What's in What's out and What's up
What's in:
Bush bashing.
Anything "he" does takes fire even if his policies have helped stave off a financial bloodbath, international humiliation and terrorist attacks within the USA. Its just convenient to find a scape goat for any and all ills imaginary or real. Remember our most revered leaders are remembered well by history even if they had to do things that made them unpopular in their time. Think of the abuses that were hurled at Washington, Lincoln and Truman when they made the decision to do the hard right instead of the easy wrong thing.
What's out:
Saying anything that might suggest you are in favor of the course we are on.
If you look at an old newspaper (try 25 years ago) you might have a more positive take on where we are headed, but most people would prefer to leave miserable moments behind in their quest for utopia. The world is in a state of constant change. It's what we do about meeting the challenge of change that determines whether we are on the right track or not. All successful strategies are malleable. We have made some mistakes, but even mistakes can open up opportunities that didn't exist before they were made.
What's up:
Strong socialistic headwinds.
The populist support for a socialistic USA is troubling. We will need a strong leader to resist this dangerous swing that would trade freedom for serfdom.The market will, recover (beyond our wildest dreams) if and only if the free market forces that have nourished it are sustained. If , however, big government saps our nation's strength through higher taxes and regulations, it would be wise to short the market and buy gold. If you are an optimist buy those stocks that were hurt the most and are selling at bargain basement levels and you'll be well rewarded for believing that Americans are still a freedom loving people..
posted by John Rhein @ 7:52 AM
2 Comments:
Capital thoughts for the day
Good news-When capital gains tax rates are lower than regular earned income rates more revenues accrue to the govt's coffers.
Bad news- Some government officials want to substantially increase the capital gains tax rates. The inevitable result will be sluggish less capital formation and less wealth in the hands of the people.
Questions - Are these officials acting in the best interest of our country? Is it possible that they are acting in their own self interest,raising public clamor for change, kindling enmity among those who have less against those who have more? Why do they want to punish a system that has proven to be successful? Why do they want to reverse the economic progress the country has made since the Carter years? Hasn't involuntary wealth distribution proven to be detrimental to the public welfare? Do you think they will be able to fool the people, or do you think the public is more perceptive than they think they are?
To me the answers are obvious. I wonder if they are to you.
Now that we can see the OBama agenda unmasked and in the breech, I wonder if many people who voted for him are having sticker shock. Hold on to your wallet and try to insulate it to keep the inevitable inflation from burning up your purchasing power.
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