Knowing When To Shut Your Mouth

My Austin friend and fellow Baptist - Texas in Africa - has an interesting post on the economy that you should check out. TIA writes:

A colleague and I were joking a few minutes ago that it seems like there's finally an advantage to being graduate students with no assets, but as Committee Member #3, who's less than five years from retirement, pointed out, it's not funny at all for those whose retirement accounts are up in the air. And that's the problem: something has to give, but letting the foxes write their own legislation isn't a very trustworthy solution.

It is true that most college kids and graduate students don't have a dime to their name and are likely drowning in debt. However, there are at least a few graduate students who do have a decent-sized portfolio and who have attempted to save and invest their money wisely. In the rare instance, a handful of us have "earned" our $$ the painfully hard way. But in most cases, the graduate student with a portfolio has busted his or her rump over the past handful of years working a real world job. One of my best buddies from Georgia is a great example. He's a Techie (GA Tech), a helluva engineer who works dang hard during the day, goes to MBA school at night, and has a wife in medical school. He's smarter than me when it comes to managing money and economics and his portfolio is probably much better off. But everybody is hurting and everybody is waiting for that rebound which at the moment, I'm not sure if it's gonna come....And as TIA points out, this crisis is definitely not funny to those with retirement accounts especially those who had hoped to retire sooner than later.

Which leads me to my main point in this rant:

Nancy Pelosi is a moron...the moron of all morons.

This is coming from a Democrat might I remind you. But Pelosi stinks. After her stunt from the floor today, I'm convinced she's not fit to be Speaker. Step down and please, oh please let someone else with a little more common sense step up. I usually have faith in the Democratic Party. I have no faith in Nancy Pelosi and any respect I had for her just went out the window this afternoon along with enough money to keep my belly full for another 8 months.

The Republicans aren't blameless. Minority Leader John Boehner did an absolutely horrible job of bringing his fellow House Republicans on board. When it came time to deliver, Boehner failed miserably. But in what was supposed to have been a bi-partisan effort, Pelosi took to the floor of the House and started bad-mouthing Bush and the GOP. Wow, good move there Nancy!!! Sometimes you just gotta know when to shut your mouth.