Gartman : Setting the record straight

Dennis Gartman of the Gartman Letter.

“LET’S SET THE RECORD STRAIGHT:

Listening to the Left here in the US during the debates

regarding the debt ceiling increase one might have

thought that the Tea Party-ite members of the Congress

were absolutely intransigent in their positions and that

only the Left was acting in a nicely bipartisan way. Our

European and Asian clients, reading and listening to the

media’s reporting of the circumstances at the time, might

have reasonably thought only the centre-left was acting

reasonably, and we do indeed understand that

circumstance. That is how the media has presented the

case.

We just thought it might be worthwhile noting that back in

’06, before he was President and when he was the junior

Senator from Illinois, President Obama voted against the

Bush Administration’s request for a debt ceiling increase

one time. The other two times he had the opportunity to

do so, he did not show for the votes on the Senate floor.

We thought that interesting.

Worse, the Democrat Majority Leader in the Senate, Sen.

Reid, voted against every single debt ceiling increase

request when the Republicans controlled the Senate

briefly during the years noted above. He was open in his

opposition; he was adamant in his anger with the

Republican demands. Now he has been just as adamant

in his anger with the Tea Party-ites, calling them terrorists

and the like. We just thought everyone should know. It

seems reasonable and bipartisan on our part to do so.”

Thanks to Dennis Gartman for allowing me to print this. Those interested should go to TheGartman Letter.com