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About Me
- Denis Navratil
- I love Racine Wisconsin. But I am not naive about the challenges we face. I have chosen the name Free Racine for a reason. For Racine to realize its great potential, we must free ourselves from our own failed policies, from high taxes, failing schools, and self serving politicians.
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6 comments:
Whatever...W E
I hate the mainstream media.
Mixter
Not only did the Obama's spend more time selecting a Dog. As ugly as it is..It's still not as ugly as the legislation, they passed last week and planned for next week!!
BTW have u noticed Obama is always late for speeches and press conferences? Shades of Clinton...Maybe he has an intern already "delivering Pizza's"!
The Barry saving the U.S. economy? LOL!
Well, its all about what's important to his own self-interest! Apparently, Canine decisionmaking trumps "earmarks"!
Read on this; posted by a Wall Street floor trader; and take responsibility:
http://blogs.myspace.com/index.cfm?fuseaction=blog.view&friendId=28942754&blogId=439965198
Saturday, October 11, 2008
The Big Grab, Part I: First they came for the play money. Now it’s down to life and death.
Among acolytes sharing the former Fed chairman's disdain for the masses is one who posted the following comment on a Huffington Post blog last October, calling himself "Plutotoo":"...
(W)hat happened to the money supply...from 2003 to 2006 is so self-evident ... that I find it shocking that it need be explained at all. Everyone in the investment world is well aware of how this worked (and we all made a huge amount of money directly from the rate-cut rape of Americans' savings and assets -- not to mention pushing the real estate bubble, i.e. flipping new homes).
"Briefly, what happened was that, by 2002, as the economy was failing, we desperately needed all Americans to take the money out of their savings accounts and home equity and spend it ... We accomplished this by making them feel rich by slashing interest rates -- as Bonddad explains above. It worked great for nearly four years.
"Then, sadly, Americans spent all the money they had ... They've also maxed out their credit and their FICO scores stink -- so they're worse that useless. They are a drain on the economy.
"When Bush politicians go on TV and mention tax cuts as the reason for the boost in retail spending (aka the economy) those of us down on the trading floor just roll our eyes. Yeah. Right. It doesn't matter to us, though. We took the American people's savings and invested it for ourselves -- in Halliburton (in Dubai) and in foreign currencies held offshore. AND we hardly had to pay any taxes at all on our enormous profits (thank you. Mr. President!).
"All's well that ends well -- at least for the Plutocrats."
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