Showing posts with label wall street journal. Show all posts
Showing posts with label wall street journal. Show all posts

Thursday, November 20, 2008

Can we just start over?

Here is a question, if Congress passes the automaker bailout (against the wishes of the majority of people, just like the Wall Street bailout), can we vote to vacate their seats and put new people in there? Since we are now on this whole new change kick, let's get some new blood in the legislature. Worst case, if we have to wait (and why should we?), let's vote them all out in next election and start over with some new folks. At this point, I would like to nominate myself to represent Ohio in the Senate.

Is it a problem when the CEO of Ford has an annual salary of $28 million? Also, when the leaders of the big 3 went to Congress to beg for money yesterday, did anyone else here they all arrived on their private luxury jets? I mean, if you are going to beg for money, wouldn't it make more sense from a perception standpoint to show up on a Greyhound? Or at least fly commercial?

Monday, June 16, 2008

Can you believe what you read?



Is the sky falling? Or am I just burying my head in the sand? I believe I am a glass-half-full type of person, but I am having a harder and harder time discerning the current state of affairs. The evening news is filled with crime, horror and is altogether depressing (at least I get updates on the weather every 4-6 minutes). So according to the "devil-box" in my living room, the end or the world is here. Contrary to that information is that of the Wall Street Journal. I recently perused an article with the title, "Life Is Good, So Why Do We Feel So Bad?" by Gregg Easterbrook. To summarize:

  • Unemployment is low (5.5%).
  • Income is rising ahead of inflation.
  • Even with the current media-induced housing market, the average home is still worth 30% more than it was in 2000.
  • Only 6% of Americans actually have "threatened" mortgages, and the majority of those will keep their homes.
  • Inflation is getting a great deal of press for being on the rise, however the 16 years prior to 2008 were almost inflation-free!
I could go on, but you get the point. The real question is where do we go from here?