The hard part for Romney..

..is to beat McCain. Hillary Clinton will be easy. Romney hit the mother lode when he cited " the idea of Bill Clinton back in The White House with nothing to do." My first thought was of a red-faced, white-haired, wheezy, old lecher with a quadruple heart bypass getting a blowjob in the Oval Office from a woman who is not his President. But even less of a vote-winner may be the realization that President Clinton disapproves the 22nd Amendment.

I think since people are living much longer . . . the 22nd Amendment should probably be modified to say two consecutive terms instead of two terms for a lifetime.

I will wash myself in £50 notes.

I've been adding to my bet on Romney for President. My original bet was £1,000 at 20-1 and I've added to this at 12-1 and 8-1 . My last tranche (£5,000 at 8-1) moved the odds 5 minutes later to 6-1. I'd win about $140k were Romney to win in November. I'm not sure that Romney will win. I am sure that the odds are attractive.

Simplify the nomination to McCain or Romney, then, absent other data, Romney's chance of winning both races is 2-1 against, but a bookie needs an edge so should offer worse odds, eg Hillary is offered at evens. The odds against Romney, then, seem way out of whack, unless you believe McCain is the front-runner (I don't...no base,less money,old age) or that Giuliani stands a chance (I don't...no fire, no money) or that a Democrat would be favoured in the General Election (I don't...Romney would humiliate Hillary or Obama on Presidentiality and policy, especially Iraq).

Now there is definitely a slug of wishful thinking in my opinions. I shudder at the thought of McCain, Hillary or Obama as President and admire Romney, but, as a wizened speculator, I'm used to allowing for my own biases and building in surplus odds to overcome them. Even at 6-1, this is one seriously mispriced bet. My theory is that the MSM have belittled Romney as both a conscious and sub-conscious enactment of their own biases and fears and their mood music has wafted into the ear of 'experts' and out the other ear into the shell-like of betters and bookies. My bet exploits that pathology. Long live conventional wisdom!

The train is about to depart..all aboard

John Hawkins:

Mitt Romney (winner): Mitt was very good tonight. He got off the best lines, said a lot of things that were pleasing to the conservative ear, emphasized that he was an outsider, and fortunately he didn't get beaten up a lot (He's not very good on the defensive). This was a very good debate for Mitt Romney in a crucial debate, before what looks to be a very close Florida election.

Making money out of misery

The New York Times slithers on to a bonfire of its vanities. Recent outrages include depicting Iraq vets as pre-disposed to murder when they return home. In fact journalists are more pre-disposed to murder. I dunno, I'm pre-disposed to favour the class of people who volunteer to defend my freedom, but I'm also pre-disposed to despise the class of people who are pre-disposed to libel the class of people who are pre-disposed to defend my freedom.

And that's why I've just bet that the New York Times' stock price will go up from $14.30 with a stop at $12.30. It's a 'catch a falling knife' kind of bet as can be seen from the graph. The NYT market cap. has been murdered since the invasion of Iraq, down more than 70%.



The Times has deep-seated negatives:

1. It is a lying, treacherous, cowardly, unlearning thing.
2. It has shallow pockets.
3. The Sulzberger family controls the voting stock.
4. New media like Craigslist are taking the Times' traditional revenue streams.
5. Rupert Murdoch's Wall Street Journal has the Times in its crosshairs.

But most of this is priced in. It also has positives:

1. The brand, which is mixed in with New York's brand. After all it is the leading paper of the leading country in the world. In other businesses that cachet could be worth billions.
2. The content: its site is very decent and much of its reporting is worthwhile. It's archive may be worth hundreds of millions.
3. The property: eg the new Renzo Piano HQ right opposite the Port Authority bus station and virtually on Times Square is probably the best recent skyscraper in America.
4. The equally ugly sister: I doubt the Boston Globe's value is less than zero.

Here's a nice piece of speculation that Google might buy the Times.

Time to make the call

Mitt, good morning. Now's the time to call Fred. "Fred, I like your debate performance and your persona. We agree across the board on the broad strokes of policy. We're on the same side splitting the conservative vote. That risks Florida giving unstoppable momentum to your friend John. Then conservatism is finished for the foreseeable future. I want you on my side. What will it take?"

A rainbow casts a shadow

A dark thought of a GOP Rainbow Coalition just cast a shadow on my morning. To whom might a McCain-Huckabee alliance appeal in the Republican party ? Let's see..

'Moderates'
Older vets
Hispanics
Pro-Lifers
Evangelicals

When Huckabee exits there's scant reason for Pro-Lifers and Evangelicals to lean to McCain unless the alliance is an explicit teaser for a McCain-Huckabee ticket. If there's a stop-the-Mormon faction, it would vote McCain post Huckabee and sans Huckabee, but more Evangelicals might be attracted by Romney's upright life and social conservatism.

I like Fred Thompson except that he lacks executive credentials, but as VP on the ticket (McCain's or Romney's) I'd question his energy for a campaign. I'm perfectly happy with Presidents and VP's with low energy levels - actually it's a good thing; give short speeches, get the big things right, down a cognac, smoke a cigar, go to sleep. Romney/Thompson would be an amusing double-act as a Rainbow Coalition of ascetics and bon viveurs.

Here's Thompson addressing Michael Moore:

Now I feel better.

Bobby Fischer

Rest in peace.

The Rude and Uglies

Mitt, good morning. Here's why you can be President and I can't: you could refrain from kicking Glen Johnson in the teeth when he sneered at you from his throne on the floor. You have nice teeth, by the way, but I notice from the Johnson video a slight roundness of the shoulders which doesn't match the heroic hair. Pad up, man! Think Buzz Lightyear. Watching it again, maybe if you had kicked his teeth out, you'd have won the Nomination on the spot and probably stopped Iran in its tracks too.

I do enjoy how you lure the Rude and Uglies to puff themselves up with self-importance to the point where they go pop. Here's an oldie but goldie:

Michigan Primary: bet by bet

It's 25 minutes before polls close. As well as $2,000 on Romney for President at 20/1 I have $500 on Romney for Nominee at 15/2.

The odds have shortened to 12/1 for President and are not available for Nominee presumably while exit polls are becoming public.

On Drudge I'm reading Romney 42%, McCain 30% for 0.59% of votes in. Woohoo!

Ow! Now its 35%/32% for 4.38% of votes. I should be in bed. It's nearly 2am in London.

Fox calls it for Romney. Paul Mirengoff at Powerline writes:

So who is the front-runner now? There is none.

@ 2 golds,2 silver
@ most delegates
@ most votes
@ most money
@ Limbaugh hates McCain and Huckabee for nominee
@ Conservatives hate McCain and Huckabee for nominee
@ Giuliani's done nothing to date (and I suspect his health)
@ Thompson's done nothing. (But would make a good running mate. Note he's starting on McCain now, but he's fairly gentle with Romney).

Paul Mirengoff has his head where the sun don't shine.

Now it's 40%/30% for 20% of votes. Time for bed. Mick makes a good point - Nevada's next alongside S.Carolina. That's worth 34 delegates against SC's 24. Bed! bed!

Fairly Super Tuesday

It's a big day:

1. Michigan Primary Day - there's plenty of positive and negative momentum at stake. Down, McCain! You've been the most effective anti-conservative influence in the country for years. Were you a Democrat, you might have done some good. You're like a male stripper at a rugby club night out - right man, wrong party. Down, mighty McCain, down in the hole!


2. Macworld 2008 Keynote - this year's virtuoso session with Steve Jobs. I saw him in London in the early 90's giving a 2 hour NeXT demo and was impressed by the assurance of this man who'd been fired from Apple mark 1. [As an aside, the original World Wide Web system was developed on a NeXT machine.] The big rumour for today is that il miglior fabbro will announce an ultraportable, the Airbook, dispensing with dvd drive, spinning hard drive, ethernet conection, but using flash memory and wifi only.
Drool.. Note the wing shaped profile..oooh. Turn on a fan, tip the Airbook to a slight angle of attack and it will sit in space 6 inches above your knees. Cool. What it needs is a decent docking station...an iMac minus its innards with a slot at the top to drop in the Airbook.

I will wash myself in ten pound notes

If Romney wins the Presidency, I win about $40,000 as I bet £1,000 on Romney at 20-1. Since then Fred's eviscerated Huckabee:
..and now McCain's getting his clock cleaned by Limbaugh, Levin, and Santorum. Romney took his heaviest fire weeks ago and really that boils down to a single idea - that he's a flip-flopper (oh, and a Mormon). The flip-flop meme echoes the 2004 case against Kerry, which worked pretty well because it's true, but

Michigan Democrats should vote for Mitt Romney, because if Mitt wins, Democrats win. [says King Kos]

Democrats view Mitt Romney as weak? They're fooling themselves....Democrats will try to run the same "He's a flip-flopper" campaign that we successfully destroyed Kerry with, but there are some key differences here. John Kerry flipped, flopped, and flipped again. Mitt Romney has consistently shifted rightward throughout his career. John Kerry was an ugly, boring, dull, unlikeable man. Mitt Romney is an intelligent, articulate, likeable Conservative. Let Kos plan, it'll only hurt their chances in November.

Add that Romney's a Governor, Kerry's a Senator; Romney made his money, Kerry married his; Ann Romney is an asset, Teresa Heinz Kerry was a liability; Romney's right, Kerry's wrong. No contest.

In a long campaign substance has a way of working it's way through to the public consciousness despite the msm's bs, so my politics still boil down to "bet on the Mormon."