If lottery tickets could issue annual reports, here is what they would look like. For those of us with shares, it is, at the least, an interesting read. (‘Projections are notoriously dangerous, but we would be surprised if we did not have some actual net earnings for [this fiscal year].’)
Opinions are mixed. The Republican leadership can’t let go of his wild-eyed calls on the campaign trail:
- He advocated health care for all rather than massive tax cuts for the already rich. Absurd.
- He railed against the enormous budget deficits – $700 billion this year (bringing the Reagan-Bush-Bush deficit to nearly $6 trillion of our total $7.8 trillion National Debt). Nutty.
- He favored the invasion of Afghanistan but recklessly opposed attacking Iraq at the time and in the way we did. Mad!
Among Democrats, some have been critical; others are more like John Cory, a Purple Heart / Bronze Star Vietnam vet, who writes: ‘I want someone who will stand up not stand down. I want someone outspoken and outrageous and out there, for me. I want someone on my side, not on my back for more money. I want someone who fights, not folds at the first sign of fake indignation.’
Either way, Howard is not the candidate. So if some of our candidates DO choose to demonstrate their moderate credentials by distancing themselves from him – good cop, bad cop – that’s not entirely unhelpful either.
But the truth is, a few intemperate remarks notwithstanding, Howard is exceptionally level-headed and moderate – far more fiscally prudent, for example, than the borrow-and-spend Republicans. Yes, perception is all. But perceptions change. Click here for the latest from yesterday’s Washington Post. In my admitttedly biased view, we have a terrific Chairman.
Quote of the Day
Governments are necessarily continuing concerns. They have to keep going in good times and bad. They therefore need a wide margin of safety. If taxes and debt are made all the people can bear when times are good, there will be certain disaster when times are bad.~Calvin Coolidge
Request email delivery
- Jan 26:
- Jan 24:
The Inauguration . . . PRKR, BOREF, CNF
- Jan 22:
The Other Pillow Guy*
- Jan 21:
How Great Was That?
- Jan 20:
You Respond To Umair Haque
- Jan 19:
The Three Big Lies
- Jan 18:
Two Harvard Grads Still For Trump
- Jan 15:
Of Insurrection, Inequality, And Your Stocks
- Jan 14:
Meanwhile . . .
- Jan 13:
Ronald Reagan Speaks
- Jan 26: