Posted on 03/14/2012 10:19:38 PM PDT by Steelfish
March 14, 2012 The Magician In a re-election year, the U.S. president is making the world and all its troubles . . . vanish. By DANIEL HENNINGER
Don't get too distracted by the Republicans' road-tour version of the 2012 presidential election as it hits theaters in the likes of Mississippi, Alabama, Hawaii and Illinois. The best show in town still plays daily at 1600 Pennsylvania Avenue. If maestro Barack Obama wins re-election this fall, we will have watched one of the greatest magic acts in American history.
The new Obama magic show debuted in the State of the Union speech. Standing before Congress, Mr. Obama brought forth "An Economy Built to Last." Not the real one we have now, but the one he's going to conjure after he's re-elected.
The way this works is the president breaks economic history into two parts. In his right hand are the awful policy mistakes someone else made before January 2009. In his left hand is the economy he'll bring to life after November. In between is nothing. You think you're looking at the Obama years from 2009 to 2012—8% unemployment, low growth, low investment—when whoa, it's gone! Never happened.
The best was yet to come. The president of the United States is making the world itself and all its troubles . . . vanish.
Iraq, Afghanistan, Iran, Syria, Pakistan, North Korea—one by one, Mr. Obama and his lovely assistants have methodically taken them all off the table. If he can make the world's problems seem to go away until he gets re-elected, it will constitute his presidency's greatest illusion.
Iraq went away in October, when Mr. Obama announced that all U.S. troops would be out of there by year's end. Not most of them; all of them. ...
(Excerpt) Read more at online.wsj.com ...
Quite frankly, I believe the recent stock market rally has a lot to do with the perception that 0bama is not going to win re-election. I know that sentiment swings wildly and I go pessimistic and optimistic on this point a lot. (as does the market) There is hopey and changey of recovery in the air. But in many ways I feel like it is somewhat welded to the increasing likelihood of an 0bama defeat. Only time will tell if that foreshadowing turns into a reality. But I think that from a week ago, when it looked like Rush was going to be tossed off the air and the Dems had locked in every single female vote in the country, to these polls showing an 0bama slumpola, the market is liking this. Maybe it’s even forecasting a 1982-2000 era of massively rising stock prices. I myself am skeptical of this outcome, but I believe the market is thinking/voting with its dollars.
We’re all fluked now!
Except for Fluke, million-dollar donor Bill Maher would have been at this dinner.
How in the world does Obama stand in front of America and defend his destruction in a debate with anyone?
After this snow-job of a president the democrats need to be put out of power in the house, the senate AND the presidency permanently.
Even the whole Fluke issue blue up in the Rats face. These dopes don’t have any magic left. They just have a damaged country with a failed record of remedies. The Regime is done and everyone but the MSM and the WH really know it yet.
Well, my broker did claim a month ago that an Obama victory was priced into the market. If people who had cash in their portfolios for that reason stopped believing that Obama would win, they very well might drive up stock prices with buy orders.And if they believed that the Republicans would provide some mechanism for repatriating overseas profits without tax penalty - e.g., that overseas profits paid out in dividends to stockholders would be allowed to be expensed by the corporation and taxed only to the stockholder - that would motivate people to buy Apple in particular. Because AAPL is sitting on a huge trove of cash earned selling iPhones and iPads overseas. AAPL has been going up for 3 months, but has been really jumping for the past few days (I am long AAPL . . .).
I’m afraid he will pull it off. The Republicans won’t fight him to win.
Oh’ that's easy...you see Obama is “smart”almost a demigod, we are dumb...and the American people have the memory of Goldfish
Bush drove us into a deep ditch and those obsturctist republicans in the Senate are stopping me from fixing things...
Congrats on being long AAPL! I have some friends who have made retirement money plus on that one. In the last month! (and then some)
I see the landscape somewhat differently than what you briefly laid out.
Repatriation of foreign profits could be something...but I think “people” do not especially drive stock prices. “People” are IMO in general OUT of the market, terrified. Perhaps justifiably so. Activity is largely institutional, and I believe it has been that way for quite a while.
I just think there has been a little uptick in biz activity, positivity, but more importantly the brightening of the light at the end of the 0bama tunnel is occurring.
It is the general concept of getting this delusional idiot and his power hungry minions out of power and what the resulting effect could be on business, in general. One week ago, as I said, it was all over with this contraceptive stupidity.
That doesn’t exclude the repatriation effect you referred to, arguably, it includes it.
I believe Ulsterman, or at least his premise of being this perennial “insider” is a fraud. A very clever one, but a fraud nonetheless. I believe this was revealed the last go-round, several months ago. (can’t recall the topic matter)
Fun reading, and it very cleverly plays into a sort of confusion in our heads as to how this flaming idiot could have been elected in the first place and what gyrations he may or may not be going through in his efforts to exert and retain power. But I seriously think it is an artifice.
Yes, but the repatriation effect would be stronger on AAPL than on most; few corporations have the sort of cash hoard that Apple does, and not all companies are as global as Apple either. So Apple could theoretically stumble a bit in its income, certainly could have weak growth for a quarter, and still be worth every penny of its price - if that money suddenly became available tax free, to Apple at least, for paying dividends.
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