On Fri, 8 May 2009 19:05:31 -0600, "Canuck57" wrote:


"Tom Francis - SWSports" wrote in
message ...
On Fri, 8 May 2009 18:35:36 -0600, "Canuck57" wrote:


"jps" wrote in message
...
On Fri, 8 May 2009 07:08:20 -0600, "Canuck57" wrote:


"Tom Francis - SWSports" wrote in
message ...
On Fri, 08 May 2009 08:22:21 -0400, BAR wrote:

... trickle up poverty.

That would be pretty funny if it wasn't frightfully true.

The only good part is there will be less boats on the waterways. Fewer
will
afford such luxuries.

Too many idiots living beyond their means, using the equity in their
houses to fuel fantasies. Life in the US is being reset to more
realistic standard.

Affluenza is losing ground.

Agreed. But for those that too the story of the Three Pigs seriously, we
are not hurting one bit. In fact, I look at this as an opportunity. It
is
the paper tigers that are having the wind blown out with the BS. Those
sticking to fundimentals and tried and proven diciplines are laughing.

All the way to the bank.

I don't deal much with banks, only with investment institutions that are not
involved in lending money at all. Been that way for 7 years. In fact, sold
my last bond some 5 years ago. Maybe blessed, but I saw this coming a mile
away. But did under estimate how deep it is going. Problem is, this market
is doing good and I am profitin, I suspect it is a mini-recovery that will
go south by fall.

I will predict this. Until GM & Chrysler are bankrupt and processed, until
the government gets it's cash flow possitive, there isn't a hope in hell for
the economy to get much better. A growing poor and often working class is
going to change demographics. Infaltion will hit hard too at some point.
The ride is far from over.

If you have the time, read this - takes a couple of minutes, but it's
very interesting.

http://www.thepeoplescube.com/red/viewtopic.php?t=3238

Notable quote from among many:

"But American "progressives" seem to be unable to learn from other
people's mistakes, even if the former KGB officer Vladimir Putin
himself is asking Obama to take a lesson from the pages of Russian
history and not exercise "excessive intervention in economic activity
and blind faith in the state's omnipotence.

"In the 20th century, the Soviet Union made the state's role
absolute," (Putin)... said at the World Economic Forum in Davos. "In
the long run, this made the Soviet economy totally uncompetitive. This
lesson cost us dearly. I am sure nobody wants to see it repeated."

It's pretty amazing when a former KGB agent and commisar gives sound
advice to American leadership.

Tom Francis - SWSports wrote:

http://www.thepeoplescube.com/red/viewtopic.php?t=3238


The People's Cube? No wonder your mind has turned to jello.

- - -

Modern Republican Principles:

Gay-bashing, war profiteering, and torture.

Tom Francis - SWSports wrote:
On Fri, 8 May 2009 19:05:31 -0600, "Canuck57" wrote:

"Tom Francis - SWSports" wrote in
message ...
On Fri, 8 May 2009 18:35:36 -0600, "Canuck57" wrote:

"jps" wrote in message
...
On Fri, 8 May 2009 07:08:20 -0600, "Canuck57" wrote:

"Tom Francis - SWSports" wrote in
message ...
On Fri, 08 May 2009 08:22:21 -0400, BAR wrote:

... trickle up poverty.
That would be pretty funny if it wasn't frightfully true.
The only good part is there will be less boats on the waterways. Fewer
will
afford such luxuries.
Too many idiots living beyond their means, using the equity in their
houses to fuel fantasies. Life in the US is being reset to more
realistic standard.

Affluenza is losing ground.
Agreed. But for those that too the story of the Three Pigs seriously, we
are not hurting one bit. In fact, I look at this as an opportunity. It
is
the paper tigers that are having the wind blown out with the BS. Those
sticking to fundimentals and tried and proven diciplines are laughing.
All the way to the bank.
I don't deal much with banks, only with investment institutions that are not
involved in lending money at all. Been that way for 7 years. In fact, sold
my last bond some 5 years ago. Maybe blessed, but I saw this coming a mile
away. But did under estimate how deep it is going. Problem is, this market
is doing good and I am profitin, I suspect it is a mini-recovery that will
go south by fall.

I will predict this. Until GM & Chrysler are bankrupt and processed, until
the government gets it's cash flow possitive, there isn't a hope in hell for
the economy to get much better. A growing poor and often working class is
going to change demographics. Infaltion will hit hard too at some point.
The ride is far from over.

If you have the time, read this - takes a couple of minutes, but it's
very interesting.

http://www.thepeoplescube.com/red/viewtopic.php?t=3238

Notable quote from among many:

"But American "progressives" seem to be unable to learn from other
people's mistakes, even if the former KGB officer Vladimir Putin
himself is asking Obama to take a lesson from the pages of Russian
history and not exercise "excessive intervention in economic activity
and blind faith in the state's omnipotence.

"In the 20th century, the Soviet Union made the state's role
absolute," (Putin)... said at the World Economic Forum in Davos. "In
the long run, this made the Soviet economy totally uncompetitive. This
lesson cost us dearly. I am sure nobody wants to see it repeated."

It's pretty amazing when a former KGB agent and commisar gives sound
advice to American leadership.

Putin is a smart and wily man.

On Fri, 8 May 2009 18:37:23 -0600, "Canuck57" wrote:


"jps" wrote in message
.. .
On Fri, 08 May 2009 08:22:21 -0400, BAR wrote:

... trickle up poverty.

Trickle down = Snake Oil

For a Snake-oil saleman, Obama being on the top does pretty good to rally
the masses in their missery.

Obama's not selling snake oil, he's selling sanity.

I don't expect you'll be a buyer.

On Fri, 8 May 2009 19:05:31 -0600, "Canuck57" wrote:


"Tom Francis - SWSports" wrote in
message ...
On Fri, 8 May 2009 18:35:36 -0600, "Canuck57" wrote:


"jps" wrote in message
...
On Fri, 8 May 2009 07:08:20 -0600, "Canuck57" wrote:


"Tom Francis - SWSports" wrote in
message ...
On Fri, 08 May 2009 08:22:21 -0400, BAR wrote:

... trickle up poverty.

That would be pretty funny if it wasn't frightfully true.

The only good part is there will be less boats on the waterways. Fewer
will
afford such luxuries.

Too many idiots living beyond their means, using the equity in their
houses to fuel fantasies. Life in the US is being reset to more
realistic standard.

Affluenza is losing ground.

Agreed. But for those that too the story of the Three Pigs seriously, we
are not hurting one bit. In fact, I look at this as an opportunity. It
is
the paper tigers that are having the wind blown out with the BS. Those
sticking to fundimentals and tried and proven diciplines are laughing.

All the way to the bank.

I don't deal much with banks, only with investment institutions that are not
involved in lending money at all. Been that way for 7 years. In fact, sold
my last bond some 5 years ago. Maybe blessed, but I saw this coming a mile
away. But did under estimate how deep it is going. Problem is, this market
is doing good and I am profitin, I suspect it is a mini-recovery that will
go south by fall.

I will predict this. Until GM & Chrysler are bankrupt and processed, until
the government gets it's cash flow possitive, there isn't a hope in hell for
the economy to get much better. A growing poor and often working class is
going to change demographics. Infaltion will hit hard too at some point.
The ride is far from over.

Chrysler and GM are canaries in the mine. They're not structurally
part of the financial failure in this country, just another indicator.

On Fri, 08 May 2009 22:20:16 -0400, Tom Francis - SWSports
wrote:

On Fri, 8 May 2009 19:05:31 -0600, "Canuck57" wrote:


"Tom Francis - SWSports" wrote in
message ...
On Fri, 8 May 2009 18:35:36 -0600, "Canuck57" wrote:


"jps" wrote in message
m...
On Fri, 8 May 2009 07:08:20 -0600, "Canuck57" wrote:


"Tom Francis - SWSports" wrote in
message ...
On Fri, 08 May 2009 08:22:21 -0400, BAR wrote:

... trickle up poverty.

That would be pretty funny if it wasn't frightfully true.

The only good part is there will be less boats on the waterways. Fewer
will
afford such luxuries.

Too many idiots living beyond their means, using the equity in their
houses to fuel fantasies. Life in the US is being reset to more
realistic standard.

Affluenza is losing ground.

Agreed. But for those that too the story of the Three Pigs seriously, we
are not hurting one bit. In fact, I look at this as an opportunity. It
is
the paper tigers that are having the wind blown out with the BS. Those
sticking to fundimentals and tried and proven diciplines are laughing.

All the way to the bank.

I don't deal much with banks, only with investment institutions that are not
involved in lending money at all. Been that way for 7 years. In fact, sold
my last bond some 5 years ago. Maybe blessed, but I saw this coming a mile
away. But did under estimate how deep it is going. Problem is, this market
is doing good and I am profitin, I suspect it is a mini-recovery that will
go south by fall.

I will predict this. Until GM & Chrysler are bankrupt and processed, until
the government gets it's cash flow possitive, there isn't a hope in hell for
the economy to get much better. A growing poor and often working class is
going to change demographics. Infaltion will hit hard too at some point.
The ride is far from over.

If you have the time, read this - takes a couple of minutes, but it's
very interesting.

http://www.thepeoplescube.com/red/viewtopic.php?t=3238

Notable quote from among many:

"But American "progressives" seem to be unable to learn from other
people's mistakes, even if the former KGB officer Vladimir Putin
himself is asking Obama to take a lesson from the pages of Russian
history and not exercise "excessive intervention in economic activity
and blind faith in the state's omnipotence.

"In the 20th century, the Soviet Union made the state's role
absolute," (Putin)... said at the World Economic Forum in Davos. "In
the long run, this made the Soviet economy totally uncompetitive. This
lesson cost us dearly. I am sure nobody wants to see it repeated."

It's pretty amazing when a former KGB agent and commisar gives sound
advice to American leadership.

Wow, did they have anything to say about their incredible investment
in Afghanistan that worked out so well?

"jps" wrote in message
...


Obama's not selling snake oil, he's selling sanity.


Hmmmm. He just got a demerit on my scorecard.

Link below is to NPR's broadcast yesterday. If you want to watch the
Chrysler part,
let it load for a few seconds, then move the horizontal time slider over to
about the 6 minute point.
The report on Chrysler starts at about 6 min, 5 sec.

http://www.pbs.org/nbr/info/local-pl...bre07s26caq4c4


Basically, the bond holders have thrown in the towel due to overwhelming
political pressure. The attorney for them describes what happened. Contrary
to what Obama announced publically (that the bondholders refused to budge or
negotiate), they had indeed submitted a proposal offering acceptance of 50
cents on the dollar as a counter offer to the government's 30 cents on the
dollar. That's part of good faith negotiation. However, according to the
bond holder's attorney, they were muscled out of any ability to have their
proposal officially considered. They were not allowed to take part in the
negotiating process.

The attorney describes Obama as being dishonest in terms of his public
announcements that the bondholders were not willing to negotiate and
fingered them as the "bad guys". He also pointed out that Obama has been
saying that private investors should and will come to the rescue in the
restructuring plan however his (the attorney's) feeling is that there is no
way private money will be found, based on what just happened to the existing
bond holders. They lost everything. Who in their right mind would invest?

Not all investment firms are crooked. Like them or not, they deserve
consideration based on contract law. These guys were secured investors, by
law.

Obama pulled some old fashioned Chicago-style politics in this one. I am
starting to notice that although he solicits ideas and invites comments of
his initiatives, it seems to be for show only. He has plugs stuck in his
ears.

Eisboch

On Sat, 9 May 2009 15:01:56 -0400, "Eisboch"
wrote:


"jps" wrote in message
.. .


Obama's not selling snake oil, he's selling sanity.


Hmmmm. He just got a demerit on my scorecard.

Link below is to NPR's broadcast yesterday. If you want to watch the
Chrysler part,
let it load for a few seconds, then move the horizontal time slider over to
about the 6 minute point.
The report on Chrysler starts at about 6 min, 5 sec.

http://www.pbs.org/nbr/info/local-pl...bre07s26caq4c4


Basically, the bond holders have thrown in the towel due to overwhelming
political pressure. The attorney for them describes what happened. Contrary
to what Obama announced publically (that the bondholders refused to budge or
negotiate), they had indeed submitted a proposal offering acceptance of 50
cents on the dollar as a counter offer to the government's 30 cents on the
dollar. That's part of good faith negotiation. However, according to the
bond holder's attorney, they were muscled out of any ability to have their
proposal officially considered. They were not allowed to take part in the
negotiating process.

The attorney describes Obama as being dishonest in terms of his public
announcements that the bondholders were not willing to negotiate and
fingered them as the "bad guys". He also pointed out that Obama has been
saying that private investors should and will come to the rescue in the
restructuring plan however his (the attorney's) feeling is that there is no
way private money will be found, based on what just happened to the existing
bond holders. They lost everything. Who in their right mind would invest?

Not all investment firms are crooked. Like them or not, they deserve
consideration based on contract law. These guys were secured investors, by
law.

Obama pulled some old fashioned Chicago-style politics in this one. I am
starting to notice that although he solicits ideas and invites comments of
his initiatives, it seems to be for show only. He has plugs stuck in his
ears.

Eisboch


He's the decider now. Get used to it.

I had to suffer through 8 years of a buffoon who had not a clue what
the farkle he was doing.

It tasted like **** nearly every day. I hope the worthy opposition is
enjoying the taste and smell. You never get used to it.

It's a good exercise for building empathy.

"jps" wrote in message
...


He's the decider now. Get used to it.

I had to suffer through 8 years of a buffoon who had not a clue what
the farkle he was doing.

It tasted like **** nearly every day. I hope the worthy opposition is
enjoying the taste and smell. You never get used to it.

It's a good exercise for building empathy.


Obama is demonstrating the "my way or the highway" mentality that people
were so critical of in GWB.
I admit, he's a little more clever about it, but the result is the same.
It's business as usual. More of the same.

Eisboch

On Sat, 9 May 2009 15:34:35 -0400, "Eisboch"
wrote:


"jps" wrote in message
.. .


He's the decider now. Get used to it.

I had to suffer through 8 years of a buffoon who had not a clue what
the farkle he was doing.

It tasted like **** nearly every day. I hope the worthy opposition is
enjoying the taste and smell. You never get used to it.

It's a good exercise for building empathy.


Obama is demonstrating the "my way or the highway" mentality that people
were so critical of in GWB.
I admit, he's a little more clever about it, but the result is the same.
It's business as usual. More of the same.

Eisboch

Yeah, Bush drove us into the ****ter and Obama is driving us out.

You're historically correct, it is more of the same.