The Wisdom of Crowds and Obamanomics: "A 2007 study by Arnerich & Messina illustrated the stock market's efficiency in stark terms. Since 1994 there have been only two years in which more than 50% of professional money managers were able to beat the S&P 500 index. In 1997 only 11% of managers beat the index."
Eyc Eyc esp effect of Obama popularity and stock market
My concern with President Obama is his speeches seem to be written to sound profound while leaving out substance.
His plans to manage the deficit do not reflect anything like reality. He announces a plan to halve the deficit in the same year he increased it by $1 trillion dollars. His foreign policy so far is more notable in it's absence than in it's accomplishments. Given posturing and threats from North Korea, Sec State Clinton announced that she personally did not believe North Korea could enrich urianium (in apparent disagreement with virtually everyone else).
Russia is signing weapons supply agreements with Iran and expanding security arrangements and we say nary a word about it.
They also announced that they will build a naval base in Abkhazia, an province in another country which is in rebellion, and who's government is recognized by nobody.
Russia "in self defense" moves mobile missiles to the border of Poland after we deployed an ABM battery there. People do not understand the technology involved. An ABM has no offensive power. If you set off an ABM next to a T72 tank, it wold likely not disable the tank. If you set off a nuke on an Iskander missile, you would destroy an entire city. Our response? "well really we made no response. however we have announced that defence spending will be reduced...
To me, this feels like ... 1935... pacifist posturing, defense cuts, inward looking policies bordering on socialism, while potential opponents gain in strength and confidence.
Russians turn off the gas in Ukraine, Obama's response, silence. Russias message? to Ukraine, "none of your friends in the west will help you" to the West "we can turn off your heat whenever we want, remember this when you set your foreign policy".
In Iraq, Obama set a timetable to leave. I hope he is right. Bush handed him a victory in Iraq. It isn't too late for him to turn it into a defeat.
Pakistan's new government is showing itself to be weak and indecisive. I hope a stronger role in Afghanistan helps resolve this situation... I hope Obama can stay the course and that the military has decisive leadership on the battlefield.
And on Torture Michael, I have followed your articles for years. I think we need to define what torture is and work within that framework.
Michael thankyou for being a voice of reason that helps filter out the shrill political rhetoric.
