John Ransom

If Obama blows his reelection bid, maybe he can apply for a gig with a late night talk show.

Sure, his jokes aren’t that funny, but I presume that most of what he saying now really is just a joke.

And perhaps between now and November the jokes will get much better.

They could get worse, but let’s hope for the sake of our country that they don’t get that much worse.

After months of Obama telling us “All is well, the recovery is finally beginning!” the country faces one of the most dramatic slowdowns in economic activity since 2008-2009.

And it wasn’t like we didn’t predict this- since even before Obama was elected.

Economists are generally sticking with GDP growth rates for the United States of around an anemic 2-2.5 percent now that the inflation gravy train has slowed to a standstill. But if the optimistic forecasts of the same guys who did the math to take the risk out the subprime mortgage market doesn’t make you nervous, let’s try out the dystopian views of our Comedian-in-Chief.       

How else do you describe the president of a country, mired in the most persistent unemployment since the great depression, who then blithely tells the rest of us that the economy “is just fine?”

Certainly he’s a comedian.  

A poor comedian, for sure, but a jokester none the less.

But that’s not the latest joke.

Stop me if you’ve heard this one:


This notion that somehow we caused the deficit is just wrong. It's like somebody goes to a restaurant, orders a big steak dinner, martini, all that stuff, and then just as you're sitting down, they leave and accuse you of running up the tab. 

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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