28
Jul
Is a government oversight.
The real art of conversation is not only to say the right thing at the right time, but also to leave unsaid the wrong thing at the tempting moment.
28
Jul
He who hesitates is probably right.
28
Jul
If you think there is good in everybody, you haven’t met everybody.
28
Jul
If you can smile when things go wrong , you have someone in mind to blame.
28
Jul
Did you ever notice: When you put the 2 words “The” and “IRS” together it spells “Theirs.”
28
Jul
Lord, keep your arm around my shoulder and your hand over my mouth.
22
Jul
We got the news that unemployment claims have risen this week. That’s in July. That’s as in traditionally one of the busiest months of the year. That puts Obama on a course of distinction:
| President | Avg Unemp |
|---|---|
| Obama | 9.5 |
| Ford | 7.8 |
| Reagan | 7.5 |
| Carter | 6.5 |
| GHW Bush | 6.3 |
| Kennedy | 6.0 |
| GW Bush | 5.3 |
| Clinton | 5.2 |
| Nixon | 5.0 |
| Eisenhower | 4.9 |
| Truman | 4.2 |
| Johnson | 4.2 |
It’s now come to light that apparently felons in Minnesota gave us Al Franken. Imagine that.
Nancy Pelosi has promised us that she will do everything in her power to diligently uphold the highest ethical standards in Congress that she possibly can and not allow HER Congress to return to the moral and ethical abyss that it was when she was in charge of it under a previous administration by dutifully doing nothing in regards to this information that a fellow member of her own party was possibly improperly elected.
When awoken with the news, Franken had no comment. MSNBC, CBS, and CNN have rushed to assure none of their peeps comment either.
The Senate passed the finance reform package. They’re sending it to Congress. It’ll pass. It’s 2,300 pages. It’s 390,000 words. When I asked a finance person what the impact would be on my personal bank, and my investments, he said “very little, if any”. Obama’s advice was a little more direct:
“Unless your business model depends on cutting corners or bilking your customers, you have nothing to fear.”
Who defines “cutting corners”?
Who defines “bilking”?
How does Obama assure that US companies are not competing with companies in other countries that are allowed to “cut corners” and “bilk” their customers?
I’m about to sign Wall Street reform into law, to protect consumers and lay the foundation for a stronger and safer financial system, one that is innovative, creative, competitive and far less prone to panic and collapse,” Obama said.
It can be innovative and creative so long as it’s not “cutting corners” or “bilking”. It can be competitive so long as it’s not “too big”. And, “safer” means less risk. Anyone who’s had anything to do with investing knows what happens when you have no risk. There won’t be any panic and collapse because they won’t have anything to lose. If they guarantee people 3% return on their money, that money will go to the Caribbean or Europe. People won’t be satisfied with limited returns. You read that here first ( I’m sure ). What’s Obama going to do when the “too bigs” decide to move to another country as opposed to being dissected? What’s Obama going to do when European and Asian banks get “too big to fail” on US citizens’ money? It will happen a lot faster than anyone expects. Why isn’t MSBC or CNN asking those questions?
