Where Is The Restraint?


by Ashish B Gupta - Date: 2006-12-10 - Word Count: 250 Share This!

I usually do not like to write about stock market and political issues but this one is an exception. I do not want to come across as sounding too political, but this topic does directly affect the nation's finances and the fiscal health of America. This in turn affects the economy and the stock market as well. The issue in question is the rampant spending, and that too by a Republican administration.

In a recently released report, federal spending in fiscal year 2006 increased by a whopping 9% - the largest rise since 1990 - and has risen more than 40% since President Bush took office (a gift for democrats). The most recent rise far outpaces inflation - the Consumer Price Index is up only 1.3% in the past 12 months.

Whatever happened to the Republican and conservative ideals of limited government and fiscal responsibility? Our hard-earned tax dollar money is being frittered away by a spend thrift administration that is betraying its roots and principles.

It is no shock that voters took the step of "throwing the bums out" on election day two weeks ago. However, it is still left to be seen whether or not the Democrats can do any better. The good news for the stock market now is that there is some gridlock in Washington. It is clear that Republicans got drunk with power and completely abandoned the platform of fiscal restraint. And to think that Tom Delay said that after 11 years, the party had cut spending to the bone. Outrageous!!!


Related Tags: stocks, economy, democrats, politics, repulicans

With more than eight years of experience in investing, Ashish Gupta started his financial website http://www.istockanalyst.com

iStockAnalyst (http://www.istockanalyst.com) is the website dedicated to individual investors. The company is building a virtual investors community and supercharges the community with set of tools like chat rooms, message boards, actionable streaming commentary, streaming RSS aggregator, whisper number, comparative charting, blogs, integrated research, educational articles and more.

iStockAnalyst.com released earnings estimator tool in third quarter of this year. The tool is based on estimates entered by individual investors. The individual investors follow these companies very closely and they have good estimates about earnings. In last quarter a good number of companies reported earnings inline to estimates.

iStockAnalyst.com also offers live commentary (real time news analysis) in streaming format to help individuals investors take informed and timely decision.

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