Posted on 12/31/2012 10:03:23 AM PST by Kaslin
“We’ve always been at war with Eastasia, Matt”; .........
It's true that downs create the ups, and ups the downs: it's called "boom and bust".
It's true that Alan Greenspan busted the Reagan-era boom by slamming the brakes on in 1999-2000. It's true that the markets began to decline in 2000, before Mr. Bush was elected (not "selected"), because of Greenspan's backroom necromancy.
It's true that the stock market has been in a primary bear market since 2000 despite Greenspan's and Bernanke's efforts to b.s. their way out of it, by printing money and taking on bad debts of others to help "work out" the bad credit they helped create.
It's true that on tax policy, the Wall Street crowd achieved an intellectual, moral, political, and practical ascendancy over all other schools of thought during the 90's, and that their "highest good" was ..... "pay me, give me ALL the money." It's what they do. "All money in the universe is mine, always was, and what we need to negotiate is how fast you can get it to me, so I can ....do creative things with it. Or whatever." These propositions rest on the ancient "con man's inequation": "The constant I is always greater than the variable U."
It's also true that Bill Clinton, Barack Obama, Barney Frank, and Chris Dodd busted the housing market and, in Obama's case, got rich doing it .... while he wasn't running the Shirley Sherrod Ag Department scam.
It's also true that the major money-center banks and investment banks invented the Credit Default Swaps (CDS's) which now constitute 70 or 80% of the $100 trillion or so in public + private debt.
It's true there is plenty of blame to go 'round, but that Barack Obama is uniquely responsible for the fiscal mess of the last four years, and for trying to ruin the U.S. economy, break the middle class to poverty deliberately, and do every other thing he could think of, to work manifest injury to the People of the United States, because he is a black racist and hates them utterly.
Matt thinks the game is rigged? Clever fellow that Matt.
Is there anything in the works to fix the AMT?
Regards,
GtG
ping
No kidding.
I love this.
You may fire it at will, my dear.
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