Archive

Posts Tagged ‘Tea Party’

2013/10/07: Commentary: Load, Lock, Shoot Foot

October 7, 2013 Leave a comment

© 2013 ROHR International, Inc. All International rights reserved.

COMMENTARY: Monday, October 7, 2013.

 ABCthisweekBOEHNERnotVOTEinHOUSE-131006

 Load. Lock. Shoot Foot.

No vote in House for ‘clean’ Continuing Resolution.

Is this right? …well, ‘correct’ anyway. It’s definitely Right… as in Speaker Boehner’s crushing need to respect the wishes of the politically well-Right of center Republican Reps in the House.  And this came out in impressive fashion in Sunday’s political talk shows. Huffington Post’s article and many other sources dispute Boehner’s assertion that the votes would not be there in the House for a ‘clean’ Continuing Resolution (and by implication a clean Debt Ceiling hike… the far more critical horizon.)

And in fact, the entire overreach of first demanding a repeal and then shifting to a delay in Obamacare implementation was such a benighted tactic by the political Right, that it’s dimensions are hard to fathom for anyone but the most politically attuned. And as we have recently noted once again, most Americans are not that politically astute or engaged. And most foreigners simply consider a sign of (as we noted in a recent post) ‘political stupidity’ (thanks to the Financial Times’ John Authers for that one.)

As we pondered the extended damaged to what had been a recently resurgent Republican Party (until now), it just gets worse and worse. The Tea Party faction does indeed have some very good ideas for how to evolve a smaller, more efficient government. Yet the tactics of the party leaders they are pushing for results in Washington DC are burying whatever chance the Republicans may have had to achieve further electoral gains.

Which is why we view all of the sound and fury over the Affordable Care Act (aka Obamacare) being bad law implementing bad policy is likely right in the final analysis. All the more reason the overly ardent, yet poorly thought, approach of the Tea Party’s allies in the House and Senate leadership is indeed a case of…

Load. Lock. Shoot Foot.

Read more…

2013/10/03: Commentary: Got that old ‘2011’ feeling back… and not just us!!

October 3, 2013 Leave a comment

© 2013 ROHR International, Inc. All International rights reserved.

COMMENTARY: Thursday, October 3, 2013.

 CNBC-OBAMAharwoodINTVW-131002Crisis? What US government funding crisis?

Uh-Oh… even the Prez is allowing this one ain’t good!! We don’t agree with a lot of what the President has put in place (in fact we disagree with most of it.) Yet he was right to caution that markets are likely being too sanguine in the face of these unyielding positions on both sides.

You’d think from the way the markets are behaving there is no crisis looming in the US. This could be a major bit of cognitive dissonance brewing for the investor class (including more than a few ostensibly well-informed fund managers.) What we are witnessing is a short term disconnect that most folks expect will be readily corrected, yet which might carry more dire implications even across the short term.

While not wanting to play Cassandra, this all feels a lot more like July 2011 Redux than anything seen in any of the mini-crises since then.

Read more…