Posted on 12/13/2008 5:05:04 AM PST by TigerLikesRooster
Ping!
‘“Free Market System Blamed and Socialist Solutions Offered”
This has not yet happened, but just wait.’
What?!? What the HECK are the $7 TRILLION in bailouts if not a “socialist solution”? The government won’t even tell us where $2 TRILLION in loans went!
The shameful thing is this enormous ‘transfer of wealth’ with virtually no oversight or approval. I’d be very grateful if someone who understands more of the details would tell me how much real inflationary pressure the bailouts have put on the economy. Inflation is a way of robbing everyone with savings. I understand we’re not looking at any kind of classic inflationary pressure _at the moment_.
At any rate, this has at least limited the damage 0bama can do in some areas. It also gives him big ammunition for things like cutting military programs. :-/
“It also gives him big ammunition for things like cutting military programs.”
Yea - but that’s happening anyway. The interesting part is when the cuts come home to rooooooooost, and thousands of soldiers lose their lives...then he’ll have to answer.
And the sound of the ca-ca hitting the fan pierces the night.
Santa Claus rally.
Keep your cash dry. Don’t fire until you see the lows of their buys.
Not sure how that's going to happen when Obama will start bringing them home. I wonder what he's going to do about our soldiers deployed in Korea and other parts of the world? Will he eliminate bases in foreign countries so our carrier groups will have to operate strictly from the U.S. and take days to respond to attacks world wide?
There are many references in this article to “Nov. 21, 2007”.
What the heck happened on Nov 21, 2007?
I want a big piece of pie. 0be says I’ll be gettin’ a hugh piece of pie. Where’s my pie?
According to classical Dow theory, the primary bearish trend change finally occurred on November 21, 2007 and I reported that to my subscribers that night. It was at that time that the "stock market barometer," according to William Peter Hamilton, first forecasted "stormy economic conditions."
More thanks to Frank & Dodd.
We gotta be patient for the pie since The Man won't even let the Pied Piper into Blair House yet.
Being a Christian, gun-owning, conservative, hetero, caucasian male, I am certain that any pie Chicago's 12th Imam is able to serve me is going to be the type found wherever cattle are kept, and I'm not likely to be lucky enough for just a "thin slice" of it, either. Just when I thought the cooking out of DC couldn't get any worse than it already had been the last two years...
"Greed is Purged from the System"
If there is still an FR around when this happens anywhere - under any form of government or lack thereof - somebody please ping me, and I will bring the pie.
Mr. niteowl77
“and thousands of soldiers lose their lives”
Yes, but by then, the people who know how to use weapons well will largely be unarmed, dead or incarcerated. Or will have gone ‘missing.’
Buy low.
>>I don’t look for “the turnaround” until 2012 at the earliest. If the administration makes enough major dumb (socialist, tax increase) moves they probably could add a few years to that.
That’s pretty much how the Great Depression came about. Poor moves by a Republican President at the beginning of what should have been a 2-3 year recession, followed by a Dem President and Congress going to town with lots of socialism, turning that 2-3 year recession into a decade-plus long Great Depression.
I get a little depressed looking at how it appears history is likely to repeat itself.
One more...
You know, I am pretty sure that FDR went on TV and ended the Great Depression. My buddy ‘Scranton Joe’ told me.
I thought he was quoting Depression headlines. (We may have to start identifying WHICH Depression we're talking about.)
I have been seeing signs of failure to pay commercial real estate loan monthly payments, let alone the balloon payments. Keeping up with labor costs is proving to be too much for some firms.
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