Gov. Daniels Gets More National Ink

In a commencement speech at Butler University Saturday, Gov. Mitch Daniels offered his usual straightforward candor regarding issues du jour. The popular political blog of Chris Cillizza, The Fix, reports on the Governor’s take on baby boomers and the future – and speculates on his political future, as well:

Indiana Republican Gov. Mitch Daniels delivered a condemnation of the "Baby Boomer" and a call for generational change during a recent commencement address at Butler University, a speech drawing considerable national attention as the Republican Party continues its search for fresh faces and new leaders.

"As a group, we have been self-centered, self-absorbed, self-indulgent, and all too often just plain selfish," Daniels said in the speech. "Our current Baby Boomer president has written two eloquent, erudite books, both about . . . himself."

Daniels went on to offer a sweeping indictment of his own generation’s financial and moral selfishness, concluding: "It’s been a blast; good luck cleaning up after us."

He offered a brighter prospect for the graduating class, however, insisting that great generations (with apologies to the man from South Dakota) often follow mediocre ones and noting that: "True greatness can only be revealed by large challenges, by tough circumstances. And your opportunities for greatness will be large."

SRI Not as Good in ROI

Choosing stocks, bonds or mutual funds based on political, religious or social values is known as socially responsible investing (SRI). Research from the National Center for Policy Analysis says SRI delivers a lower return on investment.

The story, read here, worries about public pension funds being invested under such criteria. In other words, the bottom line may not matter most to those doing the investing, but it might to those whose dollars are being invested.

What do you think? Should SRI not be an option for pension funds? Should it only apply to individuals determining what to do with their own money? Let us know what you think.