Tag: economy

How bad is the economy?

Another one making the rounds:

I’ll tell you how bad the economy is…

CEO’s are now playing miniature golf.

Hotwheels and Matchbox stocks are trading higher than GM.

Dick Cheney took his stockbroker hunting.

People in Africa are donating money to Americans.

Motel Six won’t leave the light on.

The Mafia is laying off judges.

PETA serves chicken wings at their meetings.

McDonalds is selling the 1/4 ouncer.

People in Beverly Hills fired their nannies and learned their children’s names

A truck of Americans got caught sneaking into Mexico

The most highly-paid job is now jury duty

Mothers in Ethiopia are telling their kids, “finish your plate, do you know
how many kids are starving in the US ?”

Even people who have nothing to do with the Obama administration aren’t
paying their taxes.

And finally…

Congress says they are looking into this Bernard Madoff scandal. Hey, neat…
the guy who made $50 billion disappear is being investigated by the people
who made $750 billion disappear.

Chicago Tea Party

Got this from Tertium Quids.  This is REALLY GREAT!  What is shocking is that CNBC let this guy keep going.

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A glimmer of hope.  Watch it before NBC takes it down.

Obama, this could be your moment. This could be your time.

Following the US House of Representatives unanimous motion to only allow for votes after the text of the legislation has been available for at least 48 hours, the House followed by the Senate approved a $787B and 1073 page bill that was made available 11pm the previous evening.

Check out this disturbing video where the majority leader of the House declares that the 48 hours previously committed to by the entire House of Representatives is not binding and this bill is to be considered “read” at the time of the vote.

Keep in mind that the average reading rate is 2 minutes per page.  This would mean that the bill may be read from start to finish if you sit and read for 35.8 hours straight (no bathroom breaks…eewww!).

President Obama now has perfect opportunity to score a few points with those on the dark other side of the aisle.  Will he abide by his own statements and campaign promises that wooed so many to vote for him and allow time for Americans and elected officials to read this important bill?

“Americans have the right to know how their tax dollars are spent, but that information has been hidden from public view for too long.”

For goodness sake, if the bill is so great then it will stand on its own and he could sign the darn thing on Tuesday.  We shall see.

US Taxpayers make $1B investment in Brazil

WARNING:  THIS IS A DEPRESSING POST!!!  And yes, I will be rambling.

I couldn’t believe that General Motors admits to use US bailout money to invest $1B in a plant in Brazil.

This is the second time GM took taxpayer funding; apparently, it did not encourage smart business practices or at least smart business practices in the US (what can they do, the Union is the monkey on their back here!).   Apparently, GM feels is is more productive to invest in non-union areas…hmm…so what do we do?  The government votes to strengthen the union stranglehold on American companies.

Tell me why should we prolong the failure of a crappy business?  Regarding failing companies I like SC Governor Sanford’s advice regarding the economy: “let’s get this thing over with, let’s not drag it on.”

Speaking of crappy businesses, here’s a rather sad opinion article in the Washington Post from a small business owner who laments not having customers because they can’t afford his product.  He wishes for the government to supply his would-be customers so that his business can survive.  OK, so we are going to create false demand for products that wouldn’t exist on their own merits? Um…not with my money!   My grandfather, God rest his soul, told me stories of how the government would call him at home and ask him to take farm subsidies.  He would always decline and reiterate his belief that if you can’t make a living doing what you are doing, then you should find another way to make a living…because you suck at what you are doing now!

President Obama Continues Bush Doctrine

In what can only be called a continuation of Bush policy, sprinkled of course with a little hope and much naivete (sorry, Bush, you cannot use this as an excuse), President Obama contemplates quick passage of an economic stimulus package.  While the details between the two administrations’ packages differ, a decidedly un-conservative, arrogant message remains:

Left alone, the free market economy would succumb to the powers of entropy and crumble upon itself.  Only through government intervention, manipulation and overextention of constitutional power and pumping in of yet-to-be-printed money can the ecconoly live on.

Further, the much overused phrase, “too big to fail,” and the policy (or policies) that government claims that the phrase justifies encourages the following:

  • Risky business endeavors (and lack of smart ones) proliferate wtih abandon, because the government has demonstrated that it will save them from failure.
  • True growers of the economy, those companies and entrepreneurs with business acumen and propensity for success, hold back from re-investing for fear that resultant successes will cause them to be taxed into oblivion.

As far as I’m concerned, we’ve just received another four years of Bush.  When can we add another Prescription Medicin or No Teacher’s Union Child Left Behind program?  Those in government salivate when there is a downturn int he economy and use it as an opportunity to increase their power in the name of recovery and rebuildin.  They reach their tentacles so deep into the economy that it impedes economic growth and then use that as justification to further its reach.  This is modern slavery in its truest form.