Earlier this morning, I noticed that the tax-cheat who now presides over the IRS, Timothy Geithner held a press conference to let the American people know that he and his boss-man, Obama, are not done spending our money.
No. In fact, we can look forward to a second TARP spending bill — also in the neighborhood of $1 trillion dollars. You know….you start adding billions after billions after billions of dollars of spending to these pork-fests, and before you know it we’re talking about real money…
I guess the nearly $750 billion we paid for the first TARP bill a few months ago didn’t quite do enough stimulating either…
Market Responds to Geithner and Obama Stimulus
But I digress.
When Geithner got up and started describing his and Obama’s plan to steal another $trillion dollars from the 57% of us who do pay taxes in this nation — I took a quick glance at the stock market.
And, just like my stomach, it was dropping. Faster than reporters falling at Obama’s feet when he walks past them.
Shortly after that, my stomach fell all the way to the floor when I read that the Crooks & Criminals in the United States Senate passed the Generational Theft Act of 2009 (61-37) — I checked to see how the markets would respond to this “stimulus” package that was supposed to make the market happy and sun-shiny again.
Did it work?
Nope. Apparently the market can find new lows….as of this writing, the market has slid -360 points so far today.
UPDATE: The market has finally and mercifully closed for the day. Down a mere -381 points since Geithner’s TARP II announcement and the Senate’s passage of the Generational Theft Act of 2009.
The markets don’t believe what Geithner and Obama are trying to pull over on us — and neither do I.
How much longer do they expect us to bend over and take it?
Thomas Jefferson wrote:
The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.
Our government is speeding in that direction. Has been for quite some time. But they’ve definitely picked up momentum.
Our Declaration of Independence, thankfully, has a remedy:
That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, that whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government
I’m not sure how much longer I’m willing to give my consent to be governed to the crooks and criminals who have become a permanent and elite ruling class in our country.
How bad of an idea is this?
CNBC, noting the market decline, leads off their story with:
US stocks fell sharply Tuesday in a broad-based decline as the government announced details of its latest bailout plan.
The Dow Jones Industrial Average was down nearly 300 points after Treasury Secretary Tim Geithner revealed details of the bank-bailout plan.
Ah, I just love it when irony writes itself.
And then:
Some market watchers remain skeptical over the benefits of the plan and legendary investor Jim Rogers told CNBC it could even make things worse. The bailout will plunge the US further into debt and it is designed by the same people who failed to forecast the crisis in the first place, Rogers said.
So is it safe to assume you now blame George W Bush for the 34% decline in the DJIA since January 2000? Funny how that works.
Only an ass would make an assumption like that, but then, it was Pat.
The DOW was at 12-13,000 when the donks, led by Piglosi and Reed, took control of Congress at the start of ‘07, and unemployment was at an historical low, of 4.4%.
Two things the jackasses are good at is job killing, and theft.
So Obama gets all the blame 3 weeks into the hangover, and Chimpy gets a pass for supervising the worst economy in 75 years because he couldn’t defeat the mighty Nancy Pelosi and Harry Reid? Only in America.
Careful Pat, you are gonna throw your back out, spinning so fast.
The worst economy in 75 years? Where did you hear that, from the Krazy Koz Kidz?
If the jackasses had acted on W’s request to reign in Freddie and Fannie, as far back as 2002, this mess might have been avoided altogether. W made seventeen requests in Aug 08 alone, for Congress to do something about the GSE’s, but Bawney, Chris, et.al., huge recipients of their campaign donations, blocked every attempt.
Here are the donks lying their asses off, covering for their personal cash cow, nation be damned.
You really should learn what is going on, instead of opening your ignorant mouth.
As for B-HO’s involvement in this, he is lying his ass off to gain as much control over production and distribution as he can. If this ridiculous Generational Theft Act gets passed, he will back for more, his top tax cheat has already said so, but since this absurd theft act doesn’t even address the toxic assets, they will want more for that. Couple that with the quiet desire to retire the Bush tax cuts early, it will be the largest tax increase in history. Want to know why the market tanked today? Investors are sitting on their money, there is no reason to risk it, if it is only going to be confiscated by a Marxist government.
Oh, this is rich.
From the foul mouth of Sen. Chuck “The Smuck” Schumer.
He really believes his own bullshit.
You forgot “lying through their teeth”.
Lying is something gay boy Pat is exceptionally good at.
This is sickening. Obama is an asshole.
I see Pat is back from visiting his non-existing lesbian daughter.
Hello Pat, missed ya lately. Hows the daughter? You and I had a go-around about a thousand posts ago in regards to chimpy and other derogatory posts in regards to our president. Turns out you are not only 1) a liar 2) a nut, but also 3) a hypocrite. Have a nice day, commie freak.
I’m not sure how much longer I’m willing to give my consent to be governed to the crooks and criminals who have become a permanent and elite ruling class in our country.
Dangerous words Robbie. Very silent out there in Google space on this thought but I know a whole lot of us have been thinking this same thing. When you go, we go…..
No wonder B-HO has been so desperate, angry even, in pushing his Generational Theft Act, the public is wising up fast. At this rate, the mid-term election will be like ‘94.
Parties Now Neck-and-Neck on Generic Congressional Ballot.
[...] a tax cheat (typical democrat), HAD to be confirmed or else this country’s economy would die. This is the same tax cheat Tim Geithner that was the “genius”, the man with the plan to fix all the things wrong in the ailing economy. Apparently, this tax [...]
Per usual. Old thieves leave office. New thieves move in. Maybe we can elect some that promise to steal less. We know that they will all cheat and steal but if they steal a little less then there maybe some left over for the average American.
There is a lot of finger pointing and name calling, but all agree the economy is hurting and something with at least a little bit of common sense needs to be done. This country has strayed so far away from the ideals our founding fathers built it on, that nobody seems to have a clear vision of what we should do. Perhaps we need to revisit their vision and try to remake this country as great as they did.