Money and Politics

If your feet smell and your nose runs, you’re upside down

Running for office: Obama gave one heck of a speech. No known connection but as the O man was talking the DOW was climbing. Both were pleasant surprises. Hillary decided to release her schedule while First Lady. If she wins the election, will be First Laddie? Meanwhile, back at the oasis, Senator McCain spoke to his camel, his troops, and anybody else who would listen. Three candidates, two parties. This reminds me of some of the fuzzy math that was spoken of during past elections.

Nosing around: Meanwhile, Dick Cheney, the “Where’s Waldo” of politics was spotted in Israel. No, it was Oman. Whoops, I mean the West Bank, Wrong, it was Saudi Arabia. Uh, uh, he flew into Turkey. That man moves faster and is seen less than a guilty husband during the holidays.

From the Sunshine State to the Rust Belt: Who is the bad guy here? Let me see if I have this straight. The states of Michigan and Florida, both members of the “Me first” club, wanted to upstage other states by having their primaries early. The Democratic National Committee said that if they do it would not count, but they did anyway. All eight candidates (back in the days before the dropouts dropped out) signed an agreement to ignore the to baddies who had violated the rules. Now the baddies are crying “Foul!” Sir Walter Scott got it right: “Oh what a tangled web we weave when first we practice to deceive.”

Some good news and some bad news: ICE and Homeland security have teamed up to sweep many of those who entered this country illegally back from whence they came. More than 380,000 illegal entrants have been deported in fiscal 2007 compared to 186,000 a year earlier. That is a good thing, right? Maybe yes, maybe no. Reports from around the country show that many menial jobs typically held by illegals are going unfilled. Labor intensive job are among those where shortages exist.

Snip snip. How much will it help?: At this writing the feds just announced an interest rate cut of 0.075%. Within minutes the DOW dropped over 100 points. Not sure where it will end but the free fall continues. We will keep you posted.

A little blogging music Maestro... “Every Little Bit Hurts” by Alicia Keys.

Dr. Forgot