Tuesday, July 25, 2006

Mid week funnies

Wow, I can't believe it's mid-week already! As usual here is our weekly jaunt at exploring the non-financial news by collecting the pick of the editorial humor cartoons for the week. Also as usual I don't necessarily agree with the opinions implied by the cartoons.

For those who may have missed this news item: George Bush made William Haynes, the white house lawyer who wrote the torture justifications for gitmo, a federal judge for life. In case you don't recall: Haynes' opinions on torture, detension, and combatant status were eventually disavowed by the administration the day after the supreme court found them unconstitutional.

I still can't believe Bush finally used his veto for the FIRST TIME. And to oppose stem cells! I have to admit I would have liked to see him use it about ten times before now to impose some fiscal discipline.

Deficit projections are coming in below estimates. The primary reason for the (small) change seems to be that more wealth is getting concentrated among the better off, who pay higher tax rates. Despite benefitting from this, I feel uneasy about it.

Okay, this is just funny...

Nobody expects Congressmen to go hungry, and earning money is okay.... but Hastert has earned an annualized 18% for 19 years -- better return than warren buffett! -- by using federal funds to run roads and build projects near land he owns. Most congressmen put their assets into a blind trust that holds stocks and bonds.

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