Saturday, January 19, 2008

Note to the Government - less talk more walk!

Thoughts by others:
We've moved into a new phase of the subprime debacle, and I don't mean bear market, but fight for investment survival. Warren Buffett has described debt as a dagger aimed straight at the heart of a company. As they say, "if you owe the bank 100,000 dollars, you're in trouble. But if you owe the bank 100 million, then the bank's in trouble."

After a wild week in the markets, there is so much to write about, it is hard to know where to start. The headline number says jobless claims fell 20,000. That would be good news, if it were true. Sometimes you need to look behind the curtain to see how these statistics are made. As we will see, claims were actually up by 26,000.

While we're at it - Inflation should represent all costs not exclude the most basic costs - food and energy!

While they are changing the definition of many things to Reality - let's have the popular vote elect the president - not a collection of political based areas in the states - Electoral College
Electoral votes by state/federal district, for the elections of 2004 and 2008
The election of the President of the United States and the Vice President of the United States is indirect. Presidential electors are selected on a state by state basis as determined by the laws of each state. Currently each state uses the popular vote on Election Day to appoint electors. Although ballots list the names of the presidential candidates, voters within the 50 states and the District of Columbia are actually choosing Electors from their state when they vote for President and Vice President. These Presidential Electors in turn cast the official (electoral) votes for those two offices. Although the nationwide popular vote is calculated by official and media organizations, it does not determine the winner of the election.

I could go on and on - it is imperative that we move toward What the People want - not what the politicians and their ilk need. Political Lobby Organizations should be illegal. Good and bad!

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