Well you have to laugh really...
Are you smarter than a 9th grader? Then you will be quite at home with President Obama's latest State of The Union speech. While the Flesch-Kincaid readability test shows SOTU 'smartness' has been plunging Woodrow Wilson, the collapse has accelerated post-Clinton with President Obama's average SOTO speech tailored to the intellect of a 14-year-old - the lowest on record.
Having explained to all the 10th graders in the nation how 'everything is awesome' and "the crisis has passed," President Obama starts his roadshow to populise the many myths and factnesses from his State of The Union speech. Speaking at Boise State University, we suspect the call for more research dollars will leads nicely into his package of "middle class economics" fixes...
- Obama Targets Income Gap in Address That Shapes 2016 Election (BBG)
- Republicans Reject Obama’s Main Economic Proposals (WSJ)
- Senate’s Shelby Says White House Bank Tax Is Dead on Arrival (BBG)
- Is Dollar Next? Investors Reassess After Swiss Shock: Currencies (BBG)
- Bank of Japan Cuts Price Forecast, Maintains Record Stimulus (BBG)
- Pound Weakens After BOE Policy Makers Drop Call to Raise Rates (BBG)
- Putin not flinching on Ukraine despite economic crisis (Reuters)
- Indonesia will not make public full preliminary AirAsia crash report (Reuters)
- Party Hasn't Stopped for Russians at Davos Even With Ukraine Sanctions (BBG)
UPDATE: Full SOTU Speech released - "THE SHADOW OF CRISIS HAS PASSED"
By now it is well known that The State of The Union tonight will be about President Obama's Robin-Hood Agenda. Furthermore, it is entirely clear that his proposals have no chance of becoming law. As WaPo's Marc Thiessen notes, Obama is not delusional, his move is completely and transparently political... And just as Eric Cantor suggests will merely serve to inflame the GOP. From taxes to cyber security and from community college to housing... in 50-65 minutes, all will be clear...
In Zero Hedge tradition we provide the thinking man's (unfortunately The State of the Union has just got dumber and dumber over the years) and drinking man's (for those who need libation to persevere through the populism) guide to tonight's imperial leader's prognostications of wealth redistribution. Last year's SOTU saw the most uses of the word "folks" and we are betting (figuratively of course) that tonight's speech will top that for "Peak Folks". Obama has used "love" more than Clinton and "Energy" more than Bush...
When President Obama ascends to the podium this evening to deliver his State of the Union address, he’ll undoubtedly shine a spotlight on the many strengths of America. The real issue, however, isn’t where the United States is today. The problem is where it’s going. And quickly...
The US Military's Stunning Conspiracy Theory Emerges From The Archives: "ISIS Leader Does Not Exist"Submitted by Tyler Durden on 01/20/2015 11:16 -0400
Having noted that voter angst has been riled, propagandized, and fear-mongered to the point at which the most pressing priority for Congress is to 'fix' terrorism, it is perhaps not entirely surprising that we discover - deep down in the archives - that giving the public someone to 'hate' as opposed to something may have been an entire fiction. As The New York Times exposed in 2007, Abdullah Rashid al-Baghdadi, the titular head of the Islamic State, according to Brigadier General Kevin Bergner - the chief American military spokesman at the time - never existed (and was actually a fictional character whose audio-taped declarations were provided by an elderly actor named Abu Adullah al-Naima). So he was a ghost back then.... is he a ghost again, designed purely to put a face on ISIS and the biggest bogeyman of the current global anti-terrorist mania?
"When we see the results of polls like the one below, we realize there is no chance the majority will do anything to reverse the course of America's terminal decline. It will take a complete collapse and bloody reset before we have a chance at putting this country back on a sustainable rational course..."
Top ten things that investors will likely be watching in the week ahead.
Terrorists, Counter-Terror “Experts”, and Governments Are All Motivated to Cover Up the Facts
President Obama & Prime Minister Cameron Explain How They Are 'Fixing' Freedom Of Speech - Live FeedSubmitted by Tyler Durden on 01/16/2015 13:18 -0400
This should be good - from the guys who put a kill-switch on the web and want to ban all encryption...
“Right now with oil prices down and a glut of oil on the global marketplace, the answer is no, we don’t need Keystone right now...”
- U.S. Index Futures Decline on Commodities Slump, Growth Concerns (BBG)
- Al Qaeda claims French attack, derides Paris rally (Reuters)
- Charlie Hebdo With Muhammad Cover on Sale With Heavy Security Precautions (BBG)
- How an Obscure Tax Loophole Brought Down Obama's Treasury Nominee (BBG)
- ECB’s bond plan is legal ‘in principle’ (FT)
- Charlie Hebdo fallout: Specter of fascist past haunts European nationalism (Reuters)
- DRW to acquire smaller rival Chopper Trading (FT)
- Oil fall could lead to capex collapse: DoubleLine's Gundlach (Reuters)
Having unveiled his non-boots-on-the-ground strategy in September, President Obama's "promise" was quickly proved fragile when General Martin Dempsey, the chairman of the joint chiefs of staff, indicated to the House of Representatives armed services committee that the strength of ISIS relative to the Iraqi army may be such that he would recommend abandoning Obama’s oft-repeated pledge against returning US ground troops to combat in Iraq. It seems another promise is about to be broken as Bloomberg reports Senator John Cornyn said President Obama told congressional leaders during meeting today at White House he would seek authorization for military force on Islamic State. Boehner’s office, in separate statement after meeting, said Republicans would work with him to build support.