Categories
Politics

Is it too late?

Would it have mattered if the Senate had passed, the right bill for the American people?

Could the Senate pass Cut cap and balance and reverse this madness that we find ourselves in now?

 Are we about to see history repeat and is this our Great Depression?

This just in, received in an Email today, (may not reflect the opinions of the owners of this website.)

Dear Patriot, Hold on it’s about to be a bumpy ride. S&P has downgraded the United States AAA credit rating and the economy is volatile. It is clear that the projected federal deficit over the next ten years brings into question the long-term stability of the American economy.

Washington missed the opportunity to address their spending addiction during the debt ceiling debate. They provided even further evidence that under the current system they are incapable of the solemn responsibility that the American people have granted them. Only one plan was presented during the entire debt ceiling debate that would have preserved America’s credit rating.

It was Cut, Cap, and Balance which passed the Republican/Tea Party controlled House of Representatives and was immediately tabled by the dinosaurs and Democrats in the Senate. The only way that we can avoid finding ourselves in this situation in perpetuity, is to amend the Constitution to require the federal government balance their budget. Click here to to demand a balanced budget! When the government failed to address the sub-prime mortgage crisis by addressing the incompetence and corruption within Fannie Mae and Freddie Mac, the American people suffered when the value of their homes plummeted.

When the government granted exceptions to certain banks to behave as speculators in critical commodity markets, the American people suffered from higher gas prices. Now, Washington is unable to address long-term spending and it is ‘We The People’ who continue to suffer from their inability to lead. This cannot be about maintaining the pressure we have already put on Congress. If we are going to pass a balanced budget amendment, we need to dramatically increase that pressure!

Already we have sent more than 65,000 letters to Washington demanding that they pass a balanced budget amendment. If you will take just a few moments to participate we can get that number well past 100,000 today! Our system makes it quick and easy to participate, and the best part is that there is NO requirement to donate in order to MAKE YOUR VOICE HEARD!

 

Thank you, Todd Cefaratti Freedom Organizer To make a contribution by mail, please click here or address to:
TheTeaParty.net | 1717 Pennsylvania Ave. NW, Suite 1025 | Washington, DC 20006 Toll-free: 866-928-6555

Categories
Politics

Bull Market

Is this a Bull market or is this simply a correction?

Some seem to think that this is just a short term correction and everything will get back to business as usual, but what will that be now that the first time since 1913 America no longer has a AAA credit rating. What we hear from Washington is that the S and P is just wrong, but are they really, ask yourself this question which one of you would have a perfect credit rating if you owed 97 percent of everything you make?

So what can we expect tomorrow?

Likely more of the same probably some serious selling orders will get executed in the AM, some shifting to the commodities markets, will occur, mostly in Grain, but some others will see an increase, Over time there should be a short rally, followed by another sell off, some are predicting a new low in the AM, 10900 but I suspect we may not see that right away. The end could be a good 800 point drop, which would be a very serious situation.

What do we do next?

The end point over the next four weeks, probably around 8900 There will be ups and downs and shifts, between markets, however, the currency markets will see the biggest drops, over the next six weeks watch out for that issue. One thing that is significant here is that this could have all been prevented. Back in the day we used to analyze wrecks, we would look at the circumstances and we would make a judgement call on if the accident was preventable or if it was no fault, most of the time it was preventable.

This wreck was preventable and it is inexcusable that it was allowed to happen.

What makes it even worse is that this is not the hope and the change that 89 percent of the American people want… So when will we learn? When will the congress learn that when someone says hey your credit will be downgraded if we don’t do the right thing.

But they did not listen.

When will they learn?

 

Categories
Politics

US Credit Rating now AA

The handwriting is on the wall now, and if congress and the White-house do not take some action to get a flat tax in place, a capitol gains holiday to those individuals that hire and start a new business, (creating more jobs)  then the stock market will crash to what some are predicting will be around 8000 or slightly more.

It is very distressing and this is not on Bush this is on this administration, Green Span needs to come out of retirement, the treasurer, needs to resign, we need change and real hope not fake hope based on promises that were never kept.

This is on the Whitehouse and that is the fact of the matter.

We need the following from our congress and the White house.

1. Flat Tax

2. Balanced Budget Amendment
    (now not later not next year not next month now)

3. Capitol Gains Tax holiday for business hiring
     and bringing money back into the US and providing
     jobs for at least 6 months.

This is not rocket science people, get it together and get it together now.

This is not acceptable and we must have progress that is in line with the will of the American People.

America has had a AAA credit rating since 1913 and it did not happen until 2011, so you cant blame bush or katrina.

It is time to do the right thing for the American people we need our congress to do the right thing and pass the right bills so that American can get back to the business of what we do best, and that is innovation and creative solutions to complex problems.

This is not what America is all about, The treasurer should  resign right now and the FED chairman need to resign as well.

 Look for serious trouble come Monday, some are saying it could go as low as 7900 but its really anyone’s guess.

The fact is that congress had the chance to act, and you know who is to blame for this mess.

Harry Reid, he is the one that refused to pass the right bills that would have stopped this insanity, thanks Harry, by the way did you get out of the stock market early?