Can you update your page site to: Lost my first million at age 35…

-Mike

“2009-2010 will rank with 1913-14, 1933-36, 1964-65 and 1981-82 as years that will permanently change our government, politics and lives. Just as the stars were aligned for Wilson, Roosevelt, Johnson and Reagan, they are aligned for Obama. Simply put, we enter his administration as free-enterprise, market-dominated, laissez-faire America. We will shortly become like Germany, France, the United Kingdom, or Sweden — a socialist democracy in which the government dominates the economy, determines private-sector priorities and offers a vastly expanded range of services to many more people at much higher taxes….

… In the name of stabilizing the banking system, Obama will nationalize it. Using Troubled Asset Relief Program funds to write generous checks to needy financial institutions, his administration will demand preferred stock in exchange. Preferred stock gets dividends before common stockholders do. With the massive debt these companies will owe to the government, they will only be able to afford dividends for preferred stockholders — the government, not private investors. So who will buy common stock? And the government will demand that its bills be paid before any profits that might materialize are reinvested in the financial institution, so how will the value of the stocks ever grow? Devoid of private investors, these institutions will fall ever more under government control…”

Wall Street is not stupid. It too sees the future under the Obama watch. A future that has little to do with profit and growth, the engine that stock price gains feed off of. A future where we all will sink to the lowest common denominator. Better learn how to short before they take that away too.

On the other hand, if we can keep the governments fingers out of the cooking jar, and the money in the bank instead of the Congress, we should turn around within the next few months.

I’m not holding my breath, though.

Grant
TheCornerOfficeBlog.com