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Politics : Politics for Pros- moderated

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To: Bearcatbob who wrote (361468)	4/27/2010 4:23:59 AM
From: unclewest	5 Recommendations Read Replies (1) of 794299

Obama is clearly the candidate of the takers and is bound to increase their numbers in anyway he can. It is not until there is some manifestation of ruin that he will be stopped. He is currently able to ride a recovery that he only delayed - a recovery that was inevitable. I spent all day yesterday with a gentleman who has 50 years investing experience and prior to retirement was a large account advisor at Merrill Lynch. We visited several local farms. I prearranged for one farmer, a WWII vet, to meet us and give us a detailed tour. We talked crops, fertilizer, bug sprays, converting from tobacco to other cash crops, sweet and ice potatoes, put hands on 4 old tractors including two 1920 models, discussed marketing, toured old barns, etc. During our conversations my visitor explained that after the market collapse on Oct 29, 1929 the stock market began back up. That was fueled by massive and excessive govt spending. Then the market took a 50% haircut in 1937. About the same time unemployment began a steep increase that (except in the latter WWII years) lasted into the 50s. He sees abundant parallels in what occurred then and what is happening today.

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