16 Replies to “Broke”

  1. Looks like the ‘usa’ economy might pulling out of recession in last 3 months of ‘yr:2011’.

  4. I’m not reading this- it’s making me physically ill!
    Explains why the movie business is doing well- escapism.

  5. Whoa.
    OB’s time in so far: about 8 months, only.
    An unmitigated disaster trend thus far.
    Status: still on going, bumbling and fumbling con’t…

  6. It’s no wonder Chinese students laughed at Timothy Geightner when he told them the U.S. would be able to pay off its debts.
    Even the ChiComs are laughing at the Obamajority.
    How can any thinking person not laugh at these buffoons?
    Much to the chagrin of our trolling commies, the US administration has already done more than anybody else could have to set back the glorious goals of marxism.
    We the People have started down the Central Planners over the health care issue and have now been empowered.
    Tactical error, commies.

  7. Prepare for a second rash of small bank and trust failures who are taken in by the sucker’s market rally.
    Recession is just getting started.

  8. At the risk of incurring Wrath of Kate (good title for a movie) I will repost a comment I posted on a previous SDA item:
    Debt and deficit are the top concerns of Americans and will remain so for the next few decades. Their patience with leaders who want to talk about and act on anything else is running out.
    The politician(s) who starts to focus on it and start providing answers as to how the country can get out of the mess will get a very large audience. If it is simply a ‘increase taxes’ meme they will be cast aside. If it is a ‘cut spending, reform the tax code and drastically reduce regulation’ meme then they will get support from almost every political corner.
    Obama looks to be talking himself into lame duck status by Christmas.

  9. This is the ‘W’ shaped recession that Kruggers promised us when W was president, and never materialized. The second dip is all Barak. He has frozen the economy in a state of fear of the unknown.

  10. Kate,
    Remember your ‘7 year recession watch’ posts? Hate to say ‘told you so’ but some of us did see it coming for years.
    You can blame Obama (or W) for it but in reality this is the predictable outcome of an economy that evolved from goods-producing industry to get-rich-quick gimmicks. These include ‘health care’, which chews up 16% of the economy, in spite of the fact that most OECD countries, including Canada, have better health statistics; a lawsuit-happy society; bubbles based on no real value like ‘dot-com’ and housing. You can only go so far on phony wealth.
    There will not be any recovery, anytime soon, despite the current stock market sucker rally. There is still a lot of manure to flush out of the system. Once the bad debts get liquidated, the bad banks go bust and the overextended go bankrupt and move to tent cities, the USA will find itself much poorer. Its real GNP will settle to anywhere from 20 to 40% below its peak value. That will be the new normal.

  12. Gord:
    Sorry, my friend, but running on sound money and fiscal policy was exactly what Ron Paul did, and the people did not flock to him; in fact, most people wrote him off as a total loon. The fact that he is daily being proven right is immaterial.

  14. KevinB
    talk is cheep
    to walk the walk takes a little more
    I never was impressed by Ron Who, and still ain’t

  15. GYM:
    From your comment, I can appreciate your sentiment; however, I cannot fathom your reasoning. How, exactly, does Ron Paul not “walk the walk”? Check out his voting record. As a doctor, he was an OB-GYN, and after delivering hundreds of babies, he is very much pro-life. He is against government deficits, the Federal Reserve, the debasement of the US dollar, and increasing federal powers. He is in favour of private property, allowing states to decide on the status of marijuana, and against the Patriot Act, torture, national ID cards, etc. So, please, tell me how Dr. Paul does not “walk the walk”.

Proudly powered by WordPress & Skyrocket Themes

MENU

Navigation