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I'm back !!!
October 21, 2009 - Steve Schulwitz
Wow it's been over a month since I've last blogged and there has been so much that has taken place. I have visited Detroit and found one of the largest waste of taxpayers money imaginable. Quarterly earnings report are in full stride, while the market has eclipsed 10,000. Our president has won the Nobel Peace Prize and local elections are just around the corner. Lets begin with our national government's spending. While on the trip( to see KISS!!! ) Andrea and myself could literally see the stimulus money at work. Not in a way I approved of though. Every time we approached a construction area there was a shiny new road sign that read... "This project is paid for through the American Recovery and Re-investment Act." There was also a sign reading the same on the other side of the work area. Now I don't know how much a sign like that costs, but if there are a pair of signs posted at every stimulus construction sight, around the country, it has probably cost millions!! How many more projects could have been funded from the money saved by not purchasing the signs? Here's hoping another stimulus package is not needed, or wasted. Since my last post the stock market has continued to march higher. Huge quarterly reports from CAT, Apple, IBM, Google and Intel have helped keep the Dow and the NASDAQ on the rise, even though some of the economy's data has been less than stellar. Apple in particular has been sizzling. The computer/ cell phone/media giant had its most profitable quarter ever.The shares surged up $15 in two sessions to over $205. The so called "experts" have lifted the price target on the stock from 210-300 dollars and I tend to agree, as Apple has a steady sream of new products in the pipeline. The iPhone is being released in China at the end of the month and then I think the stock is off to the races once more. What can I say about President Obama winning the Nobel Peace Prize. I don't agree with it. Sorry, I don't want to start a debate over this, but how can he win the award when the winner was chosen only two weeks after his term began? Up to this point he has talked a good game, but we have yet to see Cap-and-Trade or health care reform. Two of his biggest pre-election goals. He won this award because of the distain for former President Bush, nothing more, nothing less. At least he is going to donate the money to charity, hopefully several. I also want to remind people to get out and vote on November 3. It may not be a presidential election, but there are several key millage proposals in northeast Michigan. If some of these fail, it could result in the loss of police on the roads, money for schools and jobs. It will be interesting to see how this all pans out. Please do your part.
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