Where is our "safe haven" - Hint, it is not the US Government debt

Taken from the prudent bear article (The Perma-bear website)

As I rant and rave about the bailout package about the American debt fueled lifestyle being solved by injecting more debt into our lifestyle. This is basically trying to cure a heroin addict with giving the addict more heroin. This episode is about how it is "expected" for other nations to purchase our debt, especially when the return rate is at near zero percent as some people like to say the ultimate safe haven against the market fallout is to get into American bonds.

As usual, in order to make money in the markets is to SUCCESSFULLY anticipate where the next bull market is going to be. A general rule is that once a particular bull market is heated up, it's already too late to get in, and you may be better off to short that bull market.

For example:

• The 1970's Gold bull market
• The 1980's Hair Spray market
  
• The 1990's Dot-Com boom
• The 2000's Housing Market

In order to anticipate the next bull market, it would pay to do your homework and make your own decision to decide the next bull market.

As far as a safe haven goes, my bet is on gold and commodities. In a nutshell I am betting on massive inflation problems within the next couple years. Since President Obama wants to pull off his second term, he will administer a dose of economic heroin by implementing second new deal into the economy and at least that will provide jobs and money flow in the short to medium term.

The massive side effect on this is inflation due to the simple law of supply and demand. They are printing dollars with unsold government debt bonds and when other nations start cashing in to jump start their own economies, the United States of America will be holding the bag once again.

With that said, go do some homework on why gold and commodities are the ultimate anti-inflationary investment.

Monetizing the debt - Our balls are in the hands of the asia

This blog is based on an article by Merk Funds

Before you read on, you may want to watch this Peter Schiff analogy

In this analogy (on the later half of the video), he mentions a group of people are stranded on an island. The people are several Asians and a dumb-and-fat American. For their survival on the island, the people are assigned jobs. One Asian forages coconuts, another goes fishing, another hunts a wild pig and so on. The American's job is eating (consuming).

In compensation, the American is basically giving "IOU's" to the Asians for all their hard work. Over time, the Asians are stuck with a barrel full of IOU's and decides to figure out that the IOU's are not worth crap as they thought it once was (the Almighty dollar). In the end, the Asians figure out that they don't really need the American dead weight on the beach to consume their resources so they eventually dump the IOU's on the market and the laws of supply and demand take ensue.

In today's real world, the Asians are losing their appetite to buy US treasury bonds since their interest rate is a whopping 1-2% (or whatever the peanut of the day is). Common sense tells me that there are better investments elsewhere. People may say that everything is dependent on the dollar. What about China's 2 Trillion in dollar reserves? They are about to cash out to stimulate their own economy. So are many other nations. And when that happens, they will figure out that the dollar is not the king of the hill anymore.

My guess is that we will get out of this panic of 2008 mess, and we will have some good times again probably by the end of Obama's first term. He will probably be one of the better presidents in US history and I think he is likely to get a second term (especially if the RNC picks Sarah Palin). But all this will come at the cost of inflation where everyday shit will be more expensive and 4-dollar gas will be considered cheap. Maybe we would be doing the 5... 5-Dollar... 5-Dollar-a-gallon... song

Whoever inherits the White House in 2016 will be in for a time bomb while people are enjoying the bailout that the Fed pulled off. Who knows when the next load of shit will hit the fan, but it's never too early to build your ark...

Why we suck (My version) - and what we can do about it

This is my own version of explaining why we suck, and what we can do about it

Dr. Denis Leary has written a book on it, an intresting review can be found at here.

My explanation in four words. We are friggin lazy.

Here is why:

1. Many of our kids are too lazy to work themselves through college.

It's probably because of the mentality of America's culture that it is the parent's obligation to put the kids through college. I call bullshit on this and I am not paying a dime for my step-son's college. But I am helping out by allowing him to live rent-free at home as long as he needs while completing college. My mentality on this is that if you put your own skin in the program, you will pass.

Why is it many of those kids who get a free ride through their parents end up partying in school and barely pass their classes and end up being total schlubs in the workforce. I was watching the Dave Ramsey show the other day and he said that he would rather hire the person who worked their way through college over the person who has 6 degrees and never worked a day in their life. I would take it step further, I would take the military veteran over any of the three because the military veteran is more likely to have the discipline and knows to handle life's everyday bullshit.


2. China will be the next superpower of the world.

Newsflash: America's shit does stink like everyone else's shit, and the world does not revolve around America. If you want to find out, just travel around
the world. Since the typical American is too damn lazy to do the heavy lifting, they send the work overseas to do it, so all the Americans do is just consume and blow up the national debt. For example: the housing market, low savings rate, the inability of the typical American to manage their own money (I am surprised a financial analyst is actually a profession), and above all, the stupidity of the typical American to get excited about a 401K without analyzing how a 401K works.

*In summary all a 401K is a savings account that you cannot tap until you are 59 1/2 and don't pay taxes on it until you withdrawal from it. Your employer
may contribute if they wish, and it is typically in an account with hefty service fees that you don't see)

Why will China be the next superpower? First of all, they value education. It has been in their blood since the ancient proverb days where scholars are respected above all (instead of Oprah and Brangelina). You every hear about the stereotypes that some asian kid getting crap from their parents with a "A-" in class? All I got to say is that stereotypes are based on reality. So in a nutshell, there are about a Billion people in China and they are ready to make their presence.

Another reason why China will be the next superpower? Their economy. They are a nation of savers and their nation is in a state of growth. They are going
to spend a good 600 billion on their infrastructure as a economic stimulus. And what do we spend our bailout money on? Bear Stearns, AIG, Bank of America,
Citi, and who knows what else... At least China gets something in return for their investment that could pay off dividends.

So who is pulling the weight in our nation? My answer is besides the few Americans who do, it is the Asians. So share a success story of a recent immigrant who has been living in America since 2001. In 2001, she barely spoke a lick of english, in her early 20's, and barely had a clue on how things are in America. Now, she owns her business, owns a house that is PAID OFF, bought a lexus in CASH, speaks perfect english (probably better than some people who
speaks English as their first language), and has a large rainy day fund in the bank. Too add insult to injury, she still does not have a high school diploma.

Here is a link of Chinese educational attitudes

Madoff Victims broke one of the most fundamental rules in investing

The part that really baffles me on this Madoff scandal is that one of the fundamental rules in investing is that you need to:

D-I-V-E-R-S-I-F-Y

This is a SIMPLE move to protect your ass from losing everything. Now you are talking about multi-millionaires who lost everything because they did not diversify. Even if they would of had 50% of their holdings into Madoff, they still would be a millionaire.

The way I look at this is that I do my own homework and make my own investment decision. If I were to put some skin in the game and if I got a lot of it, I will definitely do my homework and know what the hell I am buying into. It just makes sense. Period. If I am too lazy or incompetent to do it, then I would be better sticking to a CD's, Savings, or some kind of low risk index fund.

Duh...

The time bomb is ticking louder...

Referenced from the following two articles:

China's M2 Growth accelerates
China is losing it's taste for US Debt

Basically what is going on is that China is now starting to loosen up bank reserve requirements so they can easily lend money to other people. This ends up the increase in the M2 money supply in China. This is somewhat an indirect way if bringing up inflation. Now as you know how a communist government operates, what the Big Daddy Panda Bear says goes.

On top of this, China is losing it's taste for US Treasury bonds as it becomes more obvious that they are not buying them. Using the simple law of supply and demand, there will be more supply which will end up jacking up the treasury bond rates at the cost of the "taxpayer". All the US government will eventually do is print more money so it will not default on the treasury bonds it issues. That's probably the only reason why it "technically" has the AAA rating.

Now what I think is going to happen is that the economy will eventually recover in the short time being (about the next 2-5 years), and while the good news is spread, people are borrowing money from the money tree, people start flipping houses, banks become "forced" to lend to sub-prime lenders with prime rates, money becomes unusually cheap (that's already happened) and the shoe-shine boy starts to run his own hedge fund.


During all the next round of "good times" Chinese (and Japanese) will quietly dump their treasury bonds and Americans will buy them because they are paying out 15% or more because no one wants a subprime bond. And then some dumbass commentator will say "Deficits Dont Matter" while holding a 20 Trillion debt load along with a 40 Trillion dollar unfunded "promise". The only option is to kill more trees to fire up the printing press. You will see lots of government sponsored commercials that will promote buying bonds because it is the "American" thing to do.

Sooner or later the bond bubble will eventually bust, China and Japan will be out of it and guess who is going to be left holding the bag?

To All My Valued Employees

Subject: A boss that tells it like it is, and a message that most people (and all sheep) don't want to understand !

To All My Valued Employees,

There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn't pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.

However, let me tell you some little tidbits of fact which might help you decide what is in your best interests.

First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside. You've seen my big home at last years Christmas party. I'm sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.

However, what you don't see is the back story.

I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.

My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn't have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business - hard work, discipline, and sacrifice.

Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom's for the latest hot fashion item, I was trolling through the discount store extracting any clothing item that didn't look like it was birthed in the 70's. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.

So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don't. There is no "off" button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden - the nice house, the Mercedes, the vacations ... you never realize the back story and the sacrifices I've made.

Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.

Yes, business ownership has is benefits but the price I've paid is steep and not without wounds.

Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:

I am being taxed to death and the government thinks I don't pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my "stimulus" check was? Zero. Nada. Zilch.

The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.

The fact is, if I deducted (Read: Stole) 50% of your paycheck you'd quit and you wouldn't work here. I mean, why should you? That's nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.

Here is what many of you don't understand ... to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn't need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now.

When you have a comatose man on the verge of death, you don't defibrillate and shock his thumb thinking that will bring him back to life, do you? Or, do you defibrillate his heart? Business is at the heart of America and always has been. To restart it, you must stimulate it, not kill it. Suddenly, the power brokers in Washington believe the poor of America are the essential drivers of the American economic engine. Nothing could be further from the truth and this is the type of change you can keep.

So where am I going with all this?

It's quite simple.

If any new taxes are levied on me, or my company, my reaction will be swift and simple. I fire you. I fire your co-workers. You can then plead with the government to pay for your mortgage, your SUV, and your child's future. Frankly, it isn't my problem any more.

Then, I will close this company down, move to another country, and retire. You see, I'm done. I'm done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, will be my citizenship.

So, if you lose your job, it won't be at the hands of the economy; it will be at the hands of a political hurricane that swept through this country, steamrolled the constitution, and will have changed its landscape forever. If that happens, you can find me sitting on a beach, retired, and with no employees to worry about ...

Signed,
Your boss

Auto workers will suspend a program that paid workers for no work, and let companies delay health-care payments

From the business week article from this link

Now you really got to be kidding me... According to the article, workers retain 85% of their salaries while laid off. Wow, I would love to retain 85% of my salary while laid off and I could go do a little moonlighting and really start double dipping (being double paid).

I personally own three Toyotas and a Honda. And I am damn proud of it. As what I said earlier, what needs to happen is for these companies to fail (or at least one of them) and whatever is left of the American auto makers will get their fecal matter together.

Well, I think they will eventually fail sooner or later. If they don't, they will become like incompetent government workers. Or government workers will be like incompetent auto workers. Or it will be like a marriage in hell. Who knows...

The Fed is determined to fight deflation

Wow... after all these trees getting killing and reports are emerging out as deflation is our economic issue now.

Now does this make any sense to you? If the government is pumping TRILLIONS of dollars into the market and expects the foreigners to sop up additional American debt. As I mentioned before, China is dumping over 600 Billion into their own infrastructure and President Obama is trumping China with 700 Billion into their own infrastructure.

My bet is on GOLD. As I tell my buddies that if the government gets tight about the money supply (which they wont) I am totally screwed because it will bring the price of gold down. On top of this, it actually may bring deflation back into the game because no credit would revolve around the market, and our debts would cost more so the government would not want that.

At least the bright side of a devalued currency is that it would not provide as much incentive to ship our jobs overseas (and I am betting my ass that Obama would push to get our currency devalued).

Here is an interesting video that I stumbled on to...

Several billion here, Several billion there, now it's billions everywhere...

This is from today's Marketwatch article:

Fed unveils $800 billion plan to bolster lending, housing

NEW YORK (MarketWatch) -- With financial markets still not working smoothly two months after almost shutting down, the Federal Reserve unveiled further steps Tuesday aimed at lowering borrowing costs for consumers and home buyers.

This one is beyond me, The fed has to kiss ass to congress to approve a $700 billion bailout package, but how in the hell do they go and pull $800 billion out of their asses and start lending them to the public? I thought that "we the people" would have a say in this... Does this at least have to go through congress? What in the hell is going on???

Now with at least 1.5 TRILLION dollars (and that is not even counting about the billions here and there that they dumped in the market in the beginning of the sub-prime mess) there has got to be some inflation kicking in sooner or later... Check the current currencies, the dollar is losing strength again...

It is interesting that the whole mess of this sub-prime mortgage mess and housing blow up is that banks expanded their lending pool to SUB PRIME borrowers. Would you personally lend someone who has an unstable job or financially irresponsible money? Well during this whole housing bubble, the banks were lending money to those MORONS. I don't believe it's the moron's fault, it's mainly the bank's fault for taking stupid risks to lend to those morons and the banks should get burnt by it. Now the Fed wants to commandeer and lend to those same morons to somehow bail the economy out. Basically what is going to happen is those same morons will eventually default again and the taxpayer will end up with the bill. Again.

My solution to this whole mess is simple. If the incumbent politician voted for the bailout bill (regardless of party), vote against that person. If not, vote for that person. Simple as that.

Do US Treasury bonds deserve an AAA rating?

In some sense, US Treasury bonds do deserve an AAA rating because it is highly unlikely that they will default. However, the difference between the US treasury and some corporate or municipal bond is that the US treasury will just print more money to avoid defaulting.



So what happens when Uncle Ben and King Henry does that. It weakens the dollar, therefore the price of gold and other competing currencies that are not pegged to the dollar goes up. Who gets hosed? Savers. People who think holding US dollars is the "fail-safe" way to invest while they think they are taking zero risk by keeping it under pillow or in a FDIC secured bank account.

According to the website foodtimeline.org, a 18 ounce box of Kellog's frosted flakes costs $1.99 in 1990 and now a 12 ounce box of frosted flakes costs $2.99 in 2008. If you do the math, it's about 11 cents an ounce vs. about 25 cents an ounce, so you are looking at a 130% inflation rate in Kellogs frosted flakes over a period of 18 years.

So in this case, do you really think that the inflation rate is really at 2%? I guess it depends on how you want to gather all the information out there and analyze it for yourself. It depends if you really take the government data at face value, but I would have to estimate that inflation is at least a good 5 percent, but more like at about 7-10 percent. There is a lot of other crap you can analyze... Gas prices, cost of a car, minimum wage, whatever and draw your own conclusion.

Now going back to the bonds, yes I believe it is a minimal risk that a default would occur, but when you redeem your case, you'll get screwed by inflation.

China is getting ready to flip us off (by diversifing into gold)

Article from DailyMarkets.com

China, one of the largest debt holders of America is considering to buy a bungload of gold because the dollar will be going towards the value of toilet paper. Maybe one of these days we will be wiping our asses with the dollar bill compared to toilet paper because it is simply cheaper.

China has 1.9 Trillion in US Dollar reserves. They are about to spend about 600 billion to stimulate their economy by improving their infrastructure. The USA spends 700 billion that IT DOES NOT HAVE to bailout the stupid, and we get nothing for it. At least China has some nice roads and subways to show for it.

They are about to spend a good $229,785,600,000 (229 Billion for 3600 Tons of gold at $800/ounce) to "Diversify" against the US dollar. So in reality, they are dumping an aggregate of about $850 Billion worth of US money on to the market. That will devalue the dollar along with bringing the price of gold and commodities.

Market breaks below the 8000 barrier

For some time I was saying that the DJIA will eventually be dumped to somewhere between the range of 2000 and 4000. Back then, people just laughed at me and thought I was smoking a little too much Maui Wowie.

My original prediction was that the DJIA will bounce from the 8000 level and go back up to the 10000 level. It didnt really go to the 10000 level, but I would say about 9500 for it's high is close enough. I am basically going by the classic "head and shoulders" theory along with my bearish stance due to the overleveraged debt that our country is in.

Now my theory actually is actually coming through. The dow is at 7552 and is on a nasty downward spiral. This recession is not any normal recession, it is the result of the government trying to avoid the previous recessions with over inflating the money supply by making it dirt cheap to borrow. The lesson here is that recessions are normal and it needs to happen, everything goes in cycles and when you F*ck with it, it will eventually F*ck you in the ass when the bubble of the cycle pops. In this case, it is the financial bubble from the "creative financial engineering" that has occured during the last 20 years or so. Eventually people will run out of money and will have to pay the piper and he is coming to either collect or play the repo man.

Big Three auto CEOs flew private jets to kiss ass to congress for taxpayer money

Now this really amuses me, The bankrupt three are about to run out of gas and guess how they start kissing ass to congress for money? By flying a PRIVATE JET. Now if they had any faith in the products they sell, wouldn't you think they at least drive in a GM/Ford/Chrysler car? I am sure they have an extra SUV or two laying around somewhere.



Congress: go ahead, make my day... Bail these idiots out. Let's waste more money on the bankrupt three, and whoever fills out a bailout application. I bet my entire portfolio on it that you will bail everyone out. I mean ALL IN, like world series of poker ALL IN. Now if you schmucks actually got your fecal matter together, I'll be trouble and I may need a bailout myself.


Bankrupt Three Bailout

Great depression coming?

This is an interesting article by Paul Farrell on the marketwatch website.

http://www.marketwatch.com/news/story/Well-Great-Depression-2-2011/story.aspx?guid={B28B49B5-EFD1-4941-B57E-A2BA1545BA09}

These 30 signs that he mentions are some very scary signs that the fecal matter has not hit the fan yet. It has to be obvious when the government is squirming about this recession. Here are my .02 cents to the cracks in our ships hull. Don't worry, everything is going to be just fine...

• America's credit rating may soon be downgraded below AAA.

Imagine what will happen when the foreigners quit buying our treasury bonds. I would stay away from it if I were you

• Fed refusal to disclose $2 trillion loans, now the new "shadow banking system"

Ever wonder why our M3 money supply is not published?

• Congress has no oversight of $700 billion, and Paulson's Wall Street Trojan Horse

Does congress have oversight of anything?

• King Henry Paulson flip-flops on plan to buy toxic bank assets, confusing markets

I think King Henry is confused too

• Goldman, Morgan lost tens of billions, but planning over $13 billion in bonuses this year

Work Harder! Corporate CEO's depend on you!

• AIG bails big banks out of $150 billion in credit swaps, protects shareholders before taxpayers

Let's all deliberately not pay our bills and have the government bail us out too!

• American Express joins Goldman, Morgan as bank holding firms, looking for Fed money

Just call 1-800-UNCLEBEN

• Treasury sneaks corporate tax credits into bailout giveaway, shifts costs to states

Then the states sneaks the tax upon Joe the Plumber

• State revenues down, taxes and debt up; hiring, spending, borrowing add even more debt

I thought that was the federal government

• State, municipal, corporate pensions lost hundreds of billions on derivative swaps

SUCKER!

• Hedge funds: 610 in 1990, almost 10,000 now. Returns down 15%, liquidations up

Looks like Hedge funds are going back to about 610 again...

• Consumer debt way up, now at $2.5 trillion; next area for credit meltdowns

Could we have some of the bailout pie now?

• Fed also plans to provide billions to $3.6 trillion money-market fund industry

What difference does this make now?

• Freddie Mac and Fannie Mae are bleeding cash, want to tap taxpayer dollars

Why dont we let Freddie and Fannie bleed to death. They are already a lost cause.

• Washington manipulating data: War not $600 billion but estimates actually $3 trillion

ENRON?

• Hidden costs of $700 billion bailout are likely $5 trillion; plus $1 trillion Street write-offs

Hope your 401K statement is hidden...

• Commodities down, resource exporters and currencies dropping, triggering a global meltdown

...and that's where the recovery will be. Hey, at least gas is now about 2 bucks/gal. For now...

• Big three automakers near bankruptcy; unions, workers, retirees will suffer

Well, someone is going to get SCREWED. I don't care if you received your financial engineering degree from Enron University, again someone is going to get screwed.

• Corporate bond market, both junk and top-rated, slumps more than 25%

Maybe the next bankers will be the mafia and they will use your fingers as collateral.

• Retailers bankrupt: Circuit City, Sharper Image, Mervyns; mall sales in free fall

You know when the fecal matter hits the fan is when WALMART goes bankrupt.

• Unemployment heading toward 8% plus; more 1930's photos of soup lines

At least it may solve our immigration problem when the illegal aliens quit coming here because there is no money to be made. Even better yet, we will send our losers to Canada and Mexico.

• Government policy is dictated by 42,000 myopic, highly paid, greedy lobbyists

Where do I sign up? Does lobbying require any special sk1llz

• China's sees GDP growth drop, crates $586 billion stimulus; deflation is now global, hitting even Dubai

At least China gets something out of the %586B stimulus plan. All we get out of our $700B stimulus plan is a handful of richer CEO's. Will someone rig their golden parachute?

• Despite global recession, U.S. trade deficit continues, now at $650 billion

DEFICITS DON'T MATTER!

• The 800-pound gorillas: Social Security, Medicare with $60 trillion in unfunded liabilities

Again, someone will get screwed when the fecal matter hits the fan. On the bright side, there are many doctors in foreign countries that can provide decent medical care at a decent price.

• Now 46 million uninsured as medical, drug costs explode

Thanks Uncle George, Viagra for everyone!

• New-New Deal: U.S. planning billions for infrastructure, adding to unsustainable debt

Why don't we do it China style, screw the banks and invest in infrastructure to stimulate the economy? Again, at least we get something out of it

• Outgoing leaders handicapping new administration with huge liabilities

Looks like our outgoing leaders are handicapped themselves

• The "antitaxes" message is a new bubble, a new version of the American
  dream offering a free lunch, no sacrifices, exposing us to more false promises

CHANGE! That's the solution to all our problems! Change, Change and more change! Bring it on! All I am doing is reacting to all this change.

Bailing the automakers

First of all, I have no clue what in the hell the senate is doing to bail out the automakers and what for. Have you seen the latest crap that the American automakers has put out on the market lately?

This is exhibit A, the Chevy Uplander. Now doesnt that look like a piece of fecal matter. Would you spend at least a good $25,000 on this product that is supposed to be the heartbeat of America?


Exhibit B, the united auto workers. Aint these bunch of morons a liability to the big three? These MORONS are making an average of about $70/hour (according to the Detroit free press). That is nearly TWICE as much as I make and I am a skilled network security engineer. I hereby excercise my freedom to vote with my wallet and I will NEVER buy any American automobile.


I really think the big three needs to become the bankrupt three. Someone will eventually buy them out, get rid of UAW and whatever unions are anchoring the company. From there, it will have a hope of becoming a great company as it once was back in the 50's and 60's. Until then, I think American made cars are the laughing stock until they get their fecal matter together.