Sunday, March 21, 2010

He Blew It On Health Care

Don't say I didn't warn you. Way back on March 6, 2009, I told you he was going to blow it... and as we race towards the dawn of a new day, the sky is darkening with the threat of a health care Bill passage that has kept the entire nation on pins and needles...

And I can finally say... HE BLEW IT!

Every single politician that votes YES today -- shame on you. Some of you even admit it's a bad Bill, but you're voting in favor because it's a start. A start? A START?!?? Good Heavens -- EDUCATION in this country must really SUCK bigtime if these are the brightest bulbs we can find to light the way to our future.

I bet you think this post is all about the Health Care Bill about to be voted on, right?


I warned you last March.

I warned you last May.

I warned you last June.

I warned you yet again last July...

If you listened, you've stockpiled your cash.

Keep doing it.... but do MORE of it... and FASTER!!

You see, the REAL numbers are out with respect to GDP, Unemployment and more; and they're very, very ugly!

Companies are, RIGHT NOW, in a state of contraction. Real unemployment touched within a hair of the 22% mark, followed by a slight dip, and is again on the rise. Taking out the Government gimmicks, February inflation was actually estimated to be 9.4% (not the 2.1% CPI-U). Take inflation out of the mix and those small increases in Retail Sales don't look like the picture they've been trying to paint, do they? The fact is, Retail Sales have been bottom-bouncing for quite a while now. If the REAL numbers are important to you, then you will want to pay for a subscription to this newsletter. No, I don't make a cent for referring you to it.

And all of that is the BRIGHT side.

Here is the DARK side.

It's Defcon 4 for some of the largest States with respect to deficits gone wild. Liquidity is a growing problem for many banks as well... with several more banks at or near being closed in the months ahead.

Foreclosure numbers in residential Real Estate appear on the surface to be leveling off... but if you think something is out of sync since Default numbers appear to be climbing, you might be in agreement with this brave reporter. Can you even trust the foreclosure numbers?

And what is really happening in Commercial Real Estate? It was projected in May of 2009 that... "...the most dangerous time for banks will be 2010 to 2013 when $1 trillion in commercial real estate loans will mature..." What? No follow-up? Why are the media so silent on what's going on in commercial real estate this year?

Take a quick glance at the global picture for a moment if you dare. Remember that global summit where newly elected Obama made the plea for other countries to join him in pushing more money into the system? Well, the impact in the form of a credit bubble has formed in Canada... but that's the least of the problems out there. Here is a quick snapshot of the Greece, China, etc. "global recovery" at the moment. I guess that sorta proves you can't "just throw money at it." Interestingly, it seems Germany doesn't agree with the redistribution of wealth thingy.... at least, not when it comes to their country having to bail out some other country.

There's more... much darker... we're already entering the edge of that valley.

But let's go back to the Health Care Bill...

I was watching C-Span between 1 a.m. and 4 a.m. with respect to process and the additional amendments that were brought forth to discuss on the floor during the big VOTE coming today, and I gotta tell 'ya, the Party of NO was all Democrats with respect to fairness in the process, transparency in the voting process itself, and common sense additions, removals, and/or repeals in the Amendments put forward.


Amendment suggested (paraphrased): "...that all revenues generated for social security via payroll tax increases be kept in Social Security and not used for other purposes." All Dems voted NO and all Republicans voted YES.

Amendment suggested (paraphrased): "...that all revenues and or savings generated with respect to Medicare be kept in the Medicare budget to offset deficits." All Dems voted NO and all Republicans voted YES.

Amendment suggested (paraphrased): "...that small businesses and minority-owned businesses generating under $500,000 per year be exempt from the employer mandated health insurance clause." All Dems voted NO and all Republicans voted YES.

And it went on and on and on...

In fact, the Democrats have been the Party of NO ever since Mr. Yes-We-Can moved into the Whitehouse. They said NO to having any Republican involvement at the beginning of drafting the Health Care Bill, they said NO to having any Republican representation in the "behind closed doors" discussions and bartering, they said NO to having C-Span cover the debates, they have been saying NO quite a bit, don't you think?

And now they're getting ready to push this country off a very steep cliff.

It's already too late to save the economy.

We're about to go through some excruciating pain in the months and years ahead.

He BLEW it!

They BLEW it!

He could have been a hero. What an incredible missed opportunity!!

The freaking nimrods wasted an entire year playing patty-cake with a piece of legislation that will be the final straw on the limping economy's back. What could have been a molehill is now a mountain, and thanks to this junk legislation, the peak of the mountain is now higher than the highest on this planet.

Think it's not going to happen?

That's fine.

You're entitled to your own opinion.... and good luck with that.

But, consider this...

If you ran an independent FULL audit of the Federal Reserve -- right now -- today -- don't you wonder how much money has been funneled into the Pump and Dump scheme in order to get enough "Stupid Money" back into Wall Street? How many key players have set themselves up to rule the world that will come out of the destruction we surely face right now?

It's beginning to look like the main reason Obama doesn't want you to go to Vegas is because, in my very humble opinion, it most likely will be the only long shot left for rags to riches stories in this country...

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