What explains Scott Brown's victory, part II.

This does.

What explains Scott Brown's victory?

This does..

" All aboard the crazy train" or "Orwellian Nightmare Gone Wild"

Folks, you pick the title. Either one applies, when you read the news on MSNBC that the adminstration's stimulus has 'saved' 2 million jobs.

http://www.msnbc.msn.com/id/34837961/ns/business-economy_at_a_crossroads/

Not only that, but ...brace yourselves....the wizards in the White House may even be underestimating the number of jobs 'created or saved'(whatever that means). Things may be even better in La-La land....

According to MSNBC...(cue the circus music)

"In addition, the White House said 640,000 jobs had been saved or created by direct recipients of stimulus money, implying that this estimate may be on the low side.

Money pumped into the economy can have an amplified impact on hiring that goes beyond the value of its dollar amount because of so-called multipliers that gauge the ripple effect on the economy as the government pumps in money."

Cue the applause...(crickets chirping)

Wow, while you are digesting that, please do not forget that in the 'attempted' 'man-made disaster' on North West flight 253, the DHS 'system worked'. Now back to jobs...

What does a job 'saved or created' actually mean. Is it a real number, is it based on reality? See this link for a nice analysis.

http://online.wsj.com/article/SB124451592762396883.html

Long story short, it is complete speculative BS (Barack Statistics, aka BullS#@t). It is however, brilliant, since it allows the adminstration to deflect any culpability and accountability (eg. "more jobs would have been lost without the stimulus'). So why does this adminstration get away with it in the MSM? Perhaps it is the 'thrill' up the legs of liberal shills like Chris Matthews that stops them from questioning the president?



Or the need to "help this president succeed"



Wow!

At this point, perhaps it is important to consider this little nugget from
George Orwell:

"Whoever controls the past controls the future, and whoever controls the present controls the past."

Let us rewind into the past, long, long ago when life was simpler and hope and change was in the air - one full year ago; when the legs of liberal MSM announcers were full of thrill. The Obama team released the Jan. 9, 2009 report called "The Job Impact of the American Recovery and Reinvestment Plan" where it was projected that the stimulus would keep unemployment below 8%. Huh?

So despite ALL of the money that you spent and all of the jobs that you 'saved and created', we at over 10% unemployment (the low-ball official number).

Mr. President, when we wipe away all of the Orwellian weirdness can you just answer one question: where are the jobs?

Flashback: Congressman "We don't talk about these things"... ..hours from the "end of our economic and political system."

I wish every American would watch this clip. This is a classic on CSPAN, just following the bailout. While I appreciate Rep Paul Kanjorski's honesty, how much are we on the hook for now? A lot more than 800 billion he discussed(see previous posts on Freddie/Fannie bailout)! They are looting us to keep their Wallstreet/DC Ponzi scheme afloat-damn these grifters are good.

Thank God they destroyed free-market capitalism and our Republic and saved their idea of the current 'political and economic' system. Exactly what 'economic and political' system privatizes profits and socializes losses? Well at least our children and grandchildren have job security as debt slaves supporting the estates and luxurious lifestyles of looting, corrupt politicians and Wallstreet CEO's!

Want to starve the Wall Street looters? Here is a good start!

Move your money from a big bank into a community bank.

Merry Christmas Taxpayers you are on the hook for $8.1 Trillion in toxic MBS's. Thank you Mr. Obama!

Check out this article at Michael Pollaro's blog, TrueSlant:


"Fannie and Freddie, another American taxpayer nightmare"

http://trueslant.com/michaelpollaro/2010/01/08/fannie-and-freddie-another-american-taxpayer-nightmare/#more-161

Mr. Pollaro gives a brilliant analysis of the potential liability that the Adminstration's Freddie-Fannie Christmas Scam might create for the US taxpayer. As Mr. Pollaro points out, considering the 2010-2012 ALT-A and Option-ARM reset tsunami, the taxpayer is all but guaranteed to get hosed, and in a major way!

But take heart fellow Americans, we can always print the money and  if the rest of the world stops buying our debt, I am sure that the folks in DC will find a way to force someone to buy our Treasuries.

No?....just check out this link, which describe the  adminstration's efforts to "promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities"; which appears to be an attempt to by the adminstration to force Americans into Treasuries as an "annuity"  to "prevent the collapse of the Treasury market."

http://market-ticker.denninger.net/archives/1830-401kIRA-Screw-Job-Coming.html

My favorite quote fom this article?

"The forced-feeding of banks with fresh capital – whether they want it or not – and the seizure of the Fannie/Freddie mortgage giants before they were in fact in trouble (in order to prevent a Chinese buying strike of US bonds and prevent a spike in US mortgage rates), shows that private property can be co-opted – or eliminated – with little due process if that is required to serve the collective welfare."

(emphasis mine).
 
This Ponzi scheme just gets better! My God, these DC folks make Madoff look like a piker!

Flashback: Some classics from the health care townhall meetings- we need more of this!

An instant classic....



This one too....

My Daily Rant - "A Christmas present from Obama" or " Santa, can I have a lump of coal instead?"

Okay, so what pissed me off today? This does- pondering yet another example of the morally hazardous policies of the Obama administration that insists on bailing out irresponsible homeowners and CEO charlatans (please note that I also disapproved of Bush's bailouts).

Consider the 'present' that the Obama Administration gave to you, the Taxpayer, on Christmas Eve.

The  administration has provided Freddie Mac and Fannie Mae unlimited access to bailout funds through 2012- apparently the $400 billion taxpayer guarantee was not enough for Barney Frank’s darling GSE's!

Here is the full story.

http://online.wsj.com/article/SB126168307200704747.html#articleTabs%3Darticle

I really liked Rep. Bachus's observation that  "the Christmas Eve announcement was designed to prevent the general public from taking note."

Well as a Taxpayer, I am starting to take notice and, like many of my fellow Amerians, I am getting very, very pissed off.