Um hum…McCain is Running an Honest Campaign
According to the pro-Obama, boo hoo hoo liberals the McCain campaign is resorting to diversionary, dishonest, underhanded campaign tactics to avoid the so called ‘important issues’ that face voters. Aww poor puppy. Cry me a river. The truth of the matter is all issues are fair game, including the ones the Obama campaign deems petty such as ‘lipstick on a pig’.
The lipstick comment was irrefutably a gaffe. Although Obama’s campaign spokespersons deny that he was referring to Palin, the remark does come at a time when Palin was dominating the news cycle following her monumental convention speech. A coincidence? Fat chance, which is why lipstickgate isn’t going away. Nor will it help Obama win over the much coveted, disaffected Hillary voters. After all it was Hillary who won the popular vote in the primaries and Puerto Rico, a feat that Obama wasn’t able to accomplish. By insulting Palin in such an egregious manner Obama proves that he lacks the temperament, civility, and composure to be commander in chief.
Speaking of quibbling, the liberals were making a huge stink over Bristol Palin’s pregnancy, but that issue went nowhere. The same for troopergate, which was a dud and the Palin’s husbands’ DUI. McCain’s polling numbers continue to rise, while Obama’s fall. Why did the pregnancy story fail to gain traction? Because it wasn’t a big deal. Teen pregnancy is perfectly acceptable to the republicans and evangelicals as long as the birth isn’t out of wedlock. It is the sex ed liberals invading the kindergartens that are advocating condoms and abortion as opposed to evangelicals who advocate sex for procreation, not recreation. Also, teenage pregnancy is good for the economy because early procreation results in more consumers, and hence more spendism, consumerism, and global growth.
A Google news search for “McCain lying” reveals over three thousand entries. But how is the McCain campaign lying? There isn’t a single shred of concrete evidence that McCain has lied about anything. How is saying that the economy is fundamentally strong, a lie when it indeed is? The imaginary financial crisis is an isolated event that only affects retail banks, mortgage companies, brokers, and investment banks. Non financial sectors such as materials, transports, energy, and technology are booming due to a cheap dollar and global growth. So it is actually Obama who is lying when he says the economy is weak.
Facebook, Myspace, Twitter, and Google are leading the web 2.0 internet boom in the Silicon Valley, but you won’t hear about that from the Obama campaign. Instead it’s the same liberal woe is me mindset. I lost my job. Iraq war going on too long. Too much national debt. I can’t afford healthcare…boo hoo hoo.
In conclusion, the Obama campaign is slandering McCain because their ads fail to stick, while McCain’s attack ads are like Velcro. Bittergate is still fresh in voters mind as is the Britney/Paris celebrity ad. Does anyone still remember Obama’s ads or speeches? Nope. Obama is bitter that his ads are easily forgotten or Palin’s pregnancy did go anywhere, so like a typical sore loser he accuses his opponent of playing unfair and being deceitful.
Imaginary Credit Crisis Rages On; McCain Rally to Resume
The imaginary credit crunch, housing bubble, and recession rages on with the Dow Jones Industrial Average falling over 500 points on the collapse of Lehman Brothers and AIG. The bearish sentiment is probably more overwhelming now than ever before with the major indexes making yearly lows. However historically such abrupt one-day selloffs have typically marked capitulation bottoms.
The chart above gives two examples where the markets sold off suddenly in one day, and then subsequently rebounded. The Dow lost over four percent in mid 2002 on the collapse of Worldcom, only to transition into a new bull market a few months later. And the markets staged a very strong rebound after being halted following the 911 terrorist attacks.
It bears (no pun intended) remembering that the only only recession we’re in is a fake, Obama generated one. We’re also in a fake housing bubble and a fake credit crunch/liquidity crisis. Contrary to the boo hoo hoo Obama democrats the US economy is very robust, there is no housing bubble, tons of credit, tons of consumer spending, and huge liquidity. Keep in mind there have been no negative GDP quarters since 2001.
But how is that possible that the credit crisis or housing bubble is merely an illusion? With the markets plunging so substancially surely there has to be some sort of weakness in the foundation of the US economy. But there isn’t. The United States and global economies are driven by consumption by retail consumers and industry, and that consumption has showed no sign of slowing.
The US consumer continues to max out their credit cards to buy food, gas, ipods, computers, and other goods. Durable orders (expensive items such as cars, TV, Computers) numbers have held up very well. As I have repeated numerous times if there were were a credit crunch and a liquidity crisis consumers woudn’t be able to max out their credit cards in order to keep spending, but they are. Millions of people still using the Facebook, the Google, and Myspace, as well as buying Ipods and Blackberrys. Americans continue to drive even with $4 gas and $100 oil.
The financial and consumer disgresionary sectors are ailing, but globalism and huge consumer and industry spending is helping other sectors such as technology, energy, and materials. China, India, Russia, and Brazil still need tons of coal and oil, and while commodities have sold off a lot in the past three months, they WILL rebound, especially on an ineviable McCain victory.
For the survival the US and global economy itis imperative that McCain wins because he will perpetuate the war in Iraq and invade Iran, further pushing the dollar lower and the national debt higher. A weak dollar and more debt will benefit globalist, smartist, new era companies that depend on exports such as Research in Motion, Apple, Google, Visa, Mastercard, Patriot Coal, and Potash Corp. McCain’s free trade policies will further bolster global growth for multinational corporations. We need more consumerism, globalism, spendism, paymentism, and free market capitalism under McCain, as opposed to protectionism and isolationism.
And Palin does have more experience than Obama and isn’t condescending to working, hard-working Americans, white Americans.
It is time to open the borders because American labor is too expensive. Insourcing (from Mexico) and outsourcing labor (to China and India) elliminates such unnecessary expenses such as healthcare, medical leave, and pensions. In the smartist era that we’re currently living in perks such as job security and nest eggs are a thing of the past and there is nothing Obama or McCain can do about it. It is beneficial for the US economy and the smarties of the new world order to widen the wealth gap and increase profit margins for multinational, industrial, and high tech corporations through cheap labor and less regulation, which is why McCain will win, and why Obama will lose. The jobs are moving overseas and will never come back. Need to vote in 2008 elections. Need a college degree to be an informed, tollerant, multicultural, global citizen.. Need to make more money, spend more money, and save less. We need to drill in Alaska and offshore.
Lehman Going Under; Stock Market Will Surge Anyway
Reportedly bank of America is no longer buying out Lehman brothers and it is now a very strong possibility the investment bank is indeed going under. Whoop dee doo. I could care less because regardless of the outcome the market is still going to surge higher.
If Lehman does fail its business will be scrapped and more financially stable investment banks such as Goldman Sachs will take over Lehman’s clients. Thats the way free market capitalism works. When one business fails competing businesses with better management fill the gaps. However, should the fed intervene and bail out Lehman the market and commodities will surge and the dollar will fall.
Any pullback in the market tomorrow will be short lived. The buyers will step in upon realizing that McCain will be our next president and that weak dollar, pro growth policies under the Bush administration will be perpetuated. George Bush is a cheap labor republican, unlike Nixon and Herbert Walker Bush, and cheap labor benefits globalist companies and the stock market. No need for expensive American labor when the jobs can be easily outsourced and insourced. As usual stocks that benefit from cheap labor, deficits, globalism, and a falling dollar such as PCX, EWZ, GOOG, RIMM, AAPL, BTU, POT, MA, MOS will lead the market higher.
The McCain rally is real. No need to over analyze when you can just buy and make money.
Fake Recessions and other Obama Nonsense
Obama is quoted in a speech in Manhattan “As most experts know, our economy is in a recession..” Hmm last time I checked the economy wasn’t in a recession because there hasn’t been yet a SINGLE quarter of negative GDP growth since 2001. A recession is formally defined as two or more negative quarters of GDP growth, yet there haven’t been any. This is just one of many of examples of the Marxist boo hoo hoo Obama spreading misinformation about the state of the economy to mislead voters.
Phil Gramm famously said we were in a mental recession, and while the boo hoo hoo democrats accused him as being ignorant and out of touch with “struggling Americans”, the comment had absolutely no negative affect on the McCain campaign in terms of polling, nor did McCain’s lapse regarding the number of homes . In fact, McCain’s poll numbers kept marching higher because Phil Gramm was indeed right, as I alluded to; we are a nation of crybabies (at least the pro-Obama liberals are).
Recently Obama’s campaign blasted McCain in a TV ad regarding his inability to remember how many homes he owns while using the ad as a backdrop to impart his empathy for the so called ’struggling home homeowners’; (Who ever these folks may be. I have yet to meet any. ). So why didn’t so called ‘housegate’ gain more traction? Why hadn’t his ads had any damping affect on the polls? The reason is because there was never a housing bubble or housing crunch to begin with. For the most part housing prices have been rising steadily for the past two decades, and while there have been isolated booms and busts on average the trend is up. Aspen, Palo Alto, and Manhattan are three examples of regions where home prices have been steady appreciating. Foreclosures only make up a tiny fraction of total mortgages. So while Obama habitually about a ‘crisis’ the opposite is the case.
The McCain Britney/Paris ad was a brilliant success because it was factual and did resonate with Americans regarding Obama’s and Michelle’s aloofness and celebrity status. This sentiment was compounded by Obama’s grandiose Reichstag speech, in which he appeared to display an undying affection towards the Germans as opposed to the bitter Americans. Too bad it’s the bitter Americans, not the Germans, who can vote.