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Tuesday, March 13, 2012

West Can't Stand Obama Success

This should be no real surprise, of course, but I can't get over the hilarious response Rep. Allen West, R-Regretland, provided at the news markets were going up.

Via Think Progress, which took a snippet from Fox News:
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On Fox News this afternoon, West said the markets were only up because traders think Republicans will win big in November. Host Neil Cavuto seemed taken aback by the suggestion and pressed West for clarification, but the Congressman stood by his claim:

CAVUTO: What do you think about that? That the markets say you’re wrong, that the pick up is alive and well.
WEST: Well, I would think maybe the markets are maybe looking five to six months down the road, when we have a change in leadership in this country –
CAVUTO: Wait a minute, you think that this is built on a Republican either capturing the White House or Republicans capturing the Senate? … That might or might not be a stretch, but it is out there as a factor. You think that’s a genuine factor? You think that the markets are getting bubbly in anticipation of a Republican taking the White House?
WEST: Oh, absolutely. Well, I think that there is a hope that may be out there, is that we can get a person that has practical viable solutions for job creation here in the Unite States of America [in the presidency].
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I'm going with "might be a stretch" here Neil.

Leave aside for a second that five or six months from now, Barack Obama will still be president because it will be August or September and the election will be a few months away. Let's get to the spirit of what West is ultimately suggesting: the market is ecstatic because Barack Obama will be gone soon.

Of course, every president must quake in fear at news of better than expected job gains and low interest rates. But let's look at polls for the president right now.

Reuters notes that Obama's approval rating is back above 50 percent, an important threshold to all incumbents. Business Week, a publication rather trusted by market investors, says Obama is still leading in the polls. Gas prices aside, things look really good for the president right now, and that is ignoring the clown show we call a Republican primary.

Does this mean Obama will win? No, and I hope the president is running like he is 10 points down. But anyone making portfolio decisions based on a belief Obama will leave office soon is simply a fool.

And suddenly it makes sense these words could come from Allen West's mouth.

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