Wow, the Dow is already starting to crater. A bunch of crappy companies got tossed out, a bunch of crappy companies are still in-like GE, a couple of banks and that type II Diabetes producer, McDonalds. CNBC's Joe Kernan called McDonalds the trade of the decade. Maybe we should make McDonald's foot the health care bill. Didn't we make tobacco do that? With unemployment ticking up again, deflation showing up in the CPI number, housing numbers down, and a government that is mired up to their ribs in debt, there seems to be little support or little means to effect another rescue. I still think the worst of it will show up in quarter 2 right about fireworks time. I shoulda known the rats would leave the ship early. A jobless recovery? A housing less recovery? Even GE is selling CNBC. Why? Ad revenues are down. Who's gonna tune in- in the upcoming years? Warren Buffetts kids? More fun to come.
Showing posts from January 17, 2010
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I've watched two interesting events this week. Massachusetts electing a Republican Senator for the first time in my life was outstanding. Unfortunately, it won't change anything. The other event was Obama calling for tighter banking regulations. The same type of regulation that the Glass Steagal act accomplished quite well for 70 years. You see, Glass Steagal would still be around had politicians not removed it in 1999. Oh yea, Sen. McCain has called for a return of Glass Steagal. Interestingly enough, he voted to remove it in 1999. Perhaps he has had second thoughts. All of this of course makes me very happy. Happy that I didn't vote for either of these two idiots. Now it makes me warm and fuzzy to see anyone with an (I) by their name get their ass kicked out of office. Every one of them. But Massachusetts didn't have an incumbent. Voters there simply gave a middle finger to the Dems and their worthless programs like the Health Care Bill with the Nebraska option. Geezu
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I have a friend who works for Glock. The have a poster on the wall entitled, "Glock Salesman of the Year." It is a picture of our fearful leader staring off into space. I am a half century old. I have seen a couple things in my time. Things which are accepted fact among idiots like me. We know that cocktail waitresses and strippers get boob jobs in Vegas. A tennis ball behind the gun rack and back window of your truck will keep your gun from rattling around. And Massachusetts never elects a Republican to the Senate or the House, ever. When our fearless leader talked about hope and change, I'm not sure this is what he had in mind. I had a feeling it would turn out this way. It doesn't take moral courage to go to college. It doesn't take moral courage to teach for 12 years. And it doesn't take moral courage to think you have moral courage. They just don't teach guts 101 at any university. Obama is the kind of guy that thinks being President is all about him.