Michael Bloomberg is out of the Presidential race. There’s $700 million that won’t go toward anti-gun groups, anyway. Of course, he’s always got more.
He also left the good guys this estimable gift – a quote that sums up every “progressive’s” view of what guns are about – in this case, on why he, a man who would disarm Americans the same way he’d deprive them of 32 ounce pop, deserves a bunch of armed security guards:
“Look, I probably get 40 or 50 threats every week, OK, and some of them are real. That just happens when you’re the mayor of New York City or you’re very wealthy and if you’re campaigning for president of the United States,” Bloomberg replied. “You get lots of threats. So, I have a security detail, I pay for it all myself, and . . . they’re all retired police officers who are very well trained in firearms.”
“A well-paid security detail being necessary to secure the well-being of the ruling class against unruly proles, the right to keep and bear arms shall be carefully managed”.
(And if those “retired police” are Bloomie’s former employees, I’m not feeling nearly as safe as he thinks I should be, either in their coolness and discernment or restraint).
Im just glad the ads are stopping. For now I mean were a toss up state so there will be a lot of ads during the election.
Mini Mike spent $500 mil to lock down the 5 Somoan delegates… Evidently keeping 7 full time staffers on the Island, tirelessly canvassing the beaches paid off.
Well done, Mike. Very well done.
By the way, the guy who Pwn3d Mini at the Town Hall was a member of the Virginia Defense League. Those guys know how to get shit done; watch what happens to the degenerates running wild come next election.
Another one of Emery’s favorites gets shot to Hell.
MP, did Emery think mini-Mike could take on and beat Trump? He also proved that despite what Leftists say you cant buy elections. In my mind Jeb! proved that in 2016.
PoD, you might these comments interesting.
… and this too.
Shorter: money in politics is way, way over-rated.
Believing money is all you need to win an election is like believing you can win a war just with air power.
Shame to see our only Native American candidate drop out. Hopefully she gets more opportunities in the future, despite the numerous hurdles she faces as a descendant of Pocahontas.
While many are mocking Bloomberg for his massive and ineffective spend, we need to remind us why he joined the race: He got into the campaign because Biden was faltering
Don’t underestimate how intelligent Bloomberg is. His only focus was get Trump out of office. Now that Biden is riding the huge blue wave, he can now bow out gracefully and handover his massive network and money machine to advocate for democrats up and down the ballot.
The true patriots are all coming forward.
How wrong you are, Emery!
It only took the Russians a quarter million to buy the 2016 election for Trump. Bloomberg’s 500 million couldn’t even get him in the top 3 of Trump opponents.
Bloomberg 2020 — too little, too late.
Shame to see our only Native American candidate drop out
Waittaminute… who’s trolling whom?
“The true patriots are all coming forward.”
Ah Hell. Bloomberg can’t even decide if he is a Democrat or a Republican. He spends more time on Brit territory (Bermuda) than he does on American soil.
Woolly: surely you should not also fall into the trap of dismissively characterizing this man, who has accomplished far more than almost any US Senator, as a mere billionaire. It’s the shrill voice of weak thinking.
Where would we be now if the Biden surge had not happened? Without a credible alternative to Sanders: he would have swept the field on a Biden-less Super Tuesday and would have been the virtually unrivaled nominee and potentially the first socialist president of the US.
But, had Biden failed, Bloomberg would have been there to deny Sanders the nomination. That what the whole point. Money well spent on a valuable option that expired out of the money.
Bloomberg should be applauded. Going all in
(the $500m) when you start but fail fast (the 3 months) when it’s not working demonstrate an entrepreneurial spirit befitting Bloomberg’s business background. His endorsement of Biden helps further the hopes of the Democrats presenting a centrist candidate who would end the nightmare that is the Trump presidency. Once again Bloomberg shows he is a real businessman and true patriot.
Woolly: surely you should not also fall into the trap of dismissively characterizing this man, who has accomplished far more than almost any US Senator, as a mere billionaire. It’s the shrill voice of weak thinking.
Where would we be now if the Biden surge had not happened? Without a credible alternative to Sanders: he would have swept the field on a Biden-less Super Tuesday and would have been the virtually unrivaled nominee and potentially the first soci@list president of the US.
But, had Biden failed, Bloomberg would have been there to deny Sanders the nomination. That what the whole point. Money well spent on a valuable option that expired out of the money.
Bloomberg should be applauded. Going all in
(the $500m) when you start but fail fast (the 3 months) when it’s not working demonstrate an entrepreneurial spirit befitting Bloomberg’s business background. His endorsement of Biden helps further the hopes of the Democrats presenting a centrist candidate who would end the nightmare that is the Trump presidency. Once again Bloomberg shows he is a real businessman and true patriot
(apologies for the double post— moderation purgatory)
But you are forgetting, Emery, that Bloomberg would have been a terrible president.
Billionaires make bad politicians. It’s as though they think that the shenanigans they engaged in to become EXTREMELY wealthy translate to the world of politics, where NO ONE has ultimate power.
That’s one reason I did not vote for Trump in 2016.
All of the positions Bloomberg took that made him a somewhat popular mayor of NYC he has renounced, except for his authoritarian tendency to monitor the personal habits of the citizens.
But it doesn’t matter. I knew Bloomberg was toast as soon as you endorsed him, just as Kasich became toast soon after you endorsed him. Maybe you shouldn’t “do” political commentary, you are not good at it.
Trump has banked his re-election on a tanking stock market.
Who knew a virus would kill kill a virus.
Bloomberg is throwing his 57 BILLION $ behind the dem candidate, likely biden at this point.
I wonder what he expects to get in return? He didn’t get to be a billionaire by giving his money away.
Another bloodbath in Trump’s stock market again today.
Even before the coronavirus hit, stocks were very expensive and economic growth had slowed sharply (to zero or negative in many countries). Now we are seeing companies warn on sales and profits thanks to the virus. Even if it is temporary and relatively short term, we are probably still going to see full year earnings fall again this year, after they were flat or lower last year.
US stocks are only back where they were in December despite the huge deterioration in the outlook since then. Very little potential negativity is priced in. There could be a lot more downside from here unless investors are prepared to pay even more for stocks this year than last. At what point does expensive become too expensive?
Goodhart’s Law may just be the downfall of Trump.
Have you lost or made money on the market since Nov. 9, 2016, Emery?
Did you invest in the Trump economy (DJIA currently at ~25,000) or did you move into low risk, low return securities?
Cuz one way you would be a hypocrite, the other way you would be a fool.
No one should ever pay attention to anything you predict, Emery, because you are almost always wrong.
^^ +31.4% in 2019 (thank you Vanguard VFIAX). My REIT fund (VGSLX) has been positive in 2019 as well. I took those profits in early January as I XC ski in the UP for 6 weeks to prepare for the Birkie.
It’s binary at this point. Half say short term pain V shaped recovery, half say it’s going to get substantially worse from here. Nobody knows. And my time horizon is only a few years until retirement.
Which reminds me of a cartoon from the ’87 crash.
Two stockbrokers standing on a window ledge;
“They say the panic is coming under control”
“Good, let’s only jump halfway.”
“Bloodbath”
LMAO D_K, you nitwit. The DJIA opened this morning still +345 from where it was 3 days ago. Of course, in order to know that you’d have had to been smart enough to find the drop down for the chart and choose “5 day”. Way out of your league.
But as long as there’s sugar pops in the box, and milk in the carton it’s nothing but some shit you didn’t understand, but ran over here with anyway, isn’t it?
FWIW, and that may not be anything other than something I found interesting, the investments that I have managed by Fidelity were rearranged yesterday and an email was sent reporting on the newest transactions. Out of bonds and into stocks.
I took those profits in early January as I XC ski in the UP for 6 weeks to prepare for the Birkie.
Yeah, flying your chopper up to the chalet for a tune up before competing isn’t as cheap as it was back in the Obama gravy days, right D_K? Tell us, are you going to take some profits to race the yacht for the Auld Mug next year? Be sure to send us some pics, eh, old sport?
LMFAO!
Evidently, D_K has given up plagiarizing to jump into Peevee’s game of poasting his DT hallucinations. Honest to God; what is wrong with these creatures?
I got that same email, jdm. The corporate 401k I’m currently feeding is managed through Fidelity.
“Another bloodbath in Trump’s stock market again today.”
Remember up until a couple weeks ago the last guy still taking credit for the stock market?
Is Emery aware of these things called corrections that happen in the stock market? Also a much better judge of the current economic status, the jobs report, was a rolling success when released today, destroying even optimistic economist projections. The economy isnt on the verge of a recession, its just slowing down a bit.
Our economy is so strong that it needs historically low interest rates. “Best economy ever“ growing at 2% GDP (Obama levels). Markets so epic that one virus (that Trump’s supporters call a cold) is destroying the market.
Emery;
When did you get your medical degree? Some top doctors, including the Surgeon General, you know, people who actually know what they are talking about, are stating that this isn’t as bad as your left wing fear mongers are making it out to be. In fact, most of the early cases in China, have recovered, but, just like you, your Trump hating buddies on the left aren’t reporting that. The people that have passed are older or already had weakened immune systems. But hey, we know that your version of facts, are the ones that you parrot from MSNBC and CNN.
POD : Adding 400% in a 12-year upward run is not normal. Virus was just a trigger. Market is shedding bogus valuations. It is normal.
“How are your 401k’s looking?”
Did Trump drop that line from his campaign rallies?
MSCI World Index has decreased 10% since February 20th.
Smart politicians know not to hang their hats on the stock market.
bosshoss429: Or we could blame the Administration for poor disaster planning, gutting preparedness personnel staff, making bad decisions that have exposed all Americans to far greater risk of infection, absolutely no economic plan to deal with either a demand shock or a supply shock.
The list goes on but November will be here first. This mess is 100% on Trump.
Wait a second here; so Trump quickly moves to convene a team to deal with it, places travel restrictions and quarantines in place, and Emery is such a great epidemiologist that he decides that the classic means of dealing with an epidemic are a really, really bad idea.
Emery, don’t go in for a colonoscopy, because after a dose of Golytely, there will be nothing left to you.
Trump’s failure is that he failed utterly to plan for or even respond to a crisis not that he created the virus We spend over $700 billion a year on the military to “keep us safe” and stole from preparedness funds to bend a useless wall and now look where we are. No, it’s all on him.
Emery, don’t go in for a colonoscopy, because after a dose of Golytely, there will be nothing left to you.
BB, Id say he cant go in for one because because his head is taking up all the room there already.
Once the coronavirus is contained, stocks will likely regain their previous highs.
Emery is trying to convince us that the way to make money is to be a bear in a bull market. It boggles the mind.
^^ I just don’t know how to process this. Is it satire and I’m missing it?
22,000 is coming. Still a respectable level. Crazy to buy anything until this panic and virus gets handled.
Pingback: In The Mailbox: 03.05.20 : The Other McCain
Emery;
Take off your left wing blinders.
Numb nuts Obama’s response to the H1N1 flu was much worse. Rather than paraphrase, I’ll let you read it, hypocrite!
https://pjmedia.com/trending/fact-check-obama-waited-until-millions-infected-and-1000-dead-in-u-s-before-declaring-h1n1-emergency/
Keep taking Larry Kudlow’s recent advice: “buy the dip”!
The market is only down 9% since his positive spin…
D_K isn’t really concerned about bat flu, or the market.
If necessary, he’ll just Tak3 Sum PrOfitz and sit it out on his Montana buffalo ranch. Probably use the time to get ready for the PRCA National Finals; a guy can always use a tune up.
Uncertain times call for uncertain leadership!
This morning Trump sent Pompeo out to blame bad data from the Chinese.
Then he sent Kudlow out to report promising data from the Chinese!
I guess you just throw a pile of lies against the wall to see what will stick.
Goldman Sachs: “a viral global slowdown”
Grant Thornton: “now expecting global recession as (coronavirus) effects disrupt economy”
Moody’s: “even odds of US recession in 2020”
Trump this morning: “you saw the job numbers… we’re in great shape”
Trump’s slow mo Katrina is picking up speed — once massive testing begins it will grow exponentially.
More impotent Trump hatred from the guy who has been wrong about everything.
Woolly, didn’t you once claim to be retiring to Wisconsin soon?
As I mentioned earlier, with only two years until retirement — my goal is preserving my retirement funds rather than taking risks to grow them.
Up 4% down 4% is not a normal market. What’s next down 10% in a single day?
I think as soon as they announce this as a pandemic (what it really is since it’s spreading world wide) stocks will finally bottom — perhaps another 10% lower. They will stay down there in a bear market for a minimum of a few months since the cases will continue to increase. Once they stop increasing and start decreasing, they could start back up again.
“Once they stop increasing and start decreasing, they could start back up again.”
Seriously? That could be the dictionary definition of “inane.”
Unless you have access to inside information, you cannot time the market. Patterns you see in the increase or decrease in the values of stocks or bonds have already been priced into the market by people a lot smarter than you, and with far greater resources than you have.
If you cannot move the market, and you cannot time the market, you can, at least, arrange your finances to lessen the chance that you are forced to liquidate equity during a downturn. You have power over when to stop working. You have the power to decide when you tap social security benefits or some other fixed benefit retirement plan. You can manage your tax obligations.
In other words, you should prudently exercise control over the things that you can control, and not make investment decisions based on the predictions of economists or brokerage houses.
Kudlow: “buy the dip”
If you’re a long term investor then carry on.
That’s simply not my position. Where you my friend — seem to have the means to lose tens or hundreds of thousands of dollars in hopes of better days ahead and then recover all those losses in time for retirement. Seems an odd position to take considering you’re nearly retired.
Someone once told me that it ‘doesn’t matter what your portfolio is worth today. What truly matters is what it’s worth when you need it.’ Apparently you have time on your side….
Someone once told me that it ‘doesn’t matter what your portfolio is worth today. What truly matters is what it’s worth when you need it.’
Very wise. I believe Charlie Chaplin made a two-reeler illustrating this idea.
If you are lucky, you can control when you need to liquidate capital. I have a secure job with good benefits. I can choose to retire any time I wish. Not a lot of people have that option.
Money people I talk to tell me that I am crazy to retire early. They believe the goal in life for all people is to increase the value of their portfolio and only deplete it when they absolutely have to. Dropping dead on the job at age 68 with an untouched retirement fund means you’ve won, as far as they are concerned.
Despite the recent DJIA downturn, I am still on track to retire this summer. I won’t need to tap my 403B for two years, at least, so in two years I’ll make the decision to cash out some equities or start collecting social security.
Thank you for your thoughtful post.
There will be more headlines. Covid-19 has accelerated the arrival of a world recession that has been on its way for some time.
The fall of the US long interest rates below 1% does not represent cheap money. It represents a collapse in our future. The interest rate is looking beyond the Covid-19 to what comes after — and it sees little.
The central banks must now act with the utmost haste to prevent price discovery. 😳