Reality vs. The Media

(above: fickle Americans warm to the F Goldman, F AIG and soon to be F OBAMA slogans of The Angry Trader)

As we hit the 200 day mark into the Obama administration's tenure some interesting poll statistics and commentaries surfacing. Here is a video from CNN yesterday highlighting their Poll wherein Obama is now receiving a C+ rating:

The New York Times, however has taken a different approach (one that included using knee pads to blow the President) and must be on peyote as their headline today reads, "As Economy Turns, Washington Looks Better." You can read the full B.S article here:

http://www.nytimes.com/2009/08/08/business/08leonhardt.html?hp=&adxnnl=1&adxnnlx=1249740091-EkLc9REcO8uUOHFdhPt2JQ

Let me say this--the economy is improving the way your stomach and bowels improve the day after you start to take stomach medicine, and you no longer have explosive diarrhea but now are just left with the runs every time you eat something other than plain bread. Got the idea??

Other polls out during the week highlight Obama's approval ratings have sunk to 50%: http://www.foxnews.com/politics/2009/08/06/obamas-approval-rating-drops-percent-poll-shows/

More interesting to me was the D rating a selection of money managers, economists and corporate CEO gave the president yesterday.

The harsh reality is the bloom is quickly coming off the rose. Americans have a low tolerance for pain and conversely want instant gratification. I know I do. Unfortunately that cannot happen given the current environment.

One last thought: Nancy Pelosi has become the "Where's Waldo" of the Democratic Party. She must be getting another face lift.

(first on Nancy's health care agenda: iron-clad, in writing, guaranteed 3X/year plastic surgery)




















--The Angry Trader

F AIG and F Goldman

It sickens me to constantly be reminded that GS is back to crushing it. Don't get me wrong--I am a capitalist and I play the game every day to make money.

However, when the playing field is not level, that makes for some unfair and interesting dynamics. It also really pisses me off.

AIG yesterday swung to a $1.8B profit. Are you friggin kidding me? This mutt should be dead and buried along with Goldman in adjoining plots. Darwin must be rolling in his grave.

Will the masses be outraged when we are mired in the years to come with no true growth? Will they be outraged as they watch America, the global empire shrink as China and India take the lead?

We all laugh at Brittan. We kicked their asses in 1776 and that was the end of the empire. Can't you hear the Chinese already starting to chuckle?Will the masses be outraged when we are struggling to understand a jobless recovery and high inflation? Will they even understand what stagflation is?I am already outraged. Why aren't you?



Past and present administrations messed with financial DNA. They altered "survival of the fittest" by doing what they thought was right. The implications are on the horizon, but it seems that few if any are truly seeing what is out there because of their rose tinted glasses.I do not hold any positions in any names mentioned in this article/rant.

Oh...and one last thing... F IRAN too!

--The Angry Trader