Feeding time!
I love the fact that the spoils system is back after close to 150 years of it being gone. Even more interesting is how it vanished in about a month, without any real question or comments. Now you just reduce people's salary to $1.00 that you don't like and keep it there till your man (woman? Oh please, white men need jobs!) gets in, then raise it up to the appropriate reward level.
I wonder how long it would take to re-institute slavery. It would pass constitutional muster (except as authorized by congress....) so it would just be a simple law or two. Pass it in an evening session on a Friday.
In the meantime I moved the second % of money out of retirement investments into cash for the moment. Not the best place of course, inflation will make US dollars worthless again, but it's a start. First move was 10%, second move was 15%, I think I'll move 60% out then think about it some more for the remaining 40%.
Note: The above was as calculating as my moves in when Obama was elected in 2008. Reason being that I know Democrats are good for the economy and stocks, and Republicans are terrible for the economy and stocks (except of course for their favored companies). So it's not reactionary, it's plain common sense
I wonder how long it would take to re-institute slavery. It would pass constitutional muster (except as authorized by congress....) so it would just be a simple law or two. Pass it in an evening session on a Friday.
In the meantime I moved the second % of money out of retirement investments into cash for the moment. Not the best place of course, inflation will make US dollars worthless again, but it's a start. First move was 10%, second move was 15%, I think I'll move 60% out then think about it some more for the remaining 40%.
Note: The above was as calculating as my moves in when Obama was elected in 2008. Reason being that I know Democrats are good for the economy and stocks, and Republicans are terrible for the economy and stocks (except of course for their favored companies). So it's not reactionary, it's plain common sense