Saturday, July 08, 2006

Cheney Bets Against Administration's Rosy Economic Picture!

According to this article from Kiplinger’s Magazine entitled “Cheneys Betting On Bad News,” it appears that Dick Cheney’s investment portfolio is primed to capitalize on an economic future far less favorable than the one that the Administration keeps touting.  While the Bush team consistently asserts that the U.S. economy remains strong and the outlook is favorable, Cheney’s investments suggest otherwise. From Kiplinger’s:
Vice President Dick Cheney's financial advisers are apparently betting on a rise in inflation and interest rates and on a decline in the value of the dollar against foreign currencies.
A full analysis of what this means is covered here. The conclusion?
Take another look at Cheney's investment strategy; it tells the whole ugly story. Interest rates are going up, the middle class is going down, and the poor dollar is headed for the dumpster. The country is not simply teetering on the brink of financial collapse; it is being thrust headfirst . . . .
And all while, Cheney insists that the U.S. economy is strong and that “deficits don’t matter!” Secretly profiting during a decline, while offering phony projections to keep others in the dark?

Is it just me or isn’t this basically the same thing that Kenneth Lay was convicted of doing at Enron?

3 comments:

  1. Giraffe8:33 PM

    Exactly what Ken Lay was doing at Enron? Isn't his private prospering a conflict of interest now that he is Vice-president. Oh I get it VICE president! That title makes it okay, I guess.

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  2. Seenos and Left-Over,

    Just a general comment to express my great appreciation for your site! Often (most of the time) I am too stunned by revelations you make to find words adequate for framing a response. But you're one of my first stops each day I'm able to make it to the computer.

    Thanks for the great work!

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  3. xristim - Thanks for your support. Glad to know you are stopping by on a regular basis!

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