Posts tagged ‘mortgage bailout’

The Chinese Government Insults Obama


Today Obama’s Secretary of the Treasury, Tim Geithner, made a speech to Beijing University about Obama’s dedication to avoiding inflation and preserving the value of the dollar despite our “need” for massive stimulative spending financed by deficits. He said that China should not worry about the value of the dollar underlying their massive purchases of US debt, because the dollar was sound.

The response in America was a massive rally in all sectors of the stock market. The US rally even included a firming in Treasury bond prices, which had been falling and the yields rising out of fear of inflation from the Obama deficits.

In contrast, the professors and students in Beijing broke out in laughter at the ridiculousness of Geithner’s speech.

It is impossible to overstate the importance of Beijing University laughing openly in the face of a senior US official. To the Chinese, face is everything. For an audience to laugh openly at a senior government official is unthinkable. It is a great insult to Geithner, to Obama, and to America.

And it represents a top level communication of  the Chinese government that our government are such fools that it is permissible to insult them/us by laughing in our face in public.

Such an action insulting a Chinese government official would be punished by immediate disappearance and life imprisonment.

The US media suppressed all coverage of Bejing laughing at Geithner/Obama, or the stupidness of the response of the US markets to the same speech.

And that is why America is doomed. China understands that our government policy is laughable, doomed, and worthy of unthinkable direct insults.

The American media and financial world believe that the same speech is cause to buy stocks, bonds and enjoy euphoria.

One nation is inhabited by fools. Guess which one?

June 1, 2009 at 7:23 pm 1 comment

Idiot Obama Is Trying To Reinflate The Housing Bubble and Create An Even Worse Crash


Idiot Obama is setting mortgage rates so unrealistically low that he will cause re-inflation of the housing bubble when what we need is the opposite.

Home prices need to come down to the level of the 1990s, or drop another 30 to 40 percent for an average used home price just over $100,00 to $110,000.

No true bubble is cured until there is serious deflation and we have just begun to see it.

Fannie Mae is still putting out no money down and 5 percent down mortgages, which is what got us into this mess.

And Brainless Barry’s cram-down in which banks have to write down mortgages just means more banks will lose even more money.

Banks will lose money on the new mortgages being written because people will default when they lose their jobs to China.

Then taxpayers will have to give even more money to the banks.

Obama must get rid of Fannie Mae and GNMA; require 20 percent down payment on new homes; and limit credit card greed by the banks.

Until then Obama is just setting us up for another round of real estate crashes and bank failures.

That will require even bigger taxpayer bailouts, and our dollars and life savings will become Obama Paper, which equals toilet paper.

But you canot invest in real estate to get out of cash because real estate will crash again, and stocks and bonds have truly become toilet paper.

Brainless Barry, you really screwed us.

March 24, 2009 at 11:31 pm 3 comments

Obama Launches Media Conspiracy Against Stock Market


Brainless Barry cannot learn: every new plan he announces knocks the market down farther, lower and lower.

Now that Obama has noticed that I and many other bloggers are saying that the stock market selloffs represent the hard working and saving people of Main Street America voting against Obama’s Communist bailout plans, suddenly every mainstream media has launched biased attacks on this idea.

Even Colbert and Jon Stewart are devoting entire shows to making fun of the stock market declines as you and I voting against Obama.

This is CNN bias, media bias, and media conspiracy to discredit everything and everyone who disagrees with the Messiah.

Obama’s socialism will not work. Every new plan he announces knocks the market lower.

This IS America voting against Obama’s lunacy.

March 5, 2009 at 12:39 pm Leave a comment

Celebration! Already Just Passed 12,000 Views


Thanks to the most intelligent viewers I could hope for. The two most viewed posts are the one on Obama’s Executive Experience and his achievements during his first seven years as a paid President halfway down the post at  

THIS OBAMA LINK

and my proposed new Treasury Dept. Hundred Billion Dollar Bailout for those truly in need at

THIS BAILOUT LINK

Look for two new posts even better than these on

“The Most Wonderful Time of the Year” which is not what you think,

 and

“Newly Discovered, Scientificly Proven, Medical Cause of Homosexuality – Part One” 

and naturally, ditto Part Two

Thanks again,

I love everybody!

MERRY CHRISTMAS

and

MAY GOD BLESS YOU ONE AND ALL

because the Democrats won’t

December 28, 2008 at 11:21 am Leave a comment

Obama and Congress Sold America Out Again


These morons are actually going to bail out the big 3 auto companies and let them collect yearend Christmas bonuses this month.

My recommendation is ten cents each for all the officers and directors of GM Ford and Chrysler. In fact that is also my recommendation for the 2009 annual compensation for Nancy Pelosi, Harry Reid, Barack Obama, Joe Buy Me Cheep Biden, and everyone else in both Houses of Congress: ten cents a year. And no more free room and board for Nobama’s aunt in public housing in Boston or his mother in law.

December 8, 2008 at 5:32 pm 1 comment

Legalize Gay Marriage? Legalize Prostitution, Then Bailout Viagra With Free Vouchers to Bordellos


Well, we have legalized executive crime, and are using an amount equal to all the taxes that will be collected in the next 20 years to reward other business criminals, such as the auto executives and Wall Street and the ACORN fraudulent mortgages.

Now the citizens of that Socialist, bankrupt State of California are rioting to overturn the will of the people expressed by a clear super-majority vote in a clean and fair election. Specifically the homosexual population are proving that the false and misleading title they have chosen for themslves of “GAY” is untrue, and they are not behaving like cheerful and gay citizens, but like grumpy sore losers and want to find a “GAY” judge who is willing to overturn the will of the people and write bad law from the bench.

Might as well continue the government programs designed by the Democratic Party to destroy marriage and the family by legalizing prostitution.

That is another program being pushed by Gavin, the “I am not queer, I just look and talk that way and support all gay causes by accident” Mayor of San Francisco.

In fact, since we are bailing out everything and giving money to everybody, maybe after we legalize prostitiution, we can have people check a box on their income tax return saying whether or not they have enough cash for prostitutes, and if they don’t, the government could send out a voucher good for one free visit to the bordello every week.

In keeping with Obama’s “spread the wealth around” policy, low income men could qualify for welfare bordello vouchers, maybe as part of Food Stamps.

And we cannot have sexual discrimination. Women must also get bordello vouchers as part of their welfare. Of course, unmarried mothers pose a special dilemma: Obviously they found sex somewhere! But can we pay for them to have more sex and more babies for the working taxpayer to support. Of course we must! They have rights. If we can pay for men to get sex, we must pay for women to get sex.

And we must extablish gay bordellos, because once gays can get married, they will probably suffer the same absence of sex that afflicts married straight men.

Do not forget the huge population of unfortunate gay women trapped in marriages to straight men. Psychologists must be able to dispense free medicaid vouchers to lesbian bordellos for these victims of straight marriages.

Muslims would get bordellos with foot baths and prayer rugs in case the six hour Viagra erection overlaps with prayer times. And the girls would wear facial scarves. Maybe someone could email me about how Burkhas would fit in this government welfare plan?

And if any bordello runs out of cash, we could use tax dollars to bail them out. After all, where could anyone find a man who will not claim he urgently needs more nekkid fems, ooops, except in San Fransisco?

Then we could give vouchers to doctors, and if someone called in with the erection lasting more than six hours, like the Viagra commercials warn of, then the doctors could prescribe an emergency treatment of six hours in the FEMA run bordello.

Of course, vouchers for the bordello could be part of the Congressional Health Insurance package. This would greatly decrease the scandals in Congress. Such a policy would even have spared the most famous Democrat of all, Hillary Clinton of her husband’s Blue Dress Scandal.

See, sin and crime are entirely determined by perverts demonstrating in the streets and electing “I am not gay” mayors. Oh Oh, is this the ultimate extension of the way Harvard and Nancy Pelosi interpret the separation of Church and state.

The state uses tax dollars to pay for crime and sin, Democratically, whether it be in Detroit, on Wall Street, even in that den of iniquity and sin called Congress.

Church ministers are in violation of the civil rights law and subject to imprisonment  if they refer to gays as perverts, or to homosexuality as an abomination.

So, government in the USA advocates and pays for crime, capitalist failures, and sin. To speak out against sin is a civil rights violation.

Oh my God, is this post a civil rights violation? Can I be sent to jail?

Do not put me in jail, please, look, I am advocating legalizing prostitution, including gay prostitution. Isn’t that enough sin to keep me out of jail?

December 3, 2008 at 3:04 pm 12 comments

Paid Communist Agent Behind Barack Obama


Read this fantastically detailed article on paid Communist Agent behind Barack Obama and David Axelrod!!!

November 1, 2008 at 6:26 am 1 comment

Results of Early Israeli Votes for Obama


Surprise! Israel landslide 76% for John McCain!

Last nights poll of American citizens voting by absentee ballots in Israel votes 76% McCain, only 24% Obama

October 31, 2008 at 10:53 am 3 comments

4,316 Best Reasons for Barack Obama


Click on THIS VIDEO for 4,316 best reasons to vote for Barack Obama.

October 31, 2008 at 10:34 am 1 comment

Obama’s Economic Plan


It is unfair to Obama to expect him to have any understanding of the for profit, free enterprise, small business, retirement savings, or even having a family to meet a monthly budget, because Sen. Obama has never had any contact with these issues that make up most of America, even though he wants to CHANGE all of that.

He never met a family budget because nonprofits, charities, political contributors and the taxpayers, along with Muslim extremists, have always given him everything he wanted. So, maybe he is not just like us. Here are his latest proposals, which, OF COURSE will cost taxpayers even more billions on top of the trillion of new spending he already propposed:

Obama Want Us to Save Less, especially for Retirement

Obama was on TV today Oct. 13, 2008 saying he wants us to take $10,000 out of our 401(k) and tax deferred retirement savings tax free to help stimulate the economy.

Simultaneously, he wants stimulus to credit card, car loan and business loan companies to lend us more money.

Duh! Isn’t too much debt and lack of savings what got us into this mess?

Barry, the reason there are tax penalties on early withdrawals from 401(k) and other retirement plans are twofold:

(1)  We are supposed to accumulate our savings long term so the money is there when we retire. The tax penalty on early withdrawal is to prevent people from doing stupid things like stealing from their retirement for current pleasures. There is a concept called Deferred Gratification, but Barry wouldn’t know about it because his entire life has consisted of charities and taxpayers fulfilling his every need every day of his life. Barry took a four month trip around the world after his sophomore year in college without ever having worked a day in his life. Barry went to Indonesia, Pakistan and Africa with his Two Pakistani Muslim friends who today control his Presidential campaign finance. Where did the money come from for his “Round the Muslim World” sophomore trip, and where does the money actually come from for his current campaign?

(2) All retirement accounts are restricted to investments which help build the economy. Retirement accounts are either banking deposits, stocks and other instruments which supply capital to build the capitalistic economy. In case you have not noticed Barry, the government is taking a trillion dollars of taxpayer money to increase the capitalization of the same companies that will lose capital when people withdraw $10,000 from their retirement accounts.

So with one hand Barry will take money out of retirement capital investments, while the other hand uses tax payer dollars to inject capital into the companies from which the withdrawals come/

This is economic insanity. But if Barry has never been part of the economy, how can we expect him to know anything? I guess I am unfair to Barry for exposing his insane ignorance of the economy.

Obama Plan to Flush Money Down Toilet

Barry proposes to flush billions of dollars down the toilet. Barry, who has never had any involvement with a for profit business, free enterprise or the economy, now wants the government to lend directly to small businesses to meet their payrolls and buy inventory.

Although I am sure that when Barry’s plan is passed it will provide small businesses with money for absolutely anything.

Barry is so ignorant of how business works that he believes this will help the economy and build jobs.

Barry, the first rule of small business lending is simple. Read this Barry: Four out of five small businesses fail within three years.

For that reason real honest to goodness lenders will not lend to small business unless the loan is totally secured by tangible assets that can be sold to pay off the loan when the business goes bankrupt.

The reason small businesses will flock to the government for loans will be to take the money and run.

Any new government program to lend to small businesses is money that the taxpayers will never get back

Oh, then there is the matter of which voting groups would actually get the money? Are they the same people for whom ACORN gets toxic home mortgages? Surely these loans will not go only to people who voted for Barry.

  

 To help impeach Obama from the Senate and, god forbid, from the Presidency, send a blank email to impeach2008@gmail.com

 

October 13, 2008 at 3:43 pm Leave a comment

Older Posts


Blog Stats

  • 52,367 hits