Reality; Again:
Good Morning Middle America, your King of Simple News in on the air.
U.S. NEWS: I’ve been slacking on the job and I’m reporting today from sunny southern New Mexico. The sun and a little outdoor recreation with my old Alaskan partner are recharging the brain cells. And it looks like I’m going to need it.
The financial news is somewhere between awful and really, really bad. Everything that I wrote in the article “The Old End Around Play,” is coming to us in living color.
Let’s look at some of the headlines for the last couple of days;
Big ticket orders down 5.3%, Home prices continue to decline, Toll Brothers loses some more money, Target loses some more money, Home Depot is in the dumpster, Fannie Mae loses another $3.6 billion, Oil tops $102 per barrel, Inflation continues, Stagflation threatens. I could go on, but if you read this blog on a regular basis, you were expecting all of this and you are doing something about it. Right?
If you are waiting on Barrack, Hillary or John to save the country…don’t. And for those who thought that there was even a little chance of any of the three pulling this mess together, I may as well ruin your entire day; Santa Clause isn’t real and government stupidity is.
The stock market is going up slightly on the news that a bailout for insurance companies who backed the failing sub-prime is coming along nicely. It helps that the insurers are full partners in crime with the lenders, who are associates of your politicians.
But the big news is that Ben Bernanke has said that the economy is much worse than he expected and he is willing drop interest rates lower than a snakes belly in a wagon track if that is what it takes to save his friends on Wall Street…er, I mean save the American Dream of being hopelessly in debt.
Get out there and sell something today and pay off debt. Slow down and live. Life can be good for the sane, and your King of Simple News is a sanity zone.
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Sure is peacful there in Hillsboro ain’t it. Try the green eggs and ham when you go to local cafe for breakfast. Say hi to Mark and Sher.
Red
Hey Mike, How is New Mexico? Another of my favorite states.
I have always figured that our condition(good or bad) is reflected by the questions we ask of ourselves. JFK’s “ask not what your country can do for you, but what you can do for your country” was a good one. A usual one is “where do we go from here?”. Unfortunately that question is changing to ” Do we go on from here?”. I just saw a headline that Bush says we are not headed for a recession. Boy, doesn’t that send chills down your spine? I really wonder what has to happen before he will accept the recession we are already in? My worries are in the strange activities that he has been up too over the last 6 or so years. His Signing Statements and Executive Declarations have been suspiciously like A. Hitlers. Halliburton has been building what are basically concentration camps in the southern states. It does make one stop and wonder what he and Cheney have planned. Will they use the recession/depression as an excuse to declare martial law or create their own disaster as a pretext? I have seldom if ever bought into conspiracy theories but this does raise more questions than usual. The very fact that neither Bush or Cheney have been backing anyone for 2008 until McClain took a major lead is suspect. From the Iraq war to the rough handling of Congress his actions have mimiced ancient Rome before it fell, Germany before WWII, and even Darth Sidius in Star Wars. Star Wars would be just the kind of story that Bushy would love to follow. I think paranoia is one of mankinds greatest and most deadly diseases. Whether it afflicts world leaders or folks on our level it’s results can be very bad for living things. O’well, enough of my worries. Have yourself a great time in New Mexico Mike!
Red,
Had a good time in New Mexico and it was WARM! Played some music with a group of neighbors and hashed over old memories of the good ol’ days.
I’m back now and missed out on the green eggs however. I’ll do that the next time.
Hi Michael,
Don’t worry about martial law and such, it won’t happen. Bush and Bernanke are just trying to stall the truth.
When Clinton was reaching the end of his term, the same fears were spreading like wildfire. Most forget that at the of the Clinton administration, things were going downhill in a big way. Selective memories I suppose.
As far as the recession…there are areas of the country that have been in recession for years. Bush just doesn’t visit those places.