KER Commentary – Wed 29 Jan, 2014

Mr. Grandich on the President

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Featuring:
Peter GrandichCory FleckAl Korelin

Comments:
  1. On January 29, 2014 at 2:58 pm,
    MNH says:

    Those that think all we need to do is, “play out the string’ with this administration and finish this term are dreaming.
    At the very least Obama administration will be with us for a very, very long time–in the three persons he appoints to the United State Supreme Court…as we have at least three that are 76+ years old….

    • On January 29, 2014 at 4:59 pm,
      Big Al says:

      Now that is true, but don’t sell the R’s short on this one.

  2. On January 29, 2014 at 3:05 pm,
    CFS says:

    Under the Constitution the President has no power technically over anything that requires spending not authorized by the House of Representatives.
    The House has the power, via a resolution, to negate any executive order the costs money. It does not have to produce a Bill and get it through the Senate.

    • On January 29, 2014 at 5:00 pm,
      Big Al says:

      Thanks Professor!

  3. On January 29, 2014 at 3:08 pm,
    CFS says:

    Possibly, being a co-equal branch of Government, under article 1, the House has the power to kill any Executive Order, by Resolution of the House.

  4. On January 29, 2014 at 3:18 pm,
    thinker says:

    so looks like sell on greed is inplay,,,..is the herd ready for a blood bath.???..
    in feb we got the debt ceiling,,,,printing of greenbacks getting a lttle crazy…

    the USA dollar will tank,,>>??? is when,,when everyone piling into usa,,,currency get
    .. out…..think easy money is made,,,OMG google at $1000 plus or apple at $500 ITS NUTS..,,,SELL on GREED is SMART

    • On January 29, 2014 at 5:00 pm,
      Big Al says:

      There is absolutely nothing wrong with a profit.

  5. On January 29, 2014 at 5:03 pm,
    Tex says:

    Krushchev was right!

    except we did it to ourselves….

    http://www.livingroomcandidate.org/commercials/1964/we-will-bury-you

    • On January 29, 2014 at 5:40 pm,
      Big Al says:

      Yes so far we certainly have!

  6. On January 29, 2014 at 5:39 pm,
    CFS says:

    The state of New Hampshire has just passed a law that requires each jury to be informed by the judge of its nullification rights.
    i.e, the jury has the right to say that the law is not being applied correctly or appropriately in the particular case being considered.

    • On January 29, 2014 at 5:40 pm,
      Big Al says:

      What do you think about that?

      • On January 29, 2014 at 5:50 pm,
        CFS says:

        It is not a new right, of course, coming if I remember, from Article 5 of the Constitution.

        It does allow the jury to stop abuse of power by a prosecutor , and for the application of commonsense.

  7. On January 29, 2014 at 5:53 pm,
    CFS says:
  8. On January 29, 2014 at 8:01 pm,
    bj says:

    Al,
    Wall Street needs big government to:
    1. Subsidize them,
    2. Bail them out when they make bad decisions.

    For examples:

    1.Just look at all the agricultural subsidies in the Farm Bill. That money is not going to ma and pa working 40 acres with their family mule. It’s going to multinational corporations.
    2. Wall Street banks with footprints all over the world.

    But gotta agree about Obama being among our worst presidents–in good company with Carter and Bush. I’m thinking Carter is glad Bush came along to lift him off the bottom. But for Obama to replace Bush will take some heavy lifting. Even so, we can’t under estimate our man from Kenya.

  9. On January 29, 2014 at 11:43 pm,
    Birdman says:

    Peter, you are so far off-base with your comments on the Presidents State of Union address that I hardly have words to begin arguing with you. The main mistake you are making though is that you are mixing up the man with the message that was delivered. Do you honestly believe that the agenda that was delivered revolves around one man and his idealism for the country? Probably you have no real insight into the political process or how speeches evolve nor even who is behind the message. These things are carefully crafted though. Mr Obama is merely the one who delivers it so it is wise for you to set aside your partisan emotion about the individual and look a little deeper at what he actually said. Rest assured he did not write the words himself. I have to say you really dissapoint me. You might have been a great investor at one time but you are clearly out of the loop and your judgement is clouded by emtionalism and popular rhetoric. I advise you take a step back and consider that the Union address is a message intended for a global audience as much as for domestic listeners. It is tightly choreographed and intended to convey the intentions of the power brokers of the administration as well as send a message to foreign governments. What we were told is that China is no longer the best place to invest. Make no mistake that those were probably the strongest words in the whole speech which was heavily laden with intention and policy changes towards other economies. The US is not about to blink in other words nor will it back down on its own agendas and it is now the stated objective to induce American companies to bring back work that was offshored in the past. A conflict lies ahead. While it may be many years before it comes to a boil we cannot help but note that the mood has changed where the worlds second largest economy is concerned. They remain a competitor but the possibility also exists that we could come to direct conflict with them over Japan which is essentially a protectorate. At such times it is prudent to hear the real message written between the lines and I believe we have just got the message to withdraw some plant and others investments from Asia and reshore them for longer term strategic purposes. Asia has thus become a future risk and anyone not appreciating that is not paying attention. The best bets will therefore remain inestments in the domestic economy.