Tag Archives: obama socialist

Cheery Thought For Today! Iceland Shrinks 8% as Prices Increase 11% in Deepest Recession! Hey Deflationistas Notice That Economy Is Shrinking While Prices Sky-Rocket…!

Aren’t prices supposed to go down when you have a recession? Well yea unless you have devalued your currency so much that no one takes the “promise” of its value seriously. And when your currency is not attached to any rational measure of value promises is all you will get from the Government. Promises from governments have always worked out so well for those who have believed in them.

Well America watch carefully to see the predicament Iceland finds itself in because that is where we are heading…fun fun fun till the daddy (China, Japan and other buyers of US debt) takes the T-Bird (they stop buying our promises)…away. The fun is just beginning not ending. Green shoots indeed! Those clowns who are selling that crap should be prosecuted and jailed. Back in the day they would be tarred and feathered…for killing the light of the world (United States) the penalty should start there.

Worst Recession

Iceland’s economy will shrink 8.5 percent this year and consumer prices will climb 11.7 percent, both the worst performances among the world’s 33 advanced economies, according to the IMF’s latest forecasts. As the rest of the world begins to recover, Iceland’s recession will stretch into next year, with the economy contracting 2 percent, more than any developed nation except Ireland. Iceland Shrinks 8% as Prices Increase 11% in Deepest Recession – Bloomberg.com

Neat that Central Banks the world over are starting to short the dollar…this is going to leave a mark. From a Barclay’s report:

No one wants to be caught holding too many dollars, and this rising reluctance is increasing pressure on the USD. This is an obvious USD negative, but it is also means that the ECB and the EUR are caught between a rock and a hard place. The capital flows into the EUR have very little to do with any euro area cyclical dynamism. If the ECB were the BoC, it would label the current EUR appreciation as undesirable “type 2” flows driven by capital flows that do not reflect fundamentals. However, as anyone who has been to the doctor knows, getting a diagnosis is not quite the same as being cured.

Hat Tip Zero Hedge where some of the finest reporting on the economy is going on right now.

More Money Down The Drain…Freddie and Barney Frank Making Sure That We All Go Broke!

When you steal $1,000 it is a crime, when you steal trillions it is a statistic! I am from the government and I am here to help!

image

Fun facts I wish I didn’t know. Sorta glad that prices haven’t collapsed in Louisiana we won’t mention that this is largely due there never being more demand than supply. Probably has something to do with these sorts of shenanigans from our political class.Louisiana Legislature Beclowns All Of Us In The State…Not One Legislator Objected To This Trash Being Displayed In Our State’s Government!

image

Just in case you are wondering if the pricing collapse has ended take a gander at this graphic and notice that we are still vastly oversupplied with homes. Oh goody!

image

And this one!

image

And the fun isn’t over yet! Weeeeee! More mortgage defaults man that has got to be good for the economy!

image

And thank goodness we are ahead of all previous years in this statistic…if you are gonna do something then do it well dammit!

image

And how is this for spin! Because of heavy domestic demand for all these shitty securities foreign demand is starting to dry up. Wow that is the sort of spin that Goebbels would be proud of! After all some might be inclined to explain this as those foreign investors starting to wonder if we can actually pay these debts back with something other than promises.

image

Well gee everything seems to be going according to Barry’s plans. I don’t suppose anyone of those Harvard educated geniuses might be considering stopping this madness…? Anyone? Ah, ok just as I thought the idea is to transfer my wealth to all the idiots of the world. Hmmm who is the idiot?

Allahpundit’s Exit Question My Answer: Wright was a former Muslim and black nationalist who had studied at Howard and Chicago, and Trinity’s guiding principles–what the church calls the “Black Value System”–included a “Disavowal of the Pursuit of Middleclassness.’

Allah you rock but you might just want to step back a bit and consider that the One is actively attempting to destroy this country. You have NO idea what he is…and neither do any of the rest of us. But consider his alliances in the past.

Exit question via Karl: I thought our big problem with The One was that he spent far too long subscribing to Rev. Wright’s nutbar Black Liberation Theology. Which is he, a radical Muslim or a radical Christian? Hot Air » Blog Archive » Frank Gaffney: Hey, maybe Obama’s a Muslim

Well I guess this would be good question except for the fact that Reverend Wright was indeed an ex-muslim. New Republic take it away!

From Wright and others, Obama learned that part of his problem as an organizer was that he was trying to build a confederation of churches but wasn’t showing up in the pews on Sunday. When pastors asked him the inevitable questions about his own spiritual life, Obama would duck them uncomfortably. A Reverend Philips put the problem to him squarely when he learned that Obama didn’t attend services. “It might help your mission if you had a church home,” he told Obama. “It doesn’t matter where, really. What you’re asking from pastors requires us to set aside some of our more priestly concerns in favor of prophesy. That requires a good deal of faith on our part. It makes us want to know just where you’re getting yours from.”

After many lectures like this, Obama decided to take a second look at Wright’s church. Older pastors warned him that Trinity was for “Buppies”–black urban professionals–and didn’t have enough street cred. But Wright was a former Muslim and black nationalist who had studied at Howard and Chicago, and Trinity’s guiding principles–what the church calls the “Black Value System”–included a “Disavowal of the Pursuit of Middleclassness.’”

The crosscurrents appealed to Obama. He came to believe that the church could not only compensate for the limitations of Alinsky-style organizing but could help answer the nagging identity problem he had come to Chicago to solve. “It was a powerful program, this cultural community,” he wrote, “one more pliant than simple nationalism, more sustaining than my own brand of organizing.”

Well gee I guess O could be a muslim. Hell he is probably whatever he needs to be to take power. And that is actually, impossibly worse than being a muslim. Btw Frank Gaffney is no one’s fool when it comes to identifying muslim/terror sympathizers, witness the terrific hit he put on Grover Norquist. He was right about Grover when no one else was talking about it. We might better consider his words rather than to dismiss them outright.

The Revolutionary War Was Started Over Less

Sharpening up my pitchforks and scythes, waiting for the call.

The Revolutionary War Was Started Over Less

Who can mobilize enough people for a March on Washington against the porkulus bill? It is clear by Harry Reid’s addition of an $8+ Billion light rail from Las Vegas to Los Angeles that the wish list keeps growing and there is no standard for Arlen Spektre or the RINOs in name that reign mainly from Maine to ever oppose it.

I would argue that this bill is so large that it demands consent from the public in the form of a special election. San Fran Nan’s grin has had more cuts made to it than the bill has.Six Meat Buffet » Blog Archive » The Revolutionary War Was Started Over Less

Maybe it is time for Glenn Reynolds to revisit his piece in the Chicago Tribune from 1995. In this piece Glenn argues that the militias, that everyone during that time were getting worked up about, were being established far too early. The militias, in Glenn’s opinion, did not have a case yet.

From his piece:

The most important aspect of this theory was representation. Those who were not represented lacked the citizen’s duty of loyalty. A government that taxed its citizens without representation was thus no better than an outlaw, and citizens enjoyed the same right of resistance against its officers as they possessed against robbers.

As this is being typed our "representatives" are busy hiding their motives behind closed secret meetings in a rush to mortgage our grandchildren’s future to pay back political favors.

Is this taxation without representation? Does this idea of taxation without representation have some technical meaning that negates the pit in my stomach. The pit the result of my having absolutely no input on how much money will be wrenched from the sweat of my brow to pay back political favors. Furthermore does this meaning of taxation without representation take into account that my grandchildren certainly have no representation…I have none yet. And yet they are the ones who will be paying this ridiculous bill back.

Does Glenn still think the militias have no case? Even in 1995 he cautioned those in power to take heed of those who felt so unrepresented that they were arming themselves for the revolution. Perhaps that is a warning that needs to be revisited? It certainly feels as if my government is making war on me.

Did I say 250,000…Yea sure I meant 70,000…Yea yea 70 grand…that sounds right…Not going to tax anyone under 70,000 grand…for a couple…err a Family….related family…err extended family…neighbors. Yea thats right…

If we actually vote this putz into office we will get exactly what the stupid half of this country deserves, a lying communist stack of crap. May I opt out?

Well, you know the problem was is that they weren’t targeted at the short term stimulus of the economy. What we should have done is if we were going to initiate tax cuts, and I’m a strong supporter of tax cuts for working families like the Earned Income Tax Credit, to initiate things like cuts in the Social Security tax, and other taxes that are really burdensome on families that are making 50, 60, 70 thousand dollars a year. Those tax cuts I think would have stimulated the economy.

But the money that we’ve given up directly affects Illinois in its potential, in terms of job growth because it means that transportation dollars are not in the state of Illinois, heath care dollars are not in the state of Illinois. There are enormous needs around the state that we could be using that money for.

Hot Air » Blog Archive » Video: Middle class topped out at 70K in 2003, according to Obama