Some Funnies…

Stock Advice

Many people are looking for financial advice during these hard economic times. Normally, however, we avoid offering advice regarding buying or selling stocks. But as President Obama prepares to sign the stimulus bill today, the market fell 250 points by noon, and we thought it best to warn investors concerning a few specific companies. Please review any holdings you might have in the following stocks:

American Can
Interstate Water
National Gas Company
Northern Tissue Company

Due to uncertain market conditions, we advise you to sit tight on your Can, hold your Water, and let go of your Gas. You may be interested to know that Northern Tissue touched a new bottom today, and millions were wiped clean.

It’s a tough market out there!

If the Bill Fits:

and a Cartoon:

Rolling on the floor

Quote of the Day

Since 1982, the United States has run $5.7 trillion in trade deficits in manufactured goods, and $2.1 trillion in trade deficits in auto parts, trucks and automobiles. In the Bush years alone, the United States ran more than $1 trillion in trade deficits in auto parts, trucks and cars.

These statistics, these realities — factories closing in the United States, manufacturing jobs being outsourced in the millions to China and Asia, enormous, endless trade deficits in goods — testify to a painful truth: America is a receding and declining world power.

And in dealing with this systemic crisis, Obama’s stimulus package is as irrelevant as were the Bush tax cuts.

How do we correct those “trade-related imbalances” of which Volcker spoke? We must export more and import less, save more and spend less, produce more and consume less. We need to emulate the ants and behave less like the grasshoppers of summer.

But how do you tell that to two generations of Americans who have been raised in an era of entitlement?

America needs an Industrial Policy.

But how do you tell that to Americans indoctrinated in the hoary myth that Reed Smoot and Willis Hawley caused the Great Depression and anything that sounds like America First risks a rerun of the 1930s?

Hurry up and Wait

The Economy is going to hell and a hand basket and the President is shirking his responsibilities to take the First bitch Lady out for Valentines Day.

After pushing Congress for weeks to hurry up and pass the massive $787 billion stimulus bill, President Obama promptly took off for a three-day holiday getaway.

Obama arrived at his home in Chicago on Friday, and treated wife Michelle to a Valentine’s Day dinner downtown last night. The couple was spotted leaving upscale Table Fifty-Two, which specializes in Southern cuisine, with the first lady toting what appeared to be a doggie bag.

The president plans to spend the Presidents’ Day weekend in the Windy City, and is not expected to sign the bill until Tuesday, when he travels to Denver to discuss his economic plan.

Both the House and Senate passed the bill Friday night.

The push to get the bill through before the holiday weekend was so frantic, members of Congress didn’t have a chance to read all 1,071 pages of the document before they could vote.

via WHAT’S THE RUSH? – New York Post.

After all, what does he care? That Limousine Liberal does not care, he’s got money coming out his rather skinny wazoo…

Of course, I just loved this comment over at the Post:

ConcernedAmerican wrote:

libh8r wrote:
I wander what was in the doggy bag that Michelle was carring home???
It’s Barry’s Balls

Indeed.

Others: Betsy’s Page, Scared Monkeys, American Thinker, Sister Toldjah, Ace of Spades HQ, Riehl World View and Don Surber

Faux Conservative Arlan Spector "Republicans Support Stimulus, Don't Want 'Fingerprints' On It"

Oh Please, this is about the lamest damn thing ever….

Sen. Arlen Specter (R-PA), who broke with his party to support President Obama’s stimulus package last week, said before the final vote Friday that more of his colleagues would have joined were they not afraid of the political consequences.

“When I came back to the cloak room after coming to the agreement a week ago today,” said Specter, “one of my colleagues said, ‘Arlen, I’m proud of you.’ My Republican colleague said, ‘Arlen, I’m proud of you.’ I said, ‘Are you going to vote with me?’ And he said, ‘No, I might have a primary.’ And I said, ‘Well, you know very well I’m going to have a primary.'”

Specter, along with centrist Maine Republican Senators Susan Collins and Olympia Snowe, joined with Democrats last week to move the stimulus bill forward. Specter said he doubted there would be any more Republican votes than those three Friday night.

“I think there are a lot of people in the Republican caucus who are glad to see this action taken without their fingerprints, without their participation,” he said.

Specter was asked, How many of your colleagues?

“I think a sizable number,” he said. “I think a good part of the caucus agrees with the person I quoted, but I wouldn’t want to begin to speculate on numbers.”

via HuffPo Says: Republicans Support Stimulus, Don’t Want ‘Fingerprints’ On It.

Name one, Arlan, name just one. I dare you. Truth is, there were no other supporters, nobody self-loving Republican, Conservative or Libertarian would ever vote for a bill of this sort. This bill is nothing more than watered down, and in some places; not-so-watered down communism!

I find it absolutely amazing that Sen. Arlan Specter would stoop to outright lying about something as paramount as this bill.

Others: Gateway Pundit

The Stimulus Package explained…

Over at The Big Picture:

Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers.

Q. Where will the government get this money?
A. From taxpayers.

Q. So the government is giving me back my own money?
A. No, they are borrowing it from China. Your children are expected to repay the Chinese.

Q. What is the purpose of this payment?
A. The plan is that you will use the money to purchase a high-definition TV set, thus stimulating the economy.

Q. But isn’t that stimulating the economy of China ?
A. Shut up.

Ha! Too Funny….. 😆

Feeling stimulated yet? 😛 😀 😉

(via Freedom’s Phoenix)

The Washington Post Promotes Communism

They’re not even trying to hide it anymore.

Via the Washington Post:

The U.S. banking system is close to being insolvent, and unless we want to become like Japan in the 1990s — or the United States in the 1930s — the only way to save it is nationalization.

As free-market economists teaching at a business school in the heart of the world’s financial capital, we feel downright blasphemous proposing an all-out government takeover of the banking system. But the U.S. financial system has reached such a dangerous tipping point that little choice remains. And while Treasury Secretary Timothy Geithner’s recent plan to save it has many of the right elements, it’s basically too late.

The subprime mortgage mess alone does not force our hand; the $1.2 trillion it involves is just the beginning of the problem. Another $7 trillion — including commercial real estate loans, consumer credit-card debt and high-yield bonds and leveraged loans — is at risk of losing much of its value. Then there are trillions more in high-grade corporate bonds and loans and jumbo prime mortgages, whose worth will also drop precipitously as the recession deepens and more firms and households default on their loans and mortgages.

Last year we predicted that losses by U.S. financial institutions would hit $1 trillion and possibly go as high as $2 trillion. We were accused of exaggerating. But since then, write-downs by U.S. banks have passed the $1 trillion mark, and now institutions such as the International Monetary Fund and Goldman Sachs predict losses of more than $2 trillion.

But if you think that $2 trillion is high, consider our latest estimates at RGE Monitor, the financial Web site we run: They suggest that total losses on loans made by U.S. banks and the fall in the market value of the assets they are holding will reach about $3.6 trillion. The U.S. banking sector is exposed to half of that figure, or $1.8 trillion. Even with the original federal bailout funds from last fall, the capital backing the banks’ assets was only $1.4 trillion, leaving the U.S. banking system about $400 billion in the hole.

Nationalization is Federal Ownership of a private industry; which is what Communist Russia did during the soviet era. It is Communism. This is the agenda of the Liberal left, the Federal ownership of the banking system. It also sets the United States up for the Biblical Mark of the Beast.

We are living in dangerous times.

From the Bible:

And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy. And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority. And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast. And they worshipped the dragon which gave power unto the beast: and they worshipped the beast, saying, Who is like unto the beast? who is able to make war with him? And there was given unto him a mouth speaking great things and blasphemies; and power was given unto him to continue forty and two months. And he opened his mouth in blasphemy against God, to blaspheme his name, and his tabernacle, and them that dwell in heaven. And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations. And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world. If any man have an ear, let him hear. He that leadeth into captivity shall go into captivity: he that killeth with the sword must be killed with the sword. Here is the patience and the faith of the saints. And I beheld another beast coming up out of the earth; and he had two horns like a lamb, and he spake as a dragon. And he exerciseth all the power of the first beast before him, and causeth the earth and them which dwell therein to worship the first beast, whose deadly wound was healed. And he doeth great wonders, so that he maketh fire come down from heaven on the earth in the sight of men, And deceiveth them that dwell on the earth by the means of those miracles which he had power to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast, which had the wound by a sword, and did live. And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed. And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six. (Revelation 13:1-18 KJV)

Others: The Corner, Vox Popoli

D'oh! Obama Says "Stimulus Bill will let Caterpillar rehire people"; Caterpillar Says, No, it won't

A rather snort worthy blurb!

President Obama today repeated the claim we asked about yesterday at the press briefing that Jim Owens, the CEO of Caterpillar, Inc., “said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off.”

Caterpillar announced 22,000 layoffs last month.

But after the president left the event, Owens said the exact opposite.

Asked if the stimulus package would be able to stop the 22,000 layoffs or not, Owens said, “I think realistically no. The truth is we’re going to have more layoffs before we start hiring again”

“It is going to take some time before that stimulus bill” means re-hiring, he said.

via Political Punch: D’oh! Caterpillar CEO Contradicts President on Whether Stimulus Will Allow Him to Re-Hire Laid Off Workers.

You’d think Obama would learn them supporters to stick to the script!

HotAir.com’s AllahPundit Snarks:

Exit question: How soon before Tapper gets kicked off Air Force One?

Ha! That’s just too funny. 😆

I do believe however that many people in America are thinking, “How long until President Obama get’s his shit together?”

It’s a very valid question.

Others:RedState and Stop The ACLU

Red State Update on Obama's Stimulus News Conference

Jackie and Dunlap on Obama’s first prime-time news conference. Stimulus pimpin’ and Elkhart bashin’ ensue.

As Geithner rolls out Bailout Plans and Stimulus passes senate, stocks plummet

So much for reviving the economy. No sooner does Obama’s Treasury secretary roll out his plan for bailing out the banks and Obama’s “stimulus plan” passes muster in the Senate; the stock market drops and drops quite hard.

Here are the charts (as of 1:34 PM EST):

Dow Jones:

New York Stock Exchange:

The rest of the numbers:

So much for Stimulus eh?

I think Barry needs to try again… Badly.

(Charts by Think or Swim)

Former Lieutenant Governor of New York says Stimulus contains rationed medicine

This is President Barack Obama’s idea of economic revival?

The former lieutenant governor of New York is warning that the $50 billion that President Obama expects to spend in the next few years on a nationwide digital health records system for every individual easily could, and probably will, result in rationed medical care.

WND recently reported on a little-discussed provision in Obama’s plan that would demand every American submit to a government program for electronic medical records without a choice to opt out, raising alarms for privacy advocates.

Privacy advocates said patients might be startled to discover personal information could be shared electronically with, perhaps, millions of people, including documentation on abortions, mental health problems, patient non-compliance, lawsuits against doctors and sexual problems.

Sue A. Blevins, president of the Institute for Health Freedom, said unless people have the right to decide “if and when” their health information is shared, there is no real privacy.

Now Betsy McCaughey, former lieutenant governor of New York and an adjunct senior fellow at the Hudson Institute, has released a commentary warning about the likelihood of rationed care – or a health care system that simply provides treatment when it determines the cost-benefit ratio for the treatment and the patient meets its guidelines.

Obama plans to spend $50 billion “over five years” to create a system of electronic health records for every person who sees a doctor.

“Tragically, no one from either party is objecting to the health provisions slipped in without discussion,” wrote McCaughey. “These provisions reflect the handiwork of Tom Daschle, until recently the nominee to head the Health and Human Services Department.”

“If the Obama administration’s economic stimulus bill passes … in its current form, seniors in the U.S. will face … rationing. Defenders of the system say that individuals benefit in younger years and sacrifice later.”

Other nations that utilize such programs typically deny costly treatments to patients who are senior citizens, and McCaughey warns that would be the case in the United States, too.

via Stimulus contains rationed medicine —- WorldNetDaily.

If this report is even remotely true; this would be the same thing as what happened in Germany during World War II and to certain extent here in the United States as well. The very idea of rationing medicine to children who need it most, is about the most despicable thing I ever heard. I think that this would be good time to stand up and call your senators and demand that this provision be removed from the bill.

I will also say this, that if this stimulus bill fails to deliver all the “Pie in the Sky” promises that Obama is say that it will. He will be a one term President. The people will not be lied to, as I blogged about last night, the far left is already angry over the Obama continued use of Bush tactics, when it comes to trials of the terrorists. So, watch what happens with this Stimulus, if it flops, so will Obama’s approval ratings.