So the Dow had a mini-crash. We saw this coming this morning on the Laura show. It is, after all, Obama’s birthday, and what a perfect present from a Dumb Bastard Marxist–a mini-crash! Of course, we were told the Satan Sandwich would keep this from happening, just like how the Crap Sandwich was going to keep unemployment below 8 percent. And this new room you’re in? It’s called The Rabbit Hole.
It’s one thing to be robbed, and quite another to be taken to the cleaners by the Gang That Can’t Shoot Straight. All the more to remain vigilant, and use our increasingly absurd (and increasingly dangerous) economic situation as ammunition for your resolve to make the biggest difference possible in 2012. Stay focused, keep your powder dry, and begin to map out how you will help make it possible for us to take a beautiful nation back. We don’t know why these things happen, but never forget–someone bigger than Barack Hussein Obama is in charge, and both He and His Son will help us make up for the One Big Ass Mistake America.
Linkage:
Seattle PI: Dow average plunges 513, worst drop since 2008
Financial Times: Global stock sell-off accelerates
Recession Seen Looming as Jobless Benefits End
Fox News: U.S. Debt Reaches 100 Percent of Country’s GDP
The Street: Gold, Silver Prices Get Caught Up in Sales Flood
Most politicians offer slogans and platitudes and broad principles, which is probably politically necessary because that’s the stuff that sways the crowds. But the candidate who seems most inclined to reach for a specific and realistic roadmap is Newt Gingrich. No, I’m not endorsing Newt for president, and neither is anyone else. I think we all see him as damaged goods. But I do hope his input helps guide the dialogue. He’s got something that should be added to the mix, and I’ll value his advice; it just needs some filtering.
Follow Up Stories about the Communist China’s CyberWar Against America:
http://www.foxnews.com/scitech/2011/08/04/us-cybercops-caught-flat-footed-by-massive-global-cyberattack/?test=latestnews
http://www.darkreading.com/advanced-threats/167901091/security/attacks-breaches/231300171/apt-attackers-used-chinese-authored-hacker-tool-to-hide-their-tracks.html?itc=edit_stub
posted 8/4 541pm Texans for Palin Time.
Of course the rapid drop in the market is a reaction to America’s unwillingness to put its fiscal house in order. And it juxtaposes ironically against the image of Obama surrounded by worshipful acolytes singing hosannas at his birthday bash. But the daily chart is just a small piece of a much larger picture, and subject to much turbulence and manipulation. You’ll remember the downtrend in the market following Obama’s inauguration, for which he was mocked. But then the market began an uptrend; did Obama deserve credit for that? I’d say he did, in a sense, but not in a good sense: With the Fed flooding the market with easy dollars, and interest rates held at zero and real estate falling, there was a lot of money looking for somewhere to go. So money went into the market by default, causing the market to rise, thus drawing in more money. A bubble of sorts. Anyway, with the spigots still open and interest rates still low, I think the market is more likely to form a bottom than to continue to plunge. I’ll bet the DJIA is up on Friday. But none of this makes for a healthy economy. The levitation of stocks is more a sign of fear of dollars than confidence in business. We’re in a game of musical chairs, and our leaders are taking away the chairs as they play music and tell us not to panic because (they assure us) the music will never end. But we’re ready to bolt towards safety, if only we can discern which direction that would be.
ouch! This is painful to sit back and watch:( Having high unemployment and next to no GDP growth was more then enough to get it kicked out of office. I just hope we have a country left to save by Nov 2012. Unlike the democrats who silently cheered when the war in Iraq was not going well, who voted against and hoped the surge would not work in Iraq for their political gain,… I am not hoping for economic destruction. But with every new bit of bad news, there is a little solace in knowing that it will help ensure BO’s eventual defeat. I guess we just need to take a lot of deep breaths, and be patient. That and give what ever we can afford to Sarah PAC!!!
PS even though Harry Reid will still be around after 2012, people should start a roses and pomegranate protest. Maybe make a little fruit and flower shrine near the Capital, imploring him to resign so he can be reunited with his beloved garden. Go home Harry! Your trees n bushes need you! Just say’n!
hey guys, i just got a playstation 3, with internet access, and I was trying to listen to Tammy Bruce .com, on my stereo system. (pc is just fine) when I load her page, and I click on the members icon. nothing happens, it times out. is there a certain driver, I need to access the members icon on ps3. Now, I can click the other icons, home, tammy ,etc. and the drop downs show. any help!! mike
Hi, Mike! Sorry I can’t answer your question, but I’m sure one of Tammy’s tech people can if you send your question to [email protected]
Good luck! Glad you’re here!
I figured it out, I can get them from the News Wire column . kewl
mike
Hell hath no fury like a Tea Party scorned. I am still as livid as I can be that so many Republicans voted for that effing geedee sandwich, including West, Elmers, and even my own representative. I also can’t get over the irony of Michelle Bachmann–someone I perceived to be completely phony, who basks in the myth that she’s all that and then some–doing the right thing, just like the Pauls and Marco Rubio, proving that they really are the real deal, unlike the sellouts who ran as Tea Party patriots. I’m a pretty tolerant guy, but I have my limits. Are all those soul-less bastards in DC trying to piss us off? SEEK OUR WRATH, AND YE SHALL FIND!
I got to give a little tiny bit of space on this debt deal vote, and wait until there is more tea party in congress and Palin as President. Then there should be no excuse for such BS bills. I don’t think all tea party that voted for the deal were sell outs, but where rather trying to help protect our chances in 2012. That is when we can get rid of a lot of establishment BS. The Repub establishment sold out the House bill most likely with the Speaker’s help. We need to fire them just as much as we need to get the White House, and the Senate. Palin will call out by name those who are in the way or who are on the fence, just like she did recently with Romney:) She will corral them like sheep.
Well, we all knew the problem of big gov’t wasn’t going to be solved in one election cycle, or even two, and as Tammy pointed out on at least one occasion, we knew some of them were going to disappoint us. We’re simply going to have to hold their feet to the fire, and if necessary, vote their sorry rear ends out.
I really, really, really can’t stand this President. It astounds me how stupid people still believe he can do something to save them.
Oh, I also should mention, of course part of the dilemma we face is the price of oil, which is another factor sucking money out of our nation and into the pockets of unsavory nations. The world can never be stable when we (I don’t mean America; I mean everybody) depends upon the Middle East. It’s a huge problem, and drilling in ANWR is not the answer. But that’s not the point I want to make at this moment. The quirk is, when the economy stumbles, the price of oil drops. This is simply because, if businesses slow down, we use less oil. So the conundrum is that oil prices fall as our economy fails, but if we start to improve, oil prices race back up and knock us down again. This can be an issue for all commodities, but the OPEC semi-monopoly, combined with so much dependence upon this one thing, makes oil particularly deadly. So I am very interested in oil alternatives, and would be a huge fan of ethanol, solar, windmills, geothermal, unicorns…as long as these things actually do more good than harm. And some of them do…but they’re mostly money-wasting boondoggles. That’s my lament, the corrupt practices and the waste and the fraud, not the theory.
Obama’s birthday bash: Satan sandwiches and Devil’s food cake!
I’m flashing back to the Winston Church speech where he said, “Never in the field of human conflict was so much owed by so many to so few.” With Obama, it would be, “Never in the field of human politics was so much owed by so many to so few.”
With all this LSM talk about “hobbits” and “hostages”, I thought back to a time in our nation’s history when there was a REAL hostage situation. Compare these compiled headlines from “yesterday” to a potential future headline “tomorrow”. Notice that you only need to replace the name(s) and numbers and the headline could still be true over 3 decades later.
January 20, 1981 – THE IRANIAN HOSTAGE CRISIS ENDS – Two historic events in our nation’s history were taking place at the very same time. During his inaugeration ceremony, as Ronald Reagan was being sworn in as the President of the United States, 52 Americans were being released after being held captive for more than a year.
January 20, 2013 – THE OBAMA HOSTAGE CRISIS ENDS – Three historic events in our nation’s history were taking place at the very same time. During her inaugeration ceremony, as Sarah Palin was being sworn in as the President of the United States, 311,932,361 Americans were released after being held captive for more than 4 years and S&P automatically reinstated America’s AAA rating.
A girl can dream, right? 🙂