Nobel Peace Prize laureate, President Obama, has been out-bushing Bush on every account; and; while he is on track for a second mandate, it's important to note that:
- he has been waging more wars than any other presidents in the past, W Bush included
- he has been attacking civil liberties more than any other presidents in the past, W Bush included - in case you forgot, he renewed Guantanamo, the Patriot Act, and also create the shiny new Preventive Detention act.
- he has been spending more than any other presidents in the past, with a yearly budget deficit always above $1 Trillion
- he has been, contrary to all impressions, the friendliest President to banks and big oil in history. And I'm not the one saying this latter one:
(Yahoo) The polls suggest President Obama will be re-elected. While there's a legend surrounding the 1980 election when Ronald Reagan overcame a huge poll deficit in September of 1980, the truth says otherwise.
The reality is a sitting President polling as highly as Obama is now is all but certain to regain the White House.
Scott Bleier, the founder of Create Capital, visited Breakout to debunk another bit of conventional wisdom. "Obama has been the friendliest President to banks and big oil in history," he states in the attached video. "Wall Street secretly loves Obama."
Bleier doesn't intend to make a political statement. His point is that markets have blasted off under Obama at the hand of "free money" from the Federal Reserve. While the Fed and Executive Branch are supposedly independent of one another, Wall Street believes it. Certainly the Fed's recent decision to launch another round of Quantitative Easing, triggering a quick 2% rally did nothing to belie these suspicions.
"Obama's a shoe-in unless the market crashes two weeks before the election," says Bleier. "This guy's got it locked up."
But I'm sure none of Obama's supporter care for this a minute. Simple minds or ideologists who believe that "this time will be different" will always get crushed.
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