It's a great day to be gay! Hooray!

Well, California has gone and kicked up a big cloud of political crap again. U.S. District Court Judge Vaughn Walker recently overturned Cali’s ban on gay marriage declaring it unconstitutional. Of course, those in support of the ban have already rallied their lawyers and put sharpies to large pieces of posterboard, vowing to go to the appeals court and, well, appeal.

I gotta say, I liked it better when California was just on fire. Now they’ll really be flaming. BOO-YAH. Not that this has anything to do with the economy (except the fact that members of the GLBT community tend to have a higher net worth and higher income than their straight counterparts), I just thought it’d be fun to address. Get all of your angry feedback from both sides of the fence.

Another fun political war being waged is over extension of the Bush tax cuts that are geared towards the higher wage-earners in the country and are set to expire at the end of this year. It’s taken from a page of the trickle-down economics theory that if we reward the top tier of income earners (which tends to encompass the business owners out there) then everyone will benefit and jobs will be created. Results of this theory are somewhat mixed. My guess: more political gridlock and the expiration will just kinda happen all by itself.

So I guess you people are just gonna have to encrust the rims on your Rolls Royce with Cubic Zirco¬nias instead of diamonds. Tough, I know. Not quite as blingin’.

BP has finally excommunicated their old CEO Tony Hayward (why couldn’t we just guillotine him like the good old days?) and has opted to replace him with (drumroll please)… an AMERICAN. Hell yeah. Proving once again that if you can’t beat them, infiltrate their executive seats and rule them with an iron fist. It’s our way of getting back at them for the imperialistic rule of our 13 original colonies.

Well, this and the Revolutionary War. But mainly this.

The major stock indexes enjoyed July 2010 as their best month in over a year. Aaaaaaand none of the hedge funds made as much money as the general market, meaning those of you that paid fees to someone to watch your cash for you would have been better investing it equally across the market all by yourself. I mean, the dartboard approach would have at least been on par. Seriously, these guys are well-compensated idiots. Blows my mind.