I’m sorry to continue to focus on politics this week, but what else is there, really, right now?
I have some mutual funds at Citizens Funds and today received their Annual Report for 2004. Typically, these reports are fluffy nonsense about the power of investments over time, calls to “heed the course,” and half-apologies for funds performing poorly or not well enough.
This report is different and I’d like to quote President Sophia Collier’s “Letter from the President” in part:
Dear Shareholders,
My blood is boiling. As I watch oil flash to $49 per barrel and the stalling of hte most anemic economic recovery in my memory, I feel the urgent need for a change in national leadership. In the last three years our nation has lost 1.2 million jobs, the worst economic performance since Herbert Hoover presided over the start of the Great Depression.
It is time for persons of good will to rise up in a collective act of self-help and demand change in policies that are clearly not working…

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