Entries Tagged as 'politics'

Crazy Joe Didn’t Say

OK, all my liberal, fact-checking friends, Crazy Joe Didn’t Say “…when the Germans bombed Pearl Harbor.”

 Crazy Joe Didn’t Say

Joe Biden was speaking with Katie Couric when he was speaking about the role of the White House in a financial crisis.

“When the stock market crashed, Franklin Roosevelt got on the television and didn’t just talk about the princes of greed,” Biden told Couric. “He said, ‘Look, here’s what happened.'”

As Reason’s Jesse Walker footnotes it: “And if you owned an experimental TV set in 1929, you would have seen him. And you would have said to yourself, ‘Who is that guy? What happened to President Hoover?'”

The Christian Science Monitor after that comment asked if Joe Biden was the John Beluschi of politics, that’s right, the Vice President of the United States.

With Democrats on the verge of a possibly deflating vote, Mr. Biden played the role of defiant cheerleader this weekend. He sat down with CNN’s Gloria Borger and said he’s not buying all those forecasts that show the GOP making big gains.

“I don’t agree with the odds makers,” said Biden. “I predict we’re going to, we’re going to keep the Senate.”

OK, so Joe was not as worked up as John Belushi in his famous “Animal House” speech. (“Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? [Expletive] no!”)

The two things got conflated and Crazy Joe (John Beluschi) said the Germans bombed Pearl Harbor?

But let’s not forget, he did say:

”If we do everything right, if we do it with absolute certainty, there’s still a 30% chance we’re going to get it wrong.”

”A man I’m proud to call my friend. A man who will be the next President of the United States — Barack America!”

”I promise you, the president has a big stick. I promise you.”

—Joe Biden, citing Theodore Roosevelt’s famous quote, ”Speak softly and carry a big stick; you will go far.” (April 26, 2012)

”Stand up, Chuck, let ’em see ya.”

—Joe Biden, to Missouri state Sen. Chuck Graham, who is in a wheelchair, Columbia, Missouri, Sept. 12, 2008

”You cannot go to a 7-11 or a Dunkin’ Donuts unless you have a slight Indian accent…. I’m not joking.”

—Joe Biden, in a private remark to an Indian-American man caught on C-SPAN, June, 2006

Why do we believe that Crazy Joe Biden said that about Germany bombing Pearl Harbor? Because he isn’t the sharpest tool in the tool box. In fact, he’s right up there with Shirley Jackson Lee who said in 1997, while on a trip to the Mars Pathfinder operations center in California, Jackson Lee asked if the Pathfinder had succeeded in taking a picture of the flag planted on Mars by Neil Armstrong in 1969.

Mr Brexit Speaks

Nigel_Farage


Unusual Meeting Today

USD 4-11-16

 

Quite the day so far. Janet Yellen calls a special meeting, the President and Joe Biden will have unusual meeting today, Gold is up fifteen dollars and the dollar is at the bottom of its range. What will happen next?

The Difference Between a Good Analyst and a Great Analyst

I came across this piece from Quandl and it got me thinking about about politics and experts and analysts. Quandl is a data site that offers information on thousands of stocks, with historical data going back decades and futures data to help you forecast trends. They created this graphic to help novice analysts get ahead in the industry.
the Difference Between a Good and a Great Analyst

I love to talk politics. My dad and I conversed and analysed and argued about the Vietnam War and every other thing that was worth discussing. Sometimes they were heated. College was a disappointment. I thought there were would be more conversations in depth much like the ones between dad and me. Sadly, that only occurred in the classroom … infrequently. In my adult life, once in a while there is a conversation I look back on with fondness. Those conversations  with new friends or in depth conversations over a fine dinner. Today, it is hard to have conversations when each participant is holding on to biases and attaching their ego to those opinions.

I want to have conversations with great analysts.

When I was a broker, I made the most money for my clients when I could analyse the facts, and draw conclusions from those facts that were outside the norm. If you saw The Big Short you saw great analysts reach conclusions that were farseeing. The consequences of their conclusions were far reaching.made them huge piles of money.

It is one thing to develop a story about the future of Germany or Cuba if you are a citizen, another thing altogether to draw the conclusion that being Jewish in Germany is existential; it is another thing to be Cuban and realize that the door to Spain is the only escape and it will close soon.

To stand in a place and observe that a country that spends more than it takes in and builds up debt to the point that they can barely pay the interest is a good analyst. To be a great analyst it takes courage to conclude that this cannot stand and it’s time to leave.

Great analysts tell stories that are believable and motivate others to take action. Strive to become a great analyst.

ALL WARS ARE BANKERS’ WARS!


Carly Fiorina In Her Own Words

Mover Mike Hit 2,000,000

After an incredible June, Mover Mike hit 2,000,000 page views. I have been blogging since 2004 and it is nice to see that more people are finding this blog. Sometimes, I have considered quitting, thinking why bother, no one reads me. However, conservative fiscally, Libertarian socially, this blog joins many others who don’t like the path the U.S. is on.

No longer can we discuss things rationally and heatedly.  Now it seems the play book says to ignore the message, savage the messenger. We are seeing that currently with Trump and we read that Hillary hasn’t answered the press questions in two weeks. AND…more and more people are considering leaving the country.

Mexico”sends” their unemployed to the U.S.. How long will 93,000,000 unemployed and under employed wait to move south? How long will the drought stricken  in the south west wait to move? What happens when the U.S. becomes like Greece and can’t feed the 43,000,000 on EBT?

Stay tuned, dear reader. I hope to cover it and provide some answers. Thanks for reading Mover Mike

Interest Rate Hike

Fed holds off on interest rate hike, downgrades economic forecast, Says the LA Times

“The economy still isn’t strong enough to handle it.

“Fed officials sharply downgraded their economic forecast for this year. They projected the economy would grow between 1.8% and 2% this year, well below the range of 2.3% to 2.7% in its last forecast in March.

“If they’re correct, annual growth would be the worst since 2011 and would be far from the breakout performance some economists had hoped for this year.”

The economy is stagnating, the middle class hasn’t seen any wage increases adjusted for inflation for at least 10 years. He is priced out of the housing market, over loaded with debt, lives paycheck to paycheck, and doesn’t have the extra money to get the economy moving. I think the people in charge ought to be fired for incompetence; 92 million people out of work or looking for work; almost 50 million people on EBT.

HILLARY’S MULLIGAN

Jack Kelly nails it at To The Point News

“I’ll restore faith in the country we all love,” Hillary Clinton pledged at a fund-raiser in Manhattan June 1.

To find out which country that is, we’ll have to check the list of donors to the Clinton Foundation, tweeted actor and former GOP Sen. Fred Thompson.

The Clinton campaign was awful eight years ago. Ready for Hillary 2016 hasn’t been an improvement. Things have gone so poorly since Ms. Clinton announced her candidacy April 12 she plans to take a mulligan.

Hillary will relaunch her campaign with a rally on Roosevelt Island this Saturday (6/13). By choosing that day without consulting the locals, Team Clinton forced cancellation of a long scheduled event for children, which generated bad press and irritated community leaders.

Better staff work can minimize such bungles. But not much can be done about the candidate. The more Hillary campaigned 8 years ago, the less people liked her. This year Ms. Clinton has spoken only to pre-screened audiences, said nothing of substance, refused to answer questions from journalists.

She’s dodged questions about scandals, but acting like a queen on the way to her coronation reinforces impressions she’s arrogant and out of touch. And even her toadies in the news media are irritated by her refusal to answer their questions. Hence the mulligan.

The Clintons deflected scandals in the past by stonewalling until the news media declared them “old news.” But this time, the “old news” keeps being refreshed by new, ever more seamy revelations.

Despite them, Hillary leads all GOP candidates — but probably not for much longer. She has narrow leadschiefly because voters don’t know enough yet about the Republicans to form an opinion about them.

It takes a lot — and a long time — to make much of an impression on a dumbed-down lo-of electorate heavily influenced by news media spin. But eventually, the drip drip drip of scandal permeates public consciousness.

“Eventually” may be now. More had an unfavorable than a favorable opinion of Ms. Clinton in CNN and ABC News polls last week. Responses to two questions CNN asked were devastating: Does Hillary care about people like you? (52 percent said no). Is she honest and trustworthy? (57 percent said no.)

Ms. Clinton can’t compensate for doubts about her character by stressing her experience, because her record as secretary of state is dreadful. She can’t talk much about issues either, because swing voters don’t like most of the policies she’s embraced.

Nor can Hillary count on enthusiastic support from the “progressives” she lurched left to court, because many suspect her views shift whenever her palm is crossed with enough silver.

To win, Ms. Clinton must attract the casual voters who turned out for Barack Obama, but not for John Kerry or Al Gore. So she must be alarmed by the response to the fund-raiser mentioned above.

What was to have been a $2,700 a plate lunch for 125 women only was thrown open to men because so few women bought tickets. Still, only 90 tickets were sold.

Aging Socialist Bernie Sanders drew more than 3 times that in tiny Kensett, Iowa (pop. 266) a few days earlier. (There was no charge for his event.)

The drip drip drip of scandal figures to go on for months, but isn’t likely to be enough for a longshot to upset Hillary in the primaries. But by yapping at her heels, they’ll reinforce doubts about her character.

Barring a killer revelation, Democrats will nominate for president a poor campaigner most voters don’t like or trust, with unpopular stances on hot button issues, who can’t talk about her record.

Hillary’s prospects won’t improve when millions get socked with huge Obamacare premium hikes next year. If the economy stalls out, or there’s a big terror attack here, election night 2016 could be the worst for Democrats in nearly 100 years.

Which is why it’s mostly Democrats who hope a smoking gun turns up soon. Republicans are content with drip drip drip.

Jack Kelly is a former Marine and Green Beret, and was the Deputy Assistant Secretary of the Air Force during the Reagan Administration.  He is the national security writer for the Pittsburgh Post-Gazette.

The Next Recession Has Already Begun

The Next Recession Has Already Begun

The following is an excerpt from a recent issue of Private Wealth Advisory.

The official data is out and it shows that GDP collapsed 0.7% in the first quarter of 2015.

The financial world is shocked by this because:

1)   The drop occurred despite the Government massaging the heck out of the data to make it look better.

2)   The world has bought into the idea that the Fed can remove any and all recessions by printing money.

Regarding #1, the Government recently added a bunch of bogus measures to GDP such as intellectual property. How exactly you can accurately measure the value of intellectual property is beyond me. But then again, much of what the Government does in the name of “the better good” is beyond me as well.

Despite adding this and a slew of other accounting gimmicks, the economy collapsed 0.7% in the first quarter. This is shocking only to those who believe that official GDP is an accurate measure of economic growth.

Our readers have been well aware for some time that the GDP number is largely an accounting fiction meant to overstate growth. Indeed, if you strip out the various gimmicks employed by the BLS, you find that the year over year growth for GDP has been at levels usually associated with recessions for years.

Recessionary levels are circled in the chart below.

NOM GPD.png

Small wonder the “recovery” has felt so weak… the economy has been moving at pace usually associated with a contraction!

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