We have a president who thinks he is king.  What's worse is that he appears to be right, until things get so bad that the citizens will rise up against him.

For all of the fraud and stupidity that has transpired thus far in this financial crisis, I was absolutely floored by what happened recently with Chrysler's bankruptcy.  The Obama administration ramrodded through a deal with completely obliterated black letter law in regards to who has precedence in a bankruptcy.

Pension funds and investors--regular people just like you and I--had invested in Chrysler bonds.  These bonds are, by law, senior to other debt in a bankruptcy.  Obama decided that it was more politically expedient for the unions to take precedence, and so it was.  Pensions and individual investors received basically nothing, while the unions who contributed to Obama's campaign got full payment on their debt.

The administration argued that this was better for the economy.  Ok.  So what.  You have sworn to uphold the Constitution of this country.  You lied.

The Supreme Court issued a temporary stay on this decision, but they caved today and it will proceed.  So much for checks and balances.

I was willing to give Obama the benefit of the doubt, but this is indisputable.  He does not care about the rule of law, he is already campaigning for the next election.  The laws of this country be damned, all hail King Obama.

This is a sad day.  I really don't care what he does from this point on, the Chief Executive of this country has proven beyond any doubt that he does not care about fulfilling his duties as the head of the Executive branch--that is, enforcing our laws--but is more concerned about scratching the backs of the people who scratched his.

If I had any shred of faith left in our government before today it is gone.  Sorry all you Obama-supporters out there--I know many of you--your guy is an empty suit with no moral compass or sense of duty.  Our Commander in Chief blows with the wind.  Yay.

By the way, this is going to do wonders for the credit markets.  When you're thinking about buying debt that is supposed to be senior to other debt, you'd like to know that that is, in fact, what you are buying.  When this can be changed by the whims of The King you might think twice.  So long, credit market, nice knowing you.

Hi ho, all hail King Obama.

A real gem found here:

What's more, I think I know his secret identity!

Good thing we passed Obama's stimulus plan, he says it's working very well:

(BTW the Treasury used 8.9% unemployment as it's "worst case scenario" number for all of 2009 in those bank stress tests.  Glad we have experts on the job.)  Paying for this powerful medicine is hammering the bond market, doing great things for mortgage rates:

This is going to be fantastic for real estate, especially since we are about to get a wave of mortgage resets.

Hope everyone locked their rates while the getting was good.

To those of you who are looking at buying a "bargain" house right now, let me just say that catching falling knives is best left to circus performers.

Needless to say, I believe we are at or near a top for the year in the equity markets, soon to punch through the year's low of 666 on the S&P 500.  Just wanted to go on the record with this since everyone is so unbelievably optimistic right now.  Those green shoots are weeds.

I continue to ponder the implications of people with rare skillsets who are capable of making huge operational impacts on companies.  Skillsets like a combination of business knowledge and predictive analytics, of which I've recently become enthralled.

One of the areas that seem to be untapped so far but with a metric ton of potential is leveraging these unique individuals by way of hosted services.

Side Note:  I'm reluctant to use the word "Leveraging", by the way, because it is often used incorrectly.  When used properly and not by somebody who is simply trying to sound smart, it means that you get more work out of something than you put in.  (Hence the word lever, duh).  When used correctly it can increase your productivity exponentially, when used incorrectly it can bankrupt you, and when used by somebody who doesn't understand what the word means it is a synonym for the verb "to use".