Daily Reckoning
I get an email every day from a financial website called the Daily Reckoning. It’s mainly good stuff, once in a while they go a little off (as Aussies sometimes do) but it’s mainly good reading.
The email I received yesterday contained this:
“Buffett says inflation is exploding,” according to CNNMoney.
What can people do? A report in today’s news tells us that many are “delaying health care.” Probably a good move for the oldsters. If they put it off long enough, they won’t need it at all.
You could hang George W. Bush for inflation too. It would be fine with us. He let government spending get out of control. “Deficits don’t matter,” said his #2, Dick Cheney. More new federal spending and US financial commitments were added in the Bush years than under all the rest of America’s presidents put together; and more new money was created while George W. Bush was president than in all the years since the Declaration of Independence combined. Legally, we don’t know if that charge is enough to hang a man. Besides, it seems extreme. In the middle ages, if the keeper of the mint allowed monetary inflation, the king had him castrated. That seems like punishment enough.
Buffett says he is supporting Obama.
I like it! Nice touches of sarcasm along with supporting data. I don’t think I’m an Obama supporter, but I know that Bush has sucked - and he’s not likely to grow a pair before the election this fall.
There’s no real point to this post. I just liked the email and wanted to share my thoughts on it.
gk
Tags: Bush is an idiot, Bush sucks, castrated, Debt, Dick Cheney, GWB, Warren Buffett