Friday, August 25, 2006

Cheney Thinks Economy Sucks

What's that expression? Money talks, bulls**t walks...

According to Kiplinger's, the Cheneys, who may be worth close to $100 million, have invested the vast majority of their wealth overseas, in markets that do not fluctuate based on the U.S. dollar:

Vice President Cheney's financial advisers are apparently betting on a rise in inflation and interest rates and on a decline in the value of the dollar against foreign currencies. That's the conclusion we draw after scouring the financial disclosure form released by Cheney this week.
The Cheneys' money is not in a blind trust but, according to his advisers: "the vice president pays no attention to his investments."

Makes sense. We know that he and his boss are paying little attention to the well-being of the U.S. economy at large. Whether or not he’s personally paying any attention to his investment (and it is a little unrealistic that he isn’t paying some attention), it is incredible to think that he didn't even bother to direct his money managers to keep his money domestic.

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