Story from the AP
Few people realize the stock market does twice as well under Democratic Presidents as under Republican Presidents. Or, what that really means. We lose fewer jobs. We have fewer companies move to China. We have fewer companies file for bankruptcy. We have fewer people lose their homes, their health insurance, and their retirement nest egg.
This year, a trillion dollars of Wealth moved out of the United States, a quarter of that Wealth moved into Communist China.
What did all the Presidents Men have to say about this Humpty Dumpty economy?
Oh, something about the worst is behind us now. The dollar is weaker and that's a good thing.
What did all the Presidents Men do? Treasury Secretary Henry Paulson hired a drug company executive to negotiate with China.
I expect the American Pharmaceutical industry to invest heavily in China as a result while the taxpayer gets more Egg Drop Soup.
Tuesday, February 13, 2007
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