Posts from August 2009

Let’s Not Canonize The Wicked

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Big Media is falling over itself trying to canonize the Lion of the Senate, Ted Kennedy, who died this week. But let’s not forget the man let a woman die that could have been saved while he tried to save his political career from the fallout. Apparently, he liked to joke about it. If that’s true (and the man who said it was close friend, Ed Klein), he deserves our scorn in death, not our praise. It would be a most disgusting thing to do.

The man wasn’t a saint or a great man or anything he’s being portrayed as. He didn’t give his life to public service, he used public service to become powerful and well known. He was a lifetime politician, a man who contributed little of value or import that is lasting other than a “career” in the Senate. I’m not glad he’s gone but I’m not sad either.

Why The Federal Reserve Is Immoral

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Tim over at The Mess That Greenspan Made writes about why the Fed is immoral and I can hardly improve on it. You should read the whole thing. Once you’re done with that, read about why our crisis will deepen even further instead of getting better over at Cafe Americain. I believed when I first saw Obama that as President that he reminded me of JFK in that he was highly inexperienced and seemed to be running around listening to a lot of supposedly smart people instead of making decisions on his own. This level of inexperience got us into the Vietnam War with JFK and it’s liable to do something similar again with Obama though I would hazard a guess that the war will be one fought on internal grounds in the finance industry and government.

When you lack experience to make hard decisions, you will almost always make the wrong ones. We are seeing this continually with this administration and while I do believe that he is well-spoken and well-meaning, I don’t believe he is capable of the job we have given him. It is likely to only get worse as time goes on. There is little support for the stock price surge we have been seeing since March and the U.S. dollar is under fairly heavy pressure. We are likely to see a a big fall in both starting sometime in September just about the time that the American public decides it is OK to start putting money back into the market. The result will be both obvious and terrible.