HousingPANIC congratulates President-Elect Barack Hussein Obama on his historic win. America thankfully chose hope over fear.

The good news for Obama? The bar is set low. Really, really low.

The bad news? George W. Bush, the GOP (and many of Obama's fellow Democrats in Congress) wrecked America, spent all the money and demoralized the nation.

Thanks to Bush's incompetence and corruption, Obama's got his work cut out for him.

But no matter your politics, I think you can be proud to be an American tonight. This was a race for the ages. And the better man, and better campaign, won.

LIVEBLOGGING NOW.. Alright, I'm all settled in, caffeinated up, ready to see if America pulls its head out of its ass tonight

[LIVEBLOGGING NOW - GO TO COMMENTS AND REFRESH FOR LATEST]

I wish you all could see how into the US election people over here are. EVERYONE wants to talk about it (and Bush and Obama) when they hear my yank accent.

History is being made tonight HP'ers. I said years ago that the housing crash would be the #1 issue on people's minds and would change everything. And so it will be.

Tell your election day stories here, get on record with any predictions, give us any scoop or insight, and I'll be liveblogging now hopefully through the acceptance and concession speeches (if I can stay up).

MSNBC is streaming live right now as well.

(FLASH: I've just been notified that Greg Swann, America's Most Discredited REALTOR(R), is predicting a John McCain blowout. Fill in your own punchline)

HousingPANIC and AmericaPANIC might end in a few hours. Our work here might be done.

[BUMP]

I saw HP as a story that needed to be told.

It had a beginning, a middle, and an end. A struggle against the powerful. A voice for the common man. A fight of good vs. evil. And it wasn't just HP. It was HousingDoom. And BubbleTracker. And Calculated Risk. And Patrick.net. And Bubble Meter. And Dr. Housing Bubble. And Mish. And Denninger. And Schiff. And Roubini. And oh so many more.

We won, there's no doubt about that. The REIC, including realtors, builders, bankers, mortgage brokers and appraisers, has been discredited. George Bush is seen as the worst US president of all time. Swann, Retsinas, Norman, Todd, Atkins, De Groot and all the rest are embarrassed. Our Congress is wildly unpopular. Home prices have crashed. The stock of any company associated with real estate is in the tank (along with most others). And people who treated homes as lottery tickets got destroyed.

But at the same time, in some ways, we lost. Taxpayer dollars have gone straight into the pockets of housing gamblers, fraudsters and immoral bankers. The world economy is collapsing. The criminals are not in jail. Greedy realtors still make their commissions. And the MSM keeps reporting lies.

I'm tempted to pull the plug on HP on November 5, 2008, our three-year anniversary, as planned. I honestly haven't made a final decision. I think I'm going to wait to see how the election turns out, and then go from there.

HousingPANIC and AmericaPANIC were voices of opposition. And when you're in the minority, when you're in opposition, you have passion, and a raison d' être. When you become mainstream, your predictions come true, and the majority comes your way, then your passion recedes. And that's OK.

First they ignore you,
then they ridicule you,
then they fight you,
then you win.

It's been an honor HP'ers.

Special HousingPANIC Election 2008 Open Thread

It's here.

Finally.

Have at it.

Liveblogging at 7pm EST - join us

This is brilliant. Warped, but brilliant.

Watch it before they pull it...

Thanks Ty

Ronald Reagan delivers the closing argument against George Bush, John McCain and the GOP

PEOPLE OF THE UNITED STATES: IT IS TIME TO OVERTHROW YOUR GOVERNMENT. VOTE AGAINST EVERY INCUMBENT ON YOUR BALLOT. TOSS 'EM OUT. EVERY ONE OF 'EM.

Have your own Boston Tea Party.

Have your own French Revolution.

Write your own Declaration of Independence.

And throw these bums out.

Throw out the Democrats.

Throw out the Republicans.

Throw out the Representatives, and the Senators. Do it at the State level too.

Throw every single incumbent out.

And keep doing it and doing it until they get the message. They can re-apply for their jobs later, but first they must get the boot. The REIC bought our government, both parties, and it's time they paid the price.

No more lobbyists. No more lifetime office holders. No more Friends of Angelo VIP. No more PACs. No more.

Send a message.

Vote 'em out.