Many in G.O.P. Offer Theory: Default Wouldn’t Be That Bad

The S.O.P. has got it real bad when considering what I read in the front page of today's New York Times.  Don't get me wrong.  I am in favor of less government, balanced budgets and low efficient taxing, but Stephen Colbert's popping the balloon economy with Sarah Palin's pin prick is an apt analogy.  The economy is a house of cards built on credit and trust where reckless behavior can cause us to literally lose our economic house.  Or we can choose to settle down and remodel while we still retain shelter.
 

As an Investor I am voting with my feet

Watching the Sunday talk shows it is apparent that there is a risk of a default.  As an investor I have to take some chips off the table.

October 8 -  Yesterday sold off 1/3rd my position at near year high.  Other investors seem very complacent, as if there is nothing to worry about. Apparently the financial class believes the gibberish that Bonehead Boehner is spouting.

October 10 - My positions that I sold on Monday are all higher today than at what I sold at.  What Complacency on the part of the investor class!

Obamacare

As a Libertarian I should be against Obamacare and I would be if it were not for the Stupid Old Party making it their cause celebre. So in that frame of mind I am supporting it's enactment and hope to shape it's direction in the future.  I recognize that medicine as presently organized is not an economic good that works under Adam Smith's free market construct.  Some things are truly wrong in the system and stupidity is not the answer.  

Chile's President Sebastián Piñera

Just saw him on Charlie Rose last night.  What a magnificent leader of a country! And what a country Chile must be to consistently elect pragmatic intelligent leaders on both sides of the aisle that are above personality and all about intelligent economic growth.  As I have blogged before the Pinochet dictatorship was a horror except for its full embrace of the Chicago boys economic re-modeling.   Now I am envious.

Farm Bill

The farm bill mixes right wing Republican's representing farming constituencies and left wing Democrats with urban food stamp recipients. Now understand I would like the Department of Agriculture plowed under and both farm aid and food stamps eliminated, but I am not stupid nor heartless enough to suggest the that rich farmers keep getting their aid and the poor be cut off their food stamps like many delirious S.O.P wackos are currently suggesting.  The Democrats ought to play hard ball with this and work on seriously defunding the farm states of their Republican bias.  First step is to eliminate the ethanol subsidy.  When was the last time a corn growing  agriculture state voted Democrat?

Charlie Dent Rep PA's 15th District

Just saw him interviewed on PBS Nightly News.  What a nice reasonable Republican. Democrats need to target him and his constituency for 2014 with a Charlie is a good man but how can you vote for his lunatic party? The DNC has an opportunity in the 2014 Congressional elections by methodically targeting decent Republicans who can't vote their conscience.

BBC World News in our dirty Laundry

Tuesday morning with right and left wing pundits debating the government shut down on BBC World News,  the moderator had to ask, "Do you two know what you sound like to the rest of the world?" From my perspective the government shutdown is insignificant, but the looming default is big. The shouting is getting worse and the World is in our dirty laundry smelling the idiocy. The irony is that the party of the financial and managerial class is the one to be hijacked by the crazies wreaking havoc on the dollar and the stock market.