Tuesday, August 31, 2010

The Daily Note - Your Tax Dollars at Work

Gone are the lazy, hazy, crazy days of Summer? Not so fast, we are still, in my opinion very much embroiled in them, which is surprising since usually the last week before Labor Day traders, if not on vacation are busy positioning for the Fall.

Not so this year. This economy and the seeming cross signals are keeping most guessing and many reacting rather than planning. It is the result of being led rather than leading, in case you are wondering what that leash is for. Yes, the government has put most businesses on a leash and they are waiting for the next reward for good behavior. Sadly, that is what comes from government handouts, be it named credits, loans, subsidies or bailouts.

Congress, busy sweeping things under the rug while on vacation, will be back with a new bag of tricks soon and they will be limping. You can bet dollars to doughnuts that they will not have your welfare in mind, but will only think on how to put things in good light before November elections.

Then, if you think it is over, think again, lame ducks can do an awful lot of damage before leaving for retirement.

But if you find yourself still puzzled, and still out of work, just put out a chair in your front yard, put out the sign: "Your Tax Dollars at Work" and enjoy the show.

Happy Trading, Living and Dancing

The Daily Pick - CMG

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