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The Economy's Dead Cat Bounce: The Mini-Recovery Is Over
Some clear talk about where the economy is going: Down. Yeah, I know, the bulls have been riding roughshod since the DJIA hit the mid 6,000s just a few months ago, but yesterday's 250 point rout is just the beginning of the gravity-laden downslope of the biggest dead cat bounce of this generation.
Let's face it, world governments pumping untold trillions of dollars into "stimulus" packages did just that. It stimulated economic activity. Yeah, but the stimulus was similar to any other stimulus from economic to erotic... as soon as the stimulus ends, the droop begins. And what a droop, folks!
Unfortunately, there is no Viagra left in the coffers of the world governments as the USA alone is now facing a 15+ trillion dollar deficit which works out to well over $100,000 for every taxpayer in the country. Lots of luck collecting that, IRS! I'm sure that the millions of people who have faced foreclosure, credit evisceration, and blatant zillion dollar ripoffs foisted by everyone from Madoff to Uncle Sam are just sitting at home with a stack of 1,000 $100 bills just ready to hand them over to the nice people in Washington, D.C., in exchange for the pseudo-recovery that lasted a few months... and is soon going to drop us off a precipice which is going to be way worse than the one we were "allegedly saved from."
I hope you took a nice good look at the Dow Jones when it snuck up over 10,000 as it very likely is going to be the last time that anyone alive today will see that. The Obama Administration certainly inherited a gargantuan mess from that Bush bozo, but when they implemented their Marxist command economy policies the result was nothing more than putting out the fire with gasoline.
This has been an unprecedented and hitherto unimaginable spending spree with no parallels in American history. Since Inauguration Day on January 20th of this year the current President has indebted the American public more than every other Administration combined, starting with George Washington and ending up with George W. Bush.
Let's say that again:
If you add up the total amount of money every United States President from #1 to #43 spent in running up a deficit in 233 years, it is dwarfed by the amount of money that Barack Hussein Obama has spent from January 20 to Halloween of this year: not even nine and a half months.
Trick or treat? There is no treat here, only trick: The tricking of the American people into believing that this well spoken, highly educated, charismatic young President was the "Audacity of Hope" when even the book itself was mostly written by a convicted Marxist terrorist: Bill Ayers. Surprise! There's a Commie in the White House!
America you got suckered. You put a red fox in charge of the chicken coop and now all that's left is feathers. After all, it has been proven for a century now that Marxists are as successful at running an economy as Mahmoud Ahmadinejad is at organizing a Bar Mitzvah. And since the American people have been duped (yes, 100% fully and unequivocally duped) into plunking a dyed in the red wool Marxist in the White House, it is to be expected. Not only expected but inevitable, as Uncle Hal has been hammering away from his HubSoapBox for over six months now.
I have always loved the United States of America and its people since I first attended freshman orientation at UCLA. That's why I am pained to see the country I adore with such conviction fall into the same old time-honored Marxist trap. A la Chavez, Obama convinced the electorate that he was a moderate, and as soon as he got into power, his red stripe came out with a vengeance.
I pray to the Good Lord that he see fit to save America and Americans from this disaster, and to spare these wonderful people the tribulations which now seem inevitable. Amen.
Read the indisputable proof of Obama's Marxism:
How Obama's Undeniably Marxist Communist Policies Threaten America
Top 20 Events Which Prove Obama Is A Marxist Communist
Top 7 Marxist Communist Policies Being Implemented By Obama Today
Touring The United Socialist States Of America's Capital
How To Nationalize GM, Ripoff Investors, Gift It To The Unions & Deny It's Communism
Why State Capitalism Is A Socialism America Cannot Afford
What If... Obama Is Really Going To Destroy America?
How The Socialist States Of America Fell Off The Wagoner
Why Does Socialism Always Fail?
Give Me $12,667: However, I Won't Tell You How I Spend It - The Fed
What Will The $3.6 Trillion Obama Budget Buy You?
Merry Christmas 2009! The Deficit Now Equals The Cost Of All US Houses!