bobbobwhite

Wall Street Breakfast: Must-Know News

Forget about sweeping gov't changes as a result of this economy. The day we allowed lawyers to become professional politicians is the tragic day we let our country down, as sheep always do. These guys make the laws now that suit them, not us. Do you think that will ever change?

Politics used to be a way station within a successful career, a place where you stopped for a few years and then returned to your profession after a public service stint well done. Now it's a profession like any other, but others don't have the influence or the money that "gov't service" and "elected office" has today. That's what brought all the slicksters we have now into it, and they will never leave.

Wall Street Breakfast: Must-Know News

Ever since the Civil War, social anarchists have been trying to get America to "redistribute the wealth", giving an equal amount of money to all Americans regardless of race or color. My idiot nephew is one of those anarchists.

The problem with that moronic and shortsighted thinking is that in a short time, it would all be "redistributed" right back to the way it is now just like water seeks its own level. Giving money to the irresponsible doesn't change them into responsible citizens, it just gives them a good time until all the money is gone. My granny used to say, "some poor folks people are poor by circumstance, but most are poor by nature." So true.

Is redistribution what Obama is now trying to do? And, is it really just another way of getting "reparations" ?

The Mortgage Meltdown: Is the Other Shoe About to Drop?

"The gift that keeps on giving"......... I am sure that places like Hallmark, with it's Pollyanna feelgood phrases of eternal optimism, never in a million years saw this crisis coming. But, the rest of us...........where were our heads?

This recently exposed recession/depression will surely either clear out the vast debris clog of, at best, fiscal irresponsibility, and at worst purposeful criminal activity. If not, the abject failure of well-paid Wall Street financial houses will lead our way downward toward total system failure.

My best clue to what will happen is.... after all that bailout/handout money, nothing is getting any better. The vast infusion of taxpayer dollars to failed banks has done no perceptible good, as all it is seemingly accomplishing is encouraging the undeserving recipients to unashamedly ask for even more. And, the worst of it is....not one word has been spoken by the gov't about helping all the very responsible people who helped build this country get back what they lost in their retirement accounts through no fault of their own. That is a travesty!

Has the last shoe fallen? I do not think so. Not even close.

Wall Street Breakfast: Must-Know News

The only thing that gives me any optimism is that when the movers and shakers that be decide to switch to an up market, it will then happen. This odd and often shocking occurance ususally happens almost to the contrary of good and practical sense, just as a move to the downside does as well.

Put in all the logic and realism and rationale you think is appropriate and then double it, but it all still moves mostly on arcane and ephemeral factors beyond the comprehension of the practical human brain. Only "those" brains who ordain these changes have a clue as to the reasons for them and they will not only continue to keep those reasons more secret than the Skull and Bones society, but they will also keep doing whatever it is they choose to do and when, and we will still sheepishly follow them every time into that perpetual dark abiss that explains nothing, nor wants to.