Wednesday, June 30, 2010

Did I mention" double dip?".....

Maybe there was never a recovery at all. Our store sales have collapsed again. Down 4% from last year. A year that was atrocious at best.

Patti and I had our hours cut by 7 next week.  Hope that's all.

Hussman: A Double Dip Recession is Coming | Credit Writedowns
The following is an excerpt of the Weekly Market Commentary By John Hussman.

Based on evidence that has always and only been observed during or immediately prior to U.S. recessions, the U.S. economy appears headed into a second leg of an unusually challenging downturn.

A few weeks ago, I noted that our recession warning composite was on the brink of a signal that has always and only occurred during or immediately prior to U.S. recessions, the last signal being the warning I reported in the November 12, 2007 weekly comment Expecting A Recession. While the set of criteria I noted then would still require a decline in the ISM Purchasing Managers Index to 54 or less to complete a recession warning, what prompts my immediate concern is that the growth rate of the ECRI Weekly Leading Index has now declined to -6.9%. The WLI growth rate has historically demonstrated a strong correlation with the ISM Purchasing Managers Index, with the correlation being highest at a lead time of 13 weeks.

Tuesday, June 29, 2010

Nuke them!!!.....

Why fuck around. They wear towels on their heads for God's sake. Yea, fuck them up good. Teach them a lesson for getting between us and all their oil. Next thing you know one of them will get elected president, then what? (lol)

“Christian Cal’s” Solution for Afghanistan: More War « Blog
Cal Thomas, who backed Bush’s wars to the hilt, says that “victory” can be achieved “… if the U.S. prevails in Afghanistan by establishing a sustainable democratic government that is relatively free of corruption (a herculean task) and can be converted from an opium-based economy to one that can take advantage of its enormous mineral resources.

“To win in Afghanistan, and make such things possible, our ‘rules of engagement’ must change. American casualties have increased because of self-imposed restraints when encountering Taliban who hide behind civilians. You can’t win a war by hesitating when the enemy is at a disadvantage. To paraphrase a familiar admonition: Grab them by their throats and their hearts and minds will follow.”

So with Cal’s Christian blessing, more violent and corrupt nation-building will never quite erase Afghanistan’s culture of corruption — which means that the occupation will last forever . Brazenly killing more civilians will not bring peace, but unfathomable horror, which the Moslem victims will now recognize (on Cal’s authority) as a Christian tactic. Expropriating Afghanistan’s natural resources through billion-dollar deals with corruptos like Karzai is theft, but apparently OK because the empire’s Mother Country will profit. God Bless the USA!!!

Callous Cal’s version of the Gospel reads like it was written in Big Brother’s Ministry of Truth.

Monday, June 28, 2010

Too much pussy?.....

It would appear that the  South Dakota Supreme Court has nothing better to do?
 I guess the cops will just have to stop every car at the border and make sure you don't have more than your quota.

South Dakota claw enforcement nabs 15 cats - Washington Times
How many cats is a person legally allowed to let roam the inside of his or her car while they travel the country?

The South Dakota Supreme Court weighed in on that very issue last week, setting the bar somewhere below 15.

The state's highest court ruled — in a case titled State of South Dakota v. Fifteen Impounded Cats — that a police officer acted correctly in August when he seized the aforementioned 15 felines from a vehicle belonging to Patricia Edwards.

Miss Edward

Wednesday, June 23, 2010

Houseing recollapse unexpected?....

Tell me again why anyone pays attention to these guys. The "experts", picked out by the media, I guess, haven't a clue. Just what is so hard to understand that we are broke and need a breather to pay off debts. Unemployed broke dicks can barely buy food let alone buy houses.  This is not going away.

Expect more bailouts as the Dems get their asses kicked in the polls. Soon enough Repubs will join them as their money bags on Wall Street get nowhere as the economy goes flat. This will be the pattern as the government has to prop up consumer spending or face being booted down the road.

But the next boom is coming. A trillion here and a trillion there eventually hits home and the average guy finally joins the party because they can't save jack shit and need handouts to buy Chinese trinkets here at Walmart and buy food at Micky D's. Whether we survive the boom remains to be seen. No other Empire has done it.

I wouldn't want to be living in Ayatollah country over the next ten years or so. They' have a targets printed in capital letters spelled OIL found here.

Existing Home Sales Fall Unexpectedly in May - CNBC
Sales of previously owned homes fell unexpectedly in May as delays in processing mortgage applications hampered the closing of contracts benefiting from a popular homebuyer tax credit, an industry group said on Tuesday.


The National Association of Realtors said sales fell 2.2 percent month over month to an annual rate of 5.66 million units from an upwardly revised 5.79 million-unit pace in April.

Analysts polled by Reuters expected May sales to rise 5.5 percent to a 6.12 million-unit pace from the previously reported 5.77 million units in April. Sales were up 19.2 percent compared to May last year.

Tuesday, June 22, 2010

I'm shocked!....Shocked! Washington scum knew about the Gulf problem......

Nah! Told you so would be more like it. Hard to be surprised that anything that happens in Washington is being done for the honest working stiff. But we must not worry Oba mama will get "reelected". Of course, hardly anbody not on the take would ever vote again. That leaves gangsters, corporate welfare assholes, misguided minorities, baby killers, airhead Hollywood has beens and bimbos, assorted nut jobs on the political left, and God knows what else will crawl out of the ooze to reap the benefits of sleaze that is occuring right under their silly noses.

As I've been posting right along, the Empire reeks and will die a slow death as these greedy bastards willy nilly murder more and more little brown people who wear towels on their heads because we can't drill our own vast reserves of oil. Then again, maybe the nuke goes off about Christmas 2012 and puts an end to it.

Maybe not.

The Coming Depression: Enormous Fraud: Government Knew Oil Was Gushing In February?
It seems incomprehensible that the president and other members of the administration still have jobs when it is now being reported that the federal government was apprised by BP on February 13 that the Deepwater Horizon oil rig was leaking oil and natural gas into the ocean floor.
In fact, according to documents in the administration's possession, BP was fighting large cracks at the base of the well for roughly ten days in early February.
Further it seems the administration was also informed about this development, six weeks before to the rig's fatal explosion when an engineer from the University of California, Berkeley, announced to the world a near miss of an explosion on the rig by stating, "They damn near blew up the rig."

Now let's see.... there was no public dissemination of this information, was there? Well, no.
And yet we know that:

According to regulatory filings, has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman’s sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP’s stock during the quarter.

We also know that:

Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster.

The latter article also says:

Sunday, June 20, 2010

Whine... Walmart mean.....

Walmart destroys communities, marriages, the environment, the planet, fucks up small town America, wipes out mom and pop rip off joints, etc etc. The one thing it it does that no one mentions is pump billions into the local communities in taxes and wages.

But who's counting!

Pajamas Media » Do the Benefits of Wal-Mart Outweigh Its Drawbacks?
There are a lot of mom and pop retailers out there, across America, and some that are a bit bigger than that. Local or regional chains give little towns and big cities some of their local charm. I feel bad when I see these operations fail to adapt to the arrival of the Wal-Mart gorilla. And this is true not just in the Wal-Mart market sector, but in many others as well. Traditional hardware stores that survive the arrival of Home Depot or Lowe’s do so because they are providing either levels of service or inventory that the big-box home improvement stores don’t. If I need black oxide button head 8-32 1.25” long machine screws on a Saturday, I go to the Ace Hardware store in Eagle, Idaho, because they have it. Home Depot doesn’t.

Still, for all the tears over the loss of some traditions of American retailing, it’s important to remember that Wal-Mart’s efficiency and ruthless paring of costs to the bone benefits consumers — even consumers who aren’t shopping at Wal-Mart. Wal-Mart’s prescription program provides an astonishing number of the most commonly prescribed drugs for $4. That’s less than the health insurance copayment for many of these drugs at traditional pharmacies.

Thursday, June 17, 2010

What's all the bitching about offshore oil?........

It's not like we have a choice. Drill or starve, baby! Let's not forget that every politician for the last 40 years have pontificated on getting us off "foreign oil". They all had great ideas, except find it here, of course.

When I was a newly wed the country allowed BP and several other oil companies  to drill the Alaskan north slope and for 35 years or so it worked pretty good.  But the religious fanatics in the environmental movement worked their voodoo on Congress and sold us down the river trying to get everyone setting up windmills in their back yard. (Except for the environmentalist  backyards, of course.)

But not to worry the next president will get us off foreign oil, even if he has to invade Iran. Or something. It seems to me, though that we keep getting congenital liars elected.

Just check out the last 8 presidents we've had. Oh yeah, maybe we need to buy a better class of gangsters is all. The ones we keep getting are a little long on the tooth. Have you noticed we keep getting the same old shit from these guys and somebody keeps voting for them but no one will admit it.

Hell even the welfare queens who get fee money won't vote for these clowns. Makes you wonder about our system. doesn't it.

Wednesday, June 16, 2010

BP get's the shaft......

They paid Oba mama millions in contributions and still have to cough up $20 billion.

Out of hundreds of billions in clean up cost who says crime doesn't pay, right?

The Coming Depression: Estimated Cost For Gulf Cleanup is Over 1 Trillion Dollars. BP to Give 20 Billion For Claims
The oil disaster in the Gulf of Mexico is a corporate crime whose magnitude almost defies comprehension. The eventual cost—combining damage to complex Gulf and coastal ecosystems, wiping out of the fishing and tourism industries, and long-term health consequences for the population of the region—is likely to total over $1 trillion.
The explosion that destroyed the Deepwater Horizon drilling rig, killed 11 workers and began the massive and continuing flow of oil was not an “accident,” but the product of willful corporate cost-cutting and negligence. Further evidence of this fact was provided Monday in documents released by the House Energy and Commerce Committee. One document was an email from a BP engineer, Brian Morel, on April 14, six days before the explosion, in which he described the rig as a “nightmare well which has everyone all over the place.”

One of the great mysterys in life.....

How we came into existence. No conclusive proof so far that convinces me that we are here by accident or evolution. Or for that matter,  that some GOD waved a magic wand. Read the following and ask yourself..... How do genes get conveniently "fused."

Macroevolution: Its definition, Philosophy and History
Creationists often say that species cannot be evolved from each other because chromosome numbers are different. Humans, for example, have 46 chromosomes, while chimpanzees have 48. But the human chromosome 2 is the result of what is called a Robertsonian fusion – the ancestral ape chromosomes 2p and 2q appear to have fused at their ends (telomeres) to form the human chromosome 2 (Williams, not dated), and other species that have large chromosomal differences can still interbreed (Nevo et al. 1994). DNA aligns according to local sequence rather than large-scale chromosome structure, and this is why inversions and translocation in parts of the sequence still allow interbreeding.

There appears to be no single amount of genetic variation common between closely related species that prevents interbreeding. In some, only a few are sufficient. In others, much variation, such as the large chromosomal difference in Nevo's mole rats, fails to prevent interbreeding. Introgression, or the leakage of genes across species boundaries, has been observed in lizards, plants, birds, and fish.

Monday, June 14, 2010

There's good in everyone.......


» How Obama Reduced Crime Rates Last Year - Big Government
While gun sales started notably rising in October 2008, sales really soared immediately after Mr. Obama won the presidential race. 450,000 more people bought guns in November 2008 than bought them in November 2007, that’s over a 40 percent increase in sales. By comparison, the change from November 2006 to November 2007 was only about 35,000. Over the last decade, the average year-to-year increase in monthly sales was only 21,000.

The increase in sales continued well beyond November 2008. From November 2008 to October 2009, almost 2.5 million more people bought guns in the 12 months after the election than in the preceding 12 months. The National Instant Criminal Background Check System, or NICS, doesn’t tell us how many guns each person bought just the number of people who bought them. Most likely though, gun sales rose by more than the number of people who purchased them.

At the same time gun sales were soaring, there was an unusually large drop in murder rates. The 7.4 percent drop in the murder rate was the largest drop in murder rates since the 1999. For those who don’t remember, 1999, when President Bill Clinton and Columbine occurred, was another time when gun sales soared. With people such as Elena Kagan serving as Mr. Clinton’s deputy domestic policy adviser were pushing hard for more gun control, Americans were worried that more gun bans were coming. And in response gun sales soared.

Just as higher arrest and conviction rates, longer prison sentences, or the more frequent use of the death penalty reduce crime, so does letting victims defend themselves with guns. More certain or greater penalties make it more risky for criminals to commit crime. Victims who can defend themselves can also make committing crime more dangerous and deter criminals.

Americans living in the District of Columbia and Chicago have seen this phenomenon themselves. After the ban went into effect in both cities, murder rates rose dramatically. After the Supreme Court threw out DC’s ban and gunlock laws in 2008, the District’s murder rates plunged by 25 percent in 2009. Indeed, my research in the just released third edition of More Guns, Less Crime shows that every place in the world that we have crime data for has seen murder rates climb when guns were banned.

If Mr. Obama really understood that letting law-abiding citizens defend themselves reduces crime, it is unlikely that gun sales would have had to increase. Yet, if the Supreme Court strikes down the Chicago gun ban this month, Americans may get to see yet again that more guns mean less crime.

Sunday, June 13, 2010

Not a snowballs chance .....

We'll kill this subsidy to the rich when Oba mama becomes born again.  Even the Dems aren't this stupid. This handout is for the real estate industry and the rich who pay for such a large piece of the political  campaigns.

Remember you have to have over 11 grand of interest on your house payment yearly  to qualify for this gimmick and  have a house mortgage of somewhere around   $160000 at today's interest rate.

This usually is around the price level for most starter homes in most of America and effects 20 million voters or so.  So changing it is so much hot air. None of these clowns in Washington are that brave.

Trust me!

However, any attempt to means test the measure  because the wealthy  have billions in interest deductions on their mansions is doomed to failure .  After all  the politicians would have to take a hit in their own taxes and then try to explain to the sheep back home why they raised taxes during a depression.

Not going to happen.

A better bet is more gimmicks, handouts, credit extension games, bailouts, bitching about consumers saving too much  and especially whining about rich people ripping the government off.

There's probably a lesson there somewhere.

White House Continues Press For Elimination of Mortgage Interest Deduction
To my real estate friends; agents, brokers, homeowners, et al., this is a serious threat to an industry that is just now trying to get it’s feet underneath it.

The White House and Congress see the 100 billion dollars a year that goes to homeowners and want to spend it on their own projects. They have realized they are spending way to much money and the deficits are growing out of control.

How out of control? Let’s talk nearly 20 trillion dollars in debt by 2015.

Now they are not going to stop spending. Spending means power in Washington, so instead they are doubling down. Taxes are going up, tax breaks are being removed, and every possible revenue source is being examined.

This includes the Mortgage Interest Deduction for Homeowners.

We need to keep an eye on Congress and the White House. They know they are in trouble and could lose control of the process by January. If this is the case, they may push through a host of changes to our tax code in the coming months.

The popular tax break for mortgage interest, once considered untouchable, is falling under the scrutiny of policymakers and economic experts seeking ways to close huge deficits.

Although Congress last year rejected the White House’s proposed cut to the amount wealthier taxpayers can deduct for home mortgage interest payments, the administration included it again in its 2010 budget — saying it could save $208 billion over the next decade.

And now that sentiment has turned against all the federal red ink — and cost-cutting is in vogue — Democrats on President Barack Obama’s financial commission are considering the wisdom of permanent tax breaks such as the mortgage deduction and corporate deferral. Calling them “tax entitlements,” senior Democratic lawmakers have argued they should be on the table for reform just like traditional entitlement programs Medicare, Social Security and Medicaid. … via The Hill

Saturday, June 12, 2010

We have oil coming out of our asses....

Oil producers scam us in to believing oil is scarce. They have been saying this for over a hundred years. Whether it's DDT which wiped out malaria for awhile, Alar on fruit wiping out poor farmers in Chile, Global warming bullshit, oil gushers wiping out sand fleas on the beaches, little girls with nit wit parents getting lost on sailboats etc. the established order marches on.

Pretty soon, (20012 maybe?)  since Iran insists on obliterating Israel, the world will get a break from this shit and the pelicans, polar bears, honey bees, seals, and all the rest of the DOOMED critters the media makes money bitching about make a wondrous comeback.

But oil spills go away, the planet warms or cools, mysterious chemicals kill people we've never heard of, and animals disappear no matter how much we listen to the purveyors of truth like all the  non stop scare mongering as soon as we quit buying it!

Did I tell you people watch too much TV! No wonder they believe this as gospel. TV makes millions scarying  the fuck out of people and  theses morons educated by the government fall for it every time. Hell they think Oba mama is qualified, because he's black, for President! That should clinch the argument. 

You can't believe a word these guys tell you!

"Gulf Oil Spill ‘Could Go Years’ If Not Dealt With" by F. William Engdahl. FSO Editorial 06/10/2010
According to Kutcherov, a leading specialist in the theory of abiogenic deep origin of petroleum, “What BP drilled into was what we call a ‘migration channel,’ a deep fault on which hydrocarbons generated in the depth of our planet migrate to the crust and are accumulated in rocks, something like Ghawar in Saudi Arabia.”3 Ghawar, the world’s most prolific oilfield has been producing millions of barrels daily for almost 70 years with no end in sight. According to the abiotic science, Ghawar like all elephant and giant oil and gas deposits all over the world, is located on a migration channel similar to that in the oil-rich Gulf of Mexico.

As I wrote at the time of the January 2010 Haiti earthquake disaster,3 Haiti had been identified as having potentially huge hydrocasrbon reserves, as has neighboring Cuba. Kutcherov estimates that the entire Gulf of Mexico is one of the planet’s most abundant accessible locations to extract oil and gas, at least before the Deepwater Horizon event this April.

Friday, June 11, 2010

You don't think the government is lying, do you?......


They claim the depression is over. (Just don't call it a depression.) Of course the numbers tell us something different.  The economy isn't creating jobs, real jobs that is, in most areas of the country. Here in Northern Idaho Canadians and a few summer visitors have showed up and Walmart in store sales are up  3% more than last spring.

But last Spring was horrendous! Anything looks better than last year. But it remains to be seen, if housing doesn't improve without government gimmicks and handouts, if the local lumber industry ever recovers.

But thanks to free trade and  environmental regulations here, Canada stands to produce plenty of wood products for our market and the local companies will not get much of a chance to get back into the game.

Therefor, the clowns in Washington should behappy as they hate lumber and mining. Just like they couldn't wait to close down the oil industry they have been have been eviscerating the timber industry.  You wonder if they get their way on destroying our economy if anyone will have any reason to create any jobs at all.

Or is that the idea? Take us back to windmills and bicycles and everyone lives happily ever after living on peace and love. I guess we'll see.

Social Security Payouts Are Already Crippling The Government This Year
I am stunned by the continued drop in FICA/SECA tax receipts. There are many metrics on the overall economy that have shown YoY improvement. The SS revenue numbers are telling us something different. They measure the incomes of 160 million workers. This is the broadest definition of employment we have. My read on the numbers is that we have very fundamental weakness in employment. The problem is bigger than the headline numbers from the BLS suggest.

-The payroll tax revenues versus the benefits paid number lines have crossed. Some, including the CBO, see this as a temporary phenomenon. I disagree. For there to be a return to a positive result of (payroll tax revenue – benefits) the economy would have to grow on a sustained basis at 5% and inflation would have to remain near zero. Those conditions are unlikely to be met.

-The estimated $50 billion of negative cash flow to be realized in the second half of the year is just more money that Treasury has to borrow. It does not, by itself, increase our total indebtedness. It is a shift between the Intergovernmental and Debt to Public accounts. Does an extra 50 Bil matter when the total the public holds is already 8.6 Tril? No, not really. Not as of today at least. But when the tables turn and the markets focus on the US bond/bill calendar it will make a difference.

-All heavily indebted borrowers, whether they be individuals, corporations or sovereigns are highly dependent on cash flow to service debt. When cash flow goes negative individuals and corporations go bankrupt. Most sovereigns do too. The US is in the enviable position of being able to ignore cash flow. We can simply print our way out of this problem. At least some people think we can.

-SS is $2.5T of the $4.5T Intergovernmental account. I believe that this entire group is going cash flow negative. The IG account cost us ~$160 billion in interest last year, but some out there are pretending the IG account does not exist. An example of this is in the following link.

Thursday, June 10, 2010

Jesse Jackson wants a boycott on BP oil.....

I wish I had a BP station around here so I could fill up everytime I drove by. Jackson is a nut who needs to be in prison because he's corrupt and I'm sure he'll be at the BP headquarters and getting some extortion money as that's what he does.

After all he represents all those big spending "welfare queens" and pathetic liberals who never had real jobs.

Oh yea, you think Oba ama will give back BP's Money?


Tuesday, June 08, 2010

What's $260 million matter....

When you're bankrupt. Yes, LA  is inhabited by the insane. How else would you explain these nut jobs blowing this kind of money on Yuppie nuttiness.

Mayors Beat World Leaders Promoting Cycle Paths (Update1) -
June 4 (Bloomberg) -- Los Angeles: city of freeways, smog, and -- bike lanes?

That’s where Mayor Antonio Villaraigosa wants to take his town. In one of the less likely transformations in the global effort to cut carbon output, Los Angeles plans to spend $230 million on 1,700 miles of bicycle paths, Bloomberg Businessweek reports in its June 7 issue.

Most of the program will be completed by 2015, and includes changing rooms, showers, and bike storage areas operated by the city and private partners, the city’s Web site says. It comes on top of subsidies for installing solar panels and incentives for planting trees and switching to electric vehicles.

“We have to make a change,” says Michelle Mowery, senior coordinator for the city’s bike program. “We can’t fit any more cars in.”

From the freeways of Los Angeles to the canals of Amsterdam, cities are taking the lead in the fight to reduce carbon-dioxide

Monday, June 07, 2010

Bonus came in.....

$266 a piece. Sales better than last year but last year was horrendous. Hopefully it will continue so my Walmart stock will recover.

For now I'm skeptical.

Patti and I celebrated 40 years yesterday. Took a boat trip. Now I'm shopping for a cabin cruiser. LOL

Saturday, June 05, 2010

What happened to crash the Derivitives?......

Gas prices went nuts, remember? People couldn't afford any extra expenses because they were in debt up to their eyeballs. Then when their mortgages increased through their contractual interest rate adjustment something had to give. Most of these just people quit paying. Therefore, it wasn't long before no one was buying house, cars, furniture, stocks, bonds etc. and began paying off their debts.

A slowing of spending and the whole rotten shit house came down. But with any luck we'll re-inflate and within 5 or 10 years when the "boomers" retire the next bust will make this one seem pretty tame.

If we make it that far, of course.  (lol)

Forget About Housing, The The Real Cause Of The Crisis Was OTC Derivatives
Officially, roughly $604.6 trillion in OTC derivative contracts, more than ten times world GDP ($57.53 trillion), hang over the financial world like the sword of Damocles, but to the average investor the derivatives bubble is invisible. From the perspective of those outside the bubble, the explosion of OTC derivatives is a mania.

The inherent lack of transparency in OTC markets impairs price discovery and obviates the efficient markets hypothesis, i.e., that financial instruments are almost always priced correctly, thus OTC derivatives and the risks associated with them may be priced incorrectly, as in the case of American International Group’s CDS contract premiums.

Friday, June 04, 2010

No rot here.....

Just criminal behavior as usual. Won't change so why report it?

By the way, do you think anybody gives a shit if Oba mama tours the Gulf Coast?

Report: More than 1,400 former lawmakers, Hill staffers are financial lobbyists
Even for Washington, the revolving door between government and Wall Street spins at a dizzying pace. More than 1,400 former members of Congress, Capitol Hill staffers or federal employees registered as lobbyists on behalf of the financial services sector since the start of 2009, according to an exhaustive new study issued Thursday.

The analysis by two nonpartisan groups, Public Citizen and the Center for Responsive Politics, found that the "small army" of financial lobbyists included at least 73 former lawmakers and 148 ex-staffers connected to the House or Senate banking committees. More than 40 former Treasury Department employees also ply their trade as lobbyists for Wall Street firms, the study found.

Thursday, June 03, 2010

Our sales up.....

Last quarter WallyWorld sales up a couple of percent and we got a 40$ in store bonus. This quarter we're up 5 or 6 % and we are getting over $200. Sales have been ok but not great, but compared to last year, we seem to be pretty busy.  I think the local economy is still weak as we are so dependent on logging which sucks thanks to poor new housing starts. Be awhile before the banks and government can clear out all those millions of foreclosures that still have to be dealt with and then people can buy the more expensive new houses.

Meanwhile, my neighbors sold their mobile home for $35000 in less than a week putting it up for sale. Private sale no Realtor. I paid $210000  for mine which is at least comparable so I may sell and find another even though I like no payments on it. Or I might put it on a lot here in town and refinance the equity in a year or two then sell and buy another fixer.

That is if the economy finally booms which I still believe is coming. Always does after a crash as the government cranks up the presses  and can't slow the money supply in time.

Main thing is how long will oil prices stay this low. The last boom, remember, came to a screeching halt when oil hit $140 a barrel. After all said and done, broke dicks can't afford their debts, toys, vacations, pensions, health care, houses, etc. without driving to work every day.

Of course, Bush wont be there for Oba mama to blame so, we'll just have to go back to blaming foreigners I guess. After all, it's always been good politics to kill our enemies and make a buck.

Wednesday, June 02, 2010

This guy has it right.....

The economy is now on life support from government stimulus. We have to remember that stimulus 1 from last year pumps a lot of money into construction for early 2011 to save Oba mama.  The economy is slowing again as Fed funds are pulled in fear of a political backlash from fear of deficits killing careers in Washington.

Remains to be seen but I expect a second dip without another massive cash input from the Fed before then.

If not,  next time it will be the Republicans turn because I don't think the Dem's are going to be in charge much longer.  Of course Oba mama runs for reelection against another nobody in about 18 months and it will probably be business as usual.

Expect a lot of bullshit about deficits, not killing enough Moslems and especially we need more windmills to drive our SUVs.  Just pray these morons don't close down the rest of the oil industry in America because we have proven again that we do a lousy job at civilizing brown people who fight with sticks and rocks.

International Forecaster June 2010 (#1) - Gold, Silver, Economy + More
We believe an inflationary depression began in February of 2009, and little has changed. Since then factory output has increased, as have inventories and other outward signs, such as retail sales. We believe that one-year spurt is ending, unless a new stimulus program is put in place. This past week we saw a $78 billion addition to unemployment benefits and Larry Summers has said they need an additional $200 billion. In order to keep the economy going sideways a total of another $800 billion will be needed. The Fed may have cut back the creation of money and credit to zero, but it is still dishing out trillions to domestic and foreign banks, which can only affect the domestic economy in a residual way. The key is real personal income. Including government programs it has fallen $500 billion over the past 16 months. In addition real unemployment remains at a high of 22-3/8%. That is U-6 less the birth/death ratio. This terrible dilemma is a first and is surprising in as much as government addition to income has gone past 18% for the first time ever. We expect that part of the reason for both situations is the perpetual drag of free trade, globalization, offshoring and outsourcing, which has continued unabated.

Tuesday, June 01, 2010

May we at least send the gay guys?.......

They at least have more balls than the losers in the Congress.

Hell, my old lady has more balls than the assholes in Congress.

Senate says no to 6,000 border troops - Washington Times
Senate Democrats managed Thursday to block deployment of 6,000 National Guard troops to the U.S.-Mexico border, but the proposal still garnered a majority of senators, showing widespread support for a border-security-first strategy and underscoring why President Obama is having difficulty trying to win an immigration-legalization bill.

The vote flustered Democrats, who seemed uncertain how to handle the proposal and were reluctant to defy Mr. Obama, who just this week proposed that a much smaller 1,200-troop force be deployed.