So what happens next?

Anyone’s guess – mine is that we’re in a holding mode until the One is elevated to President. Sellers are hoping that everything the Democrats say is true and that, notwithstanding the massive government spending that has already taken place yet inexplicably failed to make us all rich this time, this time it will be different. if they’re right – and I hope they are – then prosperity will return at the end of January, house prices will soar, Wall Street will rehire those 170,000 workers and the boom wil resume right where it left off. 

I have my doubts, but one thing that may help is that the media is so invested in Obama’s success that it just won’t let bad news creep in. The media talked down the economy during the entire Bush administration and, while its still doing that, I believe they do so only to be certain that the trillion dollar spending spree gets whopped in. Once it is, Hosannahs are in order.

Example: Just today, NBC announced that it was banning Ann Coulter from its airwaves, forever, and canceling her scheduled appearance to promote her latest book, “Guilty”.

But one network insider claims it was the book’s theme — a brutal examination of liberal bias in the new era — that got executives to dis-invite the controversialist. 

“We are just not interested in anyone so highly critical of President-elect Obama, right now,” a TODAY insider reveals. “It’s such a downer. It’s just not the time, and it’s not what our audience wants, either.” 

We’re in for years of this sycophancy – perhaps it will help.