1 Unemployment, much like Cheney's c**k, never stops growing.

2

"$194 billion already spent "

I believe the actual number is just a little south of $500 bil.

3 Can we get a refund?

4 "$194 billion already spent "

$323,000 per (temp) job.

5

Quit using CHARTS to peddle your bias!

*licks lips uncontrollably*

6 So, can they return the other dollars appropriated for the stimulus to the treasury and try and forestall the coming dollar collapse and hyperinflation, or do we have some more "Robert Byrd Memorial Train Station"s to build?

7 If this is the best we can expect from the "stimulus", then grab all the ammo, guns, and women you can find, and run for the hills.

8 Oh, and don't fool yourselves: there will be another stimulus bill.  Left wing causes are a never-ending suck hole of federal tax dollars and progressives control both houses of congress and the presidency.  Its going to impossible for them to resist.

9 But the impact of demoralizing the investment class, increasing government activism and rewarding leftist constituents will be felt for decades.

It's almost as if that was the plan all along.

10 saved or created

You lie.

11

Clearly the term "Unemployment" is just a construct of outdated White Colonialist bourgeoise thinking that has no place in a more modern and diverse America.  From now on the catergories will be Employed by Private Sector, Employed by Public Sector, Temporary Unpaid Self Employment.

Please use as appropriate.

12 At least when a magician makes something disappear there is some entertainment value in it.

13 'no soup for you'

14 Happy Days Are Here Again

15 Speaking of stimuli, what's the chance of a few more RINO-nipple photos?

Pant, pant.

16

Oh, and don't fool yourselves: there will be another stimulus bill.  Left wing causes are a never-ending suck hole of federal tax dollars and progressives control both houses of congress and the presidency.  Its going to impossible for them to resist.

what do you mean will be. They are already doing it, they just know they can't call it stimulus. That 12 billion gift to the elderly was just one part of it. get ready for a bunch of small "bail outs" that are really stimulus type projects.

17 spending from the $787 billion economic stimulus has already had its biggest impact on economic growth and will likely not contribute to significant expansion next year.

I suppose it would be too much to ask them to draw the logical conclusion from this statement, and not spend the remaining $600 billion.

18 If it wasn't for all those new jobs at ACORN, the results would be much worse.

19 "Aaaand , it's gone!"

20

"Aaaand , it's gone!"

What? i just deposited it!

21 Yeeeeeeeeeeeeeeeeeee Haw!

22 Fort Knox just sent a telegram to say Don't worry Be Happy.

23

I guess SEIU and ACORN and ABA are all knee-deep in gin and hookers again!

 

MISSION ACCOMPLISHED

24 I guess they finally got around to doling out over 50% of that huge sum to their cronies, unions and slush funds.

25 "Someone should get Obama a shirt that says, 'I Spent 787 BILLION Dollars and All I Got Was a T-Shirt and 9.8% Funemployment'"

I wish I could be so lucky. All I got was the 9.8% funemployment.

26 Unemployment will still go up.

Wait till the January 2010 numbers come in on Feb 5, 2010.  That is the date when the Labor Dept will first show the "deaths" update after padding the employment numbers with phantom "births" throughout this year.

This new release is obviously meant to reduce expectations going forward.

27 The best president since FDR!!!

28 Joe, we're gonna fed-ex you the shirt off Ace's back

29 Another job well done.

30 Satisfied yet?

31 Someone should get Obama a shirt that says, "I Spent 787 BILLION Dollars and All I Got Was a T-Shirt and 9.8% Funemployment"

12.2% in California, is that a personal best for this administration?

32

"There's nothing that the first family loves more than a good burger, right?" Obama said. "And look, my favorite food in the whole wide world are french fries. I love them. Dearly. Deeply. I have a good relationship with french fries, and I would eat them every single day if I could."

 

-FLOTUS

33 Wow, that was a great ride!  Let's do it again!

34

Porkulous was NOT a stimulus bill. It was a wish list of communist welfare desires with payoffs to political cronies and unions included.

 

And no, there will not be a second porkulous passed, at least until possible after the 2010 elections. The phony blue dogs are worried and they will not go for a second one.

 

The only way we will get round II will be if the Republicans still insist in the big tent open Party liberal shit and screw up the 2010 elections.

 

In that case all bets are off, including whether or not we even reach the 2012 elections.

35

Just words, just speeches.

36

In the 1998 Annenberg Challenge, Obama managed to get zero results in student improvement by spending only $98.2 million.  Now he has to spend $787 billion to get zero results.  This means he was much more efficient in 1998.

37 "between 600,000 and 1.5 million"

With that much "fudge," you know what orifice she pulled those numbers from.

Eeeewww.

38 There was growth in the second and third quarters?

39 So are they going to stop spending it?

40 Anybody hear Sasquatch's cringeworthy spiel to the kids on the WH lawn yesterday about eating their vegetables?  I had trouble controlling the gag reflex.

41 It wasn't stimulus-stimulus.

42

Someone should get Obama a shirt that says, "I Spent 787 BILLION Dollars and All I Got Was a T-Shirt and 9.8% Funemployment"

And the inflation is yet to come.

43 Cool Money Grip: "Joe, we're gonna fed-ex you the shirt off Ace's back"

Awesome! I knew voting "D" would pay off in the long run. This is redistribution I can still believe in. Thanks, Obama! And CMG, what are all of you going to do about my car and rent? It isn't going to pay for itself.

44 "Mission Accomplished!"

45 These inept, crooked fools just keep on lying.

46

#42  And the inflation is yet to come.

And after that?  Only chaos.

47 Why do I feel like this is a purposeful fake, so if there is .000000000001% of improvement somewhere, they'll pop out and say "See it did more than we thought! Ain't it great!"

48 It was nothing but wee-wee.

49 Would someone PLEASE tell me what to do about this? I need someone to tell me what to do!

50 "I Spent 787 BILLION Dollars and All I Got Was a (an ACORN) T-Shirt and 9.8% Funemployment"

FIFY.

Remember, congress restores ACORN funding Nov. 1st.

Sign the Defund ACORN petition!

51 He really is too good for us.

Hail Chairman Obama!

52 Full Speed Ahead, Comrade Leader!

53 Keep stimulating that chicken.

54

It's POSSIBLE that the porkulus saved or created about 1 million jobs, give or take a half-million.  Which would mean that the economy would have otherwise lost around 3.7 million jobs, instead of the 2.7 million actually lost.

But it seems to me that it's also possible and MORE PROBABLE that without the porkulus, the economy would have recovered as well or better on its own.  At the time the porkulus was being considered by Congress, some economists (and I think the CBO) were saying that absent any Congressional action, the recession would likely end soon -- just based on the average length of recessions since WWII.

Either way, the people who voted for Barack Obama because they believed his promise to get the economy growing again have had that belief shattered and its pieces thrown in their faces.

55 How are you morons planning on hedging against inflation?
I'm studying Gold, foreign currency, commodities and US business with large international business, but haven't changed my portfolio yet.

56

Saved or Create. This is a phrase generated by this administration and blessed by Obama, in fact, he uses it himself with frequency. So credit will be given to Obama for this phrase, which has worked wonders for the American people, holding unemplpyment under 10% will become his crowning moment, to be known from this day forward as "SOC".

Or Obama SOC's.

It will become normal and acceptable to chant this in every public forum and his speeches. Think of it, instead of Yes We Can, the crowd can chant in unison,

 

You SOC Obama.

57

49 Would someone PLEASE tell me what to do about this? I need someone to tell me what to do!

Isn't it obvious?  Vote for Dede Scozzafava!

58 WHHHHEEEEEEEEEEEEEEEEE!

59 Let's see, Obamacare's a quagmire, cap-and-thieve is crawling on the floor looking for a good reason to be stomped to death, they're busy chewing on their own shoes over Fox, the dollar's stepped into the elevator shaft before the car got there, and these guys want to hang ANOTHER target on their backs?

60 44 "Mission Accomplished!"
OK all done, I'm gonna put away my Economy Mop for now.  I'll be working with my Foreign Policy Mop for awhile.

61 56

You SOC Obama.

There's a SOC'er born every minute.

62 Unfukingbelieveable

$200 billion spent, and NOTHING from the remaining $500 BILLION [ONE HALF TRILLION] American fucking dollars!?!?!/1/!/!/111121!1eleventy!@1!1QW!

Christ on a crutch, this is enough to make someone take up arms agasint a sea of troubles, and by opposing, end them.

Someone else, of course, not me, nor am I advocating you morons do so.


really.


I'm not.

63 If it's done .. let's stop spending any more.

64

How are you morons planning on hedging against inflation?
I'm studying Gold, foreign currency, commodities and US business with large international business, but haven't changed my portfolio yet.

At this point I am paying off the debt the stupid cow of an ex-wife racked up, but I have dusted off and re-read "How To Prosper During The Coming Bad Years".

65 What I find amazing about economists is the penis envy they have toward mathematicians.  They think that all they do is pure numbers, but much of economics is psychology.

Who the hell is going to hire anybody -- stimulus or no -- with the swords of Damocles of Obamacare and Crap and Trade hanging over their heads?

But what does this mean about the "stimulus" payoffs that were due in time for the 2010 and 2012 elections?

66 Hey, you market smart people. Serious question: Are we looking at slow decline into normal socialist mediocrity, or a sudden collapse of the entire economy and maybe government? Odds?

67 Spedulus²

68 They hired Rove as a consultant.  This is a trap.

:-)

69 Obama sucks cock

70

65 What I find amazing about economists is the penis envy they have toward mathematicians.  They think that all they do is pure numbers, but much of economics is psychology.

Tangential point: the economy is more knowable and measurable than the climatological system of the Earth.  No one has created a reliable mathematical model to predict economic activity, or even the much smaller subset of stock prices, with reliability and accuracy -- but we're supposed to believe that the models of climate change are rock-solid and unassailable?

71 Hey, no problem! We think for ourselves! We think that anything  President Obama wants to do is the RIGHT thing to do! You betcha!

72

69 Obama sucks cock

Wasn't that the headline in the Washington Post after the Saturday Night Massacre?

"Nixon Sacks Cox"

73 I'm done right now but if you give me another 30 minutes I'll be ready to go again. 

74 What a bunch of ass clowns these people are.So sick of this B.S

75

So, even by the high end of their own bullshit, the Spendulus created jobs at a cost of $129,333.33 per job (feel free to check my math, but I'm sure I'm close).  Even by the ridiculously unbelieveable bullshit they feed us, they are still epic failures. 

In reality, we're much closer to a cost of $130K spent per job lost.  Fun, eh? 

"It is a terrible thing to contemplate how few politicians are hanged." - G.K. Chesterson

76 saved or created 600,000 to 1.5 million jobs

Pittance. I saved or created 3 million jobs just this week.

Go ahead. Try to prove me wrong. I dare you.

77 66 JohnE

A bit of both, I think.  Our economy is too big and we are too advanced to have a wholesale collapse and a return to full-on barter and subsistence lifestyle.  My guess is something like Dark Angel without any Jessica Albas running around.

78 It's okay.  We're taxing all those new jobs at 100%, so we're gettin' all that money back.  It's a profit deal!

79

40 Anybody hear Sasquatch's cringeworthy spiel to the kids on the WH lawn yesterday about eating their vegetables?  I had trouble controlling the gag reflex.

Was that before or after she farted 142 times with the hula hoop?

80

How are you morons planning on hedging against inflation?
I'm studying Gold,...

Given the steep downhill course we're on, I have to believe that BHO will be actually or by some chicanery confiscating gold, platinum, silver, etc. He'll certainly have an infaltion/debt crisis to milk soon enough.

 

81

71 Hey, no problem! We think for ourselves! We think that anything  President Obama wants to do is the RIGHT thing to do! You betcha!

Obama does to Americans who think for themselves what Mao did to Chinese who thought for themselves.  Just ask Anita Dunn.

82 Keep stimulating that chicken.

That chicken became McNuggets quite a while ago.  All we got left is the empty boxes.

83 They think that all they do is pure numbers, but much of economics is psychology.

Not 100% true. Their are a good number of Behavioral economists whose study of psychology is explicit.

84 Hey, I know! Let's stimulate the economy by implementing a Value Added Tax! That, Cap & Trade, and inflating tires for better gas mileage (as Obama has always said) could be our panacea.

In fact the inherent savings of implementing those plans would allow us to spend even more -- a veritable profit center.

85

How are you morons planning on hedging against inflation?
I'm studying Gold,

p.s. Isn't our 'stock' in GM and Chrysler going to make us all rich??!

//

86 NRO is hosed yet agan. Whoever they pay to run their site ought to be joining the ranks of the funemployed.

87

40 Anybody hear Sasquatch's cringeworthy spiel to the kids on the WH lawn yesterday about eating their vegetables?  I had trouble controlling the gag reflex.

When we're reduced to feeding our kids grass and tree leaves like they do in North Korea, will that count as them eating their vegetables?

88
WILL SOMEONE IN THE MEDIA PLEASE ASK SNOWE AND COLLINS IF THEY THINK THE STIMULUS WORKED OR IF THEY REGRET THEIR VOTE???

89 >Either way, the people who voted for Barack Obama because they believed his promise to get the economy growing again have had that belief shattered and its pieces thrown in their faces.

Posted by: stuiec at October 22, 2009 01:54 PM (7AOgy)

 

I have it on good authority that they believe the economy has already improved-

NOW IT'S ON TO CAP AND TRADE, AND LET'S WIN THERE

90

84 Hey, I know! Let's stimulate the economy by implementing a Value Added Tax! That, Cap & Trade, and inflating tires for better gas mileage (as Obama has always said) could be our panacea.

In fact the inherent savings of implementing those plans would allow us to spend even more -- a veritable profit center.

Don't forget the Tax Added Tax!

91 Dumbest Administration Evah!

92 Are we looking at slow decline into normal socialist mediocrity...

That appears to be "the plan".

93 And the inflation is yet to come.

Oil (and therefore gas at the pump) is rising fast.  The Northeast is suposed to have a real bad winter coming up.  Gee, what do you think is going to happen?

94

Umm, didn't they forget at their own urging that we were not to call this stimulus? After all, didn't they tell us a few months back to call it stabilization instead?

95

When we're reduced to feeding our kids grass and tree leaves like they do in North Korea, will that count as them eating their vegetables?

Only if there's ketchup on it! Did you know the Reagan Adminstration called ketchup a vegetable??? Huh??? Didja???? Just proves my point! You're all idiots!! IDIOTS!

96 The Northeast is suposed to have a real bad winter coming up.  Gee, what do you think is going to happen?

Another Florida condo boom as people smarten up and get the fuck out of those states.

97

How are you morons planning on hedging against inflation?
I'm studying Gold,

Valu-Rite, Toilet Paper, Ammo and First Aid Kits.

But mostly Valu-Rite.

98 > Obama Administration: The "Stimulus" Is Done. That's It, No More

So the Chinese ain't lending us any more ...

99
You know what?

It's good that the sheeple believe the economy is improving. Because when reality sets in, and it will eventually, the people will blame Obama for the shitty economy. They'll think it was in recovery and then Obama ruined it with his stupid policies!

100 I doubted you, Drew, when that Basmati rice investment advice went south. No, I'll admit it, I was pretty pissed when I got stuck with a basement full of rice sacks.

I apologize.

101 What was I thinking, hiring that stupid Cal stoner Romer?!?  It's all that "Free Speech Movement" crap in Berkeley that makes her think she can tell people the truth whenever she wants.  That's the last time I hire outside the Ivy League.

102 I WANT MY FREE SHIT!

103 I'm heavily invested in MRE's.  They keep better than sacks of rice.

104

27 The best president since FDR!!!

Posted by: Bob Beckel at October 22, 2009 01:41 PM (wAQA5)

Saying that night after night on Fox proves that you've become nothing but their puppet.  He is the greatest President since Presidents were made Presidential!

105

100 I doubted you, Drew, when that Basmati rice investment advice went south. No, I'll admit it, I was pretty pissed when I got stuck with a basement full of rice sacks.

Make the rice sacks into dresses.  Then when all the clothing companies and retailers go under, you'll have the market cornered.

106

The Stimulus is Done?

We are so hooped.

107 >It's good that the sheeple believe the economy is improving. Because when reality sets in, and it will eventually, the people will blame Obama for the shitty economy. They'll think it was in recovery and then Obama ruined it with his stupid policies!

Posted by: Tweet with the Tought of the Day at October 22, 2009 02:11 PM (z37MR)

 

Fool! It'll still be Bush's fault! That well never goes dry!

108 "And here are some more wonderful statistics that detail the wonderfulness of Mr. Wonderful and his awesomely wonderful administration that I just found hidden in my ass!  Isn't that wonderful?!"

109 I WANT MY FREE SHIT!

So, you were here then?

But you can also learn much from the people who lined up outside the Cobo Center. Luckily, Ken Rogulski of WJR in Michigan was on hand to interview people in line for Obama cash. Here is the transcripts of one exchange:

ROGULSKI: Why are you here?

WOMAN #1: To get some money.

ROGULSKI: What kind of money?

WOMAN #1: Obama money.

ROGULSKI: Where’s it coming from?

WOMAN #1: Obama.

ROGULSKI: And where did Obama get it?

WOMAN #1: I don’t know, his stash. I don’t know. (laughter) I don’t know where he got it from, but he givin’ it to us, to help us.

WOMAN #2: And we love him.

WOMAN #1: We love him. That’s why we voted for him!

WOMEN: (chanting) Obama! Obama! Obama! (laughing)

110

66 Hey, you market smart people. Serious question: Are we looking at slow decline into normal socialist mediocrity, or a sudden collapse of the entire economy and maybe government? Odds?

True Communism can only be built from the embers of a failed Capitalist state.  We're coing to be the first true Comminust country if these crapweasels get their wish.

 

On a lighter note, there are a not of pictures of Bai Ling's nipples out there.

111

Fool! It'll still be Bush's fault! That well never goes dry!

(smacks lips repeatedly)

FIFY

112

But you can also learn much from the people who lined up outside the Cobo Hobo Center

FIFY, and grabbing my AR-15

113

ROGULSKI: Why are you here?

WOMAN #1: To get some money.

 

Greed is good!

114

Jobs saved or created.  It has a ring to it. 

I hear some drunk bragging about women he had or wanted to, just like all the guys he beat or could have and all the money he could have made if only...

I have a couple of questions.  Why does anyone listen to this empty suit, and where did all the adults go?  The only way to handle a guy like him is to walk away, before he asks you to lend him fifty bucks.  You don't talk to him, or introduce him to your friends.   

115 Hey, I went to the Cobo center and all I got was  a free "Yes We Can" shirt.

116 Are thy asking how the money was spent?  Cause it is more than a little striking to hear that they may not continue the housing credit since so much fraud has been uncovered in the program, particularly from employees of the agency meant to oversee it.

117 MarkD: The only problem is that he's already wearing your swatpants, sitting on your couch, and eating your cold fried chicken leftovers from the fridge.  And I hope you don't mind, but he just drank the last three cold beers.

118 Why was it lost on so many people that the same unmitigated greed displayed by the two women who have been made famous by their discussion on linbaugh is the same greed displayed by the WS execs.  Except if you are rich you are vilified and if you are poor you are given a pass.  What has happened to critical thinking in this country?

119

"Has anyone seen my little red book?  You know, Quotations of Chairman Moa?  I swear it was just here next to my LSD laced skittles and my unicorn."

"Ahhhhhhh!  Fox News!!!  It's crawling all over me!!!"

120 What has happened to critical thinking in this country?

See post #109.  Evidently, and sadly, the idiotocracy seems to have arrived a bit early.

121 Oh yes, the confiscation of gold is already in the works. Has anyone here applied for  the detention camp guard positions yet?     Martial law, the sacking of the dollar, the reeducation camps are coming..And I don't even like the black helicopters.....maybe I am racist

122
In Soviet Russia, unemployment recovers YOU.

123

ROGULSKI: What kind of money?

WOMAN #1: Obama Free money.

ROGULSKI: Where’s it coming from?

WOMAN #1: Obama  You.

124 You know, when I was in middle school I disliked the seventh grade girls vehemently.  They ruled by gossip and innuendo and took you down with their whisper campaigns about you and everything about you.  (that is if you wouldn't join them).  anyways I have said this before, the government feels like a bunch of seventh grade girls.   The reason they didn't affect me in the seventh grade is I didn't care what they thought.  I just put on my intelligent nerd group mantle and won the science fair and thumbed my nose at them.  Maybe someone needs to tell them no.

125

Oh yes, the confiscation of gold is already in the works. Has anyone here applied for  the detention camp guard positions yet?     Martial law, the sacking of the dollar, the reeducation camps are coming..And I don't even like the black helicopters.....maybe I am racist

Those are some of the jobs are we are "creating" with the stimulus.

And yes, you are a racist.

126

I think I could shoot him if he was inside my house.   He's outside, crapping on the grass and blaming the neighbor's dog while siphoning the gas out of my car and telling me how he's greening up my lawn while he saves the world from climate change.

Somebody voted for him.  I want names. 

127

The Northeast is suposed to have a real bad winter coming up.

 

Actually the entire country except a few portions of the West and Texas is going to have a bad Winter. Since the crapweasels are having their AGW scam in Dec look for a full court press on that next month.

 

Oh, and the best hedge for the up coming economy:

 

Wait until after the 2010 elections. If the Republicans do not get control of at least the House then lead is the best hedge. Buy beans and bullets because you can not eat gold when the country collapses.

128 I still can't get over the fact that you aren't allowed to be naked in your own home anymore.  That some biddy walking her kid to school can see into your house in the wee hours of the morning and report you and you could be charged?  That is still boggling my mind.  Who told her to look?

129 Predicting high unemployment through 2010 is easy. Tell who's gonna win the Rose Bowl!

130 55 How are you morons planning on hedging against inflation?
I'm studying Gold, foreign currency, commodities and US business with large international business, but haven't changed my portfolio yet.

Posted by: GregInSeattle at October 22, 2009 01:54 PM (B5cM9) -

port-fo-lio? Am I supposed to have one of those? If so, what is it?

131

Maybe someone needs to tell them no.

Look, curious, the only time the President wants to hear the word no is when he ask the media fluffer if they object to swallowing. Got it. Good. Hate to have to send out some SEIU goons out to straighten you out on that one, o.k.

132 The stimulus is overbecause they don't want anyopne to talk about it.

133 Are we looking at slow decline into normal socialist mediocrity...

That appears to be "the plan".

Posted by: Purple Avenger at October 22, 2009 02:08 PM (T5TJn)

Hey, didn't I just disagree with you a day or two ago?  I'd hate to ruin my perfect record, so here goes:

Quick collapse brought on by a "Black Swan" event.  Terrorist attack, China cutting off the gravy train, the revelation that there's about 10% the amount of gold in the world as has actually been sold, etc.  We'll wake up one morning with no currency, no functioning government, and riots in the streets.  The slow slide into oblivion is possible, but one one doesn't "slide" off a cliff.

134

Comrades, all of your money belongs to Barry.

Oct. 22 (Bloomberg) -- The Federal Reserve proposed new guidelines on pay practices at banks and said it will launch a review of the 28 largest firms to ensure compensation packages don’t create incentives for the kinds of risky investments blamed for the financial crisis.

“Compensation practices at some banking organizations have led to misaligned incentives and excessive risk-taking, contributing to bank losses and financial instability,” Fed Chairman Ben S. Bernake said today in a statement. “The Federal Reserve is working to ensure that compensation packages appropriately tie rewards to longer-term performance.”

How about looking into the stupidity and criminal behavior of government agencies that contributed to the financial melt down? Nah.

135 curious:  There is freedom to, and freedom from.  Fascism is about the latter.

136

Curious,

Imagine if those little girls had the power to tax and controled the DOJ. Would ignoring them have been an option?

137 PS: So no one gets to talk about the two thirds they get to spend to win the 2010 election.

138 FireHorse at October 22, 2009 02:31 PM (Vl5GH)

Florida Gators.

139 "I Spent 787 BILLION Dollars and all I got was a pink slip"
FIFY

140

And now they say unemployment will top 9.5% through 2010.  Meaning the deficit for next year is going to be just the most fabulous thing ever.

Franklin mint plates and random used chewing gum deposits are going to better investments than the dollar.

141 See post #109.  Evidently, and sadly, the idiotocracy seems to have arrived a bit early.

Remember, "Obama is gonna take care of my gas and my mortgage..."

142 Wait and see the big front page announcements about how many new IRS agents will get hired in the next couple of months to wring every penny out of the still employed to pay for this FiascoPrecedent.

143
"And now they say unemployment will top 9.5% through 2010. Meaning the deficit for next year is going to be just the most fabulous thing ever."

We are doomed.

144

145 OT - Gawd, I'm starting to hate Google.

146 the revelation that there's about 10% the amount of gold in the world as has actually been sold

Waddayou talkin' about Willis??

147 Are you sure that was Dick Cheney? 

148 I could fill this thread with links from Zero Hedge, Clusterstock, Dealbreaker, Seeking alpha, Urban Survival, The big picture, banks implode, the financial times,
ATL today but instead maybe y'all should go read for yourselves.

149 Hey that unemployment number will go up next month--I was laid off Tuesday (along with a few thousand others) from a major pharmaceutical company.

Funemployment! More time to cruise Ace of Spades

150 "136

Curious,

Imagine if those little girls had the power to tax and controlled the DOJ. Would ignoring them have been an option?

Posted by: Johnathan E. at October 22, 2009 02:35 PM (dQdrY)"

This is by far the most unsettling thing I've heard said all day. 

151 Head games.

When they start to pass out money ahead of the mid term elections, they don't want it to seem like anything but a real economic up turn. They are planting the seed of that deception now.

152 No worries, Wall Street sez we are in the greatest recovery in the history of history.

153 Waddayou talkin' about Willis??

Posted by: GregInSeattle at October 22, 2009 02:41 PM (B5cM9)

Gold EFTs, etc. use a fractional reserve system just like banks.  If no body asks for their physical gold, why not sell it multiple times?  If I have 100 ounces of gold on hand, I can sell 1000 ounces.  If you go into metals, get physical.

154 The average duration of unemployment is at a record high too. 26 weeks.

155 Posted by: Herr Morgenholz at October 22, 2009 02:46 PM (5aa4z)

Just heard recently where someone asked for the physical gold.  He had a tough time getting it and when he got it the serial numbers did not match what was on his certificate.  He decided to just take it and not ask and then to ask everyone if that was the right course of action or should he have demanded his serial numbers

156

Posted by: kmiller1k at October 22, 2009 02:44 PM (n5ruu) -

Sorry to hear that. Hope you're not going to think it's my fault 'cause I refuse to do things like get flu shots. Colloidal silver baby. Hasn't failed me yet.

157 Unemployment? What's that?

158

Hey that unemployment number will go up next month--I was laid off Tuesday (along with a few thousand others) from a major pharmaceutical company.

Yikes, I thought pharma was doing well. What state is this in?

159 #158. Probably NJ and they will re-elect Corzine.

160 Posted by: flenser at October 22, 2009 02:49 PM (ueW4L)
novartis reported today, you can find a transcript of the call on seeking alpha.

161

Obama's personal stash?

The good Hawaiin stuff

162

Off topic but too good not to share.

Check out Pence on the floor today. He basically told the MSM to get bent. That talk radio speaks more conversatives than the MSM speaks for anyone. It was a thing of beauty.

What's the female equivalent of a thrill up one's leg??

163 No worries, Wall Street sez we are in the greatest recovery in the history of history.

So why is it that when there's bad news (initial jobless claims up) the market goes up?

164 I have some physical gold, but not much.  No EFTs.  Thanks for that tidbit, good to know going forward.

What about gold-mining stocks?

165

Yikes, I thought pharma was doing well. What state is this in?

I understand the K-Y Jelly lines have been working double shifts........

166 156 Sorry to hear that. Hope you're not going to think it's my fault 'cause I refuse to do things like get flu shots. Colloidal silver baby. Hasn't failed me yet.

Thanks teej. Strange feeling to not work. Bigger question--have you turned blue yet?

167 "159 #158. Probably NJ and they will re-elect Corzine.

Posted by: Winston at October 22, 2009 02:50 PM (FggW0)"

I am so tired of the crap that goes on after these elections, the "I didn't vote for him, did you?"  "no, I didn't vote for him, did you?"  "not me, I didn't vote for him, then who did if we, all three didn't vote for him, cause he sure as heck won."  After the fact no one wants to admit to voting these guy into office.

168 So why is it that when there's bad news (initial jobless claims up) the market goes up?

'cause they know business will now throw even more bodies out the window and  become profitable sooner.

169 Just heard recently where someone asked for the physical gold.  He had a tough time getting it and when he got it the serial numbers did not match what was on his certificate.  He decided to just take it and not ask and then to ask everyone if that was the right course of action or should he have demanded his serial numbers

Posted by: curious at October 22, 2009 02:48 PM (p302b)

That was Merrill Lynch, and they lost a class action suit and had to pay several million in damages, unless it was something different, not that it matters.  I know in the Merrill case the investor merely asked for the serial numbers for insurance purposes.  Guy on the phone said "Uh, uh." And that was that.  A few months ago, China requested gold being held for them in London to be repatriated. The Brits had to scurry like morons to find some gold.

170

What's the female equivalent of a thrill up one's leg?? -

It's called a "dream of teej".

171 An alternate view is that we are going to enter a period of deflation before inflation per the Elliot Wave theorist.  If you look at the Dow Jones since 2001, we have been in a depression. The current bear rally may falter within the next month.

Price of oil is going up not from demand but becuase the dollar is falling in value, it is a false trail. When people lost faith in the stock market and sell off, the dollar will become strong again. So, stay in cash (US, Switzerland, New Zealand and Singapore) dollars wait for the deflate then buy the best assets)

172

145 OT - Gawd, I'm starting to hate Google.

Yahoo is good.  Bing is better.  They don't filter their search results based on ideology.

173

So why is it that when there's bad news (initial jobless claims up) the market goes up?

Merely rising at the pace of the dollar's decline.  Classic inflation hedging.

174 Mike H, the Urban Survival Guy is a big eliot wave guy. 

175 What about gold-mining stocks?

Posted by: GregInSeattle at October 22, 2009 02:51 PM (B5cM9)

KNOW THEIR BOOKS!!  Barrick Mining, one of the big ones, recently had to take a little charge against earnings. (Mere 5.9 Billion).  Seems they were selling gold on the futures market that was 900 feet underneath them and stuck in the rock.

176

Thanks teej. Strange feeling to not work. Bigger question--have you turned blue yet? -

I know the feeling. And don't know if it was sarc but if the blue question was serious, nope. And you have to seriously screw up for that to happen. Maybe you've heard that you can't always trust folks like the FDA and other alphabet soup govt. orgs.

177

 When people lost faith in the stock market and sell off, the dollar will become strong again.

Not with trillion plus deficits as far as the eye can see.  The dollar is going to get hammered to the earth's core...

178 Romer said spending so far has saved or created 600,000 to 1.5 million jobs

Wow, that gives a Standard Deviation of ~636,000.  Such precision and knowledge about what these people are claiming to do!

179 Posted by: Herr Morgenholz at October 22, 2009 02:56 PM (5aa4z)

Agnito Eagle?

180 Wow, that gives a Standard Deviation of ~636,000.

So, according to Chebyshev's Theorem, we're fucked, right?

181

Colloidal silver! That stuff's the greatest. We haven't had a cold in 6 years!!!

What, you though this was makeup??????

182 @146

He's talking about "paper" gold.  In other words, you buy "gold", but really it's just a piece of paper saying "One Troy Ounce Gold", only fancier.  Problem is, there's a fair amount of, ahem, fraud out there in the gold market.

The net/net is that if you're going to buy gold and sliver buy gold and silver, don't buy pieces of paper that say you've just bought gold and silver.

Oh, and pay cash.  Savvy?

183 How are you morons planning on hedging against inflation?

Ammo

184 Damn, I was late late late to the gold answer party!  Sorry about that, folks.

185 Is Obama going to count the embryos used in stem-cell research as "employed"?

186

Posted by: curious at October 22, 2009 02:58 PM (p302b)

I've heard of them.  Know nothing about them.  I haven't been in the equities markets since 2006, so no idea.

187

After the fact no one wants to admit to voting these guy into office.

 

I can honestly say that there are only two people currently holding political office in the entire country that I voted FOR.  One in the Senate and one in the State.

188

Posted by: DocJ at October 22, 2009 02:59 PM (dt6br) -

Savvy that Doc. Just like when you buy ammo. Not that I buy ammo. That stuff is evil.

189 Posted by: Herr Morgenholz at October 22, 2009 03:01 PM (5aa4z)

Cramer pushes them a lot.  It isn't the gold that is important, they have some other mineral that is rare, that is what is supposed to make them a good buy.  However when you buy one share at a time, you think about it a lot before you guy it. lol

190

@177 When people lost faith in the stock market and sell off, the dollar will become strong again.

Not with trillion plus deficits as far as the eye can see.  The dollar is going to get hammered to the earth's core...

From the Elliot Wave Site:

"Elliott wave pattern always trumps everything else, and as I've been telling my subscribers, the dollar's pattern is bottoming. Stories ... offer secondary evidence that the bearish trend has carried too far, too fast. We often see such stories at the end of fifth waves of higher degree: They reflect just how large the herd has become. Since nowadays everyone agrees that the dollar's bearish trend must continue, it’s worth asking -- who’s left to join it?"

191 Is it true that ebay and walmart came out and said we are going to all have a very crappy Christmas?   A co worker just said this.

192

If you think gold is too high to buy, see here: http://tinyurl.com/yh5wt9r

193 Cramer pushes them a lot.

Then for the love of God stay the hell away from it.  That guy makes palin-steele look like a fucking genius.

194 What's the female equivalent of a thrill up one's leg?? -

Damp in the cellar.

195 teej, it isn't just the gummint that tells people that you can turn blue from silver.

It's blue people

Papa Smurf

(unretouched photo)

196
Gold Gold is trading at $1.063/oz this morning and traded between $1,048/oz and $1,066/oz over the last 24 hrs.

See, even the experts recommend you make sure you're buying GOLD-gold.

197 http://tinyurl.com/yjeddl7

So, this company will hold your gold offshore in Switzerland. But, be careful, I do NOT use them and the IRS may audit you to track where the wealth was derived.

198 Did y'all get the new email from Joe Biden, apparently about the evil insurance companies.  A co worker squealed when she opened her email and there was a genuine joe biden email.  Haven't seen it though.

199 gold is too high to get into now, unless you think it's going to 1200 or 1500 (unlikely, very unlikely)

It will probably survive the commodity bubble bursting, but at this point it's only a way to keep from losing money, not for making it.

200 @199, best guess I heard is $1,100. I would not touch any metal commodity

201 Should have listen to me fool!  I'm all set on the gold front.

202 Gold, too high?  Do you really think the inflation factor is accounted for yet?  I find that unlikely.  Well, whatever, I have no savings, so wheeeeeeeeeeeeee!

203 @202, it's not that it's too high. Markets move according to social moods that are endogenous reasons. Current pricing charts show that the mood is changing.

204

Vic, you really think we'll limp along to the 2010 elections without it all coming apart?

I sure hope you're right. That might barely give me enough time to prepare to weather the storm.

205 It's all Snowe and Collins' fault.

206 10 saved or created

You lie.

Destroyed or prevented.

ding ding ding!

207

195teej, it isn't just the gummint that tells people that you can turn blue from silver.
It's blue people -

Didn't check the photo (can't go to unknown sites here at work) but I assume it's one of those folks who did 50 times what you need to that the drug co.'s and lackeys trot out to "show the dangers". Can't have folks talking about how CS got rid of their Hep. C. (like a friend of mine). The pharma's might lose out on some of those $1500 a mo. interferon sales. Been taking it for over 11 yrs just as an immune system boost. Make it myself for dirt cheap. Guess how long it's been since I've had the flu or tonsillitis etc. Sorry about the hijack but I love my fellow morons.

208

Elliott wave pattern always trumps everything else, and as I've been telling my subscribers,

Anyone that has "the secret" doesn't need subscribers.

Here's the fundamental truth--we're in uncharted land when it comes to the kind of debt we're laying on and I'm only talking about the federal level.  Half the states are basket cases and have even less will power when it comes to spending (Exhibit A: California).  Bernanke can't management this mess with incremental interest rate and money supply changes.  Also, please EVERYONE remember that the projections from CBO and the White House were both overly optimistic on growth.

If the Crapulus really has exhausted its effects, we're going to bump a long the bottom for a long time.  And the deficits are just going to get worse. 

209

Barry's pay commisar speaks:

Oct. 22 (Bloomberg) -- The Obama administration’s special master for executive compensation said the pay reductions he demanded at seven taxpayer-rescued firms should become the model for the rest of Wall Street and corporate America.

“I am extremely sensitive to the public outrage,” the Treasury Department’s Kenneth Feinberg said in a briefing today in Washington. He said he hoped his focus on lowering cash salaries in favor of stock awards will be “voluntarily picked up in the marketplace.”

All of our rubles belong to Barry.

210 #203, no, unless Obama really is as advertised, inflation will be in the high single, or low double figures fairly soon.  And at that point.  As soon as inflation starts it's ascent (say, 4-5%), I can't imagine gold not going to $1500-2000--easily.

211 Here's the fundamental truth--we're in uncharted land when it comes to the kind of debt we're laying on and I'm only talking about the federal level.

Disagree.  It's been done many times.  Germany, Argentina, Zimbabwe, Hungary.....  When government budget deficits hit 40% of total spending, hyperinflation becomes a severe danger.  We're at 41.7%.

212 I'm gonna guess it was about 10 years ago, my stepson (who will now remain nameless) came into about 400K when his dad died. He was about 10 yrs. old. We went to talk to an investment counselor (local big shot guy). Told him we wanted to put it into gold and Timothy Fund type stocks. He basically said gold was a lousy investment 'cause it's too easy to find and refused to be restricted to stocks that stayed away from booze, gambling etc. We went somewhere else. Gold was about $275 oz at the time. 

213 @208, not to be too argumentative,  there are historical precedents for the current market condition:

1. Gouda Tulip Bulbs
2. South Sea Company
3. Electrical Euphoria of 1835
4. Commercial Air and Radio Technology Peak in 1940s
5. Nifty Fifty in the 1970s
6. Tech Bust in 2000

214 Because I am a no spin zone (lol), I will posit the theory I have, admittedly not fully thought out,  that the US can sustain much higher debt levels because, on some level(s) much, or most of the world is operating as a single economic unit...it's just an idea...haven't worked out the details, or if currency exchange rates are the flaw to the theory.

But the question I really have is: how is it that inflation is not already higher than it is? Or, should I expect new breaking news?

215 But the question I really have is: how is it that inflation is not already higher than it is? Or, should I expect new breaking news?

It is higher.  The CPI numbers are bullshit.  Watch the commodities markets.

Why is it not much, much higher?  Because for now all that toilet paper from Helicopter Ben's magical shit-paper factory is sitting on the books of the banksters, offsetting their worthless MBS, CDO, derivatives, etc.  It won't stay there forever.

216 When the economy finally starts to come around, isn't that the time to worry about inflation?

217 to add to remark 213, we are in the middle of the downside of the Tech Bust of 2000, just a bear rally

218

Vic, you really think we'll limp along to the 2010 elections without it all coming apart?

 

Yes, I think we can as long as enough of those scared Dems from Red States hold the line. That is not to say we will not have pain and suffering a manner as bad, if not worse, than the Carter years.  That is IF the Dems lose control of the House and Senate.

 

If they maintain control of both houses I don’t think we can survive the full 4 years of the Obama Communist Party regime.

219 @216, I would just caution investors to be careful. What comes first, inflation or deflation? You're investment strategy is different depending.

I know Cramer is a hose-nozzle but one thing I learned from him is to watch your investments. Do not depend on anyone else.

220

Speaking of inflation and the “Carter years” I am reminded of a quote from Guns and Ammo magazine from that time frame when speaking about inflation.

 

Paraphrasing from memory: “What is this inflation that people speak of?  We have no inflation. When the model 94 Winchester was initially sold you could buy one with a 20 dollar gold piece. You can still buy one with a 20 dollar gold piece”.

221 I collect coins anyhow, so I think I'll just buy some gold  and silver coins. 

222

Posted by: Vic at October 22, 2009 04:03 PM (CDUiN)

In ancient times, a gold coin bought about 300 loaves of bread.  Bout right.

223 I wonder what Dum-Dum would have said about this?   

224 That jobs-saved shit just never gets old with these guys.

225 I am coming to save the day!

226

A top White House economist says spending from the $787 billion economic stimulus has already had its biggest impact on economic growth and will likely not contribute to significant expansion next year.

It didn't work this year either dumbass.

227

Not to get all wonkey, but one of two things can happen at this point.

1)  The maroon dots peak and rapidly sweep down toward 4.5%.  Good for USA, bad for GOP.

2)  The maroon dots roll gently higher before slowly drifting down to 6.5 and eventually finding 5ishness.  Bad for USA, Bad for Obama.

228 126

I think I could shoot him if he was inside my house.   He's outside, crapping on the grass and blaming the neighbor's dog while siphoning the gas out of my car and telling me how he's greening up my lawn while he saves the world from climate change.

Somebody voted for him.  I want names. 

Posted by: MarkD at October 22, 2009 02:27 PM (MMy4A)

 

Won't do you any good. 3/4 of them are already dead.

229 You all are crazy.  We're working double shifts.   This bill is the best thing which ever happened to our business. 

230 The 'Stimulus' has DONE its job... It has killed short term capital resources available to enact a proper, tax-rate based economic stimulus package where the Bush tax cuts would not sunset, and a broad corporate income tax rate cut (based on company employment) could be enacted...

The Dem's have been screaming about a depression since 2003, and since 2006 San Fran Nan has driven us right into the abyss

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