Geithner Is A Idiot Or A Liar

I am going with both...



Sad day for America.

Time To Say It

We're probably in a double dip recession.

Ya think?

Double dip may be back. It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again.

That $5 TRILLION dollars San Fran Nan, Dingy Harry and Barry Soetoro flushed down the crapper didn't solve the problem?

Must just be more of those headwinds Mr. Shipman Jay the Carney talked about...

Double Dip

And its not on a cone...

There are several signs that a recession is firmly in place again and that the downturn could last for several quarters. Most are already easy for the average American to see.

This is not an isolated opinion it appears. Just ask the chief economist at Moodys.

"Even with a market-friendly resolution of the debt standoff," they write, "a double-dip recession is far from unlikely."

That friendly market is back under 12,000. Thanks Barry!

Deal Reached

Barry can play golf again...

Dick(head)Durbin can learn the Senate rules.
Bill Gross says the deal won't stop a down grade.
Something to do with $10-$12 trillion of outstanding debt and $60 TRILLION DOLLARS of liabilities...
The deal lasts until 2013....Barry is off the hook. Another push for revenue taxes won't be far off.
On the upside, the tigger has likely cast his last vote in the U.S. Congress.
The Nikkei opened up much higher.


I need sleep.

The Only Chart You Need To See

From Doug Ross with a safety warning included...

Looks like some pretty good years under Clinton that Republican Congress...
When Pelosi took over in 2007? Not so much.

Failure Of Leadership

Yes, most of us agree Barry is a failure.
In 2006 he said this.

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

That was when there was a nasty old Republican in the White House though...



Change indeed...