Friday, October 17, 2008

someone's wandered off the reservation

I’ve got a logical fallacy I am trying to work my way through. It’s hard. I’m getting a headache from all my cogitating. Let me share it with you.

During the 2d debate, we heard this Q&A:

Brokaw: Senator, we have one minute for a discussion here. Obviously the powers of the treasury secretary have been greatly expanded. The most powerful officer in the cabinet now. Hank Paulson says he won't stay on. Who do you have in mind to appoint to that very important post?

Obama: Well, Warren would be a pretty good choice -- Warren Buffett, and I'm pleased to have his support. But there are other folks out there. The key is making sure that the next treasury secretary understands that it's not enough just to help those at the top.
During the 3d debate, Obama said this:
Let me tell you who I associate with. On economic policy, I associate with Warren Buffett and former Fed Chairman Paul Volcker.
OK. Buffet firmly implanted.

Back to the 2d debate, Obama said:
I think everybody knows now we are in the worst financial crisis since the Great Depression. And a lot of you I think are worried about your jobs, your pensions, your retirement accounts, your ability to send your child or your grandchild to college.
OK. Bad situation.

What should I do, Obama?

Back to the 2d debate, we heard this nugget of enlightenment:
Obama: You know, a lot of you remember the tragedy of 9/11 and where you were on that day and, you know, how all of the country was ready to come together and make enormous changes to make us not only safer, but to make us a better country and a more unified country.

And President Bush did some smart things at the outset, but one of the opportunities that was missed was, when he spoke to the American people, he said, "Go out and shop."

That wasn't the kind of call to service that I think the American people were looking for.

OK. Don’t shop. We need a call to service.

Who’s going to tell me what to do? Well, I’m not the tree with the most rings out here, but I think that since it’s an economic situation and you have given no form to your “call to service” during your campaign, I should go to the Implanted Buffet. Seems like a good idea. What does he say?

Go shopping.

Oh.

See my point?

UPDATE: Another thought. If The Implanted One thinks that buying common stock is such a good idea right now, it suggests to me that he believes that they are undervalued. If he believes that, then he believes that the underlying fundamentals of the economy are strong. Another wandering off the Obama Reservation.

1 comment:

  1. *
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    Recently an insurance company nearly wind up....
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    A bank is nearly bankrupt......filing chapter 11 protection.
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    How it affect you? Did you buy insurance? Did you buy mini note or bonds?
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    Who fault?
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    They bailout trouble finance company, but they will not bail out your credit card bills…….Should they have use the bail out $$ to pump into all different industries instead ……You got no choice, and no point pointing finger but you can prevent similar things from happen again……
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    Are you a partisan?
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    Since the bailout already done, the question now is besides letting the economic back on track, what regulation should be done to prevent similar things from happen again…..

    Eg.
    The top management of the Public listed company ( belong to "public" ) monthly salary should be tied a portion of it to the shares price ( IPO or ave 5 years ).... so when the shares price drop, it don't just penalise the investors, but those who don't take well care of the company.....If this rule is pass on, without any need of further regulation, all industries ( as long as it is public listed ) will be self regulated......because the top management will be concern about their own pay check…… Instead of spending big money on hotel stay and luxury function……..Top management get monthly salary and director fee, while investor get dividends….
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    Whenever anywhere, anytime, there is election campaign.....We can use this to question your candidate there….. if you agree on my point, please share with many people as possible.... Finance and Media are the two only industries can shaken politics ( Maybe Hackers can ), please help to highlight also...

    Also recently some comments say that Respectable Mr Buffet had start buying, yes, he started buying with guarantee return of 10% annually….. Do we individual investor had the same offer…. If yes, I will definitely join in and buy……

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    Blog
    http://remindmyselfinstock.blogspot.com/
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    Facebook, come and join as a friend and share with your friends…..
    Remind.myself@yahoo.com

    Eg:
    Just image, Institution lent out the shares already, in their hand, they don't have any stock or shares already, but Institution know that in the market, there are those individual investor who borrow the share going to sell the stock, so Institution naked short also, because there is no restriction on those Institution that those stock or shares that lend out, cannot be trade by the institution at that moment.

    ReplyDelete