Problem Very Easily Solved
Shoot one down. Or at least shoot and miss...but shoot.
Manny Mota...Mota...Mota (OK, not a helpful title...this blog is mostly about Economics, the Markets, Politics...and during the football season also about the New York Giants)
“One of the constants that I’ve had to deal with over the last few years is folks on Wall Street complaining, even as the stock market went from in the 6,000s to 16,000 or 17,000,” he said, referring to the rise in the Dow Jones Industrial Average during his administration.I can't update my analysis on this just now, but let me reiterate my basic thesis about Obama and the stock market: 1) what, in general, has been bad for Barack Obama has been good for the stock market; and, 2) the stock market expected 3 very bad things to come of the Obama era, and when it became apparent that only one would materialize, it rose on the reduction of fear rather than on a wave of optimism. My key posts outlining this are here and here and here. And here is the gist:
...despite re-election, Barack Obama's popularity has gone consistently down and his power has consistently ebbed since the day he took office. Even at the supposed height of his influence, he had to scrape, scrounge and have Harry Reid pull a few sneaky tricks to get his signature legislation through. Beyond that his accomplishments have been nearly nil, and, in my view, the stock market loves it.The market had big legs up in response, or in absorbing the reality even before the fact, to major Obama defeats, the 2010 midterm elections and the 2014 loss of the Senate. In general, however, the Obama tenure has been one of slowly eroding power and influence and the market has melted up. It picked up on his ineffectuality long ago. For the last year or so, it has been discounting what a post-Obama world might look like.
It has been an exceptionally painful year for Venezuelans, suffering from violent crime, chronic shortages, plummeting oil prices on which they depend, declining health and fractured government. Yet this past week it seemed to reach a new low. A kind of resigned misery spread across a city that had once been the envy of Latin America.
A sudden combination of natural disasters joined man-made failures. The smog, called calima, is a meteorological phenomenon that involves ash and dust clouds fairly common for this time of year. Meanwhile a prolonged drought blamed on El Nino and related forest fires has arrived. Levels at the Guri dam in the south, which produces 40 percent of the country’s electricity, are reaching record lows.Bad year? Venezuela has been headed down the toilet for years and years as Chavez and now Maduro have destroyed the economy with their aggressive state-directed, oil-funded socialism.
As far as is known, the attacks were planned by the headquarters of the Islamic State (ISIS) in Raqqa, Syria, which it has pronounced as the capital of its Islamic caliphate.So, someone tell me why the hell have we not Daisy Cutterred Raqqa into a smoldering pile of sand???
- The post-Obama American citizenry will be massively more armed than pre-Obama;
- A post-Obama America will have a healthcare system far deeper in disarray;
- A post-Obama America will less respected around the world, (considered weak by its enemies and unreliable by its friends);
- A post-Obama America will be more bitterly divided and contentious;
- A post-Obama America will have substantially more income inequality than pre-Obama AmericaThat's just for starters. What is more terrifying to contemplate for lefties is that America may have less, call it, constitutional solidity by which to restrict the depredations of a conservative (or even just a non-progressive) POTUS. What would a President Trump seek to do that he would not have considered were it not for a Constitution-flouting Obama??
WASHINGTON — An Islamic State detainee currently in American custody at a temporary detention facility in Erbil, Iraq, is a specialist in chemical weapons whom American military officials are questioning about the militant Sunni group’s plans to use the banned substances in Iraq and Syria, Defense officials said.
The detainee was identified by defense officials as Sleiman Daoud al-Afari, a chemical and biological weapons expert who once worked for Saddam Hussein’s Military Industrialization Authority.
I repeat, "Holy crap!" Special forces, temporary interrogation centers on foreign ally soil, no mention of Geneva Convention rights?!??!?!?!?! Damn that George W. CheneyBushHitler. POTUS gone rogue, I tell ya'! Get me Code Pink on the horn! Call the anti-war movement!Defense officials said that Mr. al-Afari, described by the military as a “significant” Islamic State operative who was captured a month ago by commandos in an elite American Special Operations force, has, under interrogation, provided his captors with details about how the group had weaponized mustard gas into powdered form and loaded it into artillery shells.
A study from the nonpartisan Tax Policy Center found that Clinton's plan would generate $1 trillion in additional revenue for the government over the first decade and an additional $2 trillion over the next 20 years.That is the exact same as saying the plan would raise $100 billion per year for 30 years. But "trillions" sounds better in terms of soaking the rich. $100 billion isn't big at all. In fact, the government runs a structural $400-500 billion deficit even after heroic efforts by the GOP congress to rein in Obama's typical $1 trillion deficits. So what HRC is proposing is pretty silly, especially when you consider that revenue coming in far in the future. Discount that revenue by historically typical interest rates and the net present value is half of that. Add in that everything that the government would spend that money on will be more expensive due to inflation, and these numbers are REALLY underwhelming.
Chavez ruined the country but was at least able to paper over the destruction with his charisma. Maduro won't be able to do the same. This could the beginning of the end for Chavismo.but never wrong...
President Maduro’s socialist government apparently has no strategy to deal with the impending catastrophe. It shapes up as one of the most appalling economic and fiscal collapses in world history.and, as a bonus to those who have long understood that Venezuela followed a well-known path to its own destruction, we give you a classic maneuver of the state in economic death throes ...
Millions of pounds of provisions, stuffed into three-dozen 747 cargo planes, arrived here from countries around the world in recent months to service Venezuela's crippled economy.
But instead of food and medicine, the planes carried another resource that often runs scarce here: bills of Venezuela's currency, the bolivar.
The shipments were part of the import of at least five billion bank notes that President Nicolá s Maduro's administration authorized over the latter half of 2015 as the government boosts the supply of the country's increasingly worthless currency, according to seven people familiar with the deals.
Chicago Mayor Rahm Emanuel traveled to New York to meet with credit-rating companies after the city’s school district was hit by a third downgrade in a span of 15 days and didn’t complete a $875 million bond sale last week as its finances deteriorate.
The visit Monday came after the Chicago Board of Education postponed the securities offering on Jan. 27, saying some investors asked for more time to review it. Two days later, Moody’s Investors Service cut the board’s rating deeper into junk, citing its “increasingly precarious liquidity position and acute need for market access to support ongoing operations.” Fitch Ratings and Standard & Poor’s also downgraded CPS last month.Hey wouldn't it be funny if Wall Street told hard-core lefties like Emanuel and the Chicago Teachers' Union to pound sand...if only in a "teachable moment" where we all learn (or should learn) the symbiotic relationship society has between those that invest resources and those that seek to employ those resources????
WHY ARE DEMOCRAT-RUN JURISDICTIONS SUCH HELLHOLES OF FINANCIAL INSOLVENCY?Simple. They don't care. They don't care that they owe money, they really don't even consider it other people's money, and if they did - which they don't, they think it is theirs - they believe it ought to be redistributed anyway.
As his administration prepares an executive order tightening access to guns, President Barack Obama met Wednesday with former New York City Mayor Michael Bloomberg, a proponent of new gun laws who has become the chief enemy of the National Rifle Association.When lefties go after the guns, America buys more guns. It's a pattern that you would think the deep thinkers on the left would understand.
There are terrorists in our midst and they arrived here using legal means right under the noses of the federal law enforcement agencies whose mission is to stop them. That is not due to malfeasance or lack of effort on the part of these officers; it is due to the restrictions placed on them by the Obama administration.At the risk of appearing "unhinged", I still think (and I am 65% confident that I will be proven right in time) that the flood of illegal, untraceable credit card donations to the Obama campaign that contributed to the unprecedented sums he raised (and that the Obama campaign failed to vet and welcomed fervently)...was tied to Islamist interests abroad.