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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (37341)	10/9/2008 8:38:05 PM
From: tejek	Respond to of 149317

I might be naive or an idiot, but at this point I do not think that main street is feeling the same kind of carnage as the financial market - YET. A few weeks ago it looked like main street was going down the sewer with stocks, but the bailout passed and the companies I know started to get credit, and California is going to be able to get credit. So maybe we have a recession and start to thaw when Obama comes to office. I think you're very right. Something else that leads me to think that's probably the right takeaway is the value intrade is playing on the likelihood of a recession in 2008. That value is still less than 50%...just barely. Now when they put up 2009 the odds may prove to be greater but for now, its 50/50 on a recession in 2008: intrade.com