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Stocks Down, Energy Down, Down With Health
by Ken Mahal, NSC President
Originally published on  March 12, 2009 - reprinted with permission


   The day after he said buy stock the market tanked 281.40 points. Never in our history do I ever remember a president telling us to buy stocks. In fact since when is it the job of our president sticking his nose into our investment business anyway? Do we get to sue him and the government if things go bad? Well we most likely shouldnít blame him with all of the other things that are tanking in our economy. I see by comments on the Fox business news that it was reported that millions of people over recent months have been stuffing hundreds of thousands of dollars in coffee cans in their homes making it even more of a problem getting people to spend instead of saving at this time. Strange isnít when we want people to save they donít. I donít blame people for putting money in the sock, under the mattress or in the suitcase in case you want to make a quick trip out of town to places unknown.
Citigroup was in pennies this afternoon when just recently it was considered one of the better stocks to own. I did a quick calculation on what it will take for us to live and hopefully we are covered for ten years and after that let the president who ever it is take care of us. There is no point in worrying but it might be a good idea to pray a little bit to our maker to give us a helping hand during these tough times. I find it little hard to believe how bad our economy is when you and I did nothing to screw it up and donít know anyone personally who might have been a part of the screw up of our economy. This is the worst economy since 1997 or 12 years. In Las Vegas we have the highest rate of home owners with homes worth less than the value of the mortgage. For a change it would be nice to be ranked in a good bracket wouldnít it? One good one is that gasoline is down about 50% from 4 months ago. By the traffic everyone likes cheaper gasoline or did we ever care?


   The big drop from about $145 to $45 dollars a barrel for oil makes me really happy to see. Speaking of that I really think instead of our leadership saying we go renewable like solar energy and not dirty coal, that we do all of it. Why should we shut down the oil and coal industries when we know how to clean it up? Why should we put the hard working people in the coal, oil and nuclear industry out of work when all of them help us protect ourselves from any energy problem that comes along? There are tens of thousands of hard working people in these industries; do we really want to put all of these people out of work? I donít think so; we should just work harder to clean up the emissions so that we can use coal, oil, nuclear, solar, wind and thermal side by side to solve our energy needs. It seems to me that we have many options that we should use until we can find the ones that work the best or maybe use all of these resources as long as we have them and we are innovative enough to do it well. Isnít that what is so great about this country we can do any of it so long as different energy sources are better in one area than any other? Just leave us alone and let the various regions of the country do what they can to produce certain energy better. Do not try to shut down some energy sources just because some politician calls it dirty in order to get their solar energy on the agenda. As far as solar goes we have enough desert land and sunshine in Nevada to provide solar power for the entire United States but logistically it would not be practical so fine, use the solar where it makes sense as well as coal, oil etc.


   Hold on to your seat folks we have been there already. Remember when we went through more than a thousand pages of health care reform under Hilary Clinton when Bill told us about the two for one package when he ask her to rework our health care. We still only needed one page to do our senior health care. Now letís see how many hundreds of pages will be need for the latest revised health care that we will need to be diligent over. If you saw what I saw today March 4th there must have been at least a hundred high powered, suit wearing, know it all health care experts listening to our president give them a summary of what he wanted from them in this new and revised health care service for all Americans. With what I heard it sounded like more of the same; the rich will be expected to dig into their pockets and pay for it. Amen to all.