An opinion

I thought maybe some of my readers might be interested in this paragraph that I lifted from Richard Russell’s Dow Theory Remarks today.  Richard Russell writes the incredibly brilliant Dow Theory Letters.  It is a financial newsletter, but he writes about many things.  His cactus, his family, past and present, WWII, the great depression, what it was like living in New York when one could buy a great dinner for 35 cents.  What the garment district was like in New York way back when.  How the great depression affected his father.  He is an 83 year old WWII vet.  I’m pretty sure he was B52 bomber pilot, I know he was in the fighter planes because he has generously shared many of his memories, but I’m can’t remember for sure what his particular job was up there in the air.  He has lived through many presidents, I believe he is Republican (I don’t know if he still is)  Anyway, here it is for those of you who are interested.

“In less than a year, George W. Bush will leave us. He’ll leave with some of the lowest approval ratings of any president in US history. He’ll leave us with 81 percent (April poll) of the American people believing that the country is on the “wrong track.“ He’ll leave with the US heavily in debt. He’ll leave with the US sunk in a tragic and expensive war that has lasted longer than WW II. He’ll leave with the US disliked and mistrusted by perhaps half the population of the world. He’ll leave with the dollar, the world’s reserve currency, in tatters. He’ll leave with a US tax system that is complicated beyond description—he’ll leave with never having attempted to change it. He’ll leave with a crazy ethanol program that is taking up one-third of our corn production, and which in turn has upset the food situation in much of the world.“

Posted by Meg Tilly on Friday, May 09, 2008 in Chewing the Fat