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Before Obama: How Bush Became “The Worst President Ever”
By Nico Isaac - Wed, 05 Nov 2008 19:45:00 ET

In the wake of Democratic senator Barack Obama’s historic rise to the ranks of United States President, it’s difficult not to acknowledge his predecessor George W. Bush’s precipitous fall from that very position.

Fact is, public opinion of Bush has undergone one of the most radical about faces in recent memory: From first-term “Cowboy” with the highest approval rating in the Gallup Poll’s entire 70-year history — TO — second-term whipping boy with a record-low approval rating of 27%.

In the words of one November 5, 2008 Wall Street Journal: “It seems no matter what Mr. Bush does, he is blamed for everything.” And, according to the experts, “W” will undoubtedly go down in the book as the “Worst President Ever.”

Contrary to popular belief(s), according to socionomics – the new science of history and social prediction based on the Elliott Wave Principle – the REAL reason behind Bush’s fall from grace is not “policy” (say the leftists), “scapegoating” (say the rightists), or a “breakdown of bipartisanship” (say the middle-ists). It is: A downturn in mass social mood, as reflected by the bear market decline in the Dow Jones Industrial Average.

In his 2002 best-selling book Conquer the Crash, Robert Prechter, Executive Director of the Socionomics Institute, addressed the one pre-condition for Presidential popularity and wrote:

“U.S. electoral history shows that when the stock market is rising, reflecting a positive social mood trend, voters tend to maintain the incumbent leader. When stock markets collapse, the leader is thrown out in a landslide or by other means. There are no exceptions to this rule.”

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Selling a property can be one of the most stressful things you can do and unfortunately this event is sometimes forced on people. Due to external factors many people find themselves in a situation where they need to sell their home quickly. The operative word here is “need” rather than “want”. Often this is due to financial difficulties, divorce, separation, emigration or the threat of repossession and eviction. In these circumstances selling on the open market via an estate agent is not the ideal solution due to the time it takes.

Selling via an estate agent is the preferred route of most property sellers and accounts for 90% of all sales. The reason why this method continues to be so popular is that it allows the seller to get near the maximum price possible for their property (assuming they are using a good estate agent which is not always the case).  Just a quick note on this: the market value and is the price that people are willing to pay for the property. Sounds simple but it is important to distinguish that the value of a property is what people will pay and not what surveyors or estate agent say. Most of us have seen (either on TV or through personal experience) 3 different estate agents value the same property and come up with 3 very different prices. They are guesstimates but many people chose the highest and hold on to this as fact. 

Anyway, I digress. Selling via an estate agent normally takes anywhere between 4.5 – 7 months with 6 months being the average. It is also worth bearing in mind that 1 in 3 of these sales collapses down due to chain breaks. The buyer and seller then have to start all over again. So this is not the ideal solution if you need to sell your property quickly. Those who do are increasingly turning to specialist home buying companies as well as the traditional auction route. 

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