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Stock Ideas Investors Daily Edge My Personal Experience With The Last Two Administrations
Stock Ideas Investors Daily Edge My Personal Experience With The Last Two Administrations 
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| My Personal Experience With The Last Two Administrations |
| Wednesday, 12 November 2008 | ||||||||
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Thank goodness, the election is over. I was tired of the political ads, I was tired of the political banter at work and I was tired of the political reader feedback. But since last Monday's article was addressing the election, unfortunately I don't get to put the political discussion behind me just yet. There are a few reader emails I need to address. The first email is from John M. Remember that my article and John's reply were both written before the election results were known. Rick, Since the election of Obama and a large Democratic majority is a given (<3.5% chance of McCain coming from behind), it would have been a better article if you had focused more deeply on what his victory and what the huge majorities in Congress will mean to the American investor. Since we will lose any check-and-balance capability by the decimated Republicans -- by their own fault -- the financial landscape is going to change significantly, including more spending, more regulation (definitely needed in some arenas as proven by the Wall Street and Main Street greed), and much higher taxes (including stealth taxes). The only real question is how fast Obama will move on key programs. The WSJ had a great article last Thursday identifying the three factions within the Party and their goals after the election. We'll see which path Obama follows. Keep up the good columns and advice. John M. While I was tempted to write a more slanted article on what an Obama victory would bring, I can't get the picture of Harry Truman holding the newspaper that says “Dewey Wins” out of my mind. I know the polls showed that Obama had a comfortable lead going in to the election, but as Yoga Berra would say, “it ain't over ‘til it's over”.
The other part of your email that I picked up on John was that you seem to be a Centrist like myself. You are right, the Republicans had control of the White House and Congress for six of the last eight years. Had they done a better job of leading and improving our lives, they would probably still be in power. The next email comes from Brian W. Brian is obviously not a Centrist. Trust Obama? Rick- this BOZO says he will be ecstatic if energy prices go up...he wants to bankrupt the Coal Industry...he wants to fund welfare, and he WILL FUNDAMENTALLY CHANGE our Country...you will NOT recognize it! He will take away rich middle class and turn us into a two CLASS society, very poor (control the votes with welfare) and very rich, won't control the votes but will take so much away from rich it won't make sense to have BUSINESS! Mark MY words, Rick, you won't have an audience to write/advice to in a few years...he's got the Nasty Pelosi/ Dingy Harry Reid backing to do it! Socialism would look GOOD after a few years of this clown! Good trading? You won't RECOGNIZE it IF that Clown, Bozo, gets elected! Brian W. Well Brian, I am guessing you aren't very happy about the outcome of the election. Hopefully you read my article yesterday, because in that article I talked about how this country needs a leadership change, period. Whether McCain won or Obama won, the fact that the country needs an attitude adjustment is inarguable. The economy is in the crapper, consumer confidence is at record lows and 1.2 million people have lost their jobs so far this year. I don't think Obama is going to come in and turn the U.S. into a Socialist State anymore than the present administration has. Let's not forget that the Bush administration has created more new government departments than any President since FDR. As far as the last eight years, I can only speak for my own experience. Here is my take on the last 16 years. It is easy for me to remember what was going in 1992, I started dating my wife in 1992 and after 15 years of marriage, we have seen a lot of changes. Not only in our own lives, but also in this country. From 1992 to 2000, my wife's company did extremely well. She got raises, bonuses and lots of perks. We traveled on the company a little, nothing excessive, and they paid for her car. Starting in late 2001, instead of raises she got salary freezes that would turn into pay cuts a few years later. Bonuses went by the wayside and this past year, so did the car. The final straw came last week when after 19 years with the company (she helped start it) she was informed that they will have to let her go at the end of this year. Sure the company made mistakes along the way (show me a company that doesn't), but my own experience with the last two administrations goes completely against the belief that Republicans are good for business and Democrats are bad for business. I don't have blind faith in either party. I don't believe 90 percent of what either party says about themselves or the other party. What I do know, is that a change will do this country some good. If only it would have come about a year earlier and I would be saying that if McCain had won as well. Finally, I will end on a light-hearted, feel-good email from April B. This was a good message, simply written, quickly and easily read at work, and easily understood. I appreciate your emails and advise, although I am not a big investor, I do try to understand what is going on. April B. Thanks April, I appreciate a kind word after these last few weeks and I am glad that you enjoy the articles. Good luck and good trading, Rick P.S. To let me know what you thought of today's article, send an e-mail to: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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