Kanye, it's not a vacation

I once had a client, back when I was a stockbroker, who owned a very bad stock. The stock in question was bought, unsolicited, at .16 cents, and had rocketed to $22 over several days (though we did get to sell more than a bit at $18). Then it got halted. My client asked my opinion on why it got halted. That night the President (Clinton as I recall) was on national television and mentioned that same stock as he spoke about stock scams.

The next morning I told my client that the stock was worthless. He mentioned that it had yet to start trading. To which I replied

“When the President of the United States says negatives about something, it is over.”

I mentioned this because I feel much the same can be said about Kanye West.

Though it has caused a bit of a stir in the media, President Obama was overheard speaking about West and his actions at the VMA’s this weekend. When President Obama was asked what his opinion was he stated

“He's a jackass.”

It’s simple and straightforward. The most loved President in my lifetime has stated that Kanye West is done. Even in a world of ADHD and instant fame, I cannot imagine a recovery from that.

Not that I think Kanye should get yet another chance. He has had plenty. And in each instance he has reacted with a fake sincerity that begs someone to punch him in the mouth.

But now that President Obama, the figure that some hold in regard equal to religious figures, has stated his disdain… well what else is there. Kanye West should just slink away and enjoy whatever money he has not spent so far in self-gratification.

In this one instance I can say that I’m in full agreement with President Obama, and hope that his Presidential action reflect across the nation.

{As a side note, the stock in question did start trading after the President spoke. It opened at .25 cents and ended the day at .005 cents as I recall. It was worthless the next day.}