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Archive for the ‘financial crisis’ Category

Obama’s policies punish savings more than any President in history. Under “Change you can believe in” short term investments earn only 0.25 percent. That is less than the postage to send a check to the bank, and postage is going up while interest rates go down, and less than the gas money to drive to the bank.

CD rates for a year and longer only earn around 2 percent. Our savings cannot keep pace with inflation. China, France and Russia all want to dump the dollar because of the inflation Obama will cause, yet our savings earn nothing compared to inflation.

Under Obama, every dollar saved will become 90 cents, then 80 cents, then toilet paper.

So why save?

Exactly how is Obama moving us to save?

We lost more than half our savings in the stock market. Yes, there is a rally this month, but who can trust it to continue when businesses are closing down in every town at the same time that more jobs are moving to Communist China.

Perhaps Communism works better than Barackism Socialism? Communist China is not going bankrupt, but America is.

And to cap it off, Obama wants to raise taxes on any profits we might ever make in the stock market?

And Obama wants to raise taxes on interest and dividend income.

Exactly how is Obama moving us from borrow and spend to save and invest?

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Every Presidential press conference in my lifetime has been characterized with the reporters hollering for the President’s attention, but not with Obama! The reporters waited in uncharacteristic stoic silence, without even a hand gesture, as Phony Obama read each reporter’s name off the new giant teleprompter.

Then each reporter read the question that had been prearranged and rehearsed in advance, and Obama read the answer that David Axelrod and Gibbs had written for him.

Now that Obama’s slavish bond to the teleprompter has generated a website mocking him and his teleprompter, Axelrod banished the normal reflective glass teleprompters from the front of the podium to avoid the mockery.

But Brainless Barry cannot speak without a script, so they set up a giant TV screen behind the reporters, displaying the script exactly as it would appear on the old fashioned teleprompter.  Obama slavishly read every word that he spoke from the giant TV screen. They even faked the girl pretending to be surprised when he called her name.

To continue the theater, they even had Barry fake impatience with the question about why he waited days before commenting on AIG. What a fake joke! AIG is nothing but a sideshow to distract us from the real disaster, the trillions and trillions of dollars of deficits that even France, Russia and China cannot stomach. Even these Socialist nations comprehend that Obama is destroying the value of our currency, and these nations want some new currency that will be worth more than a “25 cents on the dollar Obama Dollar.”

The Ten Dollar loaf of bread and Ten Obama Dollar gallon of gas will happen during Barry’s first term.

Is it legal to refer to our black President as “slavish?” But he is enslaved to the teleprompter, no matter what its form.

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After all the clownshows in Congress, we have now learned that approval for the AIG bonuses were in fact added to the Obama Stimulus Package by Obama Staff Geithner.

To this distracting provocation, add Obama’s punch drunk performance on 60 Minutes, Obama’s insult to Special Olympics and laughter about the economic disaster on Jay Leno, and the Democratic Party financed and organized phony street demonstrations outside AIG headquarters.

The total money for AIG bonuses is too small to calculate. AIG is a meaningless circus. The bonuses are totally unimportant. But like a magic show, this irrelevant controversy is being used to distract us from the real action, the real mischief being done behind our backs while we look in the wrong direction.

The sum total is a giant clownshow of distractions, a SMOKESCREENto distract us from Rahm Emanuel and David Axelrod strong arming Congress to pass (A) the most Titanic socialist budget in all history and (B) the provision to let Obama’s Treasury Dept. take over companies that are not covered by FDIC Insurance.

Together, these tactics make Adolp Hitler’s Brown Shirts and George Orwell look like amateurs.

The Progressive Liberal Extreme Left and Obama are masterminding the biggest takeover of government powers and procedures ever imagined.

After Obamaniac’s $10 trillion of deficits destroys both our currency and our economy, the only “Crisis too good to not be usedabused” of worthless dollar in international trade, Obama and Soros will unite for One World Order, a single government and a single currency.

Then the UN will get its power to tax the entire world one percent (TO START ? ? ?)

Change You Can Believe In.

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People should ask: just what are the hedge fund buddies of Geithner adding to the economy under this plan?

Geithner’s drinking buddies are putting up ten percent of the money, but are getting a government guarantee against losses.

Taxpayers are putting up most of the money plus guaranteeing Obama’s contributors against most losses.

SO WHY INVOLVE OBAMA’S CONTRIBUTORS AT ALL?

If they are not putting up the money in size or taking the risk, why is Obama making them rich? Because they contributed to his campaign?

It appears as if Geithner’s drinking buddies will get almost all the potential gains in exchange for putting up almost none of the money!

Just another case of crooked politicians making their buddies rich at the taxpayers expenses.

Change you can believe in. No other politician ever dared such a rape of the taxpayers to benefit his political contributors.

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No business cycle is complete until corporate tech budgets have been slashed, and no bear market has ever been completed until tech stocks have been wiped out.

Corporate tech budgets have barely been touched so far, but the Semiconductor Industry association has said new orders for chips are down 50 percent.

When revised figures for tech budgets for business come out soon, the tech heavy Nasdaq will slash and burn.

Today, Firday march 6, 2009, Nasdaq opened higher, then by 11 AM had retreated 40 points off its high. I predict a  lower Nasdaq close than the current 1,279.

Many Nasdaq giants such as Mister Softee and Intel are major components of the S&P 500 Index, so it is likely to drop to 600 from its current 676.

Obama told us to buy stocks a few days ago. Sure hope he knows more about the economy than that FUBAR.

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Both ideas are Brainless Barry at his best/worst. One of eight mortgages are delinquent or in foreclosure. The S&P Index just gave the strongest sell signal of the last hundred years.

Barack Obama’s plans will make everybody think there is no penalty for cheating on your finances, whether it is in business, your banks, your mortgages, car loans, whatever, nothing matters, Brainless Barry will bail you out.

We need programs to reward personal responsibility, not misbehavior.

We need people who do not pay to lose their homes, and businesses to go bankrupt. Why are not all the crooked executives getting fired and prosecuted?

I scrimped, budgeted, planned and saved, yet i am the only class being punished. I cannot earn any interest on my savings. My stocks are worth Obama’s BS ass droppings. Obama is going to increase my income taxes, capital gain taxes (on what?) and his cow fart tax and carbon tax is going to inflate what I pay for oatmeal and bananas, electricity, etc.

Who killed America?

How do we find a real President to lead this country?

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Welfare leech Nadya Suleman could not get a home to live in without fraud and leeching off her bankrupt mother. She lied to Dr. Phil and claimed she did not want multiples, she just wanted one more baby.

Give her the benefit of the doubt, which is what the State of California has been doing for many years, and assume she is telling the truth (not likely).

So she only wanted a singleton birth.

But wait. She lived in a home (a) that is not hers and (b) is $23,000 behind on the mortgage. So she was not able to provide a home for her first six brats.

And she “needed” a seventh?

She has not worked for around ten years; got a questionable workman’s comp claim (whiplash from a desk?); foodstamps; Aid to Dependent Children; and Aid to the Disabled.

Her bankrupt Mom says Nadya never helped with the mortgage.

And she got $30,000 of plastic surgery and “needed” a seventh child?

Should Medicaid be amended to have mandatory abortions required of serial welfare frauds?

Can America afford monsters like this when OBambi is mortgaging our children for more and more welfare.

Should Obama’s food stamp mother been forced to have an abortion?

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