One of the marvels of the continued bull market in stocks this year – and to a much lesser extent in bonds, too – is that it’s taking place in spite of what appears to be a tremendous amount of dysfunction and conflict within the federal government. But it’s perhaps more accurate to say that the bull market continues to motor on because of, rather than in spite of, the gridlock.
Leave it to the Republican Party to create government gridlock single-handedly – without any assistance from the opposition party. Here is a party that controls both houses of Congress and the presidency and yet still manages to screw things up.
Then again, maybe it’s wrong to think of Donald Trump as a Republican president. Rather, perhaps the correct way to think of Trump is as America’s first Third Party President, who just happened to use the machinery of the Republican Party to get elected, but is no more a Republican than Ross Perot was.
Quite clearly there are three active parties, or factions, in Washington, and all of them are aligned against each other – the Republicans, the Democrats, and the White House. Continue reading "Ladies and Gentlemen: Gridlock Is Good"
For some reason, I received an email this past Labor Day from the White House. I am not sure how theWhite House acquired my email address but, I guess I could ask the NSA. I was not alone as I'm sure this same email went out to millions of other Americans.
I decided to join in the fun and watch the video. As I expected, there were a lot of warm and fuzzy words and images of workers in factories. What came next, after 1 minute and 26 seconds really shocked me, the President of the United States said these words...
"reverse the forces that have conspired for decades against working Americans".
You can view the video here or click on the White House email image.
Who the heck was President Obama referring to when he used those exact words, "reverse the forces that have conspired for decades against working Americans"?
These words really bothered me; I could not believe what I was hearing. A Conspiracy? Did I miss something? Do you mean that all companies have been conspiring against their workers for decades Mr. President? If not companies, then who is conspiring against American workers? American workers made this country great, and for the most part they are well paid and respected.
Continue reading ""Reverse the forces that have conspired for decades against working Americans" Imagine who said those words?"