Editor’s Note: Today’s Wealth Daily comes from Angel Publishing Founder and President Brian Hicks. In it, Brian explains how President Obama’s actions — or rather, inaction — may lead investment markets to a rally comparable to the tech boom of the 1990s.
Next week, I’ll be sending you my new gold research, in which I name three major gold companies expecting to increase gold production this year… and what this could mean for investors. I’ll also be giving you the name of another company that expects to more-than-double gold production from 500,000 ounces to 1.1 million ounces per year — and more. You’ll get it all next Friday.
Good investing,
Luke Burgess
Editor, Wealth Daily
Investment Director, Hard Money Millionaire
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The late, great filmmaker Stanley Kubrick wrote in Paths of Glory, "You’re an idealist, and I pity you as I would the village idiot."
It must be tough these days being an idealist. Or a socialist. Or even a Democrat.
I just read an absolutely great piece of idealist anger against Obama titled "How to Squander the Presidency in One Year." We know the Tea-partiers and Independents are fed up with Obama, but this excoriation of the man and his presidency comes from the extreme left.
It’s a rather long diatribe, which is indicative of the author’s anger and disappointment in Obama. But if you get a chance, I highly urge you to read it. It’s both scary and enlightening about how the left wants to "change" America… and more specifically, change you.
One of the funniest and personally satisfying charges leveled against Obama in the article is the following:
A related brilliant move is to mobilize a giant army of passionate volunteers dedicated to putting you in the White House, and then do nothing with them once you get there, other than taking them completely for granted and never calling upon them to do anything in support of your agenda. Be sure to deflate their enthusiasm in every way possible.
I love it.
And here’s where it gets downright nasty…
While you’re at it, if you’re trying to run the most failed presidency ever, a really good idea is to campaign in the grandest terms possible, and then deliver squat. You know, talk about bending the arc of history. Invoke Martin Luther King’s dream and his struggles and even those of the slaves. Ring the big bells of generational calling. Remind voters every thirty seconds that the country badly needs "Change!" Then get elected and turn around and continue the policies of your hated predecessor in every meaningful policy area. Only with less conviction. People will love that.
I love it so.
By the way, I have a question for the naïve and delusional who I argued with prior to Obama taking office. When you didn’t believe me when I said that he could never live up to the expectations… let me ask you this: "How do you like Obama now?"
But wait a minute…
I don’t want to rub salt in your socialist wound. Believe me when I say I feel your pain. I really do.
After all, there was so much promise in Obama… so much hope. This was your chance to stick it to the rich… an opportunity to implement real change… to provide health care to everyone… to make everybody equal… to make America great again, respected by the world community.
Now it’s all squandered away — gone in a year!
Look, before you start sobbing in your cup of Utopia, I come to you with some words of encouragement. I’m here to tell you that I’m beginning to like Obama. Yes! I’m starting to like the guy!
You see, his most ardent supporters are now turning on him like a pit bull that hasn’t been fed in three days.
Have you seen Keith Olbermann lately? He’s gone from "most annoying dude" on television to "biggest cry baby" because he didn’t get his way.
And Keith’s not the only one. Rachel Maddow and The Huffington Post are now attacking their impotent, socialist savior for proposing a "spending freeze."
Hey, even Dick Cheney agrees with ya, Rach. Remember that Evil Dick said that "deficits don’t matter… "
Watch here as Rachel Maddow tries to give a lesson in economics to Joe Biden’s economic advisor, Jared Bernstein, over the spending freeze.
But it gets even worse.
Here are a few recent headlines from articles by some heavyweight liberal writers:
* "It’s Official: Obama is an Idiot" – Paul Rosenberg
* "Barack Herbert Hoover Obama" – Brad DeLong
* "Obama Liquidates Himself" – Paul Krugman
But I’m not complaining… not in the least. In fact, I’m downright giddy.
That’s because if I’m right — and if Obama’s health care reform is dead in the water — then the market is about to take off like a Roman candle.
You see, history is repeating itself.
When the Clinton Health Care Bill effectively died in the fall of 1994, the stock market breathed a huge sigh of relief. And the Dow took off like a bat out of hell.
Take a look:
The health care defeat defanged Clinton. He sobered up from the coffee house agenda he was pursuing. In terms of policy, he did nothing for the rest of his tenure… largely because he was president during a time of divided government. Wherever divided government exists, liberty thrives, both economic and personal.
Obama is now staring at a potentially similar situation.
If Obama gets no major social policy passed in the next three years, the market will rally big time. Mark my words.
So here’s what I want. Obama… please keep fighting the good fight… keep doing what you’re doing. Because it’ll be bad for you and your idealists, but good for American investors.
Now that’s change you can believe in.
Profitably yours,
Brian Hicks
