Folks, I think the word DESPERATE is too mild a word to describe what many Americans are feeling about their current situation.....and it seems like no end in sight.
If all that has been done is puff back up the banksters to give illusion crisis has past, if they can puff up their chests and lie to your faces by telling you how many jobs were saved and created by the "RECOVERY AND STIMULUS ACT" and think any kind of jobs bill would be more than playing to the camera, hope you thnk they are actually doing something......I feel your pain....what's on the menu for tonight....
What has washed thru and is still happening in the residential side is now starting to tear a new one to the commercial side, empty store, deliquent rents......bust outs....raining down on the alreay probably insolvent banking sector...either too scared on not sufficiently capped to lend....or not enough wanting the money and or who will qualify to the tightened standards
All of which along with contracting consumer loans, banks loans of all kinds.....this my friends, what we have here is not the backdrop for sustainable anything cept PAIN!
Banks have impression of health by being allowed to keep lossed off the books as mark to market was dropped by the GAO....how convienent. This helped to allow along with TRADING (not lending) PROFITS Banksters paying themselves near record bonuses.....when they thought you were no longer paying attention they stopped telling the banks you can't do that.
Not a single person has been convicted of any crime, is that amazing or what? This WAS the crime of the century....and all the losses foisted onto the American public.
Businesses, small businesses are drying up and have no access to capital, no wonder few real jobs being created.
You should have seen my chart on housing, my goodness after all the gov incentives and low rates of a lifetime have induced much of a recovery....it shows you the stimulus and other BS gov attempts to right the ship can't even bail out a bucket of water.
In the darkness, like the dead bodies shipped backed in silence from the war zone, suffering out of work, no hope Americans huddle in desperation.....sharpening their pitch forks maybe....
Autos not leading us out, housing not leading us out, capex spending not leading us out, the next great thing like the internet or housing bubble not leading us out, repairing roads not going to lead us out, historical deficits not leading us out.....printing of money not leading us out....empty speaches and health care debate not leading us out.
Like zombies or vampires dreading the light of day.....the US CONGRESS and PRESIDENT stay indoors, lights dimmed.....getting paid no matter what.
Why don't we sell some arms to Taiwan and piss off what WAS our largest creditor and get them selling, not buying US TREASURIES just when we are going to run new histroic high insane deficits? good timing....sharp thinking.
WHEN WILL THE PRESSURE TO SELL DEBT OVERWHELM any ability to sop it up? dread the day.
Duratek
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