tag:blogger.com,1999:blog-6616959642391988608.post1517424251534472979..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: Obama's loss is the economy's gainScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-6616959642391988608.post-54247864058473186112010-09-08T23:56:27.804-07:002010-09-08T23:56:27.804-07:00Joe: It's important to remember that only Cong...Joe: It's important to remember that only Congress can spend money; presidents cannot. Bush can be faulted for not vetoing congressional spending, but Clinton benefited from having a Republican-controlled Congress that was somewhat frugal.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-57668318269086850422010-09-08T15:00:43.332-07:002010-09-08T15:00:43.332-07:00Pub,
There doubtless is a huge need for such educ...Pub,<br /><br />There doubtless is a huge need for such education. I agree.Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27352401161313184142010-09-08T13:13:01.324-07:002010-09-08T13:13:01.324-07:00Not that I don't think the left-wingers are a ...Not that I don't think the left-wingers are a complete disaster all their own!<br /><br />Just so I am bipartisan here!Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49240327972920715752010-09-08T12:45:26.188-07:002010-09-08T12:45:26.188-07:00I think a big part of what Scott and right-wingers...I think a big part of what Scott and right-wingers miss is the need to educate people to save and invest, especially at the lower-end of the income scale.<br /><br />If we do not educate from the bottom-up, we will eventually create a rift large enough to divide the country into haves and have-nots.<br /><br />We are well on our way to this right-wing utopia. No tea necessary for this gathering.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63383463769663001782010-09-07T22:51:50.021-07:002010-09-07T22:51:50.021-07:00Scott, for the record I enjoy your blog very much,...Scott, for the record I enjoy your blog very much, and its economic content is highly informative. <br /><br />Although this is your blog, and within your right to take it in any political direction you wish; I disagree wholeheartedly with the caustic and miss informed rhetoric coming from the right wing you so clearly support and embrace. <br /><br />The biggest fraud perpetrated on Americans isJoehttps://www.blogger.com/profile/13731824628453511354noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-18365430184377304592010-09-07T15:51:43.048-07:002010-09-07T15:51:43.048-07:00What's not to like about airline dereg? It'...What's not to like about airline dereg? It's a race to the bottom, that's what. Do you know what pilots get paid these days? Do you know what the pilots on that flight that crashed in Buffalo were making? Sixteen grand. And no sleep. <br /><br />http://www.nj.com/news/index.ssf/2010/02/pilots_in_continental_plane_cr.html<br /><br />By the way, "confederacy of feckless poltroons.&Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-46165657356007505752010-09-07T14:54:54.015-07:002010-09-07T14:54:54.015-07:00John-
What is not to like about airline dereg?
...John-<br /><br />What is not to like about airline dereg? <br /><br />Cheap flights have been a boon!Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-72163379910028944552010-09-07T13:26:08.953-07:002010-09-07T13:26:08.953-07:00On March 14, 2008, then Sen. Obama voted in favor ...On March 14, 2008, then Sen. Obama voted in favor of the 2009 budget which authorized $3.1 trillion in federal outlays along with a projected $400 billion deficit. The 51-44 vote that morning was strongly along party lines with only two Republicans saying "Yes."<br /><br />When the final conference report was presented to the House on June 5, not one Republican voted for it.<br /><br />Keeing it realhttps://www.blogger.com/profile/12717310653622512020noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-21367373668355904372010-09-07T11:51:04.044-07:002010-09-07T11:51:04.044-07:00Congratulations Dad!! Even though your stuff is ve...Congratulations Dad!! Even though your stuff is very technical sometimes (and you know i appreciate the political rather than the economic stuff), I still read it every single morning. I'd like to think it's helping me to acquire a greater understanding of the capital markets. <br /><br />Here's to continued success for CBP!! <br />love you.Unknownhttps://www.blogger.com/profile/16384234061897870032noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-72638539903947342352010-09-07T11:45:52.971-07:002010-09-07T11:45:52.971-07:00John-
As a strict constructionist of the US Const...John-<br /><br />As a strict constructionist of the US Constitution, I note we must de-fund the Air Force. Funding for a Navy and Army were provided for, but not an Air Force.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-5232023988734617712010-09-07T11:43:42.092-07:002010-09-07T11:43:42.092-07:00Don-
I voted for Reagan, thought he was a breath ...Don-<br /><br />I voted for Reagan, thought he was a breath of fresh air from Carter. But, man oh man, it has been nothing but deficits and war from Reagan to Bush to Bush jr. <br /><br />I keep hearing there is a "new" Republican Party.<br /><br />Seriously Eisenhower and even Nixon make the "new" R-Party look like a confederacy of feckless poltroons. <br /><br />People Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-82637064439834168242010-09-07T11:16:28.330-07:002010-09-07T11:16:28.330-07:00Bro,
Ordinarily I agree with your point regarding ...Bro,<br />Ordinarily I agree with your point regarding the investment merits of political outcomes in the US. However,this administration has put a new dimension into the investment equation, political risk. This fundamental risk factor has been one primarily used by those,myself included, who have been investing for many years in emerging or frontier markets. It is my belief that the term "Don Halldinhttps://www.blogger.com/profile/15378500522884917656noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83416435445951241532010-09-07T06:12:05.970-07:002010-09-07T06:12:05.970-07:00Well folks, good luck with that theory. US compan...Well folks, good luck with that theory. US companies profitability seems to be driven by non-GAAP accounting. Case and point HP! <br /><br />Big difference between 1984 and 2010, the economy is in very poor shape. Personally, I think that basing your investment decision on which party is in power is sub-optimal, but we each have a different way of investing.<br /><br />One thing for certain Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11513995815869225702010-09-06T21:19:30.032-07:002010-09-06T21:19:30.032-07:00Take a look at that EMRATIO graph. Notice the robu...Take a look at that EMRATIO graph. Notice the robust job growth in the late 1970s. Also, fiscal hawks should make a saint out of Carter. The Debt to GDP ratio was lowest during his term.<br /><br />One of my favorite graphs:<br />http://zfacts.com/p/318.html<br /><br />Reagan-Bush gave us national credit card prosperity!<br /><br />Also, I'll take Carter's Egypt-Isreal deal over W's Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71731264964461447012010-09-06T20:57:28.936-07:002010-09-06T20:57:28.936-07:00I hope the American people remember this time what...I hope the American people remember this time what a liberal democrat is capable of. I guess Jimmy Carter wasn't enough. Clinton was successful with the surplus he left. With a Republican congress helping. <br /><br />With Obama wasting his first year in office on healthcare and ignoring the jobless. The stimulus is a failure. We have businesses dropping like flies. It may turn into a David Letohttps://www.blogger.com/profile/17812482108962723457noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71352486118615621852010-09-06T20:45:06.110-07:002010-09-06T20:45:06.110-07:00"Obama has left absolutely no doubt about wha..."Obama has left absolutely no doubt about what the Democratic Party stands for—bigger, more intrusive government—and the Tea Party's main objective is to reverse that."<br /><br />You sure about that? The President's proposals to revise NCLB would return more power to the states. <br /><br />Aren't we losing government jobs and creating private sector jobs?<br /><br />Would Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30170134134229409732010-09-06T17:59:37.097-07:002010-09-06T17:59:37.097-07:00John,
If the House of Reps switches majorities an...John,<br /><br />If the House of Reps switches majorities and the repubs get within 3 seats of parity in the senate I believe the market will have a nice yearend rally to perhaps 1200 on the S&P 500. <br /><br />Shorting the market on a republican resurgence I believe would be....unwise. <br /><br />JMCOJohnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19691876330733244522010-09-06T17:42:32.610-07:002010-09-06T17:42:32.610-07:00Great data as usual Scott. As I deal with our loca...Great data as usual Scott. As I deal with our local water company not responding to and loosing certified letters, I extrapolate the micro to the macro government level. Obamacare, tax policies, intrusive regulations, weak foreign policy are harming our country. Americans now understand these destructive policies and are going to throw out the democrats in November.ronraschhttps://www.blogger.com/profile/14708698068353771219noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17815094290179552172010-09-06T15:19:36.427-07:002010-09-06T15:19:36.427-07:00DJI on 1/20/2008: 7,949.09
DJI on 9/03/2010: 10,44...DJI on 1/20/2008: 7,949.09<br />DJI on 9/03/2010: 10,447.93<br />Change in value: +31%<br />Annual rate of change: +20%<br /><br />If the Republicans have a big win in November, should we go short?Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79627845134466616612010-09-06T15:00:51.606-07:002010-09-06T15:00:51.606-07:00John,
And Jimmy Carter's.
We will see.John,<br /><br />And Jimmy Carter's. <br /><br />We will see.Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-37018409390112050242010-09-06T14:58:38.673-07:002010-09-06T14:58:38.673-07:00Yes, Obama's approval ratings are a disaster, ...Yes, Obama's approval ratings are a disaster, only slightly better than Reagan's at the same point in his administration.Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-25298627301692170512010-09-06T14:33:32.694-07:002010-09-06T14:33:32.694-07:00Bro,
I agree with you. Too many investors IMO pla...Bro,<br /><br />I agree with you. Too many investors IMO place too much emphasis on politics. However economic policy is a factor in how optimistic (or lately, pessimistic) investors are. This past summer has not been a good one for equity investors I believe largely because the economy has responded so tepidly to the current government's spending and the success of bearish investors in Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-29325651095213783332010-09-06T14:02:27.621-07:002010-09-06T14:02:27.621-07:00Scott:
I did a little research on the NYT archive...Scott:<br /><br />I did a little research on the NYT archives. <br /><br />By HEDRICK SMITH, Special to the New York Times (The New York Times); Financial Desk<br />December 13, 1984, Thursday<br />Late City Final Edition, Section A, Page 1, Column 5, 1503 words<br />[ DISPLAYING ABSTRACT ]<br />Treasury Secretary Donald T. Regan charged today that Paul A. Volcker's ''remarkably tightBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-28763768089461685892010-09-06T14:01:57.296-07:002010-09-06T14:01:57.296-07:00This seems like 1994 again. Hopefully the Republic...This seems like 1994 again. Hopefully the Republicans take control of both houses and put the federal government into a type of stalemate. This would provide the stability the larger economy needs to have long term confidence.<br /><br />If this stalemate occurs, which I would bet on, Obama will win a second term. The Keynesians will feel vindicated and promote the recovered economy as proof. Butskydudehttps://www.blogger.com/profile/13539912908412758893noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-80161545628697297242010-09-06T13:48:55.201-07:002010-09-06T13:48:55.201-07:00I have never been a fan of basing
my investing on ...I have never been a fan of basing<br />my investing on politics....I made<br />money under Reagan and Clinton....<br />I once had a trader say he would<br />not buy Canadian companies because<br />Canada was socialist. Politics are very important but don't base your<br />investing on who is in office...<br />there plenty of other indicators<br />to tell you whether you should be<br />long orbroderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.com