The Comedian's "Economic Holocaust" ping list...
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 01/26/2011 1:58:27 PM PST by FromLori
he economy isn't growing fast enough to lower unemployment and still needs the benefit of the Federal Reserve's $600 billion Treasury bond-purchase program.
That was the assessment Wednesday of Fed policymakers as they ended their first meeting of the year. The Fed made no changes to the program, and the decision was unanimous.
The decision came from a new lineup of voting members that includes two officials who have criticized the bond purchases. They have said the purchases could eventually ignite inflation or speculative buying in assets like stocks.
The bond-buying program is intended to lower rates on loans and boost stock prices, spurring more spending and invigorating the economy.
(Excerpt) Read more at finance.yahoo.com ...
Are we allowed to say "Arse-Wang" on this site? Well, I guess I'll find out.
Actually, labor market conditions are deteriorating, and the FOMC is lying through its teeth.
http://market-ticker.org/akcs-www?post=178336
I propose National Spring Broke week. The government will acknowledge they are broke and out of OPM. Otherwise we will end up with QE 214 in a year or so. They will not stop unless they are stopped. The jig is up baby.
>> The bond-buying program is intended to lower rates on loans and boost stock prices, spurring more spending and invigorating the economy.
What a flimsy lie.
The “snake eating its tail” routine is designed for one purpose only: to thwart the market forces that would raise the interest rate on the massive Federal debt.
The banks aren't lending this money anyway: they're borrowing it at low low rates and selling it back to the Government.
And BOOSTING STOCK PRICES is a RETARDED REASON. It DOESN'T INVIGORATE ANYTHING.
Should stimulate the wheelbarrow industry - as people will need one to go to the store to buy bread.
And it absolutely f***s anyone who is counting on interest-income from savings.
To invigorate the economy:
* CUT TAXES.
* CUT REGULATION
* CUT LEGAL VULNERABILITY
* CUT ARBITRARY GOVERNMENT
* PROTECT PROPERTY
* DO NOT GIVE MONEY TO BANKERS.
That is all. Thank you.
Sorry for all the yelling, but these people tick me off.
How about what it does to food and energy prices UP UP UP
Just breaking the bourgeoisie on the millstones of taxation and inflation - just as Lenin told us to do.
When Josef Stalin was on his deathbed he called in two likely successors, to test which one of the two had a better knack for ruling the country.
He ordered two birds to be brought in and presented one bird to each of the two candidates.
The first one grabbed the bird, but was so afraid that the bird could free himself from his grip and fly away that he squeezed his hand very hard, and when he opened his palm, the bird was dead.
Seeing the disapproving look on Stalin's face and being afraid to repeat his rival's mistake, the second candidate loosened his grip so much that the bird freed himself and flew away.
Stalin looked at both of them scornfully. "Bring me a bird!" he ordered.
They did.
Stalin took the bird by its legs and slowly, one by one, he plucked all the feathers from the bird's little body.
Then he opened his palm. The bird was laying there naked, shivering, helpless.
Stalin looked at him, smiled gently and said, "You see... and he is even thankful for the human warmth coming out of my palm."
Totally believable - those people were monsters - a fact of which 99% of people are ignorant today.
LOL, very succinct.
Man, that was grim. Where did you get that story? I would love to have an original source to quote.
(Love your screen name.)
Was this a true anecdote about Stalin?
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