I keep thinking about the parallels between the 73-74 bear and today. Very few factors are similar but the one that seems to me that's the most glaring is the lack of confidence in our Executive branch. Back then we had Agnew and Nixon who were primarily politicians. I doubt I need to remind folks about Nixon's minor offenses but as a reminder: Agnew came under investigation by the U.S. attorney in Baltimore for allegedly receiving payoffs from engineers seeking contracts when Agnew was Baltimore county executive and governor of Maryland. Agnew asserted his innocence, but he then resigned on Oct. 10, 1973, and pleaded nolo contendere, or no contest, to a single charge that he had failed to report $29,500 of income received in 1967. He was fined $10,000 and placed on three years' probation.
Now we get Cheney and Bush. A wholesome, twosome if there ever was one. Squeaky clean, if you ask me<vbg>. Who can fault a man like W for failing to file a form, every now and then. Give the man a break, it's not like he made any money from these transactions! I mean, what's $800 thousand to a man of his stature and breeding! As for our friend Mr. Cheney, well who can forget that he: left graduate school in 1969 to work in the Nixon White House. When Pres. Richard Nixon resigned, Cheney joined the transition team and then moved on to deputy assistant to the president and, later, White House chief of staff.
I'm probably way out on a limb here. I doubt there's any correlation between the current market action and our country's current leadership. Nah, can't be any connection whatsoever! |
