Posted on 03/12/2009 5:42:45 PM PDT by autumnraine
What the heck?? Citi doesn't take money? No financial emergency? Less than a week after a TRILLION DOLLAR STIMULUS???
Yea. No. No. Yes.
Let’s call the whole thing off.
if things are doing well over there at Citi, how about paying back some of that money you got from Uncle Obama????
Obama goes into hiding for a couple of days and miraculously the world improves a little, who would have thought?
The dirty little secret os they knew the economy was starting to improve before passing the stick-it-to-US bill. That is why it had to be done so fast. Retail sales is a leading indicator and it was up Jan and Feb.
A leading indicator is something that may indicate a future trend is starting.
People consuming is what takes the country out of ression.
most people i know are cosuming thier savings
Crisis? What crisis? But hey, we need a second stimulus
Such incompetence and flat out thievery can not be tolerated! It is time for a house cleaning of biblical proportions!
May plagues of locusts visit Obama and Company.
WE ARE ALL GOING TO DIE!
Nevermind.
Nothing to see here, move along...
(Insert Kevin Bacon's Animal House character trying to hold back the human tsunami here)....
Absolutely correct. We have some banking issues depending on how they adjust the ‘07 mark-to-market rules, but otherwise this is looking like it could be a quick V shaped recovery after people come out of the panic of Q4, ‘08.
This is all despite the stupid things they are doing to the economy.
I am incredibly pissed off...they sold us down the river for their pork projects.
I wouldn’t count on us being done yet. The worst is yet to come.
If they aren’t consuming their savings, then wouldn’t it be the STUPID LIBERALS consuming on the assumption that all will be taken care of with Obama handing out money like the Cash Santa???
BE CAREFUL,
any rebound in the market before 2012 will see hussein on every TV channel saying, “ SEE THAT, I DID THAT !” and will find the GOP a permanent minority for a generation.
PREDICTION:
Any DOW bounce and economic uptick will see the dominant media praise their messiah as the only one who could have done it, obama being televised constantly ala chavez AND super majorities in congress for the dem/socialist party in 2010 and 2012 and majority status for a generation.
That’s exactly how I feel! They panicked the country to get socialism and buy votes. Plain and simple. And the country is too damn stupid to see it.
Wait till the new taxes hit and we’ll see just how bad things can get. Here In Michigan our idiot governor says the drop in revenue collected in lottery and tobacco taxes is “breathtaking”. That means they plan to make up for it somewhere else.
I thought I saw tonight on the news that Mr. Bacon was heavily invested with Madeoffwidurmoney.
I think it said he was pretty much wiped out.....
His dad is famous here in Philly. I wonder if he too was
invested....
What a surprise.
I’m surprised they didn’t pass single payer health care while still in crisis mode.
This whole thing was a manufactured crisis to get Barry elected and to ram through a bunch of lefty programs and spending.
Obama will get a lot of undeserved credits for this miracle...Obama may just go 2 terms....
Not going to happen. But it won't be the economy that does him in. It will be terrorism and his stupid handling of foreign policy.
Wait until the tax increases start and then we will have a disaster. Companies who are going to pay more in taxes are not going to hire more people but they are going to lay off more people. The same goes for small businesses. All taxpayers are going to pay much more taxes when the Bush tax cuts expires and hence they are going to consume much less.
Obama socialist economy is not yet fully implemented but once it is then we will have much worse economic problems than what we are seeing now.
Also expect an incredible amount of fake data from the government showing the economy much better than it is in reality. With the bunch of socialists we have now lying is their most important weapon. Their problem is that there will be independent groups who will release GDP, unemployment and other economic data that will expose their great lies.
However the catch is the Obama got elected in the first place......
And socialism will lead to an economic disaster not to a recovery. We have seen nothing yet when it comes to bad economy.
We haven’t even started for the bottom yet.
“Overall revenue declines total $200 million from forecasts made just seven weeks ago.” (That’s just Michigan)
http://www.mlive.com/news/index.ssf/2009/03/michigan_lottery_sales_taxes_o.html
Jimmy Carter (with a lot of help from the media and problems within the republican party got elected too. He ruined the economy, but what got him replaced was his awful weak response to the hostage crisis. Obama, is no different than Carter and the result is likely to be the same.
As was his wife, it was reported that they lost "everything" they had to the Madoff scandal...but "everything" could be everything saved for retirement, or every single last penny (which I doubt)...
Still....not good for Mr/Mrs Bacon tonight...
Does this mean we should pay him to stay in hiding?
Or at least to keep his piehole shut?
Citi got all the ‘bailout money’ it required from AIG. Keeps the books clean that way.
Just wait til the Unions get their grips around the necks of Corporations via card-check.....that’s another shoe to drop few people are paying scant attention to.
Yes, that is going to be a disaster beyond belief.
People consuming is what takes the country out of ression.
********************************************************
My neighbors lost their sub shop franchise , 2 other shops in the same strip closed down , there are empty shops everywhere in my city...
Sure sales were up in Feb. ,, sales are always strong in Feb. BIG DEAL ,, it’s just tax refund money being spent... all done by April.
I don’t mean to rain on your parade but we’ve been watching Japan “recover” for 18+ years with the same gov’t policies we’re now implementing....
With umployers shutting down , tax hikes across the board on the way and increased regulation in all areas coming we’d be lucky to hold steady... but then we have all that printed cash ready to force inflation on us .. come to think of it many of my normal grocery items have been rising in price despite the economy... perhaps that’s one of the causes of the spending increase..
Lets see what happens when T-Bill prices crash as rates move up to pace inflation ... all those people in “safe havens” will get hot again with a huge loss...
will get hot = will get hit ,, I really hope this board gets updated with better , more user friendly , software so we can correct our errors...
http://michellemalkin.com/2009/03/12/laughingstock-president-doom-does-a-180-cancels-fear-mongering/
OBAMA THE DRAMA QUEEN!
Yes, they could let the idea of this crisis pass without forcing a disgusting agenda on us that was stashed in the bills that were supposed to save us from the crisis that they knew wasn’t so bad.
They ought to all be thrown outta town. What’s alomost as bad is that too many Republicans went along with it.
OR
Have you been incredibly porked....they sold us down the river for their pissy projects?
The first wave of Socialist Policies has been signed into law. Therefore the Economic Crisis can be put on the shelf until the second wave of Socialist Policies are ready to be signed into law.
We the Sheeple, never forget.
GM also needs less $$ than expected
It’s like the football broadcasters say, “There’s nothing more fickle than Momentum.”
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