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Archive for the ‘bailout’ Category

Here are some consequences of McCain not being able to think things through beyond what to have for lunch:

1.  Under McCain Feingold, Ronald Reagan could never have become President because most of his early campaign was paid for by a couple of rich Republican businessmen, who today could only give $1,250 each.

2.  McCain’s law restricts elections to the two large, evil parties because only they have the staff needed to get around and evade the restrictions of the law. A brand new TEA Party candidate has no idea on earth how to recruit and organize hundreds of criminals to collect addresses of innocent people who are not able to contribute to political campaigns because they are poor. Acorn members and their neighbors are a perfect example. The Los Angeles Times found that Hillary Clinton’s 2007 Presidential Primary Campaign had the maximum $2,500 per married couple contribution from every person living in the poorest neighborhood of New York’s Chinatown. The LA Times reporters went to the addresses and often found that Hillary’s donors were not known to live at the address given on her reports to the FEC. Others included dishwashers who spoke no English and had no Green Card nor citizenship, and could not possibly have accumulated $2,500 to give to an American election.

Another example is Obama’s staff turned off the security feature for credit card contributions that verifies the cardholder’s names and addresses. That made it possible for one person using one credit card to donate $2,500 for an imaginary married couple, giving a different false name, address and employer for each donation. They also turned off the feature of the software program that resaved the credit card number!

So one person, using the same credit card, could contribute to Obama $2,500 for John and Mary Doe, 123 Main Street, employed at Acme electronics, and then contribute another $2,500 for John and Mary Fawn, 234 Main St, employed at Yellow electronics. Then the same person and credit card could contribute $2,500 for John and Mary Brown, 345 Main St, employed at Red Electronics, etc., etc., etc.

This was reported in major national newspapers and to the Federal Election Commission, which said since the credit card numbers had not been saved because of a “malfunction” in Obama’s software, they had no way to investigate the charges, so no harm, no foul.

Let me guarantee you that if a TEA Party candidate pulled something like that, the TEA Party candidate would be in jail. Well, if we cheated on our taxes like Obama’s best friends and appointees did, we would be in jail. If pigs had wings, it would not be safe to walk outside. Plop, plop. Borat’s droppings are falling from the sky on top of our heads.

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There is an old joke that if you asked Congress to design a mouse, you would get an elephant. But that pales in comparison to what would happen if you asked Obama to slim down the budget:

http://cuteoverload.com/2009/04/17/i-shall-call-him-mini-blorp/#comment-326966

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The Left’s response to Tax Day Tea Party events has been pure Saul Alinsky Rules for Radicals: Ridicule. But in the Chicago socialist’s day, the tool kit did not include embedding bogus newsie posers at opposition events.

Beware such chicanery today.

Here is a sample dishonest plan from the Obama Left On How They Plan To Disrespect our Tea Parties:

__________________

From DKos via MM:

Tomorrow, my husband and I will be venturing into the wilds disguised as a news crew to do some in person interviewers with teabaggers here in Rhode Island (if we can find any) … We’re going to ask open ended questions that seem to have a slight conservative bent to (hopefully) get them to open up and just start ranting. Then, we take any examples of racism, hatred, ignorance, and stupidity that we catch on camera and make a little movie out of it. Probably a YouTube special. Here’s the list we have so far

* What are you celebrating (The Boston Tea Party), and can you explain its historical relevance? [We’re hoping to get some hilarious flubs from this one]

* Do you approve of Michael Steele’s plan to expand the GOP through a “hip-hop urban-suburban marketing strategy”? [hoping to get some juicy racist stuff from this question]

* (as an intentional misunderstanding/follow up, presuming that someone complains about wasteful government spending) “So you disapprove of your tax dollars going to the Iraq War?” [should elicit some confusion]

Anyways, it’s a start… but I’d love to have some suggestions for questions that sound fine, but should prompt an outpouring of crazy.”

 ______________

This is typical Obama dishonesty. Instead of  dealing with the issues, Obamaites attack the people, insult us, make fun of us, disrespect our right to free speech.

Obama is killing democracy with these tactics.

This is George Orwell 1984 censorship for the Obama “Department of Truth”

More at:

http://taxdayteaparty.com/2009/04/beware-typical-newsie-posers/

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The University of Maryland has offered free showings of “Pirates” a high budget explicit XXX porno movie produced by a supposedly female owned and managed pornography company.

These supposed female owners think is is fine to teach college freshman and freshwomen (virgins?) that before President Clinton got a “Lewinsky” pirates forced their captives to perform fellatio or walk the gangplank. Or is “gangplanking” a pirate term?

This week the same University of Maryland declared that there will be no prayers during commencement ceremonies this year because prayers made some students feel excluded.

In fairness, we must report that many universities and colleges offered free showings of the XXX movies “Pirates” on campus as part of free advertising for the porno company. Isn’t that just sweet?

Higher and higher tuition so schools can give free advertising to porno companies?

The historical context is that Maryland is the Colony formed by Catholic Missionaries, and is named in honor of “Our Blessed Mother The VIRGIN Mary.”

Is it possible to file a legal action against a state university for corrupting the morals of youth.

Of course, for any of you who actually did get an education, “corrupting the youth” was the charge for which Socrates was convicted and forced to commit suicide by drinking hemlock.

Can a court force the Governor of Maryland to drink hemlock?

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wow!!
Obama will give up to $8,000 or less if you trade in a car 8 years old for better mileage new cars.

Of course, this is regressive because Acorn members don’t buy new cars, and the price of junks will go up because my kids will go buy $300 junks and trade them in for $8,000, but, hey, its for the economy.

And you cannot raise taxes unless you give money away on brainless schemes.

Any time the government intervenes in the economy to “make life better” or to stimulate an industry, the government always does more harm than good.

Still I will trade in my 19 year old perfect condition car for a brand new one because after the $8,000 Obama is offering today I can get a brand new car for $11,000 to $12,000

Gee? Is that too good to be true?

Do you think GM and F will raise prices on new cars and eliminate anll the cash back incentives so that a Taurus that I could have gotten yesterday for

MSRP            $22,500
Cash back         2,500
trade in          3,500
Negotiation/      2,000

March 22, 2009   14,500
After Cash for Clunkers
MSRP             $24,500
clunker            8,000

April 1, 2009     16,500

So I will pay $2,000 more for the car plus $6,000 more in taxes
My taxes will go up to pay the $6,000 to Ford

Way to go, food stamp baby President.

Change you can believe in.

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To see the graphical representation of this prediction, click on http://bigcharts.marketwatch.com/

 select:  advanced charts with  nasdaq as symbol

 10 years with frequency monthly

charts style candlestick

 Notice that in Oct Nov Dec of 2001 there was a 700 point, 51 percent  percent rally from the December 2001 low of 1387 up to  almost 2100.

That was a much larger rally than the current fools’ rally which is only 21 percent so far.

BUT the 2001 fools’ rally was followed by a 52 percent, 990 point drop down to 1108 on the Nasdaq index.

 The March 2009 low was 1265, and today the Nasdaq index is 1453.

 

My thesis is that this is a long term bear market. If I am correct than the current rally must drop down to the December 2001 low of 1450 and test that low before the Nasdaq market can  stay higher.

 

Most likely we will fail that test and drop to 1,000 or lower on the Nasdaq.

Personally, my family is 100 percent in insured bank deposits and short term treasuries. Munis are too risky right now.

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The Obama Stock market is soaring on new home sales’ 4.7 Percent increase in January, but if you are experienced in how to read economic reports in detail, in reality the sales report is terrible. Consider the following:

Government statisticians have low confidence in the monthly sales report, which is subject to sizable revisions as well as large sampling and other statistical errors.

The median sales price fell to $200,900, down a record 18.1% compared with February 2008. This is the lowest median price since December 2003.

 Inventories of unsold homes  in February represent a 12.2 month supply at the current sales pace, another record on the wrong side.

The government revised January’s sales pace for new homes to 322,000 units, the record low for the series that started in 1963.

GOT THAT? JANUARY SALES ARE THE LOWEST SINCE 1963!

The February level is the second lowest level on record.

Wall Street has to be insane to consider these numbers encouraging.

January and February are the two lowest sales levels in history, and the difference between the two months is sampling error.

But wait, it gets even worse: The figures may overstate the level of sales, because they count canceled sales contracts, which have jumped in the past year.

Anyone who buys stocks based on this report deserves to get the Obama Rate of Return, ZerObama.

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