I love this story and you will too. Georgia has found its own way to create private sector jobs for the unemployed, and it seems to be working. If you like it, send it to your governor. This needs to catch on.
STOCKS AND BONDS
“It’s quite clear that stocks are cheaper than bonds,” Warren Buffett told a group of Powerful Women Tuesday. “I can’t imagine anybody having bonds in their portfolio when they can own equities, a diversified group of equities. But people do because they lack confidence. But that’s what makes for the attractive prices. If they had their confidence back, they wouldn’t be selling at these prices. And believe me, it will come back over time.”
If you have any bond funds in your 401(k) mix, click the link above and read the whole story.
SULLIVAN – CONSERVATIVE?
Carl Granados: “Re yesterday’s post, maybe Andrew Sullivan was ‘conservative’ at one time and I am sure he still likes to consider himself so, but few ‘conservatives’ these days would. I read his blog all the time, as I read yours, and he is about as conservative in most things as you and I are. Note that I consider myself and Dems in general more fiscally conservative than any in the GOP. It’s more conservative to tax and spend than to borrow and spend.”
☞ Exactly. When I describe Andrew Sullivan as a conservative, I have in mind a traditional conservative . . . which would mean going to war only as a true last resort, and financing wars (if you start them at all) by raising taxes . . . and legalizing marijuana (as William F. Buckley Jr. long advocated), and keeping the government out of your bedroom, and (let’s not forget) protecting the environment – conservation itself.
Not to say there’s a perfect match between Democratic policies and traditional conservative thought. Hardly. But there’s plenty of room for true conservatives to prefer Democratic positions these days, on balance, to Republican ones . . . to prefer Obama’s seriously thoughtful leadership to that of, say, Mitch McConnell, Jim DeMint, Sarah Palin, Rush Limbaugh, Michele Bachmann*, Linda McMahon**, Christine O’Donnell***, John Boehner, and Glenn Beck.
*Who said. “Gay marriage is probably the biggest issue that will impact our state and our nation in the last, at least, thirty years. I am not understating that.”
**Who kicked her husband in the groin on national television.
***Who would not have lied to Hitler about Jews in her attic but lied about where she went to college.
Quote of the Day
We're not trying to outsmart the smart guys. We're trying to sell bonds to the dumb guys.~alleged remark of the head of a Wall Street mortgage-bond group
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