Bear Market

A friend wrote on Google Plus last week,

Considering the effect President Obama’s last two speeches had on the Dow Jones Industrial Averages, I wonder if we’ll be looking at a Black Friday style Stock Nosedive?

That is what we call a trigger event (others include tsunamis, terrorist attacks, and travelers with influenza). That and another news story triggered a Big Thought.

The stock market dropped 300 points today in response to the President’s speech.

Then-Senator and presidential-expectee Obama’s “world that stands as one” speech in July of 2008 came at a market inflection point.

The new president made his inaugural address January 20, 2009. The Dow slid. He and Mr. Biden delivered remarks on the Economy in January, 2009. The Dow continued to slide. He spoke of regulation in the financial sector in February. The Dow dropped some more. He made his Innovation and Jobs remarks. The Dow dropped below 7,000.

He stopped talking about important stuff. The market started to recover.

Time passed.

He said “government can … create the conditions for companies to succeed” in April of 2010 and the Dow began to slide again.

Mr. Obama delivered a speech on the national debt in April of 2011. Guess what happened? He was on the stump last month and announced half a trillion in spending just last week.

That preceded that immediate 300 point slide which some pundits say has nothing to do with us and everything to do with Europe.

Here’s the problem. The data is inconclusive.

Oh, sure, I made an interesting case blaming the drop in my 401K on (liberal) presidential speeches but I’m sure some (liberal) pundit can dig through Yahoo finance to compare (conservative) presidential speeches to downward market performance.

I’m thinking we need a better indicator.

I’m thinking Animal Planet; after all, the stock market is represented by the bulls and the bears, right? And that brings me to the second news story.

A bear stole a Prius last week.

The Prius is a hybrid electric car that Toyota calls a “mid-size” sedan. On sale since 1997, the car gets regular EPA, California Air Resources Board (CARB), and Far Green ratings among the cleanest and most efficient vehicles sold. That’s based on smog contributions, toxic emissions, and apparent gas mileage.

Don’t get me started on “apparent gas mileage” and the government finagling of fuel economy figures.

Certain cars have become the darlings of demographic groups. The Subaru is the national car of Vermont (popularly known as the “Subi-truck” although the Forester station wagon is the vehicle of choice). According to epinions, “BMW drivers are bar none, the worst around.” And the Toyota Prius is the darling of the left.

The McCarthy family, on vacation in Lake Tahoe last week, has a story right out of Jellystone Park: a bear stole their car. If they had gone to Central Park, the car thief might have caused less damage.

The bear broke into their car, rummaged around, took off down the hill, and crashed into a nearby yard. Then, like any good car thief, he completely trashed inside of their Prius. “He had ripped out the back seat. There’s nothing left. There’s nothing left inside of our Prius. Gone,” said CeCe McCarthy.

A bear stole a Prius. A bull has never in the history of cars or the stock market (heh) stolen a Prius.

Bears are liberals. Bulls aren’t.

Whoda think it?

Thus concludeth my primer on the stock market.

Thor’s Trials & Tribulations

The President of these United States is going to talk tonight. “My fellow Americans, I will set you free! Jobs jobs jobs jobs jobs for everyone.”

25 million unemployed and every person without a job has heard those words before.

I’m thinking tonight Mr. Obama’s words will again be all hat and no cow(boys). And that may be the biggest trial of all.

Jack of All Trades

The lizard is affronted, annoyed, slightly choleric, exasperated, fierce, vexed, and more than a little disappointed.

On her Monday Peeve over there, she wrote, “I’m not even gonna get into dual-language packaging and how the employees at stores always put the Spanish side out when stocking the shelves.”

So I will.

Packaging is part of the issue. After all, having the same descriptions in two or seven languages on the box is more irritating to those of us who don’t wear our readers all the time but including a user manual in those same two or seven languages means either even smaller print or a lot more paper in each and every box.

Most manufacturers shrink the print and quadruple the paper. More for the waste stream.

This is an issue that not only could help Congress take its mind off important actions like renaming post offices and their vacation; it can also increase liberal schizophrenia.

We need a law, see, that bans multiple language packaging and user manuals. And forms. We do, after all, place the environmental impact of the waste stream above all else.


In our effort to become Jacks and Jills of all trades
We have become the Masters of Baiters
.
We can do more.We can save money and go green if we just reduce, recycle, and reuse the lingua franca of the United States.With 14 million Hispanic residents, California has the largest population of people who self-identify as Hispanic or Latino. That’s about one-third of the state population. (Florida is number three, behind Texas, with 4.2 million or not quite one-quarter of the population.)On the other hand, there is no accurate count of the number of Muslims in the United States, because the U.S. Census Bureau does not collect data on religious identification. The Council on American-Islamic Relations reported 7 million people nationwide self-identified in 2011.

“Press 3 for Arabic?”

[Image]California’s Muslims make up some 3.4% of that state’s population or 20% of the national total. Michigan’s Muslims appear to be 1.8% of the Michigan population, less than half that state’s Hispanic population. Recognizing the extreme need to cut down the vast northwestern forests, the California Medi-Cal Eligibility forms may be available in more than Arabic, including Armenian, Chinese, Farsi, Hmong, Khmer, Korean, Laotian, Russian, Spanish, Tagalog, and Vietnamese. And English. The State of Michigan Public Assistance also offers help English, Spanish, and Arabic.

“Now on top of all the paper, the state offices have to have 17 different writing systems?” Rufus said. “Bleeping morons.”

Here’s the bait: all you environmentalists reading this? Isn’t it time to cut this kind of waste from our government, our shelves, our stream?

Labor Day? Really?

On this day named for Laborers on which we do not Work, it is worth noting that politicians do not create jobs, no matter what they say.

I think Congress should pass the President’s job package, the one he’s been talking about for weeks, the one he will announce and may even give one or two details for, on Thursday. After all, he promised!

Jay Carney, asked if Mr. Obama’s package would drop unemployment below 9%, said, “Based on, when you’re talking about economic predictions, yes. Economic analysts, economists will be able to look at this series of proposals and say that based on history, based on what we know, based on their collective expertise, that it would add to economic growth and cause an increase to job creation.”

Uh huh. Politicians do not create jobs.

Back when she was still boss in 2009, Nancy Pelosi (D – CA) wrote about the final G.R.A.F.T. Act, “This legislation will jumpstart our economy, create and save 3.5 million jobs.” She used the phrase “create jobs” or “create really really outstanding jobs” 41 times.

Uh huh. Politicians do not create jobs.

The site michigan.gov trumpeted that, “Thanks to Governor Granholm’s 21st Century Jobs Fund, this new economy is actually taking shape… The first round of awards has already provided funding to 67 companies and projects, creating thousands of jobs…”

Uh huh. Politicians do not create jobs.

Michigan is closer to the truth. Politicians give away OPM to businesses that create jobs. “OPM” is “Other People’s Money,” something politicians think they have an infinite supply of and that We the [Other] People know is running out.

It is Labor Day and 25 million Americans are still not laboring.

It is Labor Day and we are not laboring because 0 jobs were created last month. Zero. Nada. Zip. None.

It is Labor Day and we are not laboring. Politicians will create no jobs today, either, but they will walk in parades and pretend they have.

In 2009, the White House said President Obama’s stimulus plan would bring unemployment to below 8%.

Uh huh. Politicians do not create jobs.


This column first appeared on Monday, September 7, 2009. I have updated it slightly.
You might also enjoy last year’s Labor Day reminiscence, Milestones