Jan Baker

Cramer's Mad Money - Wells Fargo Changes the Game (4/909)

Gee, I am sure I heard an NPR report on the Wells Fargo news that said their data was high quality, and the data was based on conservative loans!

But I've got it figured out now. It took my one son, an avid Obama supporter, to take this year's 300,000 bonus and invest it in the stockmarket last week. (Yes, I know, I think I have raised a kid who does not know which side his bread is buttered on.)

So here's what I think. Obama once was asked what he would do if one of his daughters got pregnant, and he said he'd be glad she had abortion as an option to make good her 'mistake.' At the time I reflected on that comment, because one thing statistics show us about women who abort an inconvenient fetus is this: they will be back for a second, and a third, with some exceptions, of course. Women who have the baby, on the other hand, tend not to repeat their error, again with some exceptions. And it is difficult not to conclude that the latter learned a lesson from the experience, but the former did not. Or the former so loved the lifestyle associated with the first 'mistake' that they could not give it up.

And of course that's the key to the stimulus package. It's exactly the same logic. Obama's Change package will 'fix' that 'inconvenient mistake,' exactly so the fun party can continue unrestrained. And my son is correct to invest his bonus in the stockmarket, which we may forsee as bubbling up again, and in need of another 'abortion' down the road.

Now, my son may be able to recognize the signs, and bail. The economy as a whole, however, will take another hit. There are long-term consequences to abortion, either corporeal or economic (hugely increased risk of breast cancer, for one, in a living person, and Seeking Alpha is full of articles about the consequences of the failure to learn the lesson in the economic world).

But this is clear, to me at least: Obama just wants the party to last a little longer, and Change? Forget it.

Maybe if those who wish for a real change in the US economic climate would fight it in the social world, too, and stand with pro-lifers, it would work a miracle in his economic thinking, too. Presently we are praying a million rosaries for that, before he speaks at Notre Dame. You might as well join me; you could pray that he just learns people have to learn lessons in life, not get bailed out, and let it be an open field which arena you mean.