Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Sober Stuff

October 30, 2009March 16, 2017

This much-talked about investment assessment – that I am several days late in sharing – offers an important perspective for investors, policymakers, and voters. And it may lead you to buy some GLD. It certainly strengthens my belief that the last thing we needed this year were tax cuts. They may have been politically necessary; indeed, in today’s world, they almost surely were. But, as argued here at the time, the folks WITH jobs and the folks MAKING taxable profits are not the ones who most needed help – nor the ones whom helping would do us any economic good. The tax cuts did not lead to hiring people; they were used to pay down debt and/or to buy stuff America largely doesn’t need, much or most of it made abroad.

Whatever we borrow should be borrowed to put people to work building a solid future – caulking and insulating homes, rebuilding bridges, digitizing health care records, smarting-up the electric grid. (In that last regard, see the President’s remarks Tuesday, where he announced 100 grants totaling $3.4 billion to install smart grid technologies.)

Have a great weekend, Einhorn’s sobering assessment notwithstanding.

Post navigation

← A More Perfect Union; A Basket of Speculations
Appoplexy and Infusystems →

Quote of the Day

"Airplanes are interesting toys but of no military value."

Marechal Ferdinand Foch, Professor of Strategy, Ecole Superieure de Guerre.

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Carl's View

    July 15, 2025
  • Jesus! A (Surprisingly) Revealing Conversation With DNC Chair Ken Martin

    July 14, 2025
  • Two Things You Can Never Be

    July 11, 2025
  • Anyone? Anyone?

    July 11, 2025
  • "PAPERS PLEASE" -- Trump's Very Own Gigantic Police Force

    July 9, 2025
  • 5 Links And A Joke Walk Into A Bar

    July 8, 2025
  • There WAS No Cherry Tree

    July 7, 2025
  • "The Most Popular Bill Ever Signed In The History Of Our Country"

    July 6, 2025
  • Unbelievably Bad -- Literally

    July 4, 2025
  • Repeal The Steal

    July 2, 2025
Andrew Tobias Books
  • Facebook
  • Twitter
©2025 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams