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Obama Incompetence: Consequences Now And Later

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- Socio-Political Commentary -

August 9, 2011 (FinancialWire) (By "The Political Prophet"(R)) -- Editor's note: Socio-political events and developments have a direct impact on the market. In the interest of providing shareholders and investors with a broad spectrum of information in regard to such potentially impactful occurrences, FinancialWire(tm) contributor, "The Political Prophet"(R), offers advanced insight with potential ramifications for virtually the entire market spectrum, perhaps best represented by bellwether-type ETFs such as the Health Care Select Sector SPDR ETF (NYSE: XLV), the Market Vectors Agribusiness ETF (NYSE: MOO), the SPDR Gold Trust (NYSE: GLD), the iPath Goldman Sachs Crude Oil ETF (NYSE: OIL), the iShares Dow Jones US Real Estate ETF (NYSE: IYR), the PowerShares Global Progressive Transportation Portfolio ETF (NASDAQ: PTRP), the Claymore U.S. Capital Markets Bond ETF (NYSE: UBD), the Technology Select Sector SPDR ETF (NYSE: XLK), the Industrial Select Sector SPDR ETF (NYSE: XLI) and the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP), to name just a few. To that end, here's the latest entry from FinancialWire contributor, "The Political Prophet"(R):

We are being told that the reason President Obama is so impotent when attempting to deal with Congress is the tremendous power of the Tea Party. The White House also tells us that the reason for our nation's credit rating downgrade is the math skills of one of the two rating agencies that have reduced our credit score. We are told by this President that the reason millions are out of work and can't find jobs is a fellow named Bush who was president over two and 1/2 years ago. We are told by the Obama State Department that the reason we are helpless to stop the slaughter in Syria is that the Arab leaders are holding us hostage. This baloney is fed to us when we are flying our Ambassador, Robert Ford; back to his office in Syria at exactly the same time the Arab leaders are recalling their Ambassadors to directly protest the slaughter in Syria. We are told that the war in Libya is not a war. We announce our withdrawal plans to the enemy overseas because it sounds good to politicians here at home. Think of it: the lives of our troupes are put at risk for a sound bite on a 6PM newscast. The nature of the underlying problem strongly suggests that things will continue to get worse and they are not likely to get better until the Obama term ends and a new President takes office in January, 2013.

We Predict: The American people are now coming to the frightening realization that President Obama is and always has been, completely unprepared for the office he holds. He is grossly incompetent and will remain so because his perspective keeps him from learning from his mistakes. He views every issue from strictly from a political vantage point and, as a result, he can't get anything right. If he was ever truly qualified to teach, he left his tool kit in the "Ivory tower" and now he couldn't lay two bricks end to end. At the current rate, he will go down as the President who missed his opportunities by the greatest margin in modern history.

Just weeks following his election in 2008, Obama saw the bottom drop out of the stock market. Today, the DJI again dropped over 600 points including a drop of over 200 points after Obama gave his speech to the press and the markets. Investors large and small have been saying for a long time "There is something about Obama that is not right. It has nothing to do with race but it does involve his obsession with his own political interests to the exclusion of all else."

At the time our need for inspired leadership is greatest, the man in the oval office is the least equipped. We saw President Harry Truman grow in office when he had to but we also saw President Jimmy Carter shrivel when he simply could not grow. We saw a powerful and politically skilled President, Lyndon Johnson, quit at the end of his first term because the office demanded more than he had to give. The job market, the stock market and our entire economy would improve dramatically if President Obama would announce tomorrow that he will not seek re-election. That is the one move that would boost confidence and stimulate hiring and investment quicker than anything else. At long last, it is the speech Obama could give that people would welcome and believe.

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Resource note: Predictions prepared August 8, 2011; Of special Interest to political leaders, candidates, staff, donors, campaign professionals, journalists and investors; Original July 21 article posted by Investrend Syndications (at http://www.investrendsyndications.net/content/prophet/2011/08/08.php).

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