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Bulls & Bears
This past week's Bulls & Bears: Gary B. Smith, Exemplar Capital managing partner; Pat Dorsey, Morningstar.com director of stock research; Scott Bleier, HybridInvestors.com president; Tobin Smith, ChangeWave Research editor; Ann Coulter, author, "If Democrats Had Any Brains, They'd Be Republicans"; Cheryl Casone, FOX Business Network.
Congress is on vacation again… And doing it without making one new major law since their last vacation. Meantime, stocks are soaring and jobs are booming! Is doing nothing in D.C. the best thing for America and the Markets?
Ann Coulter: Yes, it's good for everybody!
Gary B. Smith: Congress should take a twenty-year sabbatical. Especially this Congress; they want to socialize every aspect of our life and raise taxes. Both hurt the economy and both are horrible for capitalism.
Tobin Smith: The one thing we have now that we didn't have before is a President that has finally discovered his veto pen. So now if Congress takes more time off and then comes back, we now have a President who isn't afraid to use his veto pen, and that's fabulous.
Pat Dorsey: A "do-nothing Congress" is better than a "spend everything Congress", which is what we've had the past few years. It would have been better if President Bush discovered that veto pen a little bit sooner.
Scott Bleier: Everything that comes out of Washington right now is pre-election bluster and pandering. Nothing will get done. Everything is a dead end. So they are throwing everything they can against the wall. Things that will never happen are being proposed now like socialized health care. Do-nothing is good for Wall Street and good for America.
America's Workplace: Becoming Too Uptight?
Tobin Smith: Yes. You have to have a sense of humor about things. If your start becoming too politically correct then you start getting cut out of all the fun stuff.
Ann Coulter: What always strikes me on these cases is incredibly vulgar behavior or bad behavior would not be legally actionable. But what was legally actionable probably shouldn't be a lot of the times. I always think of Chesterton's remarks, " once you get rid of the big rules, you have a few big laws that people follow". Once you get rid of those, you end up creating an encyclopedia of little rules that no one can keep it straight.
Cheryl Casone: You have to have rules in place. The workplace hasn't gone overboard at all. There have been so many cases where it's been proven that there was harassment. You have to have a good working environment. People have to feel safe, whether it's men being harassed or women being harassed.
Gary B. Smith: What has exacerbated this whole "uptightness" is not so much the people in the workplace, it's the attorneys. Back in the day, you simply took the problem to management and they took care of it.
Scott Bleier: The workplace is a tough place for everybody; it's not supposed to be easy. To thrive in a workplace environment you have to be tough. But there cannot be a double standard when it comes to men and women.
Stock X-Change: Politically Incorrect $tocks
The names our guys say are right for your bottom line.
If you want to watch what each had to say about his stocks, click here.