OK, I'll say it: Fukushima is much, much worse than Three Mile Island

Seems the governments of the world and the media are terrified of admitting that the Fukushima reactor meltdown is on par with Chernobyl. 

I'm here to tell you that not only is Fukushima worse than Three Mile Island, it has the very real potential to be worse than Chernobyl.  Fukushima is still an active disaster two weeks (at this point) after the initial failure.

This is so far beyond Three Mile Island, I can't believe people are still trying to compare the two.  We now have citizens leaving Japan who have seriously high radiation contamination.  That never happened in TMI.

In terms of a human disaster, Fukushima can very quickly become worse than Chernobyl.  By comparison, Chernobyl was out in the middle of nowhere.  Tokyo is only 150 miles from Fukushima.  What happens when a city of 13 million has to be evacuated...permanently?    Where do they move?  Where are they housed?  How are they fed?

Obama's Healthcare Plan

Listening to the sketchy details of the Obama health care plan, I'm feeling like I might have set the bar too low for my September stock market prediction of 6,500. If this plan goes through, and it looks like it will, It will almost certainly cause a large spike in unemployment.

I figure the Wall Street firms are not really that concerned right now, as they assume their health plans are already above the minimums that will be set by the government. However, their short-sightedness won't spare them from the pain. I predict the smaller business will soon realize they can't make it with the added healthcare costs and will begin either closing up shop or dumping employees. Those employees will then be a further drain on taxpayers and business as they collect unemployment and other government benefits, including the new government (Read:Taxpayer) funded healthcare. Who doesn't see the huge funding gap that will be the result of this large unemployment shift? Probably the White House analysts figuring out how much it's going to cost.

So, back to Wall Street. Who's buying their products? Soon no one will be able to afford it unless it's an essential item. For the economy, this will be disastrous.

The DJIA at 6,500 might end up looking like the good old days by 2010.

Fidel Castro Is Laughing At Us From His Death Bed....

All the years we've had that embargo against him for nationalizing all the 'capitalist' assets in Cuba.

And here we are doing it to ourselves. Soon, the Federal Government will own all the banks, the Washington Metro System, the auto industry, the airline industry, the hospitals....Ad nauseam Maybe Henry Paulson should bring in some of Castro's economics advisors. I bet they could give him some pointers.