A GAME OF EXPECTATIONS

Even though we’ve heard sweeping rhetoric and platitudes from Obama over the past two years and expectations have been set very high, expect the Dems to dial it back a notch (okay, twenty notches) in the coming months. If you listen to Obama carefully, he has already begun to set lower expectations for the months and years ahead…expect Obama to give himself a number of ‘outs’ over the next six months that will artfully allow him to retreat from his campaign promises.

These ‘outs’ will likely be billed by Obama as accepting the brutal realities of the current economic climate. It’s actually quite humorous to watch this happen so quickly after the election. I have no doubt that most Americans don’t have a clue as to how these lowered expectations will influence them...these folks are sheep.

I predict that the rosy outlook for Obama will change for many after the sunshine period of the next few months is over. If the economy gets worse over the next few years (and it likely will), don’t be surprised if Obama gets thrown under the bus by many voters as quickly as he has been embraced.

On some level, I believe that many on the left have assuaged their guilt by electing a minority President who is, in reality, the least qualified candidate for the Presidency in the history of our country. If someone doesn't believe that race didn't play a big part in this election, they're crazy. Don't be surprised if the majority of American's self-professed altriusm quickly comes into conflict with the realities of higher prices and higher taxes they must now pay to achieve that warm, squishy feeling they so adamantly desired.

Oh, the market is down another 300 points today on the Obama decision. Perhaps the market keeps pricing in the expected tax increases, as it has done for weeks now...duh. Perhaps Obama supporters who have 401Ks thought that their retirement plans were based on something other than stock prices...

v/r,
FMC