Sunday, November 20, 2011

10 Reasons President Obama Could Get Re-elected

Attention conservative brethren.  I know there are a number of conservatives who don't want any compromise in the Super Committee, assuming that President Obama has no chance of being re-elected.  I think there are two flaws in that hypothesis.  First if nothing is done, another $1 trillion is added to the deficit.  Second, I think he has a better chance of winning than conservatives are facing.:

1. The economy has added 250,000 jobs in the last 60 days. At that rate 2 million jobs will be added by the election. Still not great, but a nice move in the right direction.


2. He prosecuted the war in Iraq as vigorously as Bush, surprising conservatives.

3. Ditto Afghanistan where he approved a further troop surge. Yes, there can be some whining about how long it took him to decide, but not close to the criticism Lincoln took over many issues in the Civil War, and history treats him kindly.

4. He's been even more aggressive in using Predators than President Bush.

5. Some voters probably want to keep their young adult children (who can't find a job, or work part-time, or work for an employer that doesn't provide health benefits) on their health plan and will vote to preserve Obama care.

6. He is an accomplished debater and thinks fast on his feet.

7. He got Anwar al Awlaki, the U.S.- born Al Queda leader.

8. He has the bully pulpit.

9. The troops are coming home from Iraq.

10. He got Bin Laden
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Saturday, November 12, 2011

Dear Texas Senators

Dear Senators Cornyn and Hutchinson:
Have you noticed what is going on in Europe recently? Particularly with Greece and Italy?

Does it make you think that maybe you should be cutting some spending? You know, real cuts, not reductions in the growth rate of spending. Cuts where total spending is lower than the prior year by a couple of hundred billion.

Just asking.

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Dear Senator

Dear Senator:

Have you noticed what is going on in Europe today? Particularly with Greece and Italy?

Does it make you think that maybe you should be cutting some spending? You know, real cuts, not reductions in the growth rate of spending. Cuts where total spending is lower than the prior year by a couple of hundred billion.

Just asking.

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Thursday, November 10, 2011

RIck Perry's Brain Freeze

Rick Perry's mental lapse has lead the news. Videos of the CNBC debate showing his inability to recall all the agencies he would close have led news broadcasts across the country. He has my sympathy; more than once I've had a brain freeze as I tried to remember the perfect word or phrase, or, worst of all, someone's name when I saw them.


However, the question of eliminating Cabinet-level departments or agencies is actually a serious and important one. When the country was founded, there was the Secretary of State, the Secretary of War, the Secretary of the Treasury, and the Attorney General. That was it. Four individuals reporting to the President. It metastasized into its current form in the twentieth century. While populist thinking would eliminate both the Department of Education and the Department of Energy (both excellent ideas if we are really going to try to repay $15 trillion in debt), I'm now questioning the Department of Housing and Urban Welfare.

One thing we can say about the current economy is that we have plenty of houses. Millions of houses for sale and millions more in foreclosure. If you work for the Department of Housing and Urban Development aka "HUD", what do you do every day? One would hope that they don't show up every day and try to get someone to build more houses.

Sounds like a good place to start if we are going to cut some spending to try to avoid the fate of Greece and Italy.

Thursday, November 03, 2011

Bull move?

Over the last few months, the NASDAQ market has made a push towards heavy resistance at $59 - 60 on the $QQQ.  At each point, resistance has held and the market has fallen back.  However, momentum seems to be building again with the QQQ's closing at $58.10.
From there it seems to me that there is some weaker resistance at $62-63.  A penetration through and there is little resistance for a long way.  I'm holding my QQQ position.