Categories
Politics

No confidence vote?

Could it be time to vote this man out of office?

Sen. Rand Paul (R-Ky.) announced Wednesday his plans to introduce a vote of no confidence in Treasury Secretary Timothy Geithner.

Paul’s announcement highlights growing consensus on the Republican side of the aisle that Geithner deserves some punishment for the downgrade of the U.S. credit rating from AAA to AA+ by the firm Standard & Poor’s on Friday.

In many ways the idea of a man in charge of the treasury that has likely presided over the worst administration of the US economy since 1929, is an idea that may be time for action, in many ways, the problems we have faced are serious and we need to find a solution to these problems. 

It is obvious that the plan of hope and of change has not worked…

It is obvious that the time for action is now…

We need to go back to the congress and pass a bill that addresses the problems we have or this is just the beginning of what will happen next.

It is time for Geithner to go, in fact he has indicated, (allegedly) that he wants to go, so why not let him go, its time man do the right thing.

“The stock market gave a vote of no confidence to Timothy Geithner yesterday and for the past 11 days. Geithner has shown no acumen in predicting, diagnosing, or treating America’s economic woes. The time has come for him to resign,” Paul said in a statement released Wednesday.

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

Collasp of the Economy?

The United States has since 1913 had a credit rating of AAA

That is no longer the case and it did not happen under Bush and it did not happen under Clinton, it happened under President Obama and the diasterous leadership that has been taking place for the last three years.

 

 

 

 

 

 

 

 

 

Dire predictions are being heard all over the Internet.

They say that the end of the world is near…

The sky is falling, the end of the world is near, the cliff is just over yonder way.

But, is that really a serious thing or are they just smoking crack in the stands again?

You have to wonder about some of the strange things that are going on these days, like the media pretending that
the tea party is actually making a difference, when the lie is so obvious that some of these people actually believe
their own lies.  You have to wonder about that kind of stuff going on when the media tries to convince itself of its
own bad writing.

So what happens next, will they start jumping out of windows again?

While that might sound a little like wishful thinking for some at least, the truth is that unless America is really broke and
That may actually be a real possibility if the democrats don’t get off their butts and do something real for a change.

Amazing stuff here folks the media really thinks that people believe what they say, are they really that dumb?

Probably and what is even more interesting here is the fact that we have currently enough Natural Gas to power this nation
for the next 2000 years, enough coal to power the United states for more than 250 years, enough alternative fuels to power this
nation for the next 1000 years, yet, somehow were broke?

Funny stuff here folks, dont jump out the window just yet…