TGIF

-Been an interesting week, so far. 08.02.11 came an gone, the sky had not fallen yet. A Debt Ceiling Law was passed. But the markets took a good hit...they called it a "technical correction" but it sure sucks the 02 out of you. The "correction" is not done yet either.
-As soon a congress returns from August recess they are going to jump start the selection process of establishing the Super 12 Commission to come up with another $1.5 T /10yrs of additional spending cuts. One wonders if it will carry over the Gang of 6 (under the guidance of GI blazing the trail), who worked on this mission for over 6 months and came up with...? JIP!!!
-pp has come up with a couple ideas of his own to ramp up the economy. He wants to extend the payroll 2% tax cut, puts a $1,000 bucks in working family billfold, but digs a deeper hole for entitlements which is sucking the air out of the economy. Wow! The next idea is wild, looking into reworking the patent code process. This would do wonders for the immediate financial trough we are in!!!
-Sir, you maybe brilliant, but you ain't smarter than a 5th grader.