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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: skinowski who wrote (242691)3/18/2008 7:01:54 PM
From: Nadine Carroll  Respond to of 793914
 
We need to remember that we are very fortunate to live in a free and affluent nation. Most people around the world are not so lucky. We have much to lose. That's why this gambling mood is so puzzling.

The young who flock to Obama don't understand that they have much to lose. What they have, was always there. They think it is the gift of nature. If it goes away, it will be somebody else's fault, nothing to do with them. They had good intentions.



To: skinowski who wrote (242691)3/18/2008 7:16:35 PM
From: KLP  Read Replies (1) | Respond to of 793914
 
Totally am in agreement with every point you raised. It is indeed puzzling.

It is indeed, Obama who is playing the 'race card'..... I honestly believe that the majority of Americans today don't really think about race much anymore. Most of us pay attention to who the person is and what their character is, rather than what "race" they are.



To: skinowski who wrote (242691)3/18/2008 9:01:54 PM
From: unclewest  Read Replies (1) | Respond to of 793914
 
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.
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