Week in Review

Let’s summarize.  We lost our AAA rating after Congress cut a budget deal cutting a whopping $7 billion from this year’s budget, just a teensy bit short of the $4 trillion recommended by ratings agencies.  The stock market tanked — possibly because of the lame budget, more probably because of the Eurozone crisis (they’re in even worse shape than we are).  Democrats blamed Tea Partiers for being radical and outrageous in their demands the debt be cut.  Tea Partiers blinked in confusion, wondering what cuts they were talking about.  Obama’s approval rating hit a new low.  Consumer confidence plummeted, taking the stock market for another rocky ride.

London burned and their fearless “conservative” leader, Cameron, blamed Facebook (Europe really is pathetic).

Another appeals court ruled the individual mandate in Obamacare unconstitutional, which really doesn’t mean much because we all know it’s going to the Supreme Court, and why the devil it’s been taking so long is beyond me.



About Mystic Cowgirl

I worked overseas in the aid game for longer than I'd like to admit and learned several important things: 1) Third World countries aren't poor because America is rich. They're impoverished due to socialist governments that provide neither rule of law nor basic infrastructures; 2) These socialist governments redistribute wealth from taxpayers to the government workers. There's no benefit to the poor or downtrodden, and certainly not to the general welfare in terms of infrastructure improvements. 3) America is moving toward the Third World model. Rule of law has been subverted because equality under the law is disappearing as special interests carve out exemptions to regulations and special favors under the law. The redistribution of wealth to government began decades ago -- total compensation for government employees now outpaces salaries in the private sector.
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