At a business networking event, I was asked what I thought about the Stimulus Package. Seems there's lots of small business owners still not sure what to make of the new proposals by the Obama Administration, and for good reason. Let's start with the facts, or should I say lack of them. I hear lots of fluff and good general ideas and shameless self-promotion, but no substance of any specific kind. Hard to get behind something that carries no weight. Meanwhile, the Dow continues to fall, and sooner or later Obama will run out of excuses or people to blame, so I hope he's re-adjusting his spin. Maybe he's starting to get the point: just today, the President has sent out a message (albeit subtle) to buy stocks now because they are so cheap -- wait, what? If Dubya did that, he'd be skewered in so many pieces by the MSM it wouldn't be funny (and it wasn't funny towards the end). Here's an idea, Mr. President: put your money where your mouth is by publicly disclosing the invesments you've chosen for your daughter's 529 accounts -- I'm sure they are fully vested into the equities market, right now, today. Aren't they? Really? And today we get another slap-down by the Administration because of disparaging comments on the stimulus package, as made by another financial advisor on CNBC; Press Secretary Gibbs tells us that the audience garnered by this show is too small to be considered a fair representative of the Court of Public Opinion, yet if that was true, why bother commenting about it? Speaking of CNBC, check out the comments made by Eric Hovde today: http://www.cnbc.com/id/15840232?video=1050674027&play=1
Let's hope Obama and Geitner are paying attention to what really matters and not the stupid fluff that Pelosi and Reid are promoting...get real, for once!!
1 comment:
Finally... someone with a brain, who coincidently is also a Republican, contributes an opinion that makes sense and is valued! Thank you, Phillip!
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