If the FED Gov. Collapsed, DOW would skyrocket up!
(THEORY) The day the Federal Government *finally* goes Bankrupt is in my opinion the day the Market, DOW, Nasdaq, S&P 500 would skyrocket up. I mean aren't people just a bit tired of all of these relentless Spending Scenarios the Government is throwing at us day in and day out?
1) Cash for Clunkers
2) Cash for Dishwashers
3) Cash for Air Conditioners and Furnaces / Heaters
4) Cash for Caskets
5) Cash for Wild Horses (eerraaaaaaah horsy noises: Errrraaah)
Hey.. I'll pitch in some CASH for Federal Government Bankruptcy...
I already bought a large Red Wine Bottle to celebrate with.
With the federal Government Bankrupt that would mean Americans depending on themselves to succeed and whenever Americans are forced to depend on themselves instead of the next FED bailout, that is when we will turn this economy around in a hurry. You want to see Job Creation?
1) How about businesses no longer having to FORK over $100,000 - $1,000,000 a year on Lobbying?
2) How about businesses no longer having to hire lawyers to fend off E.P.A. and other Government organizations sticking their noses in places where it doesn't belong????
3) Want to see Job Creation? The day the Federal Government goes BUST is the day our TAXES go (Federally) go to ZERO, ZIP, NADA. How many jobs ya think will be created when SMALL BUSINESS suffering under an 85% Taxation Rate (when you combine all forms of taxation) to an overnight plunge of around 30% or less?? Where only STATE/County/City taxes matter?
Rrrrriiiggghhhtttt.... So.... The next time anyone wonders how much the Stock Market will plunge if the WORST CASE SCENARIO happens to our precious Federal Government, I will scoff and laugh and point out all of the advantages for Businesses that will happen on that day.
So, I can't wait for that to happen. Maybe our MESSIAH Pres. Barack Obama will make it happen when he comes back from Martha's Garden?
P.S. I am strongly recommending (FIZZ). They report earnings soon.