Obama, Hillary and the Stock Market
Conventional wisdom seems to say (if you watch CNBC and Larry Kudlow) that Wall Street prefers Miss Hillary to Obama as the Democratic nominee. That's scary to think that financial professionals prefer an avowed socialist/Marxist to another lesser-known socialist.
Especially when he has Paul Volcker as an economic advisor; and has everyone forgot the socialized health-care fiasco (also known as Hillarycare) she tried to foist on our economy back in 1993?
I guess people prefer the devil they know to the one they don't.
On the Republican side, John McCain is no picnic either. He's the co-architect of McCain-Feingold Incumbent Protection - er, I mean, Campaign Reform Act. In my opinion, this automatically disqualifies him for higher office.
Talked with a friend of mine in Illinois who's not a political junkie, and even he can see that there's no real difference or choice between Obama, Hillary and McCain.
Like John Loeffler says, it's Socialist Party (R) vs. Socialist Party (D).
It's amazing that the President and Congressmen from both parties in Congress (with the exception of Ron Paul) don't seem to have a clue about what's going on with the skyrocketing prices of food and energy. The lack of understanding, vision and leadership with regards to energy, the sub-prime mortgage fiasco and resulting credit crunch is amazing.
On one hand, left-leaning folks in Congress admit that we need more domestically produced oil and gas to reduce our dependence on imported Middle Eastern oil; but we can't drill in the Alaska National Wildlife Refuge (ANWR), because that would be too harmful to the environment and leave a bigger 'carbon footprint' on the earth.
What a bunch of BS - the only "footprint" should be on the backside of these idiots, kicking them out of Congress for such utter stupidity.
The Republicans don't get off easy, either. A lot of them believe we should "stay the course," "finish the job," and "win the war in Iraq." Never mind that after five years, Americans still haven't been told exactly what the job, mission or goal(s) are in Iraq.
And the US military is the largest American consumer of oil and gas. Why the hell are we still over there in this Forever War, when all Americans are getting squeezed every time they fill up their gas tanks and buy groceries?
I know that Republicans in Congress tell us over and over that because those darn Democrats are in control of Congress, that's why foreclosures, oil and gas prices have gone up and we aren't as well off economically. Well.... not exactly.
The Federal Reserve is the biggest culprit behind higher prices. This excess printing of money to pump up the economy, the stock market and bail out investment bankers is the biggest cause of higher prices. It's more money chasing the same number of goods.
Now didn't you so-called 'conservative Republicans' have six years control over Congress, and you basically fiddled while these problems were burning? Didn't you let these mortgage monkeys commit fraud, by lending to anyone could fog up a mirror... and sell these bogus loans to Fannie Mae, Freddie Mac, and Wall Street firms?
I could go on much longer, but I'll cut this rant short. The bottom line is that there's no real choice for President between McCain, Hillary and Obama. The lesser of two evils is still evil. No good is still no good.
I don't know what the solution to this political problem is. Probably a downturn in the economy that's sharp and painful enough to re-inject common sense into enough Americans. Wish I could see a better answer, but that's how I see it.
Especially when he has Paul Volcker as an economic advisor; and has everyone forgot the socialized health-care fiasco (also known as Hillarycare) she tried to foist on our economy back in 1993?
I guess people prefer the devil they know to the one they don't.
On the Republican side, John McCain is no picnic either. He's the co-architect of McCain-Feingold Incumbent Protection - er, I mean, Campaign Reform Act. In my opinion, this automatically disqualifies him for higher office.
Talked with a friend of mine in Illinois who's not a political junkie, and even he can see that there's no real difference or choice between Obama, Hillary and McCain.
Like John Loeffler says, it's Socialist Party (R) vs. Socialist Party (D).
It's amazing that the President and Congressmen from both parties in Congress (with the exception of Ron Paul) don't seem to have a clue about what's going on with the skyrocketing prices of food and energy. The lack of understanding, vision and leadership with regards to energy, the sub-prime mortgage fiasco and resulting credit crunch is amazing.
On one hand, left-leaning folks in Congress admit that we need more domestically produced oil and gas to reduce our dependence on imported Middle Eastern oil; but we can't drill in the Alaska National Wildlife Refuge (ANWR), because that would be too harmful to the environment and leave a bigger 'carbon footprint' on the earth.
What a bunch of BS - the only "footprint" should be on the backside of these idiots, kicking them out of Congress for such utter stupidity.
The Republicans don't get off easy, either. A lot of them believe we should "stay the course," "finish the job," and "win the war in Iraq." Never mind that after five years, Americans still haven't been told exactly what the job, mission or goal(s) are in Iraq.
And the US military is the largest American consumer of oil and gas. Why the hell are we still over there in this Forever War, when all Americans are getting squeezed every time they fill up their gas tanks and buy groceries?
I know that Republicans in Congress tell us over and over that because those darn Democrats are in control of Congress, that's why foreclosures, oil and gas prices have gone up and we aren't as well off economically. Well.... not exactly.
The Federal Reserve is the biggest culprit behind higher prices. This excess printing of money to pump up the economy, the stock market and bail out investment bankers is the biggest cause of higher prices. It's more money chasing the same number of goods.
Now didn't you so-called 'conservative Republicans' have six years control over Congress, and you basically fiddled while these problems were burning? Didn't you let these mortgage monkeys commit fraud, by lending to anyone could fog up a mirror... and sell these bogus loans to Fannie Mae, Freddie Mac, and Wall Street firms?
I could go on much longer, but I'll cut this rant short. The bottom line is that there's no real choice for President between McCain, Hillary and Obama. The lesser of two evils is still evil. No good is still no good.
I don't know what the solution to this political problem is. Probably a downturn in the economy that's sharp and painful enough to re-inject common sense into enough Americans. Wish I could see a better answer, but that's how I see it.
posted by Brian Ochsner | 9:56 PM
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