Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Contact us: support@philstockworld.com
© Copyright - PSW, LLC.
2024
July 17th, 2010 at 2:13 pm
The notion that Obama’s presidency is a failure is a really unfortunate talking point in the media today. Obama, by all accounts, is a very successful president and history will support that. He followed through on his agenda and pressed through very tough legislation. He is pushing for a draw down of forces in Iraq and an ultimate solution to Afghanistan. The presidency has not failed. Take the last two one term presidents, Carter and GHW Bush. Carter micromanaged the office of the president and was terrible at pushing through legislation. He was also subject to the whims of OPEC and a failed attempt to rescue the hostages in Iran. GHW Bush was very popular during the first gulf war but fell victim to the recalibration of the economy after the Regan run up and then the fall of the Soviet Union. Clinton was able to claim success in bringing the economy back to health and balancing the budget. The end of the Cold War allowed Clinton to halt annual defense spending increases which also helped with the budget balancing. Clinton was successful because he knew how to legislate and the major game changing incidents came before his presidency. Obama fits more into this mold than the Carter of GHW Bush models.
Mid-term elections, historically, go against the sitting president. This will happen in November but Obama has time on his side. Two full years after these elections to allow the economy to heal and jobs to come back. This will also give his legislation time to either work or fail. As of now there are no clear markers to classify Obama as a failure.
Finally, Obama is no socialist. He is a centrist and the fact that the far left is disappointed accentuates this fact. H Clinton will not run in 2012 because she knows that the greatest marker for success is incumbency and she would not want to put a 2016 bid in peril. I would not be surprised to see her on a 2012 ticket as Obama’s VP. I think this would be the more likely development as Biden feels more like a placeholder and it would give the Dems a very strong and compelling long term strategy which they have lacked for a long time. But again, time is on her side and acting as Sec of State is a good place for her to wait and develop her foreign relation skills while those in the political mainstream tear each other down, much like Romney and Palin are now.