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    • Exchange Rates 101
      In light of the collapse of the Ruble I think it’s worth revisiting what controls exchange rates. Supply and Demand. Yeah, if you know something about the subject you’re probably shaking your head. Supply and Demand doesn’t set prices in many cases in the way that an Economics 101 course tells you. Such texts will [...]
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Obama Defines Obama

saint_obama1“Ich bein ein New Democrat.”  “I am a New Democrat.”  That’s what President Black Obama said at a meeting of New Democrats.  Of course, unlike John Kennedy in Berlin, he didn’t say it in German, though, had he been at a gathering of chicken dippers, he probably would have amended his declaration to profess his unambiguous affiliation with…chicken dippers, whatever they are.  Thus, the self-proclaimed “blank screen” that is the Obamessiah assumes a Paulian characterization for himself.  From the New Testament, 1 Corinthians 9:20-22:

20And unto the Jews I became as a Jew, that I might gain the Jews; to them that are under the law, as under the law, that I might gain them that are under the law;

21To them that are without law, as without law, (being not without law to God, but under the law to Christ,) that I might gain them that are without law.

22To the weak became I as weak, that I might gain the weak: I am made all things to all men, that I might by all means save some.

Politico reports the surprising declaration with the appropriate sense of awe it deserves, given the Artful Dodger’s previous reluctance to be as labeled, be it as liberal, Socialist, centrist, whatever:

President Barack Obama firmly resists ideological labels, but at the end of a private meeting with a group of moderate Democrats Tuesday afternoon he offered a statement of solidarity.

“I am a New Democrat,” he told the New Democrat Coalition, according to two sources at the White House session.

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