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  • Biggest Political Gamble of the Decade

    Last Wednesday, President Obama implored Congress to pass his latest healthcare plan, even if by only a majority vote (51) in the Senate - the process known as 'reconciliation' - despite the fact that a majority of Americans oppose the plan. Democrats appear willing to pass the sweeping healthcare plan even though polls show they could lose their majority rule in the House of Representatives in the November elections. President Obama doesn't seem to care either.

    This week, we look at the details of Obama's latest healthcare proposal and ponder why he and the Democrats in Congress believe they are smarter than we Americans are, and why they are willing to risk everything to pass their government-run healthcare plan, when they really should be focused on the economy and creating jobs. And I've got some great poll results on healthcare - such as 57% think it will 'hurt the economy' and 61% want Congress to 'start over' - and a really good editorial at the end.

  • Healthcare Reform Designed to Fail

    The Senate is set to vote on its version of health care reform, possibly as early as Christmas Eve. If they do, it will be the worst Christmas present ever for the American taxpayer. The last-minute negotiations to obtain enough votes to prevent a Republican filibuster have transformed the bill from an ill-conceived attempt to reform health care to a horribly complex piece of legislation laden with exemptions, special deals and downright payoffs for certain states.

    The current push to pass a health care reform bill - any bill - has exposed the seedy underbelly of American politics. However, this is nothing new. What bothers me most about these health care bills being jammed down our throats despite public opposition is that whatever is in the final bill, it is bound to fail. In fact, you might say it's been designed to fail.

    This week, I'm going to reprint two very good articles, one from Accuracy in Media (AIM) and one from Dick Morris that discuss the major problems with the current healthcare bill before the Senate. Note that these articles were written prior to the late-night negotiations (or, more accurately, bribes) that occurred this past weekend, but they still paint an accurate picture of the health care debate.

    Since this is the last E-Letter before Christmas, I also want to take this opportunity to thank all of my loyal readers and clients and wish you a very Merry Christmas or Happy Hanukkah.

  • Obama's Judges vs. Republican Opposition

    Since I began writing this E-Letter in 2002, I have always maintained that politics and investments are joined at the hip. The political "solutions" coming out of Washington to address the subprime debt crisis and resulting credit crunch should be more than enough to prove this thesis. This week, I'm going to discuss a political issue where the tie to investments may not be as evident, but it's there. The issue is the potential for liberal judicial appointments during the Obama presidency, and how these may change the legal landscape. President-elect Obama is already on record as supporting the "living document" interpretation of the Constitution, and so will likely favor jurists who share this viewpoint. This could mean more "legislating from the bench" and other forms of liberal judicial activism. If so, all I can say is hold onto your pocket books!...
  • The Democrats' Plan To Highjack Your 401(k)

    Well, election day is upon us. While the mainstream media would have us believe that the results are a foregone conclusion in Obama's favor, recent polls have indicated a narrowing of his lead over McCain in some battleground states. Obviously, we'll all just have to wait and see how the votes turn out. In the meantime, I think it's important that we conservatives notice some of the trial balloons that are being floated by the Democratic leadership. One recent proposal that would eliminate the favorable tax treatment of 401(k) plans shows us that, no matter how the election turns out, we have plenty to fear from the liberals who are already in office....
  • The Economy, The Electoral Map & The United Nations

    This week we hit several topics, beginning with the latest economic news which suggests we will not fall into a recession this year - but 2009 could be another story. Next, we ponder the stock market and whether the July lows were a bottom. We then move on to the latest analysis of the Electoral Map and pinpoint the key states McCain has to win if he is to be elected president, and I also offer my thoughts on McCain's surprising choice for VP. Finally, and most importantly, we take a close look at the Democrats' new Party Platform which contains several very troubling intentions. You need to read this article from AIM and pass it on! Let's get started....
  • The Incredible Shrinking Republican Base

    Now that Obama appears to have a lock on being the Democratic candidate for president, we now shift our focus to John McCain. We all know that McCain is no conservative - not by a long shot. However, the real question is how the Republican "base" will vote, if they vote at all. For years, this base has been made up of white, married Christians, but there are indications that the Republican base may be changing. If so, the 2008 election may offer us a glimpse into the future of Republican politics. This week, I will reprint a very interesting article by Dr. Alan Abramowitz that discusses the shrinking Republican base. After that, I'll offer my own analysis of the situation....
  • Democrats' Conundrum - Should Hillary Drop Out?

    The Democratic presidential race continues to heat up following Hilary's recent win in Pennsylvania. Yet Obama still leads her in pledged delegates and in the popular vote (excluding Florida and Michigan). Due to the Dem's system of "apportionment" - wherein both candidates get some portion of the delegates, unlike the GOP's winner-take-all system - the race is now pretty much a stalemate....
  • Leap Years, The Economy, Stocks & Politics

    2008 is a Leap Year and this Friday, February 29, is "Leap Day." This week, we look at why we have Leap Years, and why it's actually more complicated than you might think. We also explore why the stock market usually goes up and finishes strongly in Leap Years, and the likelihood (or unlikelihood) that will do so this year. We also take a look at the latest economic indicators and whether a recession has begun....