I imagine, however, that Ronald Reagan, his cohorts, and perhaps even his enemies would be absolutely stunned regarding the conditions of our current trickle-down effect.

Once again, we’re all very disappointed in the fact that we can’t reestablish our “A.” Perhaps in a few years when the politicians have changed faces we’ll once again be worthy of our “A,” but for now we can only keep our fingers crossed.

I’m thrilled that our great leader clarified what my position should be regarding the rest of our governmental leadership.

On the first Friday of each month, the financial markets, the mainstream media, and, in fact, the whole world eagerly await the U.S. monthly jobs report. With sleight of hand, the president takes full credit for all the newly created jobs.

Japanese Prime Minister Shinzo Abe, another in the long line of Mario Draghi-and-Ben Bernanke clones, has reconfirmed that the only way to get out of an economic hole is by digging the hole deeper, that is if you’re of the Keynesian bent.

Warren Buffett, throughout his illustrious career has repeatedly said, “Don’t bet against America.” A wonderful statement, but given some of our erratic history, one needs to ask the question “why not?” The answer is relatively basic: Americans know how to adapt.

For those people that view the U.S. stock market as an entity totally devoid of a relationship with economic reality, then I suppose “correction” is indeed the appropriate word. Whether it’s a 5% or 10% correction, it always affords the unsuspecting investor an opportunity to join the party, which is more than likely what they’ve been missing.

Whoever could blow the largest bubble before it blew up all over your face won the contest. Some contests were decided by a group vote, while other competitions were judged by simply measuring the width of the gum that covered your face and hair.

We are all so busy in our day-to-day lives that “history” is something relegated to our junior year in high school — merely a class that we were forced to take if we wanted to graduate. Indeed, nobody forewarns us that history repeats itself again and again.

Memorial Day commemorates the loss of men and women who proudly served their country. In most instances, we know when, where, and how the soldier died. What is never clear, however, is why each did what they did. What was the reason or the clarion call for them? Why did they go?

Since last November and the advent of Abenomics, the Nikkei has appreciated approximately 85%. Even if that rapid rise was based solely upon solid fundamentals, it shouldn’t be questioned that the parabolic move was definitely due for a pullback.

It would appear the underlings are all falling in line in order to protect the commander-in-chief. In fact, I’m quite sure that if Obama was asked about the Associated Press phone hacking situation, which has quietly slipped away from the front pages of the newspaper; he would definitely pull a Sergeant Schultz (“I know nothing.”)

As the drama continues to unfold, it will be very interesting to observe who in the Obama administration knew what —and when they knew it, while all along Obama lived life on the 13th tee.

The familiar saying used to be, “I can afford it, but I don’t want it.” Conversely, now it’s “I want it, but I can’t afford it.”

Tim Cook, CEO of Apple Inc., recently stated that a 35% U.S. corporate tax rate is too high. But, according to President Obama, for American small businesses that have all their money right here in our country the tax rate is just right.

After 4 ½ years in office, Barack Obama, the 44th U.S. President, has endured Operation Fast and Furious, Benghazi, the current IRS targeting scandal, and now the Associated Press phone hacking dilemma, all to hang his mantle on. These are what we know of so far.

I visually wandered through my biography collection of the Presidents of the United States in order to determine what I would read next. I was overdue to once again experience “time travel” and see, feel, and be part of our nation’s past through the eyes of its chief executive. In fact, I try to do that every few weeks.

This popular belief seems to suggest that all the various technical and fundamental indicators, including moving averages and Dr. Copper, are all misguided — and that this time around it will definitely be different.

So here’s my dilemma: We can send a military show of force from Missouri to South Korea in a matter of hours, but not from Italy to Libya. The last time I looked, the distance was shorter from Rome to Benghazi than from Joplin to Seoul.

Bernanke seemed to be much more like Alfred E. Neuman of Mad magazine fame who continually said, “What, me worry?”