Arizona Debate School

Things have happened in the business and political world since my post a week ago. The largest bank failure to date occurred, our government denied the Bailout Bill that “cost” wall street $1.3 trillion paper money the next day, and the Vice Presidential Debate was scheduled for Thursday at 6p.m. PST.

I had a long explanation written regarding the Bailout Bill but I decided to scrap it and look at the larger picture. The Pros are saying, “don’t change your game plan, invest for the long run.” Meaning, don’t sell stock, don’t re-organize your portfolio, don’t flee to T-bills, and don’t cash out and buy gold. The very same people who are telling you this are the people who are pleading for the Bailout Bill and if it doesn’t happen, well, there might as well be a meteor hurtling towards the earth with no one to stop it but Steve Buscemi. I’d like to make 3 points based on that comment: 1.) stay invested, stay strong, now is the time to amass assets at cheap prices 2.) If the pros are telling us invest for the long term, and we all know the economy will recover as it always does, then why do we need the Bailout Bill? and 3.) I have two possible actors for the Steve Buscemi character, Ben Bernanke, Hank Paulson, now be free and go watch the movie.

So what do you do? STAY INVESTED, INVEST MORE THAN USUAL NOW, and don’t look at your statement’s bottom line. My safe STOCK investing idea for the moment? GE, MO, VZ

On the political front, Thursday is the Vice Presidential Debate at 6p.m. PST. I would like to know from someone who is voting the republican ticket in November to post 2 reasons why they are voting the way they are voting. I would like someone to explain to me their reasoning. Without telling you who I’m voting for I’ll try to sum up the debate with a couple bipartisan key points. Look I used everyone’s favorite word of the month, “bipartisan.” I’m going to use that word from now on to refer to anything that has to do with working together or cooperation, fun.

Biden must not shred Palin to pieces for fear of looking like a petulant egomaniac. Biden needs to focus on the topics and not act reactionary to Palin’s comments. This technique would allow him to introduce his ideals and political stances to the public while not coming off negative.

Palin is the public’s underdog. If she can control the pace of the debate it will work to her favor. She is probably more likely to show weakness, therefore, controlling the pace will allow her to stay within her comfort level. I’m not sure how much someone can learn at the McCain Arizona Debate Camp, but Palin needs to memorize hard facts; economical, political, and international relations. She needs to leave small town politics out of the debate and talk about the larger issues and how she is qualified to perform the duties of Vice President of the United States of America.

My current Election Prediction ticker: Obama/Biden ticket by at least 16%

Two final questions: Why is Dancing With the Stars the only show on television now? And, why is Monday Night Football not on NETWORK TELEVISION?

-Erik