That's my favorite term nowadays for a colossal mess, or as the British might say, a big bloody cock-up. I coined it by conjoining that fine WW II slang term, "FUBAR", with part of a very colorful expletive said by Clint Eastwood as "Gunny Highway" in the fine movie, "Heartbreak Ridge".
Today, I am using it to describe the health care bill passed by the House of Representatives this past weekend under the orders of Speaker Pelosi, that paragon of the liberal pearls, wine and brie set. The bill in normal printed form is nearly 2,000 pagers. Like a malignant tumor, it's growing rapidly as it was a mere 1,000 pages just a few months ago. Of course, no one in that august body of "leaders", the House of Representatives, knows truly what is in it. Pelosi twisted arms and / or paid off 220 of those sheep (or is "hogs" more appropriate as they no doubt got plenty of payoffs for those votes) to get it passed.
The action moves to the Senate now. They will debate it - at least nominally. I suspect most of the bloviation will be sloganeering and pontification and ad hominem attacks on the opposition.
On October 21, I published my thinking on this major issue in a post titled, "A Solution to the Health Care Dilemma". Having put my views out for all to see, hence proving I am no mere naysayer, I now feel perfectly justified in slamming the Pelosi bill as the cluster FUBAR that it is.
Can anyone imagine the administrative costs that will occur with that bill ? I suppose one way to see it is as a transfer of the entire insurance company administrative mess to the Federal government. Anyone thinking will lead to cost savings or simplicity must be smoking what Barney Frank's "friend" was growing when arrested in August 2007 (Barney was present, claiming ignorance ... sure). [btw, the press covered this sleaze up for over two years.]
ObamaCare is a cluster FUBAR. Obama and Pelosi want to drop it on the American people without anyone finding out what it will truly do or not do. They will say anything to get it through. All the slogans are propaganda to hide its provisions until to late. There is no integrity there, no reason, no concern for people or freedom. Just sheer power and the push for more of it by the DC ruling classes.
I sold the HBC calls as the stock popped on its quarterly update. The call options strategy worked well. I still have calls on MT and BA (January expiration dates).
Otherwise, I am looking around for the next "Screaming Buy" or "Screaming Sell" to deploy speculative capital. I am also monitoring Krypto Fund for possible asset allocations. I'll post whatever I do, just after I do it.
Word of the Day
"Vomiturient" - adjective [$1000]
Vomiturient means characterized by a desire to vomit.
Sentence: Anyone seriously considering what the state of America's health care system will become under the Pelosi bill should be having strong vomiturient sensations.