As I powered up my computer yesterday to look at the morning news, I came across another prime example of our lawmakers hard at work spending our tax payer dollars addressing some of the most important issues of the day. No, I'm not referring to the ridiculous waste of our money and their time digging into the ongoing mess at JP Morgan in another hearing in front of the House of Representatives. A far more pressing issue apparently required Senator Reid and Senator McCain's time and energy.
That would be the "integrity" of the boxing industry here in the United States of are you kidding me? These folks can't get a budget passed, they convene a "super committee" to address the budget deficit which comes back with nothing, but these elected officials think they should concern themselves with the boxing industry now. Apparently the Roger Clemens issues resolution left a void that needed to be filled.
It is truly a sad state of affairs when Congress cannot do the job we elect them to do, are asleep at the switch during the financial crises and yet still are so tone deaf that they have the audacity to now take a jab at the boxing industry. All the while the real issues that need to be tended to are simply ignored.
Doug Hendee, CFP(R)
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).