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BusiesT casino gambling day -- in Las Vegas Status: Not Logged In; Sign In International News See other International News Articles Title: Obama’s Whirlwind Asian Tour Was An Epic Fail Source: [None] URL Source: http://chicksontheright.com/2010/11 ... lotus-got-some-cool-chatchkis/ Published: Nov 16, 2010 Author: chicksontheright. Post Date: 2010-11-16 09:29:38 by no gnu taxes Keywords: None Views: 3542 Comments: 6 You know that whole Asian trip Obama took? Well, it was supposed to be a big ol’ “economic mission.” Turns out that he struck out big-time. And hold on – that’s not a right-wing nutjob political blogger saying that. Nor is it Fox News. It’s the lamestream media, everyone. So, according to the left, it must be objective and true. First, ABC News (hats off to Breitbart.com) had some choice words. In fact, they flat-out used a baseball analogy and detailed the three strikes Obama made at bat: Aaaaand, then you have CBS, who called the G-20 summit and Obama’s failure to create 70,000 whole jobs an “embarrassing disappointment.” But the trip wasn’t a complete loss, you guys. I mean, at least FLOTUS got a bunch of cool crap until she ran out of cash at the local market. Anyone else smell the symbolism there? Fail. Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest #1. To: no gnu taxes (#0) This was a 'done deal' til Owe-bama tried to renegotiate what the previous administration had already accomplished. Remember how Owe-bama was going to united the world, hit the 'reset button'? FAILED COMPLETELY. Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit. Badeye  posted on  2010-11-16   10:01:58 ET  Reply   Trace   Private Reply   #2. To: no gnu taxes (#0) Note how the Epic Fail bush43/OMFGPalin are plastered over your MSM? But the very first time somebody takes out the loan for a nonproductive use, he starts the growth cycle. So think about all the ways we take out the loans for, essentially noneconomic reproductive uses, auto loans, mortgages… these are things where there really is no additional economic value. Once the house is built, it is built. And whether you and I trade it back and forth to each other taking out larger and larger mortgages, has no impact on the actual economy. Nothing is being produced in those subsequent transactions but higher levels of debt and money. AA: It can’t go forever. CM: Correct. For a while it can, that's for sure. But ultimately government borrowing in many cases is also very non-productive. To in the sense that US government borrows for military expenditures, builds a beautiful bomb, which creates a lot of economic activity, but then blows it up. So that there is no more economic activity associated with that bomb, right? Maybe there are even some destructive effects. But otherwise just the debt remains; nothing productive." But TPTB/Top 50 000 can't do anything else. They're programmed to Failure. mcgowanjm  posted on  2010-11-16   10:31:35 ET  Reply   Trace   Private Reply   #3. To: All (#2) (Edited) Wonder how long it will take the words "Ireland Portugal Greece Austria" to appear in the Column to the right. The old model of 5-year leases is already under pressure. The hot new trend in retail is "pop-up shops" that unload excess inventory for a few weeks and then close. Desperate landlords are accepting the crumbs of a few weeks' rent where they once demanded a multi-year lease. And it isn't just a low-end seasonal phenomenon: The Gap and Toys R Us are successfully using the pop-up model. Similiar trends are visible in the resort/leisure sector. Constrained consumers are no longer willing or able to plunk down $250 or more a night for an upscale resort room, and once room rates drop below a certain threshold then highly leveraged hotels are no longer financially viable. 3. The built-in problem for all CRE is that as rents/occupancy/room rates decline, cash flow falls even faster." And the Last China Xmas Boat has left harbour. www.investmenttools.com/f.../bdi_baltic_dry_index.htm And you can't massage Boat Pricing. It is or it isn't. It isn't. 8D Even as the US has cock blocked the BRIC from the IMF again. mcgowanjm  posted on  2010-11-16   10:36:11 ET  Reply   Trace   Private Reply   #4. To: mcgowanjm (#3) Wonder how long it will take the words "Ireland Portugal Greece Austria" to appear in the Column to the right. We don't live in Ireland, Portugal, Greece, or Austria. Stop trying to divert attention. Your boy Hussein Soetoro is an epic failure. 8D Well, [war's] got to do something for attention, his multiple personalities aren't speaking to him any more, and his imaginary friends keep finding excuses not to come over. (Murron) Rudgear  posted on  2010-11-16   11:40:45 ET  Reply   Trace   Private Reply   #5. To: Rudgear (#4) Wonder how long it will take the words "Ireland Portugal Greece Austria" to appear in the Column to the right. So who do you think these 4 buy their weaponry from? And who do you think is the IMF? And that the BRIC is being stonewalled while trying to throw $900 Billion of freshly printed $$$ into the rest of the world? And yes my boy and your bush43 are Epic Fail and the Top 50 000 only have debt extended/pretended that keeps them on their perch....and then we get back to Ireland, Portugal, Greece, or Austria. Some delightful observations on two sets of bubbles by United-ICAP's Walter Zimmerman: one are those blown with impunity by the Federal Reserve; the other are those that put even the Greenspan-Bernanke legacy to shame, with a diameter of 50,000 light years. The latter are entertaining, but the former are far more relevant to our everyday lives. And on those, Zimmerman says the following: "Now if one studies history one finds out that the Federal Reserve was formed to prevent speculative panics, to maintain the value of the dollar, to preserve the purchasing power of the consumer, and to responsibly manage the nations money supply. Has an organization ever strayed as far from accomplishing its goals as the Fed?" We can only hope Princeton's cosmological program is subpar (unlikely), as otherwise Bernanke may decide that 50,000 light years across is a perfectly reasonable number for a bubble. The next question, of course, is what amount of dollar bills would fill up a sphere with a radius of 25k light years... mcgowanjm  posted on  2010-11-16   21:08:22 ET  Reply   Trace   Private Reply   #6. To: Rudgear (#4) We don't live in Ireland, Portugal, Greece, or Austria. Stop trying to divert attention. Time to Reread the History of Austria's Creditanstalt in 1931 ... Nov 26, 2009 ... In Europe, the Creditanstalt's bankruptcy and what followed was what turned the recession into the European Great Depression. http://delong.typepad.com/.../ti...reditanstalt-in-1931.html mcgowanjm  posted on  2010-11-16   21:10:50 ET  Reply   Trace   Private Reply   Top • Page Up • Full Thread • Page Down • Bottom/Latest

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