There are some things about government, and particularly so-called leaders, that I just don't understand. Because, as I keep typing lately, it seems to me that DC's been sent a message that folks are fed up with the current situation and are demanding change.
To add to that conclusion, not only has the point been underscored by the results of this past election, the president met dissatisfaction everywhere he went on his overseas junket. And according to recent poll results here, almost 60% of the public want everything undone that's been passed in the last two years regarding taxes, health care, failed employment strategies, earmarks, unbridled wasteful government spending and almost anything else you can think of.
So, what do the Democrats do when faced with so much aversion to what they've done in office? Why, first and foremost, they keep Nancy Pelosi as minority leader in the House. And who was one of her most staunch supporters? None other than Barney Frank. Thus, with those two still leading the charge, it's a given that they'll do nothing to help us all out and just keep making the recovery harder. But the good news is, they have no chance in the world to have any power again.
On the other hand Warren Buffet wanted people to know he thinks the U.S. government performed well during the economic meltdown of 2008. He wrote a thank-you note to "Uncle Sam," published in the NY Times op-ed page on Wednesday saying he thinks the government should be praised for its efforts to stabilize the economy with massive bailouts and stimulus spending.
Although he believes some specific decisions will be questioned, he says actions taken during the crisis were "remarkably effective." He particularly pointed out that Federal Reserve Chairman Ben Bernanke, Treasury secretaries Hank Paulson and Tim Geithner, FDIC Chairman Sheila Bair and former President George W. Bush "all acted courageously to right the economy."
I thought it was interesting to see who he mentioned specifically, and also who he left out, although I don't think his comments were politically motivated. Beyond that, during a follow-up interview on WNBC he stated that he much prefers investing in stocks, not bonds for the present.
I've been around long enough to know to do my own homework, no matter who the pundits are that provide advice, because they all have some kind of axe to grind or other. But, on balance, Buffet seems to be pretty down to earth whenever he's interviewed. But whatever the case, I hope that financially the country can do as well as he does, because he just doesn't seem to lose.
That's it for today folks.
Adios
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