WE'LL TELL YOU EVERYTHING YOUOUGHT TO KNOW - For Just A Minute Radio - Friday 120330

These long weeks seem to get longer – except we’re getting closer to commencement and all that!

 

The debating – if that’s what a trial before the Supreme Court Bench is called – went on interminably this week. It did dilute the political rhetoric a bit – although all of the GOP runners are slowing down.  The most interesting thing I saw this week was a LONG story about the complex investment strategies used by Bain and the Romney crowd – which apparently lined a lot of pockets including Mr. Romney’s.  Although I note he gave about 4 million per year in the last couple of years to charity. I must assume also that would probably be directed toward Mormon charities – which would be the normal expectations.

 

What impressed me was how little I understood of the complex way in which the Bain team invested the $$$ in “L” and “I” IRA’s  -- some higher risks than others… and those which had lesser returns were put in the ‘pen’ with the lower producing entities.  The higher risk ones … if they turned out well… were largely left to grow until the entire batch was sold off to a buyer who purchased the whole ‘caboodle’ – I’m guessing here’s where the smarts come in… which ones to pick and put where… which ones to write off losses in and which ones to pay income tax on.

 

People who deal in this stuff know a LOT more than I do…it’s a sophisticated game – and Mr. Romney knows how to play.  But from all I could tell (and I don’t play even close in those leagues) – they took their losses without whimpering – took their growing stocks and put them where they could be used later – and kept looking for good buys they could catch, repair or improve and sell to the highest bidders I suppose – and that little children is how Mr. Romney became a multi-millionaire. [It was NOT the way Mr. Maddoff became a jail bird.] In any case I hope we can wrap this thing up that will get us back on some semblance of sanity in the fiscal realm.

 

Well, the week is coming to a close. I wish you well for the coming weekend.  We have enough gas in the tanker to get us to church and to Wal-Mart for which I am thankful. What I’m most pleased with is the messages I get from reading the Bible – especially the Psalms that show how much more complex are the things the Lord handles as HE manages the seas and the entire Universe – indeed everything there is. He makes no mistakes … all His creations are perfect and the really important cheerful note is that WE are all invited to HIS kingdom…HIS party if you will.  I’m looking forward to that. I hope you are. God bless you and yours.

 

IN  HIM,

Jack& Barbara

“JUST A MINUTE”

WE’LL TELL YOU EVERYTHING YOU OUGHT TO KNOW

            Just a Minute: Team Obama is trying to pull off a power grab telling Americans all they’ll need to know is what the White House tells them – and the Solicitor General on the 3^rd day of argument before the Supreme Court said the government is not forcing people to buy a product – just regulating how they’ll pay for it.

          But it’s as if the Solicitor General will be saying since you’re having to buy it anyway we’ll just tell you: -- You must buy a car that’s a red convertible with a 250 horse engine and insurance that covers liability, collision and has heated seats. That’s the kind of bundle ObamaCare can dictate to your pocketbook. Summing up: Washington will be able to make individuals buy whatever Washington says they should buy.

            Not exactly what one expects from the ‘land of the free and the home of the brave’ is it?’  Think about it while you’re ‘having a good Obamacare weekend’ – otherwise known familiarly as an “Obama style power-grab!”

           <> I’m Jack Buttram. (END)  

 

Jebco Editorial Service

www.wmuu.com

E-mail n4zhk@arrl.net

======================================================================================

 

Delayed Audio Link

http://www.wmuu.com/blog/category/audio/just-a-minute/