Please Explain

One of the main puzzlements for me over the years of the Obama administration has been the reality disconnect between the commentary on places like CNBC (aka Fox News Lite) about how bad Obama is for business and the markets, and what the actual facts are:  record profits in almost all industries and a stock market that has risen more than 60%.

Okay, so here's my problem.  The stock market has pretty much steadily increased during the Obama presidency.  It was around 8,200 when he took office in January 2009. On the day of the first debate October 3 it was around 13,500.  Well, since then Romney's poll numbers have steadily improved and the Dow has steadily gone down.  I thought it was supposed to go the other way.  Someone let me know if Joe Kernen and the other Obama haters on CNBC have explained this.  Maybe someone else can.

I may have to unretire if Romney's poll numbers keep improving.

Benghazi (and a Few Other Things) in Perspective

This article (see link below) includes a nice calm perspective on Libya and "confirmation bias".  It's worth  a read.


http://www.freedomsphoenix.com/Opinion/Print-Page.htm?EdNo=001&Info=0210323

More from the CNBC Conspiracy Fringe

I usually try not to watch CNBC before 9 AM (at least not with the sound on!), since Squawk Box has basically turned into Fox News Lite.  But today I saw that Ken Langone (another Obama-hater) was on, along with the resident Obama-haters Rick Santelli and Joe Kernen, so I thought I'd see what kind of nonsense they were spewing today.  Of course, they were all defending Jack Welch, and adding their own unfounded accusations.

Is anyone else tired of Santelli's whining?  He may think he is yelling and therefore proving he is (1) more correct and (2) more sincere than the rest of us.  But it's not really yelling: it's just whining real loud.  He repeats his unfounded accusations and then says draw your own conclusions.   But when someone calls him on this and draws the only plausible conclusion--that he is accusing the Bureau of Labor Statistics of conspiracy--he denies it and whines some more.  What a crybaby!  Even Larry Kudlow thinks he's gone too far!

I don't know why they even bother having Welch, Langone, etc., on the show.  You already know what they are going to say.  Just play a tape from last time and save your money.

I can't believe at least some of the colleagues at CNBC aren't embarrassed by this.  Or have they all given up any semblance of journalistic integrity?

Jack Welch: A Dishonorable Man

T. Boone Pickens has shown he is not a man of his word.  In 2007--with typical bluster--Pickens made a promise (on which he later reneged) concerning the untruths which he funded with the Swift Boat liars.  He demeaned not only John Kerry but all veterans.  And then he broke his promise.  It is clear in my mind that Mr. Pickens is not a man of integrity.  When I see him being interviewed on TV, I turn him off.  Why would I care to hear the opinions of someone with such lack of honesty and character?  I'm under no illusion that he would even care what I think, but at least I can live with myself.

And now Jack Welch can be added to that list of of men without honor.  Okay, Jack.  I get it.  You hate Barack Obama. And Joe Kernen and the other Welch worshippers on CNBC give you plenty of opportunity to express your dislike of the man.  But if you think that your reckless tweet about the Bureau of Labor Statistics is only a criticism of President Obama, you are wrong and shouldn't be allowed to get off the hook.  You have impugned the character and integrity of many honest people at the BLS, with no evidence or justification.  You are a dishonorable man.