...and this is the guy that was SOOOOO important and vital we had to confirm.
What the hell did the country expect?
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_mccaughey&sid=aLzfDxfbwhzs
The above site is just a taste of what is in this bill, and a preview of more to come.
The market is reacting as one would expect.
Socialism is anathema to private markets.
The Obama “no confidence in capitalism” market free fall continues.....
Geither is just another smooth talking tap dancer that props up his empty suit ‘leader’.
President ‘Oh, Bummer’ is a dangerous fraud!!!
-280 right now at about 7990
Timmay is almost crying in front of Brian Williams!
I finally figured out what it is about Geithner that makes the market distrust him (besides the fact that he’s a brazen Tax Cheat and closet socialist)...he looks like Eddie Haskell.
Crudes below $40 too.
They must be supermen and superwomen -- or part of a criminal conspiracy.
wow...just checked and its down 275 pts.....good job obama.....there goes another chunk of my 401k....
Using simple math, the economic bailout cost totals, $2.7-trillion ---not counting interest, of course.
Mostly, the $2.7-trillion is for massive government spending, but very little in tax cuts. I will be surprised if this government intervention doesn't fuel big increases in the rate of inflation. The Treasury Dept can not keep printing money without inflation spiking. Inflation will serverely damage the economy and extend the overall recession.
Plunge , baby, plunge!!
Why own stocks traded on US exchanges anymore? Any returns will either be confiscated and used to buy votes or will be consumed by inflation. Screw it. Sad to say, but there are better places to invest and hold wealth than America.
This isn’t a failure for O, it’s a success. What makes people think that these guys are so dumb that they don’t know their plan will hurt rather than help?
They know that. And it is precisely the worsening “crisis” that will “justify” their increasing power grab as time goes on.
Seriously. Isn’t this obvious?
Anybody ever hear of the Road to Serfdom?
I think Obama’s approach is basically the “Autobahn to Serfdom”.
The Soros and leftist dem manipulators created the the lending and financial mess to push the door open further for socialism.
Now rank and file stockholders are seeing this ruse for what it is and are pushing back. The poor Messiah is in a deep s*** situation with no viable exit strategy in the wings.
The amusing part of it all is that the economy is really in pretty good shape despite His and the medias drumbeat of bad news. The Marxist Onada keeps talking about all those lost and about to be lost jobs. There’s really a simple solution: Send about 1 million of the working illegals home. Instant jobs. And, there are probably another 7-12 million illegals still working here who could be sent home if the American jobless situation worsens.
The Marxist Onada continually hits the point that unemployment is up to something like 7.5%. If you consider that 5% is considered full employment then we’re only talking about a 2.5% rise in unemployment despite the implosion of the lending and financial houses. At the same time, as I said above, there are 7-13 million illegals(depending on whose numbers you believe)still working here.
Of course, the really fun part of this manipulated economy is that the left has created a monster it cannot get back in the cage. As more and more company’s (Japanese car sales are now being negatively effected)sales and earnings decline more and more people will be fired or laid off. This will create growing demands for unemployment and other entitlements at the same time tax revenue is dropping like a stone.
This is exactly what happens when ideology trumps history, facts and common sense.