Showing posts with label Michelle Obama. Show all posts
Showing posts with label Michelle Obama. Show all posts

August 13, 2016

Do you think Trump wants to lose big? To risk hearing “You’re fired!”? What if he first negotiates with GOP and then quits?

Sir, I refer to Philip Delves Broughton’s article on the candidature of Donald Trump, “The nominee whose tactics make history irrelevant” August 13.

It is incomplete because, there more than 80 days until November 8, a very long time in these times when things can turn around in seconds, and it does presuppose that Trump would be willing to accept a very significant loss, having to hear “You’re fired!”, without considering the possibility he negotiates with the GOP, and quits, and thereby quite possibly allow an alternative republican candidate to win the elections. He is a businessman after all... or not?

And what of the Democrat party if Clinton loses? Would not Obama for instance then hold on to much more influence in it? Will Michelle run someday? Sir, you see there are plenty of questions in the air. 

@PerKurowski ©

July 14, 2014

Is a 3 dollar per ticket tombola, to meet president Obama, really a comme il faut political fund-driving mechanism?

Sir I refer to the issue of fundraising raised by Edward Luce in “A farewell to trust: Obama´s Germany syndrome” July 14

Even though I am not a US citizen and have therefore no right to vote, I have recently gotten some emails where Michelle Obama addresses me very kindly with a “Per”, and then asks me to chip in 3 dollars for the cause, and that if I do, I will have a chance to meet Barack personally… all expenses covered.

It has a sort of delightful country fair tombola ring to it, but I also must confess it makes me a bit uneasy.

Is this really an adequate behavior for the president and the first lady of the most powerful country in the world, and upon which so much of my and my family future depends on?

First, I understand that Michelle Obama might have nothing to do with this, and also that I might be just a bit too old fashioned to understand the marketing of our times… but still, I can´t help having some serious reservations about it all.

September 22, 2012

Must Michele Obama explain the causes and dangers of obesity to Ben Bernanke and bank regulators ? And to FT?

Sir, in your “Bernanke’s gamble is no free lunch”, September 22, you mention the possibility of QE’s diminishing returns, which would lead us into uncharted waters. Of course, QEs, and other stimulus, are dangerous, if not productive and self-sustainable. It is as easy as that. 

Sadly though, the QEs and other more traditional stimulus are now all bound to be unproductive, since banks, because of the way they are regulated, will mostly re-channel any new funds into holding assets perceived as “not-risky”, as these do not require from the banks much of that now so very scarce bank equity. 

What is missing in the debate, and FT's silence on that is almost embarrassing, is the fact that an economy needs “risky” loans to generate both its vitality and its flexibility. Inducing our banks to take cover in what is ex ante deemed as “not-risky”, only guarantees a type of economic flabbiness as well as a structural fragility. 

It is all like sending the kids out to play telling them “You can only eat the pastries ("infallible" sovereigns) and the well certified by your Aunt Moody hot dogs (AAA-rated), because I do not really know who cooked the vegetables (small businesses and entrepreneurs)”. 

Sir, must we call on Michele Obama to explain to Ben Bernanke and bank regulators (and FT) the causes and the dangers of obesity? 

For the umpteenth time, please understand that we need those perceived as “risky” to have access to bank credit, on terms free of regulatory discrimination.

Witless risk-adverse bank regulators are unwittingly destroying our economies. We urgently need regulators and bankers capable of "reasoned audacity"!