Yesterday I was feeling a little despondent about the stimulus package and started to ponder what music would best describe the stimulus package. I needed music that was old and familiar but conveyed that sense of impending disaster. The music needed to convey a sense of drama and foreboding. My choice was Wagner’s Flying Dutchman Overture. Here is a YouTube version if you have forgotten the tune, YouTube – Wagner Flying dutchman overture.

Of course my sense of despondency did not improve when I found this piece from the sage from Omaha. The bad news just keeps on coming. Over the last two weeks the Obama administration has attempted to destroy the remaining stock value of the coal and health industries for the “greater good”. I wish him good luck trying to get the “rich” to pay more. In fifty years the only way I have seen the rich pay more was when Bush cut the capital gains tax.

I am not sure where the stock market will find leadership in 2009 and 2010. It is hard to find a favored sector after the effects of the recession and Obama’s plans. It is obvious what the stock market thinks of Obama’s plans. Every day this administration takes greater ownership of the recession and making the economy much worse than it had to be.

WARREN BUFFETT warns of a Treasury bubble. “Buffett said that with the U.S. Federal Reserve and Treasury Department going ”˜all in’ to jump-start an economy shrinking at the fastest pace since 1982, ”˜once-unthinkable dosages’ of stimulus will likely spur an ”˜onslaught’ of inflation, an enemy of fixed-income investors.”

WARREN BUFFETT warns of a Treasury bubble. “Buffett said that with the U.S. Federal Reserve and Tre…
Glenn Reynolds
Sun, 01 Mar 2009 22:53:58 GMT