Tuesday, May 24, 2005

John McCain if running for President, Again

John McCain will get a lot of credit for reaching a compromise to avoid the vote on the filibuster. In the short run, Bill Frist and George Bush are stymied in their attempt to let the majority confirm court judges. More judges will go through than without the vote, but the "moderates" have assumed a powerful roll.

"Moderates" is in quotes as several of the group are out of the mainstream. It is an interesting group to include Byrd, Chaffee, and Graham. The group could propose social security, energy and other compromise legislation.

The American system of checks and balances sometimes creates strange bedfellows. It is also like trying to block water from going down-hill. Finally, passing a bill through congress is like making sausage, the end product is pretty good but no one likes to watch it being made.

Most Americans do not believe the country is headed in the right direction. The time to buy stocks is during times of pessimism. I can hardly imagine more pessimism during a "great" economy. The economy is great because it is ideal for the growth and profit of American businesses. Stable growth with low inflation and low interest rates, what more could an investor want?

BUY THE BIG BULL! AMERICA IS STRONG. THE NET WORTH OF THE COUNTRY IS AT AN ALL TIME RECORD HIGH. WE ARE BUYING LABOR INTENSIVE GOODS CHEAPLY AND SELLING HIGH DOLLAR INTELLECTUAL PROPERTY.

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