Report: Bin Laden was within grasp, Rumsfeld and military under GWB let him get away…

How about we end the Big Dawg/GWB let OBL get away BS blamefest and focus on now? Can we do that? Can we get a Reaganesque coalition together and take the House in 10 and the WH in 12?

Cuz if everyone keeps blasting Big Dawg for an attack on the Cole that happened as he was ending his POTUS-ship,( in the Chris Wallace interview he is as clear as can be he wanted OBL hit, but the CIA, headed by someone BTW who WJC  kept on who was appointed by GHWB, would NOT sign off), if we keep this merry go round blamefest going we are not going to move forward together. Did WJC make mistakes?? Hell yeah, we didnt understand we were at war. Did GWB make mistakes? Hell yeah, he should have gone after OBL FIRST before turning to Iraq. But we are here NOW.

As far as this report in the WSJ today, it appears that yes OBL was pinned down and Rumsfeld and GWB made the decision NOT to go in there after him.

Now we can keep bashing the Clintons (looking at the present occupants of the WH should inform your opinions of the Clintons, who did NOT challenge the Consitution, or free market capitalism, he ENDED Big Govt during his terms!!!) or GW (after all if WJC was responsible for the recession that GWB felt (it was the FED!!) then you must say GWB is responsible for THIS recession? same thing on attacks same thing on OBL, be consistent!)or we can focus on NOW.

I choose NOW. Right NOW we have troops in harms way, right NOW our economy is in a ditch, right NOW the loony left is driving us off a cliff and the radical right is about to go AWOL on us with Lou Dobbs or Glenn Beck, splitting the coalition vote….let’s be in the NOW and work together to get MODERATION back in D.C.!

WSJ:

Osama bin Laden was unquestionably within reach of U.S. troops in the mountains of Tora Bora when American military leaders made the crucial and costly decision not to pursue the terrorist leader with massive force, a Senate report says.The report asserts that the failure to kill or capture Mr. bin Laden at his most vulnerable in December 2001 has had lasting consequences beyond the fate of one man. Mr. bin Laden’s escape laid the foundation for today’s reinvigorated Afghan insurgency and inflamed the internal strife now endangering Pakistan, it says.

…”Removing the al-Qaida leader from the battlefield eight years ago would not have eliminated the worldwide extremist threat,” the report says. “But the decisions that opened the door for his escape to Pakistan allowed bin Laden to emerge as a potent symbolic figure who continues to attract a steady flow of money and inspire fanatics worldwide. The failure to finish the job represents a lost opportunity that forever altered the course of the conflict in Afghanistan and the future of international terrorism.”

The report states categorically that Mr. bin Laden was hiding in Tora Bora when the U.S. had the means to mount a rapid assault with several thousand troops at least. It says that a review of existing literature, unclassified government records and interviews with central participants “removes any lingering doubts and makes it clear that Osama bin Laden was within our grasp at Tora Bora.”

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November 29, 2009. Tags: , , , , , , , , , , , . Armed Forces, Economy, Obama Administration, Politics, Taxes, Terrorism, Unemployment Statistics, Wall St. Comments off.

The Hardest Rule and the cost-basis blues…

Big Dawg, Hillary and Obama

Big Dawg, Hillary and Obama

Years ago, my father, a Wall Street executive and Marine, God Bless him, imparted to me the theory of ‘the hardest rule’ in trading/investing. He told me that each day, you ought to look at your portfolio/holdings and examine each individual stock with this question uppermost in mind:

What is the position of this company TODAY? (and) What is the future outlook for this company according to the data available AS OF TODAY?

The corollary to these questions is of course that what happened to this position in the past IS NO LONGER RELEVANT except for as much as it impacts future outlook i.e. when an acquisition might be accretive to earnings down the road.

In other words, you should NOT be looking at your cost basis (the price you paid to purchase the stock). It is of no use whatsoever to start your day examining your holdings if you are going to come to the table with your cost basis uppermost in your mind. You will continue to hold long after you should have sold.

Some people like to talk about tax implications here, and to me it is a useless argument. If you are looking at a stock and trying to ascertain if you should hold/sell/buy, you should be considering the current and future value of the company NOT your individual tax status, NOT what price you paid, NOT what dollar amount you need to buy that flat screen or take that vacation.

It is all about the present and the future, thus the rule…

Hillary as SoS

As word spread of Hillary Clinton’s possible appointment as SoS for the Obama Administration, a terrible case of what Judy Scheinlin and Suzie Orman would recognize as the ‘coulda,shoulda,wouddas’ and what I call the ‘cost-basis blues’ broke out across the blogs.

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November 18, 2008. Tags: , , , , , , , , . Cabinet, Economy, Finance, Foreclosures, Hillary Clinton, Housing, Obama Administration, Politics, TARP. 7 comments.

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