Monday, June 09, 2008

The Rubber Stamp missed his calling!

You have to check this out, from the Sunlight Project's Fortune 535:

Amazing. The man shouldn't be in government; he should be at a brokerage firm managing a mutual fund. Seriously.

Why would I say this? Because even prudent investors who'd invested ten grand into Fidelity's Magellan fund in 1995 would only have had a return of 163% in ten years, and actually lost ground between 2005 and the present.

All of which makes me wonder exactly what "Rubber Stamp" does in Washington anyhow. We know he's not actually getting any bills that he's written and submitted passed. Is he spending his time carefully managing his shares of Pfizer (NYSE:PFE) and Dow Chemical (NYSE:DOW)? I'm having a tough time believing he's obtained these kinds of results with stocks like these.

Maybe he's been making other use of his time...who knows? Sure makes it a lot easier to make political donations to one's self or to others if you don't have to worry about income, though.

Cross-posted at Voice of Mordor.


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