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Obama’s Intrade Numbers Tank, Smartist Web 2.0 Era is Here

As November 4Th nears it is becoming increasingly probable that Obama will indeed lose to McCain, as I have been predicting on Iamned.com for the past several months now. We’re still in the smartist, globalist, new world order of economic and financial perpetualism, and in such circumstances radical liberal, isolationist, protectionist, anti-fee trade candidates like Obama CAN’T win elections.

According to Intrade Obama only has a 52 percent chance of winning, a 15 percent decline from his peak. McCain’s numbers have surged from 31 percent in early June to 47 percent. Meanwhile, polls are showing McCain with a four point lead over Obama, thus erasing any post convention bounce Obama received. This doesn’t come as a surprise as I have been predicting such an Intrade reversal for months now.

But shouldn’t Obama be polling better? After all Bush’s approval ratings are at record lows and the economy is in a great depression according to Obama. And the Iraq war is a waste of human and financial resources and the deficit is out of control. The bitter small towns people who cling to guns, religion, and the constitution want change.

Quite the contrary. The pro-Obama boo hoo hoo liberals are wrong now as they have been since 2004. Rising deficits are actually good for the economy because they dive the dollar lower, which benefits exporters and large cap tech companies such as google, Cisco, and Apple. Defense contractors, industrials, and energy companies also benefit from Millay spending and a falling dollar. Credit card companies such as Visa and MasterCard also benefit. Rising commodities are also bullish for the economy and stock market because energy and mining stocks such as Cleveland Cliffs, Potash Corp, and Patriot Coal see increased revenue. People don’t mind paying five dollars a gallon for gas or six dollars a gallon for milk because those good are considered inelastic.

Michael Arrington’s Techcrunch 50 is currently underway in San Francisco. No mental recession there. No one complaining about the rising tuition, the rising gas prices, the rising oil, the outsourcing, the insourcing, the falling house prices, the falling dollar, the growing wealth gap, or the ‘Iraq war going on too long’. The attendees of this convention know that the new smartist, globalist, consumerist, hypercapitalist era is here and they are choosing to embrace it instead of fighting it, as in the case of the Obama. Currently we’re in a second Internet boom in the Silicon Valley under the moniker Web 2.0, but the boo hoo hoo, wellfare Obama liberals who are against free trade and globalism are still bemoaning an imaginary recession, a housing bubble, a fake credit crunch, and a non-existent liquidity crisis. They are are same pessimists who call web 2.0 a bubble when it isn’t. Facebook is worth $30 billion, and Twitter is worth $5 billion, and these valuations are very reasonable.

Home prices in the Bay Area continue to surge, as well as other areas such as Manhattan, Beverley Hills, and Aspen. No housing bubble there. Million of college students are maxing out credit cards and logging into Myspace, Facebook, and Twittering. No recession there. How can there be a liquidity and credit crisis if people are still able to max out their credit cards? There is still huge credit and tons of liquidity.

McCain’s victory is inevitable, and soon after being sworn into office he will invade Iran and perpetuate the occupation in Iraq. Oil will surge, the dollar will crash, food & gas prices will surge, and the stock market will rally. Large cap, globalist tech such as Google, Apple, and RIMM will lead the way. McCain is for NAFTA and cheap labor, which benefits commodity stocks and energy stocks. Boo hoo hoo I can’t find work because all the jobs are going away. Boo hoo hoo I maxed out my credit card to buy groceries and gas. Too bad. McCain isn’t complaining, nor is Michael Arrington of Tech Chrunch. The globalist new world order is here, McCain will win, the borders will be opened, and the manufacturing jobs are never coming back.