'There Would Be a Boost of 1,000 Points on the Stock Market the First Week After He’s Elected'

Happy days will soon be here again. Get ready for a huge boost in your portfolio immediately after The Messiah is elected.

The world will love us again, seas will part and Wall Street will see a boom unprecedented in modern history.

The election of Barack Obama would create an immediate economic boost for the United States, former Atlanta Mayor Andrew Young told me this week.

Young, a former U.S. ambassador to the United Nations, and I chatted after he gave a speech to the Southern Regional Meeting of the National Council for International Visitors, an organization that promotes international citizen diplomacy. The group was meeting in Atlanta at the Westin Peachtree Plaza Hotel.
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More importantly, Young strongly believes that the economic future for the United States is inextricably connected to the rest of the world.

“It’s technically impossible to be self-sufficient,” Young said. “In order to maintain our leadership in a global economy we have to work with the rest of the world. With the transfer of technology, we either lead the world or we get trampled by it.”

And because Obama would be welcomed by global leaders, Young believes his presidency would have a dramatic beneficial impact in the United States.

“Nothing would have more impact on the economy and the price of oil than his election as president,” Young said. “There would be a boost of 1,000 points on the stock market the first week after he’s elected. This would be better than a chicken in every pot.”

I'll have some of what he's smoking.

Thanks to Hot Air for the link.

By the way, lest there be any confusion, economic savant Andrew Young should in no way be confused with the Amdrew Young of John Edwards infamy.