Get Ready for a Second Obama Economic Stimulus Program

stimuli bull

I think his ideal is the dumbest he is sitting inthe white house padding his packets with our money .He could send it to people who need it.What about the people who don't have a job and need money to feed their kids. what then ,he just going to sit back and watch us rot

Obamaa banking stimulus package

Obama has inherited an absolute mess from Bush and his nefarious gang. Not only did they "take a weed eater" to banking regulations they gave 350B to friends and relatives in the waning days of their adminitration. They've fought for the big guys against the rest of us for so long they think it's their right. Now the democrats have to fix it and its going to take a lot of work and a lot of money.

Tell the Queen: some people DID see it coming!!

Mort, come on. Lots of people saw it coming but most of us wouldn't listen. One of the most prescient was Michael Hudson's May 2006 Harper's Magazine cover story entitled "The New Road to Economic Serfdom: Ahn Illustrated Guilde to the Coming Housing Collapse". http://www.insurgentamerican.net/download/MichaelHudson/Hudson_RoadToSerfdom.pdf

And how about Nouriel Roubini, Hency C. K. Liu, Mike Whitney, Dean Baker Steve Randy Waldman, Jim Wille, Meredith Whitney, Yves Smith and even big names like Floyd Norris, John Authers and Martin Wolf?

IF The Blind Lead The Blind,They'll Both Fall In The Ditch!!

How can we expect the polititions that got us in this mess,to get us out? I saw this economic problem coming several years ago,though not to this degree.Does anyone out there remember ENRON, I DO. Now they are selling the general public on going deeper in debt encouraging people to buy more worthless stock.

Something is really wrong with this picture. The Blind Can Not Lead The Blind. We have to think for ouselves and not expect our polititians to rescue us. They got us in this fix,and I doubt very seriously if they can get us out. Now is the time to save our money,and get out of debt,not spend and aquire more debt.

Its the trends stupid!

There is a book by Robert Rhea called "The Dow Theory". The memoirs and ideas of Charles Dow were studied extensively by this man and written in language for the common investor such as you and I. The trends of the market show we have been in a bear market since 2000. An ounce of gold would buy you six shares of GE stock then. Today you can purchase 106 shares for an ounce. Now I am no genius but when I heard that it tells me that things have been going in the wrong direction for someone. Now if golds value and the Dow which were around equal in I believe 1980, whats changed? Ummm let's see.....the Fed has pumped trillions into the economy at the request of the president and democrats? We've created rules to relax loan standards in the mid 1990's? A certain president along with democrats in 1994 signed not only NAFTA but also GATT? Wait one more. The vice-president from that era and the democrats of today are rallying around some goofy notion that we can make our nation stronger putting more restrictions, taxes and enviromental policies governing CO2 on companies?

Socialism has never worked and never will! It is nothing but a naked power grab with a lunge for our pocketbooks!

Falling Median Income and Lag in Consumption

Beginning in 1980s, the Republican party followed policies that redistributed wealth upwards. While Clinton moderated this trend somewhat, in 2000, the GOP redoubled their

efforts. The result was for the first time in American history the median family income fell in the course of an eight year period. In fact, the median income had fallen even before the crash of last fall. The prosperity American economy dependents heavily on the housing industry. If the median family income is falling over an eight year period, one of the pillars of American prosperity will be severely shaken and an economic crisis will result. The economy today suffers from a deficit in consumer demand just as it did at the end of the 1920s. I have yet to see a Republican proposal that addressed this central fact of the economic crisis we face.

LET ME SEE IF I GET THIS...

We're broke, our jobs have been outsourced, savings and home equity have been destroyed, business is hamstrung by radical environmental regulation, personal and governmental spending has bankrupt the people and the nation. And, the answer to all this is to increase spending what we don't have, bury ourselves in more debt, add fees and more environmental regulation on business, and increase taxes - all the while adding more social spending and pork.... Something about this just doesn't feel right - probably just me.

The Ides of March!!!

The ides of March are upon us and the entire month of March will be agonizing for business and the nation at large while we wait for the effects of the stimulus starting April 1. Until then it will be a long dreadful ordeal watching the daily gloom from Wall Street as gamblers slowly wake to reality that to truly invest patience is a virtue notcounted in mintes or hours but in weeks, months and years. Just as industry must convert to new technologies, investors must convert to long-term mentalities versus short-term profits. It will take years to rebuild our industrial base and investment opportunities particularly as we continue to experience bailout requests. America needs stability soon but until then, everyone think upon buying a wind turbine and investing in ourselves!!!

Obama to Sign Pork-Filled Spending Bill

And on top of the mess we have a President that is breaking his campaign pledges, by sign $410B budget bill laden with millions in lawmakers' pet projects and pork for friends.

We can not spend our way to prosperity, but he can certainly payback all that contributed to his success.

How are you liking the CHANGE you can believe in NOW? Better yet ask you grand kids how they like paying for the bad decisions of today.