Is it possible that the president is on a major
roll? I know that everyone’s attention is currently focused on Syria, the
Israeli missile test, and the reconvening of Congress next Monday, however, we
shouldn’t forget the promise made by the president regarding the not too
distant future — it was a pledge to return the U.S. into an exporting
powerhouse. Indeed, it has taken quite some time, but according to the
government, that time is right now. Supposedly, we have joined Japan,
Europe, China, and the rest of the world in a manufacturing and exporting
renaissance that has not been experienced in years. In fact, to put it
all in perspective, allow me to quote the infamous philosopher Austin Powers,
“Yeah, baby.” Therefore, as U.S. real unemployment continues to increase,
production is declining, and prices are on the rise, we are apparently exporting
(what?) — win one for the president.
Although the rest of the so-called free world is backing away from the possibility of World War III, evidently our president’s ego is so large that he’s convinced that everyone will ultimately agree with him as he continues to recommend military action against Syria. After all, wasn’t Obama recently able to convince his first presidential opponent, John McCain, to be his chief representative with one of our greatest enemies, Al-Qaeda? Thus, don’t ever underestimate Obama’s deal making skills. Moreover, I’m quite sure that when he was recently passing out ambassadorships to the Kennedy clan, Obama also had an ambassadorship in mind for John McCain and perhaps Lindsay Graham, with the title of “Ambassadors of Regime Change.” Could I have predicted any of this? Obviously not.
In the next several days, there will be many questions asked and answered about Syria, which I will leave for others. Nevertheless, I’d like to inquire about the president’s apparent victory in the world of exporting. Since the process of exporting is a zero-sum game — a situation which dictates that for every seller, there must be a buyer who is buying — in my opinion, there are two unanswered questions, namely who and what.
Along with his 40-years of dedication in the financial services industry, Bill is the President and CEO of GPSforLife, has recently authored a highly successful book entitled 44th: A Presidential Conspiracy, publishes his dynamic monthly financial newsletter MacroProfit, and faithfully continues his third decade on the radio with It’s All About Money, which can be heard weekdays on Money Radio in Phoenix and in podcast form on his website (and on smartphone apps) published at billtatro.com weekdays at 5pm Eastern. Bill can be reached via email at email@example.com and on Twitter @tatroshow.
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