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Friday, October 10, 2008

The Winning Team:Bloomberg/Hagel

Iam afraid neither of the Presidential candidates has the background to deal with the financial tsunami sweeping the worlds financial markets. Bloomberg should have run and had he done so he would have easily won. His experience in dealing with Wall Street and the financial markets would have calmed investors and given him a tremondous edge in the race.
MaCain"s big mistake in the campaign was not picking Romney as his Vice-President. MaCain mis-judged the severity of the financial crisis and picked Sarah Palen who has done a good job of campaigning but dosent have the background to reassure voters about the financial crisis. MaCain needs to paint himself as a job creator and Romney would have helped give him that image.
Obama has been given an easy ride by the Saudi controlled media. And yes the Saudi's also have poured a ton of money into Obama's campaign coffers. That is how he can outspend MaCain 3 to 1. The remedies Obama has proposed would only deepen the crisis. Telling unemployed factory workers that he would put tariffs on Chinesse imports may sound good to someone who has lost his job but that would only deepen the crisis. The Saudi controlled media dosent mention that.
The bailout is a joke designed to bailout rich Wall Street excutives and that is what the stock market is telling us now. When the bailout was intially rejected the market rallied.