Posted on 03/01/2007 1:15:16 PM PST by chuckles
Well, Hillery wanted to jab Bush for the 500 point fall in the market so she issued a statement to get some face time on TV. We haven't heard one good word in the 5 year run up to record levels in the market, but let it fall 3.5% from it's all time, no doubt about it, never before seen, record high, and it must be Bush's fault.
To cut to the chase, she thinks the US should limit how much debt can be owned by foreign governments. I was going to let it slide as just a pollitcal jab attempt, but it was just too stupid by half to let slide. After her remark a week or so ago about "Taking oil profits" and using them for research in alternative fuels, I had to lie down to keep from having a , Hugo Chavez "hissy", I just couldn't let this one pass.
If we put some kind of limit on foreign governments buying our paper, that means Joe Sixpack will have to fork over the money to finance the War, the highways to nowhere, perscription drugs, and any other craphole the congress decides we need to stuff with money. I for one am glad free capitalist countries can borrow money in Yen at 1%, and loan it to us for 4-5%. If I had to buy the paper, the rate would go up to "Jimmy Carter" levels around 20%.
I know I'm preaching to the choir, but this woman is scary! She can't be that dumb. With Greenspan just mentioning a reccession is POSSIBLE, not probable, the market tanked. Surly Hillery doesn't think what she says will just slide by the markets, both foreign and domestic. If she remains the odds on favorite and it gets closer to the election, these statements will put a chill in all world economies. Wall street is sending money to the Democrats. I hope they listen to what these wacko's are really saying they believe. The sooner the discusions are vetted about what these idiots would do to our country, the sooner we can regain the congress and the presidency in 2009. I think the people will get over their 2006 tantrum when it costs them jobs and money.
I agree though, some day I would like some Alfa Romeo or Porsche money for the greenback. As long as we aren't on the gold standard, we will never have Ferrari money.
You must get Ron Paul's newsletter?
Mark my words, this is a sister policy to their "antiwar" stance. Obviously US investments and military missions will be denied by the dimbocraps, with "Hilery" at the beachhead of this feminist socialism gone to its last throws of death spiral socialist economy rationalization of taking systematicaly from the productive to prop in lesser amount the unproductive.
She should reread the Vagina Monologues herself, especialy about the part of the abused vagina, and think to herself if her jealous brand of abusive lesbianism is what is causing her own skin to fall off.
Why do politicians that claim to be so smart base their economic assumptions on what they hear from pundits?
Only two reasons; they really are stupid
or they found an issue that they can be a demagogue with, with the assumption that most people are ignorant and will believe they are making a good point; which between Hillary and the Dim base is probably a fare assumption to make.
They know their base. I don't ever bring it up, because I can't prove it, but years ago, I read a study that claimed the Dems average education was less than High School level. I thought that can't be right with all the News media and college professors, but then they pointed out the number of unwed mothers, drug addicts, welfare queens, union knee breakers, and other constituents that hung on their every word. Recently there has been an article pointing out the Hollywood left that was a waiter before becoming rich and somehow knowing all about global warming after they became rich.
I have described them as "being kept on the Democrat plantation" by the liberal elite. The elite don't have any common sense, and the slaves just say "yes Massah".
The cattle futures trades were before she was in the White House.
"The cattle futures trades were before she was in the White House."
Thanks for the correction.
BUMP!
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