Saturday, July 31, 2010
Chevy Volt: Huge seller, wrong reason
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.
Sunday, April 11, 2010
Nation in Slow Boil
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We have a BLS that adds 75k phantom jobs a month based on a business "birth/death" model that is outdated.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.
Sunday, March 7, 2010
Perverse Prevailing Wisdom
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.
Sunday, November 22, 2009
Let the People Off the Hook
I read that states are forced each year to reset unemployment taxes on business, and since unemployment funds are exhausted, these taxes in some cases will go up 10 fold. So business will now lay off even more or cut wages.
From every angle this thing is looked at, it's a Death Spiral.
Death Spirals can be halted in their tracks, but it requires the one thing that Modern Day Financial and Political Nobility will not allow to happen: Let the people off the hook.
Trillions in credit card balances, mortgage and refinance debt, consumer debt of all kinds must disappear. And as a nation, we must settle with China now for whatever terms we can get.
If the Nobility would let the people off the hook, we can clear the books and move on. But the Financial and Political Nobility are A1 sons of bitches, who have gotten fat from decades of Serfdom, and they refuse, stubbornly refuse to let the people off the hook, afraid their guts may shrink a bit.
And so we will sink.
Wednesday, September 23, 2009
A Madness Insufferable
At a critical moment in history, our government could have chose to bail out the people. But instead, it chose to spend trillions of dollars in borrowed money that the American people are on the hook for, bailing out the very gangsters who got us into the mess. The very gangsters that have the American people by the throat.
And where is the President of the United States? Why he's standing before the UN, making an enemy OUT OF A GAS!
The trace element C02, which we exhale, at these levels (far less than 1% of our atmosphere) could not even cause Global Warming. Not to mention, what we're actually experiencing is GLOBAL COOLING!
Meanwhile bankruptcies and foreclosures are at record levels. Unemployment still rising. And the mainstream financial media and Wall Street economists are looking at a bunch of phony baloney government ginned up numbers and telling us happy days are here again.
We've sewn the seeds of a massive calamity. We had a chance between October 2008 and April 2009 to do what was right. That was our 6 month window. When the people are in the street tearing down this nation, it will have been that 6 month period that sewed the seeds. Our government chose the gangsters over us. And the bought-and-paid-for cheerleaders of the gangsters are telling us "move along, nothing to see here, everything hunky-dory." Meanwhile we sit on the verge of a worldwide meltdown. Nothing less than a loss of the republic is soon at hand.
Only one solution would have worked. All major banks needed to collapse in 2008, followed by massive debt forgiveness, followed by running the banksters out of town on a rail and never letting them back. Instead, we took our very future and used it to bail the sons of bitches out.
And these unbelievable asinine idiots are out there are railing AGAINST A GAS!
It is a madness insufferable. Idiots throwing away our nation on their idiocy.
Saturday, August 29, 2009
McCain down the drain
How often does one find himself critically positioned to effect history for the better? When the financial crisis exploded onto our attentions in 2008, John McCain was so positioned.
Hank Paulson wanted 700 billion dollars to prop up failure. To bailout the very bankster crooks who got us into this mess. All eyes were on McCain as he suspended his Sarah-rejuvenated campaign. Now was his chance to do the very kind of thing he had done throughout his career - take the maverick position against monumental waste and unfairness. Instead, he goes to Washington, sheepishly says "aye," and so co-opened the floodgates to Bailout Nation. As we began a course of not addressing the fundamental imbalances in the economy, but trying to ponzi scheme our way out of it. This time generational in scope - robbing future generations to prop up and bailout Modern Banking Nobility. Feudal lords of our land and coin, who through decades of psychological trickery have positioned their foot upon the American neck.
Not only was a "no" the right thing to do, but politically it would have been perfect. Who cares if a legacy-panicked George Bush was for it, W was a pimple in the polls anyway by that point. And Obama's whole campaign was about gluing Bush and McCain at the hip. And yet a McCain "no" would have left Barack Obama on the side of George Bush! Defending the absolutely indefensible. And Bailout Nation would then be Obama's albatross.
But at that critical juncture, when everyone was shell-shocked, looking for leadership, looking for someone to stand up and say "no way!" to the sick raping of the American people and lavish rewards to their rapists, and McCain was uniquely positioned to be that person, he tosses it all away. He had first and ten, and chose to punt! He had his chance to turn the tables on those money-changing rapscallions, and cast them clean out of our once sound Temple. Instead he invited them over for tea.
That was your chance Senator. Thanks for nothing, and enjoy Bailout Nation.
Thursday, August 27, 2009
Predictions 9/1/2009 - 3/1/2010
I want to get these on the record now, calling them like I see them.
1. The American economy will recover nicely. The only problem though, is that the American economy is no longer here - we shipped it over to India and China. The fairytale fiasco we have left here will fall off a cliff. Bubble Blowing Ben Bernanke will ponzi around funny-money, keeping the GDP and markets puffed up for a bit, but the whole ponzinomics shell-game will fall on our heads. Look for a big stock market drop by mid-October and food riots by Christmas. Christmas sales will be the worst on record.
2. Very long, bitingly cold Winter in the East. At least 2 big Noreasters. This will make the swine flu particularly bad in the East. It will be bad nationwide, but nothing like 1918. Still, it will make the upcoming flu season about 3 times as deadly.
3. There will be no healthcare bill. We're due for a national "Oops" moment, when it falls on our heads that we're quarreling about healthcare with another Great Depression unfolding all around us. Healthcare will get put on hold.
4. The world will "decouple" from the US. A new world currency will be formed. The US, Britain will have a severe depression, Japan and Russia will a severe recession , Canada, Australia, Germany and France will have a medium-sized recessions, China and India will slow somewhat but maintain growth by expanding their domestic economies. The dollar will be in crisis, near worthless.
5. Widespread civil unrest will take place the second half of 2010 and accelerate in 2011, the next 6 months will lay the groundwork.
6. Look for a Republican "walkout" on Barack Obama at the Jan 20, 2010 State of the Union speech. This will be drummed up as racism by the media, and a cultural explosion will ensue.
Tuesday, August 18, 2009
Turn down the noise, I can't hear myself implode!
Imagine a room with 10 radios blaring, each tuned to a different station. If one station was more important than the others, you would need the extraneous stations tuned off so you could listen to the important one. When they're all playing, it's just gibberish.
Such is the state of our nation today, too many noisy and pointless programs playing all at once. All that matters is the economy. there is no recovery, and there are no green shoots.
The stock market has been puffed up by TARP funds the banks are laundering in through the back door. Money borrowed from future generations to cover bank losses, snuck into the market through the back door. This is Bernanke's Generational Ponzi Scheme - the idea was to recapitalize the banks, while a run-up in the market would induce media green-shoot-gasms that would seduce consumers into spreading wide their wallets.
Instead, the consumer is tapped out and didn't budge. The banks will be withdrawing from the market soon, parlaying 2 trillion into 3 trillion. The additional trillion plundered from your 401k contributions, as the system continues to siphon from the bottom and feed the gangsters at the top. And Don Bernanke sits in the big chair and is gets his ring kissed over the whole affair.
But by mid-October the market will be in free-fall. The commercial real estate, consumer debt, and bailout bubble that Bernanke blew up to hide the housing bubble will be popping in full force. Real unemployment will be near 20%, and though the news media will likely still be going over to Japan to import green shoots, the American people will be crushed.
This is the only radio station that should be playing. We'll never even get to healthcare. The economy will exploding before both Houses have a reconciled bill on the President's desk. And the nation will have one giant "Oops" moment, as we collectively realize that all this time we should have been talking about nothing else but the meltdown.
The idiotic channels that must be turned down so that we can hear ourselves implode are:
1. Healthcare, as mentioned.
2. The junk-science lunacy that is Global Warming.
3. The world ending in 2012.
4. The much ado over Obama's birth certificate.
5. Illegal immigration.
6. Antidepressants.
7. All things Karl Rove and Dick Cheney
8. All things GM
9. Every and all stories about Obama painted as The Joker.
I leave the door open for Swine Flu if it gets serious, Afghanistan and Gitmo. But only when our main station is in commercial.
Friday, August 14, 2009
That which does more, costs more
For the last few years, we've been having a national freakout over the "rising cost" of healthcare.
And the underlying assumption, without even questioning it, has been that rising healthcare costs are a bad thing. But is that true?
And everyone is carping over the fact that healthcare has risen to 16% of our economy. But it's just assumed this is a bad thing, but is it? Imagine if healthcare advances to the point where we all live to 200. This may involve not just hip replacement, but perhaps new organs grown in the lab, and a whole host of other advances. So what would be the problem, if by then, healthcare was 50% of the economy? It would be a bigger economy, since so many people would stay healthy for so much longer. Of course living to 200 would require medical equipment manufacturers, skilled doctors, pharmaceutical resources etc. and the jobs that come with it. It would be 50% of our economy, but that would be a good thing!
Meanwhile we have the 500 pound gorillas of the economy and terrorism waiting to throw us around the room like a piece of Samsonite, and Obama is not hosting a single town hall about those issues. Our leadership is blind, and we're following it, with our newly replaced hips, right into a ditch.
Thursday, August 13, 2009
Colonel Obama, you look marvelous in those Gucci sunglasses!
Took me a while to figure out how to understand the man. I puzzled on it for a couple months, then it all came clear. Barack Obama is a Thirdworldist. And when I learned to shine his light through that prism, I found I can split his colors in a way that never fails me.
The man strives to foist on us as much of the Third World as he can get away with. And when I started picturing a tackily over-decorated colonel in mirrored sunglasses, heading a Latin American junta, the real Barack Obama tuned in with complete clarity.
A Latin American Colonel in Mirrored Sunglasses will want to:
1. Do everything possible to make criminals out of the last leadership, while publicly saying it ain't so. Come as close as possible to hauling the previous government in front show tribunals. When this cannot be done physically, then at least cement them as criminals in the tribunals of our minds. The point being, Third World Colonels in Mirrored Sunglasses must always live in a perpetual state of reminding the people that outlaws populated the last regime. This must be said again and again, so many times, that the public (at least in the Colonel's mind) will thank their lucky stars that finally they have a moral, ethical and spiritual super-being occupying the Office of El Presidente.
2. Work to make the United States just another nation, continually floundering around in search of an identity. One that needs to shut it's mouth and hear from all the poor peoples it has oppressed over the ages. Open mouth only to apologize, the age of speaking is over.
3. Do everything possible to debase the US currency. Equalize everyone by making the cash of the rich worthless, and everybody else's along with it. The more worthless the cash, the more important the Colonel.
4. Make at least 20% of the nation unemployed. The nation must muddle through the muck of stifling, nutty and arbitrary regulations administrated by an army of bureaucrats reporting up to El Presidente.
5. Have a squad of brownshirts working the streets. These thugs, disguised as democratists and get-out-the-voters, are really there to make sure all ground operations go to the Colonel's liking, and that the public understands that the Colonel has lots of boots on the ground.
6. Perpetually gin up a crisis such that right now is the only opportunity there will ever be to act. Whatever the emergency measure, don't sweat the details - you must put aside all doubt and trust the Colonel.
7. Have a state run press that under all circumstances continually drumbeats about how things are getting "better and better." Whole new definitions of "good" and "progress" must be conjured. The main mission of this press is to hypnotize the people into supplanting what they see and experience in their everyday lives with the happy-smiley-truth that the Colonel supplies.
And yes, the Colonel is stylish. He always looks fabulous in those Guccis. You can't afford a pair, but down the street there are some Chinese knock-offs that you may be able to get your hands on for a few Canadian tourist dollars and a couple gasoline ration coupons.