Friday, November 14, 2008

President-Elect Obama and the Rug Market

When Fannie Mae, Freddie Mac, insurance giant AIG and Lehman Brothers failed few months ago, everything looked bad and this situation was seized by the Senator Obama's Campaign. Obama won the election with the promise of change. Can president-elect Obama turn the rhetoric and the ideas that won him the presidential
election into policies and implement them correctly to bring the desired changes about?

I am not politician and do not like politics but of course try to follow it to see its effects and consequences on my life. I see from the people who walk into my rug gallery every day that people have high hopes for the right kind of changes to happen. Although the holiday season is approaching and we are almost in the middle of November, people have not really started shopping for the Christmas yet. We have not felt getting closer to holiday shopping in our rug gallery here in Los Angeles. We have not either felt people getting ready to buy rugs or have their Oriental and area rugs cleaned for the holiday traffic.

I am a rug dealer and see and measure everything from a rug point of view and angle. Just wanted to share some thoughts on the new political transition and its relationship to my profession and passion which is rug!!

Khosrow Sobhe

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