September Will Tell
No new jobs in August. Not even one! Unemployment 9.1%, underemployment 16.2% and 15.4 million workers disappeared from america. Roubini says we're in worse shape than 2008. Of course we are, the economy never recovered.
Obama's stalinistas are suing 17 banks over bad mortgage hedges. That'll push a couple over the cliff and surely THAT will help the economy. The bankers shimmed their bonuses, now the government lawyers will skim their penalties so the Fed can loan the TBTF banks more money. Elites like Buffet will always skim a profit, even in failure. Repeat.
Obama spent $400B of his debt ceiling increase in August. All of it! What now? Well, just keep on borrowing, printing and spending right into collapse. I struggle with math. The new debt ceiling was supposed to last until the end of 2012. So....he had about $2T...17 months times $400B...$6.8T. So the next debt ceiling crisis looms in early 2012.
See that dark cloud on the horizon? It ain't TS Lee, it's Obama's job creation package that will push the US right off the cliff. Get some popcorn and Oxycodone.
Obama's stalinistas are suing 17 banks over bad mortgage hedges. That'll push a couple over the cliff and surely THAT will help the economy. The bankers shimmed their bonuses, now the government lawyers will skim their penalties so the Fed can loan the TBTF banks more money. Elites like Buffet will always skim a profit, even in failure. Repeat.
Obama spent $400B of his debt ceiling increase in August. All of it! What now? Well, just keep on borrowing, printing and spending right into collapse. I struggle with math. The new debt ceiling was supposed to last until the end of 2012. So....he had about $2T...17 months times $400B...$6.8T. So the next debt ceiling crisis looms in early 2012.
See that dark cloud on the horizon? It ain't TS Lee, it's Obama's job creation package that will push the US right off the cliff. Get some popcorn and Oxycodone.
posted by lugh lampfhota at 9:09 PM
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