Obama can’t find the door.
1. Might have seen this one. Yes that is a window. Dear Sir, Please note that there are no hinges or a handle. I am sure you have seen this one (again and again). But note it has handles and hinges and is simply locked. Even when it is covered, Bush must be mentioned and bashed. Mr. Obama simply “hasn’t gotten acquainted” with his surroundings. That was not an excuse for Mr. Bush who was in CHINA. The Bush gaff was often labelled “Bush has no Exit Strategy”; including by the network news (see below). Is also became a top ten list on Letterman.

In the opening tease at 7:00am, co-host Charlie Gibson announced over video of Bush trying to open the locked doors: “No way out. President Bush tries the wrong door on his trip to Asia and has fun for the cameras. But the big question now: Does he have an exit strategy for Iraq?”

Not the same “oops, ha ha” coverage Obama got is it?

Gifts for our UK “friends”.
2. Anyone can make a silly honest mistake…but it take a special person to insult a respected ally. Have you heard about the gift exchange between President Obama and Gordon Brown (UK Prime Minister)? Probably not. This article covered it but missed one of the gifts given to our President; The framed commission from the ship that was used to make his desk. How thoughtful and personal. And from the US 25 pack of DVDs. I hope they were not Region 1 (US) encoded. I am sure their were personalized by making sure they were Region 2. Like school on the weekend… no class.

Obama the stock advisor.
3. The confidence his policies give the stock market has been pretty obvious. Maybe one of those books he reads should have include the definition of P/E Ratio (Price to Earnings). Of course, his definition may explain a lot of his policies. I am so glad we have someone so smart now running our economy. No sense in leaving it in the hands of those Bankers and Finance folks. By the way Price to Earnings only matters when there are Earnings! Otherwise, it is called speculation .. a practice that helped us all so much in the Internet boom.

More brilliance to come, I am sure.

Obama threatened to raise taxes, threatened investors with a near doubling of the capital gains rate, threatened companies with more oversight, more taxes and more unions. He backed down on none of it and now he is elected.

Many thought the market had already taken its lumps, found a new low and prepared for this before November 4th. I thought it had to and I put some back in. What many missed, including me was the senate fight for 60. Some were talking about it but it did not seem likely. But as the election approached it became possible. Then on November 5th three elections were undecided and three seats was all that was needed…and down the market went.

Since that time those elections sat undecided. One concluded this week and the Democrats are now two away. One is so close and in a Democrat controlled state, so that is likely to change hands… leaving us with one…Georgia… and down goes the market.

The fears Obama put in every business owner, every investor, and any tax payer that was really listening look even clearer now then they did before the election. The ability to implement each and every program [deficit be damned], raise taxes, limit corporations, empower unions…kill growth, drive up unemployment, capital the US economy for years to come… these are now all possible… and the markets sink.

I believe in irony and I believe if the Dems hit 60 the Dow hits 6000 (a < 50% decline from its highs).