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Posts Tagged ‘Joe Biden’

The Last Shall Be First

January 27th, 2021 No comments

source: GameStop: History Points To A Share Price In The Thousands (NYSE:GME) | Seeking Alpha

The stock market has been on an unprecedented run to the upside over the past 4 years and it looks easy; but people should not be misled; it’s not a place for sissies. Logic doesn’t always play the most important role in determining price movements and there is no such thing as “it should go up” or “it should go down”. I won’t go into the whys and wherefores of market dynamics here; that’s a subject more suitable for people suffering from insomnia.  But there is an interesting drama being played out as we write and that is the activity surrounding a listed company named Gamestop.

Gamestop is a company whose business model is apparently going the way of the former behemoth, Blockbuster Entertainment.  It is a video game retailer which is losing money by the bucket-load due to the proliferation of online video game distribution.  Over the past while, ‘savvy’ traders, attracted by the deteriorating fundamental outlook have been shorting the stock as if the company was going to zero.  As recently as this past August, the stock was treading water at under $4 a share and seemingly destined to collapse as all the smart guys complacently anticipated their imminent demise.

Well whaddya know, due to some arcane mechanics tied to a huge short positon and the actions of some smart traders, the stock recently traded as high as $350 a share! Nothing has changed in the company, the fundamental circumstances are the same, which is to say bleak.  But….with the revived stock price, the company all of a sudden has a life due to forces beyond any internal change.

What does this remind us of?

The political version of Gamestop is Joe Biden.  Consider the fundamentals, and these are facts, not opinion:

Was caught cheating on his grades in Law school

Lied about his scholarships

Plagiarized speeches

Has been on the wrong side of every foreign policy issue in almost 50 years of being in government

Collaborated with foreign governments including China and the Ukraine

Provided cover for and exerted influence for his drug addled son.

Cannot make a coherent speech without a teleprompter

Cannot attract enough people to fill a Volkswagen van for his speeches

And….BECOMES PRESIDENT OF THE US! Joe Biden is Gamestop personified.  Some clever people have managed to take this disaster of a candidate and place him into the highest office in the world.  If nothing else, Joe Biden is a grotesque Horatio Alger story and is an inspiration for all those that have never achieved anything in their lives and have botched up everything that they’ve attempted.  In the most perverse way, Gamestop and Joe Biden demonstrate why the allure of America is so great.

The logic of both Gamestop and Joe Biden are stupefying on the surface, but as we know, process trumps logic. The takeaway from these two events is that in life, playing the game is more important than having the best cards.

 

Categories: Culture, Politics Tags: ,

Well If Joe Can Do It….

October 20th, 2020 No comments

source:  https://www.foxnews.com/politics/mark-meadows-hunter-biden-romania-burisma-emails.amp

At this time, hundreds if not thousands of people are thinking to themselves; well if he can do it, I certainly can! We are referring of course to running for public office; not necessarily for the highest job in the land, but for any political office.  Who knew that not only is the bar set very low, but that there’s barely a chalk line in the sand.

The phenomenon that is Joe Biden has created an epiphany for those out there who have no real life skills and have made nothing but bad decisions in their lives.  For a guy like Joe to aspire to run for public office of any kind, much less the Presidency of the United States, is chutzpah of the highest order.   According to all of the recent revelations about his life’s escapades, he has enough skeletons in his closet to fill a small gym.  This should be ample encouragement for every individual out there with only minor blots on their life record such as a murder conviction or an assault allegation, to overcome their reticence and just run for public office.  It’s like those TV commercials offering you instant loan approval even if you’ve been bankrupt.  Your credit is good!

In fact, from observation, moral rectitude of any kind is actually an impediment to holding successful public office.  The ones that seem to survive the longest at the public trough all have common characteristics.  Many are lawyers, but graduating at the bottom of a class of 3000 from a mail order law program is all that’s needed.  You don’t need to actually practice law, only have it on your CV.  These people often have little tether to reality as their arguments are so preposterous that they’ll deny having made them once confronted.  Their only real skill is to be predictably mendacious on any issue of importance and to be able to take both sides of an issue with a straight face.  John Kerry of course is the poster boy for this trait with his infamous ‘I was for the war before I was against it’ comment.

Joe Biden however, is the new gold standard for political aspirants who never thought their flawed lives would allow them a chance at holding public office.  With a totally straight face, he tells those who will listen, that after 47 years, virtually his entire adult life, spent in the offices of government and having achieved zero results of any kind, that he will now have the solution to all the problems that America faces.  A man who has never run a business or signed a paycheck somehow has the ability to run the planet’s largest and most complex economy but has been keeping it secret for all these years.  A man who has been recorded as being on the wrong side of every current social issue is now taking the other side as their champion.  The most damning recent revelations now show a man who is supposed to be the champion for the American people being caught red handed accepting graft from foreign nations.

In a sane world, any hint of even one of the transgressions attached to him would disqualify him from getting voted dog catcher in any backwater town in the nation.  But in today’s world, the tactic is to wave them off, characterize them as Russian lies and have the media play clean up.  Joe Biden is hardly the only person in public office to hold so many of the characteristics that regular people find reprehensible.  It’s just that’s he’s so damn good at it and he is perfect for a gullible public.

 

Categories: Politics Tags: