Wednesday, February 18, 2009

Investors Giving Barry The Thumbs-Down

"...In a recent note to its clients, Strategas Research Group underscored Wall Street's anxiety over the massive spending and borrowing that many believe will crowd out private investment with high interest rates - all without doing much to boost the economy. It observed that the then-$820 billion in planned spending could've bought nearly 4 million homes at $200,000 a pop, or nearly 29 million cars at an average price of about $28,000 - or gone to send every American a check for nearly $2,700.

Or, Strategas said, the federal government could simply extend its growing reach into the formerly free-market system and "buy the 10 most valuable sports franchises in the world, and still have $806 billion left over."

To be sure, professional investors have always been skeptical about Obama's economic theories."

A Ponzi scheme "works" as long as there's new money coming in to pay off the old investors. This has forever been the democrat way to run a country; stay a step ahead of the bill collectors and ask future generations to pay for today's largess. But a funny thing happened on the way to the teller's window. The dems are creating more and more welfare cases and that means less and less folks to keep the bunko racket afloat.

But guess what? There's still places left from which to steal money from, and if Mr. Obo runs true to form he'll begin leeching funds from the military, just like all good liberals do.

A weak economy, an impotent military. Sound familiar? It should, because that describes Europe to a T. The one-world-order is alive and well and instead of being headquartered in Paris and London and Rome, will be run from Pennsylvania Avenue by an experienced organizer who knows damned well how to cook the books.

Change. Oh we'll see plenty of change alright. Fasten the seat belts kids this is gonna be one helluva ride.

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