I’m Sorry — But Am I Sincerely Sorry?
Author: Greg Valliere
November 18, 2019
PEOPLE WILL SAY THE DARNEDEST THINGS in order to get elected. Apparently mid-November is the time to get apologies out of the way, just before the election season heats up — and what better example do we have than Michael Bloomberg, who apologized this weekend for implementing “stop and frisk” tactics in New York that disproportionately targeted people of color.
BLOOMBERG DEFENDED THE POLICY for years after leaving office, but he was greeted with an avalanche of criticism last week from liberals who proclaimed they would never support him because of “stop and frisk.” The angry criticism sure looked like a game-changer, denying him a chance of winning the nomination. So Bloomberg flipped and apologized, a cynical reversal that strained credulity.
WHO ELSE IS SORRY?
Joe Biden has apologized, insincerely, for his ties to segregationist Senators, his treatment of Anita Hill, and his creepy touching of women, giving them un-wanted shoulder rubs. All of these apologies came after an uproar that forced Biden’s hand.
Elizabeth Warren has apologized to Native Americans for claiming to be one of them. She also has backtracked on “Medicare for all,” now suggesting that something less ambitious initially may be necessary. Next we expect a backtrack on her tax policies, which the Wall Street Journal asserted this past weekend would create a tax bracket above 100% !!
Pete Buttigieg has apologized for the rocky racial climate in South Bend, Ind., where African Americans have a bitter relationship with police. Bernie Sanders has apologized for sexual harassment among his staffers in the 2016 campaign. Amy Klobuchar has apologized for mistreating her staff. Deval Patrick undoubtedly will apologize for his close ties to the health care industry.
WHO ISN’T SORRY? Donald Trump, that’s who. He has badgered witnesses in the impeachment hearings, potentially inviting a new charge — witness intimidation. He has become an albatross for Republicans running in state elections, where his endorsement generates high turnout among Democrats. And he has outraged career military officials by pardoning soldiers convicted of war crimes.
BUT TRUMP IS NOT GOING TO APOLOGIZE FOR ANYTHING, despite growing exasperation by Republicans over his Tweets, which are making an impeachment defense more difficult. He won’t back down — “this is no time to go wobbly,” as Margaret Thatcher often said.
WHILE WE’RE RANTING this morning, just why did Trump go to Walter Reed Hospital on Saturday, an unscheduled visit that somehow was connected to his physical exam — which is more than three months away ?? Trump, 73, is obese, despises exercise, loves steak and fried food and has the most stressful job in the world — so we suspect there’s more to this story. But that’s just speculation, and we’re sorry for that.
The views expressed in this blog are provided as a general source of information based on information available as of the date of publication and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Speculation or stated believes about future events, such as market or economic conditions, company or security performance, or other projections represent the beliefs of the author and do not necessarily represent the view of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and AGF accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Any financial projections are based on the opinions of the author and should not be considered as a forecast. The forward looking statements and opinions may be affected by changing economic circumstances and are subject to a number of uncertainties that may cause actual results to differ materially from those contemplated in the forward looking statements. The information contained in this commentary is designed to provide you with general information related to the political and economic environment in the United States. It is not intended to be comprehensive investment advice applicable to the circumstances of the individual.
AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). AGFA and AGFUS are registered advisors in the U.S. AGFI is a registered as a portfolio manager across Canadian securities commissions. AGFIA is regulated by the Central Bank of Ireland and registered with the Australian Securities & Investments Commission. The subsidiaries that form AGF Investments manage a variety of mandates comprised of equity, fixed income and balanced assets.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.
For further information, please visit AGF.com.
©2021 AGF Management Limited. All rights reserved.