Hot Links will not be seen today so that I may make the following Act of Contrition (my other daily linkfest is live at WSJ here)…
This week I committed a handful of violations against the 10 Commandments of the Financial Web. Although we all learned these rules when they were brought down on stone tablets from the Yahoo Message Board mountaintop in the late 1990’s, sometimes they fade a bit from memory.
And so it was completely innocently and absentmindedly that I violated the Sixth Commandment and for this I am truly sorry.
My apology below…
The 6th Commandment of the Financial Web: Thou Shalt Not Say Anything Neutral About Barack Obama
My commentary about Steve Wynn’s anti-Obama rant on Yahoo Finance earned me several threats and a whole lotta comment section enmity from folks I’m guessing tend to mix up their political views with their investment portfolios. While I can’t help everyone, I suppose the least I can do is clarify what I had tried to get across:
1. Steve Wynn is a brilliant businessman who has built billions in shareholder wealth and employs thousands of people.
2. Steve Wynn let loose with a data-free tirade that, although I thought was kind of cool, wasn’t exactly long on empirical detail.
3. The reality is that Obama could ride a tricycle down the Vegas Strip with his hair on fire charging Red Stater’s a hundred grand each to light it and he still couldn’t fix the jobs or housing situation with the proceeds. Because he doesn’t have a way to make people cheaper than technology and the demand just hasn’t arrived yet as we work off historic credit bubble excesses and economy-sapping debt.
4. And for the edification of the Yahoo Intelligentsia who lie in wait for anyone to express an opinion contrary to their own, I am actually a registered Republican and was living and working in Manhattan the day of the 9/11 attack and in its aftermath. I brought food to the firefighters, attended the services of those who died, stepped over the debris each day, traipsed through “targeted” landmarks like Grand Central Terminal and Times Square and existed beneath that black carcinogenic cloud for a month – literally breathing the devastation while you yelled at your TV sets. I voted for Bush twice and then McCain. Even though both turned out to have been clueless about the economy. There are several commentators on that board who are convinced that Daily Ticker is a tool of the administration and that I myself have been paid by the Democrats to say the economy isn’t Obama’s fault. To them I ask, How is the weather on the planet you live on these days?
5. As for Obama being a “wet blanket” on business, we agree and I think he’s an awful leader. Where we disagree is on whether or not he can really do anything about long-term mean reversion trends and the post-credit bubble economics that Reinhardt and Rogoff predicted with such alacrity. It is what it is, but if it makes you feel better to have Obama to blame, be my guest. Just know that he was clerking for a Senator somewhere when your ideological heroes were busy repealing Glass Steagall and literally chainsawing the rule books that protected us from bankers for 70 years. George W. Bush was billed as “the most business-friendly President in History.” How’d that work out for you?
Anyway, I realize that my explanation doesn’t excuse my having had a neutral opinion on Barack Obama so let me just say that I am truly sorry. I will be sure never to mention the president’s name again without also blaming him for everything that’s gone wrong with your lives.
Mea culpa.
دوربین
Wonderful story, reckoned we could combine several unrelated knowledge, however actually really really worth taking a research, whoa did 1 certain master about Mid East has acquired a whole lot more problerms also
persian tar
[…]usually posts some pretty exciting stuff like this. If youre new to this site[…]
cctv
Hi would you brain letting me know which webhost you’re employing? I have loaded your weblog in three totally different browsers and I should say this website masses a lot more quickly then most. Can you advise a very good hosting supplier at a sincere…
خرید کولر صنعتی
Greetings from Florida! I’m bored to loss of life at operate so I made the decision to examine out your internet site on my iphone during lunch crack. I enjoy the data you provide listed here and can’t wait to take a seem when I get residence. I’m surp…
دوربین
The info mentioned inside the report are some of the most effective accessible.
دوربین
Good post! We will be linking to this fantastic post on our internet site. Hold up the good composing.
سیستم حفاظتی
Superb weblog! I identified it while surfing about on Yahoo News. Do you have any recommendations on how to get shown in Yahoo Information? I have been attempting for a whilst but I by no means seem to get there! Cheers
resume samples
[…]although websites we backlink to beneath are considerably not connected to ours, we feel they are truly really worth a go by, so have a look[…]
سیستم حفاظتی
Hello would you brain stating which blog platform you’re doing work with? I’m preparing to start my very own weblog soon but I’m possessing a tough time choosing among BlogEngine/Wordpress/B2evolution and Drupal. The cause I question is since your desi…
خرید دوربین مدار بسته
Hi there! This is variety of off topic but I need to have some suggestions from an set up website. Is it quite tough to set up your personal blog? I’m not quite techincal but I can figure things out rather quick. I’m contemplating about environment up…
سیستم حفاظتی
Hey! I know this is relatively off subject matter but I was asking yourself if you understood exactly where I could get a captcha plugin for my remark kind? I’m using the same website platform as yours and I’m having problems locating a single? Thanks…
سرور مجازی فرانسه
[…]Sites of interest we’ve a link to[…]
how to sell a website
[…]that will be the finish of this post. Right here you will come across some web pages that we believe you will enjoy, just click the links over[…]
تبلیغ در گوگل ادوردز
Do you have a spam dilemma on this site I also am a blogger, and I was wanting to know your situation we have designed some good techniques and we are searching to swap techniques with other folks, be positive to shoot me an e mail if intrigued.
خرید دوربین مدار بسته
Hey, I feel your internet site may well be having browser compatibility troubles. When I seem at your blog in Chrome, it appears good but when opening in Web Explorer, it has some overlapping. I just wanted to give you a fast heads up! Other then that,…