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alstry (36.08)

Prepare....Don't Fear....Obama is Here!!!!!

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January 20, 2009 – Comments (8)

Now get ready for the Chemo!!!!!

It may be painful....but at least it might be the right medication and give us a fighting chance.

A year ago I warned you.

Six months ago I informed you.

Three months ago I told you.

Last week you should have learned yourself.

Now you are prepared to move forward for whatever happens.....let's score some points.

 

8 Comments – Post Your Own

#1) On January 20, 2009 at 4:07 PM, Varchild2008 (85.88) wrote:

This has to be the funniest post you wrote in quite a long while!

Obama and Fighting Chance in the same article?  ROFL!  LOL!

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#2) On January 20, 2009 at 4:15 PM, StockTruth (< 20) wrote:

nasty....  Obama is baaaad news for any company (unless you are a 100% credit card company)...

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#3) On January 20, 2009 at 4:35 PM, Varchild2008 (85.88) wrote:

StockTruth:  (AXP) American Express has something to say about Credit Card companys.....They ain't what they used to be anymore:-)

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#4) On January 20, 2009 at 5:15 PM, djemonk (< 20) wrote:

nasty....  Obama is baaaad news for any company (unless you are a 100% credit card company)...

My guess is that you're partially right.  He'll be good news for the overall economy and the country and, long term (over the next 20 years), he'll be great for the markets with his investment in America.  Short-term, we're in for some pain, as alstry is pointing out.

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#5) On January 20, 2009 at 5:20 PM, jgseattle (30.47) wrote:

I really fear "his investment in america" will be mostly short term tax relief to spur consuption.

Of the stimulus package I see very little that is going to increase productivity or free us from foreign oil.  Most of the work is repairing broken infrastruture and expanding roads.  (adding a lane)   I do not see this helping a lot.

We need more energy!  If that is drilling, ok, if it is renewabl, ok.  We need better education. 

We do not need the federal goverment taking on state debt.  Let them go BK because if the fed continues to go in debt uncle sam may be in BK.

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#6) On January 20, 2009 at 5:31 PM, djemonk (< 20) wrote:

I really fear "his investment in america" will be mostly short term tax relief to spur consuption.

We'll have to see what he wants to do.  He's had time to think about it and start putting together some ideas.  He has inflationist Tim Geither AND a person with a track record of trying to protect the dollar in Paul Volker.  I think he's doing that to make sure he doesn't go too far in either direction, since more excess won't really help.

For all our sakes, political feelings aside, let's hope he makes the right calls and has the courage to go through with them even if they're not immediately popular.

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#7) On January 20, 2009 at 5:33 PM, lquadland10 (< 20) wrote:

Disband the Fed AKA IMF. Won't happen. Back the dollar with Silver? They killed Kennedy over that one. Depression here we come.

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#8) On January 20, 2009 at 6:53 PM, uclayoda87 (29.37) wrote:

Sometime "Chemo" just gives a false hope and kills the patient sooner.

The good news about Obama's plan is the results will be quick in coming.  Either his massive spending binge will convince investors (US and global) to buy in or he will accelerate the ecomonic crash into the wall.  If his plan works, he will take the credit and if his plan fails, it's Bush's fault.

Maybe Obama should appoint Peter Schiff as the new ecomonic dictator (as in Atlas Shrugged)

OPINION: DE GUSTIBUS

WJS  JANUARY 9, 2009 'Atlas Shrugged': From Fiction to Fact in 52 Years

By STEPHEN MOORE

One memorable moment in "Atlas" occurs near the very end, when the economy has been rendered comatose by all the great economic minds in Washington. Finally, and out of desperation, the politicians come to the heroic businessman John Galt (who has resisted their assault on capitalism) and beg him to help them get the economy back on track. The discussion sounds much like what would happen today:

Galt: "You want me to be Economic Dictator?"

Mr. Thompson: "Yes!"

"And you'll obey any order I give?"

"Implicitly!"

"Then start by abolishing all income taxes."

"Oh no!" screamed Mr. Thompson, leaping to his feet. "We couldn't do that . . . How would we pay government employees?"

"Fire your government employees."

"Oh, no!"

Abolishing the income tax. Now that really would be a genuine economic stimulus. But Mr. Obama and the Democrats in Washington want to do the opposite: to raise the income tax "for purposes of fairness" as Barack Obama puts it.

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