Kyosaki hits the nail on the head

I was linked to this article that Robert Kyosaki (of Rich Dad, Poor Dad fame) wrote for Yahoo.  It doesn't get much better, or slightly depressing, than this.

theMK

Palin in the economic ring

I think Sarah Palin's great, but....from a financial perspective I think she's whiffing (like a LOT of others) more than connecting:

I'm concerned about the moms and pops, the small businesses and the
families who have trusted that their investments would be secured, and
we've got to take some action now and shore this up. (Italics added)

Whiff. Investments always carry risk, what's the point otherwise.  And why should someone else shore up your risky investment.

And then Americans, too, have got to start taking some more personal
responsibility so we never find ourselves back in this situation again.

Hit.  Hey, some personal responsibility!

And I say this not to condemn the decisions that a lot of Americans have made, because I think...

Whiff.  And there goes the personal responsibility.  Wave bye, bye.

...a lot of Americans have been taken advantage of by those on Wall Street
who have tried to entice credits to be extended and tried to entice us
into a system that ultimately punishes us and makes us become more and
more at risk with our investments.

Whiff.  Can you say "lenders"?  Wall Street's different.  In fact Wall Street is selling to us, so we're making bad financial decisions and then we're clamoring for the opportunity to invest in those decisions. 

And Americans, as individuals, we have to start changing our habits also and not incur debt.

Whiff.  Not where I come from.

It'll be simple lessons that, shoot, our (grand)parents probably taught us years ago.

Hit.  So simple both our parents & us thought it was beneath us.

Don't take out that extra credit card. Don't buy a $300,000 house if
you can only afford a $100,000 house. Simple things like that, that
Americans as individuals have got to play a part in also, to start
helping to recover our economy.

Hit.  That personal responsibility works magic.

theMK

MSM meddling

I thought this was an interesting little tidbit, especially when most of our info comes from these folks.  I found this from Hugh Hewitt's blog.

theMK.