Barry O'Bama helping the economy already!

So voting is just getting underway and already the idea of an Obama win is helping the economy. The stocks are up, way up! Since the economy is largely based on how people feel about their financial prospects, consumer confidence goes a long way to making a measurable difference in the economic outlook. Seems democrats get the benefit of typically being associated with economic prosperity. (Carter is the exception to that I suppose). I don't believe there is an actual trend of democratic policies always helping the economy, but as stated above sometimes it being in people's head is enough to make a difference. More likely the economic growth and contraction cycles are in sync with the alternating Dem-Rep cycles. One thing is for sure though, the Bushites sure did their fair share of screwing it up.

Predictions about the next administration

Under the present economic conditions the loser of the election will be whoever wins the election. If that seems like a strange statement, consider the following. Both candidates promise to cut taxes and raise expenditures. In the best of times a universal health plan is mostly unaffordable. I have long advocated health care for immunizations, trauma and obstetrics, I also think that complete care is an economic impossibility.

Both candidates plan to give hell to the Taliban, and rightly so. Both are predicted by pundits to start a war with Iran on the expectation that Iran will almost certainly give nukes to terrorists. All this adds up to increased expenditures with decreased revenues in an economic situation where stimulus isn't going to help much. The economic situation is basically a worldwide crisis of confidence.

Something has to give, and, I know what it will be. All the promises about health care will not be kept. Taxes will go up. The predicted wars will be made more economical by use of nukes. The loser of the election will be whoever wins the election.