This from MSNBC on Wall Street's woody over the Scott Brown (Republican) upset, the much touted referendum election on "Obamacare" in Massachusetts (Use a spell checker next time, Martha!):
Wall Street watched the election closely. The Dow Jones industrial average rose 116 points, and analysts attributed the increase to hopes the election would make it harder for Obama to make his changes to health care [my italics]. That eased investor concerns that profits at companies such as insurers and drug makers would suffer.
President Obama, a pretty centrist President so far, is like saltpeter to Wall Street tycoons and Joe and Jane speculator; this from some guy named Matthew McCall, "the founder and president of Penn
Financial Group LLC (PFG)":
My fears about the Obama speech were also brought to light . . . as soon as Obama began speaking, the Dow fell from up 200 points to up only 75 points. Thankfully he stopped by before the closing bell rang because as soon as he finished, the market began rallying again and up to the highs of the session.
I've noted the intensity of people's reactions to Obama before. He is the most polarizing political figure since Ghandi and Hitler, as revered as the former and hated and feared as the latter. All the guy has to do is begin speaking for stock prices to go flaccid and stop speaking for stocks to tent sharply in value. We should all buy low when he begins a speech and short sell just as he finishes up. It's as sound investment advice as any other we're likely to get while the nation languishes under the heel of this nightmarish Republican super-minority. Might get rich quick, and that's what it is to love freedom and be a good American.
Martha Coakley (Democrat) sure did her part to defeat herself. Although she would like to be seen as the Nancy Grace of Massachusetts politics, she has apparently mishandled her war on child molestation and sexual predation as badly as she mishandled her campaign for Ted Kennedy's place in the Senate:
Coakley has always been a go-along to get-along kinda gal. During her years as a prosecutor she kept Gerald Amirault behind bars for an extra three years in the notorious Fells Acres sex abuse case despite overwhelming evidence that he was innocent of the alleged crimes. She could not afford to look soft on crime.
The continued loss of Amirault's freedom was merely collateral damage in crafting Coakley's political future. Coakley also dropped the ball when prosecuting a 2005 child rape case involving a local police officer. Despite allegations that the suspect had assaulted a toddler with a curling iron, Coakley opted to let him walk out of jail on personal recognizance. Fortunately, Coakley's successor corrected her mistake and won a conviction and two life terms for the child predator.
Yikes! Besides, fighting sex crime is not the most liberal or progressive thing to be known for, although, when done justly, a worthwhile fight for any public prosecutor. I don't know, but I'm willing to bet my hard-earned dividends and lavish bonus cash that the most underrepresented voters at the polls yesterday were progressive liberals, the forgotten base of the party. We really do need to primary people like her into oblivion.