My Small Scale Poll Explains Economic Collapse

I talk to a lot of people. For the last two months I have been conducting a poll about expectations for the future. Since you see the professionally done polls claiming that people in general are not spending because they are "concerned" about the future by a small degree, there is no surprise that our economy is in the doldrums.

However there is a disconnect between the professional polls and the severity of the resistance to spending by different groups. I believe my poll explains this disconnect.

Many poor and young people are enthused about Obama and the coming socialism of his administration. They have confidence in the future and there is little impact on their spending.

The middle class are mildly discouraged and cautious. They are not sure which way to go, but there is no enthusiasm for the future that would result in their opening their wallets to spend with confidence.

The successful in America are depressed. They see the redistribution of wealth as guaranteed to damage them and they have reacted to the Obama victory by already going into protectionist mode. If they own small businesses they are cutting back on investment and firing marginal workers. If corporate employees they are filing discouraging reports of the future which are creating corporate resistance to spending or investment.

There are no rich in my poll as I get little opportunity to hang around with the Warren Buffett and Bill Gates of the world. However since they make up such a small percentage of the spenders of the world, I don't consider their exclusion from my poll to significantly affect the results.

Four things are happening.

One - The growing recession is a direct consequence of the election of a socialist to run our nation.

Two - The stupid "bailout" that the Democratic congress and the socialist President Bush collaborated on has done nothing to slow the collapse of our financial system.

Three - The successful creators of wealth in America are preparing to sit out a prolonged attack on their success, just as Ayn Rand predicted in Atlas Shrugged.

Four - The socialists and the many wealthy people whose careers are based on redistribution of wealth (like entertainers) are confidently preparing to risk inflation as they go back to their Keynesian roots.

Obama's plans are perceived through totally different prisms for many in our nation. They are not "change". They are based on an utterly useless "hope". They are most assuredly NOT "new" as they were tried twice in the last century right here in America, once by FDR and once by the Johnson-Nixon-Carter trilogy. It did not work before. It will not work this time. The successful in America understand this. They read. They understand history. They use its lessons to prepare for the future.

With serious concerns about our failure to provide for our own energy requirements, the plans of Obama to even further eviscerate our energy production with useless "green energy" pipe dreams does not bode well for anything of value to be done in the foreseeable future on that critical front.

The professional polls look at the total population and act like all of us are reacting the same. I think they need to poll different groups and note the huge differences between their reactions to what is happening in our nation.

If they did there would be a different prediction on the future reaction to the "bailout" Obama is selling.