Last decade was the worst ever in the stock market
The U.S. stock market is wrapping up what is likely to be its worst decade ever.
In nearly 200 years of recorded stock-market history, no calendar decade has seen such a dismal performance as the 2000s.
Investors would have been better off investing in pretty much anything else, from bonds to gold or even just stuffing money under a mattress. Since the end of 1999, stocks traded on the New York Stock Exchange have lost an average of 0.5% a year thanks to the twin bear markets this decade….
This past decade looks even worse when the impact of inflation is considered.
Since the end of 1999, the Standard & Poor’s 500-stock index has lost an average of 3.3% a year on an inflation-adjusted basis, compared with a 1.8% average annual gain during the 1930s when deflation afflicted the economy, according to data compiled by Charles Jones, finance professor at North Carolina State University.
After the 2004 election, you might recall, President Bush decided to spend his “mandate” pushing a scheme to privatize Social Security and encourage investment of retirement funds in the stock market. Many retirees — and many of those approaching retirement — lost a lot of their private nest egg in the market collapse that began last fall, but the damage would have been greatly compounded had they invested a good portion of their Social Security funds in the market as well.
In addition, the political system would have been under great pressure to try to make good on some of that financial loss — i.e., a senior citizens’ bailout on top of the banking bailout and Detroit bailout and stimulus package. The Bush proposal was a symptom of that era’s attitude toward risk, with all attention focused on the possible upside and very little on the reality that big losses are inherent in the system too.
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511 comments Add your comment
LA
December 21st, 2009
10:47 am
Jackie wrote: I would hate to think that you would be part of that effort to undermine your own government?
????????????????????????????????????????
Taxpayer
December 21st, 2009
10:48 am
Robert,
I come and go as only a retired person can. I might go back and look for your so-called proof if I feel like some added entertainment from you. I’m sure it will be amusing. I’ll let you know. Meanwhile, how ’bout giving me that root cause analysis of yours on that problem statement that you wrote up. Better yet, start by giving me your problem statement first. We would not want to mess with the proper order of things.
Common Sense
December 21st, 2009
10:48 am
O.K. Dems.
Serious question for you.
All of this corrupt manuevering, special deals, backroom deals, bribery, etc. to get this health care bill passed is going on. Don’t get me wrong, the Republicans do it too (note: I’m a conservative NOT a Republican as they are nothing more than Democrats of 30 years ago).
But here’s the point/question. Now it appears “states” are getting special deals for their senator’s vote. Too me that seems unconstitutional and I hope the SCOTUS sees it that way down the road.
What’s next? A special federal tax rate on individual tax returns for people living in Nebraska (just to get a senatorial vote) vs. New York?
This has got to stop. Every Congressman and Senator who supports this nonsense needs a good old fashioned “caning” now and dumped out of office in 2010 !
BMDPD
December 21st, 2009
10:49 am
Jackie, this conservative wants as little government involved in my life as possible.
Kamchak
December 21st, 2009
10:49 am
I don’t (if I have to, I cheer for Sunderland because they are my neighbor’s team … otherwise, that’s pretty much it)
Coulda sworn you were a Spurs fan on account of Crouch (Crouch scored both goals in the Spurs 2-0 win over Blackburn).
Jimmy62
December 21st, 2009
10:50 am
Bush wanted to allow people to control a small percentage of their own money, which is not the same thing as making them invest their retirement in the stock market. Prudent investors would not have, as the risks are too high for anyone near retirement to do so. Any idiot ahould be able to look at any of the millions of guides to investing out there and realize you don’t want to put your money in the stock market if you are close to retiring. But Jay Bookman wants everything to be suitable for the lowest common denominator, so because some idiots would throw away their money, the vast majority instead gets their money seized by the state and doled out back to them at whatever rate the politicians at the time decide is fair. The main point is that in Bookman’s world, the more money politicians have direct control of, the better, because of course politicians can spend our money so much better than we can, because we’re morons, at least in the view of Bookman and the enlightened left.
But hey, any time you can try to blame Bush for something is a good day, right Jay?
ken
December 21st, 2009
10:50 am
Once again, YOU LIE JAY. President Busch’s plan would have let the indivudal select how their SS money is invested. By the way, one does not loose a dime till they sell. You are a good democrat Jay.
Outhouse Go-Kart
December 21st, 2009
10:51 am
Agreed…W type recovery which will be another factor in the dummycrats destruction and the kenyans defeat. See…there is a silver lining after all.
Bosch
December 21st, 2009
10:51 am
Common Sense,
it’s not unconstitutional, it’s politics. That’s the way it works, and yeah, I think it’s pretty sleazy too.
“and dumped out of office in 2010 !”
That’s up to their constituents, luckily we have a system that doesn’t give broad band dumping powers to just one.
Jackie
December 21st, 2009
10:53 am
@LA
You are mixing weapon types. If you are talking about a nuclear weapon, then all types of expertise and material will have to come together to make all those components mesh.
A suitcase dirty bomb is another issue.
Our conversation has focused on the Iranian nuclear weapon and their President bellicosity, not the sleeper cells that may/may not exists in the USA. One could ask, was Timothy McVeigh or Eric Rudolph part of sleeper-cells in the USA?
As for tracking the 13 hijackers, this task was accomplished, but our operational system was not equipped to put all the pieces together to determine the threat posed by the individuals, collectively.
If you would go back and read what I posted, I was not comparing anyone to the Iranian President. I was pointing out how politicians on the right say things that are utterly outrageous as you pointed out that YOU found a comparison between the Iranian President and Sen. Durbin.
USinUK
December 21st, 2009
10:54 am
LA -
“USinUK, thanks for proving my point. Europeans are so easy to figure out”
???
BMDPD
December 21st, 2009
10:54 am
Yes, this little spike is a pseudo recovery. All-in-all, we will take a large fall soon enough. You cannot effectively survive if your government is in heavy debt, your businesses are in heavy debt and your consumers are in debt. We are in for hard times in our future. And No, throwing money that we don’t have at the problem will not work.
Normal
December 21st, 2009
10:54 am
RW, your 1030, Thanks, and I will…
USinUK
December 21st, 2009
10:55 am
Bosch –
“What’s the deal with John Terry? I heard there are rumors he is taking bribes.”
the only news I’ve been paying attention to is weather these last couple of days … what bribes???
BMDPD
December 21st, 2009
10:55 am
Enforce Term limits now!
Jake
December 21st, 2009
10:55 am
Anyone know if the surcharge tax on the wealthy to help p[ay for health insurance fo the needy is still in the bill? My guess is the Senate got id of that since all of them are ‘the wealthy’.
Bosch
December 21st, 2009
10:55 am
BMDPD,
“All-in-all, we will take a large fall soon enough.”
Geez, don’t be such a buzz kill.
Common Sense
December 21st, 2009
10:56 am
Bosch:
I hear you but I still think giving the citizens of one state a “special deal” vs. those of other states is unconstitutional. It has to be or this would wreck our system. For example, if there was a renewal of the draft you couldn’t “exempt” one state to get that senator’s vote !
Maybe some constitutional attorney out there has an opinion.
Bosch
December 21st, 2009
10:56 am
USinUK (and Kamchak),
http://msn.foxsports.com/foxsoccer/premierleague/story/Ancelotti-backs-skipper-Terry-122009
WTH? Terry’s too good for that.
Kamchak
December 21st, 2009
10:57 am
Bosch
I don’t know enough of the story yet, but if it did happen I think the mitigating factor is this:
The newspaper alleged that England captain Terry was present when £10,000 was handed over in cash and and wanted £8,000 of it to go to a children’s charity, with the other £2,000 going to the middleman.
USinUK
December 21st, 2009
10:57 am
Peadawg –
“Gale, Jenifer believes that Obama cannot and will not ever make a mistake. Do not argue with her. It is pointless.” … Don’t forget Jay, Normal, USinUK, Mrs. Godzilla, Cynthia Tucker, Taxpayer, etc. etc”
I would never presume to speak for anyone else, but his total lack o’ spine on DADT pi$$es me off no small amount.
Bosch
December 21st, 2009
10:57 am
CS,
“It has to be or this would wreck our system”
Um, hate to break the news to ya’ but our system IS broke.
“Maybe some constitutional attorney out there has an opinion.”
Like Obama? Yeah, let’s ask him.
Jackie
December 21st, 2009
10:57 am
@BMDPD
This liberal wants as little government involved in my life as possible.
I have a civic responsibility to help support and defend my government(Constitution), other than that, I want the government to do its job in providing the things to the country it does best in paving the way for all of us to be able to use our abilities to be prosperous.
Normal
December 21st, 2009
10:58 am
Josef, it’s just not fair, you get two weeks off and I’m stuck at work with a particular electro-mechanical device from Hades. This thing is kicking my…
Jess
December 21st, 2009
10:59 am
If one actually believed in a free market, this article would not make a lot of sense. It’s not a president’s job to assure a strong stock market. It’s not their job to provide employment. It’s not their job to provide home ownership. It is their job to be a good steward of taxpayers money, and provide the services which government is supposed to provide as efficiently as possible. Obama has turned the phrase “mission creep” into a mission tidal wave.
Taxpayer
December 21st, 2009
10:59 am
Robert
December 21st, 2009
10:09 am
Based on that “effort”, I’ll stick with my earlier assessment — you do not know what the definition of hypocrite is. By the way, recitation does not prove understanding. It merely demonstrates your ability to cut and paste.
By the way, here is an example of a hypocrite. I hope it helps you.
Jackie
December 21st, 2009
10:59 am
@Normal, Common Sense, BMDPD
SALUTE!!!
Bosch
December 21st, 2009
10:59 am
Kamchak,
But I don’t think Terry would blow a game over it. That’s a pretty outrageous claim! OUTRAGEOUS!! I say.
USinUK
December 21st, 2009
11:02 am
Bosch – £10K for a tour??? or did I misread?
Taxpayer
December 21st, 2009
11:02 am
“Gale, Jenifer believes that Obama cannot and will not ever make a mistake. Do not argue with her. It is pointless.” … Don’t forget Jay, Normal, USinUK, Mrs. Godzilla, Cynthia Tucker, Taxpayer, etc. etc”
Is this like another episode of like the gossip girls do atlanta or like what. hehehe You just can’t beat cheap entertainment.
@@
December 21st, 2009
11:03 am
When watching a southpaw sign documents…legislation…whatever, I can’t help but observe how the handiwork is obscured during the process. The leftie’s hand is always on top or hides the work. With a right-handed person, the hand leads the body of work, but doesn’t obscure.
BMDPD
December 21st, 2009
11:04 am
Jackie, anyone born in our nation can be prosperous. Tell me how so many people became rich without social programs before they existed. I am not sure how much social programs really help our society.
Outhouse Go-Kart
December 21st, 2009
11:05 am
Jackie
December 21st, 2009
10:57 am
Blah blah blah…*FLUSH*
larry
December 21st, 2009
11:05 am
Hmmm….. what will work ? /?,oh yeah , tax cuts i tell ya , tax cuts and more tax cuts. Wait a minute………. didnt we try that ??
Kamchak
December 21st, 2009
11:06 am
Bosch
I watched the game yesterday. I thought J.T. had a good game–came forward more than I have ever seen. I thought he was looking to “bulge the ol’ onion bag.”
USinUK
December 21st, 2009
11:06 am
@@ –
“In the race for the White House, lefties seem to have the upper hand. No matter who wins in November, six of the 12 chief executives since the end of World War II will have been left-handed: Harry Truman, Gerald Ford, Ronald Reagan, the elder Bush, Clinton and either Obama or McCain. That’s a disproportionate number, considering that only one in 10 people in the general population is left-handed. ”
http://www.washingtonpost.com/wp-dyn/content/article/2008/07/03/AR2008070303202.html
as they used to say on Laugh-In … verrrrrrrrrry interesting …
Trudy
December 21st, 2009
11:08 am
George Bush almost destroyed this country. Its going to take a long time to undo the damage.
I Report (-: You Whine )-: mmm, mmmm, mmmmm!
December 21st, 2009
11:08 am
But on the left, the sentiments of a liberal base that revolted over concessions to moderates were channeled Sunday by Howard Dean, the former Democratic National Committee chairman, who last week repeatedly called on Democrats to scrap the bill.
“This can’t be the final version of the bill,” Dean said on NBC’s “Meet the Press.” “It simply sets us on a track in this country which is expensive and where we’re going to have lots more political fights.”
I don’t think you will have to worry over “infighting” Howard, not when your party is voted slam out of office.
Back to nattering at each other in the Senate basement.
Common Sense
December 21st, 2009
11:09 am
Bosch:
Well, let’s hope then that various citizens groups, etc. will take this legislation all the way to the SCOTUS and they rule that giving preference to one state over another to enact legislation is unconstitutional. Assuming by then we have a SCOTUS with any integrity left.
Robert
December 21st, 2009
11:09 am
i know a hypocrite when I see one, and you are a blatant hypocrite. Your own words are my evidence.
Robert
December 21st, 2009
11:10 am
Taxpayer, that comment at @ 11:09 was meant for you.
BMDPD
December 21st, 2009
11:10 am
Trudy, good answer! To all here! It is Bush’s fault. I fell down and broke my arm yesterday. It must be the fault of the Bush administration.
Common Sense
December 21st, 2009
11:10 am
Jackie:
“At ease, I’ll be in the area all day soldier” !!
Jenifer
December 21st, 2009
11:10 am
“one confused person.”
Yes, LA, you are, but with help, there is hope.
Taxpayer
December 21st, 2009
11:10 am
When watching a southpaw sign documents…legislation…whatever, I can’t help but observe how the handiwork is obscured during the process. The leftie’s hand is always on top or hides the work. With a right-handed person, the hand leads the body of work, but doesn’t obscure.
You clearly never suffered through years of school trying to work, as a southpaw, in a desk made by a right-handed person for a right-handed person. Just more reason for my deep-seated dislike of right wingers. They just have no respect for anyone different from themselves. I would not even be surprised to learn that they think of southpaws as handicapped and in need of special education, as long as they did not have to pay for it, that is.
Bosch
December 21st, 2009
11:11 am
“will take this legislation all the way to the SCOTUS and they rule that giving preference to one state over another to enact legislation is unconstitutional.”
God I hope not, then we’ll never get anything passed. Why don’t we hope that various citizens groups demand that Congress start doing their job!
Bosch
December 21st, 2009
11:11 am
What is a southpaw?
Robert
December 21st, 2009
11:12 am
Trudy, you claim Bush almost destroyed this country, yet this Administration is like a bunch of drunken misstresses running loose at Phipps Plaza with their boyfriend’s Platinum credit card. Is this also not destroying the country?
Taxpayer
December 21st, 2009
11:13 am
i know a hypocrite when I see one, and you are a blatant hypocrite. Your own words are my evidence
Peek-a-boo!
BMDPD
December 21st, 2009
11:13 am
Bosch, a left handed person.
Taxpayer
December 21st, 2009
11:13 am
I’m left-handed, Bosch. That makes me a southpaw.
Kamchak
December 21st, 2009
11:14 am
What is a southpaw?
Someone who is left-handed.
Bosch
December 21st, 2009
11:15 am
Oh, I love southpaws then, as I’m married to one.
BMDPD
December 21st, 2009
11:16 am
Bosch, tell her I said that I am sorry
!
@@
December 21st, 2009
11:16 am
USinUK:
That’s a disproportionate number, considering that only one in 10 people in the general population is left-handed. ”
Fair enough! It’s said that “gifted artists” are more often than not, left-handed.
Here’s an artist’s rendition of the dem’s health care bill co-mingled with Cap & Tax.
In the “upper left-hand corner”?
That’s a left-hand reaching out, right?
Jenifer
December 21st, 2009
11:16 am
“To Jennifer and USinUK:
That’s what happens when we let the girls p** with the boys …………. war is hell.”
What a profound thinker you are, Scout!
Kamchak
December 21st, 2009
11:16 am
Not many Keynesians on the right.
Common Sense
December 21st, 2009
11:17 am
We’ll have to agree to disagree on that one.
Hillbilly Deluxe
December 21st, 2009
11:18 am
I’ll go with the Dutch Calvinists since they’re the ones who opened it up to the general public…tulip bulbs, anyone?
Hey now, I got kin was married in the Nieuwe Kerk (New Church) in Amsterdam back in the 1630’s before they left (or got run out) and came across the Big Pond.
my brother the stockbroker whapped me upside the head to take my allowance!
Did he get credit for that towards a finance degree?
@@
They say 10% of the population is left-handed yet probably 80-90% of my friends are left-handed and I’m mostly ambidextrious. (I can do anything either way except throw a ball or write and I can barely write with either hand, and some things I can only do lefty). What you reckon that says about me?
Scout
December 21st, 2009
11:19 am
Why thank you ma’am.
By the way, I spent a full year in infantry combat. Have you?
Jake
December 21st, 2009
11:20 am
Obama is destroying this country. It’s gonna take a long time to undo the damage.
Hillbilly Deluxe
December 21st, 2009
11:20 am
The term southpaw comes from baseball. Most parks, the batter faces east so as not to be staring into the setting sun. The left-hander comes from the south side of the mound, hence southpaw.
Robert
December 21st, 2009
11:21 am
Trudy,
You want to talk about who’s destroying the country now? Here is an example of destroying our country. Do you think borrowing money from the Chinese to spend $30 million on saving marsh rats in Pelosi’s district when this should have been spent on creating jobs is smart? This jobs stimulus bill is nothing more than a Democrat’s wet dream come true.
Jenifer
December 21st, 2009
11:23 am
“By the way, I spent a full year in infantry combat. Have you?”
Thank you for your service. No, I haven’t.
Hillbilly Deluxe
December 21st, 2009
11:23 am
Another interesting fact, all musical instruments are right handed (unless special made for lefties). Even drums are generally set up right handed, although they can be set up in reverse. Ringo Starr is a left-hander who plays with the right hand set up.
Getting Dinner time here in the hills.
USinUK
December 21st, 2009
11:24 am
Hillbilly – thanks for the etymology … I always wondered why lefty pitchers were called that … now I know!
Taxpayer
December 21st, 2009
11:25 am
I stayed at a Holiday Inn.
@@
December 21st, 2009
11:25 am
Hillbilly:
What does that say about you? You’re hanging out with too many lefties?
You’re KINKY!!?!!
(IW&SH)
Bosch:
What is a southpaw?
That’s, at least, the second time you’ve asked, and had the question answered.
What are you…..senile or just playin’….?
Kamchak
December 21st, 2009
11:25 am
Reagan, Bush Sr. and Bush Jr. destroyed this country. It’s gonna take a long time to undo the damage.
fyt.
BMDPD
December 21st, 2009
11:27 am
I think we should split into two nations (CSA and LSA). This is my theory. All productive people would move to the CSA (Conservative States of America) and live happily. However, all the libs would move to the LSA. They would be happy for a few years until the LSA went bankrupt. The LSA could do nothing about it because they have spent all of their money on social programs.
Bosch
December 21st, 2009
11:29 am
BMDPD,
My southpaw is currently on a ladder behind me cleaning the ceiling fans – I relayed the message and I’ll spare you the answer (although it was directed at me). I think i have to go clean now.
@@,
No it’s the first time I’ve asked – I’m certain. but why don’t you go back and spend four or five hours in the archives trying to prove me wrong.
BMDPD
December 21st, 2009
11:30 am
Bosch, have a good day!
AmVet
December 21st, 2009
11:31 am
For all you “Support the Troops” types, (wink, wink, nudge, nudge, know what I mean, guvnah?) there was a great program on The Discovery Channel last night called Two Weeks in Hell, about evaluating soldiers for acceptance as Green Berets.
Badass to the bone!
My kind of Americans, even the guys who didn’t make the cut…
BMDPD
December 21st, 2009
11:32 am
One famous Dem once said, “ask not what your country can do for you, but what you can do for your country.” Obama has the idea of, ask what your country can do for you, not what you can do for your country. When did that change?
Scout
December 21st, 2009
11:32 am
Jennifer:
Well, maybe then I know just a little more than you about mixing men and women in that type of situation. It was not the smartest thing we ever did. It “functions” ….. but it’s not the best.
Politcal correctness and war is like oil and water ………. they don’t mix.
Well, now that I’m not in the military anymore my new commander (the Mrs.) says it’s time to go shopping …………… see you guys later.
Bosch
December 21st, 2009
11:34 am
@@,
Or more true to your form – why don’t you go back and spend four or five hours in the archives pulling up bs things I’ve said that have nothing to do with me asking what a southpaw is? LOL!!!
uhg
December 21st, 2009
11:36 am
jan 31, 1999 – dow closed @ 11,497. dec 18, 2009 – dow closed @ 10,349
Doggone/GA
December 21st, 2009
11:37 am
“spend $30 million on saving marsh rats in Pelosi’s district when this should have been spent on creating jobs is smart?”
FIRST rule of the conned: NEVER let a good lie die
josef nix
December 21st, 2009
11:38 am
Hillbilly–
Talking about ancestors during that period..one of mine died leading the Catholics at La Rochelle, his son, one of Henri’s (the convert from Calvinism to Catholicsim) mignons, is the one who did in Richelieu, then took Marie to Holland, left his son there who, now a Calvinist, was allowed to go to England, then took a boat for America as an Anglican, came to Virgina and his grandson married a Jew from Amsterdam…
Doggone/GA
December 21st, 2009
11:38 am
“Ringo Starr is a left-hander who plays with the right hand set up.”
And Paul McCartney is left handed, but he strings his guitar for right-handed play and plays it upside down
josef nix
December 21st, 2009
11:39 am
Time to go take care of bidness…y’all play nice, now, y’hear….
USinUK
December 21st, 2009
11:39 am
man … it is bucketing down with snow outside … I’m heading home …
happy solstice!!! tomorrow the day will be longer!!! hooray!!!
Jenifer
December 21st, 2009
11:40 am
“Politcal correctness and war is like oil and water ………. they don’t mix.”
Sure are important though, aren’t they?
Big D
December 21st, 2009
11:41 am
USinUK, same mistake I made…you sound like Euro-trash, really confused and hard to figure.
Robert
December 21st, 2009
11:41 am
Here’s an interesting website to refer to every now and then.
http://www.usdebtclock.org/
Check out the interest we pay on debt. As we add to the debt and we lose our AAA rating, this interest expense will soon double.
Robert
December 21st, 2009
11:49 am
Doggone/GA,
What was incorrect about my marsh rat statement?
@@
December 21st, 2009
11:50 am
Bosch:
‘Ya never know, I just might. Your overly defensive response a harmless question was enough fun for today.
If you’re “nothing else”, you’re predictable.
I don’t do the “laugh out loud” thingies either, but I am…
GreenJeans
December 21st, 2009
11:51 am
I suspect another reason to get HealthCare in the can now is to let the next couple of holiday weeks soothe the burn.
Then it should be all eyes on Fall 2010, and let the best PR campaign win. And guess which team an improved economy will help?
Rightwing Troll
December 21st, 2009
11:57 am
Everybody knows that Clinton Handed Bush a recession and God Bless his CEO heart he turned it all around and gave us 8 years, er ahhh 6 good years before that evil Pelosi wirmens took over and before Obama and ACORN trashed it all in the last 8 months…
Doggone/GA
December 21st, 2009
11:57 am
“What was incorrect about my marsh rat statement?”
the stimulus bill contained no allocation for any such project. How about: it was a total lie
Rightwing Troll
December 21st, 2009
11:57 am
And it’s Barney Frank’s fault too….
Normal
December 21st, 2009
11:58 am
KAMCHAK, “bulge the ol’ onion bag.”
Is that like sticking a sock in your pants?
Disgusted
December 21st, 2009
12:01 pm
Can we get rid of all the discord on this blog by satisfying the Rightists and agreeing to go back to the 18th Century?
Kamchak
December 21st, 2009
12:02 pm
Normal
No–It’s Tommy Smyth’s (color commentator for ESPN) description of scoring a goal in futbol.
AmVet
December 21st, 2009
12:05 pm
The more the cesspool changes, the more it stays the same…
(CNN) – Hey may have exited the national stage nearly one year ago, but former Vice President Dick Cheney has been named “Conservative of the Year” by the conservative Human Events magazine for his ardent and continuous criticisms of the Obama administration’s national security policies.
Is it too early to wish everyone a Happy New Year and an Electoral Bloodbath Part Trois to my “conservative” friends?
Kamchak
December 21st, 2009
12:10 pm
…but former Vice President Dick Cheney has been named “Conservative of the Year” by the conservative Human Events magazine for his ardent and continuous criticisms of the Obama administration’s national security policies.
He won this award for doing nothing but running his mouth against a sitting president?
Robert
December 21st, 2009
12:12 pm
Doggone/GA
Ummm, yes it did. Just because you say it ain’t so, doesn’t mean that $30 million wasn’t spent to create jobs as the bill as this bill was sold to us.
Many sources out there. Here’s something I found on Washingtontimes.com
“Lawmakers and administration officials divulged Wednesday that the $789 billion economic stimulus bill being finalized behind closed doors in Congress includes $30 million for wetlands restoration that the Obama administration intends to spend in the San Francisco Bay Area to protect, among other things, the endangered salt marsh harvest mouse.
House Speaker Nancy Pelosi represents the city of San Francisco and has previously championed preserving the mouse’s habitat in the Bay Area.”
There are other good examples of us borrowing money from the Chinese in the name of creating jobs if you would like to see.
Doggone/GA
December 21st, 2009
12:12 pm
“He won this award for doing nothing but running his mouth against a sitting president?”
No, he won it for running his mouth THE MOST against a sitting president.
Normal
December 21st, 2009
12:14 pm
Jennifer,
While the American Woman has done great things in the Military and have performed well in untraditional roles, like combat, and serving on flight decks of Aircraft Carriers. I’ll admit I was against their inclusion into my “world”, and I’m still not thrilled over it.
In my world, in the Navy, say I was stationed on a ship with women, while at war, and our ship took a serious hit. When that happens, damage repair parties have only minutes to control the damage and fires or the ship is lost. If there are only woulded men laying on the decks, I can brush them aside and get to the job at hand. If there was a woman down, bleeding and screaming, because of the way I was raised, I might not be able to brush her aside. And helping her might get us all killed because I wasn’t there to fight the ship.
In other words, my biggest concern about women in combat situations, was their ability to distract from the combat situation, through no fault of their own, but because of the way American Men were raised. “Protect your women folk at all cost”
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December 21st, 2009
12:14 pm
Awhhhhh, you southpaws are just mad ’cause Cheney’s dissent has been rewarded. Yours?
not so much.