Time Is Running Out
The Favorite phrase of the Obama administration. Now that anyone is buying it anymore.
It started with the financial industry rescue – which, at the time, was believable. Unfortunately there’s no end in sight. In 2010 we’ll have as many, if not more, bank failures, foreclosures and business collapses. If you want proof of what happens when government jumps into business look to the Ford VS GM yearly results.
The stimulus - Canada’s included. The cry was we need it NOW, and they haven’t spent much even after 6 months. It was a con to get money for political payoff and to further their agenda. Look for round 2 in the US. Thankfully Harper has kept a lid on ours.
American health care reform - they are trying to jam this down America’s throat even though it doesn’t actually start to reform anything until they’ve collected years of taxes. If you’d like to see just how big of a dog it really is, read this legal review. The reform is purely social engineering and will do nothing to improve costs or quality of health care. There will still be millions uninsured, although they will face fines and jail for not being insured. Americans hate it and it has awakened the silent majority.
Our world – we’re all going to drown soon, the globe is heating up faster than ever, our ice cap will be gone in a few years… and NOW is the time to transfer all of our money to the third world. Fortunately Copenhagen collapsed. That’s what happens when you gather the world’s Marxists and dictators together. It was meant to be a foreign-aid bonanza… or at least they hoped for one. They’ll try again in Mexico.
Obama-change has broken the bank… and now China is warning it can’t buy US debt. This should be a dire warning, but it’s apparent the Obama agenda trumps common sense. The Chinese have been sending the message for months, but no one is listening.
Onward they go, forcing massive spending bills through. California could be first to collapse – It already costs 2.35% a year of principal to insure Californian municipals against default, according to CMA DataVision, nearly as much as it costs to insure Greek bonds. The treasury will need to be buying these soon, and it doesn’t have the money.
2010 doesn’t look good, thanks to the Obama-looting in 2009. The US will see skyrocketing taxes, higher unemployment, and huge government growth.
The progressives are in a panic, because they know this is will be a short-lived opportunity – where they have complete control – to radically change the US to their socialist ideal. Obama’s first year makes Jimmy Carter look like a genius.
Real Hope’N'Change should come later in 2010, when congress is voted out. Hopefully, Republicans will embrace the tea party ideals, and we’ll see a return to sanity. The odds of the Nancy and Harry show being around in 2011 are slim to none.
Let’s hope it’s not too late.
The real fallout in Canada hasn’t even started yet, and when it comes, we’re in for a shock. We continue to spend at an unsustainable rate and Canadians today are deeper in debt than ever. Oil is the only thing holding things together right now. If commodity prices were to drop substantially, we’re in big trouble. A second world financial crisis (which is inevitable) would drive commodities down.
Time to slow down and start putting money away… rainy days may be just around the corner.
December 20th, 2009 at 11:15 am
“It started with the financial industry rescue – which, at the time, was believable”.
Really? To which math challenged moron was this believable?
To which history deficient being is this being attributed as believable?
AGW is believable if you failed grade eight science, the “earth is flat” is believable if your ignorant.
The effin bankers made a killing, we got hosed, the reality of the situation was never addressed and that’s that it was an orchestrated collapse by the USA government via Carter and Clinton and the central banks to loot the western countries.
I’ve read your blog a few times now and your just not too bright are you?
maybe you should read rather than write.
December 20th, 2009 at 11:59 am
For a librarian, you sure seem to miss the point.
They fooled us with a believable rescue. Turns out it was a scam.
It then evolved to a record spending binge under the guise of “crisis”. And it’s a long way from ending.
I don’t see how Carter even figured in on this.. It was Bush thanks to a democratic congress that kept the lending going to people that should never have gotten loans.
Great blog by the way