October 2008 Archives

Will Obama Take Your Guns Away?


My going assumption was that Obama would wind up guiding most facets of federal government policy slightly -- not severely -- to the left, meaning more taxes, more spending, more restrictions on employment, guns, and incomes. But his campaign's ceaseless advertising about his vision of change has made me look up his plan.

So how seriously does Obama take your second amendment rights? Well, Obama's website discusses guns under Urban Policy, not Civil Rights.

Address Gun Violence in Cities: As president, Barack Obama would repeal the Tiahrt Amendment, which restricts the ability of local law enforcement to access important gun trace information, and give police officers across the nation the tools they need to solve gun crimes and fight the illegal arms trade. Obama and Biden also favor commonsense measures that respect the Second Amendment rights of gun owners, while keeping guns away from children and from criminals who shouldn't have them. They support closing the gun show loophole and making guns in this country childproof. They also support making the expired federal Assault Weapons Ban permanent, as such weapons belong on foreign battlefields and not on our streets.

In general, I prefer well-thought-out constraints to civil rights, not just what politicians believe to be "commonsense" restrictions. So Obama MAY take your guns away if you or they run afoul of to-be-determined "commonsense measures".

But does it sound to you like Obama and Biden are perfectly OK with keeping already-manufactured assault weapons on the street? It appears to me that Obama MAY take your guns away, if he pushes to ban not just the sale of assault weapons to civilians, but also their possession by civilians.

And I leave it to you whether he'll take your guns away if they cannot be made "childproof"... Who knows?

Ask Me in Forty Years!


Don't ask me about the stock market!

Just don't. I don't know anything more than you do about the recent volatility. I'm not clever enough to time markets, and I'm not foolish enough to trust my money to people who claim they can.

Anyway, I have a very small portfolio at this point, and I don't follow the day to day swings in particular stocks or stock indices. My mutual fund investments have been declining in value lately -- that is, if I, like everyone tells me to, value them at spot prices. But since I probably won't be retiring until 2048, spot prices just don't mean very much to me.

So ask me again in forty years!

Quote of the Day

``This is something that, for a typical company, would take no less than five years,'' said Lynn Turner, a former chief accountant at the Securities and Exchange Commission. ``Anyone who thinks they can do this in two weeks is insane.''

--"Paulson Recruits Asset Managers as Rescue Moves Ahead" By Rebecca Christie and Robert Schmidt


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This page is an archive of entries from October 2008 listed from newest to oldest.

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