© 2013 ROHR International, Inc. All International rights reserved.
COMMENTARY: Monday, October 7, 2013.
Load. Lock. Shoot Foot.
No vote in House for ‘clean’ CR. Is this right? …well, ‘correct’ anyway. It’s definitely Right… as in Speaker Boehner’s crushing need to respect the wishes of the politically well-Right of center Republican Reps in the House. And this came out in impressive fashion in Sunday’s political talk shows. Huffington Post’s article and many other sources dispute Boehner’s assertion that the votes would not be there in the House for a ‘clean’ Continuing Resolution (and by implication a clean Debt Ceiling hike... the far more critical horizon.)
And in fact, the entire overreach of first demanding a repeal and then shifting to a delay in Obamacare implementation was such a benighted tactic by the political Right, that it’s dimensions are hard to fathom for anyone but the most politically attuned. And as we have recently noted once again, most Americans are not that politically astute or engaged. And most foreigners simply consider a sign of (as we noted in a recent post) ‘political stupidity’ (thanks to the Financial Times’ John Authers for that one.)
As we pondered the extended damaged to what had been a recently resurgent Republican Party (until now), it just gets worse and worse. The Tea Party faction does indeed have some very good ideas for how to evolve a smaller, more efficient government. Yet the tactics of the party leaders they are pushing for results in Washington DC are burying whatever chance the Republicans may have had to achieve further electoral gains.
Which is why we view all of the sound and fury over the Affordable Care Act (aka Obamacare) being bad law implementing bad policy is likely right in the final analysis. All the more reason the overly ardent, yet poorly thought, approach of the Tea Party’s allies in the House and Senate leadership is indeed a case of…
Load. Lock. Shoot Foot.
2013/10/07: TrendView VIDEO Analysis: Equities, Fixed Income, FX
© 2013 ROHR International, Inc. All International rights reserved.
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TrendView VIDEO ANALYSIS & OUTLOOK: Monday, October 7, 2013.
While the TrendView Videos are from after Friday’s US Close, they remain very relevant for the trend decisions into early this week based on the influence of the US budget impasse. The timeline of the Equities and Fixed Income video opens with the typical short-term and intermediate-term view of the S&P 500 future, the other equities from 04:40, with govvies analysis beginning at 06:40, and short money forwards from 10:30.
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