U.S. gets bin Laden – now what?

From the moment news of the successful capture and killing of Osama bin Laden broke, IFO began to consider the ramifications.

He was called the mastermind of the attack on the Two Towers as well as many earlier attacks in the Middle East, all of which have left hundreds of people of all races and nationalities dead. Our failure to get him for so many years gnawed away at our national self-confidence for years.

We are reminded of a cartoon we saw in 2001 right after the towers fell and the search for bin Laden intensified. He was shown as a ticket taker on a London double decker bus. Sorry we can’t find it for you to post here.

A few more random thoughts:

* Pres. Obama’s speech announcing the coup was a masterpiece. The best he’s ever given. Kudos to him and his speechwriters – he hit all the right notes.

* What effect, if any, will this have on the U.S. and world economy?  The metal markets reacted immediately with prices going down. Those are short-term bumps, based on headlines and day traders’ opinions. Longer term, all will depend on whether our spending changes. We can have a huge effect on the national budget if we cut military/defense spending now. Bring troups home.

*Get U.S. Repr. Allen West (R.-Fl.) in on the budget talks – as a third generation military man, he said he knows where the waste is and how to cut without cutting our military readiness and effectiveness.

* We don’t think bin Laden was insane or a monster. He is, however, a perfect example of a highly intelligent man who has become consumed by ideology.

* bin Laden, like many of the attackers who flew airliners into the towers, the Pentagon and the ground, and like Iran’s Ahmadinejad, were all trained as “engineers.” What does that mean in that context. What is engineering training in the Middle East???

* Will we see more activity by al Qaeda, bin Laden’s group? We don’t think so. People have no idea how much money, planning, patience, intelligence, determination and intensity are required to lead a group like that to pull off successful projects. We do.

We think al Quaeda will just fade away. A few lieutenants may try to carry on, but we think it’s over. It will fade away, that is, unless the U.S. STUPIDLY funds another group just like it to fight our “enemies.” Please, NO.

* Excited newscasters last night inadvertently mixed up the names of the president and bin Laden. By this morning, the mixups were no longer inadvertent. As my high school girl friends used to say, that was “Rude, crude and socially scr*wed.” I’ve lost respect for the talk show guys who did that.

* In this moment of pride and recovered self-respect, Americans can begin to rebuild the private sector economy only if the government sector shrinks. Let’s get going!

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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