Freedoms Truth

Our Current Economic Illusions

"Problem is, this regime has been blamed for talking down the "robust" recovery ...for politcal reasons."

Which is exactly what they did. They needed to overstate the danger, in order to sell their bogus 'solution'. Meanwhile, the inexorable workings of the economy would go through the recession-recovery cycle anyway.

" The regime has always maintained at least from what I hear them say, that things were going to get worse before better."

That's akin to predicting the rising of the sun in the East.

No, the REAL bogus statistics the Obama admin/Regime are peddling are the 'jobs saved' numbers. We now know many of those numbers are beyond bogus - they listed jobs 'saved' in Congressional districts that dont even exist!

Our Current Economic Illusions

"stimulus money that is mostly tax cuts"
Wrong. the 'stimulus' was really a local/state govt spending bailout and was mostly Government spending. That's one reason why it was so ineffective.

Our Current Economic Illusions

AxIt - "dear republicans I'm so sorry for you that your loved GOP terribly messed up things in the last decade"

Dear political Partisan: Ahem, private sector employment is down about 7 million since Nancy Pelosi became speaker of the House in Jan 2007.

In accusing others of putting a political prism on things, you are PROJECTING.

AxIT: "and now under the dems things are improving."
Employment, GDP, value of dollar, and deficit/debt, are all worse than when Nancy Pelosi and the Democrats took Congress.

"It must hurt, but you have to live with this."

We will be going another 6 years before the economy recovers to have employment as low as it was under the Republican Congress. It must hurt, but you have to live with the consequence of your own BS. You've put a bunch of clowns in charge of the economy, and the consequences are lower growth, higher deficits and higher unemployment for as long as the Democrats remain in charge.

The Economic Recovery That Isn't

Schiff's focus on JOBS is well-placed. What is as bad as the jobs report is the average workweek, and looking at the fact that our economy is currently putting the total amount of hours that was put it back in 2002 - is that the path to a growing economy?


The first step on the road to long-term recovery is to stop killing jobs with bad Government policies. Will the Obama/Democrat zeal to socialize healthcare careen our nation on a path to inevitable fiscal ruin as the taxes and mandates just kill future jobs?

Now comes crunch time in DC. If this is passed, USA's economic pre-eminence will be history. Save America's economy, Stop ObamaCare!

Sentiment Overview: Surprising Increase in Optimism

There is One and only One Major leading economic indicator that owerwhelms all others right now... Will the Obama/Democrat zeal to socialize healthcare careen our nation on a path to inevitabl fiscal ruin. The markets have perked up on ever Obama setback, and fell back when ObamaCare advanced.

Now comes crunch time. If this is passed, USA's economic pre-eminence will be history. Save America's economy, Stop ObamaCare.

This Recession Ain’t Over

"Why do writers seldom talk about what it would take to get this economy back on a healthy road? Like a smaller and less intrusive and controlling federal government. Like lower taxes. Like eliminating many rules, regulations and laws that prevent the private sector from doing it's job. It is the private sector that creates new businesses and new jobs. It is the private sector that keeps the government sector afloat. Yet the public sector does all it can to stifle that sector. Makes no sense to me. "

You have awesome ideas ... but ... So long as Obama and the Democrat are in charge of Washington DC, their approach will be the opposite of that. They are about to destroy healthcare innovation for the next generation *AND* tee us up for massive new taxes and the destruction of state budgets, all in one fell swoop.

So proposing doing that is a bit like trying to round up virgins in a whorehouse. It might be fun, but it's an exercise unlikely to succeed.

Marc Faber: 'It Will All End in Disaster'

" The USA is suffering from crony capitalism."

I hear ya. The news today:

AIG director named to Obama task force
www.freerepublic.com/f...

www.freerepublic.com/f...
bailout benefitting exec (Goldman Sachs) gave the max to Obama's 2010 Senate campaign in Dec.

www.freerepublic.com/f...
Cali Democrats in lege putting friends and family on lege payroll
"At least a dozen political allies, relatives and friends of legislators, including political candidates in need of a salaried landing or launch pad between elections, were on the legislative roster last year at a cost of $754,000."

www.freerepublic.com/f...
The Obama administration rejected a Tribune request under the Freedom of Information Act to review Freddie Mac board minutes and correspondence during Emanuel’s time as a director.

www.freerepublic.com/f...
Another high-ranking official in the Obama administration has had to leave his position, and in this case, one has to wonder how he got the job in the first place. Scott Polakoff, the top bank regulator for the Treasury, has taken a leave of absence after internal audits uncovered his allowance of backdated capital infusions, which could amount to cooking the books for IndyMac and other institutions. But the OTS chief had also been responsible for regulating AIG as well..


...AND SO IT GOES, using the taxpaying wealth-producers funds to help the politically connected.

Marc Faber: 'It Will All End in Disaster'

"> The Hoover administration practiced Austrian economics ("laissez
> faire approach to the economy")."

Completely wrong view, and a myth the socialists and Democrats like to spread. Anyone who repeats this myth just shows their ignroance. Hoover raised taxes (increasing high end tax ratesfrom 25% to over 60%), raised tariffs, and ramped up spending. It only made the economy worse.
FDR in 1932 ran on balancing the budget(!!), although he ended up increasing deficits and budgets massively. It too failed economically, but worked politically by creating a Govt-spending-dependent class of voters.

10 Reasons Why We Still Haven't Hit Bottom

"If there's any upside to this recession, it's that we won't have to put up with all those house flipping shows on t.v where complete morons made a whack of cash just because they woke up that morning."

Uh, they've been replaced by " buy foreclosure" infomercials and 'buy gold' ads.

10 Reasons Why We Still Haven't Hit Bottom

"Most bottoms occur when no one thinks it is. "

A marvelous self-refuting comment. It's tough being a contrarian bear when bearishness is rampant.

I thought November was the bottom, but when it when below 7200, everyone just cr*ppped, thinking "where is the bottom?" As of today we are above several levels of support from that bottom.
We may retrace, but then again buy a company at single digit PE that will survive until 2011 without going BK and you'll have a winner.

It is probably a good time to buy if and when it retraces.

2009: By Far the Worst Start to a Year Since 1900

This data means nothing at all except that 2009 has started off terribly.

It is good to look to history to learn its lessons but such data offers no lessons at all except that past history does not indicate future performace. "

I agree. It also would be more pertinent to look at presidential starts only, to see the predictive effect.

Obama has had the worst opening of any president. IMHO the fall since Jan 3rd has been largely due to the 'Obama effect'.
Did the 'good opening' Presidents portend a good 4 years and the bad ones a bad 4 years? Or not predictive power?
Interesting that 1913, 1933 and 1977 are on the chart. Democrats all. The only GOP starter is 1973/Nixon.

Will There Be an Obama Bounce?

"This article does nothing for an investor."

Yeah, well, neither will Obama. An empty suit article for the empty suit President.

Carter's swear-in day results in 1977 were -1%. Obama is another Carter. We might do the same tomorrow.

Week in Review: Market Uptrend Broken, Will We Return to November Lows?

"While I am very skeptical of the economic plans of the incoming administration, most people are not ..."

I am skeptical too. So are most people who know that the history of socialism and keynesianism is a history of govts failure to fix economies via govt planning and spending.

But those idiots who are putting faith in the semi-socialist economic plans ofthe Democrats dont have money to invest in the market.
And if they did, yet are still foolish enough to buy into the Obama snake oil, then they will be soon parted from whatever money they have left.

Laszlo Birinyi: S&P 750's the Bottom - Barron's Interview

All these bears mocking his sensible points and declaring another Great Depression (when we are in no such situation) tells me he is probably right.

10-yr treasury pays under 3% and you can get solid companies like PFE and GE and MO yielding 7%+ divvies. Hint: Good sign the market is undervalued.

Why a Psychological Bottom Will Lag Any Real Recovery

"Equities are not a good long-term holding for now. "

Buying now beats buying at S&P 1400!
I am way off my highs, but also off my lows, up 30% from november in one account. I did it by buying stocks that are at incredible sale prices, under 0.5 book, low single digit PE, etc. This only happens in a super-bear. I guess I should feel lucky that one account is dead even with where it was 8 years ago, since the market was higher then.

It was a mistake to be all in at the top and a mistake to be all out now.

If all the market does is go sideways for 2009, I'll be okay on my divvie stocks like PFE.

All this bearishness warms my heart, makes me realize that the market will have plenty of upside once people realize its not so bad. I think 2009 will be an up year in the 15-20% range, clsoe around 10500 on the dow.