Obama’s re-election has been profitable for us in the trading room. Unfortunately, the market is suffering just like the nation, from the election. But you get the government you deserve. The market is taking into account that he has no record of actually being able to accomplish anything except fooling most of the people part […]
Tag: White House
Republicans finding ways to make Obama look presidential
what an uninspiring set of choices we are offered Its Perry’s race to lose, and he looks like nothing more than Bush 2.0, without the speech impediment, but fewer ideas if that were possible. Pawlenty dropped out after lacking the courage to even debate Romney when he had a chance, then tried to beat up […]
Tea baggers confuse leadership with ideological purity
By playing their game of tactical chicken to appease a subset of the republican party, the GOP has already walked away from the best deal they were going to get; There was a chance to get important concessions on major entitlements, but the no new taxes mantra puts us back into gridlock. The deal that’s […]
The cost of payback, using GAAP
This is what comes from an effort to divert market energy into central planning schemes designed to reward Democratic constituencies. When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact […]
Worst of both worlds: unions & government employees
We need about 10 years of budget gridlock and just continuing resolutions. This is a start. According to the White House, the pay freeze will save $2 billion for the remainder of FY 2011, $28 billion over the next five years, and more than $60 billion over the next 10 years. It will apply to […]
All the smooth hep-cats take a groovy step forward; not so fast Obama
Image via Wikipedia Obama: the man with a tin ear; he thinks he is legendary; he is becoming an urban legend, a walking punchline. He is looking more like Alfred E Neumann everyday He was supposed to be above politics; we now see he is just not very good at doing it. Oh, he can […]
Forked tongue, 2 faces and a ton of debt
Image via Wikipedia Out of one side of his mouth: “When times are tough, you tighten your belts,” Obama said, according to a White House transcript of his appearance Tuesday at a high school in North Nashua, N.H. “You don’t go buying a boat when you can barely pay your mortgage,” Obama said. “You don’t […]