Showing posts with label election 2024. Show all posts
Showing posts with label election 2024. Show all posts

Wednesday, November 6, 2024

It's the Low Information Voter and Idiots Who Are Scared

There are what we like to call low information voters and then there are idiots, and some people are a little combination of both.

Hey, I am not trying to be mean. I am just trying to keep it real.

I am referring to a recent post I saw on Facebook following the very real realization that our 47th president would be Donald J. Trump. The post simply read, "We are fucked," followed by "the economy is about to be messed up."

First of all, what economy are you referring to? The one where median income has been whittled down to nothing due to 40-year high inflation? That economy? The economy littered with myriad retail and fast-food jobs because someone decided we didn't need good manufacturing ones, or oil and pipeline jobs that pay at minimum $70,000-$120,000 a year? The economy where housing is practically unaffordable at any income level and people have racked up credit card debt in record trillions of dollars just to pay bills and buy groceries? 

Look, the reality is that there are two people who have not really been touched all that much in this economy. The rich who have the money to deal with it, and the poor who are given the money to deal with it.

And that's not to disparage the rich or the poor. It's simply to make a point. Some people won't feel the economy in the way that say, the blue-collar middle-class working families will, who bear the full brunt of everything.

If you are living on rental assistance and food stamps, not only are you less impacted by the economy, but you are also insulated from it as well because, of course, it's not your money.

The post had other comments of course, as well, citing a wide range of things. But come on, how it is a bad thing that we will once again have a secure border? What's so bad about declaring energy independence and using our natural resources as a source for fueling a better economy that we can all benefit from?

We can't kill inflation. It already happened. But we can stall it dramatically if we can bring the cost of things down by bringing down the cost of energy which is baked into higher prices in a very big way. Trump's going to do that. Harris had no interest in it. They wanted more solar and more windmills, while at the same time denying adding to grids to produce all the power we need to fuel the electric everything technology they want to curb fake climate change initiatives.

Look, I could comment all day on all the benefits of a Trump administration. But I know my audience. I'd just be preaching to the choir. We know what they are. All I will say is that people who think we would have been better off with Kamala Harris in office clearly have their heads buried deeply in the sand and either are beneficiaries of government subsidy in one form or another, or like I alluded to before, are simply stupid.

Open borders. High crime and looting. Appointment of soft on crime prosecutors and judges. 40-year high inflation. Gas and energy prices straddling hardworking Americans. Poverty at all-time highs. Men competing in women's sports. Boys in girl's locker rooms, bathrooms and showers. Median income decimated. Businesses struggling to survive due to ridiculous minimum wage laws.

I could go on and on.

That is what we voted against. That's why Harris lost. Because nobody wants any of those things. We are not fucked. That already happened over the past four years. If Harris had won is when we'd have really been fucked.

As for people now wanting to say they want to move to Canada, I say pack your bags and go. Canada is already there when it comes to liberal policy. They are way ahead of us. If that's what you wanted, they have already done it. If you need an Amazon link for some nice luggage, let me know. I'd be happy to provide it.

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© 2024 Jim Bauer

Friday, September 13, 2024

What Are Your Thoughts on Trump Media?

I am a Trump supporter, but as an investor, I simply find the Trump Media stock to be weird. Not in a strange way like, "This is a really weird thing." But more in the way that it moves.

I have been investing for several decades and the stock makes little sense to me, at least as an investment.

To me it's acting more like a gauge of voter sentiment than a stock—or moreover a gauge of voter sentiment when it comes to Trump supporters. How many democrats do you think own the stock? I'd guess very few, if any.

Take the most recent dip following the debate. It's not like anything has changed with regard to the company itself. Profitability hasn't changed, there's nothing moving the stock up or down except what shareholders, who are no doubt tied to Trump politically, feel are Trump's chances of winning.

I think it is also a way for shareholders to indicate in a very direct way whether they like what Trump is doing or not.

"We sold our shares," they say. "Because we thought you did not perform well enough during the debate and we want you to step up your game, sir."

I won't begrudge the company or its shareholders. They can do what they want with their shares and their investment. But it is not supposed to have anything to do with the valuation of the underlying business, and by all measures, the company is grossly overvalued, with the stock moving for reasons that are not tied at all to the business.

Whether or not Truth Social or Trump Media has a future, even, is debatable. I guess it would depend on what happens in November and how much interest anyone would have in Trump's social media page after the fact, especially if he loses to Kamala Harris. So, for that reason, to even call it an investment seems like a bit of a stretch.

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© 2024 Jim Bauer