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alstry (36.00)

BREAKING: NATIONAL EMERGENCY DECLARED!!!!

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October 24, 2009 – Comments (5)

SAN FRANCISCO (MarketWatch) -- President Barack Obama declared the H1N1 flu outbreak a national emergency, giving officials the ability to bypass some federal requirements for battling emergencies, the White House said Saturday.

Hmmmmm.

Swine Flu has killed around 1000....much lower than the regular flu.

Autos kill 50,000 Americans per year.....maybe we should ban them.....or at least tax them out of existence with cap and trade.

But don't worry...only six banks across the nation were shut down last night.  And now this BIGGIE:

Capmark Financial to file bankruptcy: WSJ

Soon you will understand....under Zombulation policies, most of the country shuts down....eventually.

Pretty soon you will FEEL that 9.8% unemployment is really 21% unemployment.  When revenues to most of America's corporations, especially small business is declining by large double digit rates, the recession is not getting better, it is getting worse......that when banks that we shut down are suffering over 40% capital losses....that many more banks already should have been shut down.....

Trends to look out for in a few months from the guy that warned you about the housing crisis, the pension crisis, the banking crisis, and now the national breakdown crisis:

Tighter controls against personal liberties by government

Ramp up in the war effort by the Peace President

Sharp escalation in job cuts and wage cuts across the nation

Massive rise in Bankruptcies 

Anger and Frustration rising amongst the population for a varitety of reasons

SHARP DOWNTURN IN HOUSING AND LAND VALUES GOING FORWARD...ESPECIALLY FINISHED LOTS AS WE ENTER THE SPRING.

5 Comments – Post Your Own

#1) On October 24, 2009 at 7:01 PM, oshiri (< 20) wrote:

Obama's fumble-rooski . . . make everyone look and go the other way (for now).

What will be next weeks deception when the GDP figures are released? 

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#2) On October 24, 2009 at 7:12 PM, mawnck (< 20) wrote:

They could launch another baloon boy. . . . .

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#3) On October 24, 2009 at 7:31 PM, ayekappy (< 20) wrote:

I was wondering when you'd mention the Capmark BK.  Right around when the rescue coffers are drying up too.

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#4) On October 24, 2009 at 11:14 PM, lquadland10 (< 20) wrote:

They need to drink the Kool-Aid. Not us.
blueberrygoo's CAPS Blog What does the US Gov't really know about running a business?

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October 24, 2009 – Comments (0)

I'm just laughing to myself here about a recent Detroit News article which stated that Chrysler Financial will be "wound down" (the new politically correct way of saying out of business) by 2011 and that

"GMAC was seen by the government to be a more viable financial institution and was granted bank holding company status earlier this year, allowing an expansion of its retail banking business."

http://www.detnews.com/article/20091022/AUTO01/910220490/......

Apparently the government knows very little about what a viable financial institution is.  Fast forward an entire 2 days from when the Detroit News article was published and now we get the news that Capmark aka GMAC... is about to file for bankruptcy!  How viable are they???  Heck, Chrysler Financial didn't even get a chance at filing for BK.  Maybe we'll find out later that Chrysler Financial is just a little guy and Capmark/GMAC is just "too big to fail".

Capmark BK news story from WSJ

 

 

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#5) On October 25, 2009 at 4:20 AM, mliu01 (< 20) wrote:

http://www.youtube.com/watch?v=d53ggvUoVtg

 

this said it all

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