Overwhelm The System

One Man’s Thoughts Has Moved To

http://www.patriotthoughts.com

You can read this article at:

http://www.patriotthoughts.com/2010/06/30/overwhelm-the-system/

Thank You, Vytautas

The Russians See What Is Happening In The US – Why Don’t Democrats – Or Do They?

The  irony of this article appearing in the English edition of Pravda (Russian on-line newspaper) defies description.  How can a Russian newspaper print the following yet the American  media will not? Check Snopes link http://www.snopes.com/politics/soapbox/pravda.asp

American  Capitalism Gone With A Whimper

It must be said, that like the breaking of a great dam, the American descent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.

True, the situation has been well prepared on and off for the past century, especially the past twenty years.  The initial testing grounds was conducted upon our Holy Russia and a bloody test it was.  But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.

Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.

First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather than the classics. Americans know more about their favorite TV dramas than the drama in D.C. that directly affects their lives. They care more for their “right” to choke down a McDonald’s burger or a Burger King burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our “democracy.”  Pride blind the foolish.

Then their faith in God was destroyed, until their churches, all tens of thousands of different “branches and denominations” were for the most part little more than Sunday circuses and their televangelists and top protestant mega preachers were more than happy to sell out their souls and flocks to be on the “winning” side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the “winning” side, their flocks were ever so quick to reject Christ in hopes for earthly power.  Even our Holy Orthodox churches are scandalously liberalized in America .

The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive.  His spending and money printing has been a record setting, not just in America ‘s short history but in the world.  If this keeps up for more than another year, and there is no sign that it will not, America at best will resemble the Weimar Republic and at worst Zimbabwe .

These past two weeks have been the most breath taking of all.  First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, losses, and swindles of hundreds of  billions of dollars.  These make our Russian oligarchs look little more than ordinary street thugs, in comparison.  Yes, the Americans have beat our own thieves in the shear volumes.  Should we congratulate them?

These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another. They are also usurping the rights, duties, and powers  of the American congress (parliament). Again, congress has put up little more than a whimper to their masters.

Then came Barack Obama’s command that GM’s (General Motors) president step down from leadership of his company.  That is correct, dear reader, in the land of “pure” free markets, the American president now has the power, the self-given power, to fire CEOs and we can assume other employees of private companies, at will. Come hither, go dither, the centurion commands his minions.

So it should be no surprise, that the American president has followed this up with a  “bold” move of declaring that he and another group of unelected, chosen stooges will now redesign the entire automotive industry and will even be the guarantee of automobile policies…  I am sure that if given the chance, they would happily try and redesign it for the whole of the world, too.  Prime Minister Putin, less than two months ago, warned Obama and UK’s Blair, not to follow the path to Marxism, it only leads to disaster.  Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our “wise” Anglo-Saxon fools find out the folly of their own pride.

Again, the American public has taken this with barely a whimper… but a “free man” whimper.

So, should it be any surprise to discover that the Democratically controlled Congress of America is working on passing a new regulation that would give the American Treasury department the power to set “fair” maximum salaries, evaluate performance, and control how private companies give out pay raises and bonuses? Senator Barney Frank, a social pervert basking in his homosexuality (of course, amongst the modern, enlightened American societal norm, as well as that of the general West, homosexuality is not only not a looked down upon life choice, but is often praised as a virtue) and his Marxist enlightenment, has led this effort.  He stresses that this only affects companies that receive government  monies, but it is retroactive and taken to a logical extreme, this would include any company or industry that has ever received a tax break or incentive.

The Russian owners of  American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible.  In other words, divest while there is still value left.

The proud American will go down into his slavery without a fight, beating his chest, and proclaiming to the world, how free he really is. The world will only snicker.

California’s Last Auto Plant Shuts Its Doors

One Man’s Thoughts Has Moved To

http://www.patriotthoughts.com

You can read this article at:

http://www.patriotthoughts.com/2010/04/05/californias-last-auto-plant-shuts-its-doors/

Thank You, Vytautas

46% More Likely To Buy Ford ‘Cause It Didn’t Get A Bailout

Public opposition to the auto bailouts may translating into consumer buying decisions, with 46% of Americans now saying they are more likely to buy a car from Ford because it did not take government money to stay in business.

Nearly one-out-of-five Americans (19%) say someone in their family or a friend has chosen not to buy a car from GM or Chrysler because they took bailout money.

Most Americans (53%) believe that it is at least somewhat likely that the government, now that it has substantial ownership stakes in GM and Chrysler, will pass laws and regulations giving those two automakers an unfair advantage over Ford. Thirty percent (30%) say it’s very likely. However, one-out-of-three investors (33%) say it is very likely that the government will give an unfair advantage to the bailed-out automakers.

13% of Americans say someone in their family or one of their friends has bought a car from Ford recently because it did not take a government bailout.

Fifty-one percent (51%) of investors are more likely to buy a Ford, compared to 41% of non-investors. Those working in the private sector by 11 points over government employees give the nod to Ford because it didn’t seek a bailout.

Investors and private sector employees also are less likely to buy a GM car even though the automaker has emerged from bankruptcy.

In June, only 42% of those who currently own a GM car said they were even somewhat likely to buy a GM product for their next car.

Forty-one percent (41%) of Americans expect the quality of GM cars to get worse now that the federal government is the company’s majority owner.

Most Americans have consistently opposed bailouts for the troubled automakers since they were first proposed late last year.

Seventeen percent (17%) say Americans should protest the bailout by boycotting GM and refusing to buy its cars.

Eighty percent (80%) of voters want the government to sell its stake in General Motors and Chrysler as soon as possible.

This statewide telephone survey of 1,000 Adults was conducted by Rasmussen Reports July 23-24, 2009. The margin of sampling error for the survey is +/- 3 percentage points with a 95% level of confidence.

Rasmussen Reports is an electronic publishing firm specializing in the collection, publication, and distribution of public opinion polling information.

California Collapsing

One Man’s Thoughts Has Moved To

http://www.patriotthoughts.com

You can read this article at:

http://www.patriotthoughts.com/2009/06/25/california-collapsing/

Thank You, Vytautas

Obamanomics: How Stupid Do They Think We Are?

Pretty stupid.

Watching Fox News Sunday, I caught a panel on which Obama economic advisor Austin Goolsbee conceded that the administration had previously predicted unemployment would top out at around 8%, that it was now up to 9.4%, and that double-digit unemployment was a distinct possibility in the near future. Goolsbee didn’t resort to the administration’s blather about “saving or creating jobs,” but he did repeat its fustian about how last month’s loss of 345,000 jobs (resulting in a half percentage point jump in the jobless rate) is somehow good news because it beat predictions (I don’t recall him saying whose) of even more dire loss numbers. It made me wonder why, if those predictions either existed or were serious, the Obama administration would have previously predicted that unemployment would top out at 8%?

Goolsbee then laughably intimated that the steep jump in the jobless rate could be attributable to hopeful signs that the economy is improving. Huh? See if you can follow this: He says flashes of hope that we are on the verge of a revival have purportedly caused previously uncounted jobless people to seek (but not find) work — that is, they waited out prosperous times, deciding to leap into the job hunt only when hundreds of thousands of heretofore gainfully employed people got pink-slipped and began competing for a declining pool of jobs. Of course, why shouldn’t Goolsbee think he can get away with these fables when the Obamedia has taken to repeating them verbatim? Witness the headline on page one of yesterday’s Wall Street Journal: “Slower Job Losses Lift Hopes” — I’m sure that’s exactly the headline Bush would have gotten after a half-point jump in an already sky-rocketing jobless rate.

If that weren’t enough to make your head spin, Goolsbee also blamed Obama’s handling (i.e., nationalizing) of the auto industry on . . . President Bush. Obama, you see, was saddled with this mess because Bush — over the objections of his own party — decided back in December to raid billions in public money intended for bailing out the financial sector in order to bail out the automakers.

Again, how stupid does he think we are? Bush’s move came after then President-elect Obama implored him to take action to stave off the collapse of the auto-industry. This was one of the major topics of their meeting in the White House on November 11, covered hereby the Wall Street Journal. Back then, Speaker Nancy Pelosi and Majority Leader Harry Reid were already urging Bush to study whether — regardless of how Democrat sponsored auto bail-out legislation fared — the president already had the authority to divert financial sector bail-out funds for Detroit. So it was that when Republicans defeated the auto bail-out bill December, Bush, at the urging of Obama and the Democrats, made one of the worst gaffes of his presidency by extending over $17B in government “loans” to GM and Chysler. For the Obama/Democrat line to now be that Bush foisted this mess on the new administration, and that Bush is to blame for Obama’s geometric exacerbation of the problem, is breathtaking.

Finally, Goolsbee explained that it was unfair to accuse President Obama of a flip-flop just because he is now amenable to taxing employer-provided health benefits despite arguing during the campaign that it was shameful for Senator McCain to suggest taxing employer-provided health benefits. After all, Goolsbee elaborated, the initiative to tax the benefits is not Obama’s idea; it is an idea of top Democrats (with whom the White House closely coordinates) to which Obama is listening because he’s just that kinda open-minded guy. Uh-huh.

http://corner.nationalreview.com/post/?q=ODc2OWI4NzhkZjRkODRjMTJmYjY5NDQxMTZiM2RiMjQ=

Something Is Rotten In The Auto Bankruptcy Deals

Here’s how the Dow News Wire described the carnage: “GM said it would close 17 factories and parts centers and lop off 20,000 more jobs by the end of 2011 in Michigan, Indiana, Ohio, Tennessee and other states [many of those jobs will be bought off with six-figure payouts, courtesy of the taxpayers]. The new price tag will be $30 billion, on top of $20 billion in U.S. funds already put into the company. In exchange, the U.S. will own 60% of the new GM. In all, the rescue of the car industry could cost taxpayers close to $100 billion.

Aside from the fact that all bailouts are unconstitutional, I continue to point out the utter impropriety of Congress giving the Treasury the power to arbitrarily bail out some banks while denying other smaller banks equal access. Government cannot play favorites, but it does. The FDIC says there are 350 banks on the problem list. Bob Chapman asks, “Why can’t they be bailed out like the 19 money center banks?” Good question. It is clearly meant to allow the favored, most insolvent banks, to buy up the others using taxpayer funds. “The treasury will inject a fresh $50 billion in support of GM. GM debt will drop from 170 billion to 12. US treasury is bailing out Jp Morgan Chase and Citgroup of 100% of their GM debt by paying off all of the CDS they placed on GM bankruptcy. This is selective sheltering.” Indeed it is, and it is a violation of every principle of law the US has known for 200 years.

To read the entire article go to http://www.rense.com/general86/auto.htm

Some Thoughts From John Galt

The end of the Bush Era was greeted in January as a blessing by all except those with more than two functioning brain cells.

While we are watching the dissection of our capitalist system by a bunch of academic weenies, our political leadership in both parties are playing quarters drinking at the taxpayer’s expense.

We have witnessed blatant takeovers of American corporations, extortion using the tax code, evasion of the tax code by potential government nominees and oh, that’s right, we found out that President Barry can also handle Human Resource duties as well as act like all of the stockholders by selecting CEO’s of private corporations at a whim. Too bad there is no law to allow that, but silly us, who gives a crap about the “rule of law?”

It was just “sex” and “perjury” after all and hell, we were in a bull market so who cares about the “law” then or now?

Let us take a quick look ahead as to what could be coming our way in Q2 2009:

1. GM bankruptcy-A mortal lock unless we elect to continue perpetual government financing of these clowns. Even Obama isn’t that stupid. I hope. For Change. Quickly.

2. Large bank failures – Somebody has to die for the others to survive and with HSBC all but telling America “you suck” and saying goodbye, do not be shocked if more Euro banks pull out and some large regionals finally recognize real losses and say buh-bye. CNB got a private equity bailout today but when you see the real estate that some of the regionals own down here in the land of sunshine and collapse, you realize that there will be some CRE hell to pay along with the Residential crap which is failing at a faster rate.

3. Fiat = Forget It American Taxpayers after they find out the Obamanation plans on how government will oversea their strategic planning for Chrysler. They become the largest bankruptcy in recent automotive history causing John DeLorean’s skeleton to poke out his middle finger from the grave at the former “Big 3″ and Americans understand that private-public partnerships are total horsecrap.

4. TARP II passes – Putting more pressure on the Fed to double its balance sheet and buy more 2-5-10 year paper to keep the yields and interest rates artificially low.

5. The S&P hits my target possibly in April (600-650) then after some more “initiatives” (Translation: Socialism) the market stabilizes by mid-May and we probably see a finish in the 890-930 range, Dow might actually top 9000 to finish the quarter.

6. The wave of municipal bankruptcies begin prompting a new bailout program for cities being allowed to trade their muni debts for Treasury paper in straight swaps at low cost.

7. Personal bankruptcies approach the numbers of 2005 just before the law changes.

8. OPEC allows members to accept payment in Dollars, Euros or Yuan.

9. Farmers begin to rebel against a new wave of environmental regulations and further reduce plantings for this year’s major harvest.

10. Beef is banned in a public school in California for ‘the childrun’s sake’…..

That’s it for my wild prognostications for Q2 and I still stand behind my annual predictions from DOOMAGGEDON 2009 on January 2nd. Wouldn’t it be cool if Monica Lewinsky was named Ambassador to Latvia? Come on Obama, that would be fun, especially when Hillary swore her in!

To read the entire article go to: http://johngaltfla.com/blog2/2009/03/31/obamarket-update-51-for-tuesday-march-31-2009-the-quarter-ends-and-our-leaders-are-playing-quarters/