Contrition

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.

What's been said:

Discussions found on the web
  1. خرید vpn commented on Sep 06

    vpn ایفون

    Do you have a spam issue on this blog I also am a blogger, and I was wanting to know your circumstance we have produced some nice processes and we are seeking to swap strategies with other folks, be sure to shoot me an e mail if interested.

  2. خرید وی پی ان commented on Sep 07

    vpn ایفون

    Hey there, I feel your website might be obtaining browser compatibility troubles. When I look at your site in Safari, it looks good but when opening in World wide web Explorer, it has some overlapping. I just wished to give you a fast heads up! Other t…

  3. خرید فیلتر شکن commented on Sep 10

    vpn ایفون

    we came throughout a great web site that you just could potentially delight in. Just take a look in case you want

  4. سكس مترجم commented on Sep 11

    سكس مترجم

    […]usually posts some extremely interesting stuff like this. If you’re new to this site[…]

  5. FS19 mods commented on Sep 12

    FS19 mods

    […]The details talked about within the write-up are several of the ideal obtainable […]

  6. farming simulator 2019 mods commented on Sep 12

    farming simulator 2019 mods

    […]the time to read or stop by the content material or web pages we’ve linked to below the[…]

  7. dirty sex commented on Sep 13

    dirty sex

    […]one of our visitors just lately advised the following website[…]

  8. Stepfamily Porn Online commented on Sep 14

    Stepfamily Porn Online

    […]Every when inside a while we pick out blogs that we read. Listed beneath are the latest web pages that we pick […]

  9. Stepfamily Porn Online commented on Sep 14

    Stepfamily Porn Online

    […]the time to read or check out the content or internet sites we have linked to below the[…]

  10. Stepfamily Porn Online commented on Sep 14

    Stepfamily Porn Online

    […]one of our guests just lately suggested the following website[…]

  11. پروکسی Mtproto commented on Sep 14

    vpn ایفون

    please pay a visit to the sites we adhere to, such as this a single certain, as it represents our picks via the internet

  12. سكس مترجم commented on Sep 16

    سكس مترجم

    […]below you will locate the link to some websites that we feel you’ll want to visit[…]

  13. Dolce and Gabbana commented on Sep 16

    Dolce and Gabbana

    […]here are some links to web sites that we link to simply because we believe they’re worth visiting[…]

  14. Givenchy commented on Sep 17

    Givenchy

    […]although sites we backlink to beneath are considerably not associated to ours, we really feel they’re essentially really worth a go by means of, so possess a look[…]