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"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison
"If you've got a business, you didn't build that. Somebody else made that happen" Barack Obama
Uh oh you brought up race, the libs will be on you in no time.
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"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison
"If you've got a business, you didn't build that. Somebody else made that happen" Barack Obama
Me: Whats up my nigga?
Obama: Oh hey.
Me: Whats wrong my nigga?
Obama: These conservative crackas be rapping errbody in my white house!
Me: Damnnnnnnnnnnnnnnnnnnnnnnnn!
I honestly do not see how someone could look at what has gone on and logically say he is doing things, on the whole, correctly.
I'm also tired of hearing about all of the things that he "inherited". He didn't inherit a trillion dollar bailout package and passing sweeping legislation that is going to cripple American business. He has destroyed peoples faith in our currency and weakened our foreign policy positions. NO one is better off - particularly in the long or medium run - with these policies.
Once the Bush tax cuts expire - welcome to another go around of problems. At least the market has already priced that in (imo).
I honestly do not see how someone could look at what has gone on and logically say he is doing things, on the whole, correctly.
I'm also tired of hearing about all of the things that he "inherited". He didn't inherit a trillion dollar bailout package and passing sweeping legislation that is going to cripple American business. He has destroyed peoples faith in our currency and weakened our foreign policy positions. NO one is better off - particularly in the long or medium run - with these policies.
Once the Bush tax cuts expire - welcome to another go around of problems. At least the market has already priced that in (imo).
guess what? the market has not priced it in. the sp500 is trading at 17x earnings in an economy that won't deliver the anticipated revenue growth. the market is pricing in record sp500 earnings in 2011, and its not going to happen. if the bush tax rates expire, GDP goes under 1%, and we probably have another recession, if we ever left the current one.
long term treasuries are looking pretty good right now
“There is nothing government can give you that it hasn’t taken from you in the first place”
Sir Winston Churchill
If you're that bearish I'd just start buying some options and plan for the failure - lot better return.
Per the FED today, they are going to go that direction to the tune of a few trillion dollars. Buying Treasuries that are in low demand and focus on the 2-10 year offerings or not buying positions that aren't scarce. I haven't developed my opinion on that yet.
The Bush tax cuts WILL expire. I don't think it's a question of if, it's just waiting for the clock to strike 12:00 on January 1. But I still contend business know that and they are still creating their forecasts based on that fact.
I don't see a double dip recession - the only thing that causes that IMO is the GOP not taking the house and senate. If the Dems still have a majority you can just kiss our recovery goodbye - all because of the spend and tax mentality.
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