Let us see how the stock market reacts to the passing of the bill on Monday. If it plunges, it will influence how the Senate votes. In the meantime, freepers keep refraining from consuming and keep saving your money. That will keep the pressure on the BHO admin and Dem Congress. If the economy refuses to pick up and create jobs, the Dems are toast in 2010 and hopefully in 2012. Be patient, do our part, vote with our consumer dollars and let the radical left Dems to the rest. Starting to see buyers remorse amongst te independents. First sign of big trouble for the Dems is the Xmas sales in 2009. In the meantime organize your family, friends, street and if possible town for the chaos to come as the huge debts can either lead to economic collapse or high inflation. Wash DC will be too far to help us, and everything will be resolved locally. Also keep an eye on California. First unrest will start there and probably will spark unrest in the Great Lake states. Unemployment, and the running out of unemployment benefits will create desperate people like we never seen since the Great Depression. Will US troops/police need to shoot unemployed and desperate Americans? If they do, then it will be tough for us to lecture Iran. Right now get a gun if you do not own one plus ammo for self defense, buy/stockpile enough food for one to four weeks in case of random shortages, buy precious metals to protect your wealth against inflation.
I hope Senator Inhoffe is right that this thing is doomed in the Senate, but I wouldn’t be so confident. Why would these congresspeople put their necks out and vote for it of it would die in the Senate? Look for alot of backroom deal-making when it goes to the Senate, so we need to be more intense than ever and keep up the pressure.
If we lose this battle in the Senate, I think it’s time to look seriously at secession. Unless we can keep these things tied up in courts with tons of lawsuits, but I don’t know if we have the legal people on our side to employ that kind of strategy. Without beating them back with court challenges, I don’t know what other choice we have.
I think Rush summed it up best yesterday when he said “for most people, the pursuit of happiness has switch to the pursuit of survival.”
Change your Federal withholding to 10. You will owe the Feds big bucks next April 15th.
If 100 million Americans did this AND filed their tax returns with no remittance, the revolution will have begun.
(If it plunges, it will influence how the Senate votes)
This could very well be the reason the word is leaking out that it is dead in the Senate, to stop the market from plunging.
Sorry, I don't think so. The Stock Market has changed and is immune to stupid political tricks. It makes no sense anymore, as equities, commodities, treasuries go up and down in unison. Strange. Used to be equities go up, gold & other commodities go down, and vice versus. Not anymore.
However, I can see energy stocks going down a little. Cool. I've been looking to buy back into Cheasapeke (sp) and make so more.
The above aside, think BRIC (Brazil, Russia, India, China). Personally, I'm staying away from Russia, but China, Brazil and India are the future of growth. All (3) are building their infra-structure and that means materials and energy. All (3) have positive GDP's...where the US, England, and much of Europe have negative GDP's. The above are the future if you want to build your portfolio, as much as I hate to admit it. Emerging Markets...end story.