Saturday, August 13, 2011

A "Media" Break - The Week on Wall Street

Like most American Persons, I have been watching Wall Street's wild week through the media. I have seen my 401K become a 0.401K then a 4.01K and finally return to a sort of 401K. Actually, the market is down only slightly at the end of the week. This makes me wonder if it isn't best to take breaks from the media "hype" about everything.

I need to remember that the media is driven by RATINGS, not my need for accurate, unbiased information. After all, news organizations are owned by the same PROFIT DRIVEN enterprises which show me Kardasians rather than people doing good in Sudan and brides buying wedding dresses or mother obsessing over their baby beauty contestants rather than information about world events. It is no wonder that news organizations will show me the one teen rioting in Philadelphia rather than the 100's doing good in their neighborhoods. Like any profit driven organization, we need to remember that their motive is to maximize their profits. Insurance companies, hospitals, all of them are only driven by anything which benefits the American Person if they can make a profit at it. Look at your jobs -- or rather look at the job you had which they sent to some foreign country because that country's person is willing to work for pennies rather than dollars per day.

OK, I'm starting to ramble, but you get the idea. We went through this week obsessing about our retirement funds only to see that things worked out OK at the end of the week. Maybe I should have taken the middle of the week off and just looked for the news summary at the end of the week

Volume was much lighter than on any other day of the week and intraday swings were far less violent than in previous days. Both signs suggested a drop in investor anxiety.
Still, the market was down for the week and posted its worst three-week decline since March 2009 when it hit 12-year lows.
 Take a break, don't pay all that much attention to the media for a day or two and save lots of anxiety and consternation. Take a media break.

Sunday, August 7, 2011

Super Congress?

OK, let me see if I get this straight. The problem with Washington is the partisan divide in the congress. So, with the passing of the debt limit bill, we are going to create a "super committee" which some are calling "Super Congress" made up, in all likelihood, of the the stars of the partisan-ism and the "idiots" actually expect this group to accomplish something!? Exactly what are they putting into that "tea"?

The crux of the failure of Washington D.C. is the fact that moderates with any hope of compromising on anything are squeezed out. Perhaps congress should look at its own approval rating. Only 1.5 people out of 10 think they are doing a good job and I suspect that these are the actual Senators and Congress members themselves. I'm thinking that the 1/2 of the person also doesn't include a full set of brains. If they're divided top to bottom, it's the bottom half and if they're split vertically, then it includes only half a brain. For anyone in Washington D.C. half a brain is probably less than 50% because I believe part of becoming a politician involves having half your brain sucked out through a crazy straw.

I suspect we'll see those triggers kick in, but be overridden by the gravy-loving special interests so that the less wealthy of us will continue to suffer at the hands of the "idiots".

Thursday, August 4, 2011

Congress, Approval Rating in the Crapper

A record 82 percent of Americans now say they disapprove of the way Congress is doing its job, compared with 14 percent who approve, the poll found.
The disapproval rating for Congress was the highest in the 34 years the question has been asked in the poll and up from the previous high of 77 percent set in May 2010.
So this is a surprise to anyone!? The problem is, however, that congress is doing a crappy job, but MY congressman is OK because he brings money back into the district. It's why incumbents continue to hold office.
But I think that the new crop of Tea Party idiots in the house are really laughable. At least, I'd be laughing if it wasn't so serious. These morons think that they can demand their way and get everything they want without any compromise or moderation. They are like the spoiled brats of the Washington zoo. Many of them call themselves Christian which is laughable since they don't care for anyone except themselves and their rich contributors. Christ would roll over in his grave if he hadn't risen at the very thought that these idiots can use that term.
Seventy-two percent of the poll respondents disapproved of the way Republicans in Congress handled the debt ceiling negotiations, while 60 percent disapproved of the way Congressional Democrats acted to resolve the crisis.
You really hope that more moderate heads prevail in the future discussion of budget balancing. But there is little hope for the "gang of 12" who will work on future budget balancing efforts. The Republicans will have to put at least one of the Tea Party idiots on the panel while the Democrats will have to put one from the ideological opposite on the "gang". Maybe it should be more the "gaggle of 12" since they have about as much hope of any substantive compromises the solve the nation's problems at the geese which they seem intent on imitating.