BREAKING NEWS (October 10, 2008- SLC, UT)- Tim News Services, Inc. Has Called the Election in Favor of Barack Obama, in the biggest landslide in 2 decades.

I used to think there was a chance that once Obama would become President- then the economy would go south, maybe the foreign threats to the US would become more menacing because he was a "sing kumbaya" liberal who didn't know how to call something evil and bomb it, etc.

But I would like to say, right now, that it is now literally impossible for Obama to fail as President. He is starting with America at the bottom of the Ocean. The stock market is in absolute free fall like hasn't been seen in any of our lifetimes. The S&P 500 is down 46% and counting in the past 366 days. If you put $1 in the S&P 500, less risky that many investment choices, on October 9, 2007- it is worth 54 cents today. Less than 50 cents if you count inflation. There have been 10 Bear Markets (down 20% at least in the S&P 500) since the Depression. Only 2 of them approached 50%, and those were 2000-02 and 1973-74. Both of those were due to 1 big event and 1 cycle (9/11 and the Tech Bubblle deflating, and OPEC basically) and both of which were receovered from relatively quickly. This is different.

When Obama takes over, in the midst of a Depression, in the midst of an 8 year war in Afghanistan that hasn't made progress I can name in 7 years, and in the midst of a 6 year war in Iraq that is waiting for Iraqi 3 year olds to stand up and start taking care of themselves by age 40, with a government that has debt of 11 trillions, in a country that is "out of ammunition" in every single sense- tiny military that is trying to be a global empire, negative savings rate, unemployment heading towards at least 12% as the latest consensus, what can he possibly do to fail?

Seriously, unless Pakistan conquers America, an Obama Presidency cannot fail. There is nowhere to go but up. And he will have a huge mandate, and a unified Congress, and something akin to emergency powers in the atmosphere- especially after the Republicans just socialized America's capital.

And where is the reasonable voice of conservatism? Not with McCain, who is running to Obama's left on economic issues with class warfare righteous rhetoric to make one cringe. Not with Wall Street, which is acting like one gigantic corporate lobbyist. Not with Bush, who is still certain that a marginal tax rate of 35% on the super rich, as opposed to 40% on the super rich, is what makes an economy go. Not with Bush, who resembles Woodrow Wilson in Iraq and Afghanistan and in his '04 inauguration speech, and who encouraged us to run up credit card debt after 9/11. Not with Bush, who tripled the national debt to test out John Maynard Keyes statement many decades ago that, in the long run, we'd all be dead.

OPEC will try to see that we are all dead, when they meet in Europe next month to try to stop this recent "drop" in oil prices.

I guess it helps that Iraq isn't in OPEC anymore and has no quota??