Obama Cancels Elections
If that future headline is ever printed, it probably won’t have Obama’s name on it at first. More likely, it will be a proxy — a governor. Or better yet, a mayor or county commission — perhaps in Illinois? Near or in Chicago? But it will go down like this: the MSM will show a wide-shot video of huge (but well-behaved) crowds at the Tax | Read More »
GM, Rewarded by US Stick-Ups, Takes Job Blackmail to Europe
Encouraged by multiple bailouts from the US, GM has taken it’s stick-up bailout show on the road. Germany is the next victim, with the threat of 300,000 lost jobs. The US international automaker wants 3.3 billion Euros. Exit question: Wonder if the US Treasury will be doing anything to ‘protect’ its own ‘investment’?
Certain Equities Still Highly Profitable
Bad news about the markets has reached deplorable levels with the DOW losing almost half its value in less than a year, and the bottom still far from sight. Although nobody yet (or almost nobody) has jumped up and down in front of the camera shrieking like an 8 year old girl, after weeks of watching the same headlines and the same politicians jawing, | Read More »
Another Trillion This Week.
The House just passed over $400 trillion in spending and Obama puts forward over $600 billion in health care funding. So that is another trillion this week. A trillion last week, too. I wonder how many weeks in a row we can spend a trillion dollars and still be able to sell treas securities to finance it. We are already very close to the | Read More »