Here's something that slipped through the cracks.
Dick Cheney has a lot of money. Want to know what he's doing with it?
It looks like the Vice-President is betting on bad news.
http://www.kiplinger.com/...
Now, if I owned stocks in a company, and the leading executives were buying stocks in the competition, I would be concerned, to put it mildly. Hell, the boys at Enron didn't even have the chutzpah to try this.
If the "Bush Economy" is so great, why is Cheney betting against it?
Remember, it was Cheney who pushed the deficit spending over the objections of then Secretary of the Treasury Paul O'Neill, saying "deficits don't matter". Cheney was instrumental in pursuing policies that took a budget that was not only balanced, but was producing a surplus, and turned it into the largest deficit in our nation's history.
Because of this, the dollar has fallen considerably against the international currency market, especially against the Euro. (This is a big reason why oil prices are so high. Oil is worth more, and the dollar is worth less.) Our trade deficit has also grown to astronomical proportions, with factories closing across the nation. Our once proud automobile industry is on the verge of collapse. The equity bubble created so the administration could win the 2004 elections is starting to deflate, and the banks are starting to forclose. Stagflation is starting to rear it's ugly head again. The administration's policies have been a disaster for this country, but quite good for Cheney's portfolio. (I don't think I need to tell you about how well KBR is doing because of the war.)
Vice-President Dick Cheney is betting against America. His term expires in 2008 and the golden parachute is ready.