The ruling class in DC is feeding again, in a particularly invidious and hypocritical manner. After posturing for the public by attacking corporate CEOs using private jets, they slip a purchase of eight more for themselves to be pampered around the world.
WSJ: "WASHINGTON -- Congress plans to spend $550 million to buy eight jets, a substantial upgrade to the fleet used by federal officials at a time when lawmakers have criticized the use of corporate jets by companies receiving taxpayer funds. The purchases will help accommodate growing travel demand by congressional officials. The planes augment a fleet of about two dozen passenger jets maintained by the Air Force for lawmakers, administration officials and military chiefs to fly on government trips in the U.S. and abroad. The congressional shopping list goes beyond what the Air Force had initially requested as part of its annual appropriations. The Pentagon sought to buy one Gulfstream V and one business-class equivalent of a Boeing 737 to replace aging planes." "
Wonderful. Don't the antics of these hogs make you sick ? or angry ? Is there any more sleazy, disreputable, unethical passel on Earth ? Well, maybe ... in that gangocracy, Russia.
The Republic is never safe while Congress is in session.
None. I await a screaming buy or an idea on which sector or stocks will lead this bull market back to S&P 1200.
Word of the Day
"Minatory" - adjective [$10] from the novel, "Elmer Gantry" by Sinclair Lewis.
Minatory means threatening, menacing.
Sentence: North Korea relies on minatory stances and actions to generate foreign aid in the manner of an extortionist. I wonder if Obama will pay up.
Le Mot du Jour
"Exiger" - verb, transitive, regular -er conjugation like manger
Exiger means to demand, to require, to call for.
La Phrase: Exigeons des réformes dans le Congrès.
Sentence: Let's demand some reforms in Congress.
[sheesh, I just fixed a stupid error (noon ET)]