unimpressedpragmatist

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  • Obamamania vs. Reality Bites: Tensions Establish Historic Short Window
    Obamamainia? More like Obamanation! The man is clueless and completely over his head. He is, as was mentioned in the campaign, an empty suit. His confusion as to "What do I do now that I'm President?" will be the impetus to drive the world into another Great Depression.

    Obama proved his inadequacy in filling the role of President by appointing many, many Clintonistas to his administration. The 64 million idiots who voted him and the ignorant Democrats into office will never realize their error or their stupidity. It takes a logical and pragmatic person to admit the error of his ways and take corrective action. If these groupies had these qualifications, John McCain would have won in a landslide and many of the Democrat know-nothings in the Congress would be seeking employment in the private sector.

    The coming economic catastrophe can be laid at the feet of those who vote emotionally and seek Nirvana (64 million of them). I doubt there is enough bailout money in the universe to right the Ship Of State and heal the economic crisis created by the Democrats (can you say sub-prime?). Add the socialist agenda of Obama, along with his huge tax program, and disaster is assured.

    I wonder how the liberal media will justify their meddling and propaganda blitz of 2008 that had a significant part in the election of the clueless. Then the may not be around much longer. The bankruptcy of the Tribune organization is just the tip pf the iceberg as subscribers are voting with their feet. The New York Times is in desperate straits, also. In TV, MSNBC, CNN, and NBC are, also, teetering on the verge of collapse as their single dimensional programming is and cheerleading for Obama is catching up to them.

    We may not make it as a free and democratic nation to the 2010 elections. But if we do, we had better be ready to toss the stumbling, fumbling, and bumbling Democrats out on their fat butts. In 2012, we must send the Marxist back for rework and elect a conservative to lead and heal the country. Otherwise, the Dark Ages will re-emerge in America.
    Dec 11 02:30 am |Rating: +1 0 |Link to Comment |View article
  • Will the Fed Actually Raise Rates Next Week?
    A question for the serious investor in today's economy is: How much of the market turmoil is based on reality and how much is self-fulling prophesy?

    As has been indicated by several respected sources, most of today’s stock market collapse can be laid at the feet of ETF’s. Those computer driven programs may be wonderful in an upward directional market but when things are unsettled, these programs cannot think, logically. All they are capable of doing is to react along pre-determined programming. Small and independent investors are unable to bring reason into the market and, thus, it moves in extreme and devastating directions at a pace that defies understanding.

    Until things settle down, I recommend that ETF trading be suspended for an indefinite period. The next major move should ban, permanently, the addled brain politicians’ ability to interfere in the market and business decisions. Let things follow their natural course and allow the chips to fall where they may. Didn’t we learn a thing from the incompetent and brainless interference in business activity by FDR and his fellow socialists in the 1930’s? They took a normal 12 to 18 month disturbance and turned it into a nine-year depression. Left to their bungling and intervention, today’s Washington lamebrains will duplicate this stupidity. After all, they’re Democrats, aren’t they?
    Nov 22 13:42 pm |Rating: 0 0 |Link to Comment |View article
  • Economy Loses 240,000 Jobs in October, Defines Obama's Challenges
    If you think things are bad, now, wait until Obama and the Democrat Congress get rolling in late January. With their promises of high and higher taxes, destruction of investment capital and incentives, big government, redistribution, bailouts, draconian cuts in the defense budget, refusal to drill off the coast, dream schemes concerning alternative energy, opposition to increased nuclear power plants, stupidity in foreign relations, programs to combat non-existent man-made global warming, FDR type anti-depression programs that failed then and will fail now, unrestrained socialism, and God knows what else, be prepared for the quick onset of world wide-depression and massive unemployment. And, that’s just in January and early February!

    Once more, in their cluelessness and refusal to deal with reality, the American public has allowed themselves to be conned into believing in will-of-the–wisp solutions to complex problems. And, once more they will pay a horrendous price for their ignorance and believe in fairy tales from politicians.

    God help the American people for they cannot help themselves.
    Nov 09 12:03 pm |Rating: 0 0 |Link to Comment |View article
  • Will the Fed Actually Raise Rates Next Week?
    Washington, as usual, is ignoring We the People. I thought McCain and the Republicans were fighting for us. Instead, it looks as if they were fighting for their piece of the pie.

    The, only, thing that appears to have changed is that the Treasury will have the funding parceled out to them instead of in one lump sum. And, the taxpayers will be stuck with a lot of worthless paper and a huge debt.

    We the People MUST flood Congress and the White House with emails, faxes, and telephone calls expressing our anger and intent to throw everyone, both parties, out of office in November. Then, we MUST do it! Otherwise, the beat goes on and we continue to suffer.

    Bottom line: They are all a bunch for corrupt, self-interested, incompetent fools and are not worthy of our trust or our support. NO on everyone in November.

    When the economy is debated by McCain and Obama in a few weeks, listen carefully and decide which one is more likely to serve this nation and We the People's interests - Not theirs and their Party!

    Remember, Obama is pushing a Marxist agenda that will bring disaster to the economy and the investors with their IRAs. 401-ks, and Roth’s. Vote, accordingly.
    Sep 28 13:09 pm |Rating: 0 0 |Link to Comment |View article
  • Which Improves First - The Stock Market or the Economy?
    The market will continue to seesaw as long as the price of oil remains at its present highs. The economy will be stagnant or depressed under the same conditions.

    If the electorate wakes up to the fact that the Democrats in Congress, or anywhere else, are incompetent and totally clueless and sends them home in November, things will change, quickly. Under a Republican majority with a Republican President, Drill Here, Drill Now will be enacted and oil prices will plunge. The market and the economy, in tandem, will take off.

    However, if the voters cling to outmoded ideology, ignore reality, and retain the clowns, the market will plunge to record lows and the economy will slip into depression, not recession.
    Sep 01 08:41 am |Rating: 0 0 |Link to Comment |View article
  • Will the Fed Actually Raise Rates Next Week?
    Big deal! I can get better yields at my local bank with a 4 to 7 month CD.
    Sep 01 08:30 am |Rating: 0 0 |Link to Comment |View article
  • Will the Fed Actually Raise Rates Next Week?
    This article is a case study in proving the old adage: "If you cant' dazzle them with rhetoric, baffle them with Bull....".

    There is one, and only one, underlying cause for the malaise that is pervading the economy, today, and it is the outrageous price of oil and the egregious greed that is driving it. When, not if, the Republicans in the Congress force the issue to a vote on their Drill Here, Drill Now, Pay Less program the cost of oil will plummet below $70 and all will be well, once more.

    As to the Democrat nonsense of 10 years before oil starts to flow, this is more Bull...! Those companies in the business of erecting oil drilling platforms over water and drilling are promising that oil will flow from coastal waters within 12 months or less. The ANWR will take, about three ears before oil flows. And, with the abundance of such oil on the market, American energy independence will become reality and all the associated cost will stabilize at reasonable and affordable levels for, at least 50 to 100 years.

    With that much breathing room, nuclear power plants will be built, coal technology will be utilized, and hydrogen power will come on line. As an added bonus, Iran will lose its clout as a terrorist nation and will collapse. With Iran, will go the terrorists who depend on it for funding. They, too, will fade into history.

    This is a scenario that does not require charts and rhetoric to dazzle and baffle. It stands on logic and a readily apparent conclusion. Analysts with a living to make will never accept it.
    Aug 14 15:22 pm |Rating: 0 0 |Link to Comment |View article
  • Will the Fed Actually Raise Rates Next Week?
    Re: Will the Fed Actually Raise Rates Next Week?

    More proof of the incompetence of the FED and its detachment from reality. When you recruit your economists and financial experts from academia, you doom yourself to the inanities and unrealistic solutions of stupefied mental processes and theoretical computer modeling based upon inadequate data and unproven suppositions.

    Didn't our government learn anything from the disaster of Alan Greenspan? Remember, he caused 7 recessions with his blundering. Are Bernanke and company determined to top this record of incompetence by creating a worldwide depression?

    Jul 30 14:52 pm |Rating: 0 0 |Link to Comment |View article
  • Historic Financial Collapse Underway?
    The economy will experience a miraculous recovery when the price of oil falls to reasonable levels. Then, all the pundits, analysts, and politicians will proclaim how they solved the problem. Over time, even more nonsense will emerge from these and other sources of, in their opinion is, profound wisdom.

    The market place that encourages egregious greed is now, and always will be, the source of economic unrest and destabilization. Until we ascertain how to control this without damaging capitalism, we will, always, be in danger of the debilitating effects of outrageous avarice.

    All other opinions are just an excuse to make a living from, apparent, wisdom and insight. Simplicity resulting in real insight will never be in vogue. Otherwise, all those who blather about things they obfuscate with excessive verbiage would have to get real jobs.

    The market place that encourages egregious greed is now, and always will be, the source of economic unrest and destabilazation. Until we ascertain how to control this without damaging capitalism, we will, alwasy, be in danger to the debiliating effects of outrageous greed.

    All other opinions are just an excuse to make a living from, apparrent, wisdom and insight. Simpiicity resulting in real insight will never be in vogue.
    Jul 20 11:59 am |Rating: 0 0 |Link to Comment |View article
  • CreditSights: Guardedly Optimistic About U.S. Loan Market
    Until the egregious greed of bankers and lending institutions is restrained, the housing market will continue to fall, credit card defaults will continue to soar, and the economy will continue to stagnate.

    The current practice of gouging the consumer with 6%+ mortgage rates on 30 year mortgages and 12% and much higher interest on credit cards will drive the credit worthy from the market place. Bankers and finance companies will continue to be saddled with bad and non-performing loans as those who can service mortgages and credit card debt will sit on the sidelines.

    The banking industry will never learn that gouging coupled with easy credit is a path to disaster. But then, bankers have never been known for their intelligence nor have they ever learned to control their greed.

    Optimistic predictions are no substitute for common sense and reputable business practices.
    Jul 05 14:49 pm |Rating: 0 0 |Link to Comment |View article
  • How Much Inflation Will We Have to Endure?
    I have to agree with CLH's comment on this article: “An entire page of wrongheaded myth and negativity." As with most so-called experts who write for various and sundry media outlets, the author suffers from verbosity of the pen. Much ado about nothing.

    To keep it short and simple, inflation is based, today, on one overwhelming fact: the price of Oil!! Until we get this under control and down to a reasonable level, inflation will continue to escalate. Additionally, until we clean out the gang of 535 that occupies the Congress and screws up everything they touch, nothing of significance will happen in the war on inflation.

    The American electorate has the power to begin this task in November by voting-out the entire House of Representatives and a good portion of the Senate. However, the replacements had better understand the mission they will be charged to accomplish by We the People and get to work on it when they take office in January 2009. Significant progress on energy independence must be completed by March 2009. If we are to dig out of the mess that the Democrats have manufactured since taking control in 2006, we must start in November.

    Although, the Republicans in Congress have been ineffective since 2006 (some would argue long before that date) they are starting to stir, once more. They are stopping the programs of the Dems to join the nonsense of the global warming wackos and the kowtowing to the UN wonks. Additionally, they are pushing their program of “Drill Here, Drill Now!” and are attracting the support of the vast majority of the citizenry. If they stick to their guns and make significant progress, we may allow some of them to remain in place in November. If not, out they go!

    One last point. The author of this article, Marvin Clark, bemoans the expenditure of billions of dollars in the Iraq War. Tell me, Mr. Clark, how many billions would be spent if the terrorists were able to, directly, attack this nation? As with the liberals who oppose the war, your insights and criticisms are too narrowly focused and completely disregard the consequences of your proposals. I believe a high colonic would work wonders on clearing your vision.

    Jun 15 14:27 pm |Rating: 0 0 |Link to Comment |View article
  • Fed Funds Futures Predicting Strong Chance of September Rate Hike
    Raising rates, lowering rates, etc. is a sure indicator that our government does not have the faintest idea of how or inclination to deal with the real problem affecting our economy: OIL! Until the Democrats in the Congress are routed out and replaced with knowledgeable, honest, insightful, non-political office holders who know what has to be done and have the intestinal fortitude to it, the circus and roll-a-coaster effect will continue, ad infinitum, ad nauseam.

    Drill Here, Drill Now is an attractive and effective beginning. The Congress and the President have to tell the wacko environmentalists, who receive much of their funding and support from sources that are antagonistic toward the United States and wish to see it weakened and destroyed, to take a very long hike off a very short pier over Niagara Falls. Until we establish energy independence in this country, our economy will continue to seesaw and slide, ever, downward. Manipulation of interest rates to give the illusion of control is just that, an illusion.

    In November, the American electorate has to put aside their long held belief that their Congresspersons are honest, intelligent, and have a plan to save this nation. Nothing could be further from the truth. In reality, they are all corrupt, incompetent, clueless, and, in many cases, stupid (Nancy Pelosi, Barbara Boxer, and Harry Reid come to mind).

    The first step to regaining access to the path that leads to the greatness we achieved in the pass is a complete and total housecleaning of the Congress. Step 2 is the election of non-careerists who have the mental faculties to right the Ship Of State and plot a new course that will lead to energy independence, a stable and growing economy, military dominance, and sensible policies for the present and the future. Nothing else will work or is worthy of consideration. Otherwise, goodbye USA, hello UN.
    Jun 13 11:35 am |Rating: 0 0 |Link to Comment |View article
  • Bankruptcy Reform Act Finally Blows Sky High
    I have long maintained that bankers are egregiously greedy and profoundly stupid. The whole subprime lending fiasco bears out my contention. Additionally, the much heralded, by bankers, new bankruptcy law is the icing on this cake.
    May 30 14:17 pm |Rating: 0 0 |Link to Comment |View article
  • Hardball in Vallejo, California
    If you think the Vallejo is bad, you should take a look at neighboring Contra Costa County. There the Board of Stupes, literally, gave away the store and treasury to the County employees' unions. And, now, they are experiencing a growing deficit of tens of millions of dollars with no practical solutions in sight. Currently, they are, drastically, cutting County services to education, social programs, mental health, and shut-in seniors. This cutback will have little to no effect on the deficit and bankruptcy is looming in a very large county.

    How is the electorate responding? In November, they will march in route step to the polls and re-elect the same stupid and corrupt politicians back into office. They will, again, prove that the basis of all government problems lies in the utter cluelessness and disinterest of the voters.

    Have you noticed how the voters rail, curse, and foam at the mouth about government incompetence and stupidity and then re-elect the same crowd to office, election after election? Until the American public awakens from its self-imposed somnolence and throws out their corrupt and useless office holders, the problems will, only, get worse. Will this ever happen? Remember what H. L. Mencken said: "Nobody ever went broke underestimating the intelligence of the American public."


    May 09 14:09 pm |Rating: 0 0 |Link to Comment |View article
  • Market Outlook: Watch Out, the Signs Can Be Deceiving
    The market has long been manipulated by the power house moguls at the exense of the little investor. It was true in 1929, throughout the 1930's, in the recessions of the 50's, 70's, 80's, 90's, early 2000's, and today. The rich get richer and the rest get screwed! "Plus ca change, plus c'est meme chose".
    Mar 23 14:25 pm |Rating: 0 0 |Link to Comment |View article

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