The Job Loss Report

We have elected a new President and the
markets are still going around like a spinning
top. The newspeople reported today on the
the job loss report like we should all be
dressed in black and standing around the
coffins.

The truth is, that we have been in bad
situations before, and we have risen
above them. I'm old enough to remember
Jimmy Carter, and that was a real disaster.
Unemployment hit 9% under the Peanut
Farmer, and interest rates were over 20%.
Inflation was running at 12%, and we had
a host of other problems.

Now it seems as though our biggest
problem is deciding which thief to give
money too.

Should we give it to the bankers, the
insurance companies, the states, the
large cities, or should we just let some
of these no account dirtballs fall?

I say we don't give anybody anything
until some folks hit the hoosegow. That
would include CEO's, CFO's, and
Congressmen and Senators. No money
without some people paying a price.

But it won't happen.

It won't happen because easy money was
part of the Democratic Party strategy. It
started with Clinton and Greenspan, was
continued by Barney Frank, and Tom Dodd,
and many others, including the newly elected
President. In fact easy money put the new
President in the White House.

When the easy money scenario started to
come unglued, it was blamed on W, who will
be blamed for everything under the sun for
the next few years, because he isn't there,
and part of the scene.

Believe me, there's plenty to blame him for,
but this financial mess is truly a Democratic
debacle. They started it, they maintained it,
and now they are doling out rewards to their
friends.

They say they have to do it, to save the
economy, to save the country, to save jobs,
apple pie, and bowling. But the truth is they
have to do it because a bunch of idiots tinkered
with the economy and lost. The used the
economy as a grand social experiment with
no basis in reality and they took it in the shorts.

Or we did.

Maybe some more people will get interested
in whats really going on. But with 55% of the
people voting to let Obama be the new Santa
Claus, I don't think anythings going to get fixed
fast, or correctly.

My advice, get a good quality coat, because
there are storms on the horizon.

From the big saddle,

Jim Whelan
Chairman of the Board

P.S. Penn State loses to Iowa tomorrow in a
smash mouth game.

thejamesrwhelanagency.com
206 407 3124