Lipstick on a Pig from the Pros.!..

Fed Chairman Ben Bernake used a new term (at least to me) today- "the downside risk to growth has increased". What a bunch of gobbilty-gook politician-speak BS this is......

Translated this means "Holy crap, Another $800 billion and the economy is STILL going into the shitter!"

Translated into Palin-speak this means "Gosh darn, Another $800 billion and the economy is becoming a maverick!"

Well That Didn't Work-What Next?

Well I guess that extra $800 BILLION announced today didn't do anything...market down 335 at 1 PM.

Watch for a 3/4% cut to 1.25% from the Fed. That would effectively be zero money for banks as if they borrow money & leave it in the central bank for which the Fed is going to pay them 1.25%. They better extend the ban on short selling on financials (expiring tomorrow) and expand it to ALL short selling...

Watch- an interest rate cut will work positively for only a few days on the market- Paulson & Bernake have no idea how to fix this...they're grasping at straws.

Is a negotiation with Canada & Mexico over a combined new currency in the works? Think Amero......

Sweet Weekend Deals

Anybody investigating these sweet weekend deals the Fed & Treasury are arranging? A weekend deal supposedly gets done with Citicorp buying Wachovia for $1.5 billion. Citicorp would have to write of $42 billion in bad debt right away. Interesting the the FDIC fund has $42.5 billion it in- with no buyer for Wachovia would the FDIC have had to bail out Wachovia thereby rendering the FDIC insolvent and necessitating a bailout there?

Realize the FDIC only has enough bucks to cover a couple of failures-that why these deals are being done.

Then along comes Wells Fargo who offers $15 billion for Wachovia- ten times as much. Looks like Citicorp was getting a pretty sweet deal huh? Kinda like an insider deal. Pretty obvious average America's interests weren't being watched.....Expect more of the same in the future....

What Influences Politics? Take a look...

If you don't think campaign contributions play a big part in politics-take a look...

Goldman Sachs

Any wonder that Henry Paulson (former CEO of Goldman Sachs) is Treasury Secretary? Have you seen who Paulson appointed to hand out the $700 billion bail out? A former Goldman Sachs executive of course...Neel Kashkari....

Oh and by the way, the bailout isn't just the $700B- now the Fed is going to pump in ANOTHER $800 billion or so....

Let's see:
$700 Billion pumped into the stock market in the last year or so
$700 Billion bailout of banks
$800 Billion buying short term paper

And this isn't going to affect inflation? We'll see.....
That's 2.2 TRILLION dollars- we're screwed...

TAXES- Ain't it the truth!

Received this from a friend- I've seen it before but now I've got this great blog to share it!

What's happened to our nation?

A TAX POEM At first I thought this was funny... then I realized the awful truth of it. Be sure to read all the way to the end! Tax his land, Tax his bed, Tax the table At which he's fed. Tax his tractor, Tax his mule, Teach him taxes Are the rule. Tax his work, Tax his pay, He works for peanuts Anyway! Tax his cow, Tax his goat, Tax his pants, Tax his coat. Tax his ties, Tax his shirt, Tax his work, Tax his dirt. Tax his tobacco, Tax his drink, Tax him if he Tries to think. Tax his cigars, Tax his beers, If he cries Tax his tears. Tax his car, Tax his gas, Find other ways To tax his ass. Tax all he has Then let him know That you won't be done Till he has no dough. When he screams and hollers, Then tax him some more, Tax him till He's good and sore. Then tax his coffin, Tax his grave, Tax the sod in Which he's laid. Put these words upon his tomb, ' Taxes drove me to my doom...' When he's gone, Do not relax, Its time to apply The inheritance tax. Accounts Receivable Tax Building Permit Tax CDL license Tax Cigarette Tax Corporate Income Tax Dog License Tax Excise Taxes Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax (42 cents per gallon) Gross Receipts Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges IRS Penalties (tax on top of tax) Liquor Tax Luxury Taxes Marriage License Tax Medicare Tax Personal Property Tax Property Tax Real Estate Tax Service Charge Tax Social Security Tax Road Usage Tax Sales Tax Recreational Vehicle Tax School Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal Universal Service Fee Tax Telephone Federal, State and Local Surcharge Taxes Telephone Minimum Usage Surcharge Tax Telephone Recurring and Non-recurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax STILL THINK THIS IS FUNNY? Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids. What in the hell happened? Can you spell 'politicians!' ......