To a bull, the market's enemy isn't boom-and-bust cycles, but bad economic policy.
The ban, as you might imagine, is not only a dollar short and a day late, but also bad policy.
"At the end of the day, not only is this bad policy but its also bad economics, " he says.
"I understand the politics of it, but it is very bad policy and I'd love, for once, the policy to trump the politics, " he said.
But we are not going to make bad policy decisions through the artificial lens of hoping something is bipartisan, because in the end the test will be whether or not we have rules in place that prevent this from ever happening again.
It's a mildly entertaining game to wonder what stories we would tell to justify the quick but often bad conclusion suggested by a raw number - the policy, social or cultural reasons that explain the apparent Finnish lawfulness, for example - "so much more civilized, those Scandinavians, even in prison" - or the performance of US universities.
But higher prices on certain items due to supply disruptions or bad policy have nothing to with money supply.
This gives the media and the voters a new way of judging the government's actions not whether a policy is good or bad for Britain, but whether it represents a victory or defeat for this or that ministerial faction.
As is, we're getting a bad trade: Republicans may gain political benefit, but Democrats get the policy.
This is not necessarily a bad thing, but it has highlighted conflicts between religious aims and public policy.
But in the name of bipartisanship, the President is not going to codify bad policy.
Market commentators will apply all manner of reasoning and faulty to logic to the stuck nature of stocks, but the answers necessary to explain the past and present are really quite simple: bad policy.
We won't speculate about Obama's motivation here, but relying on assurances from "the Muslim world" not to support terrorism is bad policy because Shariah mandates that Muslims donate zakat to charities and it also mandates that a portion of those zakat donations go to Jihad.
But let's just say from the standpoint of social policy it's just bad social policy to have people earning such a low wage that they feel frustrated, that they feel they can't get ahead.
As governor of Texas, Mr Bush can hardly be judged on his foreign-policy achievements, but he has been a prominent supporter of immigration (not a bad guide in Republican terms) and he has inherited an experienced foreign-policy team from his father.
This failure of communication may look bad, but it is hardly unprecedented: since Eisenhower, presidents have seldom used their cabinets to make policy.
Government will never be able to legislate away all bad bosses, but trying to do so will ultimately make the workplace less flexible and hurt those the policy is designed to help.
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The policy would give businesses based on the U.S. a competitive edge, but may be bad for you if you are looking to export your labor.
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"This is what they need to rally a certain part of their base, but it's going to come at the expense of a lot of other people who say this is bad policy and a usurpation of the authority of the legislative branch of Congress, " he said.
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