Saturday, July 31, 2010
I want to be on the record now as predicting that this car will be a huge seller. So when it goes through the roof, remember these prophetic words.
But it will not go through the roof because it is a good car or a sensible purchase. Like every other thing associated with Barack Obama, it divides, not unites. The car will become the official vehicle of the Left. It will become nothing less than a referendum on Obama. There are millions of Liberals with money that will look at the purchase as something akin to a campaign contribution. Every union big shot and an army of union lobbyists will all buy two. GM plans to produce 10,000 units the first year, my guess is that will be upped to 50,000. Every third car in DC will be a Chevy Volt.
Few will like the car, and I wouldn't be surprised if it is subject to several recalls in the first year alone. But the great post-partisan post-racial post-everything uniter will have given America it's very first partisan car, purchased for political reasons along partisan lines.
Saturday, May 1, 2010
Buffett and Goldman are two peas in the same pod. Both shamelessly stuffing their pockets off of the bailout bubble. This "recovery" we're having is all due to printing. This is not a recovery about production, it's about having more than doubled the money supply in the last year and a half, and pushed tens of trillions over to the same gangsters that caused the mess.
It's about the Fed transferring trillions of toxic everything onto it's balance sheets, bailing out every bankster in sight.
This has created a gigantic market bubble. Another room full of toys for the rich to play in. A big fat Fed provided cookie jar. And it's from this cookie jar that Buffett's been stuffing his pockets. It's not about producing and selling, it's not about revenues, it's about a big fat bailout bubble conjured up out of thin air.
Buffett knows that he's pocketing funny-money, and like a kid who knows he's wrong and is full of shame over his misdeeds, he throws a tantrum in another direction to hide what he' doing. This is why he so vigorously defends Goldman.
Buffett is a moral criminal, pocketing the people's future today. A fat little piggy stuffing himself with bailout cash, while the average American sinks further and further. And the shriveled up old greedy piece of shit knows it, but he doesn't want us to look that way.
If Warren Buffett disappeared tomorrow would it really make a difference? For all his billions, has this money grubbing old bastard ever really inspired anyone? Does this guy ever make anyone feel better about themselves. does he ever really warm a single heart?
Warren Buffett has always been about one thing: Warren Buffett's wallet. And these days his wallet is getting fatter and fatter from the lunatic policies of running the presses night and day to bailout out the rich. Take a look at where the Buffett "recovery" is coming from, it's funny-money, it's that little criminal at the Fed thinking he can print us into prosperity, all while our industry continues to disappear over to China and India, foreclosures rise, bankruptcies soar, unemployment does not abate - it's a phony recover, and that rotten shriveled up piece of shit Buffett is stuffing his pockets with it.
Sunday, April 11, 2010
I really see a slow boil developing.
Like what happens in those rinky-dink third world countries when the situation for the average person just keeps getting worse and worse, the whole while State Run Media is pumping "Move along folks .. nothing to see here the great leader has it all figured out."
We have a BLS that adds 75k phantom jobs a month based on a business "birth/death" model that is outdated. We have the only real measure of consumer activity, sales tax receipts to states continuing to plummet, but the media keeps focusing on same-store sales, which are only boosted due to numerous retailers closing. Foreclosures are still soaring, as are bankruptcies. The ADP report which looks at actual payroll data is showing that jobs in the private sector continue to be LOST, not gained. We have a Fed that has pasted over it all by doubling the money supply, and has pushed around tens of trillions over to banks. TARP is actually small compared to the mountain of cash the Fed has printed up and used to "Monetize" bank debt i.e. relieve them of all their bad paper.
We have the biggest transfer of wealth from the bottom to the top in world history under Obama, the lives of real people going down the drain, and a media that keeps telling us not to believe what we actually experience in our lives, believe the garbage from their Green Shoot Pump Machine.
This is all coming to together to slow-boil the nation.
Sunday, March 7, 2010
In my lifetime I've seen prevailing wisdom that is perverse, but none more than the ubiquitous notion that the Bailouts "had to be this way." From Left to Right we get a constant tripe-pump that we had to do what we did to keep us from falling off the financial cliff.
It's a lie. What we did was keep a ponzi scheme afloat by bailing out the perpetrators. But it's even more outrageous than that - the very victims of the ponzi scheme have mortgaged their very future to bail out the very perpetrators that robbed them blind.
This top-down bailout never needed to happen. It was the single biggest transfer of wealth from the bottom to the top in world history. And the willing corporate media - the same media that pounded it's collective fists on the table over Reagan's "trickle-down" economics, lets Ben Bernanke pull off the largest act of trickle-down in world history and then pronounces him a genius for it. It's literally the bottom of the pyramid bailing out the very top, all so the top can then be kind enough to "extend credit" to the mortgaged-to-the-hilt bottom with their own money!
It's like saying, "Here .. here's another 10 bucks, would you please piss on me again?"
If you include all the bad debt the Fed is buying up, it's now in the tens if trillions. Money conjured up out of thin air on the backs of future taxpayers. All to bail out the very top strata of society that profited from the very scheme they created on the way up.
All could be solved tomorrow. But solving it would involve doing the one thing that the sons of bitches who own the media and the politicians will never let happen. And that is backing out the effects of the housing bubble starting with the victims. And I don't mean this pennies on the dollar refinancing crap. I mean wholesale forgiveness of mortgages to the tune of trillions.
Why is this so bad? Why would that be any more of a moral hazard than what we did? Why is forgiving the very victims of the schemes, relieving them of their debt, any worse morally than relieving those who already pocketed trillions perpetrating the scam? If we're going to print a mountain of money out of thin air, why do we print it and hand it over to banks, why not hand it over to PEOPLE to pay the banks back!
Why? because the sons of bitches who own the politicians won't allow it. Goldman Sachs won't allow it. Citi won't allow it. Bought-and-paid-for Congressmen won't allow it. So now all we've done is print up a mountain of paper to paste over the books of the perpetrators. Setting us up for a far bigger crash.
This is not 1983 where we're poised for an expansion. This is 1930 where we're poised for a greater fall.
Ben Bernake, Tim Geitner, Hank Paulson and Barack Obama are the 4 most despicable criminals in the history of this country. They have sunk our nation completely, and permanently.