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Bad Dow, Baaa d Dow, Dog Days In The Economy Politically.

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January 7, 2008

About This Editor: I am a writer. Have been writing for other sites, but expect to do most of my future work HERE! My expertise extends from the esoteric such as burning hydrogen to the unpredictability of the stock market and my writing makes me a jack of all trades and exasperated master of none. I have had some influence over national wildfire and water policy and there are hints of a change in energy policy, BUT as Samuel Goldwyn once said, "A verbal promise is not worth the paper it is written on."

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The Dow has definitely dipped below thirteen thousand on poor economic news.

A correction. Sure Except last year was not golden rally, more like collecting bank interest, except that there is a sub-rime problem.

Getting down to brass tax or golden moneys, according to Yahoo! Finance Economic Calendar, housing continues to be in the dumps. New home starts are expected to worsen. They’re just not constructing them like they used to. Building permits are also expected to be down. There are predictions of poor auto sales. Recovery is not expected until the fourth quarter of 2008. The jobless rate has just worsened. Initial jobless claims are going to be worse. The trade balance for November will not be good. Leading indicators will be negative.

Obviously, this is all bad news. In case you weren’t paying attention.

So Washington is talking about stimulating the economy which will help imports grow and create demand for energy. That translates to a dollar worth less and less in black gold, the current economic energy standard.

Sounds like a horror story you have heard before.

Although the Congress and Administration are still arguing over the budget, leaving some room for hope, while the Federal Reserve is not scheduled to meet until the end of the month, meaning the bad news should continue to depress the stock market in the mean time. Last meeting, at least Mr. Bernanke and the gang at the Fed helped shore up the financial system. Reassuring, isn’t it?

Hmm. And thought provoking, to say the least. Remember, that I am going into greater detail about the current economic problems that most of the major media.

Now if you’ve just happened to listen to the two crews of Presidential candidates they do talk about taxes and some fanciful energy schemes, but they have not paid much attention to the current sad state of the national economy. Perhaps deliberately.

Why? Do they have something else on their minds? Are they too busy campaigning to notice what is going on economically? All right, they are busy getting out the vote, focusing on motivating the electorate, making promises and looking at some distant, hypothetical future.

But the big numbers of the national economy affect everyone, specifically, that means YOU.

So why am I pointing this out? More specifically, why am I one of the few pointing this out?

Well, something shifty is going on. I must point out that Washington politicians are good are playing games. In my opinion, this is one of those games. Mostly it is just to blow smoke into mirrors, but as the old saw goes when elephants or donkeys fight it is the grass roots that gets hurt.

Basically, this is a reminder to keep your eyes on the candidates and vote accordingly. To stay on message, I still support Barack Obama and Mike Huckabee, in the spirit of the old fashioned two part system.