by Greg Valliere, AGF Management Ltd.
Insights and Market Perspectives
Author: Greg Valliere
April 21, 2021
AFTER BREATHING A SIGH OF RELIEF over the verdicts in Minneapolis, we turn to a curious phenomenon — the proliferation of really bad ideas and dumb statements, here and abroad. Here are 13 examples:
1. Halting Covid vaccinations — and scaring the public — because a tiny, tiny number of people reported side effects.
2. The European soccer “Super League,” a mind-numbingly arrogant idea that died within days.
3. The nationwide legalization of marijuana, which has no chance in the Senate, where many members are questioning whether legal drugs are what the country needs.
4. Pulling out of Afghanistan, where the Taliban will violently rule within a year;
why not leave some U.S. special forces?
5. Packing the Supreme Court, which would backfire amid overwhelming public
disapproval (see: FDR in 1937).
6. Making DC and Puerto Rico states — no chance because the Senate would filibuster. Speaking of the filibuster, no chance of killing it because — of course — the idea would get filibustered.
7. Breaking up Big Tech, the most successful industry in American history.
8. Financial reparations for slavery — doesn’t have the votes. Neither does defunding the police. Republicans eyeing the 2022 elections are licking their chops.
9. A wealth tax. Elizabeth Warren is determined — she won’t let it go — even
though it has no chance and would lead to massive tax avoidance.
10. Donald Trump insisting he won the election; that’s getting stale and more
Republicans by the day are moving on.
11. The Federal Reserve openly rooting for higher inflation — be careful what you wish for.
12. Joe Biden picking a fight with his own party — and losing — on immigration caps after getting caught off guard, incredibly, by a surge at the border.
13. Nancy Pelosi thanking George Floyd yesterday for sacrificing his life.
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This post was first published at the AGF Perspectives Blog.
