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A problem in society today is that keepers of the gates of various and sundry of society's essential institutions are either asleep at their posts or are traitors to the causes they purport to represent...teachers that indoctrinate instead of teach facts, logic, and how to think; preachers who abandon the Word of God for the doctrine of man; journalist who enjoy Constitutional prerogatives while acting to make of none effect the sine qua non of free expression, which is to inform, not manipulate and pander; and self-styled business leaders and Wall Street investors who advocate socialsim and wealth redistribution as a nostrum for self-inflicted wounds.

Only if one is a masochist or schozophrenic investor is there any doubt about the lasting harm that will be done to the wealth of the investing class and the trickle down poverty effect on the economy in general should Hussein Obama accomplish a fraction of his agenda:

'In the wake of the Democrat's win, Wall Street o...(Read more of this comment)bservers agreed that an era of increased government intervention in the economy is likely, but they differ on its extent and ultimate effects.

'The election of Barack Obama is clearly an historic moment in American history and he will come into office on a wave of energy and enthusiasm.'

This is Econ 101 and high school civics:

1. Increased government intervention is always and everywhere ultimately a drag on economic activity and a real bummer for innovation.

2. Pearl Harbor was an 'historic moment' as well and represented a change in the lives of America and the world for the ensuing four years...so what's your point with respect to your in-depth analysis of this fact..that Obama was and is a creation of the sycophant press such as yourself and that this 'wave of energy and enthusiasm' read hope, will triumph over fact, logic, and over economic history?

Not now, not ever, not here. Will the last journalist to figure this out please turn the presses off when he or she leaves because your irrlevenace is matched only your accleeratingloss of serious investors as readers.(Show less of this comment)

As usual, investment 'gurus' know nothing about the real world (refer to bottom cut-n-paste). 'Transparency' as Berstein mentions, was created in 1992 when Barney Frank and Bill Clinton removed most of the regulatory requirements for making home loans ... called the '5 C's of Lending'. As a result of that, we are now where we are today, in that all the unqualified 'homeowners' are now defaulting. Of course, to be fair, when George Bush came into office, he did nothing to address the problem. Then, when Reid/Pelosi came around ... you guessed it ... NADA.
So from a former banker, and FDIC/FRB regulator, don't try to tell us (Berstein) that regulations are not good.
AND ..... look at the last section in which he says '...economic fundamentals are much more important than are politics.' Talks out of both sides of his mouth IMO.

'Regulation across a broad scope of industries is likely to increase, but investors should try to keep an open mind. The financial sector m...(Read more of this comment)ight be a prime target, but investors typically benefit from additional transparency,' Bernstein wrote. 'For example, although corporations generally dislike much of the post-Enron legislation, corporate profits were extremely strong subsequent to the enactment of these laws and the stock market performed well. Overall, economic fundamentals are much more important than are politics. How the politics reacts to those fundamentals should always be watched closely.'(Show less of this comment)

Obama Likely to Spend Way Out of Recession...

and right into Great Depression Pt Duex. Just watch. We'll get to see Keynesian Economics run wild -- hell, we already have had too much of it as is. This is shaping up to be the biggest economic disaster ever. It's like their trying to drown a fire by throwing gasoline onto it. Already the incompetence of Bernanke and Paulson have caused great damage. When BHO gets in there it's over for years. Be very afraid.

He's going to have to spend quite a bit! I was looking at last week's major economic charts and it's a mess.

http://www.greenfaucet.com/economy/weekly-economic-review-11-3-11-7/02295

The problem is it is inflationary to print your way back to prosperity. This man has his hands full. Believe me.