Jeff  Carter

Learning-is acquiring new or modifying existing knowledge, behaviors, skills, values, or preferences and may involve synthesizing different types of information. The ability to learn is possessed by humans, animals and some machines. Progress over time tends to follow learning curves.
Human learning may occur as part of education, personal development, school or training. It may be goal-oriented and may be aided by motivation. The study of how learning occurs is part of neuropsychology, educational psychology, learning theory, and pedagogy. Learning may occur as a result of habituation or classical conditioning, seen in many animal species, or as a result of more complex activities such as play, seen only in relatively intelligent animals.[1][2] Learning may occur consciously or without conscious awareness. There is evidence for human behavioral learning prenatally, in which habituation has been observed as early as 32 weeks into gestation, indicating that the central nervous system is sufficiently developed and primed for learning and memory to occur very early on in development.

Everyone told me in 2007-08 that Obama was “pragmatic”, “different”, “smart”. I knew better.

His economic programs might have more appropriate adjectives to describe his persona and style of leadership. You might call him, “unimaginative”, “dense”, “fixed”, or “bourgeois”.

The new economic package combined with today’s speech on what’s being called the Buffett tax is just more evidence of how backward Obama really is.

The economic package he announced last week is simply more stimulus. It does nothing for anyone, except state and local governments allowing them to shore up short term budgets. The multiplier effect of government spending is 0. It will have no effect, and the targeted tax cuts he offers with regard to hiring will have no long lasting, or even short term effect on employment. In February of 2009, we tried stimulus. It didn’t work. We have tried payroll tax cuts. They haven’t worked. As many have said, “My dog has created more shovel ready projects than Obama”. Instead of pivoting and trying something different, we get more of the same.


Jeff Carter

Jeffrey Carter is an independent speculator. He has been trading since 1988. His blog site, Points and Figures was named by Minyanville as one of The 20 Most Influential Blogs in Financial Media.