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Posts Tagged ‘bailout’

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:

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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.”

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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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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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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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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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Here is a link to a great article

http://fwcon.wordpress.com/2009/03/07/obama-presidency-is-over/

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