Well cry us a river. As if we didn’t know this. Everyone except Democrats in DC and Sacramento know this.
“No leadership or awareness in parts of government”
codeword: obama
thanks again to the 62 million idiots who voted for hype and change
But, Michael Jackson died.....
Obamanomics.
No, the monkey on your back is Obama..
sw
THAT'S RACIST!
‘We’re in the Middle of a Crash’:
According to MSM, those to blame:
1) GW Bush
2) unfair distribution of wealth
3) Capitalism
4) Free market
5) Not enough Government Regulation
6) Ronald Reagan and ‘trickle down’
7) greedy predatory tactics by banks
8) Taxes not HIGH enough
9) global warming
>> “The monkey on our back is debt,”
Actually, the monkey on our back is Obama. And Geithner. And Bernanke. Oh, great, we have THREE monkeys on our backs!
And the monkey on THEIR backs is debt.
Unprecedented levels of public debt, regulatory uncertainty, open hostility to markets, proposed government takeovers of critical business sectors, looming tax increases of gargantuan proportions - people: this is not a formula for economic recovery. It is a formula instead for financial disaster, social dislocation, and much worse.
This just in: Michael Jackson is STILL DEAD!................
Washington DC could default on the Federal debt which would crater the global financial system. It would reemerge with a new international currency and the USA would devolve into the third world "Chicago Community" that it already is in many respects. OR...
Washington and the East Coast politicians could just sell off parts of the USA to foreign powers to "convert the Federal debt into equity." Don't laugh... we bought Alaska from the Russians because they couldn't pay their debts and we bought Louisiana from the French because they couldn't pay your debts. Of course, the people of these regions will have nothing to say about it. But, Venezuela may end up owning the Southwest and China may end up owning the Pacific coast. DON'T ASSUME OUR DEAR POLITICIANS IN WASHINGTON WOULDN'T STOOP TO THIS to create an East Coast sophisticated New European satellite....
When I first read this in early 2008, I was struck most by a passage which I will have to pinpoint later which I will summarize as: all large banks and financial institutions had highly paid teams whose sole purpose was to "predict" conditions for the following year or two. Not only were none of them ever right, they were never subjected to any sort of accuracy check after the fact.
The team simply went on to create the next prediction.
The irony is that some teams were actually disbanded for ineffectiveness, but after a few years, when memories fade and new hot shots get a good idea, the "predictors" were reinstated. And they are still uniformly wrong, and as seen in September of 2008, blindsided by reality, the Black Swan.
Translation: Stop throwing gasoline on the fire
Democrat Response: "Not a chance, this is all we know how to do."
