Thursday, March 5, 2009

What am I missing?

While I do think we need the current administration to start focusing on the positive and not the political crap vs Limbaugh right now, I'm trying to understand a few things

1. Errr - if memory serves Obama has been president for less than two months. During that time the dow is down from 7949 to today's 6594. A loss of 1355, yea that sucks. But exactly which party's president was in place at the 52 week high on the dow of 13194? There is no argument that one can make that the downward trend started on Jan 20th.

2. Complaining about 'hand outs' to homeowners as a bad idea. If it's such a bad idea why didn't the banks reject the money they took to stay in business? And then to turn around and give bonuses after accepting MY MONEY? At least the 'handouts' on mortgage help is going to other tax payers in trouble.

I could care less about large bonues - greed is good - but only if it is your money. If it is, do what you want.

3. Higher taxes - heck I'm in the higher tax brackets being hit - but lets be honest at some point you have to figure out how to pay for what you borrowed. I recall the Clinton years as being pretty good and we paid more taxes then.

That said - lets stop the nonsense about politics as we are really running the risk of another depression. The last time we got out of it only after 10 odd years AND World War II. Given our weapons these days WWIII is not an option....

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