Hey everyone, I hope everyone is having a terrific week so far. First of all I want to thank all of you who have been coming to my blog and writing me and leaving comments. It's been great fun and continues to be a great joy to do. Since this is a political blog in the style of a daily column I use this blog to write about what inspires me politically and use my perspective to hopefully give you a different take on the news of the day. Now that the election is over, this blog, like many others, is in a type of lull period. With the holidays approaching and with over two months to go before Barack Obama is inaugurated, things are going to slow down a bit.
So what this means is that I will try to have new content daily, but some days may be more like my weekend posts which primarily link to other stories of interest for the day. When I set out to write this blog, I wanted to create something original that involved primarily my own writing and my own thinking. As stories come and inspire me I will write original posts and give you my insights. One of the things that tend to bother me about some other conservative blogs, and frankly liberal blogs, is the propensity for redundancy. There are only so many stories folks that can be written from a fresh perspective right now. A lot of blogs are still engaging in postmortem analysis and trying to read the tea leaves about an Obama administration. That frankly does not interest me.
In the coming weeks we may have some political maneuvering and last minute Congressional bills that I will write about in earnest, but I just want you to be aware that for the next little bit this blog may every once in a while be more focused on story analysis then original political posts. Come January 20th, however, things will be back on track. So with that being said, here are some of the stories that I feel are important for today:
Starbucks Massive Profit Loss- From Yahoo News:
Seattle-based Starbucks said profit in the quarter fell 97 percent to $5.4 million, or a penny a share, from $158.5 million, or 21 cents per share. The coffee retailer earned 10 cents per share when the costs from closing about 600 stores in the U.S. and 61 locations in Australia are excluded.
Yikes, that is not good news for the retail sector. Though I am not a coffee drinker myself, the peppermint hot chocolate they are selling right now is truly top notch, but unfortunately when you overbuild and charge too much things like this tend to happen.
Let The Battle Begin: Gingrich Vs. Steele- From HotAir :
Republicans close to each man say they are intent on ousting Mike Duncan when his tenure ends in January and to insert themselves to articulate a counter-agenda to President-elect Barack Obama´s administration.
A bevy of backers for each man, neither of whom is an RNC member, have been burning up the phone lines and firing off e-mails as they try to sway the 168 RNC members in the wake of the second consecutive drubbing of Republicans at the polls.
Let me just say, both of these guys would be terrific in that post. Micheal Steele puts a fresh perspective on the party and Newt Gingrich is just terrifically smart and tough as nails. In my opinion, if either man wins its a good step for this party and its really a no lose situation.
American Express Gets Piece Of Bailout Pie- Don't get me wrong here, I love American Express, I love it because I love Costco and that's the only credit card accepted there. But to now make this credit card company "an official bank holding company" that is therefore entitled to bailout money is just unreal. From The New York Times:
The Federal Reserve on Monday evening granted a request by American Express to become a bank holding company, giving it access to low-cost financing from the Fed.
The Fed said it had approved the application for American Express and a related company, American Express Travel Related Services, to become bank holding companies. The approval represented the latest reshaping of the financial services industry, which is undergoing its worst credit crisis in decades.
This is just insanity and of course the responsible tax paying adults of this Country get to foot the bill. Awesome.
Final Thoughts- Well that's it for me today guys, try to keep it civil in the comments section and thanks for hanging in during this political off season. Until tomorrow...