In keeping with the tradition of digging America into a debt hole so ridiculously large that any debate of whether the United States will be able to pay the debt off will be moot, the Senate has just ended afternoon debate over the latest micro fiscal stimulus, specifically the legislation extending unemployment insurance benefits.
It appears the latest version of the "you never have to work again as long as you vote for Obama" bill is about to pass. The worse news we have seen in a year, and the market moves higher, that's par. Wall Street will be taken care of, while Main Street falls into the abyss. At this rate it won't be long until unemployment surpasses Medicare and Social Security as a government expense. I like Obama and this crock of politicans about as much as a band of child molesters.
It's no longer "unemployment insurance."
It's now another welfare entitlement program with no end in sight.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
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