President Obama's Job Is On The Line

14 thoughts on “President Obama's Job Is On The Line”

1. Interesting move in the dollar. In my opinion the market is trying to establish equilibrium between the two big dogs - US and Germany -. It makes sense to take down the cost of the import dependent US economy by bidding up the dollar, while helping Germany´s export machine by taking down the euro. China and Asia are junior partners in this game of old dogs, they need to focus on building up their own internal economies and consumption.

2. Obama also falls back on the Liberal Plea of more money for education. Why?? His own Department of Education already states on its website "The United States pay more for education than most other countries (bucks per student), and gets less in return. They are already questioning the amount of resources versus achievement in the schools. As well they might be. Take Wisconsin as an example, the Taxpayers are already spending over $210,000 per classroom per year. This is a little more that $1,100 per day. The reason we have funding issues is not that we are paying too little. It is because the schools spend way to much money in non contact positions. The Dollars Spent per Classroom Day represents what we taxpayers are giving for the education of kids in their factory setting. Private industry has proven time and again that they can provide superior education for fewer dollars. Before asking for more, how about defending the largess currently being given.

3. First Impression of Obama's Jobs Plan is been there, done that. He himself has stated there is no such thing as a shovel ready job. It feels nice to say we are going to reward those employers who hire workers who have been out of work for over 1 year. But if the reward is there, why would I want to hire somebody who is working now and looking for a better job, or somebody who has recently lost their job? Obama is famous for his not even trying to anticipate the unintended consequences of his actions. Saying that this is paid for is a lie. He wants to Congressional Super Committee to come up with an extra Trillion to pay for this. Wait a minute, aren't they already working on a stretch objective? So he spends all of the bucks in the next year on short term jobs, and then there is no long term benefits to pay for the jobs.

4. This President doesn't know what he's doing. Don't give him an out based on race. He wanted the job. He said he would make things better. He has made things worse. He's been talking about jobs for 3 years and hasn't done one thing. Don't blame it on Republicans. His Democratic base continues to push their liberal agenda and he just eats it up. I'm tired of people, particularly with the President, using the race card to repel real criticism. He's a President. The job itself lends itself to criticism. If things were going well, everybody would be carrying him on their shoulders. Well, it's not. He has failed to focus on the right things at the right time and he has failed to do ANYTHING to correct it. He has created class warfare and he cannot even lead in getting his own Party to tone down the rhetoric (and in fact, he's guilty of it himself and did it again in last night's speech). Stop giving this President a "bye" because he's the first black President. If he can't stand the heat (or lead on any level), then get the hell out of the kitchen (from another famous Democrat who was criticized too).

5. Obama has no voice - unlikely that markets will react. This guy is just another guy.
   He has no redeeming character. Markets will continuw on a neg slope until he is booted out.. Just too arrogant to be in the WH. He is not worthy of the recognition of President.

6. Permit me to share a thought. I think its time we stop blaming everyone who opposes the President and his policies as being racist. The time for this kind of blame game is over. His policies have failed, not because of his race, but because he has chosen the road of Keynesian policies that have failed to work in the past and are failing now. Last jobs report=0 new jobs created. Now, he asks for another stimulus which he refers to as a jobs bill. But, this bill is nothing more than the same Keynesian policies all over again.

7. Has anyone else wondered if some of the pressure on Obama comes from the side of America we hate to acknowledge? The racism that our society is still trying to outgrow? Recalcitrant Republicans seem to think if they're stubborn enough to balk all Obama initiatives, this "dark side" including the Ku Klux Clan will help them oust the President. Thoughts?

8. Dollar rallies from cyclical lows tend to be quite forceful and the dollar has been muddling along a low for months now, seemingly gathering ammo for a rally. This could be the mommy of all short squeezes since about everything and everyone plus their dog seems to be short the greenback. We shall see.

   The price of US govt. debt is currently at a 140-year high which reflects the extreme deflationary environment in a world swimming in oversupply, overcapacity and a totally endless supply of cheap labor. Obviously it makes no sense to accumulate anything that money can buy, better to conserve the high-priced cash and wait for prices of what it buys to fall.

9. "So far, President Obama’s words have not helped the markets in the past."

   Really Adam?

   Does anybody choose to remember this (Note the date):

   FOXNews.com
   Tuesday, March 03, 2009
   President Obama said Tuesday that now is a good time for investors to buy stocks if they focus on the big picture.

   Markets more than doubled since that little tip

   Whaa Whaa Whaa Blah Blah Blah

   Stick to the technicals please.

   And Maybe Look at the long term 30 year or even 50 year or 100 year charts once in a while. Then step back and really think for once.

   Realities.

10. More importantly the NFL kicks off at 7:30 pm.

11. Hi Adam,

    You have been talking a lot about the dollar against a basket of currenies. Today it rose above the $76.10 mark you talked about so looks a good buy. Do you have a specific US Dollar ETF which you think is good for tracking/investing in this area?

    thanks
    Tristan

    1. Tristan,

       UUP is an ETF that tracks the Dollar Index. Here’s a link to the chart within MarketClub.

       http://club.ino.com/members/charts/?s=PACF_UUP

       Best,
       Jeremy

12. The president's speech is scheduled for 7:00 PM EDT (not EST).

    No one in the east is currently on EST (Eastern Standard Time).
    Daylight Savings Time ends on Nov. 6th. At that point, Standard time
    goes into effect. You remember "spring forward, fall back". So until
    we "fall back" you'll be on EDT in the east, CDT in the midwest,
    MDT in the Rockies, and PDT in the west.

13. Obama will keep his job in November for at least another year.

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