"Invest only in companies an idiot can run, because sooner or later an idiot will."
With an ever changing and, yet to be reconciled, thousand page bill wandering through Congress, it seems more like we're getting a bill that has Congress running the health care system ... which made me think of Buffett's above advice about companies.
I have a hopeful thought, though. With the 6 Health Care Lobbyist per Congressman ratio in DC we can rest assured our Representatives are getting the kind of wise balanced counsel that is in our best interests. I mean, that's a lot of help.
OK, none of my friends on either side are buying that. I know I'm not, but it is nice to find a point of agreement that crosses party and ideological lines. It is a nice non-four-letter-word moment.
Well that brings me to my hopeful thought. We're all getting sick watching the sausage get made, and maybe that is the intent. Perhaps, the next item on the Obama agenda, to mix a metaphor, is to clean the stables. Even DC wouldn't make sausage in a stables would they?
It could be time for Obama to step to go after another of his campaign issues - public financing of elections - and reducing the influence of big money lobbyist. If so it would be a signature issue for the mid-term election ... and the toughest issue for his opponents ... from both sides of the aisle.
However the timing would be right. After the influence we've seen on Washington from the banking and now the insurance industries, it would be incredibly tough for a candidate to stand up for this system of legalized bribery. It might be a moment of opportunity. Does he have the will to seize it?
