Sorry, folks, today has been such a day of unbelievable nonsense from the BHO announcing that it wants to get a stimulus package that includes another huge bail-out for the auto industry and rebate checks to people who don't even pay taxes to the speech that Bush-43 tried to give spinning that "I am a free-market guy..."
It was a day where the markets again are gyrating to take out the LOY as discussed and then reverse themselves and run almost 60pts straight up on nothing but speech making while the unemployment picture gets more and more bleak.
The consumers are in all areas cutting back, pawning their personal items in unprecedented levels, reducing their spending across the board to where Christmas time could be the worse holiday spending period in decades. People are simply scared, tired, and confused about many things:
- How Wall Street gets billions while Main Street gets the bill
- How auto company employees get their fat pensions saved while people without pensions get the bill
- How banks get saved from bankruptcy while they force some tax payers into bankruptcy by jacking their interest rates
- How banks get low interest bail-out taxpayer monies while jacking fees and charges to customers
- How 40% of citizens in the US don't pay taxes, but are going to get their "taxes cut" through rebate checks
- How small businesses that generate over 85% of the jobs will tax rate hikes
Any reason why people are confused and are just going to "hunker down?"
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