Posted by
Too Tall in Texas on Thursday, November 06, 2008 11:05:12 AM
I just got done reading an article from this complete idiot on MSN's Money page. I don't normally read the financial advice pages, but the headline caught my eye. If you haven't seen it yet - check it out - it is "Why Obama is the next Reagan". I just about had blood shooting out of my eyes! The idiot in question is a so-called expert named Jon Markman. The article is found at the following link.
http://articles.moneycentral.msn.com/Investing/SuperModels/why-obama-is-the-new-reagan.aspx
Here's some of what this guy wrote (Warning: Not suitable for Conservatives, Reagan Democrats, and those that know a thing or two about anything):
Investors worldwide have prepared for a new chief executive of the most important country on Earth for months by shedding assets and shivering with dread -- and on Tuesday they got their man. The new boss of the U.S. Treasury, Federal Reserve, armed forces and dollar, the new director of global trade flows, the new captain of the capitalist system, will be a 47-year-old attorney who grew up about as far from the dark center of power as can be imagined -- in sun-baked Honolulu.
Barack Obama now stands in broad daylight, where skeptical investors in Tokyo, Singapore, Beijing and London can assess the real man instead of the political animal running for election. I think they will find his intelligence, his oratory, his dedication to public service, his ease at gathering smart advisers, his ability to inspire confidence and his tight management of a brilliant political campaign are all the real deal. As a result, despite his incredibly thin résumé, investors will come to believe he is ready to take on this august job.
Did this guy just fall off the turnip wagon? "Smart advisers"?!?! Weren't his 2 leading economic advisers the guys that drove Fannie Mae and Freddie Mac into the ground? "The new captain of the capitalist system"? Are you kidding me? Mr. "Spread the wealth around"? The same guy who lamented the fact that the judicial system wasn't able to dole out economic justice during the 50's and 60's civil rights movement? I'm not that confident - are you?!?
Wait it gets better...
It's a mess, to be sure, and in many ways, the next two months may represent the apex of the world's hopes for Obama's success at setting everything straight. The next half-dozen U.S. economic problems that arise will be attributed to his predecessor, after all.
Oh really? I thought it just might be the fact that there was a liberal congress that rammed so much crap through that President Bush had no choice despite his vetoes.
But the next dozen after that will be laid at his feet. The way he and his team deal with them will determine our success as investors and citizens over the next four to eight years, and the shape of the world in which my children, now 13 and 16, will emerge as adults.
Obama faces a domestic economy ravaged by falling home prices, rising unemployment and thinning industrial production. He faces a banking system savaged by epic greed. He faces a public that's more cynical than ever about its leaders. And he faces two wars.
Right... these are the possible "world crises" that Joe Biden warned us about. Ooooh, scary! Here comes Mr. Markman's sage advice for those of you who might want to invest....
It's almost impossible to say with certainty how Obama will govern as these difficulties arise, for there is nothing in his background that will help us judge. We can only pray that he approaches issues in a holistic way -- not reactively but with a grand plan into which each fresh nuance is thoughtfully fit -- much as he conquered the intricacies of the long presidential race.
I don't know about you... but I'd want a financial guru to give me better advice than to "Hope and Pray" that things will be okay. I would rather have someone that has a handle on what is going on and give sound advice.
There is a link buried in the column on the right side that allows you to email your comments on this column to the folks at MSN. If you can't find it, the email address is: investor@microsoft.com I urge all of you who remember Ronald Reagan, admired him, or even heard about him to email these clowns and tell them that they need to either fire Jon Markman or take off their blinders and see the world through eyes that aren't blinded by devotion to liberal ideologies.