It’s hard some times for policy makers to admit when a program has failed, but now is that time. Reading Derek’s post on legalizing marijuana as a way to solve the budget crisis convinced me to look up the ‘War on Drugs’. One look at the statistics for drug use in America and this failure should become immediately obvious. The War On Drugs has been a failure because it has failed to reduce drug use in America, has created a large vibrant criminal industry, costs the tax payers far more than ever imagined, and most of the ‘criminals’ we’ve caught are guilty of nothing more than Marijuana use.
I’m confused about the current litigation against Richard Fuld and the belief by some that he sold his house to his wife for 100$ to make sure it couldn’t be touched in a lawsuit. It doesn’t make sense for people to believe this man’s personal assets should be seized simply because the company he was running (Lehman Brothers) went under. His poor management costs those shareholders billions of dollars, was probably partly responsible for the current problems we see in the financial sector, and may have been fraud, (Though so many other institutions were engaging in the same behavior this seems unlikely). But, none of these things should impact Fuld’s personal assets.
We here at GeekPolitics didn’t vote for Obama, that should come as no surprise. But we’re realists and it’s time to get down to brass tacks. We have a new president and the Motley Fool is here to help us get our financial house in the best shape it can be to deal with the change that is coming.
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