Tuesday, May 11, 2010

Drive-By Blogging - I Think the Economy Might Be Getting Bad (or something like that)

Since the collapse of the market last Thursday, I have been giving this money thing a lot of brain power. I have yet to solve all the problems yet, but I can guarantee that the stuff our federal government is going to try to solve the problems, is NEVER going to work. How do I know this? Because they were the ones that caused the problem in the very first place.

You do not count on the folks that deliberately caused the problems to fix the problems. That is a bad idea.

You see, the Democrat Party is populated with idiots that know nothing. And Jimmy Carter proved that by signing the Community Reinvestment Act of 1977 that FORCES banks to loan money to people that cannot pay it back. When the initial CRA did not have the crippling effect that Jimmuh Cartuh first envisioned, the Democrats kept adding more and more idiotic changes to it. Then Republicans got into the act.

Adding insult to injury, the Democrat Congress and President Moron McFucktard added even more lenders to the program last year. Instead of beating someone to death with a sock full of soap that would suggest something that suicidal, they instead made the program even MORE WORSER.

Understand, when you elect idiots, they do stupid stuff. And then, when the tax revenue falls dramatically because of their actions, they increase taxes. It is like doubling down on stupid, but Democrats do not KNOW ANYTHING ABOUT ECONOMICS, so that seems right to them.

However, since the Democrats formed Fannie Mae and Freddie Mac as their own little private RE-ELECTION slush funds, neither agency has ever legitimately been solvent. Of course, since the FMs are also fully supported with our tax dollars, Democrats see no need to make these agencies self-supporting since they can buy votes from poor people with that money. So, what happens when both of these moronic slush funds go bankrupt, which they already really are? Well, Democrats will simply change gears, steal even more money from the economy and continue to buy votes from people that do not work.

Sorry, such is the nature of electing Democrats, who only get votes from deadbeats, criminals, and stupid people. Face it, Democrats are the cause of everything that is bad.

Also, NOW our ever shrinking working population is going to bail out Greece and their socialist non-working population because Democrats simply must get elected this November and if the WORLD economy totally collapses, they cannot win. They do not have to repair the damage they caused, but they do have to hold it off until after the elections, you know?

Of course, the Barrystream Media shall never tell you that Democrats have been running the country since January 2007, and the economic collapse did not truly happen until November of 2007. Folks, it is like the Democrats and their sycophants in the national media wake up every morning and think about how to lie to us. (Really, I honestly think that Cynthia Tucker is too stupid to know who was running DC in 2007, so I cannot say that she is lying. She's just lucky she did not show up on television, nekkid with a goat stuck on her back, with a flaming arrow headdress.)

Did anyone know that the NYSE actually invoked Rule 48 yesterday to keep the market from collapsing totally? This rule allows the NYSE to immediately shut down trading in case of a terrifying decline in the market. Yes, they expected that to happen, even though over the weekend, the Democrats agreed to pay off Europe to prop up their market for another eight months. Folks, if Democrats maintain their DEATH GRIP on Congress in November, the market shall truly collapse because there is NO MORE MONEY to artificially keep it high.

By the way, did you know that Barry Obama's favorite Wall Street friends, Goldman Sachs, has had ZERO negative trading days in the first quarter of this year? Wrap your head around that. Goldman has not lost money on ONE SINGLE DAY this year. NOT ONE.

Also, Barry Obama took a bunch of our money and bailed out his buddies in the labor unions at our airports and train depots. I have TRIED to formulate a worse scenario for the economy than the one that Obama is promoting. Seriously, my brain cannot conceive of stuff as evil as they are perpetrating on our country. I have tried and failed.

Also, KBR, a former Halliburton subsidiary and Lyndon Johnson's original bankroller, just got a NO BID CONTRACT from Barry Obama. I thought the Democrats were "against" that kinda crap? No, they are just against anyone giving money to Republicans. Republicans = people that work, therefore AGAINST the Democrat Party.

I have no idea why anyone would get upset about THIS. The only thing that the federal government has EVER done is RAPE people. That is what the Fed does, people, or have you missed that?

Obama's Supreme nominee will not be able to do her job on pretty much anything, because of conflict of interest stuff. Shit, Hell, Damn, that has never stopped a Democrat from doing that ever, why would they start having ethics NOW?

You want another SHOCKER? How about Elena Kagan's college thesis was about his/her/ambiguous other's undying love for....wait for it......SOCIALISM!!!! Fuck me to death, an Obamabot that is passionate about socialism? NFWFMTT!!!!

Oh, here's still another SHOCKER. Jeffrey Toobin, one of Elena Kagan's classmates at Harvard, has no clue what her political philosophy embraces. Even though Toobin studied with her in a small group setting, he has no clue what she believes. That is so humorous.

Blog friends, I have no clue why I even read the news anymore. I am never shocked by the stupidity contained within. When even AmeriCorps people can actually tell you that there are no jobs in the private sector, wonder why the Barrystreams continue to talk about our economic recovery?

It is like no one remembers what Jimmuh Cartuh did to our country in four years, or what Bill Clinton tried to do in two years. Is there anyone left that can recall Toyota getting their ZEROS into our country when Jimmuh destroyed our economy and no one could afford to buy gasoline? I remember and I was just thirteen or fourteen years old. Does no one remember Bill Clinton trying to foist his idiot wife on us along with her boondoggle of a "healthcare" plan? Now, less than twenty years later, we have a "plan" that is so much worse than HillaryCare that I cannot not even believe it.

Oh screw it all, no one remembers anything anymore. Try to recall, The McCainiac has always been one of the Senators that has tried non-stop to get the Mexicans LEGALIZED for YEARS and YEARS. Now? This.


It is like YESTERDAY did not exist. Please take the time to dig your head out of your ass before it is too late, if it isn't already.

Please take the time to comment or click one of the 'Share/Save' buttons.

15 comments:

JMK said...

"I can guarantee that the stuff our federal government is going to try to solve the problems, is NEVER going to work. How do I know this? Because they were the ones that caused the problem in the very first place." (Paul)


Absolutely!

What many fail to understand is that business is no longer antithetical to government intervention. That's because we abandoned Capitalism in 1912 for Corporatism or "the Political Economy," despite the fact that ALL the failures of "the Political Economy" has been blamed on....CAPITALISM, &/or "the Free Market."

Since our media is largely Corporately owned, we now have a "political class" that encompasses not only career politicians, but many (if not most) business leaders and the media.

It's why, even though Greece's current implosion and staggering $1 TRILLION bailout is completely and utterly the result of Keynesian economic policies (the SAME policies en vogue today in Western Europe AND the USA), we hear many media talking heads saying things like, "It (Greece's economic woes) can't ALL be blamed on the cold-hearted market."

"Can't ALL be blamed?

How about NONE are the fault of "the market," ALL of Greece's problems are the result of Keynesian economic policies and the excessive and unsustainable government spending AND the "entitlement culture" fostered by those policies.

JMK said...

"And Jimmy carter proved that by signing the Community Reinvestment Act of 1977 that FORCES banks to loan money to people that cannot pay it back. When the initial CRA did not have the crippling effect that Jimmuh Cartuh first envisioned, the Democrats kept adding more and more idiotic changes to it. Then Republicans got into the act." (Paul)


Absolutely CORRECT!

The CRA pushed by William Proxmire (D-WI) and Ted Kennedy (D-MA) was and remains a fatally flawed document that DOES require banks to lend to "low income Americans."

It initially focused on "getting banks to loan/invest more of their monies in their own communities."

Why di banks accept this?

because in return they received guarantees the government would bail them out with taxpayer money when necessary.

That amounted to a retail store being mandated to sell its goods for less than the store paid, in return for the government to give that store DOUBLE or even TRIPLE that value out of future tax revenues. How could that store turn down such a deal?

Again many in business, especially the financial industry have become part and parcel of the political class! Rubin, Geithner, Corzine, Paulson are ALL very pro-government liberals and part of the political class...and there are tons more.

The banks and other businesses have been turned into de facto charitable organizations by a rogue, anti-capitalist government that blames the failure of such anti-Capitalist policies on.....CAPITALISM.

And you're right about the GOP (especially the Rockefeller-wing/"Moderate" Republicans) role in all this. The GOP's "Ownership Society" became an integral part of this anti-Capitalist agenda that used "disparate impact" to coerce (very willing) banks to abandon traditional lending criteria and become unregistered charities that gave wealth (in the form of counterfeit credit) to people who NEVER deserved that!

JMK said...

"By the way, did you know that Barry Obama's favorite Wall Street friends, Goldman Sachs, has had ZERO negative trading days in the first quarter of this year? Wrap your head around that. Goldman has not lost money on ONE SINGLE DAY this year. NOT ONE." (Paul)


That can't be stressed enough! Goldman Sachs (the Rothschild's arm in America) has given over 80% of their sizable political donations to Democrats....and always have! The lowest amount that ever went to the Dems was 66% back in the late 1990s when the GOP ruled both Houses of Congress.

JMK said...

"The McCainiac has always been one of the Seantors that has tried non-stop to get the Mexicans LEGALIZED for YEARS and YEARS. Now? This." (Paul)


Sad to say, McCain's a political whore. A typical member of the Rockefeller-wing of the GOP....a faux "Moderate," who's as Keynesian as any liberal.

The political class is frightened by the awakening public and they fear it may spread to what might become an army of former liberals once those dopes realize they're actually supporting the "corporate masters" they claim to revile.

That's why the legalization of between 12 MILLION and 20 MILLION ILLEGAL immigrants and making Puerto Rico the 51st state are the top priorities for the Dems before November.

If they can push those two things through, ACORN will have effectively conquered America.

Even another 5 MILLION votes (taking into account the generally low turnout of the poor) from those 12 to 20 MILLION ILLEGALS and the 2 new Democratic Senators and 5 Democratic House members will effectively shut out America's traditional base.

One could say that at that point, "We can shut the lights out for the last time on the American experiment," BUT that very well could sew the seeds of a very REAL 2nd American Revolution.

Red said...

I remember the gas rationing. I was just a kid and knew that Carter was a loser who didn't belong in the Whitehouse. Somebody dig up Reagan.

Skunkfeathers said...

We dig up Reagan, as voters, by burying the libtards at the polls in November. And we further it, by doing the same in '12...send Barry back to visit his one room shack brother in Kenya.

The Mayor said...

The US pays 17% of the IMF. Hmmmm, the Euro bailout was a cool trillion? Let me do some math here...

I suppose the bright side of the Euro bailout is that EVERY Euro country has to approve it. Since they can't EVER agree on the simplist things, chances are they will botch this up too.

paul mitchell said...

JMK, I even left out the new cottage industry, "loan origination offices," that the CRA invented. Those offices were the ones that made a huge profit by simply loaning money to anyone that could lie well enough to "qualify." Think Countrywide. Wonder who got buttloads of money from those guys? And I think that the criminal Mexican population is closer to 50 million than any other number I have heard.

Red, when I talk about the Carter era, I always tell the story that I actually shook hands with Reagan when he was first running for President. Thanks for giving me that opportunity again.

Skunkfeathers, if we do not turn these idiots out in November, we are screwed.

Mayor, it is going to happen, I know it.

Red said...

You shook hands with Reagan? You are a bad ass.BTW, you've been totally linked.

paul mitchell said...

Red, thanks for the link and I did not want to go to see Reagan, my grandfather made me. Looking back, at the way that I agreed with pretty much all Reagan told us that day, I realize that my grandfather was usually right. Old people are bad ass.

Skunkfeathers said...

We dig up Reagan, as voters, by burying the libtards at the polls in November. And we further it, by doing the same in '12...send Barry back to visit his one room shack brother in Kenya.

paul mitchell said...

JMK, I even left out the new cottage industry, "loan origination offices," that the CRA invented. Those offices were the ones that made a huge profit by simply loaning money to anyone that could lie well enough to "qualify." Think Countrywide. Wonder who got buttloads of money from those guys? And I think that the criminal Mexican population is closer to 50 million than any other number I have heard.

Red, when I talk about the Carter era, I always tell the story that I actually shook hands with Reagan when he was first running for President. Thanks for giving me that opportunity again.

Skunkfeathers, if we do not turn these idiots out in November, we are screwed.

Mayor, it is going to happen, I know it.

Red said...

I remember the gas rationing. I was just a kid and knew that Carter was a loser who didn't belong in the Whitehouse. Somebody dig up Reagan.

JMK said...

"The McCainiac has always been one of the Seantors that has tried non-stop to get the Mexicans LEGALIZED for YEARS and YEARS. Now? This." (Paul)


Sad to say, McCain's a political whore. A typical member of the Rockefeller-wing of the GOP....a faux "Moderate," who's as Keynesian as any liberal.

The political class is frightened by the awakening public and they fear it may spread to what might become an army of former liberals once those dopes realize they're actually supporting the "corporate masters" they claim to revile.

That's why the legalization of between 12 MILLION and 20 MILLION ILLEGAL immigrants and making Puerto Rico the 51st state are the top priorities for the Dems before November.

If they can push those two things through, ACORN will have effectively conquered America.

Even another 5 MILLION votes (taking into account the generally low turnout of the poor) from those 12 to 20 MILLION ILLEGALS and the 2 new Democratic Senators and 5 Democratic House members will effectively shut out America's traditional base.

One could say that at that point, "We can shut the lights out for the last time on the American experiment," BUT that very well could sew the seeds of a very REAL 2nd American Revolution.

JMK said...

"And Jimmy carter proved that by signing the Community Reinvestment Act of 1977 that FORCES banks to loan money to people that cannot pay it back. When the initial CRA did not have the crippling effect that Jimmuh Cartuh first envisioned, the Democrats kept adding more and more idiotic changes to it. Then Republicans got into the act." (Paul)


Absolutely CORRECT!

The CRA pushed by William Proxmire (D-WI) and Ted Kennedy (D-MA) was and remains a fatally flawed document that DOES require banks to lend to "low income Americans."

It initially focused on "getting banks to loan/invest more of their monies in their own communities."

Why di banks accept this?

because in return they received guarantees the government would bail them out with taxpayer money when necessary.

That amounted to a retail store being mandated to sell its goods for less than the store paid, in return for the government to give that store DOUBLE or even TRIPLE that value out of future tax revenues. How could that store turn down such a deal?

Again many in business, especially the financial industry have become part and parcel of the political class! Rubin, Geithner, Corzine, Paulson are ALL very pro-government liberals and part of the political class...and there are tons more.

The banks and other businesses have been turned into de facto charitable organizations by a rogue, anti-capitalist government that blames the failure of such anti-Capitalist policies on.....CAPITALISM.

And you're right about the GOP (especially the Rockefeller-wing/"Moderate" Republicans) role in all this. The GOP's "Ownership Society" became an integral part of this anti-Capitalist agenda that used "disparate impact" to coerce (very willing) banks to abandon traditional lending criteria and become unregistered charities that gave wealth (in the form of counterfeit credit) to people who NEVER deserved that!

Post a Comment