Posted on 03/13/2009 4:07:40 AM PDT by tobyhill
Is see now that Orwell's warning about the left in power should have been titled “2009”. This “blame Goodstein (Bush)” garbage, along with a constant rewrite of history that just happened, and the Obamazoids continued swallowing of and defending said garbage is right out of the story.
You're absolutely right.
I believe another thing that’s making him change his tune is the accusation of “socialism”.
For some reason, that REALLY bothers him. As bad as comments on his ears.
Hey, Jug Ears! You’re a socialist! Nay, a Communist! A Fascist!
Derivative markets .... an understandable explanation:
Heidi is the proprietor of a bar in Detroit . In order to increase sales, she
decides to allow her loyal customers - most of whom are unemployed
alcoholics - to drink now but pay later. She keeps track of the drinks
consumed on a ledger (thereby granting the customers loans).
Word gets around about Heidi’s drink now pay later marketing strategy
and as a result, increasing numbers of customers flood into Heidi’s bar
and soon she has the largest sale volume for any bar in Detroit .
By providing her customers’ freedom from immediate payment demands,
Heidi gets no resistence when she substantially increases her prices for
wine and beer, the most consumed beverages. Her sales volume increases
massively.
A young and dynamic vice-president at the local bank recognizes these
customer debts as valuable future assets and increases Heidi’s
borrowing limit.
He sees no reason for undue concern since he has the debts of the
alcoholics as collateral. At the bank’s corporate headquarters, expert
traders transform these customer loans into DRINKBONDS, ALKIBONDS
and PUKEBONDS. These securities are then traded on security markets
worldwide. Niave investors don’t really understand the securities being sold
to them as AAA secured bonds are really the debts of unemployed alcoholics.
Nevertheless, their prices continuously climb, and the securities become
the top-selling items for some of the nation’s leading brokerage houses.
One day, although the bond prices are still climbing, a risk manager at the
bank (subsequently fired due his negativity), decides that the time has come
to demand payment on the debts incurred by the drinkers at Heidi’s bar.
Heidi demands payment from her alcoholic patrons, but being unemployed
they they cannot pay back their drinking debts. Therefore, Heidi cannot
fulfil lher loan obligations and claims bankruptcy.
DRINKBOND and ALKIBOND drop in price by 90 %. PUKEBOND performs
better, stabilizing in price after dropping by 80 %. The decreased bond asset
value destroys the banks liquidity and prevents it from issuing new loans.
The suppliers of Heidi’s bar, having granted her generous payment extentions
and having invested in the securities are faced with writing off her debt and
losing over 80% on her bonds. Her wine supplier claims bankruptcy, her beer
supplier is taken over by a competitor, who immediately closes the local plant
and lays off 50 workers.
The bank and brokerage houses are saved by the Government following
dramatic round-the-clock negotiations by leaders from both political parties. The
funds required for this bailout are obtained by a tax levied on employed
middle-class non-drinkers.
Finally an explanation I understand ....
What about the “crisis,” and what about the “catastrophe?”
I’m confused, Mr. Obama.
Now, it's the "man-child who cries wolf."
But..But...I thought we were told that 4.7% unemployment when Bush was president was “the worst economy ever”...
So that’s it? Six months and several trillion dollars is all it took to make this guy “the one.”
Doubletalk, this guy is schizoid..or thinks we are..
Good if all is well, stop spending the stimulus and lets be happy again..whew...
MSM so in love with the man. Isn’t he wonderful, giving us confidence. AAACCCCCCCCKKKKKKKKK
And it’s a comforting thing that Geithner isn’t comfortable when speaking to the country.
More AAAAACCCCCCCCKKKKKKK
They’re all Chris Matthews now.
Thanks- I’ll steal that.
That’s a great version.
Add
Heidi’s Democratic President mandated that she to serve unpaid for drinks to the unemployed alcoholics in the first place but things took off so fantastically she didn’t complain afterwards.
And
The Alcoholics used their unpaid bills (to show they are credit worthy) from Heidi’s to get a start a tab at Andy’s Bar down the street. Andy was so impressed with their credit line that he not only served them drinks but gave them cold hard cash also to buy cars, plasma T.V.s, and take vacations.
That’s good. Can I use it?
I like that quote of his: “I’m not interested in expanding government.” This clown can’t stop himself from lying. Yes, yes you are interested in expanding government. You also stated that we can’t go back to those awful boom and bust days when Americans were living in hovels or in small holes in the ground. Come on, admit it. You’re a socialist. You’d like to take over everything. Just be honest about it, and quit the lying.
So Armageddon isn't on the immediate horizon?
Great, let's cancel Porkulus then.
I’ll bet you he would buy some tulip bulbs, real cheap.
Not to defend Clinton, but Slick Willy was not an ideologue, he was an opportunist. He'd say or do whatever was most politically convenient. Deep down he probably knew liberalism/leftist was a gigantic fraud. The Great Spreader, however, is a committed, leftist ideologue.
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