[cobra de capell]

The wall IS starting to crack. And my experience in these things is that when a charlatan’s story begins to unravel, it picks up speed geometrically and collapses like the Hindenberg at the site of a Bic lighter.

The story goes like this...Obama keeps telling people how many jobs he “saved” throughout the summer. Unemployment goes marginally lower with each passing month until it crosses the 10% mark (which is really 17%). Social unrest breaks out in Detroit, Suburban Atlanta, Houston and Los Angeles. Obama urges calm. Interest rates continue to rise as the printing presses down at the Treasury department continue to whir. China balks openly about buying Treasuries. The Fed ends up buying them in a giant shell game of fake transactions. The dollar collapses. By Fall, the markets having peaked above 9000 on the DOW, once again begin to tumble. By October, they are threatening to breach the March 9th lows. Israel bombs Iran and a new wider Middle East War ensues. Obama urges thankfulness in November even as his popularity now rivals Bush and Pelosi. He is looking strained. Nobody believes him anymore. The networks refuse to cover his press conferences. He is losing civil suits in court over stiffing the bond holders at Chrysler and GM. After Thanksgiving, North Korea attacks South Korea. By this point, even the most die hard Obama fans are throwing in the towel...

It will be fascinating.