Belmont Club

And the word was made fresh

Jake Tapper at the Politico describes the newest response to the economic crisis.  Logos. Wikipedia defines a logo as follows: “A logo (Greek λογότυπος = logotypos) is a graphical element (ideogram, symbol, emblem, icon, sign) that, together with its logotype (a uniquely set and arranged typeface) form a trademark or commercial brand. Typically, a logo’s design is for immediate recognition.[1] The logo is one aspect of a company’s commercial brand, or economic or academic entity, and its shapes, colors, fonts, and images usually are different from others in a similar market. Logos are also used to identify organizations and other non-commercial entities.” Here’s the Obama recovery logo.

In remarks at the Department of Transportation this morning, Mr. Obama referenced the new emblems.

“We’re also making it easier for Americans to see what projects are being funded with their money as part of our recovery. So in the weeks to come, the signs denoting these projects are going to bear the new emblem of the American Recovery and Reinvestment Act,” Obama said. “These emblems are symbols of our commitment to you, the American people — a commitment to investing your tax dollars wisely, to put Americans to work doing the work that needs to be done. So when you see them on projects that your tax dollars made possible, let it be a reminder that our government — your government — is doing its part to put the economy back on the road of recovery.”

I like this one better.

And … President Obama offers some investment advice. That’s right. Don’t walk, run to your broker and buy, buy buy!. Now you might want to do it anyway, but for other reasons and not just on the say-so of the President. That’s what’s called taking charge of your own financial future. You could win or you could lose. But I don’t believe it when someone simply says ‘you can only win’. Jake Tapper quotes the President:

President Obama told Americans to take a look at investing in the stock market this afternoon, a remarkable utterance for an American president, especially as the Dow Jones Industrial Average proceeds on its course Southward.

“What you’re now seeing is … profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it,” the president said on a day that trading continued to hover under 7,000.

The president predicted that Americans’ consumer confidence would improve as they see the stimulus bill “taking root.”

“Businesses are starting to see opportunities for investment and potential hiring,” he said. “We are going to start creating jobs again.”

One can hope. But as one reader put it, it dawned on her that “there is no cake. The cake is a lie.” We’ll know soon when we line up for our slice.