Hope and Change
Better save your change.
It's looking stormy out there. And attempting to tax America into a recovery is going to crater the economy even worse. Hang onto your hats and wallets.
And for the "Blame Bush" crowd that's sure to come out of the woodwork, it's time you "moved on." We don't recall you cutting Bush any slack when he inherited Clinton's recession. This recession is going to become a depression based entirely on Obama's spending a full third of the United States GDP and deficit spending that makes Bush look like a miser:
So much for "living within our means" and "not leaving our grandchildren" to foot the bills. Change - catch the fever.Labels: national politics
posted by SCC at 12:02 AM
85 Comments:
he's a fu*king as8hole... for once, im actually worried about the future with this new plan.
Jeez, six weeks in office and you want instant world peace, too? Cut the guy some slack. And, no, I don't care WHO got elected, I'd still say the same thing.
It took ten years to dig this hole. It'll take more than a month to get out of it.
On the bright side, junior's finally learned there's a reason you should hang onto a car more than two years and maybe you don't need to buy the latest designer jeans every season and dine at the latest foo-foo restaurant on a nightly basis.
SCC, can you please look up the stock market figures when the democrates took office in 2006? I used to have paper in my pocket, now all I have is "CHANGE". Thanks O'bama.
Yeah SCC, as a life long Republican I see more deficit years under the Republican presidential years as opposed to Democratic.
So the Great Depression occurred in the 1930's.
We're already in a depression now. Those that say it's only a deep recession are in denial.
BUY! BUY! BUY!
SELL! SELL! SELL!
CHANGE!!!!!!!!
OH YEAH!!!
WHEN I WAS WORKING MY WIFE BOUGHT
THIS LITTLE PLAQUE THAT HUNG ON THE
WALL TO SEE WHEN I WENT OUT THE DOOR, IT READ.
"I OWE I OWE SO OFF TO WORK I GO"
I BETTER GET SOME PLAQUES FOR MY
GRAND CHILDREN...
GET TO WORK YOU GUYS!!!
AIN'T LIFE GRAND...
This once great nation is finished!
George W. Bush was by no means a Conservative Republican either and his policies of fiscal irresponsibility have spawned horrors.
Ron Paul is now being listened to but it is too late.
The downturn is not close to being finalized, look at the DOW below 6,400 before a bottom is felt.
What did these moderate democrats expect from Obama? Here's a community organizer who might seem cool and level headed, but deep down inside he has a chip on his shoulder. He sounded like a moderate on the campaign trail but he's showing his ultra liberal roots.
He could care less about the financial markets. As long as we have less greenhouse gases the world will be a better place. Since we'll all be living outdoors in a few years when we lose our jobs, we'll have fresh air to breath.
We live in the greatest country in the world. Let's change it.
Pension is gone. All of those political financial advisors the Pension Board has hired are probably clueless. Getting us into those CDOs,CMBS and Credit Default Swaps were totally irresponsible. But will the Board change advisors? No,
old retired guy
We are already in a depression but the United States government wont admit it out of fear what might occur. We've been in a recession over a year and thats a sign of a depression. Another sign is if the unemployment rate hits double digits and with a half a million a month becoming unemployed we probably hit that number already we just aren't being told the actual amount.
NOW GET OUT THERE AND WRITE THOSE MOVERS ON THE UNEMPLOYED.
Dude stick to being the police and not an amateur economist. You are SCC and President Obama is the President! Two different hemispheres!
What part of the rich paying their fair share of taxes instead of Bush's tax cuts for the wealthy don't you understand. Most of the readers of this blog will get a tax break. The trickle down theory has been debunked. The wealthy don't pass their extra money down, they get richer and richer. They don't spend, they save. Middle class spends and the economy gets better. Stop falling for the hype, the wealthy don't need your tears. In fact I believe a good many would rather pay more then watch the entire economy sink lower.
Barry Obama is Jimmy Carter on crack.
The DOW will be down to 5,000 or lower within the next couple of months. Get ready to lose more money.
Yeah SCC, as a life long Republican I see more deficit years under the Republican presidential years as opposed to Democratic.
======
Yeah, because the president runs everything. Try reading the chart when Conservative Republicans had control of Congress. Gingrich and company controlled Clinton's spending and allowed him to claim he showed a surplus in his last years. Congressional "earmarks" pushed for by libs and "big government" conservatives led to the insanity of the final Bush years when Pelosi took control and started spending like drunk sailors.
Dude stick to being the police and not an amateur economist. You are SCC and President Obama is the President! Two different hemispheres!
=========
Except at the ground level, SCC and most of the cops here see the effects of Obama-mania quicker that you might in your ivory tower. It's called "living in reality." You don't need some Ivy League degree to see coffee and milk and gas prices are so unstable as to be meaningless. Or to see that tuition and clothes and that new car you were looking at are unattainable. And lord help you if have an adjustable rate mortgage.
You think the Obama's have been anywhere a grocery store in years? Remember when Mrs. O was making fun of the $600 stimulus check? And last month she was praising the $676 tax cut we'd all be getting? That's the ugly side of the current political situation - complete disconnect from the realities of their policies.
It won’t be long before the holy shit crowd arrives, I really hope they don’t, but reality is going to set in. I don’t know why, but people like a good con, for some reason they like the charismatic gift of BS and promises, even though way back in their mind the flags start popping up. Champaign promises were just what they are, “campaign promises”, it’s just for show, it’s just to win elections, then it’s back to the same old shit, what can I do for me, myself and I. If you can’t do something for those politicians 3 main friends, you really don’t get shit.
So as the huge corporations appear in line over and over again to get their bailouts, and the holy shit crowd shows up and starts asking how did this happen or why did this happen, maybe they’ll be a little bit wiser when the next elections comes along and not listen to the “campaign promises” and just look at their record of accomplishments…
Obama is a white hater, an America hater, and a committed marxist. He and the Democrats aim to destroy America and forge a one world govt. Your freedoms are under assault! The stock market crash is by design. Hitler took over during the unemployment and unrest of 20's era Germany. Obama and the Democrats are engeneering the depression for political power.
Hey you dunbass koolaid drinkers who say the Democrats are for the working man...explain how the working man is helped when their retirement evaporates all because YOUR President opened his mouth, trash talked the economy and wall street reacted with a sell off.
YOU told us this guy is smart, I'll take you at your word, that means he did this on purpose!
How does it feel to have your own guy shove it up your ass?
There is a part of me loving this. All you liberal, white guilt, hand wringers are going to get yours. Gee, it's only been 6 weeks and America already misses Bush, and even I thought Bush was a disaster. I predict that within a year you won't see an Obama sticker anywhere. He'll be the president that "I didn't vote for" LOL suckers!
May 30, 2008-Dow Jones closes at 12,638
June 3 2008-Obama clinches the Democrat Party Nomination--Dow Jones closes at 12,402
November 4, 2008-Obama elected President--Dow Jones closes at 9,625
January 20, 2009-Obama sworn in as President-Dow Jones closes at 7,949
March 2, 2009-The Dow realizes America elected an inexperienced,
socialist, community organizer as its President-Dow Jones closes at 6763
12,638-6763="Hope and change" (net loss 5875)
What's the incentive to achieve and make more money, if all you are going to do is owe more to the government so they can pay for those who don't strive as hard?
Chicago pensions now underfunded by more than 50 %
Bolsheviks and Lenin are reincarnated as Democrats and nobama
If you dumb-ass asses don't know history,,get the movie Dr . Zhivago
The DOW is at it's lowest since 1997, wasn't Clinton in office at the time? The DOW was at it's highest levels of 15,000+ when Bush was in office including after Sept. 11, and now it's in a slide again with the illegal alien Obama in office. Yet if you ask any of the almighty, great and powerful liberal dumbocrats along with the unbiased(lmao) media, it was all Bush and the rest of the republican's fault. Welcome to the rebirth of the socialist state right in this once(yes once, on our way to a third world nation) country. Nostredaumus, the bible and ancient scripture all call for armmegedon in 2012, funny that's the last year in office for the illegal. Load up on the ammo boys and girls, we're in for a bumpy ride.
The other day I stopped a guy in a new lexus,went through a red light. Pulled him over, asked if he saw the red light! He said "officer sorry,I have a company that i am trying to keep all my workers employed,adn i was on the phone trying to get an account,if not i will have to close up shop and lay everyone off"! Wow an honest answer since i stopped writing tickets and encouraging the daley ciminal empire of couse he was let go! On another subject just read todays scum times article daley throws another 5 MILLION away for more propaganda to promote himself! Thought jackie heard the overpaid 190K per yaer plus huge staff and luxury car press girl was to take care of press! Daley as always just blows "our" money!
Anonymous said...
Dude stick to being the police and not an amateur economist. You are SCC and President Obama is the President! Two different hemispheres!
3/03/2009 06:54:00 AM
I'll second that. Stay in your hemisphere.
There has to be more pertinent law enforcement topics for coppers to discuss.
These posts just invite "outsiders" to weigh in with non-police political venom.
For the last time President Bush was not Conservative. If he had been he wouldn't have spent like a drunken sailor and reined in the mortgage fraud.
He was aces in the foreign policy GWOT arena, but, domestic agenda not so much.
(OT) http://drudgereport.com/flashro.htm,
looks like on the drugereport.com obama wants russia to stop iran from nuke,but obama will give up our security via missle shield for this! russia wants us to give up shield but will not "haggle" with iran! hope obama is not stupid and does not accept this!
The stock market has NO faith in any of Obama's plan. They are great ideas, but they never give us the details. Wall Street is terrified of the mortgage bailout. Sure it is for those who are trying to stay in their homes, but what is the criteria for who gets the money. No one knows! And let's look at the banks. We have thrown billions at them and they still aren't lending the money out to individuals. Where is the oversight? These are things that are scaring Wall Street. And if we don't invest, we can't produce, we don't spend, the economy gets worst. Let's face it, Obama has NOT surrounded himself with the best and brightest. He has, like every previous politician, taken friends and people he has owed to be put in key positions. The only change so far has been the players. There has been nothing to show a change in policy and direction. And in the menatime, China is buying foreclosed properties by the hundreds, sitting back waiting for the rebound, while we sit and be led to the slaughter like sheep. You figure out who is the leader!
President Obama is out of his fricking mind!
For him to hand off the formulation of his budget to Pelosi and Reid was INSANE!
What kind of leadership was that? They are doing the exact same thing that got us in to this mess. That is, spending like a drunken salior.
The President should have been kicking the asses of both sides of the aisle to come to a real world solution to the situation we are in.
Insted, he played the game that he was above it all. He did not lead.
To those that say, "Hey we won. We get to spend now." Screw you.
When you divorce from your spouse and you take control of the family purse-strings as head of the family, you don't spend like crazy just when your income drops by half because you seperated from a spend-thrift spouse. At least, you don't if you want to stay solvent and you give a care about your kids.
Fact is, as far as the last eight years is concerned, both parties and former president Bush were collossal failures.
Politicians giving money to politicians is not the solution. We know how that goes.
Where you and I spend a dollar, 100% of it is injected directly in to the economy. When the government spends a dollar, we are lucky if 50% of that dollar is injected in to the economy with the effects of waste, inifficiency and graft.
Politicians could have far better stimulated the economy by givng tax payers a six month tax holiday or sending each taxpayer $37,000 ( The roughly 4 Trillion recovery plan dollars divided by the roughly 108 million U.S. taxpayers).
Lastly, how can the roughly 10% of mortgage failures tank our economy? We are being lied to about what has sucked the cash out of our economy.
Buck Naked
(not a cop)
SCC, toss the old revisionist politicos out the window with the bath water. Let's bring In with the new Republican visionaries, Newt and Rush (not Bobby) in 2012!
To all you pro Obama clowns:
1. Why is Obama beyond critique? When people were all over President Bush, no one was asking for silence.
2. As I posted before, Obama has proposed more spending in 6 weeks than all other 43 Presidents .....COMBINED! Is that not alarming?
3. Over Tax the rich? They will just move their money and business elsewhere. They already pay the overwhelming majorit of taxes. They also create the jobs that fyeo the rat of the tax base. Tax cuts for business is a proven stimulus.
4. To the dummies who take him at face value, obama said what he had to so he could be elected. He has been a jaded radical all his life, he is not a centerist. He will do and say whatever he has to get his ultra liberal agenda in place. I have no doubt that he thinks he is doing the right thing, however he is wrong. America isn't evil and we font need to rewrite the Constitution. History has proven the capitalism works and socialism does not.
This IS his plan.
I don't care WHO got elected, I'd still say the same thing.
YAAAAAA B.S.!!
"For the first time in my adult lifetime, I’m really proud of my country."
What part of the rich paying their fair share of taxes instead of Bush's tax cuts for the wealthy don't you understand. Most of the readers of this blog will get a tax break. The trickle down theory has been debunked. The wealthy don't pass their extra money down, they get richer and richer. They don't spend, they save. Middle class spends and the economy gets better. Stop falling for the hype, the wealthy don't need your tears. In fact I believe a good many would rather pay more then watch the entire economy sink lower.
3/03/2009 07:08:00 AM
Please spare us all from your all too common liberal "hype" reply to a Republican tax cut. Fact of the matter is, the more you pay in taxes, the more money you get back when taxes are cut.
Additionally, I by no means believe Bush was a good President, but his administration did warn Barney Frank and the rest of the liberal's in Congress about an impending recession unless something was done about the adjustable mortgage rates and all Frank and the Libs did was laugh and pay them no mind. Of course, when the forecast became reality, Frank and the Libs blamed Bush.
And they'll blame Bush too when Obama's policies fail. Bush is too easy a scape goat.
Great article at bloomberg about CTA pension fund.
Bloomberg.com for all you non business types.
old retired guy
I am not an Obama fan, but I am willing to at least wait to see the "cuts" before I pass judgement.
What the government gives to Joe as "Stimulus" it ultimately gets back. For example, the government (meaning you) gives Joe money. Joe pays tax on that money. Joe buys a TV. Joe pays sales tax on the TV. The TV salesman gets a commission. He pays tax on the commission. He buys a TV. And so on.
The problem is the amount that goes over seas. That money the government doesn't get back. The chinaman who makes the TV gets his cut, but that's insignificant. The real loss comes when the government issues bonds to pay for the Stimulus, so it doesn't have to print more money and create inflation.
The problem is that China is buying the largest percentage of American bonds. The government pays interest on those bonds. That money we don't get back.
Now, the amount of bonds China can buy is almost at its peak. There's only so much money they can keep tied up in US Bonds, when they have their own money problems. And, if our two economies weren't so closely tied together, China could try to sell those Bonds, which couldn't possibly be paid, and destroy the United States' economy.
Obama can't possibly make up this deficit with tax hikes in a miserable economy. So, unless Obama plans to ruin America under huge inflation, he is going to have to cut giant government programs, like Medicare, Social Security, and Welfare.
If he does that, the country will be better off in the long run. If he doesn't, we're finished.
currently 40 percent of all households pay no income tax. under obamas plan 50 percent will pay no taxes. 4 years from now the deficit will increase by 5 trillion dollars if his plan doesn't work. i don't gamble with my money, so why should he. obama is turning into just another politician. =======>-------
The Obama Economy: As the Dow keeps dropping, the President is running out of people to blame.
http://www.freerepublic.com/focus/f-news/2198181/posts
"Dude stick to being the police and not an amateur economist. You are SCC and President Obama is the President! Two different hemispheres!"
And U-R a moron homeboy.
B.O. is the amateur not SCC!
Remember folks, that trading in the upper 10's and greater, were the result of the market putting unattainable growth expectations on the participating companies. This intense pressure to out-do itself caused the market to blow up at the cost of the entire market now falling back to its usual levels of operation.
The very same thing happened in Japan and we warned them that the consiquences could be catastrophic; and they were. We seem to think that we can manipulate the laws and pricipals of economics but we can't and now we reap what we sow.
Nice job greed, you've won again!
Riddle me this Fatman, if no one buys the stocks, how can you sell them? The Man controls the money and money is broke.
We shouldn't fear the inevitable, you should be pissed as hell! Our system has failed us and we just sit back and say, "Man, that stinks." Pussies! We've become a country of fat, complacent, dependent little marshmellows and accept whatever OUR government throws at US.
These asshats are supposed to work for us. Of the people, by the people, for the people. Instead, they simply line their pockets, fufill their needs, push their agendas and all with OUR money!
Wake up peoeple! Remove the blinders, take off those damned Ipods, get your head out of your ass and make some noise! We're about to destroy one of the greatest nations in the history of our planet. And we're doing it willing.
Wake up people of change have you listened to the truth lately...Rush Limbaugh tells it like it is!!
Obama helped create this problem with all the money he took from Freddie Mac and Fannie Mae. The Democrats were masterful at blaming this debacle on the Republicans. They pushed the lie of Republican blame so many times that the gullible and uninformed believed it.
That's the ugly side of the current political situation - complete disconnect from the realities of their policies.
Unfortunately for America, McCain/Palin didn't make it to the White House, so we'll never know the impact their policies would have had on the current depression. Experiencing a new and improved spin on King George II's complete connect with la la land would have been a refreshing change. Yeah, right.
That's the ugly side of the political commentary on SCC - a complete disconnect from the realities of DECADES of failed Republickin' and Demorat policies. Both parties draw water from the same rancid well of lobbyists and special interest groups. Even an idiot such as myself can see what the past 60 years of wealth-centric economic policy has wrought for America. Trickle-down economics my ass -- King George the First was right about Reagan's "voodoo economics," but greed conquers all in the end, and we're headed for a huge defeat. Time to start buying canned goods and plenty of ammo.
Rush Fatass wants Obama, but not America of course, to fail? Nice of him to draw that distinction. If Obama AND America succeeded, he'd be out of a job, and no one wants that.
And how can a speculative scumbag spokesman such as Santelli have the balls stand amongst the CBOT leeches and lecture America about how he doesn't want to be the one to pay for his neighbor's extra bathroom when his ilk, and their ill-gotten gains, are why this country is in the mess it is today? He'd be happier if everything took a swirl down the crapper, then he and his bottom-feeder friends could buy up everything for one cent on the $100,000, and 99.999% of America would be owned by .000001% of Americans. These fucks create by destroying, but that's what their America's been about since the beginning. Their idea of getting something for nothing is no better than the multi-generational welfare whores.
And at the end of the day, our pensions will be gone and we'll have no one to blame but ourselves.
Semper Fidelis!
Dude stick to being the police and not an amateur economist. You are SCC and President Obama is the President! Two different hemispheres!
3/03/2009 06:54:00 AM
I see the Liberal trolls are working this blog hard. Unfortunately, we're on track towards a soft tyranny. Obama and the rest of the democrats are quickly trying to change our country into their socialist utopia. Can government run your life better then you? I believe that God gave us the chance to achieve Life, Liberty and the oppurtunity of Happiness. In 2010, we must take our country back or we doom our children and grandchildren to a life of misery.
Anonymous said...
Dude stick to being the police and not an amateur economist. You are SCC and President Obama is the President! Two different hemispheres!
3/03/2009 06:54:00 AM
Hey dummy! I have an Economics degree. One thing I learned - Economics is all theory and ALL economists are amateurs. There is no such thing as a "professional" economist.
As for you, "dude," put your obama T-shirt on, pull your white socks up over your knees, wear your sandals, mince over to the store and get your monthly copy of Muscle, and dream about someday being able to move out of your aunt's basement!
"On the bright side, junior's finally learned there's a reason you should hang onto a car more than two years and maybe you don't need to buy the latest designer jeans every season and dine at the latest foo-foo restaurant on a nightly basis.
3/03/2009 12:49:00 AM"
Yep, youth is generally wasted on the young.
Every few generations, it's necessary, for the good of the species, to experience true hardship.
My parents were born during the Great Depression and grew up during the WWII years.
Their parents were born around the turn of the last century and grew up during the WWI years, when indoor plumbing, electric service, natural gas heating, air conditioning, the refrigerating of food products and motor vehicles were not commonly enjoyed by most of our country's citizens. No airplanes, either.
A little studying of history will reveal that the past few generations of our citizens have had it good, really, really good, compared to how bad it has been and can still be.
The percentage of our citizens who experienced the direct connection between the growing of food and the eating of it has continually decreased, to the point where few understand how tenuous a thing eating regularly can be.
Most think of the necessities of life being acquired only via the exchange of money for goods.
Few think of the source of those goods.
Very few.
If our educational systems continue to refuse to teach our children about the basic realities of living, reality will inevitably do the teaching, the hard way.
Better to teach a man to fish, than to give a man a fish.
A bit O.T; but has anybody heard about an off-duty Coppers picketing-protest at the St. Patricks Day Parade, against Shortshanks, and the DemocRAT Pols Marching in the Parade? How about anything on the So. Side Irish Parade? I've heard some rumors. Please post if anyone has anything further.
Just wait until his energy bill hits the economy. The gas at the pump federal tax price alone will be $1.47. Change you can believe in. Besides if the market tanks then it opens the door for more government take over. Socialism is upon us and we got it by fear of the race card, enjoy.
You democrats will try but you can't keep blaming Bush forever.
Obama the Messiah will lay jand upon our sick economy and behold our salvation will be at hand.
With a wave of his mighty staff...
the printing presses will roar creating more money than every before.
It shall roll as a powerful green river cascading our troubles away as it flows into the coffers of CEOs, the Chinese and the Daley Crime Family.
Don't be fooled by those "middle clcass tax cuts" and the "extra $13 each week in your paycheck". The Prez has changed the withholding tables to give us more in our checks, but when it comes time to pay the takes next year, the tax tables haven't been changed and we will in fact be paying more since we have more takehome pay. Thanks Mr. Change-We-Can-Believe-In!
You think this is bad ? Check out the terrorism sit rep in this months soldier of fortune magazine: "U.S.ARMY INTEL CAUTIONS U.S.: "Prepare for violence as poverty and homelessness skyrocket with the impending economic collapse."
IMF ECHOES THE WARNING that "if the global economy continues its landslide,hostility will be pervasive. DOD has plans to deploy 20,000 troops nationwide by 2011 to quash civil unrest." I think im going out to buy more shotgun shells and 9mm this weekend...
The worse it gets, the better it gets for them. I'm starting to think that these are hard-core Bolsheviks, not just run of the mill lefties.
If you make over $70,000, you are a class enemy. Your sole function in all this will be to pay.
In the first 42 days of his term, the approximate drop in market value, as reflected by the Wilshire 5000, is $1.2 trillion.
Compare to past President's first 50 days....
Reagan 1
-0.7%
Reagan2
3.9%
Bush 41
3.3%
Clinton 1
4.4%
Clinton 2
3.2%
Bush 43 1
-4.0%
Bush 43 2
2.6%
Obama
-13.1%
: 42 days
Dude stick to being the police and not an amateur economist. You are SCC and President Obama is the President! Two different hemispheres!
Hey kid, not really that different, we deal with bullshit all day, the Pres is full of it.
I'd say that is in the same hemisphere... dude.
I was pro-jody, then pro-bama, now i'm pro-babley going broke.
Why is it every time Obama opens his mouth on TV the Stock Market loses another 1000 points.
They should have taken all that stimulis cash and gave $15.000 to every working class U.S. citizen that has held a job and PAID INCOME taxes for the last two years.
The only catch being you must save $7.000 in a bank for two years and spend the rest. This way every citizen would have at least $7.000 in savings which would bail out the banks today and give them the money to loan to others. It would also bail out all of the Businesses in a matter of weeks instead of years.
The only exeption being you can use the whole $15.000 to buy a home or refinance your mortgage or buy a new U.S. made car.
Fuck giving all this money to the banks and corps. who just hand it over to the stock holders on the tax payers dime.
This plan would turn things around within a matter of weeks not in the next 5 years.
Can you imagine what would happen if every one in your heighborhood had 7000 dollars to spend at the local businesses? New businesses would be poping up all over the place, every one would be hiring. Every one on the block would be driving a new car. There would be no more forclosed houses. And every bank in the area would be stuffed with cash that in turn could be used by them to make loans and invest.
Now there is an economic stimulus package that would work now, not 5 years from now.
30 days after the checks arrive.
Banking problem, Fixed!
Housing problem, Fixed!
U.S Auto Companies, Fixed!
Unemploymet Prob. Fixed!
U.S. Economy, Fixed!
Stock market, Fixed!
Millions of Citizens working and paying income taxes, Govenment Deficet, FIXED!!!
EVERYBODY FUCKEN HAPPY!!!!
The only way this countries economy will work is if the people have money to spend, not by the Government buying up all the banks and major corprations.
Remember the Soviet Union did that for the last 100 years. It did not work for them! They took 50% or more from every one and owned every thing! We are on our way to becomming the USSA! (United States of Socialist America)
Anonymous said...
SCC, can you please look up the stock market figures when the democrates took office in 2006? I used to have paper in my pocket, now all I have is "CHANGE". Thanks O'bama.
3/03/2009 01:05:00 AM
Dow was 11,000 in jan 06
Anonymous said...
What part of the rich paying their fair share of taxes instead of Bush's tax cuts for the wealthy don't you understand. Most of the readers of this blog will get a tax break. The trickle down theory has been debunked. The wealthy don't pass their extra money down, they get richer and richer. They don't spend, they save. Middle class spends and the economy gets better. Stop falling for the hype, the wealthy don't need your tears. In fact I believe a good many would rather pay more then watch the entire economy sink lower.
3/03/2009 07:08:00 AM
I'm moving in with a wealthy family. I hope they move out soon.
Wake up, it was in the works for years, both sides sold us out.Its about jobs - real jobs as in manufacturing a product (cars washing machines TV's etc) the factories are gone, the future of this once great country is in peril. It took a combined effort from both parties to put us in such a dire condition. We will look back with envy of what the middle class once had. Hope to God I'm wrong but I see 3 classes in America, the rich, the poor and the working poor, where do you think the Chicago police officer will be? Officers have never had to work so many side jobs, spouse working too.
Are there any campaign promises that HAVEN'T been broken yet or is just my imagination?
"He was aces in the foreign policy GWOT arena, but, domestic agenda not so much.
3/03/2009 09:08:00 AM"
WHERE YOU COME UP W/THAT CRAPOLA?
INDIA& PAKISTAN ARE MINUTES AWAY FROM THROWING NUKES @ EACH OTHER, IRAN IS NUKE CAPAABLE, NORTH KOREA IS RAMPING THEIR PROGRAM UP, RUSSIA IS STRONG AS EVER, PRESSURED KYRGISTAN TO REMOVE
OUR AIR BASE. THER REST OF THE WORLD GIVES US THE PROVERBIAL FINGER. CHINA OWNS OUR ASS 12 TIMES OVER. ACES ALRIGHT
A citizen troller says I don't care which party you blame. I dislike all politicians, especially Democrats. The thing that pisses me off the most is we were told things would be better once this idiot was elected. But they are not. They are going from bad to worse even faster now. Of course those of us who know The Mythical One's track record know O doesn't stand for Obama or Oprah. It means nothing in the way of accomplishment in state government and as a Senator.
These fucks create by destroying, but that's what their America's been about since the beginning. Their idea of getting something for nothing is no better than the multi-generational welfare whores.
-----------------------------------
Poorly put, you punk! America has always been about the FREEDOM to make it on your OWN. Sorry, but everyone is created equal, but after creation brains and luck divide us all. I'm not mad at those more successful than I, in fact I am glad that I have the opportunity to succeed (or fail). Taxing the shit out of the rich is just punishment for success, brains and luck. Under the Obama plan, he and his cronies will be the only ones with wealth or power. The trader is 100% correct. I don't want to pay the mortgage of some mutt who strong armed the (evil) banks with the help of BHO and ACORN and couldn't meet his obligation.Socialism doesn't work because there is no incentive to work hard and succeed. God bless the rich, I'll let them keep what they make if I can keep mine!
"You think the Obamas have been anywhere a grocery store in years? Remember when Mrs. O was making fun of the $600 stimulus check? And last month she was praising the $676 tax cut we'd all be getting? That's the ugly side of the current political situation - complete disconnect from the realities of their policies."
--3/03/2009 07:34:00 AM
Michelle Obama was paid over $300,000 a year to know exactly what she was doing. Here's an example --
March 02, 2009
Michelle Obama's Patient-Dumping Scheme
By David Catron
"The University of Chicago Medical Center has received a good deal of justly opprobrious press over its policy of 'redirecting' low-income patients to community hospitals while reserving its own beds for well-heeled patients requiring highly profitable procedures. Substantial coverage was given to a recent indictment of the program by the American College of Emergency Physicians. ACEP's president, Dr. Nick Jouriles, released a statement suggesting that the initiative comes "dangerously close to ‘patient dumping,' a practice made illegal by the Emergency Medical Labor and Treatment Act, and reflected an effort to ‘cherry pick' wealthy patients over poor."
"Oddly absent from most of the unflattering press coverage of UCMC's patient-dumping scheme is any mention of the role our new First Lady played in devising the program. A laudable exception has been the Chicago Sun-Times, which reported last August that 'Michelle Obama -- currently on unpaid leave from her $317,000-a-year job as a vice president of the prestigious hospital -- helped create the program.
'The program was so successful in getting rid of unwanted patients that she expanded it, gave it a new name, and hired none other than David Axelrod to sell the program to the public. According to the Sun-Times, 'Obama's wife and Valerie Jarrett, an Obama friend and adviser who chairs the medical center's board, backed the Axelrod firm's hiring.' Axelrod helped the future First Lady formulate a public relations campaign in which the "Urban Health Initiative" was represented as a boon to the community actuated by the purest of altruistic motives."
http://www.americanthinker.com/
2009/03/michelle_obamas_
patientdumping_1.html
As one copper here said following the post-election rioting, "Obama ain't gonna give Joe shit." The Obamas are rich, cosmopolitan elitists. Their precious University of Chicago always did hate the surrounding community -- remember "urban renewal?" Expect more of the same attitude. Just like last time, many people won't get the next "stimulus check" because they're too poor to qualify...
By the way...has anyone else noticed how Tiger Woods has reappeared on the scene just exactly now, just as the Obamas are settling into the White House?
Something instinctively tells me that his long "vacation" may have been due to the fact that two of that "type" -- the President is the one who's referred to himself as a "mutt" -- on the national stage at once might have been a distraction to the business at hand...
"Junior's finally learned there's a reason you should hang onto a car more than two years and maybe you don't need to buy the latest designer jeans every season and dine at the latest foo-foo restaurant on a nightly basis."
--3/03/2009 12:49:00 AM
But...but...jeez, guy! That's "consumer spending!" That's the whole economy you just wiped off the board there!
Oops...
"Dude stick to being the police and not an amateur economist. You are SCC and President Obama is the President! Two different hemispheres!"
--3/03/2009 06:54:00 AM
You are speaking to a citizen, a voter, and a taxpayer. SCC has the right to say anything he wishes about how his hard-earned money is spent.
Shut the fuck up, you asskissing little lapdog running behind authority, hoping that some of the smell rubs off on you. Poor excuse for an American.
It's not like you have anything to worry about -- Obama ain't gonna give you shit either. Sit down on the curb, take another hit and pass those "hemispheres" to your buddy, "Dude."
I hate it when they miss the exit for Oak Park and turn off here instead.
*
currently 40 percent of all households pay no income tax. under obamas plan 50 percent will pay no taxes. 4 years from now the deficit will increase by 5 trillion dollars if his plan doesn't work. i don't gamble with my money, so why should he. obama is turning into just another politician. =======>-------
3/03/2009 11:17:00 AM
________________________________
CITE your sources for these numbers, please. I'd be interested in seeing them.
"The percentage of our citizens who experienced the direct connection between the growing of food and the eating of it has continually decreased, to the point where few understand how tenuous a thing eating regularly can be."
I think that in 1900, 50% of the population was involved in agriculture. Today, it's something like 3%.
The other day, the garlic I looked at in the store was from CHINA. Huge, uniform, perfect, to the point it looked like it was cloned and raised on something weird. I put it back and bought some California garlic from a small outfit...
"Most think of the necessities of life being acquired only via the exchange of money for goods.
"Few think of the source of those goods."
--3/03/2009 02:32:00 PM
See if you can dig up a copy of the Illinois Manufacturers' Directory from the 1950s. Annals of a destroyed civilization.
Talk about interlocking, mutually-supportive industrial might, with one company buying screws from another to make the mops it sells to the other plant...all gone now.
We are running on the fumes of those times; the Baby Boomers' 401Ks and portfolios are being looted like mad now. The current generation has a net negative savings rate; don't expect any rabbits to be pulled out of hats here to save the country. As you'll note in the file footage used on every TV news report now, the printing press endlessly running day and night is the only solution they can see...Schwarzenegger is going to save Cali without touching a hair on the head of a single resource-consuming illegal alien. Bet on it!
Wake up people of change have you listened to the truth lately...Rush Limbaugh tells it like it is!!
3/03/2009 12:45:00 PM
__________________________________
Rush could benefit from prozac.
Anonymous said...
Wake up people of change have you listened to the truth lately...Rush Limbaugh tells it like it is!!
3/03/2009 12:45:00 PM
__________________________________
Rush could benefit from prozac.
3/03/2009 11:17:00 PM
Rush is the best the only leader "we can believe in"!
11:11 pm--CITE YOUR SOURCES-- heard it on meet the press sunday-- had a republican slant but seemed to make some sense.
This is a good video abot money and debt. Let us all learn some thing and we can know what it is we are talking about.
http://tinyurl.com/27jppm
Give the guy a break! I mean he has no experience! Hes never even written a bill! Geez you guys are tough to please! Oh yeah he also comes from the Harvard of Political school! Sickago Il! LOL YOU DUMBASS LIBERAL SCUM!! YOU GOTTA CHANGE ALRIGHT!! LOL Welcome to crook county at the Federal level! SUCKAS!!
Michelle Obama said...
"For the first time in my adult lifetime, I’m really proud of my country."
3/03/2009 10:22:0
xxxxxxxxxxxxxxx
Exactly!!Hello, didn't anybody notice when she said that??
"God bless the rich, I'll let them keep what they make if I can keep mine!
3/03/2009 10:19:00 PM"
Spoken like a true believer in "self".
And may God bless your soulless cadaver.
Re: Hyperinflation. It might not be the case. I cannot do it total justice, but if you have a lot of time, look at the battle between Mike Shedlock “Mish” v. Peter Schiff. They have been back and forth on the deflation v. inflation battle.
Right now we are in a deflationary death spiral. Think real estate, Dow, US Treasuries. Ben Bernanke’s worst enemy is deflation. The Fed and the US Tres Dept are at wits end trying to “re-flate” the system, but it is not taking. Look at their complaint that the banks are not using TARP money to create new loans. Look at the spike in US savings rate. The consumer is toast and is hunkering down. Yet, the banks are tight fisted with the bailout money. Why? Because they are insolvant! The bailout money is sitting in the case that the consumer/depositors go deep underground demanding their cash back.
The Fed and Tres don’t get it. They want another asset bubble to lift consumer spending and the GDP. Not going happen for a long time. Money has been flying out the risky stocks into safe US Tres notes. However, there is a bubble forming there now. If the money freaks out (don’t ask me how or why) and pulls out of the Tres notes it will not be going back to the stock market, it will go to cold hard cash in hand.
This flight to the safety of cold cash will cause depositors to demand their money out of the banks. Bec the banks were leveraged 30:1 during the housing bubble, they don’t have it. That is where your bail out tax money went to. The banks stopped loaning and are hoarding the baliout dough just waiting for the runs to begin. And they will. The first few depositors that ask for their cash will just be getting their tax dollars back!
The Johnny-come-latelies will get nothing. The FDIC is so poorly funded, they will not get their $100,000. This will cause MASSIVE civil unrest, to say the least. This is The Event Horizon. This is when deflation will shift to inflation. The Fed and Tres will try to correct by printing $100g’s for every stiffed depositor to try to make right. Those who never even had a deposit will flip out screaming discrimination and demand $100g’s also or else. The Fed will cave due to further civil unrest, and will print $100g’s for every American, legal or not.
There are two very large problems at this point. Number one, how long has the deflationary death spiral lasted? If it goes on for too long the GDP will be greatly reduced and American production will be minimal. Imagine nearly every factory shut down and moth-balled. The issue is the length of time our production ability needs to ramp up.
The Second major issue will be how long the athorities allow the civil unrest to persist. The longer it persists, the longer it takes for the angry populace to become docile consumers again. The printing of money directly to the populace and the reduced production abiliies of this country will be the hyperinfaltion rocket ship. And it will only cause a further civl unrest spiral.
IMHO, this or something like this is the senario that Bush’s Tres Sec Hank Paulson spelled out to Nancy Pelosi on his knees. Pelosi obviously did not take him seriously.
Hope ya’all have a good day!
"Bet on it!
3/03/2009 11:17:00 PM"
When a society deliberately, or negligently, allows the dumbing down of it's next generations, that society creates the means of it's own failures.
Lazy bodies grow fat, diseased and prematurely dead.
Lazy brains just accelerate the process.
The natural law of 'survival of the fittest' applies to both the body and the brain, with, relevant to the human species, the brain being more important than the body.
Those in society who, effectively, discourage thinking and encourage submissive and unquestioned compliance, are committing species suicide.
"Hope ya’all have a good day!
3/04/2009 10:47:00 AM"
The factories, (means of producing goods) shut down because of what?
Presuming that the means of production exist and are fully functional, what prevents the people from continuing to produce goods and provide services?
Could it be the people's zombie like adherence to the failing system of representative exchange of said goods and services, ie., our current monetary system?
And the people's current acceptance of the principles of ownership and absolute control of said means of production?
http://www.nakedcapitalism.com/2009/03/fdic-insurance-fund-may-run-dry-this.html
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