A lone gunman with an assault style AR-15 semi-automatic rifle opened fire in a Parkland, Fla., high school killing 17 (mostly students) and wounded 14 others. It was the most deadly school shooting in over five years. The type of rifle used was banned by the Clinton administration for 10 years and the Bush 43 administration allowed the ban to die without renewal. Such rifles should never be allowed on the streets of America.
The Clinton ban worked and our law enforcement community loved it. The law, known as the Brady Bill was named after James Brady, President Reagan's press secretary who was severely wounded during the assassination attempt of President Reagan. Reagan and President George H.W. Bush could never get such a law passed but Clinton did, and he did not have the baggage drag of the NRA. It was also the Clinton administration that put and paid for 100,000 new police officers in the streets for local police departments across our nation. The Bush 43 administration also let that expire. Clinton's actions on keeping America safe went a lot farther than his opponents rhetoric.
The reaction to the Florida shootings by Trump and those in congress controlled by the NRA and the gun lobby were the same as the record mass shooting and killings in Las Vegas last year. "Condolence and Prayers" which does not solve the problem of assault style weapons of war that can do so much damage in a short period of time in the hands of civilians. President Trump has fallen plenty short in rejecting violence and hate groups and is a divisive President who respects no one. It would be a help when he goes to Florida next week to visit with the families of those parents who lost love ones in the shooting to announce that he is going to ask congress to once again pass an assault weapons ban bill with no sunset provisions.
That would be the least the President should do if he really rejects violence and hate. The American people will find out soon enough just where he stands after another mass shooting on his watch.
This commentary written by Joe Lorio
Friday, February 16, 2018
Wednesday, February 14, 2018
Governor Edwards Calls Another Special Session Of The State Legislature.
Louisiana's governor Edwards is determined to make progress in bringing the state's budget and fiscal problems under control and called another special session of the legislature to do so. The special session will run from Feb. 19 through March 7 to address a reported $994 million short fall for the next fiscal year which begins July 1. The regular session of the legislature will start on March 12 and run through June 4.
Edwards understands the state can not solve its long term fiscal problems with budget cuts alone. The state has been there and done that and it has not worked. The republican controlled legislature has to end its foolishness and adopt sound fiscal answers to the problem their extreme attitude is responsible for. The conservative rhetoric on the budget represents fake news and its time for them to start thinking of the state and its people's best interest.
The special session and regular session is plenty enough time for the republicans to come to their senses and work with Edwards and his recommendations on solving the long term budget and fiscal problems of the state that have gone on for to long. The republicans time is up.
This commentary written by Joe Lorio
Edwards understands the state can not solve its long term fiscal problems with budget cuts alone. The state has been there and done that and it has not worked. The republican controlled legislature has to end its foolishness and adopt sound fiscal answers to the problem their extreme attitude is responsible for. The conservative rhetoric on the budget represents fake news and its time for them to start thinking of the state and its people's best interest.
The special session and regular session is plenty enough time for the republicans to come to their senses and work with Edwards and his recommendations on solving the long term budget and fiscal problems of the state that have gone on for to long. The republicans time is up.
This commentary written by Joe Lorio
Tuesday, February 13, 2018
LABI and Laura Ingraham Deserve Each Other
And it all fell into place when LABI (Louisiana Association of Business and Industry) invited Ingraham to be their keynote speaker at their annual meeting last Thursday in Baton Rouge. Ingraham is a conservative right wing radio and TV personality who appears regularly on the Fox News Network That is the network who has the sexual harassment problem. And true to form Ingraham was inflammatory in her comments.
One would think LABI, a business association would be above it all and invite a keynote speaker that would make the association and its business members proud with positive comments. They knew very well of Ingraham's divisive political attitude and personal attacks and her alignment with the hate spread by Donald Trump. The Times Picayune reported that a few hours after her speech, the association sent out a statement trying to disassociate itself from her remarks but it won't wash. The association knew very well what Ingraham represented.
LABI has never been a good friend to the state or its people. It is the largest business organization in Louisiana and its main theme is to continue the corporate welfare tax breaks its members receive from the state legislature. It is also a conservative leaning organization who supported former governor Bobby Jindal's failed business policies and his failure to balance Louisiana's budget And to top it off, Jindal left office with the Louisiana unemployment rate much higher than when he took office. That probably did not matter to LABI.
LABI's invitation to Ingraham to be their keynote speaker tells one just how low this business organization was willing to stoop. And that really says it all.
This commentary written by Joe Lorio
One would think LABI, a business association would be above it all and invite a keynote speaker that would make the association and its business members proud with positive comments. They knew very well of Ingraham's divisive political attitude and personal attacks and her alignment with the hate spread by Donald Trump. The Times Picayune reported that a few hours after her speech, the association sent out a statement trying to disassociate itself from her remarks but it won't wash. The association knew very well what Ingraham represented.
LABI has never been a good friend to the state or its people. It is the largest business organization in Louisiana and its main theme is to continue the corporate welfare tax breaks its members receive from the state legislature. It is also a conservative leaning organization who supported former governor Bobby Jindal's failed business policies and his failure to balance Louisiana's budget And to top it off, Jindal left office with the Louisiana unemployment rate much higher than when he took office. That probably did not matter to LABI.
LABI's invitation to Ingraham to be their keynote speaker tells one just how low this business organization was willing to stoop. And that really says it all.
This commentary written by Joe Lorio
Monday, February 12, 2018
Another First For PolitiDose
This writer for the past 9 years has written commentary showing how precedent can be used to judge what administrations are best at governing concerning the economy, job creation, balancing the federal budget, creating surpluses, lower unemployment, lower deficit spending, keeping America safe, lower increases in the national debt, overall reduction in spending and precedent and facts tells us it is the democratic party. But one never hears that from the republicans or the news media in general or the financial sector.
Now comes Mr. Sam Stovall, Chief Investment Strategist for the research firm CFRA who reports that every republican President since Teddy Roosevelt (yes you read that right) has experienced a recession in his first two years in office. And that 9 of the past 10 recessions in history have begun with a republican in the White House and that republican Presidents Eisenhower, Nixon and George W. Bush have presided over multiple economic contractions. Of course the readers of PolitiDose have known democratic administrations have managed the economy much better than republican administrations and over a long period of time and it was read right here first in PolitiDose long ago.
The news media and republicans have been able to convince a good share of voters that it is republican administrations that handle the economy best and facts don't seem to be the news medias interest on the subject matter. They know the failures of Reagan and Bush's trickle down economics tax cuts but still pushed the Trump-GOP's recent tax cut scheme without real comments about the republican party's past sad record on the economy and tax cuts.
Mr. Stovall's comments are a little late but welcome and better late than never with the facts. PolitiDose will continue to bring the facts to the people to balance the lack of good reporting by the news media in general, the fake news that comes out of the republican party and the financial industry. And it should be worthwhile to repeat again in PolitiDose what Mr. Stovall failed to report that goes along with the republican party's sad record. The three worst bank failures took place on the watch of Herbert Hoover, Ronald Reagan and George W. Bush. And like the economic failures that took place on the republican watch alluded to by Mr. Stovall were not just a coincident.
Those who are willing to accept the facts will not be surprised if the country goes into another recession on Donald Trump's watch.
This commentary written by Joe Lorio
Now comes Mr. Sam Stovall, Chief Investment Strategist for the research firm CFRA who reports that every republican President since Teddy Roosevelt (yes you read that right) has experienced a recession in his first two years in office. And that 9 of the past 10 recessions in history have begun with a republican in the White House and that republican Presidents Eisenhower, Nixon and George W. Bush have presided over multiple economic contractions. Of course the readers of PolitiDose have known democratic administrations have managed the economy much better than republican administrations and over a long period of time and it was read right here first in PolitiDose long ago.
The news media and republicans have been able to convince a good share of voters that it is republican administrations that handle the economy best and facts don't seem to be the news medias interest on the subject matter. They know the failures of Reagan and Bush's trickle down economics tax cuts but still pushed the Trump-GOP's recent tax cut scheme without real comments about the republican party's past sad record on the economy and tax cuts.
Mr. Stovall's comments are a little late but welcome and better late than never with the facts. PolitiDose will continue to bring the facts to the people to balance the lack of good reporting by the news media in general, the fake news that comes out of the republican party and the financial industry. And it should be worthwhile to repeat again in PolitiDose what Mr. Stovall failed to report that goes along with the republican party's sad record. The three worst bank failures took place on the watch of Herbert Hoover, Ronald Reagan and George W. Bush. And like the economic failures that took place on the republican watch alluded to by Mr. Stovall were not just a coincident.
Those who are willing to accept the facts will not be surprised if the country goes into another recession on Donald Trump's watch.
This commentary written by Joe Lorio
U. S. Senator Rand Paul: Another Republican Ditto Head Hypocrite.
The so called conservative who represents Kentucky held up the Senate budget vote this past Friday which shut the government down a few hours before he voted no on the bill. His peeve was an increase in domestic spending without spending cuts. He then went on a rhetoric rampage for TV criticizing both republicans and democrats because the budget bill added to the federal deficit and he said conservatives are against deficit spending.
The ditto head hypocrite failed to mention that Trump and the GOP's tax cut scheme that he himself voted for will add $1.5 trillion to deficit spending because the tax cut does not pay for itself with offsets. And that $1.5 trillion in deficit spending he voted for is over 3 times larger than the short fall in the budget he opposed on Friday. He then made the claim the federal government will be going back to the deficits of the Obama administration. Actually Paul got that wrong also because deficit spending went down on Obama's watch year to year compared to the deficits of the Bush 43 administration which still holds the single year deficit record of $1.4 trillion which took place in Bush's last fiscal year. By contrast, the federal deficit at the end of Obama's last fiscal year was $666 billion. That is a big difference than what he inherited from Bush.
Of course the big kicker for Paul and the GOP is what this writer has said for years. They really are not fiscal conservatives. No republican President has balanced the federal budget since Eisenhower in 1960 and no republican President in the last 50 plus years has left office with a smaller deficit than when he took office. But democratic Presidents have and Obama was the last to do so. In other words there is no record of precedent in the past 50 years that can justify republicans as fiscal conservatives.
Fiscal conservative republicans? The truth in fact is that they do not exist including Paul. And Donald Trump who complains about the National Debt and deficit spending has already joined the republicans parade.
This commentary written by Joe Lorio
The ditto head hypocrite failed to mention that Trump and the GOP's tax cut scheme that he himself voted for will add $1.5 trillion to deficit spending because the tax cut does not pay for itself with offsets. And that $1.5 trillion in deficit spending he voted for is over 3 times larger than the short fall in the budget he opposed on Friday. He then made the claim the federal government will be going back to the deficits of the Obama administration. Actually Paul got that wrong also because deficit spending went down on Obama's watch year to year compared to the deficits of the Bush 43 administration which still holds the single year deficit record of $1.4 trillion which took place in Bush's last fiscal year. By contrast, the federal deficit at the end of Obama's last fiscal year was $666 billion. That is a big difference than what he inherited from Bush.
Of course the big kicker for Paul and the GOP is what this writer has said for years. They really are not fiscal conservatives. No republican President has balanced the federal budget since Eisenhower in 1960 and no republican President in the last 50 plus years has left office with a smaller deficit than when he took office. But democratic Presidents have and Obama was the last to do so. In other words there is no record of precedent in the past 50 years that can justify republicans as fiscal conservatives.
Fiscal conservative republicans? The truth in fact is that they do not exist including Paul. And Donald Trump who complains about the National Debt and deficit spending has already joined the republicans parade.
This commentary written by Joe Lorio
Saturday, February 10, 2018
The Democratic Party Won The Latest Budget Battle In Congress For America and Its People
Make no mistake about it, the democratic party won the latest budget battle in congress early Friday morning when the U.S Senate voted and passed a two year budget 71-28 which was then passed by the U. S. House 240-186. President Trump signed off on the legislation soon after passage. The democrats in both houses of congress supplied the votes necessary to pass the legislature. It was a complete reversal of the previous republican senate bill which failed and shut down the government for 3 days. It failed because it was a partisan republican bill that denied the democrats their priority and input and a debate on DACA.
But this time around the democrats were able to fund their priorities for the people and received assurance that DACA and immigration reform would be taken up next week with democratic debate and input. The budget bill that passed was a long term 2 year budget that democrats demanded instead of operating the government with CR's as the republicans wanted to continue to do. Increase funding for health care, including the children's health care funding which was in jeopardy of expiring, Medicaid, infrastructure, victims of last years hurricanes and fires which were never fully funded, FEMA, the military and other domestic needed programs were fully funded. Prior to the bills passage Trump and the republicans in congress wanted to only increase defense spending and reduce domestic spending. The bill that was passed was truly bi-partisan and a victory for the people because the democratic party in congress stood tall.
Just how huge was the democrats ability to have the senate agree to take up the debate on DACA and immigration reform starting next week? Well lets test ones memory. President George W. Bush wanted to take up immigration reform but his party refused to do so during his eight years in office. The republicans controlled the U.S. House for 6 years under the Obama administration and refused to take up immigration reform. It even allowed an immigration reform bill passed by the democratic controlled Senate in 2013 to expire with out even taken the bill up for debate.
And of course the U.S. Senate has been controlled by the republicans for the last 3 years and never took up immigration reform and not even in Trump's first year in office even though Trump and his party said it would be a priority And to make the subject matter worse Trump, as of this writing has yet to send his own immigration reform plan to congress That caused republican majority leader in the Senate Mitch McConnell to say two weeks ago he did not know what Trump's plan was. So the democratic party pushed successfully to bring a public debate to the issue which will begin next week. That is huge considering the republican party's rejection of such a debate for the past 17 years. We will now find out if the republican party is ready to govern and be bi-partisan on this issue.
Trump immediately after signing the newly passed bill struck out against bi-partisanship. He was mad because the democrats were able to increase domestic spending that went against his wishes of only increasing defense spending to record levels and his plan to slash domestic spending. He urged the people to elect more republicans in the Nov. elections. Trump, the autocrat, does not like bi-partisanship nor does he like democracy. One can also look for Trump to do his best to undermine the coming immigration debate.
The trumpet man also used the bill to lash out against funding for the domestic programs by saying that it will swell the federal deficit. Well, nothing will come close to swelling the federal deficit as much as Trump's tax scam for corporate America and the huge increase in defense spending. The lies just keep rolling out of Trump's mouth like water. Unfortunately there are no TV hosts who are up to date on fiscal matters to correct the trumpet man. But PolitiDose will because PolitiDose knows the facts. Yes, the democratic party stood tall for the country and its people in this budget, make no mistake about it. So stay tuned to PolitiDose, your daily dose of political commentary.
This commentary written by Joe Lorio
But this time around the democrats were able to fund their priorities for the people and received assurance that DACA and immigration reform would be taken up next week with democratic debate and input. The budget bill that passed was a long term 2 year budget that democrats demanded instead of operating the government with CR's as the republicans wanted to continue to do. Increase funding for health care, including the children's health care funding which was in jeopardy of expiring, Medicaid, infrastructure, victims of last years hurricanes and fires which were never fully funded, FEMA, the military and other domestic needed programs were fully funded. Prior to the bills passage Trump and the republicans in congress wanted to only increase defense spending and reduce domestic spending. The bill that was passed was truly bi-partisan and a victory for the people because the democratic party in congress stood tall.
Just how huge was the democrats ability to have the senate agree to take up the debate on DACA and immigration reform starting next week? Well lets test ones memory. President George W. Bush wanted to take up immigration reform but his party refused to do so during his eight years in office. The republicans controlled the U.S. House for 6 years under the Obama administration and refused to take up immigration reform. It even allowed an immigration reform bill passed by the democratic controlled Senate in 2013 to expire with out even taken the bill up for debate.
And of course the U.S. Senate has been controlled by the republicans for the last 3 years and never took up immigration reform and not even in Trump's first year in office even though Trump and his party said it would be a priority And to make the subject matter worse Trump, as of this writing has yet to send his own immigration reform plan to congress That caused republican majority leader in the Senate Mitch McConnell to say two weeks ago he did not know what Trump's plan was. So the democratic party pushed successfully to bring a public debate to the issue which will begin next week. That is huge considering the republican party's rejection of such a debate for the past 17 years. We will now find out if the republican party is ready to govern and be bi-partisan on this issue.
Trump immediately after signing the newly passed bill struck out against bi-partisanship. He was mad because the democrats were able to increase domestic spending that went against his wishes of only increasing defense spending to record levels and his plan to slash domestic spending. He urged the people to elect more republicans in the Nov. elections. Trump, the autocrat, does not like bi-partisanship nor does he like democracy. One can also look for Trump to do his best to undermine the coming immigration debate.
The trumpet man also used the bill to lash out against funding for the domestic programs by saying that it will swell the federal deficit. Well, nothing will come close to swelling the federal deficit as much as Trump's tax scam for corporate America and the huge increase in defense spending. The lies just keep rolling out of Trump's mouth like water. Unfortunately there are no TV hosts who are up to date on fiscal matters to correct the trumpet man. But PolitiDose will because PolitiDose knows the facts. Yes, the democratic party stood tall for the country and its people in this budget, make no mistake about it. So stay tuned to PolitiDose, your daily dose of political commentary.
This commentary written by Joe Lorio
The Scandals Continue Unabated In The Trump White House
Thirteen months in office President Trump and members of his White House staff continue to created scandal after scandal. This time it is the trumpet man's staff secretary Rob Porter who was forced to resign after months of alleged sexual abuse by two of his former wives. The allegations were known for some time by Trump's team members, including Trump's special council according to reports.
Trump wished Porter well and that Porter denied the allegations. However, both of Porter's previous wives came out in public with the details and with the FBI. Abusing women is nothing new to the Trump White House as Trump himself said on tape, as a star he could do any thing he wanted with women and could even grab them by the you know what. That came from the trumpet mans own mouth and thru his own lips. And of course Trump has also been accused by 19 women of past sexual harassment.
Trump's moral corruption continues to change the White House as a place of honor made possible by previous administrations that understood what America's institutions are all about. So much damage to America and its political system in such a short period of time by a President who is only interested in his own ego. One can be sure it will not be the last White House staff member who has to resign. The atmosphere at the White House will never change as long as it is occupied by Donald Trump.
This commentary written by Joe Lorio
Trump wished Porter well and that Porter denied the allegations. However, both of Porter's previous wives came out in public with the details and with the FBI. Abusing women is nothing new to the Trump White House as Trump himself said on tape, as a star he could do any thing he wanted with women and could even grab them by the you know what. That came from the trumpet mans own mouth and thru his own lips. And of course Trump has also been accused by 19 women of past sexual harassment.
Trump's moral corruption continues to change the White House as a place of honor made possible by previous administrations that understood what America's institutions are all about. So much damage to America and its political system in such a short period of time by a President who is only interested in his own ego. One can be sure it will not be the last White House staff member who has to resign. The atmosphere at the White House will never change as long as it is occupied by Donald Trump.
This commentary written by Joe Lorio
Friday, February 9, 2018
The Winter Olympics In South Korea: What Will It Portend, If Any Thing At All
The opening ceremony of the winter Olympics in South Korea is upon us and the world will be watching. We know the leaders of both countries have already joined hands and will field teams in the competition. Some teams will be a mixture of both the North and the South we are told and both countries leaders say the event is the vehicle to future dialog.
So what will the Olympics portend for the future of the Korean peninsula in terms of cooperation and a move toward better relations between the two countries. Will North and South come to the conclusion that they themselves are capable of solving the problems that now exist without outside help. What if they agree that the DMZ is no longer necessary after 65 years in operations and that the North and South agree on a peace treaty with enforcement that would lead to the first step to unify the two countries.
What if North Korea agrees to abandon their nuclear weapons if South Korea informs the United States all American military troops and bases have to leave that country. Both the North and South have kept the armistice that has been in effect since 1953. Both know a miscalculation could start a war neither one wants and would have the potential to be catastrophic to both. South Korea's President is on record as saying he has a veto over the U.S. starting a war with the North.
The bottom line is that both North and South Korea have the ability to unite their countries and China, Russia and the United States would take a diplomatic beating because they themselves failed the test to be constructive concerning the Koreas for so long absent of any original thought. So, will any of this take place with the North and South? We do not know the answer, but some of those issues covered herein could actually take place. The fate of North and South Korea would be best decided by its own people for a true and lasting peace.
This commentary written by Joe Lorio
So what will the Olympics portend for the future of the Korean peninsula in terms of cooperation and a move toward better relations between the two countries. Will North and South come to the conclusion that they themselves are capable of solving the problems that now exist without outside help. What if they agree that the DMZ is no longer necessary after 65 years in operations and that the North and South agree on a peace treaty with enforcement that would lead to the first step to unify the two countries.
What if North Korea agrees to abandon their nuclear weapons if South Korea informs the United States all American military troops and bases have to leave that country. Both the North and South have kept the armistice that has been in effect since 1953. Both know a miscalculation could start a war neither one wants and would have the potential to be catastrophic to both. South Korea's President is on record as saying he has a veto over the U.S. starting a war with the North.
The bottom line is that both North and South Korea have the ability to unite their countries and China, Russia and the United States would take a diplomatic beating because they themselves failed the test to be constructive concerning the Koreas for so long absent of any original thought. So, will any of this take place with the North and South? We do not know the answer, but some of those issues covered herein could actually take place. The fate of North and South Korea would be best decided by its own people for a true and lasting peace.
This commentary written by Joe Lorio
Thursday, February 8, 2018
It Was PolitiDose Who First Reported Trump's Traitorous Acts
Over a year and a half ago, PolitiDose in a commentary dated 7/31/16 titled, "A Traitor Among Us: Donald Trump, Vladimir Putin and Russia" laid out the reasons why Donald Trump the republican Presidential candidate at the time was a traitor. There were other commentary later concerning the subject matter and now after over a year in office, President Trump is still a traitor. Websters New World Dictionary in this writers possession describes traitor as follows: One who betrays; to hand over, betray; a person who betrays his country, cause, friends, etc.
That is what candidate Trump and President Trump has done over and over again with not only lies but actions. And his greatest betrayal of the country and it people now going on with his rhetoric to destroy the intelligence community the FBI and the special prosecutor in order to undermine a legal investigation of his own actions. He has fired one FBI director because he would not drop his investigation of Trump's national security adviser Michael Flynn who has already pleaded guilty under the investigation.
The traitorous acts of this President continue almost on a daily basis and hit another new low after his State of the Union Address when he accused democrats of treason because they did not applaud his speech. He betrayed congress because of his selfish desire for self adulation. Trump's betrayal of all the positive things President Obama accomplished for the country and its people are staggering, that includes the Iran Nuclear agreement and Trump's rhetoric of Putin being a better leader than President Obama.
The traitorous acts of Trump will become worse as the special council begins his final push to bring the investigation to a conclusion. It will be much worse than Watergate because the traitor in the White House respects no one and especially lacks respect for American democracy, values and the basic rule of law. The first clue to Trump's betrayal was his refusal to make public what every Presidential candidate has done, release his tax returns, a very simple matter, but Trump knew doing so would expose his lies of betrayal.
The era of President Donald Trump will come to an end and one can only hope and have faith that the voting public will realize that the future politics of the country should never again be like the present one.
This commentary written by Joe Lorio
That is what candidate Trump and President Trump has done over and over again with not only lies but actions. And his greatest betrayal of the country and it people now going on with his rhetoric to destroy the intelligence community the FBI and the special prosecutor in order to undermine a legal investigation of his own actions. He has fired one FBI director because he would not drop his investigation of Trump's national security adviser Michael Flynn who has already pleaded guilty under the investigation.
The traitorous acts of this President continue almost on a daily basis and hit another new low after his State of the Union Address when he accused democrats of treason because they did not applaud his speech. He betrayed congress because of his selfish desire for self adulation. Trump's betrayal of all the positive things President Obama accomplished for the country and its people are staggering, that includes the Iran Nuclear agreement and Trump's rhetoric of Putin being a better leader than President Obama.
The traitorous acts of Trump will become worse as the special council begins his final push to bring the investigation to a conclusion. It will be much worse than Watergate because the traitor in the White House respects no one and especially lacks respect for American democracy, values and the basic rule of law. The first clue to Trump's betrayal was his refusal to make public what every Presidential candidate has done, release his tax returns, a very simple matter, but Trump knew doing so would expose his lies of betrayal.
The era of President Donald Trump will come to an end and one can only hope and have faith that the voting public will realize that the future politics of the country should never again be like the present one.
This commentary written by Joe Lorio
Tuesday, February 6, 2018
The Stock Market
Forget all the reasons you have herd on TV and radio as to why the recent stock market sell off took place and set a record for the number of points lost in a single day. All one has to understand is that there are three reasons why the stock market acts as it does. (a) Manipulation, (b) five percent of the people own ninety percent of all stocks and bonds, and (c) the stock market always performs best on the democratic watch.
(a) and (b) above work together. We know the money people can affect the market because a number of them have been convicted of doing so over the years. Some have even served time in prison. (b) are also the people who have the finances to create a sell off or start a buying spree. And both can actually take place when the economy is stable. It happened in yesterdays sell off. Because when there is a seller, there has to be a buyer.
And (c) is a fact of record the stock market has its best years under democratic administrations and its worse under republican administrations. Democratic policies have a more positive influence on the stock market over the long run because economic conditions are better for the general public overall. All the stock market pundits on TV were wrong about the stock market during the Reagan and Bush 43 years and were dead wrong about the Clinton and Obama years that left Reagan and Bush in the dust. And when it is all over, they will be wrong about the Trump years.
It is short or remarkable how so many TV commentators knew so little about the stock market and the fiscal conditions of the states and federal government. Their analysis does not even come close to reality. They remind this writer of sports writers and their hype and clichés. It was a comedy to listen to the various reasons given by TV commentators to Mondays 1100 point loss. And the local New Orleans TV news channels were the worst.
The ups and downs of the stock market are nothing new and will continue. Trump has tried to take credit for the stock market advances the past year and was silent as a jail bird at yesterday's sell off. It demonstrates how this President is willing to pass fake news about the stock market to the people instead of establishing a sound economic policy. What a shame.
This commentary written by Joe Lorio
(a) and (b) above work together. We know the money people can affect the market because a number of them have been convicted of doing so over the years. Some have even served time in prison. (b) are also the people who have the finances to create a sell off or start a buying spree. And both can actually take place when the economy is stable. It happened in yesterdays sell off. Because when there is a seller, there has to be a buyer.
And (c) is a fact of record the stock market has its best years under democratic administrations and its worse under republican administrations. Democratic policies have a more positive influence on the stock market over the long run because economic conditions are better for the general public overall. All the stock market pundits on TV were wrong about the stock market during the Reagan and Bush 43 years and were dead wrong about the Clinton and Obama years that left Reagan and Bush in the dust. And when it is all over, they will be wrong about the Trump years.
It is short or remarkable how so many TV commentators knew so little about the stock market and the fiscal conditions of the states and federal government. Their analysis does not even come close to reality. They remind this writer of sports writers and their hype and clichés. It was a comedy to listen to the various reasons given by TV commentators to Mondays 1100 point loss. And the local New Orleans TV news channels were the worst.
The ups and downs of the stock market are nothing new and will continue. Trump has tried to take credit for the stock market advances the past year and was silent as a jail bird at yesterday's sell off. It demonstrates how this President is willing to pass fake news about the stock market to the people instead of establishing a sound economic policy. What a shame.
This commentary written by Joe Lorio
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