The Election and the News
I generally start my day by reading the New York Times Online. Today was no different. But I looked at it from a different perspective -- what in the news today would have an effect on the election and what would that effect be?
Here''s what I found today - Egyptians vote for President in First for Arab World. What of this? Election itself a slight positive for Obama but not really important. Just part of the sheen of a perceived successful foreign policy. Facebook IPO Raises Regulatory Concerns. A story about how insiders get better information than average investors. But Facebook is sort of tied to Obama in an image way (and probably in a monied way as well.) A wash. Global Powers Resume Talks With Iran. Good for Obama, especially if Romney feels compelled to appease the neocons who want war with Iran.
But here is the news that matters politically - Stocks Fall as EU Leaders Gather In Brussels. It is in Europe where the big story is today. The adoption of the most senseless economic policy in some time - austerity in the face of economic recession, threatens the world economy. And in fact, threatens Obama's reelection. I'll explain why on the flip.
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