Wednesday, June 10, 2009

Info overload....not cool!

It is almost impossible to keep up with what is going on politically these days. There are a couple of issues that make it worse then normal.
The main stream press albeit, most local newspapers and network news is in Obama's camp. I don't mind that they love him....but let's tell the news. On the other hand you have right wing radio....Rush, Savage, Beck, Ingrahm....and many more. They do a good job of pointing out what is going on that you may not know about....

Take for example one of the biggest issues...the Chrysler Chapter 11. It passed today on account of Obama's pressure on the courts to uphold his arrangement. Does not sound bad until you dig into the details. When someone goes into bankruptcy, secured creditors get in line first. Unsecured creditors get what's left over. This is how it always works....people who invest in businesses....loan to businesses....and buy businesses depend on this rule of law. Obama put the secured creditors at the back of the line...giving control to unsecured creditors and one of his European buddies Fiat. There will be huge ramifications in the financial markets to come based on his agenda.

Back to info overload.....so without hearing too much of this on mainstream news....and the talking heads of Right wing radio harping on it....two things happen. I have to go then and look for deeper information to confirm the radio guys. It takes more time....and there are not just a few issues. Obama is working at such a fast pace....he needs to! In less the 18 months the economy will still be in the toilet....unemployment will be over 10%....and people will again want change....he may lose some of his power in the house as the result of mid term elections.

Anyway....wow what a ramble....So much to keep up with, let alone try to formulate a coherent paragraph....not that my blog even closely resembles coherent literature!

Off to Outbacks for Taylor's 17Th birthday dinner.

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