You can argue all you want but if you are losing money, you are wrong, and if you continue to argue you are doing so at your own expense - literally. Same in politics: you can debate all you want but in the end you have to look at the results: "Are you better off now than you were four years ago?" Or two?
Are 10% unemployment, ballooning deficit and an arrogant Congress better than what we had two years ago? Does America want socialism?
Debate all you want as to why we have what we have and how we got here, but the buck stops with the President: if things are worse than they were before, it's his fault. We did not hire him to make things worst (I don't know about you, but I am my own best expert at making things worse for myself). Hasn't America had enough of the Dems' arrogance, mismanagement and elitism?
In the corporate world, if a company is losing money, it will certainly try to blame its failures on others - the economy, the competition... But the buck stops with the CEO. If the company is failing, it's his fault. And if he can't turn things around, he has to go. If the board fails to remove him, the shareholders can replace the board.
Obama has failed. He has to go. And so does the rest of the Democratic Congress with Pelosi and Reid at the helm. Their stocks have dropped so much that I am not sure whether to put them (the stocks) on the bulletin board or in pink sheets.
There is a procedural difference between how things are done in the corporate world and in Washington. In the corporate world, shareholders elect the board and the board appoints the CEO. In politics we elect both the board (Congress) and the CEO (President). Congress cannot remove the President (short of impeaching him). We must do both. Now is the Congress's turn. We'll have to wait another two years to fire the CEO.
Published by Slav Fedorov
Full-time stock trader and founder and managing member of TradingZoom, LLC, a provider of timely stock picks to part-time traders. Former banker, stockbroker, financial planner, with over 20 years market ex... View profile
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- Obama and the Democratic Congress have failed. They have to go.



