3rd glass of Glenfiddich

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Mar 5, 2009 11:04 pm

Let's see,

GM is bankrupt,
Citi is bankrupt,
GE has $15 billion in cash and $500 billion in debt, (still AAA?)
the President has declared war against capital and those who have it,
markets that have wiped out 12 years of gains,
baby boomers that have lost money in both equity markets and real estate,
a synchronized global recession,
Madoff is still eating caviar and lobster in his penthouse apartment,
Warren Buffet has lost his mojo,

and this: http:////www.cnbc.com/id/15840232?play=1&video=1053311799


Mar 5, 2009 11:18 pm

I wonder if this is what killed off the dinosaurs?

Mar 6, 2009 1:08 am

It won't help ss because they just gave a 5.8% cola raise to ss recipients.  More people on a bigger dole.   Our Great Leader is buying miilions of votes with borrowed money (and SS is but one example, of course).  Can you blame him?  The last 20 years has seen everyone buying themselves power and paying themselves with borrowed, leveraged OPM.

Mar 7, 2009 6:17 pm

Dr. Marc Faber says...
"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer, it will go to India. If we purchase fruits and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car, it will go to Germany. If we purchase useless crap, it will go to Taiwan and none of it will help the American economy.

The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in the US.

I've been doing my part.....

Mar 8, 2009 12:33 am

Here's an excellent Journal op ed, "Obama's Radicalism Killing th Dow",


http://online.wsj.com/article/SB123629969453946717.html
 
And here's some music to go with the excellent scotch.
 
http://www.youtube.com/watch?v=TLEK0UZH4cs
 
 

 
Mar 9, 2009 9:06 am
skeedaddy2:

Dr. Marc Faber says...
"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer, it will go to India. If we purchase fruits and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car, it will go to Germany. If we purchase useless crap, it will go to Taiwan and none of it will help the American economy.

The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in the US.

I've been doing my part.....



You've hit on a key point, even while indulging in a little gallows humor.

It is true that there are not as many products made here in this country, but some still are.  I know that when I spend money lately, I've tried to focus on purchasing American made products where that is an option, and when I purchase services, I try to buy them from a local business owner.

It probably doesn't make a difference because I'm just one person, but at least I'm trying...

Mar 9, 2009 9:22 am
Doksee:

Here's an excellent Journal op ed, "Obama's Radicalism Killing th Dow",


http://online.wsj.com/article/SB123629969453946717.html
 
 
Most of us can see all of this clearly.  I just wonder how many "common folks" understand what Obama is really doing.  He is mortgaging our future, and the worst part is, I don't think it will have any impact on the current recession.  So most people don't know the crap he's pulling, and the Administration is going to take credit for "fixing" the economy.  For the next 8 years, we are going to have to listen to how there is NO WAY we can go back to the Republican way and get back into another "mess" like that.