Tag Archives: bailout

Ten Obama Dollars for a Gallon of Gas

France is a socialist nation, but even they are complaining that Barack Obama is spending way too much in his insanely bloated stimulus package combined with his budget.

Even Communist Russia and Communist China are not fooled by Obama’s use of the word “investing” to misrepresent his “spending” to pay off all the interest groups of the Democratic Party Machinery that got him elected.

All the major nations of the world are uniting to demand a new currency to replace the Obama Dollar that everyone with half a brain realizes is about to become inflated and lose value dramatically.

The oil producing nations, led by Russia and Saudi Arabia, and yes, Hugo Chavez, do not want to accept Ten Worthless Obama Dollars for a gallon of their gas.

We had no idea that “Change you can believe in” meant that our currency was about to become an international joke because our welfare baby President was about to spend money as though he never had to work for a dollar in his life.

Oh! Come to think of it, he never did!

Bank Of America Newest Awsome, Incredible Fraud on TARP and Investors

Bank of America  Chief Executive Officer Kenneth Lewis just forecast an absurd, totally unbelievable profit of $50 billion for this year on revenue of over $100 billion, a 50 percent profit margin. No legitimate bank in history ever had a 50 percent profit margin!

Under Chief Executive Officer Kenneth Lewis, Bank America  took $163 billion from the federal rescue program, and was widely expected to be taken over and totally nationalized because of bad assets. “Bad Assets” means that management had no idea what it was doing with shareholders’ and depositors’ money; i.e., bad management, failed management, management that should be replaced, invested in more than $163 billion of worthless assets, the losses on which had to be covered by the taxpayers..

CEO Ken Lewis also bought Merrill Lynch and failed to foresee that Merrill had tens of billions MORE of bad assets  than it told Bank America about during negotiations. Then a few months after being acquired by Ken Lewis’ Bank, Merrill suddenly discovered another billion or so of losses in its London office.

Ken Lewis appears to be guilty of, select one or more of the following:

1.   Not having the foggiest idea of what is going on inside his bank;

2.  Not knowing what the condition of Merrill Lynch was when he was dumb enough to buy Merrill, let alone overpaid for Merrill;

3. Defrauding the government out of $163 billion to save a troubled bank when it actually had the highest profit margin in the history of all banks anywhere in the world, anytime;

4. Lewis presided over a gigantic phoney, criminal write down of assets last year, and then reversed the write down this year to save his job by falsely claiming his grand intelligent management saved the bank;

5.  Bank America is run by escapees from the lunatic asylum, or by Barney Frank, or by Chris Dodd, and has no connection to reality whatsoever, just like Obama’s stimulus plan, and just makes up numbers for press releases depending on how much coffee the good ol’ boys drank that morning;

6. No one in finance or the government has any idea what the truth is about any big bank, so it is acceptable for a bank to say it needs $163 billion of taxpayer money, and the 90 days later accidentally notices that it made $50 billion profit;

7. In an industry that normally has a 3 to 5 percent profit margin, incompetent management can make a 50 percent profit margin, and nobody smells a “Madoff?”

With events like this continuuing, it is insane to believe any reported financials, which means there is no way to decide which stocks to buy or sell. In the land of the blind, the one eyed person is king. This one eyed person sees nothing but piles of deaf, dumb and blind retards pretending to be corporate boards of directors, and will not own any stock or bond for a long time.

We Have Not Been This Oversold Since Tomorrow

Yesterday March 6, 2009, a NYSE Floor Broker with 30 years trading expertise was asked his opinion on the market prospects.

His comment was heard around the world within 90 seconds because it summed our prospects so clearly.

Or as Obama might say “boldly.”

The guys who knew say tomorrow will be worse, Obama says buy now. Stocks dropped a lot since Obama said to buy.

Don’t you just hope all those morons who bought his “Change” BS also bought stocks when the Messiah said to buy?

Of course his supporters would have to use Food Stamps to buy stocks.

Is Obama Mortgage Plan Unfair To Welfare Leeches In Free Public Housing?

Obama should give all the foreclosed mortgage homes to his supporters living in free public housing. Most people who are being foreclosed have jobs and pay some taxes, so it is not consistent with Obama’s public policy to help them.

In contrast, most people in free public housing or on Section 8 Housing Payments do not have jobs and do not pay taxes, so they deserve to get free houses. Obama could soak up the supply of foreclosed homes by giving them free of any mortgage to the welfare leeches like his mother, and like his illegal alien aunt living in free public housing in Boston.

Obama should also buy the unsold inventory of the home builders and give it to Section 8 Housing Payment leeches in exchange for their Section 8 payments.

And Obama must stop being so selfish. The White House has all those empty, underused rooms that should be used to help the homeless.

And finally, do not forget Nancy Goldfarb’s plan for free passes to bordellos to bailout the sex industry.

Nancy Pelosi and Harry Reid could attach a rider to the free bordello passes requiring all bordellos to force the workers to join a union.

Hey, we could even require anyone who cashes in the free bordello pass to join a union.

That way whenever Obama gets you screwed, you get screwed forever on the job.

Stocks Went Up A Little After Obama Said Buy Stocks But

the increase is what professional investors call a “fool’s rally” and a “bull trap.” The market is still in a downtrend. The most dangerous time to buy is in the “fool’s rallies” that happen repeatedly during a long term bear market.

Warren Buffet, who knows a bit more about stocks than our food stamp president, told us to buy stocks just before the market went down 3,000 points to where we are today, and Buffet like Obama is saying to buy now.

You heard it here: this is time to sell an stocks you have left, dump them and dump Obama.

Obama thinks passing a bill with $8 billion of earmarks is the way to revive the market!

Duh! Is this the same lying welfare leech who promised us no more earmarks?

Liar, liar, market killer!

Barack Obama Says Buy Stocks Now

After meeting with the new beggar to join “The New World Order” from the United Kingdom, Prime Minister Gordan Brown, our Food Stamp President said that it might be a good idea to buy stocks now!

Ladies and gentlemen! You have just heard the greatest sell signal in history.

When the welfare babies start telling us to buy stocks, it is time to sell any stock you have left.

The S&P 500 Index has broken through its support level of 700.

The next support level is 600 on the .spx.

If you have any stocks left, sell them right now,

BS Obama’s Newest Tax Will Hit All People, Not Just Over $250,000

Even if you never paid income tax in your life, you will pay a lot of taxes under Obama’s newest tax  proposal. Barack Obama’s carbon tax on businesses will be a tax on every person in America, not just rich people. 

Every business will pay a lot of money, a fortune, a big fortune just to calculate how much carbon they use.

Then almost every business except windmills and buggy whips will have to pay the carbon tax. Businesses only do one thing with a tax, any tax, every tax.

Business adds the tax onto the prices you and I pay.

So every welfare recipient, food stampers, Aid to Dependent Children recipient, drug addicts and alcoholics getting their $1,000 a month on disability SSI (if you are an addict, nbody expects you to work!) will all pay higher prices for everything they buy.

Hey!

I like this tax!

Lets get rid of the income tax and replace it with the carbon tax, so all the deadbeats will pay their share.

Oh, and let us not forget the cow fart tax!

And free bordellos for those impaired by Medicare paid Viagra.

Congrats, BS Obama, you did something right (by accident).