One of the best pieces of advice that I learned and adhere to over the years about investing is this ,”Don’t fall in love with any stock, it’s business, remember that”. No matter how attractive the stock looks now, a regular application of due diligence is essential where you evaluate not only it’s balance sheet and quarterly statements, but you continually ask yourself why this deserves to be in your portfolio. Lesson number two, apply the exact same rule to political parties and political movements:
These people are really pissing me off!!
I was a big Tea Party supporter from the beginning, I liked their message and their sense of urgency that we can’t be dicking around too much longer, we need to start fixing our problems now. Between the push for smaller government, less governmental intrusion in our lives, less reliance on what they can give us and more on what we should be doing for ourselves, all this resonated with me. But lately they have not only been acting like spoiled brats, too big for their britches, and totally clueless about how things work in politics, but have proven so divisive within their own ranks, that it is painful to watch.
I understand them not liking Boehner’s plan, it is pretty weak cheese:
Cutting not even $1 trillion from the debt.
Establishing a joint committee of 12 to work out future deficit cuts (yeah, like that always works).
It has some good stuff in it too:
Raises the debt ceiling by only $900 billion, not the $2.9 trillion that Obama wants.
It requires a later vote by both houses on a balanced budget amendment (another dead on arrival procedure with this Congress, but maybe they will be more successful with a different one come next year).
And it does not raise any taxes.
But we can’t get too bogged down in the details because this plan is dead at the Senate anyway, it is nothing more then the first move in a political chess game.
These Tea Party loud mouths somehow think that since they had a fairly successful mid term result last year, that now they got the political heft to start bullying folks, just quit it.
It does not take a frickin’ genius to figure out that folks are mad as hell at those out of control spenders, this is the sentiment the Tea Party tapped into last year, an easy hook, now if they want to build on that they will tone down the rhetoric, get realistic about what they can and can’t accomplish, and don’t stab themselves in the eye with a pencil and bleed on everyone. Some of us are ready to send them to their room without supper.