30 December 2009

Obama - Pelosi to Private Economy: "Let Them Eat Cake"

Working for the government has never been better.  Working in the private sector -- not so much.

The US jobs picture for 2010 is discouraging.

Small businesspersons in the US still largely depressed.

Adjusted for inflation, the DJIA stock index is only at 8200

US running out of unemployment money.

Home equity lines drying up across US.

Corrupt and Inept Fannie Mae and Freddie Mac promote bad loans, high delinquency rates, new banking crises in the making.  Pelosi's House has already "set aside" $4 TRILLION for the next bailout to big banks.

Even more ugly abuse by Fannie and Freddie Read it and weep for a government that cannot learn from its mistakes -- and forces its people to pay for them over and over.

Obama - Pelosi's policies suggest they want everyone to be a unionised government employee.   Kill the energy industry with carbon cap 'n  stab, kill biomedical innovation and quality by nationalising it, kill the rest of the private economy with proliferating taxes, rules, regulations. Attention citizens: you are traveling on the Obama River. Now brace yourselves for going over the falls.


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Blogger Sojka's Call said...

This graph shows what you are talking about regarding Fannie and Freddie....

Since the US taxpayer will be on the hook for Fannie and Freddie and it will all be "off the books" but still an obligation, it will be another tax.

The Chinese, Mid-east sheikdoms and others who hold the Treasury bills we issue like water will, at some point, say no mas. That will be an ugly day. They are watching these developments closer than the average American.

Wednesday, 30 December, 2009  
Blogger Bruce Hall said...

...yet economists continue to tell us how great it is that China "subsidizes" us....


Sheep to the ....

Thursday, 31 December, 2009  
Blogger al fin said...

Oh, yes. You are both on the money.

These will be interesting years to come, on many levels.

Friday, 01 January, 2010  
Blogger Unknown said...

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Did you know the first third party in our country was the anti-freemasonic party? They were
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the tyranny, suppression, and oppression that we face today.

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Adam Vohrer
Vice President of C.C.R.G.

Citizens Committee for Restructured Government (CCRG)


Saturday, 02 January, 2010  

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“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell

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