Bill Cara’s Blog for Sept 8, 2010 [See post-close report]

That's the American way though Bill.:-)

A few days ago, this topic was posted here and elsewhere on the internet.

"Are Existing Home Prices Overrepresented By Up To 40%? new
Submitted by Mark H (142 comments) on Thu, 09/02/2010 - 07:11 #68362
Zero Hedge investigates.
http://bit.ly/aKevLq"

From someone who I trust in the RE business, here is what he wrote to me.

"John,
Well as far as what Value is reported, HUD always has an as-is appraisal done before they list a property. They always list that on the MLS. That is simply what the property is valued at. Just about all foreclosures sell for as much as 10-15% below what the market value is. When you buy a HUD home they actually provide the appraisal that they had done to justify that "As-Is" value that they advertise. When a HUD home sells, it is their policy that they report the appraised value at the time they put it on the market and also the sold price. On top of that all auctions can be very misleading. They give the illusion that you can buy a house cheaper because there is no real estate commissions or transfer and recordation taxes paid by the seller. However you probably know that when you buy a property at auction you normally pay a buyers premium of 10-15%. Say a property that went to auction say for 100,000 but the buyer actually paid $115,000 because he paid the buyers premium and all transfers. Then the agent reports it to the MLS as sold for $115,000. What is the difference between that and the house that sold for $115,000 but the seller paid the commission and split the transfer taxes? You are legally allowed to report to the MLS "The Entire" amount paid by the buyer as the sold price for the property. I dont think the person that wrote that blog took that into consideration. It seems to me that they wrote a one sided blog without a full understanding of how "sold prices" are reported. Blogs like that bother me because I think if people are going to try and create controversy on an issue they should actually know what they are talking about first.

Hope that helps"

I have been watching the Euro, yen and $USD since Bill posted this morning.
On ADVFN the $USD is now up against the Euro and yen +0.01% & +0.11% respectively, while the Euro is +0.15% on the yen and down 0.01% on the $USD

I expect the market to rise a bit then sell off later today. Just my guess, don't trade on it.
J

Looking for today's gap up to be filled and the day ending near flat. Expect to see selling to continue into Thursday with a possible target around the 1080 area. Plan to cover at that time.

Simon Dingemans, one of Goldman Sachs’ veteran dealmakers in London, is leaving the bank to join drugmaker GlaxoSmithKline as chief financial officer at a time when global mergers and acquisitions activity is starting to heat up.

Mr Dingemans, the head of Goldman’s European M&A business, will join Glaxo in January after a 15-year career at the bank, where he advised companies such as Boots on its merger with Alliance in 2006.

He was made partner at the bank in 2000 after advising Sir Christopher Gent, then chief executive of Vodafone, on its €11bn ($14bn) hostile bid for MannesMann, which is still the world’s biggest hostile takeover. Sir Christopher is currently chairman of Glaxo.

http://bit.ly/cLcY2j

Gonna squeeze this baby to new highs..

Seamus -

Chinese gov't officials are now intent to allow yuan to trade outside its borders as seen by the recent MCD yuan-denominated bond offering and another pending with WMT. American business is always a sucker for 1.3 billion population no matter how controlled it may be. Allowing the yuan to gradually float in a free market trading environment bodes well for a rise against the almighty buck.

Must piss off the Japanese to no end to see their yen rise against the yuan on all that debt accummulation by their big buddy next door. Thanks for the article.

In regards to real estate never going down, would it not be equivalent to say the yuan never goes up? Gov't manipulation played or plays a big role in both situations.

Yuan position remains my safe haven for 'cash' right now.

1/3 position of gold sold today.

feeling that this is a weak spike up on low volume,
GDXJ is leading the way, not what I like to see,
most miners are not looking good today on what should be a stronger up day.

my feeling is a possible large downward swoop is looming right now,
but in context of a larger upward trend.

careful gang, i feel better having unloaded 1/3 and can reload later.

while many feel a dump in the broad markets is in the cards, i feel the market will move against most people as it always does, leaving many behind or leaving many broke with unsustainable short positions.

being bearish and down on the economy is becoming too much in fashion, with every tick up in the indicies someone switches to slighly bearish or cautious stances just to avoid being the guy who was bullish before the dump. this kind of protectionism creates an industry that will continue to not earn solid returns for clients as they are long when they shouldnt be and cautious when nothing is happening. imho.

gold is different, it can dump $100 in a day while the broad market sill moves. the anticipation of stimulus or of inflationary forces is what drives gold, while the actual implementation happens long after gold has baked this in the cake. be cautious about over inflationary interpretations, we have been waiting for this official inflation for years and its not unfolding as most said it would (despite their obsfucation that it may have).

From The Kirk Report http://tinyurl.com/2bdyc8v

Headers are:

1. Stop believing the market is logical
2. Concentrate your holdings
3. Stop chasing performance
4. Turn off the noise
5. Understand your limitations and strengths
6. Accept you will make many mistakes
7. Become a specialist, not a jack of all trades

the comments pertaining to the American use of the courts this morning brought a smile to my face when I read the following:

"US Investors Sue Germany Over Weimar-Era Bonds

A group of American investors have filed several lawsuits to pressure Germany to honor bonds issued by the Weimar Republic...

The investors argue that a German victory in this case could have negative consequences for the global bond market -- it would damage investors' confidence, they claim, in the security of all government bonds."

http://www.spiegel.de/international/business/0,151...

Actually yen is raising some. I don't like it and I placed a small short in my ST account via FAS puts. Very short term trade of course.

Just an update. There are currently negative divergences [distribution] on the 1,5,10 mins SPY charts. At 2PM the Fed's Beige Book comes out so maybe bad news awaits. I find it hard to believe that today's rally's is due to this;

"Strong demand at an auction for Portugal's debt early Wednesday helped relieve some concerns that resurfaced this week about the health of Europe's banking industry."

http://tinyurl.com/24y2jb7

Guess we will know in 2 hrs. I maybe eating crow at the EOD.

It's definitely acquire or be acquired for these gold producers/developers that are in the $1B-$5B market cap area. This one looks purely like a move Anatolia is making to avoid being taken over by one of the big boys...........

------------------------------------------------

* Deal to create a new intermediate gold miner

* Deal unanimously approved by boards of both companies

* Anatolia shares down 6.4 pct on Toronto Stock Exchange

(Changes dateline, adds details, background)

By Euan Rocha

TORONTO, Sept 8 (Reuters) - Canada's Anatolia Minerals Development Ltd (ANO.TO) said on Wednesday it plans to acquire Australia's Avoca Resources (AVO.AX) for C$1.08 billion ($1.04 billion), creating a new intermediate gold miner focused on projects in Turkey and Australia.

The offer represents a premium of about 9 percent to Avoca's Wednesday close of A$3.34 on the Australian Stock Exchange. Under the deal, each Avoca shareholder will receive 0.4453 common shares of Anatolia for each ordinary share of Avoca tendered.

The combined company, with a market capitalization of about C$2 billion, will take the name Alacer Gold Corp and its shares will trade on both the Toronto Stock Exchange and the Australian Stock Exchange.

Both board of directors have recommended the deal, which is structured as a merger of equals. Pala Investments, Avoca's largest shareholder, has also said it intends to support the deal in the absence of a superior proposal.

Near-record gold prices have fueled a spate of deals in the gold sector this year, with the Anatolia-Avoca deal coming on the heels of Goldcorp's (G.TO) C$3.6 billion bid to acquire Australian-listed Andean Resources (AND.AX).

REDUCED GEOGRAPHICAL RISK

Anatolia is focused on the development of three key projects in Turkey. Its flagship Copler gold-silver project is set to begin production later in 2010. Avoca, which owns mines in southwestern Australia, expects to produce about 280,000 ounces of gold in fiscal 2011.

Anatolia's shareholders will benefit from Avoca's strong development and operating experience, said Anatolia Chief Executive Ed Dowling, adding that Anatolia was also reducing risks by diversifying into Australia.

The deal is subject to the approval of shareholders of both companies and regulatory approvals in both Australia and Canada.

Shares of Anatolia were down 6.4 percent to C$7.31 in morning trade on the Toronto Stock Exchange.

In a joint statement, the companies said Alacer Gold's board will have nine members, with four each from the current Anatolia and Avoca boards, plus one representative from Pala.

Avoca Chairman Rob Reynolds will assume the role of non-executive chairman of Alacer Gold, while Anatolia's Dowling will serve as the CEO of the new company, which will have headquarters in Denver, Colorado.

The deal is expected to close in December 2010, or early in 2011. Alacer is expected to produce 600,000 ounces of gold in 2013, with output rising to 800,000 ounces by 2015.

BMO Capital Markets acted as Anatolia's financial adviser, while Goldman Sachs acted on behalf of Avoca. ($1= $1.04 Canadian) (Reporting by Euan Rocha in Toronto and Bhaswati Mukhopadhyay in Bangalore; Editing by Frank McGurty)

Hidden by today's move up in SPX, INTC has capitulated today. You can see this in the chart INTC:SPY, which has the 7-day RSI for the ratio at an astonishingly low 5.71. This massive (relative) move down has been hidden by the overall market's move up during the past week or so.

FD: Small put write today in INTC.

ROVI next.

Something is up. At least it appears to be. The leading indicators on SPY DIA IWM QQQQ charts have all gone negative quickly over the last 20 mins meaning distribution is quickly taking place. Guess well see by EOD.

Today looks like a pump and dump at this point.

worth a look.
http://tinyurl.com/25zvqws

A beautiful description of producitivity improvements, Dr. Cosa. Since the Feds adjust price levels hedonically, that comparable new Chevy Impala is carried on 'their' inflation adjusted books at $11,500 a pop.

I define inflation as the diminution of the purchasing power of FRN money. Compare apples to apples. A Federal Reserve note buys 10Kw of electricity. It used to buy 30Kw. Did the price of electricity go up or did the purchasing value of my money decline? I leave that to the rhetoricians.

Today future debt obligations are being created to feed 40,000,000 Americans enrolled in the food stamp program. People on the dole are literally eating your grandkids futures.

Back to apples. They used to be sold by the peck or the bushel. Now you buy them by the pound.

I'm all for productivity but I resent being taxed on it by a government that can't keep an honest set of books.

3:38pBREAKING

Goldman Sachs faces near-record fine in U.K.: FT

I guess here is another catalyst to drive the financials down again..

Bev.. I like your charts and contributions! please keep them coming and best of luck to you. BTW, I am long on Gold miners still and will add more on any weaknesses. If people take profit here in miners they may not be able to get back in at lower prices again. Every body know this market is a news driven market these days in such a slow economy, therefore, any major negative news could drive gold prices sharply up above any one's expectations and people will be forced to cover their shorts or chase prices higher and higher. GOLD is an excellent HEDGE in this market, not high yield Blue chips stocks, not Bonds, not treasuries, not even CASH. Yes, only GOLD, that how strong I feel about it long term. Forget taking profit in Gold in short terms, just stay long and add more to your position at any gold weakness. That’s my opinion.

GLTA

Well.. we didn't close the gap and we surely didn't end the day flat so I guess I better put the crow in the oven now. Still showing negative divergences on the indicator on all time frames. Still short looking for a gap down tomorrow.

Note: analyst65 thanks for the support! I agree with a lot of your thoughts on gold. But it looks like to me the gold ship is listing to much to one side and they might decide to rock it a bit to throw some people over board. Like I mentioned earlier once I see a positive divergence with the indicator on GLD I am covering and running to your side of the boat! I currently don't trade as either a bull or bear now but as a wolf. I look for weakness and try to exploit it. The gold boat tipping to one side now looks like weakness to me. Time will tell. Of course there is always the chance that I might be eating crow again. :-)

:)) , not really VAD, I know that site is delayed quite a bit. But just happened to see it posted there and I shared it here.

In general I agree that today's market action was pump and dump, nothing less, nothing more. Many people last week were waiting for the big smart money to come in droves after the long weekend and buy this market up and up but so far we have not seen that. So what does that tell us, hummm. I guess it's not hard to figure it out, is it? :)

Oh, OK, as long as delay is disclosed... I guess combination of term "breaking news" and such delay triggered my radar alert :)

I am not sure why it was expected from big guys to BUY this market upon return... why not short it? :) Also, from the volume it doesn't look like they are back in action yet, rather looking and thinking...

a fair response grym,

though i believe we are looking at 2 very different things.

i cannot recall a time in my rather short life when the common theme was not about helping the economy and about people struggling. this theme repeats itself no matter what the state of the economy is, especially in the US where every election campagin is principally about jobs. why?

because at any given time there were rust belts in mining, manufacturing and other old guard industries that were the fodder for the whole "decline of american empire" that people have been bemoaning about for 80 years.

yes right now things are worse than they were a few years ago, but in spite of the boom times look at the rhetoric coming from most pundits and politicians for the past several decades, its the same:

reduce deficits, balance budgets, focus on economy, create jobs, fund innovation... blah blah blah blah.

certain destruction was always just around the corner, if it wasnt the hun's in WW2 it was the communists, then the japanese, now its the chineese, terrorists and evangelicals....

the idea is that what we expect is much higher than it was several decades ago, (as per my middle class family comparison) thus people see a decline in this higher expectation as an overall decline which in reality is simply a fall from the high point. its like gold "falling" to $1050, which would be met with sadness and described by the bugs as a "collapse", yet 3 years ago the idea of $1050 gold was fantasy.

we have come far over the past 40 or 50 years both in real terms and globally. but the super boom of the early 2000 left us a bit ahead of ourselves. in reality price increases are subject to a host of different factors. those apples being purchased may cost more now simply because its cheaper to sell those apples overseas, or to apple sauce producers, or to use apple tree land for corn. for better or worse, buying apples by the basket is not a logistically sound as it once was. hence they cost more. considering the cost of many grains and softs are above 10 year levels its not surprising, but those prices are below those of about 2 years ago, so something else is causing existing price rises, and i dont believe its any sort of monetary inflation just yet.

ultimately insurance costs more because insurance companies must convince us that costs are rising to justify higher premiums. when times were great costs still went up, even with crime at all time lows police budgets still rise year over year in canada. but a cop's salary is higher now than the 70's, is that inflation or that cops now have advanced degrees they never used to, must learn to use computers and conduct more complex tasks than 40 years ago. lower crime is better and saves money from the imprisonment standpoint but is lower crime a product of better cops? if so the cost is worth it and doesnt reflect any sort of inflation, only skill sets.

back to my medical perspective. there are a host of opinions but i will provide this basic fact:

MRI's were almost nonexistant 40 years ago, people with lumps on their head that didnt meet certian diagnostic criteria would be sent home. if complications developed surgery may have been planned. for all the people who went home and didnt require care, medical costs stopped there, and quite a few may have then went on to die because of swelling that wasnt caught. MRI's come along and mandates change, serious bumps on the head require MRI's, and eventually some not so serious ones if they meet said criteria. now we incur a $300 cost(aprox) in all cases vs. the higher costs in just a few cases.

all in all i feel safer knowing this technology can help prevent complications, but it has a net cost to our system, but its worth it non? is it inflation if healthcare costs rise due in no small part to emerging diagnostic fees which we never incurred just a few decades ago?

heart surgeries are becoming more routine, they cost less and are safer than those of 40 years ago. what will happen when india obtains the same equipment and even better and with their lowered costs can offer the same level of skill and safety for surgery at 1/4 the cost? will insurance companies realize the beneift that flying a person to india for surgery is still cheaper than just paying for american care?

if things get as bad as many doctors will claim, if they are unable to keep up on what they are allowed to charge, eventually the market will shift, and you will see the proliferation of clinics as we are already seeing for medical tourism. drugs too eventually. its cheaper to pick up what you need for the year in costa rica and save a few thousand (if youre on alot of meds) and have a vacation and hip replacement while your down there for a fraction of the cost.

how can this happen? innovation and expertise making medical care that was once only accessible to the skilled and wealthy more available to all.

i can zap a skin tag with a $10 kit from the pharmacy, something that just 10 years ago required a $120 MD visit and procedure. somehow this was deemed safe enough to be trusted to citizens, saving me $110 that i may have to spend on the higher price of my groceries. is that really inflation?

Vad - Rosh Hashanah started tonight at sunset. Expect low volume tomorrow.

Dr. Cosa,

"...yes right now things are worse than they were a few years ago, but in spite of the boom times look at the rhetoric coming from most pundits and politicians for the past several decades, its the same:

reduce deficits, balance budgets, focus on economy, create jobs, fund innovation... blah blah blah blah."

When were the "boom times" you speak of? The average U.S. citizen has been losing ground for over thirty years. The rich have gotten richer by selling U.S. jobs, switching defined pension plans (except for public and union ones) to semi-self-directed 401(k) plans (great for Wall St.) The other boom times were based on the tech bubble and the housing bubble when gullible people sold their future to the mortgage scam.

As for this part:

"...reduce deficits, balance budgets, focus on economy, create jobs, fund innovation... blah blah blah blah."

Sure the political talk is always the same, but none of it has ever been done. Big difference!

"...certain destruction was always just around the corner, if it wasnt the hun's in WW2 it was the communists, then the japanese, now its the chineese, terrorists and evangelicals...."

Politicians thrive on crises, but the cries of "the sky is falling" are sometimes legit. You may be too young to remember but WW2 was a major problem — I'll leave it at that rather than debate the others.

I am probably from the last generation who was able to support a family of four comfortably without my wife needing to work. (After the kids were grown she did work, but strictly by choice.) There is a detailed report showing how many per family are working and how small the increase in household income really is.

http://www.census.gov/prod/3/98pubs/p23-196.pdf

The slowdown in various segments in the past are nowhere near like what we are seeing to day with millions out of work. The only thing keeping it from being a depression (openly admitted) is the fact that Social Security, unemployment insurance, food pantries and other programs which did not exist in the 1930s are masking the severity today.

Wow that's one ugly looking chart (see attached.) Lower lows, lower highs, 50d crossing 200d to downside, not a lot of support. Wouldn't touch it with a 10 foot pole. Held this one in the past but my timing was bad (as usual) and it was a losing trade.

My other 'impression' right now is that market character tilts more towards 'wall of worry' than 'slope of hope.' Again, that's JMO.

Bev,
I know you've commented on McHugh's work in the past. My experience has been that a lot of the Elliot Wave guys are like "the market will go down based on this wave count unless this alternate count is in play." Nonetheless, there are 6 Hindenburg omens on the clock and this new VIX sell signal (which was echoed at breakpoint trades.) I'm leaning bearish for Sept/Oct and intend to buy Nov SPY puts on any "rallies."
KC

Geoffrey that makes sense to me.

I am going for hip replacement soon and it will be done right here in Peoria which is a regional medical center covered by my insurance and where my family now resides with me. Why would I consider Panama or Thailand?

ALOHA!!

On Sept 7th, the US Treasury reported a total YTD net tax revenue of $1.42TRIL USD. If the US Congress was serious about not spending beyond its means then we could only afford to pay for the following five(5) US Treasury Statement lines items.

Social Security - $545.1BILUSD
Medicare - $489.6BIL USD
Medicaid - $248.9BIL
Food & Nutrition - $82.3BIL USD
Energy Dept - $34.9BIL USD

TOTAL 2010 YTD OUTLAYS FOR THE ABOVE FIVE(5) LINE ITEMS = $1.41TRIL USD

All other US Treasury line items including the following could not be paid for ...

- Interest on Treasury Securities
- Defense Vendors
- Veterans Affair
- Military Payroll
- Dept of Defense
- Education
- Federal Employee Salaries
- Federal Employee Benefits
- NASA
- HUD
- SNAP Food Stamps
- GSA
- Health & Human Services
- Unemployment Benefits
- Federal Highways
- Dept. of Homeland Security
- Justice Dept.
- SBA
- Postal Service
- EPA
- State Dept.

Essentially America would have to shut down and there would be widespread rioting in the streets starting with Federal Employee Unions, as well as all the unemployed and Veterans and military, if the US Congress were forced to only spend within its means. Without US DEBT issues this country would be as bankrupt as Zimbabwe. There is your "safety net" ... DEBT ... unending DEBT!!! America is only viable as long as someone buys our DEBT. It doesn't even have to be China ... It could be Ben Bernanke! Talk about a "house of cards"! The exact opposite of the US FED's charter for the past 96 years, but completely in line with a monopolistic private banking cartel's not-so-hidden agenda of currency destruction. Each American can now see the true price of a corrupt monetary system right before our EYES WIDE SHUT!

Grym,
I'm only bearish on the U.S. economy and stocks during the midpoint of this cycle. I think it was Art Cashin who recently opined that this bear cycle has maybe 7 more years to run. Stocks are super cheap against treasuries on an earnings yield basis but if T-notes tank, stocks may need to flitter around current levels and grow earnings til the EPS bogey again settles close to the magic 7.

In the meantime, cycles.......cycle! There will be ups and downs, inventory mismanagement, Presidential cycle goosing by the Feds and all manor of tabloid hysteria will govern the day to day and month to month mood swings by those paid to encite controversy. It's the GAME! It's not played in the football or soccer venues but the BIG casino resides in the canyons of the financial capitals. Yet it is still the same 'panem et circenses.'

My fear is that we have run out of cheap labour to exchange for capital. I watched the Jap Yen go from 360 to the dollar to 100 in the space of 25 years. If the same happens with the Yuan/Dollar during the next 25 years, your made in Asia stainless steel hamburger flipper will cost you 3X more in REAL dollars.

Productivity increases are great. The genius of the West was/is aligning capital, labour and the creative destruction of invention to ease the burden of the common man. This we have done. However, too much has been paid to the financial interests. The engineers of capital who have squandered the peoples money on schemes for their personal enrichment have become anathema to common sense. Yet they are not punished.

My saved capital earns naught today because those in power will not allow markets to clear. The longer that they deny reality, the more severe will be the result.

I know that I must earn at least a 6% return on my free cash to stay even for the purchasing power of that cash. Unfortunately this requires that I trade financial instruements at least on a week by week basis. It is a waste of my time but necessary at this time in the 'cycle.' Land, cattle, commercial rental properties and mineral interests make up the bulk of my assets so my measly stock portfolio isn't the tail that wags the dog. However.....my 43 years experience with the financial markets have made me an addict. I think Bill would understand this. Financial markets are the lubricants of progress. They are only lubricants and should not be considered as ends in themselves.

You can never retire, you may only expire some blood and sweat on the road to Golgatha. In 2000 it was all about tech clicks and eyeballs. In 2005 it was all about real estate that never declines in price. In 2010 it's all about the return of your corpus via Treasuries. Is there a lesson here?

If you trade, only trade your pen money. When it is gone, walk away. If you want to invest, give Bill or Vad your money and then purpose yourself to what you do well. After all, investment money is simply excess income that only needs a home. I judge these two as honest Sherpas.

One last admonition. There are no pure 'asset.....classes.' That term is just some salesman's way of deflecting your attention to whatever he is selling. Precious metals are no more an asset class than Ming China. Both are collectable but neither pays you interest. Both may appreciate in money terms but only to the extent that your money yardstick declines.

Inflation deflation conflagration amelioconcationization are just made up symbolic words. If you truely believe in deflation, hoard cash and wait for 10 cent a loaf bread but be aware that the decimal point on your money may float at the pleasure of your government!

S&P +3.20 / +0.29%
Level 1,102.50
Fair Value 1,098.27
Difference 4.23
Nasdaq +3.75 / +0.20%
Level 1,881.25
Fair Value 1,880.06
Difference 1.19
Dow +28.00 / +0.27%
Level 10,420.00

Europe green - Autos and French Banks being bought.

$ is consolidating. Given that everyone is on the bond wagon, looking at breakdown as the least obvious trade. Trade what we see being the catch phrase of course.

http://www.incrediblecharts.com/tradingdiary/tradi...

http://www.abc.net.au/news/stories/2010/09/09/3007...

Can't see where the jobs are going. Note that the increase in employment in seasonally adjusted. Trend growth remains flat at 5.2%.

How renewed slowdowns in mature European economies play out in Oz is unknown to me.

http://www.telegraph.co.uk/finance/economics/79900...

If this is mining investment related then tightening interest rates are going to squeeze most home owners who are unrelated to mining.

Submitted by gforce (240 comments) on Wed, 09/08/2010 - 23:08 #68768

http://home.comcast.net/~lcmgroupe/2010/Article-In...

http://home.comcast.net/~lcmgroupe/2010/Article-In...

Great article series by Gordon Long, innovator, formerly with IBM and MOT. Makes you weep how the capitalist agenda has been hijacked by government and assorted leeches.

His thesis:
Obama doesn't have a clue what's wrong or what to do about it.
The US has not accounted for intellectual capital and has allowed corps to run off with it scott free to take the manufacturing elsewhere. IC belongs to America and has not properly been compensated for incubating it.

Some proposed solutions:
500k paid up university scholarships to innovators
50k research and teaching positions re energy independence
Get off small business backs
Cut pub sector incomes in line with their employers (the private sector)
Actually fund ss and medicare, so people could have confidence in them.
Ask people if they want military ops in 130 countries
Develop a strategic plan for america.
Cut the lobbiests as promised
Make politicians actually read obamacare and fin reform 2000 page legislation docs before voting on.

ie common sense, accountability, responsibility, get out of the way and let people innovate and develop.

If some of this happened we wouldn't have to stay glued to our monitors all day and night.