Friday, April 15, 2011

Citizenship in the Banana Republic Formerly Known as the United States

Found the following amusing:
President Barack Obama says most Americans are confident that he is American-born and bred and says the “birther” issue could be a problem for Republican challengers in the 2012 presidential campaign.
Obama addressed the persistent questions about his place of birth when he was invited, during an ABC News interview, to size up his potential opponents.
He was also asked his thoughts on Donald Trump’s rise to the top of the Republican field on “fantasies” about the president’s background.
Obama seemed amused.
“Over the past two-and-a-half years there’s been an effort to go at me in a way that is politically expedient in the short-term for Republicans — but creates, I think, a problem for them when they want to actually run in a general election where most people feel pretty confident the president was born where he says he was, in Hawaii,” Obama said.
“He doesn’t have horns,” he added, laughing.
Friends, with three theaters of military operations and the financial situation of our fiscal banana republic, this is what the president feels the need to address?  This is a political issue?  I personally don't care if he is an extraterrestrial, it is the downfall of the republic and the inability of the elected "leaders" (yes, holding back the laughter) to rectify these problems that concern me.  


The heat the rating agencies have been taking lately (well deserved, I might add) over CDOs, CLOs, mortgages etc. is nothing compared to their outright ineptitude shown by the United States AAA rating. 

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About Me

A student of the markets that has held portfolio management, analysis and trading positions for over 15 years.