Will There be a democratic landslide and how will that effect your investment strategy for 2008 and beyond?

This writer predicts a Democratic landslide  for the following reasons:

(not listed in order of importance = importance is based on income- education)

 

1-Corporate Greed e.g. grossly overpaid and underperforming executives.

e.g. Enron –subprime= mortgage “meltdown” outrageous bank fees-banks borrow from the Federal Reserve Bank = at the discount window for 3 % and turn around and charge 12-23 % to borrowers

2-The Iraq war- the best case- the administration had a failure of (in) intelligence –worst case we want more oil!!

3- Outsourcing of jobs –good for profits and investors –bad for working class - no incomes and less social security contributions –guarantees Social Security fund will decrease unless…

4- The failure to distinguish between Islamic terrorists and  illegal migrant workers –This failure is deliberate!   It deflects American thought attention and discussion from  other policy failures 

5-The continuing budget deficits

Senator Robert Taft  “Mr Republican” is turning over in his grave. He would not recognize the Republican Party of today and it’s  members

6- the people finally understand call for” tax decreases “are code words not for “more money for investing” but “I want more of my pay ”

Even Warren Buffet has stated  this fact albeit more politely

If you have read this far then you should be concerned about what investments are the best in the next few years - given that a major increase in income tax is coming.