Day 15 – Freedom still flying … but for how long?

 

Yes, the flag of freedom from some aspects of national government still flies, but we are getting nervous. We worry that this was what the Administration, or at least the people pulling the strings of the Administration, had wanted all along. The website failures are the clue.

Stick with IFO here, she’s going to give you some ancient history to back up her opinion. Many years ago, in the early days of her reporting career, she covered a school board meeting at one of the worst school districts in the county.

Parents were upset. This in a very low-income area in the county. Voters had continually refused to approve new, higher taxes for the district. They attended the board meeting to complain about low test scores. They begged teachers of elementary classes to return to phonics, so the kids could learn to read.

The response? Administrators and teachers were nearly unanimous in their arrogant refusal even to consider returning to phonics, in spite of piles and piles of evidence proving the superiority of phonics in teaching reading. They wanted all the new, expensive, low-content textbooks and that costs money, they pointed out.

Oh, and the test scores? That proved, they said, smugly, that the school district needed more money. The parents thought they had found a way to force teachers to do a better job with that embarrassing evidence, but it just backfired.

Back to the present. We are worried about a backfire effect from the health insurance exchange website failures – somebody is sure to say it just shows that the govt needs more money to enforce the healthcare law.

We are  nervous in spite of the courage and determination conservative Republicans are showing, in spite of the fact that they aren’t reneging on their campaign promises to slow or stop the new huge health insurance law, in spite of the enormous pressure being brought to bear on them.

We’re happy they are standing strong, but constantly worry that enough Republicans will cave to give away the store, yet again.

This courage is driving the Dems, the Obama administration and the media nuts! They thought they had done it – had driven the Republicans to cave yet again. They had not counted on the new crop of libertarian/conservative representatives in the House. This is giving the Speaker Boehner some much-needed backbone.

So, we’re happy, but nervous. Just like the stock market. IFO’s financial advice is this: stay strong, don’t panic when the market drops. If the conservative Republicans win, we could actually see the public sector of the economy shrink to more manageable proportions, while the private sector gains strength and productivity.

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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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