Your New Job
January 31st, 2008 by 
reality
“The sooner we get this relief in the hands of the American people the sooner they can begin to do their job of being good consumers,” said House Republican Leader John Boehner of Ohio.
Well that’s a relief, now I know what I’m supposed to be doing. I always thought it was the pursuit of happiness, or some such wobbly thing, which is not all that easy. And that working thing, well I’m glad that’s off the table now. Too bad I spent so many years on a wild goose chase. Oh and that thinking thing, that’s off the table, too. The government will send me money and I will go out and spend it. In return I will keep my head down and shut up. Panem et circenses.
This emphasis on consumption is insane. You might just as well send the ‘crats out to buy everything in the stores and truck it to some huge garbage dump. Economically, the result would be the same. We need savings and its corollary, investment, to build a viable economy that is not dependent on the kindness of strangers. And yet the government persists in destroying any economic incentive to save and invest. It is about as sane as playing Russian roulette with all the chambers full.
Posted in Government, Income & Consumption, Rogues and Rascals, Saving & Investment, The Fisc | 
February 1st, 2008 at 3:55 am
The Chinese government must love statements like this. While every candidate is worried about the minority of sub-prime home owners who are in danger of loosing their houses, there are other groups that will suffer greatly:
1. Individuals trying to live on social security,
2. Savers who construct their finances to be as debt free as possible,
3. Young people who don’t have houses or stock market accounts that are trying to save and buy their first house as prices plummet.
Don’t worry, be happy because Uncle Sam will help you with low cost MANDATORY health care insurance once Queen Hillary “The Rod” is in control.
The decline of the United States of Debtors has begun in full force and we have been warned.
February 1st, 2008 at 8:53 am
weeeeeeeeeeeeeeeeeeeeee
The markets are so much more fun this year vs last year.
if markets go straight up (IWM almost 4% in last 4 hrs of trading)
then ..Sell
At 10 AM, someone on wall street hits the big SELL button.
I think it’s because everyone knows Ben is day trading interest rates. Perhaps another surprise rate cut by the end of today?