Posted by
Jay Adler Comment on Wednesday, June 16, 2010 2:27:35 AM
We did not require a speech to realize how defeating and depression laden the Gulf Oil Spill and the myriad repercussions that have not surfaced yet or may have been concealed from the American people or are simply unknown. I have heard plenty of blame game talk or legal threats of encumberance or escrow and especially obligations which will require the mega company BP and our government to go to court and settle it. We were advised today the the stock drop in BP is starting to affect state pension funds and we do not even know if any third party can stop or criticize a dividend between board meetings and why would we want to cripple the income of the older folks who invest for that very reason, a dividend with a better yield than the bank. We are in the middle of a recession that could slither into a double dip. The Gulf Oil Spill with innocent animals dying by the hundreds and livehoods ruined along with tourists probably rethinking may be more complicated as to other items that may come down the pike. Predicting or timing interest rates or the DOW is impossible unless you can talk to the horses. Gas Prices now could go any which way but loose. Unemployment and a livable wage has not improved much. So what happens if we now, in our state in America start getting double and triple whammyed? Like I said the Gulf Oil Spill is really a sad state of affairs. My heart goes out to the fine people down there and my sorrow to the poor, unknowing fauna.
Jay R