Haven't written here since the debt ceiling compromise was passed. I don't like the deal, but it passed. Big whoop. Really, it's about the best congress could do, given the number of socialists voting there.
But apparently the markets don't like the deal, either. The Dow has been on a losing streak for a couple of weeks now. It lost over 300 points today, not unusual. Jay Carneybarker says that it's probably due to the Japanese tsunami. Yeah, I'm sure Wall Street just heard about that, and all the traders are on tenterhooks awaiting the outcome.
Watched a brief man-on-the-street thing yesterday, a reporter going around New York City, asking people what they thought of the debt. Predictably, many people asked, "What debt?" The reporter asked one guy, "Do you know how much the national debt is?" The man answered, "Fourteen billion." The reporter said, "TRILLION." The man-on-the-street's eyes got real big and he noted, "TRILLION? Damn, that's crazy!"
Yeah. But apparently not frightening enough to the jerks in DC to actually do anything about it.
Putin called the U.S. "parasites on the global economy" or something like that. Well, he oughta know.
Pazzo Pelosi was on TV, too, a couple days ago, whining about how the debt deal "Tied our hands so we can't create jobs." This is such a stupid comment I should just let it go, but...
Look, once again, Pazzo, the government doesn't create the kinds of jobs required in a free market system -- or in any viable and productive human system at all. When the government creates a job, it creates more debt, because it's got to pay the worker. Got that? That's non-productive. That's just treading water. That's totally useless. It doesn't boost or stimulate or support much of anything.
The only jobs that help the economy are those created by private industry, because private employees actively create wealth through their productivity. But with Obamacare hanging over our heads, the threat of increasing taxes when the "Bush tax cuts" expire, ongoing mortgage crisis in the banks, the fed sucking up all the capital, Big Labor working tirelessly to jack up the cost of labor and over-regulate corporations, etc.... any new-hire employee would have to bring in a truckload of money to justify the cost of hiring him or her.
So no one has any money to spend. No need to produce much. No need to hire anyone. The economy gets sucked into a downward spiral. Circling the drain, you could say.
Socialists just don't get it. They really believe in Santa Claus, or manna raining down from heaven, or something like that. Ultimately, they place the "full faith and credit of the U.S. dollar" into the hands of the guys who run the printing presses. And paper dollars with nothing of substance behind them are just kindling, basically.
I'm pretty sure the market/economic "peak" of last April was the result of the Fed pumping lots of worthless paper bills into the economy. That creates inflation, prices go up arbitrarily. People complained, so they stopped. So the markets decline back to where they were.
Oh, and it was the Comrade's birthday yesterday. Another chance to party and raise funds for his campaign. Glad he found something he can do right to keep him occupied. And he says he's working non-stop trying to create jobs.
You know, that's exactly the problem. Get the hell out the economy and we'll be just fine. It's all the government meddling and regulation that's driving economic collapse.
How can anyone fail to see that anymore?
'Course then there's the ditzy blonde from Pepperdine or someplace who was on Cavuto last week, asking, "The corporations have all this money. Why don't they hire people?" Demonstrating such a monumental lack of information... if I were Pepperdine, I'd re-consider her tenure. There is a major, major difference between "corporation" and "charity."
Save the Republic.
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