Arizona

Truly a Very Busy Couple Weeks of 2010

I was giving a lot of thought this week about what I would write about–I was so conflicted and undecided about all that happened this week in the news I decided to touch on a variety of issues.

First, let me just copy my commentary posted at http://budurl.com/7wdn this is my business website, where I often post opinions of happenings in the business world. Below are my thoughts on the passing of the Financial Industry Overhaul Legislation passed by Congress:

Today the U.S. Congress passed the most sweeping Financial Overhaul Legislation since the Great Depression!

I believe that we are systematically seeing the destruction of capitalism and free-market in our country. I’ll leave the final decision of this legislation to those on Wall Street, Corporations, and Investors. However, I believe we’ll find this legislation will ultimately lead to more layoffs in the financial industry and less access to American Business for obtaining capital.

In the past 6 months, we have seen now two pieces of Federal Legislation that possess over 2,000 pages. Between the healthcare overhaul and now the new financial industry regulations, our government has never been bigger! If you’re a free market capitalist and you believe in making your own choices then this legislation should scare you!

Again, let me just say that I believe our government is getting too big! The Federal Government continues to inject itself into the business of the States!

There can be no better example than the current Illegal Immigration Legislation passed by the State of Arizona. Now, whether you agree or disagree with the legislation Arizona passed, the bottom-line is that Arizona has a right to pass its own laws. Congress and the White House getting involved in Arizona’s business is in my opinion a travesty, and another example of a Federal Government out of control.

I’m sure everyone heard about BP Oil plugging the well that’s been leaking in the Gulf Coast. This was great news for the folks living in the Gulf Region and I pray they have the best of fortunes with the clean-up efforts. The leak went on way too long and it is my hope that the truth will come out in regards to the incompetence we witnessed during this tragedy.

The longest serving United States Senator died; Robert Byrd. Byrd was known for his speeches on the Senate Floor, and as much as I disagreed with his politics, his patriotism will be missed. Those of us who watched him all these many years remember his holding a copy of the United States Constitution in his hand to make many of his points. So now we have the U.S. Senate having lost its Lion in Ted Kennedy and the self described “Hillbilly” in Robert Byrd.

The sports world, along with the famed New York Yankees lost their owner George Steinbrenner. Everyone knew George to be fiercely dedicated to his team and to the sport of baseball. While many times throughout his career he was controversial, one item of note following his passing was that the players always respected him and appreciated his commitment to them as well as the game itself.

Finally, I wanted to provide a link to a story written by Andrea Peyser of the New York Post: http://budurl.com/3m82 If you haven’t heard, Muslims have received a thumbs up to build a Mosque near Ground Zero in New York City. This has enraged neighbors in the area, as well as New Yorkers who feel this is a “…insult! It’s a stab in the eye of America”, says Pamela Geller.

My feelings have and always will be that the only thing that should be built on Ground Zero or near Ground Zero is a Memorial to those lost on 9-11 and new towers. Those towers should have been rebuilt years ago, but politics and greed have delayed construction. I know that we as Americans are better than this–we must demand more from the politicians and business community in New York City!

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Sunday, July 18th, 2010 Human Interest No Comments
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