Tuesday, December 2, 2008

Back to work

I have had writers block the past few weeks. Perhaps it's the holidays or a post election depression, but after a great Thanksgiving with my family it's time to get back to work.

Here are some random thoughts:

One of the liberal platforms in this country is gun control: "We need to keep those wacko militias in Montana from acquiring AK 47's". After the attacks in Mumbai how far do you think gun control legislation will go in our next Congressional session? I don't carry a gun, but we do have guns. You have to wonder if law abiding citizens in India were allowed to carry guns how much those ten terrorists would have accomplished. Here were ten terrorists that kept a city of 18 million frozen for almost three days. If just a few of those hundreds of innocent people had access to a gun what might have been different? It just continues to prove that guns don't kill people - criminals kill people. Do you think those terrorists would have followed gun control rules? Another comment on this thought - why is it politically "incorrect" to refer to Islam as a violent religion?

The day after Thanksgiving we all read about the poor Wall Mart "greeter" who was trampled to death because people wanted to be the first to get a plasma TV on sale. It was tragic and his family will be wealthy for life, since there is already a civil lawsuit underway. But what good is being wealthy if one of your loved ones is killed in such a violent way. This tells us more about our culture than anything else - greed and material possessions. Question: If you were charging into that store to get a great deal on a plasma TV and you stepped on a body on the ground, would you have stopped? It would probably have been impossible for you to stop, but would you have fought to do so? Those shoppers did not.

At Thanksgiving my kids asked for my advice on the economy and what to do with their 401Ks. With all of my experience as a chief executive, businessman, and small business owner I had to tell them, "I have no idea". "Bailout" was the Merriam Webster word of the year, but the process has become ridiculous; billions, even trillions to bailout individuals, companies, and state governments that were mismanaged (some criminally), and our Congress has no clue so they throw money at the problem. Throughout the past few months of this economic disaster a majority of the American public has been in favor of just letting the pain happen and if companies were mismanaged, let them go bankrupt. But our Congress knows better and has been issuing money at a rate that cannot be sustained - money the country never had in the first place. I feel sorry for our kids and grand kids and although I am not an economist, look for the possibility of hyper inflation in the future.

So far Obama has moved toward the center with many of his cabinet picks - who knows how he will govern. The economic disaster will probably limit his options with regard to all of his "socialist" intentions. I predict in a few years he will have budget deficit so large that both he and the Congress will have no choice but to raise taxes and cut spending. The future will be very interesting.

As for me, now I'm going to relax with a martini and listen to Christmas Carols - Merry Christmas everyone! It's hard not to feel good during this season.

3 comments:

lindaleeeeeeeee said...

One thought. One of your comments, among your many brilliant thoughts :) was..."I predict in a few years he [Obama] will have budget deficit so large that both he and the Congress will have no choice but to raise taxes and cut spending." seems to imply that raising taxes raises revenue. Without fail, cutting taxes raises revenue. Merry Christmas! :)

Chuckie D said...

You are correct Linda, but you are also thinking like a Republican. Cutting taxes does increase revenue, but Democrats believe the opposite. What I meant was that the deficit will be so large, their usual approach of "raising taxes" to reduce the deficit will not only be counter productive, they will realize that spending cuts MUST be made - a thought inconceivable to Democrats.

usamctwo said...

I miss my Glock 36 (.45 auto)....now residing with my father-in-law in Indiana. Illegal to even have in your residence in NYC. Had it there before we moved to London along with enough ammo that we joked we could have protected the whole condo building during an attack. I think we will look into the process of getting a permit to have it (costs $$$ and you might not be granted a permit after you fork over the cash) if we move back to NYC.

Prefer the laws in the Midwest allowing you to keep it in your residence without jumping through hoops.