Perhaps I need to rethink some of the themes of my posts. The people of this country aren't buying the bullshit that is being spewed about Barack Obama so why do I need to discuss it?
Argument over.
Showing posts with label Barack X. Show all posts
Showing posts with label Barack X. Show all posts
Thursday, August 23, 2012
God Bless America
Despite the continued efforts to get the country to believe that our economic woes are the fault of the president, our middle class blames Congress, the finance sector, private corporations, the Bush Administration, and foreign competition before they blame the president...just as they should.
Perhaps I need to rethink some of the themes of my posts. The people of this country aren't buying the bullshit that is being spewed about Barack Obama so why do I need to discuss it?
Argument over.
Perhaps I need to rethink some of the themes of my posts. The people of this country aren't buying the bullshit that is being spewed about Barack Obama so why do I need to discuss it?
Argument over.
Finally An Answer!
There seems to be very little if nothing we can talk about when it comes to Mitt Romney. We can't talk about his taxes (even though he wants to change the rest of ours). We can't talk about his time at Bain (even though he is using it as a reason as to why he'd be able to turn our economy around). We can't talk about the Ryan Budget (even though he chose Paul Ryan to be his VP).
So what can we talk about?
Ah, got it!
So what can we talk about?
Ah, got it!
Tuesday, August 21, 2012
Sunday, August 19, 2012
He Built It And He Had Help
James C. Roumell, one of those wealthy job creators, has a brilliant piece in The Washington Post which pretty much puts the last nail in the coffin on all the mouth foaming about President Obama's recent comment on having help to build a business. He also breaks a few myths about Detroit but I'll leave the denizens of Bill Whittle to continue to live in their fictional world on that subject.
First, let's find out a little about Mr. Roumell.
Today, I own a small business, an asset management firm with $300 million in assets. Last year we launched the Roumell Opportunistic Value Fund (RAMSX) and hired three more people. We’re growing and creating jobs.
Sounds like someone Mitt Romney would like to cozy up to as an example of what's great about America. But wait!
I suppose I could pound my chest and take credit for my journey from Detroit to Chevy Chase, from working class to professional. I could say I built it myself. But this wouldn’t be true.
Aw, snap. Well, fuck this guy. He's a collectivist!
It gets worse.
I went to college with the help of Pell Grants and government loans. Twenty years ago I met Claiborne Pell and was able to thank the former Democratic senator from Rhode Island for introducing the Higher Education Act of 1965, which allowed me to go to college.
My business has been made possible by the Investment Company Act of 1940 and the Investment Advisers Act of 1940. These laws created practices and transparency that enabled a financial services industry to emerge. After the stock market collapse of 1929, the public rightly did not trust Wall Street and needed assurances that the industry would operate within a reliable set of rules.
A collectivist and a statist. Is he even an American?
Since Mr. Roumell is an investor, doesn't that mean he is a victim of Barack Obama's policies that have created uncertainty in the marketplace?
Nope.
Nothing in terms of “regulations” or “business uncertainty” has stopped me from investing capital for a return. In fact, the stability that government involvement brought to the capital markets over the past three years, evidenced by a 100 percent increase in the Standard and Poor’s 500-stock index since March 2009, probably enabled my business to survive. The federal government’s back-stopping of money market funds in the fall of 2008 ended, effectively in one day, what was turning into a 1930s-style bank run.
I thought the government was supposed to just let the free market do its thing. Otherwise, it always makes things worse, right? Oh, and on Friday, the S&P closed at 1418.16, near a four year high.
Mr. Roumell closes with two simple facts.
The countries that spend the least on government as a percentage of their economy (gross domestic product) are countries with little business success. Haiti, Bangladesh and Afghanistan spend 16, 13 and 9 percent of their GDP, respectively. Our federal government has spent around 20 percent of GDP since World War II. Europe typically spends slightly over 50 percent, so we’re a long way off even after factoring in an additional 15 percent for state and local government spending.
Yep.
And to those people who still can't understand President Obama's comment?
I did work harder, and perhaps more imaginatively, than many colleagues. But does that mean I built it myself? Does it diminish my success to be grateful for the public investments that so clearly contributed to my success? Every successful person knows, and will admit if he is honest, that luck played a role in his good fortune.
Why is it so difficult for the right to admit this?
First, let's find out a little about Mr. Roumell.
Today, I own a small business, an asset management firm with $300 million in assets. Last year we launched the Roumell Opportunistic Value Fund (RAMSX) and hired three more people. We’re growing and creating jobs.
Sounds like someone Mitt Romney would like to cozy up to as an example of what's great about America. But wait!
I suppose I could pound my chest and take credit for my journey from Detroit to Chevy Chase, from working class to professional. I could say I built it myself. But this wouldn’t be true.
Aw, snap. Well, fuck this guy. He's a collectivist!
It gets worse.
I went to college with the help of Pell Grants and government loans. Twenty years ago I met Claiborne Pell and was able to thank the former Democratic senator from Rhode Island for introducing the Higher Education Act of 1965, which allowed me to go to college.
My business has been made possible by the Investment Company Act of 1940 and the Investment Advisers Act of 1940. These laws created practices and transparency that enabled a financial services industry to emerge. After the stock market collapse of 1929, the public rightly did not trust Wall Street and needed assurances that the industry would operate within a reliable set of rules.
A collectivist and a statist. Is he even an American?
Since Mr. Roumell is an investor, doesn't that mean he is a victim of Barack Obama's policies that have created uncertainty in the marketplace?
Nope.
Nothing in terms of “regulations” or “business uncertainty” has stopped me from investing capital for a return. In fact, the stability that government involvement brought to the capital markets over the past three years, evidenced by a 100 percent increase in the Standard and Poor’s 500-stock index since March 2009, probably enabled my business to survive. The federal government’s back-stopping of money market funds in the fall of 2008 ended, effectively in one day, what was turning into a 1930s-style bank run.
I thought the government was supposed to just let the free market do its thing. Otherwise, it always makes things worse, right? Oh, and on Friday, the S&P closed at 1418.16, near a four year high.
Mr. Roumell closes with two simple facts.
The countries that spend the least on government as a percentage of their economy (gross domestic product) are countries with little business success. Haiti, Bangladesh and Afghanistan spend 16, 13 and 9 percent of their GDP, respectively. Our federal government has spent around 20 percent of GDP since World War II. Europe typically spends slightly over 50 percent, so we’re a long way off even after factoring in an additional 15 percent for state and local government spending.
Yep.
And to those people who still can't understand President Obama's comment?
I did work harder, and perhaps more imaginatively, than many colleagues. But does that mean I built it myself? Does it diminish my success to be grateful for the public investments that so clearly contributed to my success? Every successful person knows, and will admit if he is honest, that luck played a role in his good fortune.
Why is it so difficult for the right to admit this?
Saturday, August 18, 2012
Managing Fantasies Indeed
Last in line asked me yesterday if I wanted to go see Dinesh D'Souza's new film about the president. I told him that I would pass (even if he paid for it) and here's the reason why: I'm not going to be a party to the continued population of a fictional world.
The record of the last decade or so suggests that the party these days is animated by two main goals. First, it seeks unchallengeable, absolute power. Its modus operandi for achieving that goal has been to use institutional power—the power of corporations, courts and legislatures—to acquire more institutional power. A recent case is the drive in Republican-dominated states around the country to disenfranchise Democratic-leaning constituencies, such as the poor and minorities, by legislating onerous requirements for voting.
The other goal has been a less familiar one. More and more, Republicans have exhibited a strong desire to take up residence in an imaginary world, an alternate reality—one in which global warming is found to be a fraud perpetrated by the world’s top scientists, Obama turns out to have been born in Kenya and is a Muslim (and a socialist), budgets can be slashed without social pain, firing government employees reduces unemployment, tax cuts for the wealthy replenish government coffers, and so forth. Perhaps it seems odd to identify such an objective as a political goal, but past ideological movements of the left as well as the right offer many examples of the power of such a longing.
There is nothing more dangerous than a very large group of people who refuse to admit error and continue anyway with their meglomaniacal fantasies.
Worse, they seem to slip effortlessly into what I've been calling recently, "Heading Off At The Pass" syndrome. A severely debilitating avoidance reaction, this can take many forms (rest assured, I will be talking about them quite a bit between now and the election). An excellent example of this is Kevin Baker's continued use of the phrase "Do it again, only harder." His complaint is that liberal and progressive ideas have failed and that's why we have all these problems. Liberals want to do more to try to make up for their "failures."
In reality, (not the fictional world in which Kevin, his ilk, and what is now the GOP reside) however, those policies have worked. Since Social Security first started we've seen our country grow into a massive power in the world. We had massive debt, deficits, high taxes, big government and socialized medicine while we essentially became the financial and cultural hegemenon of the world. We defeated the Nazis, the Communists, and are about to defeat Islamic extremism all with our free market ideals, capitalism, and democracy.
There's no need do any of it again or harder. We've already won.
And by "we," I mean all of us. Of course, people on the right wont't accept this because they can't stand losing an ideological argument (in typical adolescent form). They will have you believe our world is going to end any minute. In a certain sense, THEIR world has ended, in their eyes, because they have been proven wrong. Their enemy is the truth so they have to invent fiction. Since there is never a shortage of fearful and ignorant people, they have power and here's where the danger comes in.
As the very famous and accurate phrase goes, we hate in others what we fear in ourselves. Yet, it was THEIR policies of deregulation and free market fundamentalism that brought us to the tough economic spot we are in right now. THEY are the ones that want to "Do it again, only harder" because they simply can't stand being wrong or admitting fault.
This is the Romney-Ryan ticket in a nutshell. It's a fantasy world filled with promises of giving failed policies another shot because somehow it was the fault of liberals that they didn't work the first time. I've said this many times and I guess I have to say it again.
The party who champions individual responsibility claims none of it.
The record of the last decade or so suggests that the party these days is animated by two main goals. First, it seeks unchallengeable, absolute power. Its modus operandi for achieving that goal has been to use institutional power—the power of corporations, courts and legislatures—to acquire more institutional power. A recent case is the drive in Republican-dominated states around the country to disenfranchise Democratic-leaning constituencies, such as the poor and minorities, by legislating onerous requirements for voting.
The other goal has been a less familiar one. More and more, Republicans have exhibited a strong desire to take up residence in an imaginary world, an alternate reality—one in which global warming is found to be a fraud perpetrated by the world’s top scientists, Obama turns out to have been born in Kenya and is a Muslim (and a socialist), budgets can be slashed without social pain, firing government employees reduces unemployment, tax cuts for the wealthy replenish government coffers, and so forth. Perhaps it seems odd to identify such an objective as a political goal, but past ideological movements of the left as well as the right offer many examples of the power of such a longing.
There is nothing more dangerous than a very large group of people who refuse to admit error and continue anyway with their meglomaniacal fantasies.
Worse, they seem to slip effortlessly into what I've been calling recently, "Heading Off At The Pass" syndrome. A severely debilitating avoidance reaction, this can take many forms (rest assured, I will be talking about them quite a bit between now and the election). An excellent example of this is Kevin Baker's continued use of the phrase "Do it again, only harder." His complaint is that liberal and progressive ideas have failed and that's why we have all these problems. Liberals want to do more to try to make up for their "failures."
In reality, (not the fictional world in which Kevin, his ilk, and what is now the GOP reside) however, those policies have worked. Since Social Security first started we've seen our country grow into a massive power in the world. We had massive debt, deficits, high taxes, big government and socialized medicine while we essentially became the financial and cultural hegemenon of the world. We defeated the Nazis, the Communists, and are about to defeat Islamic extremism all with our free market ideals, capitalism, and democracy.
There's no need do any of it again or harder. We've already won.
And by "we," I mean all of us. Of course, people on the right wont't accept this because they can't stand losing an ideological argument (in typical adolescent form). They will have you believe our world is going to end any minute. In a certain sense, THEIR world has ended, in their eyes, because they have been proven wrong. Their enemy is the truth so they have to invent fiction. Since there is never a shortage of fearful and ignorant people, they have power and here's where the danger comes in.
As the very famous and accurate phrase goes, we hate in others what we fear in ourselves. Yet, it was THEIR policies of deregulation and free market fundamentalism that brought us to the tough economic spot we are in right now. THEY are the ones that want to "Do it again, only harder" because they simply can't stand being wrong or admitting fault.
This is the Romney-Ryan ticket in a nutshell. It's a fantasy world filled with promises of giving failed policies another shot because somehow it was the fault of liberals that they didn't work the first time. I've said this many times and I guess I have to say it again.
The party who champions individual responsibility claims none of it.
Thursday, August 16, 2012
Thursday, August 02, 2012
Saturday, July 28, 2012
No Apologies Anywhere
As Mitt Romney travels abroad, it's important to point out his standard line about President Obama apologizing too much for the United States is one gigantic load of bullshit.
The Washington Post has an article detailing where this lie (see: Breaking the 8th Commandment) originated. More importantly,.the Fact Checker illustrates, in a very complete way, how this is lie is a four Pinocchio whopper. Example:
The Heritage Foundation list is also a stretch. Again, nothing akin to the word "apology" is ever used by Obama. In most of these cases, Obama is trying to make a clear distinction with his predecessor, much as Ronald Reagan did with Jimmy Carter, or George W. Bush with Clinton. Guantanamo or the war on terrorism figures in four of the so-called apologies -- and it is noteworthy during the 2000 campaign that Obama's GOP opponent, Sen. John McCain, also had said he would close the facility. Obama's comments express a disagreement over policy, not a distaste for the nation.
If one actually pays attention to what the president said as opposed to listening to the greatest propaganda experts since Goebbels, there is nothing close to an apology in any of his speeches.
Of course, he is Barack X, so there's no way that he can possibly be tougher than a Republican so...
The Washington Post has an article detailing where this lie (see: Breaking the 8th Commandment) originated. More importantly,.the Fact Checker illustrates, in a very complete way, how this is lie is a four Pinocchio whopper. Example:
The Heritage Foundation list is also a stretch. Again, nothing akin to the word "apology" is ever used by Obama. In most of these cases, Obama is trying to make a clear distinction with his predecessor, much as Ronald Reagan did with Jimmy Carter, or George W. Bush with Clinton. Guantanamo or the war on terrorism figures in four of the so-called apologies -- and it is noteworthy during the 2000 campaign that Obama's GOP opponent, Sen. John McCain, also had said he would close the facility. Obama's comments express a disagreement over policy, not a distaste for the nation.
If one actually pays attention to what the president said as opposed to listening to the greatest propaganda experts since Goebbels, there is nothing close to an apology in any of his speeches.
Of course, he is Barack X, so there's no way that he can possibly be tougher than a Republican so...
Wednesday, July 25, 2012
A Severe Disconnect From Reality
This video below demonstrates how truly disconnected the right is from reality.
He's the "Obamamateur, Campaigner in Chief who hates America!"
They simply can't take yes for an answer so they have to invent a fictional person in place of the real one. Correct me if I'm wrong on this one but doesn't that break the 8th Commandment?
He's the "Obamamateur, Campaigner in Chief who hates America!"
They simply can't take yes for an answer so they have to invent a fictional person in place of the real one. Correct me if I'm wrong on this one but doesn't that break the 8th Commandment?
Thursday, July 19, 2012
Go Start A Business in Pakistan or Russia
"If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business. you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet. The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together" ---President Barack Obama 13 July 2012
The above quote from last Friday sent the right into a fit of adolescent hysterics. Cries of "Nanny State" were heard all over the right wing blogsphere as conservative pundits rebelled against "Dad" and screamed, "No fair! I can do whatever I want on my own!! I don't need anyone's help. ANYONE!!!" (stomp...stomp...stomp...door slams to teenager's room).
The president is correct, of course, and Sally Kohn's recent piece over at Fox News illustrates just how accurate the president is on the role of government in our lives.
My grandfather was a small business entrepreneur. He owned a clothing store in Penns Grove, New Jersey, and families came from across the southern part of the state to get slacks and blouses and jumpers for their kids. My grandfather employed two people who earned decent, middle class wages and made a good living for himself, probably upper middle class for that region. And good for him. He worked hard and earned it.
But there were things that helped my grandfather’s business that he didn’t have to pay for. The roads trucks drove on to bring him products to sell. The court system that incorporated his business and protected the patents of what he sold. The police force that made it safe for people to shop there. The public schools that taught his employees how to read and do math, so my grandfather didn’t have to teach them. Make no mistake about it — my grandfather succeeded because of his hard work and initiative. But government played a supporting role.
Yeah, that's exactly right. For all their talk of "nanny states," the right count on government support just as much as anyone else. Ridiculous as these adolescent ravings are, this is even worse.
Today, hedge fund managers and big business CEOs pay lower tax rates than middle class families. In fact, the tax rate for the very wealthy is the lowest it’s been in over 60 years.
That’s right: We’re not even debating whether the wealthy should pay more than middle class workers. President Obama wants the very rich to pay the same rate as the rest of us. Those who have succeeded in our country, in part with the help of our public infrastructure, should just bury their money in off-shore accounts and loopholes? That’s un-American. Those who do well in America should do well by America — and pay their fair share of taxes so others have the same opportunity to succeed.
Can we at least start with the same rate? Conservatives used to champion the flat tax but now any talk of "paying their fair share" results in howls of socialism and nanny state waste. Kohn's right. This whole conversation is completely ridiculous.
We succeed because of our individual initiative but also because of the public investments that help springboard that success. Don’t believe me? Then go start a business in Pakistan or Russia. American entrepreneurs succeed in part because they’re in America. And in America, we don’t get ours and then yank away the ladder of opportunity for the next generation.
We can slash Medicare and Social Security and public schools and college grants and all of the stepping stones that poor and middle class families have historically relied on to help climb the ladder of prosperity. Or millionaires and billionaires can pay the same tax rate as the middle class.
One of the greatest lies that has been perpetuated by the right (and sadly believe by far too many) is that we have to gut government to save the middle class from socialism. In truth, this lie is told to further protect the wealth of people that wouldn't have it without the support of the federal government.
Perhaps the federal government should stop giving them handouts if they are going to continue to bite the hand that feeds even them.
The above quote from last Friday sent the right into a fit of adolescent hysterics. Cries of "Nanny State" were heard all over the right wing blogsphere as conservative pundits rebelled against "Dad" and screamed, "No fair! I can do whatever I want on my own!! I don't need anyone's help. ANYONE!!!" (stomp...stomp...stomp...door slams to teenager's room).
The president is correct, of course, and Sally Kohn's recent piece over at Fox News illustrates just how accurate the president is on the role of government in our lives.
My grandfather was a small business entrepreneur. He owned a clothing store in Penns Grove, New Jersey, and families came from across the southern part of the state to get slacks and blouses and jumpers for their kids. My grandfather employed two people who earned decent, middle class wages and made a good living for himself, probably upper middle class for that region. And good for him. He worked hard and earned it.
But there were things that helped my grandfather’s business that he didn’t have to pay for. The roads trucks drove on to bring him products to sell. The court system that incorporated his business and protected the patents of what he sold. The police force that made it safe for people to shop there. The public schools that taught his employees how to read and do math, so my grandfather didn’t have to teach them. Make no mistake about it — my grandfather succeeded because of his hard work and initiative. But government played a supporting role.
Yeah, that's exactly right. For all their talk of "nanny states," the right count on government support just as much as anyone else. Ridiculous as these adolescent ravings are, this is even worse.
Today, hedge fund managers and big business CEOs pay lower tax rates than middle class families. In fact, the tax rate for the very wealthy is the lowest it’s been in over 60 years.
That’s right: We’re not even debating whether the wealthy should pay more than middle class workers. President Obama wants the very rich to pay the same rate as the rest of us. Those who have succeeded in our country, in part with the help of our public infrastructure, should just bury their money in off-shore accounts and loopholes? That’s un-American. Those who do well in America should do well by America — and pay their fair share of taxes so others have the same opportunity to succeed.
Can we at least start with the same rate? Conservatives used to champion the flat tax but now any talk of "paying their fair share" results in howls of socialism and nanny state waste. Kohn's right. This whole conversation is completely ridiculous.
We succeed because of our individual initiative but also because of the public investments that help springboard that success. Don’t believe me? Then go start a business in Pakistan or Russia. American entrepreneurs succeed in part because they’re in America. And in America, we don’t get ours and then yank away the ladder of opportunity for the next generation.
We can slash Medicare and Social Security and public schools and college grants and all of the stepping stones that poor and middle class families have historically relied on to help climb the ladder of prosperity. Or millionaires and billionaires can pay the same tax rate as the middle class.
One of the greatest lies that has been perpetuated by the right (and sadly believe by far too many) is that we have to gut government to save the middle class from socialism. In truth, this lie is told to further protect the wealth of people that wouldn't have it without the support of the federal government.
Perhaps the federal government should stop giving them handouts if they are going to continue to bite the hand that feeds even them.
Saturday, July 14, 2012
Another Myth Torpedoed
Conservatives in this country are under the impression that they can tap into their adolescent rage, make a statement, and then it's reality. Take, for example, the one that states that "the president is destroying free enterprise." This comes from a general notion that the president and his fellow Democrats are over-regulating business.
Yet a recent article in Politico says otherwise.
Even though that’s not official policy, the administration has been increasingly frugal in issuing regulations, according to a POLITICO review of government data and more than two dozen interviews with current and former administration officials, lawmakers in both parties, business leaders and liberal activists. The analysis of the federal rule-making database shows Obama as of Tuesday had issued 1,004 final regulations since arriving in office. That’s fewer than his two immediate predecessors, George W. Bush and Bill Clinton. This year, Obama is also on pace to put out the fewest “economically significant” regulations of any year in his presidency.
Oh really? How exactly does this happen?
Republicans “just assert stuff and the facts have never encumbered them. I think there’s a sense that Democrats are regulation-bound or regulation-minded and so the assertion sticks. I don’t think it’s any more complicated than that,” said Harold Ickes, who served as deputy chief of staff to Clinton and then counted delegates for Hillary Clinton when she ran against Obama.
No shit.
Well, there goes another myth torpedoed.
Yet a recent article in Politico says otherwise.
Even though that’s not official policy, the administration has been increasingly frugal in issuing regulations, according to a POLITICO review of government data and more than two dozen interviews with current and former administration officials, lawmakers in both parties, business leaders and liberal activists. The analysis of the federal rule-making database shows Obama as of Tuesday had issued 1,004 final regulations since arriving in office. That’s fewer than his two immediate predecessors, George W. Bush and Bill Clinton. This year, Obama is also on pace to put out the fewest “economically significant” regulations of any year in his presidency.
Oh really? How exactly does this happen?
Republicans “just assert stuff and the facts have never encumbered them. I think there’s a sense that Democrats are regulation-bound or regulation-minded and so the assertion sticks. I don’t think it’s any more complicated than that,” said Harold Ickes, who served as deputy chief of staff to Clinton and then counted delegates for Hillary Clinton when she ran against Obama.
No shit.
Well, there goes another myth torpedoed.
Sunday, July 01, 2012
Say Thanks
Remember a couple of months back when President Obama was secretly plotting to drive up gas prices in order to usher in an area of green and clean energy for all his Solyndra like buddies? (This, along with the same plot to walk guns into Mexico which would, in turn, lead to him being able to take guns away here at home.What a crafty Kenyan!)
Yeah, well, things didn't quite happen that way.
In case you never heard about it, in April the Obama administration asked Congress to spend $52 million to regulate this speculation. According to the Washington Post, this included the following steps:
• Increase by a factor of six Commodity Futures Trading Commission (CFTC) surveillance and enforcement staff “to better deter oil market manipulation."
• Boost 10-fold, to $10 million, the civil and criminal penalties against “firms that engage in market manipulation."
• Give the CFTC authority to increase the trader margins — the amount of their own capital that traders must set aside for each bet. The administration officials said such authority “could help limit disruptions in energy markets,” according to the Post.
So what’s happened since April? Oil ended the month at $106, and as of June 22, it had lost 21 percent of its value — sitting at $84. I guess I under-estimated the impact of the CME’s boost in margin requirements for oil speculators.
As I stated back when this flap started, the problem was never the president. The problem was the speculators. Why?
When regulators raise those requirements, oil speculation becomes less attractive to traders, and they place bets elsewhere. And when margin requirements drop, the traders pile into their oil speculations — confident that they can borrow enough to limit their downside while boosting their upside opportunity.
In February 2011, when commodities exchanges raised the amount of their own capital that speculators must set aside in order to trade — according to Bloomberg, the New York Mercantile Exchange (NYMEX) increased its margin requirements 20 percent to $6,075 per contract, and the International Exchange (ICE) increased its margin requirement 7 percent to $5,200 – the price of oil fell 10 percent within a few months.
And a year later, the commodities exchanges cut the amount of capital that speculators need to set aside before trading — the Chicago Mercantile Exchange (CME) cut by 9 percent to $6,885 the amount that Nymex crude speculators have to post to trade the so-called front-month contract, according to MarketWatch – leading prices to soar to $109 that month.
A fine example of how the government can sometimes improve market outcomes and increase market efficiency. These speculators weren't actually trading in oil and were distorting the market.
So, the next time you fill up at the pump. thank the president for implementing this plan. After all, he is saving you hundreds of dollars a year!
Yeah, well, things didn't quite happen that way.
In case you never heard about it, in April the Obama administration asked Congress to spend $52 million to regulate this speculation. According to the Washington Post, this included the following steps:
• Increase by a factor of six Commodity Futures Trading Commission (CFTC) surveillance and enforcement staff “to better deter oil market manipulation."
• Boost 10-fold, to $10 million, the civil and criminal penalties against “firms that engage in market manipulation."
• Give the CFTC authority to increase the trader margins — the amount of their own capital that traders must set aside for each bet. The administration officials said such authority “could help limit disruptions in energy markets,” according to the Post.
So what’s happened since April? Oil ended the month at $106, and as of June 22, it had lost 21 percent of its value — sitting at $84. I guess I under-estimated the impact of the CME’s boost in margin requirements for oil speculators.
As I stated back when this flap started, the problem was never the president. The problem was the speculators. Why?
When regulators raise those requirements, oil speculation becomes less attractive to traders, and they place bets elsewhere. And when margin requirements drop, the traders pile into their oil speculations — confident that they can borrow enough to limit their downside while boosting their upside opportunity.
In February 2011, when commodities exchanges raised the amount of their own capital that speculators must set aside in order to trade — according to Bloomberg, the New York Mercantile Exchange (NYMEX) increased its margin requirements 20 percent to $6,075 per contract, and the International Exchange (ICE) increased its margin requirement 7 percent to $5,200 – the price of oil fell 10 percent within a few months.
And a year later, the commodities exchanges cut the amount of capital that speculators need to set aside before trading — the Chicago Mercantile Exchange (CME) cut by 9 percent to $6,885 the amount that Nymex crude speculators have to post to trade the so-called front-month contract, according to MarketWatch – leading prices to soar to $109 that month.
A fine example of how the government can sometimes improve market outcomes and increase market efficiency. These speculators weren't actually trading in oil and were distorting the market.
So, the next time you fill up at the pump. thank the president for implementing this plan. After all, he is saving you hundreds of dollars a year!
Monday, June 25, 2012
A Sad Witness
I'm glad Nikto got up a post yesterday as I was too ripped to put anything up after my weekend in Wisconsin for my mom's retirement. Sadly, I was a witness to an old and dear friend (he's 84 years young) complete submission to the Cult.
It didn't take him long to bring up Barack X as he loves to talk politics.
"The biggest problem I have is that Barack Obama is a Muslim," he said with vehemence.
"No, he's not. He went to the same Christian church for over 20 years. Reverend Wright, remember?" I replied.
"Ah, bullshit. He wasn't even born here either. That birth certificate is fake."
I tried to convince him but the facts just bounced off.
And no, he's not an outlier.
It didn't take him long to bring up Barack X as he loves to talk politics.
"The biggest problem I have is that Barack Obama is a Muslim," he said with vehemence.
"No, he's not. He went to the same Christian church for over 20 years. Reverend Wright, remember?" I replied.
"Ah, bullshit. He wasn't even born here either. That birth certificate is fake."
I tried to convince him but the facts just bounced off.
And no, he's not an outlier.
Saturday, June 16, 2012
The Loud, Shouty Guy
Apparently, it's the new normal to yell out at Barack X when he is trying to speak. Take a look at this ass hat.
It took me all of a millisecond to realize that the loud, shouty guy was a right wing blogger. Sadly, it seems that this breed of human is breeding like gremlins these days. All it takes is an adolescent power fantasy and a perpetual belief that "Dad" is fucking up their shit.
Certainly, there is no shortage of that sentiment!
It took me all of a millisecond to realize that the loud, shouty guy was a right wing blogger. Sadly, it seems that this breed of human is breeding like gremlins these days. All it takes is an adolescent power fantasy and a perpetual belief that "Dad" is fucking up their shit.
Certainly, there is no shortage of that sentiment!
Monday, June 11, 2012
Government Created Wealth
A few weeks ago I had the pleasure of watching a documentary about the Grand Coulee Dam. It was part of PBS's American Experience series that I have enjoyed for many, many years. Here is the program in its entirety and I recommend watching the whole thing before you comment on the rest of this post.
My initial awe at what went into this project and the enormously positive outcome gave way to a profound sadness because a project like this could never happen today. Why? Because "the GOP has become an insurgent outlier in American politics. It is ideologically extreme; scornful of compromise; unmoved by conventional understanding of facts, evidence and science; and dismissive of the legitimacy of its political opposition.." (Thomas E. Mann and Norman J. Ornstein)
Before the dam's construction, the likely ancestors of the Tea Party behaved in a similar fashion as described by Mann and Ornstein, shouting all too familiar cries of dissent. Proponents of the dam were called "crackpots" and "Coulee Communists." Big private power interests fought fiercely against it. Collier's magazine downgraded Grand Coulee and, as the structure rose higher, it was labeled as "socialistic, impractical dam-foolishness." Even experts, engineers and geologists debated its usefulness. The president of the American Society of Civil Engineers branded Coulee as "a grandiose project of no more usefulness than the pyramids of Egypt." A Spokane paper sneered. "Baron Munchausen," it said, referring to the legendary liar, "thou wert a piker."
They were all wrong.
The Grand Coulee Dam, a taxpayer funded, government project, resulted in millions of dollars for the defense industry (60,000 planes and the creation of plutonium-239 were built using the power from the dam) and an explosion of agriculture in the state of Washington due to irrigation of a once arid, massive area of land in the Northwest. In fact, it provides irrigation to 2,000 farms in the area. The Grand Coulee Dam is one of the top produces in the country of hydro-electric power.Entire towns...economies...grew up around the building of the dam as thousands of people and a massive amount of materials were needed in its construction. The entire region was changed and became very prosperous as a result of the dam.
So, the Grand Coulee Dam is an example of how the government can create wealth. I realize this is sacrilege for the right wingers out there but the facts are the facts. So, why again can't we do something like this today?
Looking deeper than the reasons I listed above, one becomes even more confused. Economic conditions were worse back in the 1930s. Unemployment was higher. The private sector had been shown to be a collection of greedy buffoons who were, in essence, addicted to gambling and using the nation's (really, the world's) economic structure as collateral. People put their faith in government and it paid off. The same thing should be able to happen today, right?
No. Because the last 30 years have seen a systematic attack on the institution of government that is so egregious...so profoundly inaccurate...that I fear the national perception is forever changed. Even as little as two years ago, I have caught myself saying (in derision), "Well, this must be a government operation." It's become part of our zeitgeist to hate the government and yet we so desperately need its structure and organizational principles right now to get ourselves out of this sluggish funk. Combine this with near worship we have of the real Gordon Gekkos of our country and our federal government doesn't stand a chance.
Yet, it's terribly obvious that the private sector is not going to be able to improve our economy on its own. Their motivation is for profit. That's great when you are exclusively operating in the free market. As we have seen far too many times, the free market isn't a universal panacea for all things economical. This is especially true because the government...our government and the governments of the world...are partners in the economy. They have to be because governments can sometimes improve market outcomes. And the Grand Coulee Dam is an excellent example of exactly how this works.
President Obama has been trying to do this for the last 3 1/2 years and has been massively derided for it. He's a "big government liberal" who wants to blah blah blah...have any of the people who say this ever taken the time to see the results of a project like Grand Coulee?
In truth, we don't even have to do something as massive as the Grand Coulee Dam to get our economy moving again. We could simply start with a massive repair plan for our nation's highways and bridges. That would put people to work which would, in turn, generate revenue for the government and the private sector. In essence, I'm talking about the president's jobs plan.
Of course, the Republicans will never pass anything that could signal a success for the president in an election year. To put it simply, they, like the detractors of the Grand Coulee Dam, have a vested interest in the failure of such policies which essentially means they have a vested interest in the failure of our economy.
And, since the perception of our government is not what it was in 1933, they may very well succeed.
Watch Grand Coulee Dam on PBS. See more from American Experience.
My initial awe at what went into this project and the enormously positive outcome gave way to a profound sadness because a project like this could never happen today. Why? Because "the GOP has become an insurgent outlier in American politics. It is ideologically extreme; scornful of compromise; unmoved by conventional understanding of facts, evidence and science; and dismissive of the legitimacy of its political opposition.." (Thomas E. Mann and Norman J. Ornstein)
Before the dam's construction, the likely ancestors of the Tea Party behaved in a similar fashion as described by Mann and Ornstein, shouting all too familiar cries of dissent. Proponents of the dam were called "crackpots" and "Coulee Communists." Big private power interests fought fiercely against it. Collier's magazine downgraded Grand Coulee and, as the structure rose higher, it was labeled as "socialistic, impractical dam-foolishness." Even experts, engineers and geologists debated its usefulness. The president of the American Society of Civil Engineers branded Coulee as "a grandiose project of no more usefulness than the pyramids of Egypt." A Spokane paper sneered. "Baron Munchausen," it said, referring to the legendary liar, "thou wert a piker."
They were all wrong.
The Grand Coulee Dam, a taxpayer funded, government project, resulted in millions of dollars for the defense industry (60,000 planes and the creation of plutonium-239 were built using the power from the dam) and an explosion of agriculture in the state of Washington due to irrigation of a once arid, massive area of land in the Northwest. In fact, it provides irrigation to 2,000 farms in the area. The Grand Coulee Dam is one of the top produces in the country of hydro-electric power.Entire towns...economies...grew up around the building of the dam as thousands of people and a massive amount of materials were needed in its construction. The entire region was changed and became very prosperous as a result of the dam.
So, the Grand Coulee Dam is an example of how the government can create wealth. I realize this is sacrilege for the right wingers out there but the facts are the facts. So, why again can't we do something like this today?
Looking deeper than the reasons I listed above, one becomes even more confused. Economic conditions were worse back in the 1930s. Unemployment was higher. The private sector had been shown to be a collection of greedy buffoons who were, in essence, addicted to gambling and using the nation's (really, the world's) economic structure as collateral. People put their faith in government and it paid off. The same thing should be able to happen today, right?
No. Because the last 30 years have seen a systematic attack on the institution of government that is so egregious...so profoundly inaccurate...that I fear the national perception is forever changed. Even as little as two years ago, I have caught myself saying (in derision), "Well, this must be a government operation." It's become part of our zeitgeist to hate the government and yet we so desperately need its structure and organizational principles right now to get ourselves out of this sluggish funk. Combine this with near worship we have of the real Gordon Gekkos of our country and our federal government doesn't stand a chance.
Yet, it's terribly obvious that the private sector is not going to be able to improve our economy on its own. Their motivation is for profit. That's great when you are exclusively operating in the free market. As we have seen far too many times, the free market isn't a universal panacea for all things economical. This is especially true because the government...our government and the governments of the world...are partners in the economy. They have to be because governments can sometimes improve market outcomes. And the Grand Coulee Dam is an excellent example of exactly how this works.
President Obama has been trying to do this for the last 3 1/2 years and has been massively derided for it. He's a "big government liberal" who wants to blah blah blah...have any of the people who say this ever taken the time to see the results of a project like Grand Coulee?
In truth, we don't even have to do something as massive as the Grand Coulee Dam to get our economy moving again. We could simply start with a massive repair plan for our nation's highways and bridges. That would put people to work which would, in turn, generate revenue for the government and the private sector. In essence, I'm talking about the president's jobs plan.
Of course, the Republicans will never pass anything that could signal a success for the president in an election year. To put it simply, they, like the detractors of the Grand Coulee Dam, have a vested interest in the failure of such policies which essentially means they have a vested interest in the failure of our economy.
And, since the perception of our government is not what it was in 1933, they may very well succeed.
Tuesday, June 05, 2012
Not Coming From The White House
The editorial board of Bloomberg News put up a recent piece which perfectly summarized the answer to "Who's to blame" for our economy.
CEOs broadly point to overregulation as the biggest economic damper. But the raw numbers of new regulations don't support the uncertainty purveyors, either. The Office of Management and Budget says 931 major regulations -- those with enough economic significance to require OMB review -- were issued by the executive branch during the first three years of George W. Bush's first term, more than the 886 from Obama's first three years.
Right. So why wasn't this a problem during the Bush Administration? But let's get to the main answer.
Companies are also sitting on cash or refusing to hire because, paradoxically, unemployment is a drag on consumer demand, a problem they lay at the president's feet. It's important to note that historical data collected by economists Carmen Reinhart and Kenneth Rogoff show that it takes almost five years for employment to recover from the wreckage of a deep financial crisis.
Hiring is down because consumer demand remains low as households continue to deleverage. Employers are also using technology and other productivity enhancements to make do with fewer workers.
If there are fewer workers in an economy that is 70 percent consumer driven, then demand is going to suffer because there are less consumers. If the government does not stimulate demand, what entity does it?
The article also has a couple of other things to say of note.
Much of the problem is self-inflicted by Congress. Lawmakers are putting off until after November's elections a crush of expiring Bush-era tax cuts, the payroll tax reduction and dozens of other tax breaks and spending programs. If they expire, and if an approved $100 billion in spending cuts occur at the same time, economic growth would slow to 0.5 percent next year, the Congressional Budget Office says.
This is the elephant in the room that no one wants to tackle. Letting all the tax cuts expire and cutting spending would be a disaster for our economy and we would likely dip into another recession.
Those invoking the uncertainty principle fail to mention that inflation and interest rates are historically low. Federal Reserve Chairman Ben Bernanke has repeatedly pledged not to raise rates at least through late 2014 -- a gold-plated certainty guarantee if we ever saw one.
Yeah, where's the uncertainty again? And how about all those folks that keep saying that inflation is going to happen? Any day now...
So, the issue of uncertainty is not coming from the White House. It's coming from the private sector and, to a certain extent, Congress, for failing to move before the election. Of course, we all know what the goal of the House is so I guess I don't blame them:)
CEOs broadly point to overregulation as the biggest economic damper. But the raw numbers of new regulations don't support the uncertainty purveyors, either. The Office of Management and Budget says 931 major regulations -- those with enough economic significance to require OMB review -- were issued by the executive branch during the first three years of George W. Bush's first term, more than the 886 from Obama's first three years.
Right. So why wasn't this a problem during the Bush Administration? But let's get to the main answer.
Companies are also sitting on cash or refusing to hire because, paradoxically, unemployment is a drag on consumer demand, a problem they lay at the president's feet. It's important to note that historical data collected by economists Carmen Reinhart and Kenneth Rogoff show that it takes almost five years for employment to recover from the wreckage of a deep financial crisis.
Hiring is down because consumer demand remains low as households continue to deleverage. Employers are also using technology and other productivity enhancements to make do with fewer workers.
If there are fewer workers in an economy that is 70 percent consumer driven, then demand is going to suffer because there are less consumers. If the government does not stimulate demand, what entity does it?
The article also has a couple of other things to say of note.
Much of the problem is self-inflicted by Congress. Lawmakers are putting off until after November's elections a crush of expiring Bush-era tax cuts, the payroll tax reduction and dozens of other tax breaks and spending programs. If they expire, and if an approved $100 billion in spending cuts occur at the same time, economic growth would slow to 0.5 percent next year, the Congressional Budget Office says.
This is the elephant in the room that no one wants to tackle. Letting all the tax cuts expire and cutting spending would be a disaster for our economy and we would likely dip into another recession.
Those invoking the uncertainty principle fail to mention that inflation and interest rates are historically low. Federal Reserve Chairman Ben Bernanke has repeatedly pledged not to raise rates at least through late 2014 -- a gold-plated certainty guarantee if we ever saw one.
Yeah, where's the uncertainty again? And how about all those folks that keep saying that inflation is going to happen? Any day now...
So, the issue of uncertainty is not coming from the White House. It's coming from the private sector and, to a certain extent, Congress, for failing to move before the election. Of course, we all know what the goal of the House is so I guess I don't blame them:)
Tuesday, May 29, 2012
A Kinder, Gentler Cult
Take a look at this video below.
This is the first volley against Obama by American Crossroads, a Super PAC run by Karl Rove and some other like minded individuals. The ad is running in swing states like Florida and Ohio. It struck me as interesting for several reasons.
First of all, where's all the Barack X stuff? Well, apparently it's gone because it doesn't play very well.
Middle-of-the-road voters who said they thought the country was on the wrong track were unmoved when they heard arguments that the president lacks integrity. And they did not buy assertions that he is a rabid partisan with a radical liberal agenda that is wrecking America.
Well, that's because it's not true and doesn't exist in reality. The fact is that even though many people don't agree with the president's policies and/or feel disappointed, they still like him personally. If he is attacked in a manner that was recently floated by some high level conservatives, you can say buh bye to the independents and swing voters. This would be why Mitt Romney always inserts that line "The president is a nice guy but..." into most of his stock answers to questions. He, like McCain before him, knows about the dark side to American populism.
Another thing that struck me was where was the husband? The ad obviously intimates that this is a single woman as she complains about her life and struggles in the job market. VERY interesting considering this is from a conservative group. Have they seen the writing on the wall and know they can't win without the women's vote? This, along with the leaving behind of the Barack X garbage, is a sign of progress. Even though I realize that there are millions of Americans who need to have Barack X to get out of bed and identify themselves every day, themes like this give me hope. Sorry, fuckos, I guess you can't win by calling the president a Kenyan socialist who constantly apologizes for America, spent more than anyone ever in the history of forever, raised taxes, is destroying free enterprise, and is making us weaker.
Yet neither of these points can hold a candle to the two more subtle messages contained therein....two messages that hilariously expose the metaphorical slip, if you will, of the right's dress. Remember all that talk about how if people are having financial problems, it's THEIR fault and blaming others for their own shortcomings is sacrilege? Well, I guess that's gone now because none of this woman's problems are her fault. The fact that she is low on cash and has adult children living at home is the fault of the government.
Wow.
Truly, one of the most titanic examples of hypocrisy I have seen in awhile. And, uncharacteristically, a complete capitulation.
Diving deeper, we can clearly see the Michael Jordan Generation on full display. The reason she has two adult kids living at home is because she has done a poor job in raising her children. Like many in her generation, she has babied her kids to the point where the can't function outside of her home. And without a two parent home it was likely made worse. But that's all the fault of the liberals and their social agenda, right?
No, it's not. This is how our culture is right now and it's truly awful. It's not because of the government or the education system (whose job it is most certainly not to parent or nanny) or the unions made up of people who make 50K a year or less. It's the fault of all of us because we have allowed our culture to be mostly socialized by the corporate owned media who tell us that the definition of success is a guy like Michael Jordan.
And not the winner of the science fair. Or the mathlete. Or the Model UN winners. Or the...well, I think you get the idea.
This is the first volley against Obama by American Crossroads, a Super PAC run by Karl Rove and some other like minded individuals. The ad is running in swing states like Florida and Ohio. It struck me as interesting for several reasons.
First of all, where's all the Barack X stuff? Well, apparently it's gone because it doesn't play very well.
Middle-of-the-road voters who said they thought the country was on the wrong track were unmoved when they heard arguments that the president lacks integrity. And they did not buy assertions that he is a rabid partisan with a radical liberal agenda that is wrecking America.
Well, that's because it's not true and doesn't exist in reality. The fact is that even though many people don't agree with the president's policies and/or feel disappointed, they still like him personally. If he is attacked in a manner that was recently floated by some high level conservatives, you can say buh bye to the independents and swing voters. This would be why Mitt Romney always inserts that line "The president is a nice guy but..." into most of his stock answers to questions. He, like McCain before him, knows about the dark side to American populism.
Another thing that struck me was where was the husband? The ad obviously intimates that this is a single woman as she complains about her life and struggles in the job market. VERY interesting considering this is from a conservative group. Have they seen the writing on the wall and know they can't win without the women's vote? This, along with the leaving behind of the Barack X garbage, is a sign of progress. Even though I realize that there are millions of Americans who need to have Barack X to get out of bed and identify themselves every day, themes like this give me hope. Sorry, fuckos, I guess you can't win by calling the president a Kenyan socialist who constantly apologizes for America, spent more than anyone ever in the history of forever, raised taxes, is destroying free enterprise, and is making us weaker.
Yet neither of these points can hold a candle to the two more subtle messages contained therein....two messages that hilariously expose the metaphorical slip, if you will, of the right's dress. Remember all that talk about how if people are having financial problems, it's THEIR fault and blaming others for their own shortcomings is sacrilege? Well, I guess that's gone now because none of this woman's problems are her fault. The fact that she is low on cash and has adult children living at home is the fault of the government.
Wow.
Truly, one of the most titanic examples of hypocrisy I have seen in awhile. And, uncharacteristically, a complete capitulation.
Diving deeper, we can clearly see the Michael Jordan Generation on full display. The reason she has two adult kids living at home is because she has done a poor job in raising her children. Like many in her generation, she has babied her kids to the point where the can't function outside of her home. And without a two parent home it was likely made worse. But that's all the fault of the liberals and their social agenda, right?
No, it's not. This is how our culture is right now and it's truly awful. It's not because of the government or the education system (whose job it is most certainly not to parent or nanny) or the unions made up of people who make 50K a year or less. It's the fault of all of us because we have allowed our culture to be mostly socialized by the corporate owned media who tell us that the definition of success is a guy like Michael Jordan.
And not the winner of the science fair. Or the mathlete. Or the Model UN winners. Or the...well, I think you get the idea.
Wednesday, May 23, 2012
The Obama Vetting Obsession
I had been working on a post about the vetting obsession that seems to be going on these days with President Obama but then I read this. Paul Waldman seems to have stolen my thunder. Oh well. It's everything I wanted to say and more.
So on the right, the desperate search for the appropriate "vetting" material continues. For instance, the late Andrew Breitbart's constellation of web properties continues in its founder's spirit, breathlessly promoting one "revelation" about Obama's pre-political life after another. Obama was friendly with a Harvard Law School professor with strong views on race! In 1991, Obama's literary agency mistakenly said in a promotional brochure that he was born in Kenya! There is so much to be learned that breitbart.com has created a whole series entitled "The Vetting."
Sadly, this is all true. I don't get it.The president has been pretty forthcoming about his past both in his books and interviews. There have been thousands of stories about folks like Jeremiah Wright, Bill Ayers and the president's college years and birth certificate. Why?
The mistake that so many conservatives make is in believing that in some (or all) of these details of his life lies the key to Obama's undoing. If only we can find the radical mentor, the girlfriend holding on to a decades-old secret, or the revealing document, then Obama will be unmasked, his true horrifying self revealed at last for all to see. Then the scales will fall from the voters' eyes and they'll boot him from the office he never deserved to occupy in the first place.
This is so incredibly odd. The latest polls show the race is pretty tight in the swing states and the election is 5 months off. People are unhappy about unemployment and uncertain about the economy. Certainly, they can win on that, right? Are they that insecure about Mitt Romney?
In my view, they don't want to beat him that way. They have to personally destroy him because that is what the right has become today. They did the same thing with Bill Clinton (now, of course, they love him in typical juvenile emotional fashion and will likely be the same way with President Obama someday) and many other Democrats. Funny, the same thing is done to me in comments on a regular basis:)
I guess they don't know any other way.
So on the right, the desperate search for the appropriate "vetting" material continues. For instance, the late Andrew Breitbart's constellation of web properties continues in its founder's spirit, breathlessly promoting one "revelation" about Obama's pre-political life after another. Obama was friendly with a Harvard Law School professor with strong views on race! In 1991, Obama's literary agency mistakenly said in a promotional brochure that he was born in Kenya! There is so much to be learned that breitbart.com has created a whole series entitled "The Vetting."
Sadly, this is all true. I don't get it.The president has been pretty forthcoming about his past both in his books and interviews. There have been thousands of stories about folks like Jeremiah Wright, Bill Ayers and the president's college years and birth certificate. Why?
The mistake that so many conservatives make is in believing that in some (or all) of these details of his life lies the key to Obama's undoing. If only we can find the radical mentor, the girlfriend holding on to a decades-old secret, or the revealing document, then Obama will be unmasked, his true horrifying self revealed at last for all to see. Then the scales will fall from the voters' eyes and they'll boot him from the office he never deserved to occupy in the first place.
This is so incredibly odd. The latest polls show the race is pretty tight in the swing states and the election is 5 months off. People are unhappy about unemployment and uncertain about the economy. Certainly, they can win on that, right? Are they that insecure about Mitt Romney?
In my view, they don't want to beat him that way. They have to personally destroy him because that is what the right has become today. They did the same thing with Bill Clinton (now, of course, they love him in typical juvenile emotional fashion and will likely be the same way with President Obama someday) and many other Democrats. Funny, the same thing is done to me in comments on a regular basis:)
I guess they don't know any other way.
Saturday, May 05, 2012
Between A Rock And A Rock
Mitt Romney is in a tough spot. In order to get the base excited about turning out to vote for him, he has to be super angry, paranoid, and hateful in his criticism of Barack Obama. After all, that's what they want to hear. Buuuttttttt......
Doing that would turn off independents who he very desperately needs in order to beat the president. In fact, he has several prominent Republicans saying he needs to go positive and I think there is some truth to that. I think this election is going to be about who paints the most positive vision of the direction this country needs to take. So far, it's the president and he has the accomplishments to back it up. There is no doubt to the rational thinker that we are headed in the right direction.
So, Mitt's stuck between a rock and a rock. What should he do?
While you are mulling over you answer, check out this video below...
Doing that would turn off independents who he very desperately needs in order to beat the president. In fact, he has several prominent Republicans saying he needs to go positive and I think there is some truth to that. I think this election is going to be about who paints the most positive vision of the direction this country needs to take. So far, it's the president and he has the accomplishments to back it up. There is no doubt to the rational thinker that we are headed in the right direction.
So, Mitt's stuck between a rock and a rock. What should he do?
While you are mulling over you answer, check out this video below...
Wednesday, May 02, 2012
Where's That Fail Again?
Dow Jones average hits highest mark since '07
The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years. Manufacturing expanded last month at the strongest pace since June, according to the Institute for Supply Management. Orders, hiring and production all rose. A measure of manufacturing employment also reached a nine-month high, a hopeful sign ahead of Friday's monthly jobs report.
I'm still having trouble still seeing how the president is destroying the economy and wanting America to fail. Can anyone help me out?
The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years. Manufacturing expanded last month at the strongest pace since June, according to the Institute for Supply Management. Orders, hiring and production all rose. A measure of manufacturing employment also reached a nine-month high, a hopeful sign ahead of Friday's monthly jobs report.
I'm still having trouble still seeing how the president is destroying the economy and wanting America to fail. Can anyone help me out?
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