Quote from hofficita:
Yeah, I could never understand it since he presents himself as a free marketeer and libertarian. That is the only reason I respond to his posts. I feel like he needs an intervention to get him off the Obama crack pipe.
Quote from Cutten:
Can you supply some evidence to back up this absurd and totally false accusation?
Quote from Cutten:
I agree. George Bush and Alan Greenspan have done more to damage free market capitalism than anyone since Karl Marx. The Neocons have made the GOP unelectable for the next 8 years.
This has been the political equivalent of Seppuku. Entirely self-inflicted. That's what happens when you elect a provincial intellectual dwarf as your Presidential candidate.
Quote from Cutten:
Stocks will rally on an Obama victory, just as they did on a Clinton victory.
Quote from Cutten:
Obama and Palin are *inexperienced*. That is entirely different to unqualified.
Apart from that, they have nothing in common. Obama is intelligent and has an excellent educational and academic record. He writes his own (generally good) speeches, has an excellent grasp of policy, is a good listener and picks good quality advisors. He is clearly a competent, intelligent man who would be more than capable of acting on the world stage and being taken seriously. If he wasn't in politics he would be a credible CEO or social leader. ...
Palin is all style, no substance. She was picked as an image/soundbite candidate. If McCain was 10 years younger, it would have been a genius move. At his current age and mental/physical condition, it is enough to make even die-hard right-wingers cross their fingers for the Omabomba.
Quote from Cutten:
Hope. People with little hope (any free-marketeer or Republican/conservative with working eyes and ears right now) often cling to anything remotely resembling a way out of their percieved problems.
The fact is, the gulf in competence between Obama/Biden and McCain/Palin is growing embarrassingly large. It will become more and more important as you approach the election. McCain/Palin know *nothing* about economics and are not trying to learn. Obama knew nothing, but is far more intelligent than McCain/Palin, a fast learner, and has been getting Buffett, Soros and others to brief him for the last year. That's the difference between a smart, competent, fast-rising political player, and amateur noobs (Palin) or ageing has-beens (McCain).
Come election time, people will look at Obama, who will be well-briefed and (for a politician) sound reasonably competent economically, a man who can maybe help get the USA out of its predicament. Biden will deflect "inexperience" charges without stealing the limelight. McCain will sound woefully out of touch and economically illiterate, and Palin will just compound that impression. On speeches and debates, Obama will massacre the Republicans on this hot-button issue.
Quote from Cutten:
You might as well admit it, there are no convincing Republicans at the moment. Almost none of them are intelligent enough to understand the current economic predicament, even when advised properly (and they haven't even sought out any competent advisors). The people who actually understand the current predicament are firmly in the Dem camp e.g. Buffett, Soros, and in many cases they are personally advising Obama.
Quote from hofficita:
"Obama is intelligent and has an excellent educational and academic record. He writes his own (generally good) speeches, has an excellent grasp of policy, is a good listener and picks good quality advisors. He is clearly a competent, intelligent man who would be more than capable of acting on the world stage and being taken seriously. If he wasn't in politics he would be a credible CEO or social leader." -Cutten
"IMO Obama's worst leftist excesses will be jettisoned by himself willingly, and much of the rest will be neutered by Congress." -Cutten
You did indeed praise his intellect and centrism, as I wrote. No doubt he is intelligent, but intelligence means less than nothing without principles. He is no centrist, as you will come to realize going forward.
As for what I do as a trader, I stay out of trouble by not believing anything that comes from a CEO, a salesman, or a politician from Chicago.

Quote from Cutten:
Pabst - all those quotes are simply showing my *assessment* of his political skills and other individual qualities (e.g. speech-making ability, political charisma, intelligence). That is nothing to do with my opinion on his policies or political beliefs, which I have criticized numerous times (see above). None of those show that I *support* him and his views.
If someone in 1925 said that Hitler was skilled at political scheming and power-grabbing, and would take control of Germany and successfully invade Paris, does that mean they supported his views? Of course not. In the same way, predicting way in advance that Obama was the more charismatic, politically astute, intelligent candidate, and would therefore win, does not in any way imply support for his policies. When combined with numerous criticisms of his policy stance, and even his personal ethics, it is indisputable that I did not agree with or support him.
You do understand the difference between a positive and normative statement, don't you? Dispassionate assessment of facts versus moral judgements/opinions? That is after all what traders do for a living. If the facts show a stock is likely to rise, you don't stay flat just because you hate the product.
No one with two brain cells to rub together, and who has read my post history, could *ever* consider I would support the left-wing policies of Barack Obama. I mean, I'm the guy who views George Bush as a big government socialist. Why would I approve of the policies of one of the most left-wing guys in the US Congress? Me agreeing with the bulk of Obama's political views is about as likely as you praising the philosophy of the Black Panthers.
Quote from Cutten:
Since winning the election, the first thing he is seen to do is:
Work to bail out a bloated, hopeless, loss-making corporation
Second thing:
Cancel a free trade agreement with a third world country (way to help the poor and disadvantaged, stop them making a living from exports!)
Obama talked and charmed his way into the presidency. Now he will be judged not on his words but on the effects of his policies. The economy is by far the most important thing right now, and Obama is not exactly looking knowledgeable. Is it possible this guy simply has no clue what he is doing? Time will tell, but the early signs are hardly encouraging.
Quote from Cutten:
Same question to you - where's your evidence that I'm an Obama supporter? I can quote you at least ten posts of mine where I've attacked his policies strongly.
It's amusing you claim I merely "present" myself as a free marketeer and libertarian, where I was on here in March opposing the Bear Stears bailout - you know, the one that Pabst ardently supported. I'm one of the only people on ET who has consistently supported a free market approach to the current crisis, and no one on ET has posted more frequent and thorough defences of the free market philosophy this last year. Certainly I have *never* seen you post any in depth defence of free markets or liberty on this site. In fact, I have not seen you post anything in depth on any subject at all. Pabst may drift towards socialism from time to time, as he did in March with Bear Stears, but at least he bothers to post his thoughts and reasoning. I have never seen any such contribution from you - all I've seen are brief assertions of your opinion (like arseholes, everyone has one), and unprovoked, immature personal attacks against people who never said anything rude to you.
Unlike most so-called libertarian free-market supporters, I actually earn my living purely from entrepreneurial/capitalist activity - trading my own money, investing in startups, and (up until 2 years ago) rental real estate. I walk the walk, I know the theory and *I practise it*, successfully. Your underhand insinuations just fall flat on their face when you try to level them against someone like me. Don't think you can even come close to smearing me, boy.
Now, put up or shut up - prove with facts and evidence that I am an Obama supporter.
Quote from Cutten:
So - you don't prove that I said he was brilliant. You don't prove that I said he was a centrist (I merely think that, for pragmatic reasons, he will move more to the center). And you definitely don't give any evidence that I support his policies.
"Intelligent," "Excellent academic record," "Excellent grasp of policy," ect.... Synonymous with brilliance in my dictionary. Splitting hairs. I never implied you supported all his policies, just that you praised his intelligence, his pragmatism, and his candidacy. Do you deny it?
You also quote extremely selectively, a typical politician's debating trick. Allow me to provide convincing proof that I disagree with his policies, and think he has numerous weaknesses. Read these quotes and eat crow:
I appreciate the effort to provide these examples, but your quotes are no less selective than mine. So the question remains, was Obama your preference to win the election or not?