"Barack Obama is the smartest President"?

Have you heard it before? We have all heard how “dumb” George Bush is/was. I think it is about time to reveal that there is a big difference between book-smart and street-smart; Obama being the former and in no way the latter. The media being much of the former as well, has little to no respect for the latter. I guess, for the sake of honesty, I would be the reverse. I respect more what people have done and how the interact with people then I do what their grades were and where they went to school.

Obama can’t find the door.
1. Might have seen this one. Yes that is a window. Dear Sir, Please note that there are no hinges or a handle. I am sure you have seen this one (again and again). But note it has handles and hinges and is simply locked. Even when it is covered, Bush must be mentioned and bashed. Mr. Obama simply “hasn’t gotten acquainted” with his surroundings. That was not an excuse for Mr. Bush who was in CHINA. The Bush gaff was often labelled “Bush has no Exit Strategy”; including by the network news (see below). Is also became a top ten list on Letterman.

In the opening tease at 7:00am, co-host Charlie Gibson announced over video of Bush trying to open the locked doors: “No way out. President Bush tries the wrong door on his trip to Asia and has fun for the cameras. But the big question now: Does he have an exit strategy for Iraq?”

Not the same “oops, ha ha” coverage Obama got is it?

Gifts for our UK “friends”.
2. Anyone can make a silly honest mistake…but it take a special person to insult a respected ally. Have you heard about the gift exchange between President Obama and Gordon Brown (UK Prime Minister)? Probably not. This article covered it but missed one of the gifts given to our President; The framed commission from the ship that was used to make his desk. How thoughtful and personal. And from the US 25 pack of DVDs. I hope they were not Region 1 (US) encoded. I am sure their were personalized by making sure they were Region 2. Like school on the weekend… no class.

Obama the stock advisor.
3. The confidence his policies give the stock market has been pretty obvious. Maybe one of those books he reads should have include the definition of P/E Ratio (Price to Earnings). Of course, his definition may explain a lot of his policies. I am so glad we have someone so smart now running our economy. No sense in leaving it in the hands of those Bankers and Finance folks. By the way Price to Earnings only matters when there are Earnings! Otherwise, it is called speculation .. a practice that helped us all so much in the Internet boom.

More brilliance to come, I am sure.

2,239.11

Obama has stated that he wants to undo much of the “era of Reagan” and he is on the way. He is tightening the noose on capaitalism taken over more industies and adding restrictions and higher taxes to others. Those with means and money in the market are reacting.

It will not be long before the market reaches the levels it was at when Regan left office. The close on January, 19th 1989; the last full day of the Reagan presidancy; was 2,239.11. At this time and not before, do I believe Obama will be complete. He will then try to remake ths country in his image.

Remember the number, buy the bumper stickers.

Obama Recession hits -20%.

Yeah, I said it. This current downturn since November (even earlier) is now on Obama. As the economy rolled quickly down the hill, Obama had the option in each debate, his stump speeches, his acceptance speech and to any microphone since to stop the bleeding. He has not. All he would need state is that any economy in turmoil cannot afford higher taxes. Especially on capital gains. What is ironic is that raising the capital gains rate will have little impact by the time it is passed anyway. Anyone with gains to take is getting out of the market and no one is getting back in. The economy is shrinking, companies are fighting to stay above water and they are laying people off.

Obama threatened to raise taxes, threatened investors with a near doubling of the capital gains rate, threatened companies with more oversight, more taxes and more unions. He backed down on none of it and now he is elected.

Many thought the market had already taken its lumps, found a new low and prepared for this before November 4th. I thought it had to and I put some back in. What many missed, including me was the senate fight for 60. Some were talking about it but it did not seem likely. But as the election approached it became possible. Then on November 5th three elections were undecided and three seats was all that was needed…and down the market went.

Since that time those elections sat undecided. One concluded this week and the Democrats are now two away. One is so close and in a Democrat controlled state, so that is likely to change hands… leaving us with one…Georgia… and down goes the market.

The fears Obama put in every business owner, every investor, and any tax payer that was really listening look even clearer now then they did before the election. The ability to implement each and every program [deficit be damned], raise taxes, limit corporations, empower unions…kill growth, drive up unemployment, capital the US economy for years to come… these are now all possible… and the markets sink.

I believe in irony and I believe if the Dems hit 60 the Dow hits 6000 (a < 50% decline from its highs).

This is what we get when burocrats get involved in the stock market

On Behalf of toyman:

You might find this interesting. Harry Reid opens his mouth and starts a reaction prior to the Senate vote.

“We don’t have a lot of leeway on time. One of the individuals in the caucus today talked about a major insurance company. A major insurance company — one with a name that everyone knows that’s on the verge of going bankrupt. That’s what this is all about,”

Dumba**. I like the way he put it “one with a name that everyone knows” . . . like that would soften the impact. Instead it necessitates a number of insurance companies to make statements to the contrary.

http://money.cnn.com/2008/10/02/news/companies/insurance_stocks/?postversion=2008100214

Isn’t about time he retire?