Bill Cara's Community Chat, Fri., Aug. 29, 2008, 9:24am ET

Well, the Democratic convention did become the highlight of my day yesterday, and I’ll admit it – for a different reason than some of you will want to hear.

]]> Immediately following the end of Barack Obama’s speech, which clearly was impressive in the eyes of independent and objective reporters as well as to his cheering Democratic supporters, we received the Republican response. It came from politicians, lobbyists, and some Republican-biased media. Rather than state the obvious, and go on to encourage the public to see what their own convention, starting Monday, will do, they ripped Obama’s performance apart.

In my eyes, surveying the bigger picture, I see a beaten people rallying around a single black person who is trying to pick them up, and on the other side the slavers who continue to support the notion that the people are their chattels. I addressed this latter point on November 24, 2005 in a separate blog.

I believe that Barack Obama is part of the revolution that is coming in America, which gets underway in November. Moreover, I believe the slavers understand this too, and have been pulling their capital out of domestic banks and industrial companies referred to as Big Business. In fact, I believe this process started with the out-sourcing of American jobs; the real estate bubble; the debt bubble; the hiring of Treasury Secretary Paulson and so many others from Goldman Sachs into positions of public authority; the hyping of the banking sector (XLF) in the market in 2H06 and 1Q07 (immediately after Paulson went to DC); in the massive share buy-backs and vastly increased dividends; the oil bubble; and in the amazing turnabout in the fortunes of John McCain who had run out of campaign funds one weekend and was ready to quit.

It all came together for me last night when I listened to what was billed as the Republican response.

America will change in November, and so too will the market. Last night, Obama told us how. The beneficiaries will be small and mid-sized business (the Russell 2000 over the DJIA/S&P 500), alt energy, educational facilities, and other programs he talked about.

America is the world leader and the People will see it stays that way after November. As I stated a couple days ago, “It’s all about us, stupid.”

Last night, Obama said, “I get it,” but I think he got it some 20 years ago when he started his community work in the Chicago south-side. He was boot-strapping a beaten people then, learning his profession, and now he’ll do the same for America.

As capital floods into America from abroad, I foresee a stronger Dollar, a stronger nation.

Have a good day.