Conventional Wisdom on George W’s Birthday
After brushing and regluing my wooden dentures, I checked the opening plays on the stock market this Monday morning. There seems to be a lot of mixed reaction to the red, white and blue hockey team soundly defeating the home Canadian team yesterday. CMCSA aired the USA victory hours after it really happened on the Left Coast. If we had Direct TV, we would not have had to rely on NBC-TV’s delayed live sports of the Olympiad.
GE stock should plummet today. NBC’s advertisers should also not expect an increase in earnings or marketshare either.
Former California Speaker of the House, Willie Brown, thinks Mr. President should keep a lower profile on the socioeconomic economy. Yet, early this morning, President Obama is addressing a bunch of Republican and Democrat governors about healthcare.
CNBC, a competitor of NBC Sports, is airing a five-talking-head discussion about the merits of creating an inflationary economy. Go figure?!?
On the local level, some of us are just trying to “hold the mud back.” Cold and flu season is in full bloom around the San Francisco Bay. Scores of sick patients go to their doctors only to be told to take JNJ Tylenol and go to bed for 11 to 14 days! I can speak from experience: This is Day 48 of my flu symptoms.
Sacramento makes me sick to my stomach. Washington, not George, but DC is no help to small business and the People trying to work in California. The IMF seems like a bunch of hocus-pocus to me.
Where is the good ol’ American Conventional Wisdom?
I really do not think they teach common sense, history, and economics in public schools anymore. No religion neither. Oh, Canada! Oh Lordy, Save North America!