Saturday, July 17, 2010

BloggeRhythms 7/17/2010

Still no noteworthy news. But the nasty weather in Scotland has abated, leaving sunshine over St. Andrews. The winds are still there though, gusting to as much as 25 mph.

Yesterday's Open leader is hanging on to his lead at 13 under par, but Paul Casey, a solid, experienced player is right on his heels, trailing by two strokes. The potential phenom I remarked on Thursday, Rory McIlroy, shot an eight over par 80 Friday in the typhoon they slashed and sloshed through. That's a seventeen stroke swing from Thursday's score of 63 -incredibly almost a full stroke a hole. He came back a bit today, however, and is now six under par for the tourney.

Aside from the Open I did see one item worth noting. It seems that a side-effect of the financial debacle of the last few years has businesses rethinking money management issues. And as a result of watching billions being spent like drunken sailors by Congress and the White House without rhyme or reason, these businesses are now prudently accumulating cash. And apparently it's amounting to billions.

Now, the government's jumping up and down screaming that that's not right. The money's needed in the economy to recirculate they say, to grow more and preserve and create jobs. Yet, these businessmen know that at the first sign of more dollars flowing through the system, those bucks are going to be taxed or stolen some other way as soon as a new governmental thievery system can be put in place to grab those funds.

So, maybe, as I've written here before, the rules of the game are changing among the successful. Because I have no doubt that the businesses making money understand that the pump has to be continually primed to keep flowing and that money truly does tend to grow when properly put to work. But, at the same time they realize that once money's stolen it's gone for good. And, unfortunately for this administration they've demonstrated loud and clear that they haven't a clue when it comes to money matters.

So, I think, this time around, that all the administration's yelling and screaming's going to go to no avail, because when things are going well it's one thing to pitch in and help. But when you're pitching that money down a well with no bottom in sight, it's time for successful business folks to stop and reconsider.

That's it for today folks.

Adios

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