Well, it's been an interesting day and rather than subjecting you (and me) to multiple posts on multiple topics, I'm rolling several thoughts into a condensed post here.
For anyone that hasn't been frequenting a cave today, it was the final day to file your taxes for 2008 and what a day to protest our government's insatiable appetite for bailouts, pandering, future tax increases and the shameful debt that we are inevitably leaving upon our children with tea parties throughout the country (read:Generation Debt: Our Children will Hate Us). Well, even though we've continued to throw good money after bad, it's looking as though bankruptcy is in the near future for GM. Not to say I told you so: GM - Not One to Say "I Told You So" and Congress Should Allow GM to Fail: Here's Why. It was obvious to me as far back as 2008 that this was inevitable and I laid out the appropriate method to do so in a controlled manner that would minimize the impact to the company and the economy, but what do I know. Oh, wait a minute; I don't stand to benefit from thousands of union votes, so I guess I don't have the same incentives to burden our childrens' generation with debt they don't deserve in order to prolong the life of a zombie company with no chance of survival without TRUE reorganization and concessions. What a joke, this line that the politicians sold us that we just have to keep shoveling money down a rat hole for these jokers.
Typical Media Bias on Tea Parties
It's always interesting to see how networks so shamefully advance their own agendas with news coverage of the same event. The ultra-left wing MSNBC has the typical coy arrogant mocking of any Americans protesting the spending spree by calling them, "teabaggers" (like Maddow even knows what that means prior to her producers' recommendation to joke about it) and acting like they're above it all. They forgot that plenty of Dems are pissed off too. You know, the ones that work hard and will have to pay higher taxes and see their children struggle in a wrecked country as well. Rachel Maddow's up there insinuating that they're a bunch of right wing nuts. I don't know, I don't see Rachel mocking civil rights protesters or the gay marriage advocates during the California ballot initiative. You have her and Olberman giving impassioned pleas with a teary eye to support their causes; shaming anyone who disagreed with those protestors.
But, Americans protesting the complete transformation of our country from a capitalistic, meritocracy to a socialistic mediocracy must be a bunch of nuts.
Then of course, there's Fox. They bring out all kinds of gun owners and religious folks to rally their base and get people fired up about the direction the country's going in (what their guests had to do with taxes and debt is beyond me, but Glenn Beck found a way to weave a storyline in there somehow). It's all fun and games. I just use my blog here to express my continual displeasure over the destruction of the motivated, successful, risk-taking, rewarded working class.
TwitPub
What is TwitPub? In a nutshell, Twitpub a premium twitter service. That's jargon for "paid". It's an innovative idea that was bound to occur sooner or later. Since twitter's not making much money itself, why not jump on the wagon and try to monetize it. As such, Twitpub collects 20% of any revenues it facilitates in sales of premium tweets. Who would pay for tweets? Well, perhaps paying for the musings of what someone ate for lunch today or what they're wearing doesn't warrant any sales, I would envision investors would be an optimal interested group. Just the other day, I had posted on how my twitter followers could have made 285% in a day with my options call. Also in March, I had tweeted on a mass move in CEDC which has now been running to the tune of over 500% on my options play (article and tweet note in the link). I also put out a tweet on the CUBA deal following Obama's move toward better relations with Cuba. Granted, I didn't get back out in time there, but at least I highlighted a huge 40% trend that continued through After Hours trading that folks could have caught. For $.99 a month, why not get the premium tweets that your top investor bloggers put out? I signed up my premium tweets under the "Business and Investing" section as DarwinsTrades. I put my first trading update out there tonight. Why not check it out. Essentially, for $12 a year (the cost of a single trade), you can follow real time trades and you make the call on which ones you want to follow. Click on the rather large link on either this blog or Darwin's Finance and it will walk you through the steps.
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