Replies (1) of 793953

But what I would really like to understand is this current mood in our society that makes millions of people willing to "gamble" on a politician who is relatively unknown and who's views - to the extent that they are known - seem to be rather extreme. I consider Obama's open intent to pull the rug from under our military's sacrifice and struggle in Iraq - right around the time when they seem to succeed - to be extreme. Warning! My response is very OT!!! Skip it if you wish. In a word, I believe the word that defines the gamble is "fear". When the average joe is scared he becomes frozen and prefers no action or defensive action only. After Nam, I can understand why many see getting out of Iraq as a defensive response. I just happen to think that staying the course, with a different tactical plan, is a better defensive response. The biggest fear today may not be the war but the economy. I have been on the road the past two days. Spoke with some (in my opinion) exceptional and very savvy gray beards from different states. Several told me independently they have or are bringing substantial emergency cash home. Called my dad tonight to ask him...He is a real gray beard pushing 90. He told me he has increased his emergency stash well beyond the usual $500 he keeps hidden. Wonder who else here has had that thought? I have. The safety play is not easy to define. Too many external factors, that are outside the reach of our govt, control our economy today. A bounce is predictable. Fed actions, a pending cash bonus in every household and a possible technical double bottom in the DOW just about guarantee a bounce. What happens in the late/summer fall is the basis for a lot of fear. A very financially astute friend explained to me this morning that - the rookies are becoming concerned about lower interest rates and return on capital. Meanwhile, the pros are worried about return of capital. He did not mention war as a factor. uw

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