Democrats and Republicans are very similar... they differentiate themselves mainly on social issues, not financial ones. Both groups are about big government. Bush spent more than all the past presidents combined. There are not many true conservatives left. Ron Paul is the lone voice in Congress. Republicans spend money on wars, defense spending, or reduce revenues by giving corporate tax breaks. Democrats spend on social programs to subsidize the losers of society.
Obama will be re-elected imo. There's just no serious Republican presidential candidate (Ron Paul, unfortunately, is disliked by his own party). The market is only down 9% YTD so it's not a big deal, plus stocks don't accurately portray the economy anyway... They're driven by emotions and not by fundamentals.
Every empire has it's day...