OPTIMISTIC about the ECONOMY

Which way is our economy headed? How will this change depending on the midterm elections? The stock market is rising in anticipation of a Republican victory in November. Don't feel too smug if you are of the GOP persuasion. If there were a Republican president, it would rise on the expectation of a Democrat midterm victory. That's just the way it is. A one party government where huge swings in the social fabric of the country are possible overnight, as in the health care bill, cap and trade, stimulus, etc., makes Wall Street nervous. A checks and balances government where bipartisan agreement is needed for passage of legislation, bodes better for your portfolio. The recovery is happening, it will continue barring some disaster, and the Market is a leading indicator. Financially, it is prudent for you to individually do what will happen when bipartisan power returns to DC. Nothing too radical, no over-leveraging, and not falling hook line and sinker for the next Bubble. Not 100% fixed income, value dividends but don't make a religion out of it, and expect modest returns. (Much better than the insulting yields that banks brag about on CD and Money Markets.)

I am optimistic about the future of America. We have such a strong foundation that even though 50% of our population contributes little or nothing to the bottom line, the rest of us can carry them quite easily as long as we do not let breast-beating-liberal-angst smother the entrepreneurial spirit of this country with class envy. The trouble with Liberalism is that you eventually run out of other people's money. Midterm change of government will slow or stop this run away train. Even an average American housewife who used to practice witchcraft in high school would do more to forward the progress of our country than an avowed socialist who constantly apologizes for our nation's success and is Hell-bent to turn us into those mediocre countries in Europe whose Health care and social support systems the Liberals admire so much. You know who I am speaking about... the congress persons who wrote the laws so that they do not apply to them, while they know what's best for you. You don't have to sip the TEA to know that the monopoly in government today with Obama-Pelosi-Reid is a recipe for America becoming the next Greece, or Spain, or at best, England. And if becoming one of these half-baked not quite first world countries is what you want, why don't you just move there and let America continue its global excellence. If you are one of the 50% who pay no taxes...definitely vote Democrat. It's in your best interest. The next round of change you can believe in if the Dems win in November will assure you that you will never have to work again and the rich (people who currently pay taxes) will care for you and give you free EVERYTHING.