Thursday, February 12, 2009

Obama Plan Crashing Stock Markets

Barack baby are you happy to see me or is that the stock market crashing in your pants?

The Obama Letterman cocktail crowd got a dose of it's own medicine in Joaquin Phoenix actually was literally not impressed that David Letterman has a television program, and literally Mr. Phoenix could care less who Letterman was.

In age of fake messiahs this was refreshing, but had the liberal press all aflutter in how Phoenix could treat Letterman with such indifference. They have now labeled him odd, because he didn't put on an act faking adulation for Letterman or pretending that he wanted to be there.
I have pointed out before that Obama supporters actually think Birdie is going to stop by for a wine and caviar. These same people actually think David Letterman "likes" them when the fact is the question remains, "Just when was the last time Letterman invited any of these viewers over?"

This is the schizophrenia of the Obama Big Brother age. It was hilariously let loose in an AP column which was panicking that in January consumers actually bought things, retailers sold things and it proved all the "economists" wrong.
To put it bluntly, as I noted people still have to buy things, there are numbers of people who are not idiots in debt who have money yet to spend to pick up deals, and falling fuel prices is giving consumers extra cash again to buy extra things.
The point proves that there are as I noted several economies operating. The robber baron economy is in constriction, but the economy of the people who balance their checkbooks is just fine.

I will point out something which no one has yet noted and that is all of the corporations firing people are not firing people because they are loosing profits, but because the EXPANDED too much, have too large of inventories, put STORES INTO LOCATIONS THEY KNEW WERE BAD INVESTMENTS ALL FOR INCOME TAX DEDUCTIONS.

I will repeat that again so people get this point. When a business like coffee bucks for stars puts stores in an expansion, where they are making millions of dollars, they get tax deductions, which instead of paying taxes, they funnel that money back into their companies by deductions.
They claim a loss in what is happening now, which means a second wave of deductions.
They still have the property and buildings which means another boost in their revenue or if they are in a mall, they close the lease and do not have that expenditure for a zero gain.

The end result is these companies laying people off, even a Circuit City in liquidating is now placing on the books, below value prices for a loss, when those same televisions are being sold as a profit when marked down.
Do not believe that any television costs 1000 dollars. If made in China, they probably have 200 dollars of material, slave labor and subsidized Cosco shipping. So your great deal at some television markdown is still making that company 500 bucks off of the sucker buyer, and, if the company is smart, it is marking off a 300 dollar loss, which is a tax deduction.

Gee and yet no economist or reporter who covers the economy will note any of the above. I don't suppose that they all are working for immense corporations doing the same thing in firing people they hired not to work, but for tax deduction purposes and to in flow funds into the bankrupt Social Security on government contracts.
This is really elementary common sense stuff people. You don't have to be Donald Trump paying of union thugs to get a job done to understand all of this.

The AP's Marcy Gordon though was so flummoxed that she and her editor in Obama diarrhea of the keyboard plunked out his gem:

"But higher gasoline prices and sales, and buyers snapping up other items on post-holiday discounts appeared to aid last month's results."

Higher prices Marcy is not what you meant. It was lower prices in gasoline and sales which had people buying things.
Sweetie, don't worry your Obama kickback is coming, so don't loose all your self esteem in a coming Obama economic failure.
Even one of Obama's economists was talking down the good news in Ian Shepherdson making the claim the "news was welcome, but it unlikely will not last".
(What is it about people with Shep in their name and claiming to be economists are such parrots for Obama.)

The fact is the constriction on Mexicans buying homes illegally will last, at least until Obama starts employing them in road crew jobs.
The rest of America is chugging along quite well outside the liberal left and east coasts, or communist enclaves like Minnesota which never met anything it was not taxing or handing money out to.

The Stock Market of course in watching this is in an epic plunge, not because so much the robber barons want money out of it to plunder, but because the natural constriction of investment is looking at stocks and saying, "There is no extra money flowing into these sham companies from this Obama kickback, so I'm taking my money out".
That is why worldwide on Obama economic nation rapist and kickback policy the world stock markets are tanking.

Do you think it would be banner headlines if George W. Bush or John McCain was going through now a 1000 point drop in the collapse of the Stock Market and it taking down the rest of the world?
Sure it would, but as Obama is their boy, the media and financiers have nothing to note about this erosion of trillions of dollars in the value of United States companies.

Ponder that over for a long while in with Nancy Pelosi extending the derivatives constriction to get Obama elected, European finance hammering the housing and derivatives market and now Birdie Obama with that idiot Tim Geithner, Americans in 401k's, businesses, states and employees have had an estimated 12 trillion dollars lost in this charade.

These are criminal matters of economic terrorism, but there sits David Letterman skewering one of the few actors in Hollywood who can act in Joaquin Phoenix for not giving a crap a racist, self absorbed, Christian hating, American loathing, bastard producing old creep has him on television, but David Letterman will not notice that Barack Obama is raping the economy, and is in the process of stealing, another trillion dollars for his Letterman cocktail crowd cronies.

I still hope for the day that Barbara Bush goes on Letterman and clobbers him with a right hook. If Phoenix did it, he would probably break the old fossil Dave and kill him.

I still hope for the day that America wakes up to what it has been witnessed to here, because the economy is regulating as it did in Franklin Roosevelt's time and just like in FDR, BHO is jigging this constriction to last until summer 2010 for Democratic elections.

The people who do business are not in favor of Obama and the markets prove it. Joaquin Phoenix didn't buy into Letterman which proves he is as big as farce as Obama.

So no Michelle Obama, Birdie is not sporting wood in his pants in being happy to see you, that is just dickhead David Letterman in his pants and the sound you hear is the stock market crashing.

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