Illinois Gov. Rod Blagojevich's appointment of a new senator to fill Barack Obama's seat reminded me of why I like Blagojevich so much.
In fact, I would like to see him give a press conference every day at about noon. Not only would it be comic relief and provide some entertainment value on those days when the market is cratering, but, more important, it would remind us each day that most politicians are sorely lacking in the ethics and integrity departments.
I would be the first to admit that I'm about as cynical as they come when evaluating the merits of politicians on the national stage, but somehow I don't think Blagojevich is the first or last public servant to attempt to enrich themselves on the backs of their public office.
I'm just jaded enough to suspect that most of the politicians holding high office are much more concerned with their own personal fame and fortune than they are with how best to represent their constituents.
How many people voted for those bailouts, anyway?
Let's go back to the idea of electing public servants on the basis that they will provide service to the country on a temporary basis rather than make it their life's work.
There is enough productive work in the American society so that everyone can contribute by getting a real job or starting a real business.
And let's also remove the temptation to rip off the taxpayer by dramatically reducing the responsibilities given to the political elite. Last time I checked, they haven't exactly done a great job.
I know it's a fantasy, but I stubbornly cling to the idea that term limits would be a good thing. Blagojevich might actually vote for them now -- if they will just let him finish his current gig.
Happy New Year, and I hope you find $90,000 in your freezer in 2009.
Richard Moore, CFA, has 40 years of experience in various facets of the investment business. He has been employed by banks, mutual funds and investment advisory organizations during his career and has also owned retail and service businesses. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Moore appreciates your feedback;
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