This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Robin Hood Obama's State of the Union: Opinion

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.

NEW YORK ( TheStreet) -- Is President Obama running for the high school president? He had something for everyone. He skillfully argued for both sides of every issue. He took credit for strengthening the border, but also wanted to make it simpler for non-American college graduates to continue working in the U.S.

The state of the union address seemed more like a platform for announcing Obama's re-election strategy. What was unveiled was a populist platform, also known as the Robin Hood strategy.

The President was robbing from China the world's largest market opportunity in the world and robbing from Wall Street, which the President has made the bete noir for the financial crisis. He also singled out the nation's beleaguered oil companies, which have been reaping the rewards from their investments in emerging markets, and multi-nationals that have endeavored to meet their charters of maximizing shareholder value by seeking the best opportunities here or abroad.

As usual the President's biggest bogeyman was the one-percenters. Although he did suggest that he was an advocate for meritocracy.

Who was Robin Hood Obama giving the riches to? Anyone but the above. He was proposing enormous benefits to seniors, students, union workers, underwater homeowners and the proletariats (workers of the world).

One was left wondering how the President thought if he tied the hands of the country's economic engines, and played the role of Santa Claus how he could maintain America's status as the world's largest economy. Did he think that borrowing a page from Hugo Chavez or Mao would be a successful strategy?

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $123.98 -1.40%
FB $77.30 -0.34%
GOOG $527.22 -0.67%
TSLA $231.51 -0.62%
YHOO $41.25 -0.12%

Markets

DOW 17,848.82 -79.38 -0.44%
S&P 500 2,084.28 -5.18 -0.25%
NASDAQ 4,923.7290 -15.5980 -0.32%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs