No Stimulus

If you are sane and rational, and have not been consuming mind-altering substances that convince you that the only way to get out of debt is to borrow more money, then I urge you to go to http://www.NoStimulus.com and sign the petition to stop the most monumentally expensive swindle ever perpetrated on an unwitting public.

The amount of money that’s already been spent, with no accountability to the American public, is mind boggling. But that’s not enough for the insatiable legislators who are sniffing out fat, juicy chunks of pork wrapped up in the trillions of dollars of debt with which they’re trying to saddle the American people.

We all know it will accomplish no good. It’s a last ditch, desperate effort to cash in as the economy goes down the tubes, and grab whatever they can for themselves and their favorite special interests while the grabbing is good, as they strip the economy of whatever viability is left. We are careening toward disaster of unprecedented proportions, and they are whipping up the horses in a frenzy of mass delusion that we can spend our way out of debt.

There must be something in the drinking water in Congress, because our legislators have all gone mad. Please!! Stop the presses! Stop the borrowing!! Wake up, America, and take responsibility for demanding an end to this mass hallucination. Call or write to your legislators today. If you don’t have time, or don’t know what to say, at least sign the petition at http://www.NoStimulus.com.

Make sure your elected representatives know they’re violating the will of the people as they pillage our economy and sacrifice our future prosperity. If you don’t tell them this is not what you want, they will feign ignorance and tell you they thought they were acting in your best interest when they come asking for your votes in the next election. Tell all your elected representatives today, if they vote for this, they will never be elected again. That’s the only language they can understand.

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74 CommentsLeave a comment

  1. You are right, it is horrific, I’m going to invest in all the companies that will profit, close my positions after the bounce, then hunker down and wait for the big FAIL that is coming. I have some GE stock now, and some XLF that will pop when we bail out the banks next week.

  2. We need to educate our citizens what it means when you vote for a senator or congressman. I think people are oblivious to the fact that who they vote for are the ones making decisions with our monies.
    Maybe we should take a page out of their book and not pay taxes and just see what they could do without our cash.

  3. “the only way to get out of debt is to borrow more money”

    That’s NOT what’s going on right now, and I always laugh when supporters of the GOP complain about the size of the national debt…a debt that was accumulated almost exclusively under their reign!

    Let’s face the facts here…a federal stimulus bill (which will create millions of jobs in the infrastructure sector alone) will be passed very soon. In VT alone, the passage of this stimulus will allow the state to not have to face huge cutbacks due to a possible budget shortfall over the next two years.

    “The amount of money that’s already been spent, with no accountability to the American public, is mind boggling.”

    Please…more wild hyperbole is not what is needed at this time IMO. Around-about the time that the bailout/rescue plan was passed last year, Congress passed a $600+ Billion “defense” bill (which likely doesn’t even include the full cost of the two wars that we’re involved in now) without batting an eyelash. All this money (to buy nuclear submarines & “advanced” stealth aircraft) to fight people that plan their attacks & live in caves…please…

    “Maybe we should take a page out of their book and not pay taxes and just see what they could do without our cash.”

    Some frequent, Rigt-wing commentators on this very website have already done just that…and it’s called tax evasion!

  4. On the ” No,don’t do it” board, I dared those who support President Obama to defend the stimulus bill detail by detail. Of course there were no takers. It’s easy to argue generalities, specifics take intelligence.

    Our Democratic Party overseers do not care if the country is in the hole. All they care about is power. On this point they agree with the character of Satan from John Milton’s great work, Paradise Lost. “To reign is worth ambition though in Hell:
    Better to reign in Hell, then serve in Heav’n.”

  5. “…the most monumentally expensive swindle ever perpetrated on an unwitting public” says it all.

    Sadly Mr Guy is right. Mr Bush racked up our deficit spending which just gives the Democrats an excuse to rack up some more. Problem is the Dems are using it to introduce socialism.

    So to solve a problem caused by debt we go into more debt? I give up.

  6. Would like to sign the No Stimulus petition. unable to open (nostimulus.com)website.

  7. well, heard about this site this morning on fox news. have been trying thru direct and other sites such as this one to go to the site and sign the petition. cannot get thru to site. says website unavailable, not found. what’s going on. who’s blocking this site? anyone else having this problem

  8. ya i am unable to open the nostimulus.com site aswell.

  9. Apparently the servers at http://www.nostimulus.com have been overloaded with people trying to sign the petition. There’s been such an enormous response, it has overwhelmed the bandwidth capacity. Apparently the phone banks at Congress have also been jammed with people trying to get through and demand that the stimulus bill be stopped.

    I hope our legislators are paying attention. Thank you for your efforts!

  10. no stimulus for the american people.

  11. “Problem is the Dems are using it to introduce socialism.”

    More mindless, Right-wing hyperbole…ugh…

    “So to solve a problem caused by debt we go into more debt?”

    Really, the economic mess that we’re in is caused simply “by debt”?? I think not…when you are in an economic slump and the financial sector & the people are not not lending/spending money…it’s up the govt. to step in and get things moving again. It’s always been this way, and it always will be this way…that is, until we base our economy in more sustainable way that is…

  12. The government told banks to lend to people who could not pay it back. If Fannie, Freddie, Barney, and Chris had stayed out of the credit markets, they could never gotten in to trillions of losses. They would have collapsed sooner and the whole cycle would have corrected itself long before now. Thems is facts.

    Bernie Maddof was more honest than Dodd and Frank. He at least admitted to being a con artist. He also lost a lot less money and screwed a lot fewer people.

  13. If you’ve been unable to get through to http://www.NoStimulus.com, please try again.

    The site is accessible right now, and we’ve got one more day to let our legislators know this is wrong, wrong, WRONG. Sign the petition and pass the URL along to everyone you know…

  14. Last night our President said it was deficit spending that got us into this “financial crisis” and his plan is to spend more to get us out of it. What’s next? Should we give every drunk a bottle of Jack Daniels to sober them up?

  15. FOR THE LIFE OF ME I DO NOT UNDERSTAN WHY WE EVER PUT ALL THESE DUM ASSES IN POWER?? THE NEXT TEA PARTY SHOULD BE IN DC NOT BOSTON

  16. The stimulus will happen. We lost the election and we have to pay the consequences. All of the Democrats and 3 Republicans have sold us down the river. In 2 years we will have another chance at redemption. In the mean time Barak, Nancy, and Harry have us by the throat. We have to watch that we do not get so angry that we give up. Revenge is best served cold. The socialists are over reaching. Everything they are doing now can be used as ammunition in the next go around, if we stay cool and stay focused. Remember Clinton’s first midterm election losses.

  17. The petition at http://www.NoStimulus.com will be presented tomorrow at 2:00 PM. There are already over 400,000 on-line signatures, despite the servers going off line a number of times because of the overwehlming response.

    If you have not signed the petition already, please go to http://www.nostimulus.com and sign it now. It would be great to get a half million signatures.

  18. I signed the petition. I’m not ready to call on the patron of lost causes yet, but….things don’t look bright for the good guys.

  19. Yet another exercise in complete & utter Right-wing futility…the stimulus bill passed, as it was always destined to……

  20. Am I the only one who wants to puke when the media tells everyone of the greatness of Obama? The great one got this historic stimulus bill passed that saved the country from ruin. Only a leader like Obama could have gotten this done in record time. With overwhelming majorities in both houses of Congress, it took the skills of a master.

    I suppose that it will be awhile yet before our new President gets his feet wet while walking on water.

  21. Alan Scott,

    I noticed Comrade Guy still doesn’t seem to understnd that the beauty of America is the ability to disagree with policy-especially policy that has been proven not to work.

    “Yet another exercise in complete & utter Right-wing futility…the stimulus bill passed, as it was always destined to……”

    I don’t recall anyone saying it wouldn’t pass, many have stated we did not WANT it to pass and we took action to support that position.

    @Comrade Guy,
    Question 1: How much will unemploment have to increase before you will admit the “stimulus” isn’t working?

    Question 2: How low will the DJIA have to fall before you will acknowledge the “stimulus” isn’t working?

    Question 3: At what price for a loaf of bread will realize the “stimulus” has failed?

  22. “especially policy that has been proven not to work.”

    LOL…as we’ve discussed at length “DJ” (and you’ve ignored of course), there’s absolutely NO evidence that the govt. spending money during hard economic times is bad for the economy.

    “How much will unemploment have to increase before you will admit the ‘stimulus’ isn’t working?”

    The recently-passed Stimulus bill will be having a positive effect on employment rates within a year or so…watch & learn wing-nut…

    “How low will the DJIA have to fall before you will acknowledge the ‘stimulus’ isn’t working?”

    Who gives a rat’s behind what the stock market does?? The stock markets respond to rumors & “fears” just as much as they respond to actual hard economic numbers.

    Even with that in mind though, the stock markets perform better under Dems than under GOPers.

    wiki.answers.com/Q/What_was_the_Dow_Jones_average_at_Bill_Clinton’s_first_Inaugaration

    “At what price for a loaf of bread will realize the ‘stimulus’ has failed?”

    Well, that’s a weird question, but (according to the Bureau of Labor Stats) the price of a loaf of bread in the USA hasn’t even tripled in value since 1980…but it has increased 40-50% since GWB was in office! Thanks again GOP!! The predictions for wildly-priced bread are waaay out of whack IMO.

    data.bls.gov/cgi-bin/surveymost?ap

  23. DJ,

    I know it’s cheap to cherry pick MG’s comments, but he is such a rich source of nonsense. His “Who gives a rat’s behind what the stock market does?? The stock markets respond to rumors & “fears” just as much as they respond to actual hard economic numbers.” is great. He could work for Obama, because our El Presidente’ does not give a rat’s behind either about the investor class. Which is why Barak is failing. Ultimately the investors supply the capital that gives us all a job. Unless you are an Obama slug that lives off of the taxpayer.

  24. Well, the DJIA surely had something to say about Obama signing the Stimulus.

  25. I would also like to know when this Stimulus is supposed to stimulate. Ever since it was signed, the markets have gone down and continue to go down. I am excited to see what teh market does when it opens tomorrow morning….

    Market after signing…
    http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1235360873254&chddm=1955&q=INDEXDJX:.DJI&ntsp=0

  26. Not to mention that the market hit a 52 week low 4 days after the stimulus was signed.

    But hey, let’s give him a fair shake and see where the market heads this week.

    (Oh man, I’ve posted 3 times in a row. I am sure that I am going to get entered into the National Troll Database with Alan Scott now!)

  27. This really deserves more to be on the Defenders of Infamy, but I think it serves a purpose to help explain the beginnings of Fannie Mae’s contribution to the financial mess. Or whose idea was it really to loan to people who really would bring down our financial system.Where did it all begin? The date is 1999.

    http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260

  28. Since nobody commented on my last post I can assume nobody went to the address I wrote. There is quite a lot of ammunition for us right wingers in the article. He who shall remain nameless, that loves to attack our sources, surely cannot complain about the left winger’s Bible, The NY Times. This is my answer to the geniuses who blame the current mess on Bush inspired derivatives and Bush’s tax cuts for the wealthy.

    Excerpts:

    “In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.

    “”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.””

  29. Alan… The author, Steven A. Holmes, is rumored to have voted Republican…. therefore untrustworthy.

    Find another source…. (/sarcasm)

  30. DJIA still chugging downhill… will we break 7k next week? ;-)

  31. Thanks for reminding me Tuco….

    Feb 17: Open @ 7,845.63 Close @ 7,552.60
    Feb 18: Open @ 7,546.35 Close @ 7,555.63
    Feb 19: Open @ 7,555.23 Close @ 7,465.95
    ….
    Feb 27: Open @ 7,180.97 Close @ 7,062.93

    So, since the STIMULUS package was signed, the DJIA has gone down 782.7 points.

    So when is this ES Package supposed to STIMULATE?

  32. It is stimulating Pelosi and Reed, you can tell she’s stimulated, look at her googly eyes. Right now I’m hoping for complete systemic collapse, that will be a way more efficient way of failing then dragging it out for a long, long time. Fail fast, then rebuild. Don’t support a failing system, let it die.

  33. And the stupid, Right-wing whine continues…ugh…

    The “beloved” DJIA around-about when GWB took over in 2001 – around 10500…when GWB left office – around 8000 (with the housing bubble, caused in part by GOP-sponsored deregulation from the late 1990s, in between at around 14000).

    Since when has ANY bill passed by Congress had an immediate AND sustained long-term effect on the stock market?? Hint: It’s never.

    Would you expect the stock market to react favorably to the fact that the USA (and the entire globe really) has been in a recession for quite some time now, the fact that U.S. GDP declined in the last economic quarter of the Bush Regime by the lragest value in many decades, the fact there have been mounting job losses starting back during the Bush Regime, an enormous loss of wealth in the housing sector starting back in the Bush Regime, upheaval in financial markets starting back in the Bush Regime, and a dramatic lack of consumer confidence going back to well into the last year of the Bush Regime??

    It took the USA a looong time to get into the mess that it’s in right now, and it will take a long while (at least another year) before it starts to climb out of the mess that it’s in right now. Of course, using logic, actual facts, common sense, and patience is kind of hard for you knee-jerk Right-wingers eh??

  34. Since when has ANY bill passed by Congress had an immediate AND sustained long-term effect on the stock market?? Hint: It’s never.

    So why did we do this and why do you support this?

  35. “(with the housing bubble, caused in part by GOP-sponsored deregulation from the late 1990s,”

    This from the NY Times address I posted previously.

    “Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.”

    There is so much dirt on the Democrats at this next address, that I cannot even begin to do it justice with quotes.

    http://www.businessandmedia.org/printer/2008/20080924145932.aspx

    Excerpts:

    “In 1991, Frank and former Rep. Joe Kennedy, D-Mass., lobbied for Fannie to soften rules on multi-family home mortgages although those dwellings showed a default rate twice that of single-family homes, according to the Nov. 22, 1991, Boston Globe.”

    ” “All of this bad stuff on Wall Street happened because people got greedy and the greed started at Fannie Mae and Freddie Mac,” Rove said. “And I know this because five years ago, the administration was alerted by the regulator, James Lockhart, that there was insufficient authority and that these institutions – particularly Fannie – were out of control.””

    ” Rove said the Bush administration’s efforts to reform Fannie and Freddie were opposed by congressional Democrats – specifically Frank and Senate Banking Committee Chairman Christopher Dodd, D-Conn.”

    I’m long, but so what. We are told to have patience, it took a long time to get in to this mess. Lets examine that. 2 years ago the Dow was 12,600. Now it is flirting with 6000. Hmmm, I wish I could remember what happened 2 years ago that might have changed things. Patience, it will come to me.,,,,,,,,,,,,now I remember. Prince Harry and Princess Nancy ascended to their thrones.

  36. I believe that if you look at it, both Presidents Bush and Clinton had their best years economically when they had a Republican House of Representatives and their worst when Democrats ruled the house. The only thing that can save the Obama Presidency is what saved Clinton. The GOP taking the House back from Pelosi.

    Spending restraint, welfare reform, and capital gains tax cuts were jammed down Bill Clinton’s throat by House Republicans. Contrast that with the pork and patronage Pelosi is serving up to Obama. The poor guy better pray for a midterm defeat.

  37. Correction, I wrote the Dow was near 6000 on one of my former posts, I meant 7000. This was my statement of Pelosi and Reid’s 2 year track record.

  38. Since the deregulation issue still seems to be confusing for some… Here is more reading.

    Not sure if the Washington Post is a viable source for MG to accept… http://www.washingtonpost.com/wp-dyn/content/article/2008/10/19/AR2008101901416.html

    IS THIS the end of American capitalism? As financial panic spread across the globe and governments scrambled to contain the damage, reality seemed to announce the doom of U.S.-style free markets and President Bush’s ideology. But this is wrong in two ways. The deregulation of U.S. financial markets did not reflect only the narrow ideology of a particular party or administration. And the problem with the U.S. economy, more than lack of regulation, has been government’s failure to control systemic risks that government itself helped to create. We are not witnessing a crisis of the free market but a crisis of distorted markets.

    Also, again, not sure if The San Diego Union Tribune is on the reading list… http://www.signonsandiego.com/uniontrib/20081031/news_lz1ed31bottom.html

    The mismanagement of Fannie Mae and Freddie Mac is no orphan. It has many fathers, and deregulation of financial markets isn’t one of them… Appallingly, some Democrats still claim that deregulation fomented by Republicans and greedy investors caused the meltdown. Never mind that the policy of spreading homeownership around to folks who couldn’t afford it will cost millions their homes and taxpayers an extra $700 billion.

    On another note: After the DJIA fully closed, it hit another 52 week low @ 7033.62.

  39. Pre-markets not looking good, we’ll close under 7000 tomorrow. Welcome to the Obama market melt-down! This is what you get when you put the kiddies in charge!

  40. I just love the continued attempts to pass-off *opinion pieces* (that are filled to the brim with well-debunked GOP talking points) as actual facts…it’s hilarious really…

    And I *especially* love the mention of the “The 1999 repeal of the Glass-Steagall Act, a Depression-era law separating commercial banking and investment banking”, which…of course…was pushed forward by the GOP Congress at the time & that started this whole mess in the first place (just like I’ve said many, many times before)…sheesh…

    I also love the complete & total lack of any concept of “personal responsibility” when it comes to blaming crises that started out under GOP Presidents…again, it’s hilarious!

    Case in point from Taco:
    “Welcome to the Obama market melt-down!”

    I say again…since when has ANY bill passed by Congress had an immediate AND sustained long-term effect on the stock market?? Hint: It’s never…trying to take how the market “reacts” initially to the passage of a bill by Congress and then extrapolating that same effect forever is one of the worst examples of a complete & total lack of understanding of simple logic & science that I’ve seen in quite some time…ugh…

    Need some REAL reading (with actual FACTS instead of just biased opinions)? Try these:

    “Private sector loans, not Fannie or Freddie, triggered crisis”
    http://www.mcclatchydc.com/251/story/53802.html

    “the CRA Didn’t Cause the Housing Bubble”
    economicsofcontempt.blogspot.com/2008/09/oh-my-god-cra-didnt-cause-housing.html

    “The Bubble Economy: The sub-prime mess, the huge risks taken by hedge funds, and the conflicts of interest that led to Enron are all the consequences of serial bouts of financial deregulation.”
    http://www.prospect.org/cs/articles?article=the_bubble_economy

    “McCain advisor spurred $62 trillion derivatives market that will swamp global markets”
    http://www.bloggingstocks.com/2008/09/15/100-year-crash-mccain-advisor-spurred-62-trillion-derivatives/print/

    “ALAN Greenspan,has finally conceded that the free market philosophy he championed for 40 years has fundamental flaws.”
    http://www.theaustralian.news.com.au/business/story/0,28124,24548000-643,00.html

    But, of course, we’ve been over & over this again & again in this blog, and you Right-wingers will NEVER fess up to being part of the problem…no matter though…

  41. I just love the continued attempts to pass-off *opinion pieces* (that are filled to the brim with well-debunked GOP talking points) as actual facts…it’s hilarious really…

    http://www.mcclatchydc.com/251/story/53802.html
    Who is David Goldstein and Kevin G. Hall and what credentials do they have to speak on the matter?

    economicsofcontempt.blogspot.com/2008/09/oh-my-god-cra-didnt-cause-housing.html
    Written by a Democratic Lawyer blogger?

    http://www.prospect.org/cs/articles?article=the_bubble_economy
    “Liberal Intelligence” find another source.

    http://www.bloggingstocks.com/2008/09/15/100-year-crash-mccain-advisor-spurred-62-trillion-derivatives/print/
    Who is Peter Cohan and what credentials does he have?

    http://www.theaustralian.news.com.au/business/story/0,28124,24548000-643,00.html
    Written in conjunction with the WSJ, the most Liberal media outlet out there. Find another source.

    I am getting so tired of Liberals passing their opinion pieces off as facts even though they have been well-debunked by conservatives and 3rd parties alike. I’m also tired of certain Liberals coming here and telling me that they don’t think that any bill has ever spurred the economy yet they continue to support it. Do they just like to spend trillions for the fun of it? It makes no sense.

    Find some other sources MG.

  42. DJIA: 52 week low today @ 6,755.17.

  43. I cannot wait to see the Obama deficit. He has not said anything about social Security and Medicare yet, both those need big cuts. Obummer doesn’t have the balls to cut those.
    When will we hit DOW 6000? I’m betting before the end of March.
    Gov’t revenues will drop a lot more, those who actually pay taxes will be paying less, even though there is an increase, because we making less. I’m going to avoid the top bracket thanks to Obummer trashing the stock market, so he’ll actually be getting less from me, and I’m not the only one in this situation. So the actual situation will be even worse than Obummer is making it out to be – thanks to his own actions.
    I’m not seeing any taxable capitol gains for a long time to come – raise the rate all you want, fool, everyone is losing, you get nothing!
    Cut the government, cut taxes.
    It’s the only way to be sure!

  44. Very true Tuco. He was questioned on this fact during a debate and he tap danced like he was on Broadway. The host actually asked him like 3 times, and he continued to tap dance. I really need to find the video and post it here.

    Face it, it’s not about revenue…. it is about redistributing the wealth. He even told Joe the plummer this fact.

  45. “He has not said anything about social Security and Medicare yet”

    Sure he has…you just haven’t been listening there Taco (what a surprise!)…Medicare reimbursement rates will be going down under the new proposed federal budget.

    “Gov’t revenues will drop a lot more”

    …not if the economy starts to grow again. As has been clearly shown in this blog before…when the economy grows, govt. revenues almost always grow…especially when tax rates are raised (like in the recent past…in the 1990s).

  46. Sure he has…you just haven’t been listening there Taco (what a surprise!)…Medicare reimbursement rates will be going down under the new proposed federal budget.

    Link?

    …not if the economy starts to grow again. As has been clearly shown in this blog before…when the economy grows, govt. revenues almost always grow…especially when tax rates are raised (like in the recent past…in the 1990s).

    Your paragraph is so enlightening. Where should I bow to worship you?

    On a side note. I just found some sources (as in a Clinton official document) that Clinton said his success was due to the deregulation that happened during his reign. Oh noes, MG. What happens if it can be shown that a Democratic president attributed his success and te economies success to deregulation. AND, even when challenged later, he defended his signings of those deregulation bills.

    I will post later (at work now).

  47. Oh yeah MG. Since you quoted a bunch of Democratic/Liberal writers and media sources, can you please get me some conservative news sources that say the same thing as those?

    Alan and myself already have dug up plenty of articles from liberal sources that place blame. And, we don’t even bother citing conservative (or middle of the road sources) anymore because we know you will just get all pissed and take your toys home and pout about it being a “biased source.” I think it is only fair.

  48. Oh yeah, and learn some courtesy.

    Sure he has…you just haven’t been listening there Tuco (what a surprise!)…Medicare reimbursement rates will be going down under the new proposed federal budget.

  49. I found it to be quite amusing when Obama started giving investment advice today. I’d love to see what he’s done with investing over the years. I bet he has never bought a stock.
    6726.02
    “we’re on an express elevator to hell, heading down!”
    I’m done pulling out of the market, I’ll leave a little in, I’ve reduced my investment rate ~85%.
    Cash is king, baby!

  50. Tuco,

    “I found it to be quite amusing when Obama started giving investment advice today.”

    Can you give me a quote on that, I missed it?

  51. And the Right-wing hilarity continues…

    “Who is David Goldstein and Kevin G. Hall and what credentials do they have to speak on the matter?”

    They are both McClatchy news service (which is one of the more respected news services in the country) correspondents.

    http://www.mcclatchydc.com/178

    “David Goldstein writes for The Kansas City Star, the Wichita Eagle and The Olathe (Kan.) News. He has worked for The Star as a Washington correspondent since 1995. Before that, he was a reporter and political editor in Kansas City. He’s a graduate of The George Washington University.”

    http://www.mcclatchydc.com/148

    “Kevin G. Hall, the former South America correspondent, is now the bureau’s national economics reporter. During his career he has reported from Mexico City, Saudi Arabia, Miami, Los Angeles and Washington, D.C., for the Journal of Commerce and United Press International.”

    They write, you know, *actual news stories* with verified FACTS…LOL…

    “Written by a Democratic Lawyer blogger?”

    LOL…nope, try a structured finance (and derivatives) lawyer with an M.A. in Economics from NYU, and a J.D. from NYU School of Law. In other words, he’s one who knows more a LOT more about finances that the likes of you kiddo…

    “‘Liberal Intelligence’ find another source.”

    LOL…right, because Robert Kuttner isn’t an acredited American journalist, writer, economist, and a 20-year columnist for “Business Week”…please kiddo…

    “Who is Peter Cohan and what credentials does he have?”

    LOL…he’s only the head of Peter S. Cohan & Associates, which is a management consulting & venture capital firm. Again, he’s someone that knows a LOT more about the financial markets than you do kiddo…which isn’t really saying much considering what “knowledge” you’ve shown here so far. You’re WAAAAY out of your league here!

    “Written in conjunction with the WSJ, the most Liberal media outlet out there.”

    Yea, right…the WSJ is a “liberal newspaper”…and you’re a legend in your own mind kiddo…sheesh…

    “I’m also tired of certain Liberals coming here and telling me that they don’t think that any bill has ever spurred the economy yet they continue to support it.”

    Wow…do you have a knack for blatantly lying about what others have stated here or what?? I’m not surprised…given your past tax evasion schemes that involved lying to the govt. about your job compensation. The recently-passed economic stimulus bill WILL, in fact, help out the economy…once the money makes it out & is spent within the next year.

    “Link?”

    I dunno why I should bother trying help out a proven liar that can’t even do a simple Google search for info on their own, but oh well:

    “Obama budget would slow Medicare, Medicaid growth”
    http://www.google.com/hostednews/ap/article/ALeqM5i5KxoRcQqjlGJp-cehegpUefg9_QD96JCMOG0

    “Obama Budget Squeezes Medicare—and Wealthier Seniors”
    http://www.usnews.com/blogs/on-health-and-money/2009/2/26/obama-budget-squeezes-medicare–and-wealthier-seniors.html?s_cid=rss:on-health-and-money:obama-budget-squeezes-medicare–and-wealthier-seniors

    I can’t personally say yet whether I agree with Obama’s health care plans either.

    “I just found some sources (as in a Clinton official document) that Clinton said his success was due to the deregulation that happened during his reign.”

    No, you really didn’t.

    “even when challenged later, he defended his signings of those deregulation bills.”

    Not recently he hasn’t. I’ve heard him say with my own ears recently that he would have liked to regulate things more with repsect to derivatives, which is a major part of why we’re in the mess that we are in right now.

    “(at work now)”

    …where, of course, you’re not earning any wages or paying any taxes…ugh…what a bold-faced liar you really are kiddo…time to give it up…

    “Alan and myself already have dug up plenty of articles from liberal sources that place blame.”

    No, you really haven’t, period.

    “we don’t even bother citing conservative (or middle of the road sources) anymore”

    LOL…sure, sure…the truth really has NO meaning whatsoever to the likes of you, eh kiddo??

  52. Tuco,

    I found the Obama investor advice you mentioned.

    “What you’re now seeing is a profit and earnings ratios get to the point that buying stocks is a good thing if you have a long-term perspective on it,”

    “”The stock market is story of like a tracking poll in politics. It bobs up and down day-to-day,” Obama said. “And if you spend all your time worrying about that, then you’re probably going to get the long-term strategy wrong.””

    The funny thing about this is, I’ve actually been following our President’s advice. I’ve stayed in the market and have gotten slaughtered. Unfortunately what President Obama does not realize is that the market has been going down because he is constantly assaulting those profits. He can no longer blame Bush for these latest stock market lows.

    I keep wondering when Warren Buffet and all the rest of Obama’s businessmen friends are going to explain to him the fundamentals of economics. He is trying to get pools of investors to buy the toxic assets of banks to get the economy going again. Why would these investors take these risks when El Presidente’is going to annihilate their profits with taxes?

    Barak Obama is like a bright rookie baseball prospect. He was praised as being greater than all of the greats who came before. This before having any times at bat. Well the first few innings are over and so far mighty Casey has struck out.

  53. I think he’s more like the tailors who make invisible clothes, not like the rookie superstar. The rookie superstar had to accomplish at least something to get where he is, had a good record at the collegiate level or something. Obama has accomplished nothing. His only skill is selling you something he can’t actually make, then trying to convince you that you aren’t a fool for listening to him.
    The emperor isn’t wearing any clothes.

  54. 6594.44
    “Change is all we’ll have left”.
    How much more proof do you need that
    Team Obama != The A Team
    ????
    He’s making a recession into a disaster.

  55. First Obama’s lack of investing knowledge was on display with his “… profit and earnings ratios get to the point that buying stocks is a good thing…” comment. The actuial ratio is PRICE to earnings, NOT PROFIT- a HUGE difference.

    Second, I believe the objective is being missed. Obama has no intention of fostering a recovery, he is trying to force the economy into the dirt, it isn’t about individual prosperity or economic success, it is all about government control. Look at the number of “moderate” Democrats jumping ship on his 400+ billion dollar pork laden spending package. Look at how many “national” Liberal talking heads are questioning Obama’s motives. He wants to control and manage every aspect of our lives, that’s what he and his Chicago thugs are attempting to pull off.

  56. If you are an evil capitalist pig investor as I am, you would have had to catch the first 10 minutes of Cramer on Mad Money, today 3/5/09. Jim ranted with a large knife, cutting up stuffed cats, to illustrate Obama’s war on the fat cats of capitalism. He pointed out that when our President is done, none of the cats will have any lives left and neither will our economy.

    Whatever you think of Jim, he is entertaining. He was a big Barak Obama supporter. He is now, with good reason, on the Obama enemies list.

    It’s a shame that MG doesn’t invest or have any skin in the game. He must either work in government or get government assistance. These will be the only winners of Obamanomics.

    One has to wonder how many billions Berkshire Hathaway will have to lose before Buffet finally turns on the chosen one. There is a silver lining to every dark cloud. Not every corporation is good. If GE keeps on it’s course to bankruptcy, the talking Obama anal polyps at MSNBC might join the ranks of the jobless.

  57. Maybe he works at the Seattle PI.
    this is amusing:
    http://www.mynorthwest.com/?nid=11&sid=140939

  58. Never been a massive fan of Jim, but I sure would have liked to see him cut cats up (to prove a point of course). How did Jim ever like Obama anyways?

    Tuco: The link didn’t work for me?

    DJ: I think you are right. It reminds me of the restaurant business. Many times kids would go into a place and order up. When the bill came, they would all slip out. They knew coming in that they couldn’t pay – dine and dash. This is the same. Anyone in their right mind can see that when you rack up a bill as he has, you really have no intention of paying it back.

    I wonder when road blocks will be erected and they will be checking our odometers will start. Papers Please, Sir!

  59. wierd, the link is good. It is the Seattle PI begging for money, and a bunch of very funny comments about this :)

  60. I think Cramer was one of those Democrat capitalists who did not like how Bush ran the economy. I think he believed that Obama was like Clinton and that the left wing rhetoric was for the brain dead masses. President Obama has an Adolf Hitler quality that makes some capitalists delude themselves that he can be controlled and that he really listens to reasonable people.

    Obama makes you think that your input matters. His lack of executive ability is on display by his failures to vet his cabinet properly. He had plenty of time from election to swearing in to get a team in place to fix the economy. I guess planning parties was more important.

    Barak should have been low key and hit the road running. He even had to hold over Bush’s Defense Secretary, because he didn’t have one ready to go. Incompetence vies with corruption in this regime. We are all hostage to the Soviet Central Committee of Barak, Nancy, and Harry.

  61. Oh bah, I never posted the tidbit about Clinton attributing his economic success to deregulation. My apologies.

    The Clinton Presidency: Historic Economic Growth
    Modernizing for the New Economy through Technology and Consensus Deregulation:

    Modernized Financial Services Laws. In 1993, the laws that governed America’s financial service sector were antiquated and anti-competitive. The Clinton-Gore Administration fought to modernize those laws to increase competition in traditional banking, insurance, and securities industries to give consumers and small businesses more choices and lower costs. In 1994, the Clinton-Gore Administration broke another decades-old logjam by allowing banks to branch across state lines in the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. President Clinton fought for and won financial modernization legislation, signing the Gramm-Leach-Bliley Act in November 1999.

    http://clinton5.nara.gov/WH/Accomplishments/eightyears-03.html

  62. konfusing kancer,

    It’s a shame we can’t drag all of the Democratic zombies to look at that. Chris Mathews and the rest of the brain scrubbers have them all chanting, that the financial meltdown was caused by Republican deregulation of the financial sector. I argue with them on other boards. It is written in stone. Never let facts get in the way of a good myth.

  63. Umm, PK, HOW DARE YOU! You can’t use left wing articles to support a non-left wing agenda- Comrade Guy WILL NOT ALLOW IT! Now kindly ask NYD to pull your post and apologize.

  64. DJ,

    Comrade Guy is too afraid of me, for me to worry about him. He either calls people names or posts long strings of gibberish. He is disorganized, even for a liberal.

    I wanted to get back to investments. I may have found some sectors in the economy that are Obama proof or at least Obama resistant. In the resistant sector, restaurants. My family and I were out and about yesterday. We observed a huge line at a mid scale eatery. In the Obama proof case, fire arms. The NRA is one effective lobby, that may protect the gun and ammo industries. The line for folks buying pistols at a local shop was large. These guys still have money.

  65. Bump on that Alan. The firearm business is exploding (no pun intended). I’ve talked to owners who say that there are 2-5x more first-time gun buyers in the last year. This may sound odd, but I hope that this is a glimmer of hope that people are realizing that the government is marching in and one day they may have to defend themselves, their families, or their rights with their newly purchased firearm…. Of course, I hope that we don’t have a bloody revolution, but I hope that the idea of freedom and liberty is starting to become more prominent in peoples’ minds today.

    As for the restaurant sector, I dunno. I know a lot of servers that say that they are hurting. While people may be coming, sometimes in droves, they aren’t tipping as much. I will say that some of the stronger restaurants (read: Olive Garden, Cracker Barrel, etc.) seem to be far from struggling.

  66. konfusing kancer,

    As far as eateries, my position is that folks who have jobs right now, have recovered from the gasoline shocks of pre August 08. Most of the low and mid scale restaurants who are still in business will flourish. I called a bottom in this recession, some weeks back. I did not factor in that Obama would declare war on capitalists. Those of us who did not over borrow, but are watching our stock wealth get murdered daily, have more cash flow than a year ago, because energy prices are down.

    With the annual return of global warming, which seems to happen every spring, we are out in our jalopies spending money. We are still too scared to buy new cars, but we will soon at least have to buy tires and ink cartridges for our puter printers.

  67. It’s amusing how Obamaites were in such a rush to pass stimulus pork bills. The sky was falling. The country was on the edge of an abyss. Legislation so complicated that no one except Pelosi and Reid knew what was in it. There was no time to read the bills.

    Now we are told to calm down and have patience. These are the same clowns who said Bush lied and rushed them in to approving the Iraq war.

    http://www.foxnews.com/politics/first100days/2009/03/08/administration-backers-plead-patience-economic-recovery-efforts/

  68. I want to be a slum lord when I grow up. Best opportunities would deem to be in Detroit.

    http://www.foxnews.com/story/0,2933,506827,00.html

  69. LOL…I just *love* how kiddo keeps mentioning the “Gramm-Leach-Bliley Act”, which was the GOP-sponsored legislation that started the whole mess that we’re in with the financial markets right now (just like I’ve said again & again). You make my job sooo much more easy kiddo…thanks!

    This Act of Congress is widely recognizied now as one of the biggest mistakes of the last 20 years. For example, how did the now strapped Citigroup come into being? It came into being permanently after this Act was passed, when Citibank merged with Travelers Group (an insurance company) and formed a corporation combining banking & insurance underwriting services. This “combined industry” has been known as the financial services industry ever since.

    I also love how kiddo apparently touts the Clinton record of:
    “Americans Benefit from Reduced Debt: Because of fiscal discipline and deficit and debt reduction, it is estimated that a family with a home mortgage of $100,000 might expect to save roughly $2,000 per year in mortgage payments, like a large tax cut.

    Double Digit Growth in Private Investment in Equipment and Software: Lower debt will help maintain strong economic growth and fuel private investments. With government no longer draining resources out of capital markets, private investment in equipment and software averaged 13.3 percent annual growth since 1993, compared to 4.7 percent during 1981 to 1992.”

    It’s a nice contrast from the miserable track record of the last 8 years eh?? I dare say that a lot of what Obama is doing now is simply more of what Clinton had done or would have done if he was allowed to by the GOP Congress that he was unfortunately saddled with at the time.

    “Comrade Guy is too afraid of me”

    LOL…right…I’m sooo afraid of trolls that I don’t feed them…just like they deserve. Keep living in your wild fantasy world there troll…

    “I hope that this is a glimmer of hope that people are realizing that the government is marching in and one day they may have to defend themselves, their families, or their rights with their newly purchased firearm”

    Riiiight, because you really can “effectively” defend yourself against the federal govt. (which is armed with machine guns & armoured vehicles) with a few measly guns…please, this is just more mindless, Right-wing fear-mongering…

  70. Alan, a while ago I found a video on YouTube called, Shock Doctrine (http://www.youtube.com/watch?v=hJKZSpXDmr8). Now, I do not support her conclusion that it is how we get “disaster capitalism.” That opinion is global elitist propaganda at it’s finest.

    However, I do think that the “Shock Doctrine” is real, very real. It is employed by anyone in power to obtain more power. Not being a big fan of Bush I have no problem admitting that I think he used the SD to get us into Iraq, to form the Homeland Security, and to pass the Patriot Act. Not being a fan of Obama, he is using the SD to push through massive bailouts, to expand the power of the Federal Reserve, bought into the private banking sector, and Nationalized some private companies. And I’m sure there is much more to come from Obama.

    What I think is interesting is that we have at least two people in charge that openly admit that they are going to use the Shock Doctrine to do get things done.

    Rahm Emanuel: “You never want a serious crisis to go to waste. And this crisis provides the opportunity for us to do things that you could not do before.” And, “Things that we had postponed for too long, that were long-term, are now immediate and must be dealt with. This crisis provides the opportunity for us to do things that you could not do before.” http://online.wsj.com/article/SB122721278056345271.html

    Biden: “Opportunity presents itself in the middle of a crisis.” http://www.washingtonpost.com/wp-dyn/content/article/2009/02/25/AR2009022501542.html?hpid=topnews

    Obama: “We are at an extraordinary moment that is full of peril but full of possibility, and I think that’s the time you want to be president.” http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/03/07/MNEE16AJT5.DTL

    Hillary Clinton: “Never waste a good crisis … Don’t waste it when it can have a very positive impact on climate change and energy security.” http://in.reuters.com/article/environmentNews/idINTRE5251VN20090306

    All this also kind of reminds me of the video I posted on my blog (http://kylehuwer.wordpress.com/2009/01/20/the-next-12-months/) where the guy says that the people who are trying to obtain more power always tell you before they do it. And it sounds like Obama&Co are telling us pretty plainly that they are going to exploit this crisis for their benefit.

    I could be totally off though.

  71. Alan Scott,

    Could you define “mid scale eatery” please. Here in AZ, well, at least around my job, a lot of sammie shops are closing up, two Quizno’s, a Blimpies and one Subway so far. The burger chains are doing okay, and the quick-sit-down diners are fairing pretty well. Out where I live, we have the usual suspects, Outback, Olive Garden, Red Lobster, etc and they all have waiting lines inxs of 30 minutes each night (well, at least on the nights my wife and I go), so you may be on to something.

    Since unemployment levels haven’t hit the Carter levels yet, I am a bit concerned, since BHO’s “recovery” hasn’t accomplished anything (aside from the 25 jobs in Ohio that is), I fear we have long ways to go before the market finds the bottom. My guess right now is 4000-4300 will be the bottom, I don’t see a bull market for at least 3 years though, I wouldn’t be surprised to see the DJIA at 5800 and unemployment at 12-15% for the 2012 election cycle. Until BHO realizes the Market drives hiring, we are in a world of hurt. That said, as I mentioned above, I don’t believe he is trying to stimulate the economy, I beleive he wants it to tank so he and the Chicago Mob can roll out their version of Marxism.

  72. When they roll out their Marxism, are they going to present it on red carpet? And is Rush going to be invited for the formal ball/ceremony?

  73. konfusing kancer,

    I am not afraid to say I’m a hard core Bush fan. I think that history will vindicate President Bush on the Iraq war. I believe he caved too much on ear marks to both parties in Congress. That may have been the price he paid to keep funding long enough to win the war. I don’t have a problem with you criticizing him. My trouble is with the nut jobs on the left who will lie just to win an argument.

    To compare what Obama is doing economically to what Bush did militarily, I believe that Bush sincerely pursued his choices. Obama is cynically taking advantage of opportunities. I say Bush took out a proven enemy and set an example to dictators that the US is dangerous to mess with, that we will support our friends, that we won’t fold like we did in Somalia, when we take casualties.

    Obama will squander the fear Bush has put in to our enemies. Trading away the East Europe missile shield is beyond appeasement. Sometime under Obama we will take major casualties. Then the whole country will see how he compares with Bush.

  74. DJ,

    I define your usual suspects as mid scale. Here in the Lehigh Valley of Eastern Pa, I suspect it is similar to what you see in your neck of the woods. We may have more pent up demand, perhaps because we are coming off of a colder than normal winter. This last weekend was the first really warm one we’ve had, in like forever. With low gas prices, drivers are out spending money and smashing their cars in to utility poles and each other. First signs of spring.

    To me the gas prices are the difference between now and the Carter years. If people can drive cheap enough, they will be out there spending. Actually the whole deflationary verses inflationary expectations situation is different. There is a natural recovery in consumer spending occurring, which Obama is determined to kill. Me thinks he needs things to stay bad long enough to pass his agenda. Once he gets what he wants, he will have 3 years to fix what he broke.


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