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View Full Version : A Snakebit Prez and the 2011 crash



AirFlacco
06-19-2010, 02:35 AM
One can't blame ole OBY for feeling a little snake bit. His numbers just sank to
a new low and he is appearing jittery and is looking like a Jimmy Carter, a nice guy who is a
disaster just waiting to happen.

Carter couldn't help it when Iran took the hostages although he bungled it badly
both diplomatically and militarily with the ill-fated rescue attempt of Delta Farce.

OBY can't help it that an oil rig exploded emptying spillions of gallons of oil and
ruining the gulf coast line and beaches but he is getting blamed for the slow
govt response just like W did for Katrina. At least he was in his second term and couldn't
lose re-election like OBY.

That after getting blameed for pushing OBAMACARE which the country hates is costing
DEMs all their seats in Congress and his numbers to fall faster than Madonna's skirt. It
took W 8 years to get 41%.

At least give him credit for getting a $20B check from BP. Actually, BP said the check is in the mail-lol.
Then he leaves DC where it was raining to play golf in
a sunnier area of the country. He should have asked for $1T from BP which would cover his first
buyout of the banks but $20B is a nice start. Good job OBY - my man!


But, he will never recover from the next scheduled disaster - the next economic crash scheduled some
time after Jan 2011. That's when W's tax breaks end and they go up to pay for OBAMACARE. It's gonna
hit the middle class too. The White HOuse even said they were wrong in saying only the rich would
pay for health reform.

This was the headlines of the respected Wall Street Journal as taxes increase and money is shifted, the train will
go off the track and we'll have a double digit wall street crash. Even Warren Buffett said there would be a crash
from the buyouts after all the derivatives hit the street, which hasn't happened yet. That is a different story.

Buffett said the PPT won't even be able to stop that.

Meanwhile OBY THE PREZ was in Ohio telling Ohioans how great things are. Did you know that trip, a 2 hr plane
ride to pimp a senatorial candidate even after all his other campaigns have lost cost
tax payers almost $1M to send AirForce 1 plus the military planes carrying his limo plus all the secret service
vehicles that follow - you know -all those black ones loaded with fully automatic weapons and bullet proof windows.

And this from the Wall Street Journal. See here.


_______________________________________
The result will be a crash in tax receipts once the surge is past. If you thought deficits and unemployment
have been bad lately, you ain't seen nothing yet.
________________________________________

Not to mention this: $7 pr gal gas prices according to a recent Harvard study, which will sink his numbers
even lower. We told you he was too inexperienced but this is where we want him - ruining liberalism forever.

Read and weep.

_____________________________
Harvard Kennedy School's Belfer Center for Science and International Affairs thinks it "may require gas prices greater than $7 a gallon by 2020" to meet Obama's stated goal of reducing emissions 14 percent from the transportation sector.
_____________________________

Read more: http://www.nypost.com/p/news/opinion/opedcolumnists/gallon_gas_9GlF3o1xIcIBelOV3k0RsK#ixzz0rIKoTBxt



Nope, you can't blame the Prez for feeling snakebit.


http://www.nypost.com/p/news/opinion/opedcolumnists/gallon_gas_9GlF3o1xIcIBelOV3k0RsK




http://online.wsj.com/article/SB10001424052748704113504575264513748386610.html

AirFlacco
06-29-2010, 11:08 PM
Looks like things are shaken up already but this has nothing to do
with the tax cuts ending. Wait til that hits on top of this.

Markets slammed for biggest fall in 8 months. DOW falls below 10,000 pts.


http://money.cnn.com/

jonboy79
06-30-2010, 07:43 AM
Don't be surprised if it hits 7k or lower next year.
We still haven't had the commercial mortgage or the consumer credit bubbles pop, inflation hasn't gone into high gear and unemployment is still paying everyone up and down the street....
I don't think we have BEGUN to feel the effects of this recession, and the initial handling thereof....

crpravens
06-30-2010, 09:46 PM
I really wouldn't consider Barry a good guy. Hence his 20 year relationship with the good Rev. Wright.

AirFlacco
06-30-2010, 10:37 PM
Don't be surprised if it hits 7k or lower next year.
We still haven't had the commercial mortgage or the consumer credit bubbles pop, inflation hasn't gone into high gear and unemployment is still paying everyone up and down the street....
I don't think we have BEGUN to feel the effects of this recession, and the initial handling thereof....

Speaking of the consumer credit pop, I posted a link on another thread quoting the Bank of England saying our
situation is as bad as Greece's which is whatthis trouble is all about (and now you can add Spain to the mix as
they are rioting over their austerity program and debt too) and OBY wanted to print $1T for them but
Gethner said no.

So Jon is right and we're getting crunched from that as well. Not a good time to be a DEM.

http://content.usatoday.com/communities/onpolitics/post/2010/06/national-debt-soars-to-highest-level-since-wwii/1

And in another completely different matter, John Crudele of the NY POST whom I also
quoted in here is being slammed by the Census Bureau for making the
country aware of their phony jobs to make the unemployment rate lower,
sorta like Rush getting audited by IRS every year. The Bureau is after him for showing that
thousands of jobs they created were temporary as they hired seasonal surveyors to interview
people. I got a visit from one of them and I said I wasn't talking to any one from this commie
gov't. Turns out I can get fined $500 for not cooperating. Their surveys ask personal questions like
how much to you make per house hold and what not but two top officials were fired for printing
those surveys. People say an interview takes about 30 mins of your time.


Crudele can prove his numbers as given to him from people in the trenches. Take away those
temp jobs and include people with part time jobs that can't get full time jobs and people forced to
work 4-day work weeks and the unemployment figure doubles to 20%.