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Thursday, 22 July 2010

Recovery?.................from Rico

Recovery, recovery, recovery, recovery, recovery.

"IF a lie is repeated often enough, it will be believed." - Saul Alinsky
- Or was that Rahm, or Axelrod? Samey-same GI.

Recovery?

If you liked the popping of the housing bubble, you'll LOVE the bursting of the debt bubble!
- We are in worse shape now in the "Great Recession" than our antecedents were in the "Great Depression."

[I intentionally won't discuss the massive global "Derivatives Bubble" here...not enough gigabytes!]

I remember the old Imperial City of Hue..."the one we had to destroy to save."
- Now we are destroying our economy to "save" it. Our stimuless spending will actually begin to be a drag on our economy, while big brains NOT in our Government (but instead running a huge global business operation for profit...yes, BHP Billiton) are looking ahead at the impact when "stimuless" ends. Something Congress and the Fed aren't talking about.

Boy, I sure am grateful "Benny & Timmy & Berry & Co" spent ALL that money of ours to SAVE THE BANKS! Aren't you?
- Oh, btw...commercial lending by the banks has effectively stopped and they are hoarding cash! They know and fear something none of us are being told.
- Meanwhile, in the realm of not being told how bad it is, so far this year 96 banks have been closed. For the same period last year it was 57.

Recovery?

Well, enough believed in HOPE and CHANGE to bring us to the "transformational" brink of becoming politically-korrect, risk-averse, obediant serfs to the socialist bureaucracies of the Imperial City of Girly Men (aka Inside the Beltway), just maybe if the 'recovery' mantra is repeated often enough that will be believe that too!!!

You can click your ruby slippers and wish for recovery Sparky, but as for me (channeling the old, now pc-forbidden, Little Rascals skit):
"I wish Cotton was a monkey."




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