Flipping the calendar is pretty meaningless as the rest of the week is likely to be more or less the same as the beginning. Most things happen with little regard for calendar conventions.
Well, not everything. Healthcare is different this year. The pharmaceutical, hospital and health insurance industries are set to cash in on years of bribery. Investment tip: short the word “affordable” in the proper name of the law we call Obamacare.
Missed investment tip from last year. Short the word Obama.
While on the subject of names for laws, here is an interesting story by Adam Liptak in the New York Times called Laws Deserve More Than Those Cute Names. According to Liptak, there is some evidence that there is more to the problem than a bit of sophomoric puffery by low level political spinners.
If all you knew about the new healthcare law was that it was either affordable or named after the Messiah-wanna-be, you might well have liked it. Truth is, nobody knew what was in it including Nancy Pelosi, who probably still hasn’t read it. Actually, she might well be getting an idea of what is in there from her fund raisers who are now enjoying the delights of payback time.
Despite being the beneficiary of some wholly undeserved reflected glory from naming opportunities for laws, I would end the practice entirely. Unless …
What if names for laws could be sold like the names of stadiums with the proceeds used to pay off the national debt? That would certainly appeal to a flinty-eyed, bill-payer scold like me. [Note: I love being a scold because Paul Krugman hates us. I also love being right because whiney Paul hates that too.]
If the naming rights idea takes hold, poor Harry Reid might regret having killed the filibuster. They could have been televised under the banner of Depends or some other provider to the “embarrassing urgency” demographic. Rand Paul could provide periodic shout outs to the sponsors as he hopped from one foot to the other.
Sadly, with the turn of the calendar, we providers of political snark must bid adieu to long-time hero Silvio Berlusconi. He will be greatly missed. Fortunately, he leaves us with a much-anticipated successor in Toronto Mayor, Rob Ford.
For these and other beauties, the City Council has stripped Mayor Ford of his powers though he retains his title.
- Proclaimed his skill at oral sex on TV
- Smoked crack on a video
- Turned up drunk at a local festival
- Got kicked out of a Santa Claus parade
- Been asked by the Toronto Argonauts to quit wearing their jersey
- Been admonished by Iceberg Vodka for drinking and driving
Well Mayor Ford, you might have little more than a powerless job that only Paul Krugman could love but you are the winner of the highly coveted libertyPell Silvio Berlusconi Award as the year’s most shameful politician.