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  • January 30, 2009 05:54 PM EST by Cody Willard

    The Big 3: Protecting You From Being Protected, Size Matters, and SpokeUp.com Message of the Day

    1. Protecting You From Being Protected

    2. Size Matters

    3. SpokeUp.com Message of the Day

    1. A spokesperson for JPMorgan Chase says that the reason the company pulled its own money from Madoff last year was because they got suspicious about the Ponzi scheme the dude was putting on. But she says, “we did not have the right to disclose those our concerns” to their own clients who had money with Madoff. We should be fighting for harsh punishment for lying and stealing and not for illusory pre-emptive regulation. No?

    2. It’s the magnitude of both the dollars and the magnitude of the disruption of the rule of law that this new political paradigm we’ve entered that really has the markets worried. Trillions of dollars of capital that used to work its way through the system chasing profits will now be chasing politics. In case you were wondering, profits — not politics — make stocks go up.

    3. A new activist on SpokeUp.com sent me this note, “I once heard you talk about Darfur on Happy Hour during the end of last year, you challenged people to Google it. That was a catalyst for us to try and do something. Currently we are in the process of purchasing food from Kenya and are trying to figure out how to send it.” Wow! Guys, we’re being heard!

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Mike

All I could hear when GWB was Pres was "Look what is being spent, how can this go on". Now that BO wants to spend 3 times as much in one year, Dems are estatic. They must be pretty dumb also, to think spending $$$ on Government will stimulate us to spend $$$ on goods & services.

February 3, 2009 at 4:01 pm

Gary Cluer

continued from previous comment: combined could mean an extra 4 or 5 hundred dollars for most families and they would spend it, whether it be on paying down credit which still goes to help the banks or buying goods and services. If americans don't start buying goods and services it doesn't matter how much money you pour into GM, Citibank, or any other company, they are not going to make revenues. Get the money into the hands of the consumer and they will buy more goods and services, when we start buying more the companies will sell more and need to produce more, as they need to produce more they will need to hire more employees to keep up with production, thus less people unemployed, and so goes the economy on the path of recovery. Gary Cluer Albuquerque, NM

January 31, 2009 at 5:55 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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