cabear

Energy Policies May Lead to Carbon Crack-Up by 2012

- Sometime in the year running up to the Presidential election in 2012, Washington will realize it’s made an enormous mistake.

Hopefully the VOTERS will too.

Post-Election Stock Massacre

This morning I heard Dodd threatening to "punish" banks if they don't start lending. With this kind of talk why wouldn't investors run for the exits.

And Obambi and his economic "dream team" have already made it clear that no bailout is too big - so the autos, airlines and newspapers can start lining-up. Expect trade protectionism just around the bend. Main Street thinks it's good for them.

So he's already off to a smashing start on the economic front and I guess the next 4 years will be a repeat of the last 8 after all.

Get Ready to Buy Like It's 2002

Yeah, sounds like the author hit a nerve with the comparison between Obambi and Carter. I guess the Nobama supporter is afraid that it might be true.

We'll find out in 4 years' time although unfortunately I'm not holding my breath for a reincarnation of Reagan to save America in 2012. The sheeple and lemming vote may just continue to follow Obamanation off the cliff. 4 years from now they'll still be blaming Bush and hoping for change (in their pockets).

How Will Shrinking Boomer Spending Affect the Economy?

Barack the Bolshevik will take care of everything. Hope for Change! (to be left in your pockets)

Senate Passes Most Fiscally Reckless Bill in History

Mr. Shedlock,

I disagree that "the war is over". The war against America's taxpayers is just beginning.

Did it occur to you that Obamanation & his handlers in Congress might be equally clueless about how to solve these financial & economic problems, and therefore just as likely to either a) use whatever is left of the $700 billion or b) request another round of bailout money when the first $700 billion does nothing to lift the economy?

Obamanation is not the 2nd coming of the Messiah, he is just another prototypical tax-and-spend Democrat, and last time I checked there is no shortage of Democrats culpable in this crisis (including his handlers Frank and Pelosi who you've called out by name). If you are partly blaming Democrats for this "fiscally reckless" bill, why would a prototypical Democrat do any better once in office, especially one who will serve at the whim of a Congress controlled by the old guard of the Democrat party?

On that note, many of us regard Obamanation's tax-and-spend bills, namely massive tax increases and yet another government entitlement to provide "free" healthcare, to be equally if not more "reckless".

Unfortunately in this war, America's taxpayers (now evidently less than 50% of the population) are the minority. If we thought the last 8 years were bad, we will soon learn a new meaning of "reckless".

Speculating on the Future

You are also assuming the politicians don't gum things up in 2009. Assuming an Obamanation, we will see higher taxes, potentially over-cooked regulation of financials, union empowerment, some form of gov't health care entitlement (even more gov't spending), and interference in the normal housing price adjustment process known as foreclosure. If his entire program is passed over say 2009-10, it will not be good for the U.S. market at all. BTW we're likely to get at least some of the above even if McCain wins. Maybe invest for dividends but IMHO it's another 5 years at least on this bear market.

The Next President Will Be Trapped by History

Obamanation won't need to explain this to me, living in California I've seen the social and economic rot from within caused by excess taxes & regulation, out-of-control labor unions and environmental wackos. "Change" must come from true economic empowerment and freedom at the local level, not from D.C. and not by renewing the failed liberal ideologies of decades past.

McCain ETFs: What If the 'Maverick' Pulls It Off?

"Many people tried to warn the public of this, but people refused to listen. It has been said that in a democracy you get the government you deserve. But what about the other half of us who wisely wanted someone else?"

To imply that these problems only emerged over the last 8 years is laughable. The roots run deep and at least to the 1960's if not earlier. Both parties are to blame, including the Dem congressional leadership that was in power prior to 1994.

If you believe that Gore/Kerry would have done any better, I have a bridge to sell you. If you truly think Obama will be any more effective cleaning-up this mess, good luck with that. The only way you will come out ahead is if you apply for a job in his administration and make millions of $$'s along with every other DC politician and insider.

House Price/Sales Are Affected By Wall Street [Housing Tracker]

I wonder if these price/sales declines even begin to reflect increased costs of owning a home (consumption) - namely utilities. And they most certainly do not reflect the massive tax increases we are likely to see at all levels of government over the next 2-4 years, which will make debt service even more difficult in hi-priced markets like Cali. Even in markets where prices remain flat, homeowners are losing the battle with inflation.

What a disaster.