Peter Schiff, who accurately predicted the market crash, responds to POTUS

Peter Schiff responds to Obama's non-State of the Union Speech. Schiff is a well-known economist/investor who predicted almost to the day, the Sept. 2008 market crash.

Schiff has been featured on most financial TV shows.

He notes that Obamanomics shows a "total lack of understanding of basic economics."

I have to ask if this Obama/ultra-liberal strategy is designed in its means to purposely wreck the economy for the ends of commanding the economic heights of the American economy.

The Obama people are very smart. If the desired result is to strengthen the economy, the Obamanomics strategy would never, ever have been considered, let alone enacted into law.

Certainly, there are "statist" businessmen (Wall Street/Auto execs./Union bosses, etc.) who favor saving their gravy with bailouts, but at what cost to the American economy?

The union line used to be, "how can the worker building the product afford to by it if he doesn't get a decent wage?" Fair enough, but I ask, "how can worker have a job when the market has been destroyed by government and their statists cronies driving us into an unpayable long-term debt for short-term gains?"

I encourage you to watch Peter Schiff's analysis and track him.

I will post more of his offerings so you can check back here to keep up-to-date.

Dilbert cartoon on the gov't bailout

Play 0bama Bingo tonight!

Click the link, http://twurl.nl/mlle80 then print your 0bama Bingo card for tonight's big government speech.

 

When he say one of the phrases on your card, mark it.  Enough marks make BINGO!

 

Maybe you will win some big Porkulus or TARP $$$.

The current credit crisis visualized (Parts 1 & 2)

This video gives one a clear understanding of the current credit crisis. (Part 1)



(Part 2)

More anti-Porkulus demonstration pix: "Free beer for my horses"

Photo and story link:  http://michellemalkin.com/2009/02/19/gimme-gimme-gimme-more-scenes-from-the-anti-obama-backlash/

 

 

FUND BIKINI WAX NOW!

 

 

BIG SCREEN, TOO!

 

 

 

Just another funny photo

 

Porkulus bill measured in weight of $1 bills

Every dollar bill (and every other US bill) weighs about one gram or 0.03527 of an ounce.

Porkulus has $787 billion dollar bills which weighs 27,760,608,015 ounces.

16 oz. to the pound means Porkulus weighs 1,735,083,001 lbs.

1 ton equals 2000 lbs, and Porkulus weights 867,519 tons.

The maximum take-off weight of 0bama's Air Force One is 833,000 lbs. which means Porkulus weighs 2083 times greater than fully loaded Air Force One.

The American Consumer has it right -- Savings not Spending (Video)

"The Worst is yet to come"

There's no question the American consumer is hurting in the face of a burst housing bubble, financial market meltdown and rising unemployment.
But "the worst is yet to come," according to Howard Davidowitz, chairman of Davidowitz & Associates, who believes American's standard of living is undergoing a "permanent change" - and not for the better as a result of:

An $8 trillion negative wealth effect from declining home values.
A $10 trillion negative wealth effect from weakened capital markets.
A $14 trillion consumer debt load amid "exploding unemployment", leading to "exploding bankruptcies."

"The average American used to be able to borrow to buy a home, send their kids to a good school [and] buy a car," Davidowitz says. "A lot of that is gone."

Going forward, the veteran retail industry consultant foresees higher savings rate and people trading down in both the goods and services they buy - as well as their aspirations.

The end of rampant consumerism is ultimately a good thing, he says, but the unraveling of an economy built on debt-fueled spending will be painful for years to come.

Pix of anti-Porkulus rally in Denver

Here is a link to some excellent photos of the rally in Denver where 0bama signed Porkulus.

 

http://www.lookingattheleft.com/2009/02/no-to-obamas-pork/

 

Of course, the drive-by media didn't report ... no suprise.

Sexy? The Guinness record for longest EAR HAIR

Click here for photos of world's longest ear hair: http://www.dailymail.co.uk/news/article-1147686/Pictured-The-man-worlds-longest-ear-hair.html?ITO=1490

Does God work this way?

This made me laugh:  "A little boy prayed for a bike. Then he realized God doesn't work that way so he stole a bike and asked for forgiveness."

Obama is both state and religion combined

Obama books displayed under "Religion" at Texas bookstore

 

 

No earmarks in Porkulus, eh?

"Dingy" Harry Reid is telling his constituents that he has secured Porkulus money for a LA-2-LasVegas high-speed gambling train.

 

In 1997, Amtrak had a similar route.  It failed

 

A private company is currently building such a route using private money.

 

Reid will kill off this private effort.  I believe this shows that he's a dirty player.

 

This information comes from the Senate Conservative Fund which is chaired by US Senator Jim DeMint.

 

Here is the link to the story:

 

Just two days after President Obama told the American people the economic stimulus bill will have "no earmarks", the Associated Press reports that Sen. Harry Reid (D-Nevada) is telling his constituents in Nevada that he has personally worked out a deal as part of the House-Senate conference committee to get them money for a high-speed gambling train.

In late-stage talks, Obama and Senate Majority Leader Harry Reid, D-Nev., pressed for $8 billion to construct high-speed rail lines, quadrupling the amount in the bill that passed the Senate on Tuesday. Reid's office issued a statement noting that a proposed Los Angeles-to-Las Vegas rail might get a big chunk of the money.

This of course exposes the little game the President is playing with the public. He tells everyone there are no earmarks in the bill but then turns around and either (a) gives the money to the states, which he knows will fund the earmarks, or (b) instructs his agencies to fund the earmarks directly. It's all very clever, if not deceptive.

Reid's high-speed gambling train not only violates the President's guiding principles for this bill, it also violates American taxpayers.

How then would Adam Smith fix the present mess?

Sorry, but it is fixed already. The answer to a decline in the value of speculative assets is to pay less for them. Job done.

We could pump the banks full of our national treasure. But Smith said: "To attempt to increase the wealth of any country, either by introducing or by detaining in it an unnecessary quantity of gold and silver, is as absurd as it would be to attempt to increase the good cheer of private families, by obliging them to keep an unnecessary number of kitchen utensils." [Page 440, The Wealth of Nations]

 

The writer, P.J. O'Rouke, is a contributing editor at The Weekly Standard and is the author, most recently, of On The Wealth of Nations, Books That Changed the World, published by Atlantic Books, 2007

Read the full Financial Times article

It's not that complicated, "Economics in One Lesson" (1946)

If this paragraph had been written yesterday, one would admire it as a remarkably precise explanation of recent events. But the truth is much more impressive: it is from a book first published in 1946, Henry Hazlitt's Economics in One Lesson --

"Government-guaranteed home mortgages, especially when a negligible down payment or no down payment whatever is required, inevitably mean more bad loans than otherwise. They force the general taxpayer to subsidize the bad risks and to defray the losses. They encourage people to "buy" houses that they cannot really afford. They tend eventually to bring about an oversupply of houses as compared with other things. They temporarily overstimulate building, raise the cost of building for everybody (including the buyers of the homes with the guaranteed mortgages), and may mislead the building industry into an eventually costly overexpansion. In brief, in they long run they do not increase overall national production but encourage malinvestment."

 

Thanks to the Ayn Rand Center for posting the above information.

Video: Foxes jumping on a trampoline

RINO it tastes just like PORK

Amusing little article on the Porkulus spending bill: http://sonoranalliance.com/?p=3754

US Soldier tells Iraqi police where the bear s*#ts in the woods

A US Soldier unleashes a foul mouthed, tongue lashing to Iraqi policemen (You have got to see this!)

http://www.liveleak.com/view?i=0a3_1233765334

A good breakdown of bloated US Senate stimulus for big gov't bill

From Nation Review: http://article.nationalreview.com/?q=YjcyODIyZGM2MGU1ZDdkNDgxZDc3OTNjYjM4ZDY1ODI=

Daschle's "old car" campaign commercial

Watch Daschle's old campaign commercial and see what a hypocrite he actually is:



Daschle did the right thing walking the plank. Not to worry, he'll have a limo to wisk him away after he dries off.