Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Monday, October 13, 2008

Bananas, Welfare and Racial Politics

Vanity Fair's Chris Hutchins says that today's America resembles the world's Banana Republics more than the true Republic that our Founders envisioned. This is all due to today's "fake Republic", Republicans that are anything but conservative.

Rocker Ted Nugent details his plans if was ever elected President. For starters, he suggests deporting everybody on welfare. Hey Redneck Teddy, does this include the recipients of the $1 trillion Wall Street bailout?

Much has been said about the Republicans have been playing the race card by using code words and rebel-rousings crowds. Nah!! You don't say!! C'mon, the cries of "TREASON!", "KILL HIM!" "TRAITOR" and "sit down boy" that have permeated their rallies are just innocent sayings.

In our new quest to become a communist country, a new report says Paulson is debating taking official ownership of the banks. Nothing "Banana Republic" about that I guess. The Brits have done it. Oh I forgot. They are already socialists in Europe.

Dow jumps over 900 points!!!

Thursday, October 9, 2008

Communism, Totalitarianism and Cool Rednecks

Gees, where should I start? This country is going backwards quickly. Our founders are rolling in their graves so fast, they have to think they're on a merry-go-round.

This whole "bail-out" thing is driving me crazy. The world's socialists are giddy because they believe that George W. Bush has joined their ranks. Wrong again!! He has become a communist, not a socialist. In communism, the government owns and controls everything. We don't have that here do we? In either case, we have some crazy stuff going on now-a-days.

AIG has already blown through the $87 billion of taxpayer money that was given to them by our federal government. Now, they are asking for an additional $38 billion. How many spa treatments can you get for that??? UPDATE: The feds just approved their request.

Some say that the bail-out isn't working because other companies are "holding out in hopes of getting a better deal from the Treasury than they can dream of from anywhere else".

This is just a follow-up on John McCain's bail-out remix. Estimates say it will cost around $300 billion. How's that complete spending freeze going Senator?

NATO troops in Afghanistan are upset because we are now asking them to actively engage Afghan drug lords. I guess they have a bit of a point since we were the ones that allowed these folks to operate, even with our protection.

Our government has been spying on its citizens. The spies at the NSA have been recording and getting a kick out of the pillow-talk between our soldiers and their loved ones.

BTW, North Korea is preparing to restart its nuclear activities.

Coolest rednecks I've ever seen. Maybe you can teach your bretheren a thing or two.

Depriving Americans of their ability to vote??? You don't say.

Tuesday, October 7, 2008

Debate Night, Financial Crisis and War Drums

The election is getting closer. The second Presidential debate is tonight. It could be the last time John McCain has to get the momentum back into his campaign. From the recent polls, it looks like it will an uphill fight.

Bringing up McCain's role in the Keating 5 scandal doesn't help his case at all. Neither does his past affiliations with groups like the Council of World Freedom.

Russia is sending nuclear warships to Venezuela for joint military exercises. I guess this isn't very important. Meanwhile, Iran forces down Western plane flying over its airpace. Of course the Pentagon denies.

More sad stories from the recent American financial crisis. Man in upscale neighborhood kills his family, then himself over financial difficulties and not being able to find a job.

CEO of Lehman Bros punched out at health club after testifying before Congress. Everybody isn't buying his bullshit.This administration continues to play cronyism with our government. As the former CEO of Goldman Sachs, Paulson now surrounds himself with all Goldman people to handle the bailout.

Speaking of the bailout; will we now need to bail-out our retirement and pension funds that have lost $2 trillion??

Barney Frank says the Republicans are using racial overtones while blaming the housing crisis on blacks and the poor. Yeah, like those churches, fitness centers and those with good credit getting screwed by bad deals don't count. Not to mention people like Ed McMahon and White House Press Secretary Dana Perino.

Negotiations continue between the U.S. and the Iraqis over our troop presence in their country. We're pushing for more bases. They are pushing to get us out of there. Why they have to "negotiate" foreign presence in their country is beyond me.

Virginians focus on race in the upcoming election. They say you can't be for an African-American "if you believe in the Bible". What????

Thursday, September 18, 2008

Thursday's Tastings


It looks like that $35 billion European tanker deal has been put on hold for now. Given the current state of our economy, it's a no-brainer to keep this money in our country.


Defense Secretary Robert Gates apologizes to the Afghans for the civilian deaths caused by our airstrikes. He should probably hold his "sorries" for a while. We are sending 10,000 more troops to Afghanistan next year to combat the increase in violence over there. Gates is in deep thought as he re-thinks the strategy. Things aren't going so well.

Alan Greenspan calls today's economy "the worse economy that I've ever seen".

Speaking of the economy, GWB says that he's working hard on the economic turmoil. I think that he needs to start right there in the White House. Press Secretary Dana Perino's house was scheduled to be auctioned this week before they made a last-minute payment......BTW, the Dems don't know what to do either.

I'm not the only person who believes that today's Republicans are far from conservative. Say what you want about the Democrats. But, our government's size, scope and power has increased far more during this administration than at ANY other time in our country's history; including the New Deal.

Tzipi Livni won yesterday's election in Israel. She is slated to be the next Prime Minister; the first woman to lead Israel in 34 years. Hopefully, she won't bring us a new Iranian war and will help bring peace to the region. Congrats.


Wednesday, August 13, 2008

More Proof that We're Being Ripped Off

Yesterday, the EIA announced that oil consumption for the first half of 2008 dropped by the largest percentage in 26 years. Demand for oil decreased by an average of 800,000 barrels per day compared to this time last year.

Also according to the EIA, oil supplies increased by over 100,000 barrels. However, the price of gasoline went from $3.07/gallon to $4.11/gallon.

Supplies are up. Demand is WAY down. But, the price increases by over 33%?? What gives?

The speculators control the market. They are allowed to ignore supply/demand and charge whatever they want.

Until we get them out of the market, it doesn't matter how much we drill.