flashrob

PPIF: A Step in the Right Direction - But Not a Cure-All

the assets ARE SOMEWHERE IN THE MIDDLE... I agree...

problem is: they are going to continue to GO DOWN...with more high-paying job losses, more foreclosures as "mainstream mortgage payers" lose their jobs...

the future is "no recovery FOR MANY YEARS" FOR "big financials!"

the market is in denial listening to "recovery hoopla!"

what we need is REALITY to even have a chance at weathering this catastrophic economic storm.

MAIN ST. needs to be bailed out with a "huge and immediate" tax refund to GET THE CONSUMER ECONOMY jumpstarted...

forget the bondholders at the "big financials" ...they and friends are trying to "rally mkt up" so they can UNLOAD THEIR DECLINING ASSETS TO suckers...WHO THINK THESE PHONY STOCK MKT RALLIES will continue...

underlying fundamentals SPELL no "quick fix" to the world wide economy ...LIKE THOSE by Whitney/Roubini...who are giving
us the "unpleasant but real numbers and forecasts!"

flashrob

PPIF: A Step in the Right Direction - But Not a Cure-All

were we FOOLED AGAIN, BY "BIG MONEY!" have they INSTALLED "ANOTHER PUPPET!" beginning to look like THEY FOOLED US AGAIN...as usual!!!

Now, if Mr. Obama, wants TO PROVE OTHERWISE... here's a JUMPSTART THE ECONOMY CLUE FOR HIM!

HELP "main st" instead of "wall st."

illusion NUMBER ONE: you keep hearing that we have to prevent the "big investment type banks and financials" from failing TO PREVENT A WORLDWIDE LIQUIDITY CRISIS.

THIS IS FALSE because PUMPING THOSE BANKS FULL OF LIQUIDITY WILL NOT "GET THEM LENDING!" It only "bails out formerly rich investors!"

Think: Who is going to be borrowing IF YOU FLOOD THE BANKS WITH MONEY ...that could be used BETTER ELSEWHERE!

We are in a "global recession" and STILL GOING DOWN with continued FURTHER JOB CUTS. WORLDWIDE BIZ is CONTRACTING, DELEVERAGING, AND LAYING OFF PEOPLE.

BIZ NEEDS LARGE AMOUNTS OF LIQUIDITY AND FREE FLOWING CREDIT when THEY ARE EXPANDING "NOT CONTRACTING."

using the "trillion bailout" IS LIKE PUSHING A STRING...

those that NEED CREDIT, like the consumer WILL NOT GET IT, AND "big biz" does not need it IN CONTRACTION.

they are just BAILING OUT WALL ST. "AS USUAL!"

I voted for O'bama thinking CHANGE... but it appears the FOXES have surrounded him... and are taking care of "foxes" and not "us chickens!"

SOLUTION: we have 600 or so regional and local banks and SOME BIG ONES that are not using "mark to mkt" accounting and are in relatively GOOD FINANCIAL SHAPE.

LET THE BIG INVESTMENT BANKS GO DOWN...flooding them with credit that few need is WASTING TAXPAYER DOLLARS!

while there is STILL TIME... give the CONSUMER (who won't qualify for the credit reliquification anyway) A
HUGE IMMEDIATE TAX REFUND for last year.

the "individual" consumer could be given a "treasury refund coupon book"
with options to spend the tax refund in "certain timeframes" and on certain biz and sector purchases. This way he can't "salt away the money, etc."

say: one coupon of 20% could be used to purchase a "new or used car" or make a mortgage or credit card payment" but not pay off all credit card debt in one shot...like make double the minimum payment, etc. ...get the idea!

Congress would have to work out the specifics of the plan, but the effect WOULD BE TO IMMEDIATELY PUMP "HUNDREDS OF BILLIONS" OF DOLLARS into ALL SECTORS OF BIZ AND THE ECONOMY (instead of wasting this money to liquefy credit in world banks...where it will help few who "need and quality" for that type of credit).

JUMPSTARTING the "consumer sector" of the economy is WHAT IS NEEDED IMMEDIATELY...not bailing out Wall St. fiascos...

if you don't jumpstart the "consumer economy" immediately...more jobs WILL BE LOST, MORE PEOPLE WILL BE FORECLOSED AND LOSE THEIR HOUSES. These jobs will not return easily or quickly once they are lost.

Get with it Obama. Forget Wall St. ...BACK "MAINSTREET!"

FLASHROB

PPIF: A Step in the Right Direction - But Not a Cure-All

all this LIQUIDITY CRISIS talk...

all kinds of EFFORT TO IMPROVE LIQUIDITY IN THE CREDIT MARKETS...

the problem I have with this: "WHO THE HELL NEEDS TO BORROW ALL THIS MONEY?" which is supposed to return the finanacial sector to profitability....

THE ABOVE IS THE QUESTION THAT NEEDS TO BE ADDRESSED...I am still waiting for the Obama Administration which is "severely focused on restoring liquidity to big financials" TO TELL ME WHY THEY ARE "PUTTING SO MUCH EFFORT IN THIS ACTIVITY!

IF WE ARE IN A WORLD WIDE RECESSION AND WORLD ECONOMIES "ARE CONTINUING TO CONTRACT" ...

biz needs CREDIT/LIQUIDITY in an EXPANDING MARKET/ECONOMY...

PUMPING THE BANKS "FULL OF MONEY" IS LIKE "FILLING THE SHELVES OF A RETAIL STORE WITH GOODS"...

IF THE CONSUMER IS "OUT OF MONEY" and THESE BANKS have Obama "pumped in full money"...they still WILL NOT LEND TO THOSE WHO NEED CREDIT...BIZ DOESN'T...they are not EXPANDING...but the consumer needs "credit" to buy the stuff in our stores...

Obama and company...ARE MERELY "FILLING UP THE STORE SHELVES" (supply side economic theory)...BUT HE IS OVERLOOKING THE FACT THAT "A CONSUMER WHO LOST HIS JOB...even if he is "temporarily" subsidized by "unemployment...like at 60% of his former pay...and not even that if he was making big bucks...

WHERE IS THE "DEMAND" and the credit extended to those in THE POTENTIAL DEMAND "SIDE OF THE ECONOMY"...

will SOMEONE PLEASE "GRILL OBAMA ON "DEMAND" and how he will accomplish THAT!

everyone is IGNORING THAT FUNDAMENTAL ISSUE.

President Obama: ADDRESS "DEMAND"

no DEMAND, and banks "FULL OF LIQUIDITY" mean VIRTUALLY NOTHING TO RESTART ECONOMIC RECOVERY!

flashrob