Monday, October 12, 2009

Obama fails to win Nobel prize in economics

There are tens of millions of visitors to Drudge Report daily. There must be reasons for that other than it's not New York Times. Well, for me, I visit it ever so often really to see what's going on in the country and world today. Today Drudge Report opens with this picture:

and the headline "Kiss the Dollar Goodbye" that really tells what's going on. Americans can immediately realizing what kind of problem our dollar is facing as this Breitbart analysis provides. That's not even the economics headline of the day. I think the economics headline of the day goes to this MarketWatch article entitled: "Obama fails to win Nobel prize in economics."

Yes, it's another day another Nobel prize announcement. The 2009 Nobel prize in economics goes to: Who? Who cares? But this MarketWatch article gives a hilarious comment and analysis by Tom Bemis that is too good not to read it first and foremost:

LONDON (MarketWatch) -- In a decision as shocking as Friday's surprise peace prize win, President Obama failed to win the Nobel Memorial Prize in Economic Sciences Monday.

While few observers think Obama has done anything for world peace in the nearly nine months he's been in office, the same clearly can't be said for economics.

The president has worked tirelessly since even before his inauguration to wrest control of the U.S. economy from failed free markets, and the evil CEOs who profit from them, and to turn it over to wise, fair and benevolent bureaucrats.

From his $787 billion stimulus package, to the cap and tax bill, to the seizures of General Motors and Chrysler, to the un-dead healthcare "reform" act, Obama has dominated the U.S., and therefore the global, economy as few figures have in recent years.

Yet the Nobel panel chose instead to award the prize to two obscure academics, -- Elinor Ostrom and Oliver Williamson -- one noted for her work on managing collective resources, and the other for his work on transaction costs.
That Obama picture on Drudge Report today will do well also to go with this article. Read it, it will really make your day!


Posting the picture of Obama led me to another thought, there are all kinds of pictures of Obama in the media, but is there one that is most characteristic of his personality? Of course, this will be something really in the eyes of the beholder. With admitted unbashful personal bias notwithstanding, I nominate the following :

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