January 26, 2010 Tuesday

Lisa played part of President Obama’s interview with Diane Sawyer, of ABC News today. She told us that Obama said that he would rather be remembered as a really good one term President, than a mediocre two term President. Lisa thinks he should be careful what he says out loud, it could come true.

Lisa said we are 1.35 trillion dollars in debt, and feels Washington is so irresponsible about our future, about the amount our children will be paying in taxes. The Senate rejected the Obama proposal for a deficit task force, to change/increase tax code. What do you do with a balance sheet? Either you up revenue (which Republicans won’t permit ) or cut expenses (which Democrats won’t allow). Lisa is in between and said there is so much government waste and they never want to cut that. She believes they will raise some taxes and cut others. The rich will get richer, and as Gloria says, the poor will have children.

We expect deficits that within the next 10 yrs will reach 67% of our revenues. That means the average person will be spending 67 cents of every dollar earned to pay down our debt to China. China, by the way has 27 million students in advanced education of science and math. They have over 2 million people in medical school alone. And they don’t graduate with debt like the students in this country. They have organized commercial science that they put to application in society for their citizens.

Katharine Weber, who wrote the book True Confections, was Lisa’s guest today.

Katharine has won many awards for her writing, she also wrote Triangle about the Triangle shirt factory fire. This new book, True Confections is the fictional story of Zip’s Candy, based on authentic candy company history. Most of the candy companies in this country were bought out by other candy companies and many were disbanded. Kraft is now buying Cadbury. Katharine will be at the Westport Library, Monday, February 1 for a book signing. For Katharine’s fictional company Zip’s Candy, she made up a jingle and you can go to the website to enter a contest. People believe the fictional characters are real. Katharine is trying to get people’s attention with this book. She is interested in family business. The first generation starts the business, the second generation builds it up, then between the third and fourth generation is when the business can go down hill.

Lisa said the first Tea party convention is going to be held in Nashville. Lisa wants to know what they stand for. She thought it was libertarian and rejected the government spending. She now thinks it is turning out to be a conservative party like the Republicans instead of a third party. Lisa wanted to know about one government program that has really worked well. Lisa believes we need to be careful of government control.

Haiti still expects more earth tremors.