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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Jan 21 4:00 PM EST

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To: GROUND ZERO™ who wrote (42725)	12/28/2012 2:42:18 PM
From: penthouse mike	Read Replies (1) of 222175

Congress by law is supposed to pass 12 Appropriations bills every year for Energy, Transportation, etc but with the exception of defense they have gone 4 years now without passing one. At the end of each year they pass an Omnibus bill which jams 11 bills into one document basically saying that they will spend at last years level. In tough years they can't even agree on an omnibus bill so they pass continuing resolutions all year to keep enough money for 2-3 months at a time. So playing the delay game is the only trick this pony knows. As someone who worked closely with Congress for 20 years, I have noticed how the institution has changed to enable low level members to stop the group from doing anything. In the Tip Oneil and Ronald Reagan days this did not happen as junior members were told how to vote by their party leaders and they listened or they suffered the consequences. Reagan would call Tip and work it out and Tip would quietly get the votes.

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