June 8, 2010
I am skipping a post in my "What is a Safe Investment?" series to revisit a topic I touched on in early May in a post entitled "Of Boots and Oil." I was disappointed in the comment made by Secretary of the Interior Ken Salazar. In a comment left on our blog, one person wrote: "Your point on tone is well taken....It is appropriate that BP is held responsible." and I agree. A civil tone and responsibility for one's actions are recommended to children by every good parent. But no parent recommends threats. Secretary Salazar repeated his "boot on the neck" comment three weeks after his first mention of that totalitarian phrase.
Secretary Salazar's boss, President Obama, is rightly lauded for his "no-drama" cool demeanor, but that demeanor took a hit yesterday when the President asked to "know whose ass to kick" over the BP oil spill. President Obama's tone and the example he is setting for his administration trouble me. Fault must be found, blame assigned and penalties exacted. But threats and obscenity from the executive branch are an eyebrow-raising turn in our national discourse.
GTC
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).