1 A currency/debt crisis is 100% assured if we continue on our current path.

2 Here's my 'prediction'.  The economy will SUCK for the next 2 years, and will recover once the CURRENT occupant of the White House is GONE.

You're welcome.  And you'll notice I did not have to use the word "unexpectedly".

3 Obama has a plan for the third year of his presidency, of course: Blaming Bush

Wow.. how unexpectedly unexpected.  Expect the lamestream media to be totally stunned at the unexpectedness of it all.

4 Don't y'all!  He's the smartest, cleanest, more articulate president we've ever had.  I'm sure all he needs to do is give a speech and the economy will be roaring again.

5 good morning Ace!

6 hopefully mouthwash will get the taste of hooker spit and cheap weed out of your mouth

7  Slow and shaky wins the race.

8
In 2012 Obama will be saying it's gonna take a lot longer than 3 years to fix the mess created in 8 years. But of course 'the mess' he inherited will be a lot worse, by then. Which of course will be Bush's fault, too.

9

dare i say it? it's Unprecedented

10 Every company with 50 or more employees must now have a breast feeding room.

That's sure to stimulate things.

11 Cap and Rape, $200 a barrel oil, what could possibly go wrong with The Recovery? If it doesn't appear along with a flight of unicorns it must be those greedy corporations stealing it all from Those Who Deserve It. Right? [/sarc]

12
Well, at least we have economists being realistic about the Europeon-levels of GDP in our future.

13 We can tax and borrow our way to prosperity, you stupid wingnuts.

14

Every company with 50 or more employees must now have a breast feeding room. just cut back to 49 employees

That's sure to stimulate things.

FIFY

15 hopefully mouthwash will get the taste of hooker spit and cheap weed out of your mouth

Not if your using that new "Hooker Spit and Cheap Weed" flavor of scope.  Curiously enough it was not as minty as I had hoped.

16
Larry Kudlow disagrees with this. 

I'm not sure who is right, but I think that he is right about one thing: it would not be wise for conservatives to hinge their future success on the failure of the economy today.

17
By the way, according to 'most' economists and media outlets, we're in an economic recovery.

If this is a recovery, I'd hate to see a recession under Obama.

18 Kudlow (who fought hard against the gloom and doomers who were pointing out the coming catastrophe that was the "economic crisis" in 200 says we're in a v-shaped recovery.

I think it's only the left half of a "w", and the center point will not look like it does in this font.

19 Let's not jump to conclusions. The economy is acting stupidly.

20
The New Deal dragged The Great Depression on for a decade. Obama's New Deal part 2 will do the same.

21

Yay, poverty!  This are just getting more awesomer every damn day!  /sarc

Will we never seen good news again?  Is there only despair?  The Left seems to be advancing on every front.  When will the real push back begin??

22 Emoticons should be banned from the web.  That's just the fucking way it is.

Where's Joe?

23
Larry fucking Kudlow has been predicting a boom for the last 3 years. That guy is a fucking buffoon on par with Jim Cramer.

24

J.T. Marlin rates Amalgamated Hobo Supply a STRONG BUY

25 So, when states like Kolleeforneea have to repudiate their bloated pension obligations, and Socialist Security and Medicare are sending their staffers out to pick up beer cans to pay the bills, will we be able to blame Maj. Gen. Clusterfuck then?

26

Commercial delinquencies are up, personal bankrupcies are way up, home foreclosures are running strong, Greece's debt is about to go parabolic, volume on the market is at all time lows, many financiers suspect a huge bubble about to burst on the stock market as it's at dot-com levels now, blah blah blah... what's not to love?

Unpresidented!!!!!11111!1eleventy!!!!11!!1

27 The New Deal dragged The Great Depression on for a decade. Obama's New Big Fucking Deal part 2 will do the same.

Fixed.

28
Don't forget to factor in the collapse of 1/6 of our economy by 2014.

29 Those damned employers not hiring all those millions of interns. They are keeping me from greatness.

30 Kudlow predicts great things despite knowing that every step being taken is wrong.  He reminds me of Medved ie.  don't you dare call Obama a socialist despite the fact that I can't really tell you why what he is doing is not socialist (and who continues to argue that there is not socialist influence on Obama because his cabinet is not made up of former members of the Politburo, ignoring pretty much every person who had an influence on him growing up)

31

J.T. Marlin rates Amalgamated Hobo Supply a STRONG BUY

The Bluth Company Holdings went from Sell to Don't Buy

32
But really, now I understand why Obama is compared to Reagan all the time. Why their policies and ideology are almost identical!

33

Hiring or investing. I'm on the sidelines until 2012.

i am leaving the market in December of this year. Don't want to have to deal with the new taxes starting in 2011.

34 The State of the Union address, in about 5 years.

35 The primary concern of President Obama and the rest of the dinosaur left Democratic leadership is "social justice" and what they consider to be equality, the rest simply is unimportant, or even to be avoided.

36
All we need to do is build a solar-powered casino...in Detroit!

37 The New Deal dragged The Great Depression on for a decade. Obama's New Deal part 2 will do the same.

This is even better. It's "New Deal 2" with special guest "Japan After 1990".

38 This is an awful gloomy best-case scenario. Wonder what an oil shock or Chinese financial collapse would do to those numbers? Wonder if it factors in the effects of Obama's tax increases?

39

But really, now I understand why Obama is compared to Reagan all the time. Why their policies and ideology are almost identical!

Reagan : It's morning in America

Obama: It's morning the morning after, and oh yeah you've got AIDS now.

40 The only way the unemployment rate is going down is by more and more people ceasing to look for work.

41

Survey: Economy To Remain Sluggish Deep Into 20121

FIFY

42 This could get really ugly if an anticipated second round of mortgage resets hits in 2010-2012.

TARP II?

43 The Dow is at 11k, don't you rubes know a red-hot economy when you see one?

44

1. Bush tax cuts expire

2. Obama care taxes

3. Capital gains tax increase

4. Income tax increases

5. Insurmountable deficit

6. Loss of AAA bond rating

7. "Jobless" recovery

There is no way we can grow out of this without major tax cuts not increases. Cuts "don't spread the wealth around" so he would never do it.

45 BTW 'roons, O/T but important:

1) Michael Yon is being de-embedded
2) Read this article about General Petraeus.

Afghan-ee-stahn is being engineered into the quagmire of Obama's desire, while we are playing at the same crap Britain did to get out of the Mandate for Palestine: suck up to the Islamists, and ignore our allies.

More soldiers are gonna die because of it.

46

1.  Social Security in the red, and getting redder.

2.  Medicare in the red, and getting redder.

3.  Massive government Porkulus spending puts national debt at 90% of GDP.

4.  ObamaCare causes employers to cut back on hiring to avoid health insurance mandates.

5.  VAT puts new taxation burden across all productive activity in the economy.

6.  Cap & Trade raises costs of energy, resulting in further job losses and economic slowdown.

7.  Higher income taxes on "wealthy" curtails capital investment.

8.  Illegal alien amnesty proposals attract new immigrants who will overuse public services and generate little or no taxable income.

 

Yeah, things are looking up alright.  Cue: Happy Days Are Here Again

47 Did I mention the Dow is at 11k? This is a big fucking deal, folks.

48

 The Dow is at 11k, don't you rubes know a red-hot economy when you see one?

I am of the opinion the market is high because there isn't really anywhere else to put you money.

CDs at my local banks are paying 1% for 9 months. ONE PERCENT.

Bonds are weak, treasuries are..well i don't trust them. Where else can someone put their money right now and expect a decent return? stocks, high yielding stocks.

49

"If this is a recovery, I'd hate to see a recession under Obama."

Such a concept is doubleplusnonexistent.

50 Obama reminds me of my teenagers. They spend their money on crap then they want something like "warrior flip-flops". Sorry, you spent your money on crap! You don't have anymore money! You are shit out of luck. But Obama can just print it. Food deserts, nursing rooms, obamacare, college loans, crap, crap, and crap.

51 Sluggish the new Vibrant!!

52

6. Loss of AAA bond rating

The other things are bad, but if this happens we are truly fucked. Like rioting and civil disorder fucked.

If our government can't get loans at the current rates, then they will have to cut entitlements which will cause riots(see:Watts) or they will have to continue to spend and rack up a debt that will be obviously unsustainable to the apolitical part of our population.

53

"Obama care taxes"

The funny thing is, though...I really don't!

HAHAHAHAHA!  Get it?  Gallows humor!

54 deep into 2011? so we'll actually see some improvement through 2012? fuck that shit, he might get re-elected.

55

47 This could get really ugly if an anticipated second round of mortgage resets hits in 2010-2012.

NS, and the central bankers have been on a printing binge so long that there's no way they can keep bailing out companies and individuals.. not a pretty sight.

56 On the up side, it would be easy for our side to start improving the situation.  The current admin isn't using a single intelligent idea.  By stabilizing the legislative outlook (promising no cap&tax, no increase in cap gains, no VAT, no new enviro-regs, repeal death-care) we would take the fear out of investing.  By deporting the illegals and enforcing border security we could add millions of low-end jobs for those without education to get back in the work force, and slash the unpaid-for burden on the health and government services.  By slashing the government (Ed dept, Enrgy dept, HUD, etc) we could start reducing the deficit.  By cutting back wasteful education subsidies, wasteful "research" subsidies involving non value added crap, eliminate art subsidies, etc we could hammer down the cost of government.  And for pete's sake, let's quit paying welfare scum to make babies.  The only free medical service welfare folks should get is free sterilization.

57 Extend and Pretend, how long can that go on?  Stock market going gangbusters on no volume whatsoever, making people think their retirement investments are safe.  Just go back to sleep, everythings fine...............

58 dagny (oh, yeah, job congrats!),

You left out the impending VAT-stardization they want to slip between our ribs while we're looking at.. SQUIRREL!

59 hey, well at least we'll all soon be able to wipe our asses with $100,000,000 bills and think nothing of it.

60 Once I'm done improving our democracy, at least you won't have to hear about bad economic news.  We have always been at war with Eurasia.

61

bank holidays people??

trading curbs or halting trading activity in a select list of names of favored institutions ???

 

popcorn futures waaaaaaaay up!

62 6. Loss of AAA bond rating
Posted by: dagny

Won't happen. Ratings agencies are chartered by the US government. Even if one of the companies thought about doing it, they'd be prosecuted for the shenanigans that got us into to this mess.

The ratings agencies are part of the Fed.

63

Bonds are weak, treasuries are..well i don't trust them. Where else can someone put their money right now and expect a decent return? stocks, high yielding stocks.

Posted by: Ben at April 12, 2010 03:51 PM (wuv1c)

You betcha!

64 About fucking Kudlow - two items of interest to me, anyway. 1. never trust any asshole what wears a white fucking collar on a shirt that's not white. 2. He's on an NBC network. How far GE has fallen since they used Ronnie as a spokesman.

65
If only the GOP weren't pussies and didn't quit fighting for more domestic oil extractions. Jobs & Energy. Win Win, for real.

Instead we have a Vagina-O-P who keeps voting with the Democrats to extend unemployment claims and regulate the energy sector.

66 67 hey, well at least we'll all soon be able to wipe our asses with $100,000,000 bills and think nothing of it.

Posted by: dudeinsantacruz at April 12, 2010 03:58 PM (NA7sd)

Now that sounds lovely.

67

If our government can't get loans at the current rates, then they will have to cut entitlements which will cause riots(see:Watts) or they will have to continue to spend and rack up a debt that will be obviously unsustainable to the apolitical part of our population.

Posted by: Ben at April 12, 2010 03:54 PM (wuv1c)

Meh.  Riots are why we have national guard.  Shoot the crying welfare bastards.  That'll thin them out.  Besides , if the welfare queens have a roof over their head, cable TV, and an unlimited supply of cheetos they won't say shit.  America has the world's fattest poor people - they can afford to tighten their belts, as it were. 

68 On the bright side, government cheese will be more readily available as you wander from food desert to food desert.

69
1. never trust any asshole what wears a white fucking collar on a shirt that's not white.

I can't believe he wears those shirts. They went out back in 1986.

70

I predict the real estate market will get worse over the next two years rather than stay flat or increase slightly.

A lot of the mortgage losses are being kept off-books right now by the banks. They're afraid to foreclose on these properties and recognize the loss. Plus, they're afraid of triggering a panic induced downturn.

The Fed has ben absorbing these toxic assets through their MBS buyback program, but that doesn't solve the problem -- it only offloads the risk onto the taxpayer.

Once interest rates go up (as they must), selling a home is going to be next to impossible. It's simple math. I can afford a lot more home at 5% than I can at 6%. On a $200,000 home with 20% down, it's a difference of $100 per month in mortgage payments.

That money has to come from somewhere. In most cases it'll mean lower sale prices for current homeowners looking to sell.

71 One would draw the conclusion from this that socialism doesn't work.  Oh that's right, we already KNEW that.

So we have tripled the US deficit and exploded the size of government to what ends?  A "sluggish" economy 3 years after "The One" took over?  Many would call him a colossal failure based upon this fact; however, the truth is he has been a stunning success, accepting of course the premise that his goal all along has been to wreck capitalism.  A hearty well done comrade!

And how was the Bush Economy doing 3 years in after his tax cuts (and the post-dotcom-bust and 9/11).  Very, very, very well.  But the MSM will remind us that Bush was an abject failure and Obama is SMART.  Please, just ignore the actual numbers.

Obama makes Carter look like frickin Einstein.

72 This rings true to me. However, Republicans do need to be careful about putting themselves in position where they seem to be rooting against the economy (a la the Dems rooting against a success in the Iraq war effort). 

73

"Obama reminds me of my teenagers. They spend their money on crap then they want something like "warrior flip-flops". Sorry, you spent your money on crap! You don't have anymore money! You are shit out of luck."

True.  Also, like Obama, my teenage stepdaughter continues to spend money on an account that she knows is empty.  When confronted by her mother about the stack of ISF notices that come in the mail, the problem in the situation from her vantage point isn't her foolish spending, but rather the OBSCENE BREACH OF PRIVACY over her mother even knowing about the issue at all.

The problem isn't that she just wasted $140 in stupid fees.  Oh no.  The problem is that mom is all up in her grill and keeping tabs.

The problem isn't that Obama just took out the nukey-bits in our warheads, replacing them with big chunks of Nerf.  Oh, no.  The problem is that we've all forgotten that Sarh Palin is an overbred idiot from Wasilly, AK.

74

good morning Ace!

Obviously we need to spend $1 billion to deal with the laptop desert located around Ace's bed.

75 I know, let's open a few more law schools for all those asshole white kids who think they should go to grad school but don't like math. And if they become public interest lawyers we can just forgive their student loans. Wouldn't that be cool?

76 I hear the futures markets for Waxman's nostrils are waaay up.

77 Sluggish is the new black.

78 77 On the bright side, government cheese will be more readily available as you wander from food desert to food desert.

Posted by: Fritz at April 12, 2010 04:02 PM (GwPRU)

Only if you have the cheat codes.

79
But how funny and predictable was it in the days after signing The Big Fucking Deal, Obama got all serious about 'our' huge deficit.

Obama was all like...well, this.

80 Extending unemployment bennies for an entire year simply unionizes the unemployed. Win-win. Instead of dues, there are votes.

81 This rings true to me. However, Republicans do need to be careful about putting themselves in position where they seem to be rooting against the economy (a la the Dems rooting against a success in the Iraq war effort). 

Posted by: RM

 

No. If they do not 'put themselves into that position', the MSM will put them there. Remember the sign from the Tea Party demonstration? "It doesn't matter what this sign says; you'll say that it was racist".

82

"Where else can someone put their money right now and expect a decent return?"

Non-hybridized seed.
Ammo.
Batteries.

83 If you followed Larry Kudlow's financial advice, you would be on foodstamps.

84
The Republicans are like wily cats. Skulking in the weeds. Waiting for the right time to pounce. And then it will be like...

WHAM! The Democrats won't know what hit 'em.

Yep, any time now the Republicans are gonna pounce like pumas, and shit. It's gonna be mad-sweet. Annnnnny time, now.

85 I can't believe he wears those shirts. They went out back in 1986.

I'm going to gobble you up like Pac Man, pal.

86

The question is moot.

Word.

87 If you followed Larry Kudlow's financial advice, you would be on foodstamps.

I predict that program will grow by a smoking hot 15% this year.  Be careful about betting against it, wingnuts.

88 The Obama Administration is taking steps to ensure that even these predictions are overly optimistic. They, along with the LSM will then claim that the new setbacks are "unexpected".

89

Bonds are weak, treasuries are..well i don't trust them. Where else can someone put their money right now and expect a decent return? stocks, high yielding stocks.

Posted by: Ben

High yield stocks are easy to screen. Another thought is to go back and screen for the sectors that did well from 74 - 82. Match the sectors to ETF's and hope for the best.

Charles Payne had a pretty good single stock play this weekend: radio companies like Cumulus. This upcoming campaign season is the first after the SCOTUS decision to allow corp & union financing. Radio ad time around election time always gets tight. If Charles' thinking is correct, these radio guys could be rolling in dough 4th qtr.

Other than that, land is comparatively cheap relative to other assets.

90 Who cares?  More unemployed = more Dem votes.  And after all, what's really important?

91

"Obviously we need to spend $1 billion to deal with the laptop desert located around Ace's bed."

EGAD, NO!  THE BUFFER ZONE IS A GOOD THING!  I REPEAT:  THE BUFFER ZONE IS A GOOD THING!

92

"I can't believe he wears those shirts. They went out back in 1986."

Who are you to judge?

*turns his back away from the mean people and whispers sweet nothings to his "After Dark" flying toasters necktie*

93   If the government would just quit meddling while at the same time cutting back spending to something reasonable, we could pull out off this dive.  Fat chance of that though.

Yeah.  You have to want to not crash.

94 We had to de-embed him. That's just the fucking way it is.

Where's Joe?

95 Malaise is the Craze!
Can't get enough
Can't get enough

Malaise

Remember to get
Best Obama's Real Malaise
_{"Bring out the Obama and bring out the BEST!"}

96 So couldn't the first wookie just drag our sluggish economy along using her Ah-nold like monkey arms? 

97

Jeez, Ace -- I posted this story twice this morning, both times linking to my source Sweetness & Light.

I think I need some creds for an honest theft!

98 I feel a comeback coming.

99 As for blaming Bush, I seem to recall that taking over the various situations from your predecessor, well, Presidents have been doing it since John Adams. Whoa, News Flash! as a matter of fact, it's in the danged Job Description!!! Who knew...

100

I feel a comeback coming.

Me too!

101
Eyes without a face
I got no human race

102 Somewhere in back of my closet is a Members Only jacket.  His day will come again, oh yes.

Watchoo talkin' 'bout, infidel?

103

I'm about 50% certain that some major financial shock will come down this summer. California's juggling act can't go on much longer, which might mean a) a large a federal bailout, or b) a default on bond debt; GM and/or Chrysler may shunt off their pensions to the PBGC, which in turn could cause the PBGC to require a bailout; the big banks are holding tens of billions (maybe hundreds of billions) of shitty, unsaleable real-estate; commercial real-estate may be the next bubble to pop; and China's beat-the-market success story is pure bullshit -- their banks are groaning under a shit-ton of bad loans that have no prayer of ever getting repaid.

Get used to the current economy, kids. We're going to be living with it for a long while...if we're lucky. If we're not lucky? Well, I've laid in a good supply of storable food, bottled water, and various calibers of ammo for all of my guns.

 

104 I'll be back too baby!

105
Can't wait to get my new Camaro!

106 @116, yeah a Federal bailout of CA and NY, that will go over real good in Texas, Oklahoma and South Carolina. That will go over like a fart in a scuba suit...

107

Are these the same economists that said if we would just pass the Porkulus unemployment wouldn't go over 8%?

Are these the same economists that, back in late 2007, couldn't see the financial meltdown less than a year away?

 

 

108 How do I invest in whoever prints foodstamps?

109 I'm reserving the "thin potato soup and stale bread concession" now, before everyone has their own bread line.

I'll run it out of a large refrigerator box and cook the soup in silver trash cans over a fire of old phone books.

I'll offer old mattresses for people to collapse on and rest their weary feet.

Out front will be a rusted rail for hippies to tie up their unicorns.

I'll call it:

The Hopenchange Hobo Cafe and Funemployment Center, LLC.

110 R's waiting to pounce.  Yep, every quote I read about Hatch mooning over the next Obama court appointee fills me with confidence that they are just getting ready to go.  Then, I read an article about Schumer and Graham collaborating on amnesty and it fills me with even more hope.

111 Pillars of American's financial security?  Who authorized these "pillars"?  We may need to get them into a hearing.

And AP?  Yeah, we're going to investigate the hell out of those guys.  They better be getting their notes and emails together.  And everything they've ever written.  Ever.

112

All that the money people are doing is "extend and pretend". There is something out there that will magically fix things. It's all they have left.

All the bailouts and and all the gross illegal shit like mark to fantasy,and screwing the bond holders of GM etc, are being done  under the auspices of national security because if something doesn't happen out of the blue we are well and truly f*cked.

 

113

Other than that, land is comparatively cheap relative to other assets.

But land is not  a liquid asset, and I have a feeling that liquidity is going to be the name of the game from here on out. Stocks are still the way to bet long-term, though you'll have to get used to returns in the 6-8% range rather than the 10-13% we've been used to for the past twenty years.

The best thing you can do for yourself right now is to pay off your credit debt and student loans. Put away at least ten percent of your paycheck every month even if it means doing without a dinner out or a movie on the weekends -- everyone should have a three-month "buffer fund" that equals three months of your take-home salary. If you don't have at least that much money in your bank account or some other east-to-get-at location, start building it right now. This is not "investment" money; this is "oh shit my water-heater just exploded" or "my car just shit the bed" money. In other words: money to pay for unexpected large expenses that you'd otherwise have to borrow money to deal with. And the best thing about this kind of savings accout is this: it's an asset that you can use as collateral for a loan should you need to borrow.

 

114 Americans buy a little less than 12 billion gallons of gasoline in a typical month. With gas prices now about a dollar per gallon higher than they were a year ago, that leaves consumers with $12 billion less to spend each month on other things than they had in January of 2009.

Sounds like we need to nationalize the oil industry!

115

When he was about 13 years old, BackwardsBoy's Boy went on a field trip to the Keys with about 30 dollars in his wallet. Since he was essentially captive on an island, I figured that was enough to feed him down there and back, plus some.

He called that evening (collect) and said, "Dad, can you fax me some money?"

I see similarities in so many, many ways...

116 I agree. The idiots at the front of the train see that the bridge is out ahead, and they keep yelling over their shoulder to us that everything is fine while they plan their escape.

117 What about tax-free muni bond funds that only invest in Red States?

118

The Hopenchange Hobo Cafe and Funemployment Center, LLC.

 

ideas/newsletter

119 "Economy To Remain Sluggish Deep Into 2011"

Agreed, Ace. The AP survey of economists is still giving us Rosy Scenario. With what Obama, his cabinet, his extra-governmental advisors, and the Democrat party have done and still have on the agenda to do, the only direction is down. The only "salvation" for Obama is if the House flips to GOP control and the Senate tightens. Only a Legislative that can slow the Socialist Democrats will provide even a hint that European socialism may get stopped and provide the impetus for capitalist reinvestment. Plus, only if the conservative economic philosophy takes over can we salvage the nation. That won't happen even if the Legislative flips. The Executive needs replacing and its component parts slashed.

The current projections via AP are a pipe dream.

120 66 dagny (oh, yeah, job congrats!),

You left out the impending VAT-stardization they want to slip between our ribs buttcheeks while we're looking at.. SQUIRREL!

Posted by: K~Bob at April 12, 2010 03:57 PM (9b6FB)

FIFY

121

Rosy Scenario

I think I dated her in high school.... Didn't she have a fat sister named Ramona Scenario? You know, the one with a mustache and B.O.  you could actually *see*?

 

122 "...Ramona Scenario?"

Yes. Great personality. Huge tracts of land.

123 Didn't she have a fat sister named Ramona Scenario? You know, the one with a mustache and B.O.  you could actually *see*?

 Did she smoke? Kinda a human Dyson sphere of self-replicating funk? Cousin named Tony Baganodonutza?

I hear she went to law school and works for the EPA now.

124

Huge tracts of land.

Yeah, yeah, it's coming back to me now. We called her BIF, for "Butt In Front". Her front and back were pretty much undifferentiated, and she had more hair on her forearms than Mean Joe Greene.

 

125 I think I need some creds for an honest theft! Posted by: Ed Anger at April 12, 2010 04:17 PM (7+pP9) I caught that, Ed. You're a pretty solid poster. Kudlow. I really, really want to like him. But he's a perma-bull, and they're no better than perma-bears.

126 Put away at least ten percent of your paycheck every month even if it means doing without a dinner out or a movie on the weekends -- everyone should have a three-month "buffer fund"... This is not "investment" money; this is "oh shit my water-heater just exploded" or "my car just shit the bed" money. Preach it, brother. Except I vote for a twelve-month buffer fund. It's hard to get there, but I've always kept one. yeah a Federal bailout of CA and NY, that will go over real good in Texas, Oklahoma and South Carolina. Very true. Also true is the fact that the Demotards and Barry don't give a flying fuck what Texas or anyone else thinks. CA will get a bailout from the Feds; odds are 2 out of 3 on that.

127 I'll run it out of a large refrigerator box and cook the soup in silver trash cans over a fire of old phone books.

I'll offer old mattresses for people to collapse on and rest their weary feet.

Out front will be a rusted rail for hippies to tie up their unicorns.


There's 187 state and federal agencies who'd like to have a word with you about permits.

128 I poopy and I pee pee and I poopy and I pee pee.

129

At least he's trying. And everything President Obama tries to do to fix the economy doesn't work because the Republicans are always ...

... oh, forget it. This kind of rationalizing has become old and tired, even for an opposite-talking alter ego. Besides, does anyone even believe these hollow excuses any more?

130 by not going to the movies

Eating out is the bigger one.  Many single people eat lunch out every day, and most evenings they either eat out or get fully-prepared food to go.  They can save a lot by making dinner at home, and bringing lunch to work.

131 everyone should have a three-month "buffer fund" that equals three months of your take-home salary

I don't.  Do you think I should temporarily stop my 401K contributions in order to build this up?  The thing that makes me hesitate is that my 401K contributions are matched by my employer.

132 everyone should have a three-month "buffer fund" that equals three months of your take-home salary

I don't.  Do you think I should temporarily stop my 401K contributions in order to build this up?  The thing that makes me hesitate is that my 401K contributions are matched by my employer.

Posted by: sandy burger

The buffer is recommended by most fin. advisers because in an emergency 401k owners sometimes end up withdrawing and then pay the penalty.

133

"That will go over like a fart in a scuba suit..."

Only without being all tickly up your back first.

134

@120: "yeah a Federal bailout of CA and NY, that will go over real good in Texas, Oklahoma and South Carolina"

Graham, Cornyn, and KBH will all be down with it. 

135 @79

That is absolutely correct.  The real estate market shenanigans is what got us into this mess, and it's the real estate market--and it's financing system--that will have to deal with the toxic assets on the books.  You can only play a shell game for so long.  Sooner or later, those loans and the assets they're based on will have to be accounted properly.  Some brilliant financier may come up with a way to make it happen without all the pain, but I've got me doubts.

I posted a link at 47 showing Credit Suisse's overview.  There's a lot of pain yet to be dealt.

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140 A sign that, under Obama, America is recovering from the debacle caused by Bush, and that the USA is becoming a prosperous nation again: A year ago under the Obama Administration, 750,000 jobs were being lost each month, but now under the Obama Administration, also, only 250,000 jobs are being lost each month, and the people who lost their jobs previousy remain cheerfully unemployed, grateful for Obama's leadership. Hell, 52% of Americans were dumb enough to elect that empty suit. Why wouldn't they be dumb enough to believe that he has already brought us out of the recession and that there are now fewer unemployed people, too. (Never mind that, in real terms, unemployment remains at about 15%.) But the pundits in the MSM continue to reinforce the lies that are told by this administration. Are those pundits disingenuous, or just incredibly stupid?

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