Sick of this guy and his anti-GMO rants. He continues to use as "evidence" the fact that other developed countries don't allow them. I would argue they're just trying to protect their uncompetitive ag sectors.
Post from Cramer, life long Democrat and Sierra Club member
Posted at 1:33 p.m. EDT on Thursday, Nov. 13, 2014
Does the president EVER consider the economic impact of his statements? Ever?
The other day he threw a whole industry off guard, the telco industry, with his impromptu rant on net neutrality. The big service provider carriers are regulated by the FCC and try to spend in line with what the FCC wants. The FCC knows they have to have some financial incentives or they won't build out their broadband networks. You don't build them out to lose money.
But as Cisco (CSCO) CEO John Chambers said on his call last night, now that the president has weighed in on the matter, two or three of the service providers are simply pausing in their spending and, believe me, their spend puts tens of thousands of people to work.
Did the president even weigh that employment issue?
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Or how about the Keystone pipeline. You may hate the pollution that's going to come from that dirty oil, even as we now have the chemicals to make it clean, but the fact is that oil will be used by us and burned cleanly or be used by the Chinese and burned horribly, with the pollution arriving on schedule in Los Angeles about five days later.
We all know this.
But what's galling about the upcoming vote for Keystone is that the president never comes out and says, "You know what? We are doing a cost-benefit analysis of the jobs created vs. the potential environmental destruction if done right and we will act on the answer." Does it get considered? When I ask Labor Secretary Tom Perez about these issues I usually get an answer that has NOTHING to do with the question. Just a script. Like an actor. Painful.
Just like as Matt Horween, my writing colleague, reminds me, the president railed against Vegas junkets when he first came in office. Like it or not, Vegas is a huge job creator. Unless you put a damper on it, as he did.
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When I was in college I did my senior thesis on the economic impact of what an environmental impact statement could mean. In other words, when single interest groups, in this case the environmentalists, used federal environmental policies enacted under Nixon, they were able to hold up projects that had never been able to be put on hold before. I tried to measure the hours lost, the jobs lost and the economic downside to see if it was being adequately represented in the process. It wasn't. Lots of jobs had been lost and others never created because of the power of that law in the hand of environmentalists. I was hoping that wasn't the case because I would like to consider myself an environmentalist.
I think the president is a single-issue person who doesn't take into account the jobs created or lost. For those on his side it must feel real good.
But for those without a job, it just must feel rotten.
Today's weakness is undoubtedly linked to this Morgan Stanley call on a dividend cut Wednesday. I don't think it will happen, but I can't believe it would surprise anybody if it did.
somebody please get him off of my TV, he's been on there over an hour talking about business, something he knows nothing about
Have you seen the sector? Kinder did themselves a favor by getting out of the AMLP which is trashing everything inside of it much worse than KMI.
Plaything for the shorts as it's been for years. Sadly, much of their problems today stem from having to overpay for Berry because of the bear raid and compliant SEC. Those same bears are still reaping the rewards.
Not only Red Lobster but just about every tenant they have benefit from lower oil. Lower oil will also keep rates lower, longer and on their last conference call Chipotle mentioned higher rents as a headwind. Despite the accounting shenanigans, the fundamentals are actual breaking right for ARCP.