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.
سیستم حفاظتی
here are some back links to web sites that we url to because we feel they’re really worth checking out
تبلیغ در گوگل ادوردز
Does your web site have a contact page? I’m having a hard time finding it but, I’d like to shoot you an e-mail. I’ve got some innovative concepts for your site you may well be fascinated in listening to. Possibly way, wonderful website and I look forwa…
mp3 songs
[…]the time to read or go to the material or web sites we have linked to below the[…]
IPhone bulk
[…]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless seriously really worth taking a search, whoa did a single discover about Mid East has got extra problerms at the same time […]
خرید طلا
Each after in a even however we opt for weblogs that we go through. Detailed under are the most existing net websites that we decide for
what are the best work from home jobs
[…]here are some hyperlinks to web pages that we link to since we think they’re really worth visiting[…]
vpn ایفون
Great website! I located it while surfing all around on Yahoo Information. Do you have any tips on how to get listed in Yahoo Information? I have been attempting for a although but I never ever seem to be to get there! Cheers
vpn ایفون
Quite! This has been a really great write-up. Thanks for providing this info.
traveling for work
[…]here are some hyperlinks to web-sites that we link to for the reason that we believe they are really worth visiting[…]
gratis inserate
[…]please go to the web pages we stick to, like this a single, because it represents our picks from the web[…]
vpn ایفون
Hello there colleagues, how is all, and what you would like for to say about this submit, in my see its truly wonderful developed for me.
prostate wand
[…]usually posts some pretty intriguing stuff like this. If youre new to this site[…]
nipple fantasy
[…]usually posts some very intriguing stuff like this. If you are new to this site[…]
خرید دوربین مدار بسته
Do you have a spam problem on this website I also am a blogger, and I was seeking to know your scenario we have designed some nice procedures and we are seeking to swap techniques with other individuals, be confident to shoot me an e mail if interested…
صندلی
My developer is attempting to persuade me to go to .internet from PHP. I have always disliked the thought since of the costs. But he’s tryiong none the significantly less. I have been employing Movable-variety on a amount of internet sites for about a…