Daniel Halper of the weekly Standard on-line writes that “According to the official White House schedule, The Vice President and Dr. Jill Biden will be in Rehoboth Beach, Delaware for the week.”
Halper notes that it’s the second week-long vacation for the VP in two months and likely to fuel ideas that the incumbent’s considering dropping him from the ticket. He goes on to report that “Biden's frequent errors and gaffes in office and on the campaign trail have been the source of much consternation for the Obama administration, and have resulted in strong calls for Biden to be dropped from the ticket.”
I mention this because I predicted that this was going to happen the very day it was announced that Bill Clinton would play a major role in the upcoming Dem convention, which I believe could only happen if his cooperation was bought by offering Biden’s job to Hillary. And I believe that to be the only case that makes sense, whereas I think the incumbent and Willy hate each other quite openly. So, I just wanted to go on record again as to having seen this coming from day one.
Another happening that’s worth some keystrokes is the surging of all three major stock markets, which I find interesting because the general economic news isn’t really very good. In fact, some guru’s think it’s actually quite the reverse.
Unemployment increased a tick in July over June, oil prices are increasing, many major employers are planning future layoffs due to flat sales and increasing health care costs caused by the new taxes are causing businesses to trim or drop expansion plans. What's more is that many with higher profits are achieving them through improved efficiency, not from growth in domestic sales.
And what all of that says to me is that major players in the markets are anticipating some kind of stimulus or additional money-printing plan from the Fed. However, at almost $16 trillion in the hole already, how much can there be left to throw away?
So, although I’m no economic expert by any means whatsoever, simple common sense says that this time around those investors are really playing with fire, and unfortunately like always, little guys who roll with the tide are very likely going to get burned again.
That’s it for today folks.
Adios
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