Jeff  Carter

Republicans actually have a nice story to tell. The economy sucks. Anyone with a brain knows it is being floated with money printed by the Federal Reserve. The world economy sucks. Europe is going to go into a deep slow down. Italy, Spain, Greece and France will go off the cliff.

The economies of Britain and Germany will be on a hamster wheel. All their production and growth will go into a state of “just staying even”. They will be like traders that have a bad position, losing you money each day, but your day trading keeps you afloat.

It is painfully obvious to the casual observer that the attorney general Obama selected, Eric Holder, is nothing more than a political hack with some extreme biases. Fast and Furious is a horrible way to try and get back door gun legislation. Sort of a “by any means necessary”, version of politics.

But, instead of using him as a punching bag to defeat Obama, they may make him a martyr for the left to rally around. Holder definitely lied. But unlike the 1970's when the press helped House and Senate Democrats go after the Nixon administration, the mainstream press today will support Holder.

It is highly doubtful that there will be a Deep Throat in the Obama administration. Political machines don’t work that way. They sniff out potential Deep Throats and turn them into chumbalones. Textbook example, Rod Blagojevich. You need to be well versed in the ways of Chicago politics to understand how the White House works.

Theoretically, the House Republicans are correct. Holder ought to be held in contempt. It’s the politics and how it spins where they are over reaching.

Tom Delay screwed up back in the Clinton administration when he shut the government down, and they will be screwing up today because Holder and his followers will charge racism, and hold this instance up as some sort of lynching-which it’s not.

While now is the time to press your bets at the political casino, this isn’t the table that you should be doing it at.

The odds aren’t in Republican favor.


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.