The BALL REPORTS

News As I Like It, Not As You See It:

Americans Ready To Be Screwed Again

October 12, 2008

Fellow Investor,

Americans are taking their stands and, as usual, popular opinion seems to be split pretty much right down the middle.

Obama and McCain are locked in a vicious battle, and the venom is spewing from both sides.

The Democratic “true believers” warn of a hundred years of war, the death of the middle class and an environmental catastrophe if John McCain is elected.

And the Republican “neocons” warn of a new wave of terrorism, higher taxes all around and disastrous oil shortages if Barack Obama takes office.

Each side is convinced that the only way to save the country is if their man is elected.

Problem is, everyone is missing the most important point.

“It’s the economy, stupid”

And it doesn’t matter which guy gets elected. Things are bad, and they’re going to get a whole lot worse.

McCain and Obama want you to believe “they have a plan.” And if you make the “right choice” everything will be hunky-dory with the U.S. economy again.

But that’s a bald-faced lie.

The President is just one man, surrounded by a bunch of Congressional stumble-bums who never met a lobbyist they didn’t like. They can barely spell the word e-c-o-n-o-m-y — never mind figure out how to fix it.

Frankly, things haven’t been this bad in the banking industry since the Great Depression.

And all the squabbling over the bailout was a clear sign of desperation—the politicians figured they had to do “something,” even when nobody liked or even understood the bailout plan. For now, they can throw all the money in the world at the problem, but that won’t change anything, anytime soon.

And anyone who thinks that things will be better after the election, because we finally “got rid of” George Bush, is in for a nasty shock.

Things will NOT be getting better anytime soon — not on Main Street and certainly not on Wall Street.

That means gut-wrenching volatility is baked into the stock market. Not just through Election Day, but right through much of 2009, as well.

And whether you index, value hunt, diversify, buy growth stocks, whatever — this is not time to be a stock investor.

 

Your humble Ace Reporter

Bob

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