Market Update: De-nial on Wall St as stocks rally…

serious, serious denial here folks….

Construction is up you say? Yeah but in CHINA...Existing home sales? Yeah okay I got some HOT land in Hona to sell ya too….

Wells Fargo PUBLICLY ordered to raise more money by regulator ahead of Thursday Stress Test results?

TOTUS on Saturday telling Americans, profits and Wall St won’t be that important to our economy going forward?

Duke Energy and other companies writing the new cap n trade legislation conveniently saving themselves the costs and moving them onto the backs of consumers….this helps retail sales and consumption how exactly?

WH playing ‘decider’ on who walks away owning a company, breaking contracts and rewarding cronies?

And on THIS the DOW rallies now up 175 to 8388, S&P up 22 to 899 and NAS up 29 to 1748..

D-E-N-I-A-L, apparently it now runs down Wall St. ..Poor Deluded Bastards…they bought this pig in a poke in March of 08 when the predominately Democratic traders backed TOTUS over Hillary, still petting their pig in a poke, feeding it truffles and calling it George…poor deluded bastards…too bad they had to drag us all down with them eh?

May 4, 2009. Tags: , , , , , , , , , , . Economy, Finance, Politics, Unemployment Statistics, Wall St. Comments off.

Update: American Legion Responds…The Criminalization of Politics and Free Expression Has Begun…..

MM has the response to the DHS report from the American Legion, which objects to the characterization of veterans as potential radicals…

…In spite of this incomplete, and, I fear, politically-biased report, The American Legion and the Department of Homeland Security share many common and crucial interests, such as the Citizen Corps and disaster preparedness. Since you are a graduate of New Mexico Girls State, I trust that you are very familiar with The American Legion. I would be happy to meet with you at a time of mutual convenience to discuss issues such as border security and the war on terrorism. I think it is important for all of us to remember that Americans are not the enemy. The terrorists are….

From AceHQ and MM:

The report, “Rightwing Extremism: Current Economic and Political Climate Fueling Resurgence in Radicalization and Recruitment”, was made available April 7 and then posted by the Liberty Papers.

DHS tends to paint with a rather broad brush. From pages 3 and 4:

Rightwing extremists are harnessing this historical election as a recruitment tool. Many rightwing extremists are antagonistic toward the new presidential administration and its perceived stance on a range of issues, including immigration and citizenship, the expansion of social programs to minorities, and restrictions on firearms ownership and use. Rightwing extremists are increasingly galvanized by these concerns and leverage them as drivers for recruitment. From the 2008 election timeframe to the present, rightwing extremists have capitalized on related racial and political prejudices in expanded propaganda campaigns, thereby reaching out to a wider audience of potential sympathizers.

Try to attend a Tea Party tomorrow, the more Free Expression the better, the sooner the better. All politics ARE ultimately local and the pols will remember they need to be re elected when they see their constituents speaking out against out of control spending…our Constitution protects ALL of our free expression not just ACORN, despite how the new Administration seems to want to reframe us..

Remember the Alinsky method, pick a target, frame it, freeze it. We and our freedom seem to be the target, Guess we are easier to demonize than terrorists for these JUST WORDS tools….

Where are the headbangers? get out to a tea party! where are the. peeps I grew up with in the 80s? Get out to a tea party, Be counted FOR something before you are just a number to the Tax Man and the Acorn nuts both….bring your Boom Box to the Tea Party and get your FREEDOM GROOVE ON!!!!

You know what we need? We need a Jeff Foxworthy-esque video of “You Might Be a Right Wing Radical if”…if you believe in freedom of speech, if you go to Church on Sunday and don’t curse in the sermon, if you believe in the Second Amendment, if you support capitalism, .the possibilities are endless…

what a bunch of maroons we have in DC..scary maroons….in the primaries this was the Race Card they played against fellow Democrats, now it is the Radical Card being played against any American AUDACIOUS enough to freely express their views, sadly now the tools who called us racist and are now calling us radicals actually have jobs in this Administration and apparently no adults who have read and support our Constitution are around to restrain their Alinksy techniques..

April 14, 2009. Tags: , , , , , , , , , , , , . Economy, Immigration, Music, Obama Administration, Politics, Popular Culture, TARP, Taxes, Terrorism, Uncategorized, Unemployment Statistics, Wall St. 4 comments.

Update: Rick Wagoner pushed out of GM….

Update: Monday 9:00am: Market futures down…Dow 187

TOTUS to announce Auto Plan at 11:00am EST…they let Bob Nardelli keep his job can you believe that? the WOTS is that Chrysler will be filing a prepackaged bankruptcy of some sort…Nardelli was the poster child for ceo pay when he left Home Depot after mere months with mondo millions and tanked that stock before Cerberus gave him the Chrysler gig…

It’s a Hard Knock Life Baby, make that JEEP shine like the top of the Chrysler Building!!!(or Nardellis head!), I wonder if someone will cover my JEEP warranty?!

________________

Wow!!! This man WAS GM the past few years, he was widely viewed as the leader of the Big 3, which isn’t really fiar since Ford’s Alan Mulally is the man who pulled a miracle and kept FORD out of this Pandora’s Box that Government Help has become…

So TOTUS is announcing Rattner’s Plan manyana, and Wagoner gets dumped on Sunday night? Oh man the bond holders must be screwed…which would mean American business is screwed IMO if they screw tr

he debt holders….breaking contracts and all…I mean who is in charge of GM now? Not Rattner surely..I said dont call me shirely….lol

Courtesy of voxpopulai:

Possibly the greatest of the Brill Building classics. Someone put this up awhile back but it disappeared, so here it is again. Robert Goulet was just goofing around but Steve Allen put down rock and roll every chance he could. Well, he’s gone now and Mary Weiss is still singing. So there.

CNBC:

General Motors Chairman and CEO Rick Wagoner is stepping down as head of the embattled automaker CNBC has learned Sunday.

Wagoner’s resignation comes as the company awaits president Barack Obama’s reports on efforts to save GM and Chrysler

It is unclear if Wagoner’s resignation is one of the stipulations for the federal government to lend billions more to GM. But sources close to the talks say tough conditions will be attached to any future aid.

President Obama will update the public on the Treasury Department’s next step in helping GM and Chrysler on Monday afternoon.

A senior White House official did not deny to CNBC that the Obama administration influenced Wagoner’s departure.

Asked if the administration forced him out, the senior official replied, “‘forced’ is a little strong.”

Wagoner has served as CEO since 2000. Under his leadership, GM has steadily lost market share in North America while becoming the dominant automaker in China, where it is currently number one


March 29, 2009. Tags: , , , , , , , , , , , , , , , , , , , . Big 3, Doo Wop, Economy, Entertainment, Motown, Music, Obama Administration, Politics, Popular Culture, Uncategorized, Wall St. 2 comments.

When Kudlows Attack: Obama’s Tax Plan – CNBC.com

AWESOME! As soon as the hard lefty goes class warfare, Larry Kudlow goes wild! WOOT!

The first words from the mouth of Matt Miller of C.A.P., are John Thain’s house, to stir up class warfare, BS, take that crap elsewhere, America doesn’t need it. And I am a MER.BofA shareholder, mom is, I don’t want Thain used to gin up resentment so these yahoos can undo all the progress we made on welfare to work since Big Dawg….

Airtime: Fri. Feb. 27 2009 | 6:03 PM ETDiscussing Obama’s 2010 budget proposal, with Matt Miller, Center for American Progress; Grover Norquist, American’s for Tax Reform; Dan Colarusso, The Business Insider; and CNBC’s Scott Wapner.

Vodpod videos no longer available.

more about “When Kudlows Attack: Obama’s Tax Plan…“, posted with vodpod

March 1, 2009. Tags: , , , , , , , , , , , , , . Economy, Finance, Housing, Obama Administration, Politics, Popular Culture, TARP, Uncategorized, Wall St. 1 comment.

Updated: Housing Update: More Details Released…

UPDATE: Treasury increases commitment to Fannie and Freddie from $200b to $400b, now they each get 200 billion..

Obama Housing plan will establish a 10 billion insurance fund to ‘discourage foreclosure’

Treasury will establish uniform guidance for mortgage modifications…all future recipients of TARP money REQUIRED to implement loan modification plan

CNBC Steve Liesman breaking it now…

According to Treasury plan includes: Plan to help 4-5 million homeowners refinancing plan

ADDITIONAL PLAN THIS IS NEW!!: Treasury to help fund principal writedowns?? need details there..more than expected

75 billion  homeowner stability initiative to reach an additional 3-4 million at risk homeowners supporting low interest rates by increasing confidence in Fannie and Freddie…

Homeowner Stability Initiative aimed at those who ‘commit to making reasonable monthly mortgage payments’..

Obama plan promises, “no aid for speculators”..

Aimed to help households ‘at risk’ who are current in payments..

Many incentives built into the plan for servicers and lenders to get on board says Steve…

Lenders under Homeowner Stability Initiative will bring down payments to 38% of borrowers income TOLD YA!! That is Sheila Bair’s plan right there…THEN the government would match further reductions down to 31% of the borrowers income…

a low interest rate must be in place for 5 year after which it can gradually be raised to market rates, UH OH THAT IS A TEASER NO NO NO!!!! WTH do they want more ARMS this will lead to waves later, oh good gawd!!!

Treasury will share in the cost of reducing principal on mortgage, need details there!!

Incentives:  Servicers receive $1000.00 upfront fee for each modification and success fees for keeping borrowers current, 1k a year for 3 years.

additional fees for servicers who get mortages modified before default….

February 18, 2009. Tags: , , , , , , , , , , , , , , , , . Economy, FDIC, Finance, Foreclosures, Housing, Obama Administration, Politics, TARP, Uncategorized, Unemployment Statistics, Wall St. 1 comment.

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