Bloomberg Reports – Dow Climbs to Highest Since Lehman, 30-Year Bond Slides on Fed.
Yes, the highest in…..what is it? Two years? Yes, in just about exactly two years. Hmmmmm. That’s coincidental, isn’t it?
It actually is just wonderful. I have a great idea – let’s just go ahead and have the 2011 elections now. We would save time, money, and probably see the market go up even more!
Speaking of bump in the market – why are the liberals bellyaching over all the money spent for this election? Don’t they realize that it’s like a private-market-stimulus?
It dawned on me while I was ordering newspaper ads for the PAC I administrate. I mean, I am just a mom in Kentucky trying to support values-candidates. Even little Family First ended up spending what I consider a decent amount of cash in Kentucky races.
Advertising is not cheap. Ok, well, in some really small papers it is, but not in most. It must be that print, radio and television media make the bulk of their profit during the even numbered years in September and October.
So, besides my little piece of the pie, can you imagine how much has been spent in our nation for all of the elections – from the local to the national level? No, go ahead, you’ll never guess. $4 billion. Yes, with a B. FOUR BILLION DOLLARS.
Ok, that’s a little overwhelming. But why gripe about it? I mean, isn’t this a good thing?Individuals, corporations (now, after Citizens United, the real beef of the Democratic Party), political action committees and other groups spending private monies voluntarily (well, mostly voluntary) on advertising – at NO EXPENSE TO THE TAXPAYER.
Honestly, it not only rivals a small stimulus, it IS a stimulus. And guess what? We don’t even owe China for this money (although we may have to pay back some dead people in Las Vegas).
Additionally, I should add that $4B is a ‘projected’ amount. I am certain the final total will be much higher. In case you didn’t know, there are many savvy politicians who purposely fail to file their expenditure report until AFTER the race. This is primarily to keep their opponent from realizing how much of their own (or their father-in-law’s) money they had to dump into the race. So, expect that number to jump when Papa’s cash is added in sometime around December 2.
In this digital age, when everyone is crying about the death of printed news and radio (that is not XM), shouldn’t we be proud of the overwhelming support we have given to the media of days gone by? I mean, our children surely won’t be spending this kind of moolah for ink on paper during an election, much less airwaves that have static.
I’m sure that online advertising had increases in this election as well, but it cannot compare to candidates paying $5,000 for a quarter-page ad in the Courier Journal. [BTW, my little ad in there was 2" by 3". I don't know if anyone even noticed.]
So, the next time one of your liberal friends starts complaining about ‘outside money’ ‘anonymously’ poured into races in Kentucky, send them to Bloomberg. And remind them of the potential for selfish competition in a free market to benefit everyone.
Update for Kentucky : David Williams is considering a compromise on expanded gambling by saying that the Senate would consider it if the House recommended a Constitutional Amendment on the issue, which would allow citizens a vote on the issue. Of course, they don’t see gains in the House and Senate by non-expanded gambling candidates (at least 8 of the 13) or the inability of pro-expanded gambling candidates to oust incumbents as related at all.
What is he thinking? You guessed it – more stimulus for the Kentucky economy. The battle to manipulate the public into voting FOR the amendment will be massive. The entire horse industry will begin a new round of advertising and PSA’s and guess what? Kentucky will have a little economic bump by November 2011.
So…..I have another great idea. What if we just keep battling about the issue for around, oh, three years or so—and keep them spending. Voila! Stimulus!
Then again, I suppose I would have to join in and find a way to counter their efforts, so that means more stimulus–but from MY pocket. Hey…. wait a minute. I