The Doctors and Drug Companies are Next

Since our Dear Leader and Congress now dictate corporate pay and apparently have the power to fire executives of private companies, my bet is that health care is next. You'll hear all sorts of rhetoric about excessive doctor pay and windfall drug profits, all of which will need to be sacrificed at the altar of the 'greater good,' whatever that is... It's funny to me that whether its a star athlete or a corporate executive, people from outside those professions always seem to know what proper compensation levels should be, and are always the most vocal about it...

Oh, by the way, I hereby extend my apologies to President Obama for off-handedly likening him to Kim Jong Il with the 'Dear Leader' reference. If that speech is now a violation of law, I plead ignorance, and throw myself on the mercy of the court.

The Santelli Rebellion

This video of Rick Santelli on CNBC this morning sums it up. Forget calling it the Chicago Tea Party, this is the start of The Santelli Rebellion... He's clearly a better thinker than anyone in Congress at the moment! SANTELLI '12 - It's not "yes we can," it's "yes we WILL." Viva Capitalism!

I feel refreshed

After a fine Saturday motorcycle ride- 180 miles, partly sunny, 44 degrees. Oh yeah, it'll do for February....

Roll Over, Thomas Jefferson

With B. Hussein Obama becoming El Presidente today, the small strides we have been taking towards socialism the last 20 years will become an olympic-sized long jump....

Thomas Jefferson, Adam Smith, and countless others who advocated free minds and free markets are surely rolling over in their graves today. Let's hope for the best!

Happy New Year

I hope you have a great one. Only one prediction this year, and it's an easy one: I think this year is going to be difficult, at least in terms of the collective financial funk we're in at the moment, but we'll somehow muddle through. On an individual level, we Americans will be learning what it's like to live within our means this year. That can't be a bad thing! Personal responsibility- what a concept!

Sign of the Times

A woman is apparently attempting to lay the blame for her investment losses with Madoff on the SEC (and thus the taxpayers). Uh, yeah. Even though I left my homework with your dog, and your dog ate my homework, the teacher should now flunk you, not me. I bet she bought her house with no money down and an adjustable interest-only balloon loan, too.

Much More Than Meets the Eye

The most interesting thing for me regarding the Obama election win last night was Jesse Jackson. Yes, the numero uno race-baiter was at the Obama victory celebration in Chicago, crying his eyes out over the historic win...

Was he crying due to happiness that racism is defeated? Was it more likely that he has much less to complain about now that a black man has been elevated to the highest office in the land and will be considered the most powerful man in the world? Call me cynical, but I believe it's more that latter than the former.

So there is your immediate positive effect of an Obama victory- go figure; I knew that if I thought about it long enough, I might find one- a solid nail in the coffin of Jackson's race-baiting business. Time to find a new line of work, Jesse.

My name is Dennis and I approved this message...

I am SO ready for this election to be over. I feel like I will explode if I see one more political ad. Johnrak McBama keeps asserting the HE will be the one to single-handedly get us out of an economic mess that Congress started for us back in the 90's... Uh, yeah. (Don't get me wrong, Congress and Wall Street then fanned the flames back in the early 2000s, then every knucklehead in America spent what they saved and then way more- so there's plenty of blame to go around!)

I am not really happy with either major party candidate, and Bob Barr (Libertarian) has no shot at winning. Regardless who wins, rest assured that we will get what we deserve for putting either of these two in the White House. I just hope that we can maintain our identity as a free people through some potentially difficult financial times immediately ahead! We've survived idiots in the White House before, and my guess is that we'll do it again. I say it somewhat jokingly: God save the Constitution!

Moral Hazard

Today is a 'good' day for the markets, but a bad one for capitalism in general. Apparently, we taxpayers are bailing out the entire financial system. What does this mean? The same mistakes in mortgage finance and credit will be repeated. This is akin to a short-term fix for a drug user, but no re-hab. Shame on the government. As Jim Rogers often says of both Democrats and Republicans, "a pox on both their houses."

I Better Ramp Up My Travel Budget

At least I should within the U.S. :


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