Thursday, March 12, 2009

Janus? Is that you?

President Barack Obama signed a law that explicitly bans federal funding of any “research in which a human embryo or embryos are destroyed, discarded, or knowingly subjected to risk of injury or death” only two days after he lifted President Bush’s executive order banning federal funding of stem cell research that requires the killing of new human embryos.

Goodness--words mean nothing with him. To adapt an O'Reilly-ism: is he the bloviator-in-chief?

He's got to be kidding.

"Things two years ago were not as good as we thought because there were a lot of underlying weaknesses in the economy. They're not as bad as we think they are now."

After spending two months telling us how dire things are, now he wants us to believe it's just hunky-dory, just like that? This demonstrates one of two things, or both: (a) he thinks the public are fools; (b) he has no clue what he's talking about. Take your pick.

By the way, the stock market, after moving further south in response to a series of words from the President and the Treasury Dude, has moved north for three days. Why? Bernanke spoke. It's apparently no harder than that.

One more thing: Mr. Geithner DOES look like the palest guy at the dude ranch--the one who needs a seat belt for his saddle.

Monday, March 09, 2009

So, where's the money going?

Two investment principles that people are following with their money right now:
  1. Put the money where it's safe--minimize risk;
  2. Put the money where the government has little or no access to it--taxes WILL rise.

So, it's no wonder the markets continue to slalom. Folks are stuffing their mattresses.

Of course, the nasty side of that will come when inflation hits. Then, the mattress-stuffers will be caught between the proverbial rock and the hard place unless they've stumbled into assets that appreciate pretty dynamically. But now, and as long as the current president and congress have sway, apparently no risk is a good risk.

Friday, March 06, 2009

My, what thin skins!

This White House crew, including their boss, have the thinnest skins in memory, and lack the shame to hide that fact in public. Like the old coach said to his excessively-celebrating athlete following a score: "Act like you've been there before."

See here: Gibbs takes gloves off to challenge reporters, hosts who cross Obama.

And of course, the ever-even-handed Mrs. Pelosi just loves freedom of political speech, as well: Speaker Pelosi Backs Senate Amendment to Regulate Talk Radio.