Update 4: Passes with 59 GOP votes against, including Dave Schweikert AZ-05, thank you Dave!!; Only $350 Million in actual cuts!?

Update 4: 4/14/10 2:23 pm: Crapulent deal passes 260-167 with 59 No votes from the GOP. Our wonderful new Critter, Dave Schweikert AZ-05 voted No.

Thank you Rep. Schweikert!!

Roll Call of vote here. Thank your Congressman (or un-thank them whatever the case may be!)

Update 2: Okay, your shout-out is retracted Speaker! What the hell is this?~- CBO says it is actually only $35oMillion, yes M, Million in actual cuts?? You are fxcking kidding right?

AP at HotAir has it:

So to sum up: In less than a week, we’ve gone from $61 billion in cuts to $38 billion in cuts to $15 billion in real cuts to $352 million in deficit reduction this year, which is less than one percent of the number agreed to in the budget deal. I can’t help but suspect that tea partiers might feel a tad … antsy about that trend….

I called Dave Schweikert AZ05 asked him to vote no and tell the leadership to Get Serious.

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April 8, 2011. Tags: , , , , , , , , . Politics. Comments off.

President Clueless tells people if gas is too high, get a new car cuz it will take ‘years’ to ‘adjust’ prices aka ‘Let Them Eat Chevy Volts!’

Good Gawd. IOW Let them eat Volts!

Clearly he is pixxed and advisers are telling him no re-elct with $5 gas for you chump~and in his usual passive aggressive way, he is mad at US for being broke due to HIS asinine plan

And Barry doesn’t like when all his carefully dreamed up plans cause him aggravation.

Recall, he said in 07- ‘under my plan electricity rates will necessarily skyrocket’. Yeah electricity, heating oil, gasoline. And he hasn’t even gotten his cap and trade yet, imagine the future with another 4 years of this guy.

Mad Max anyone?

YahooNews and a better interpretation from ZeroHedge:

…”I’m just going to be honest with you. There’s not much we can do next week or two weeks from now,” the president told workers at a wind turbine plant (one operated by Spanish company Gamesa). “Gas prices? They’re going to still fluctuate until we can start making these broader changes, and that’s going to take a couple of years to have serious effect.

And we doubt Obama’s hard core union electorate will be happy at the following stab at Channel Stuffing Motors: “If you’re complaining about the price of gas and you’re only getting 8 miles a gallon, you know,” Obama said laughingly.You might want to think about a trade-in.“…

…As to the core question, we were surprised Bill Dudley was not present at Obama’s side explaining how deluded complainers should just have a chilled glass of unleaded 98 Octane with their main course of deflationary iPad 2....

April 6, 2011. Tags: , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Popular Culture, Taxes, Unemployment Statistics, Wall St. Comments off.

Thar’s Goooold in them thar IRAs! New record $1462…

Benny and the Inkjets cant hold the precious down~and Sister Silver is right behind

And don’t forget WTI Crude ~  $109 baby…..demand destruction coming to a local economy near you!

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April 6, 2011. Tags: , , , , , , , , , , . Economy, Obama Administration, Politics, Popular Culture, TARP, Unemployment Statistics, Wall St. Comments off.

Marc Faber 2/2/11 ~ CNBC Reporter, ‘You heard it here first, Bernanke is a Liar’

Courtesy of CNBC

See ZeroHedge for full video of Faber and Taleb at the Russia Conference this week as well~

money quote-

…”before they can’t pay they would print money like there is no tomorrow so the dollar would continuously depreciate which would obviously be good for assets that you can’t multiply such as commodities and precious metals.”

“I also think it they print money what then usually happens is that standards of living of the middle class and the working class go down, because the cost of living increases faster than wage gains, and so the population becomes very distraught and dissatisfied and eventually the government to stay in power or distract the attention of the people, either goes to war or blames a minority for the mishaps, but usually after a period of very heavy money printing war follows.”…

Commodities baby

Faber on Bloomber 1/25/11~

February 8, 2011. Tags: , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Unemployment Statistics, Wall St. Comments off.

*Golden* Years ~ Shiny back above $1400 – up $18 to $1402

Shiny back above $1400 as Case Shiller reminds TPTB that we are in a double dip in housing, (more on that later). Copper hitting another high, FCX moving to a high with it… I think the USD will rise, but Gold Copper, Silver will decouple, heh, from their traditional moves and will move HIGHER WITH the USD. Yeppers, sounds crazy but that’s what I think and I am playing accordingly….commodities baby FTW!

We need a new ‘Gold’ tune….

December 28, 2010. Tags: , , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, Popular Culture, Unemployment Statistics, Wall St. Comments off.

Heigh Ho Silver Awaaay! Silver hits 30 yr high $30.07…

~Jamie Dimon is crying somewhere~ Silver is up 70% since August :0) Sister Gold also continues to rise- $1421 an oz baby~ Gentle Ben’s insistence they have it all ‘contained’ on 60 Mins has done nada to diminish the attraction of the shiny preccious….

December 6, 2010. Tags: , , , , , . Economy, Finance, Politics, Popular Culture, Taxes, Unemployment Statistics, Wall St. Comments off.

Gooooold! Shiny up $14 to $1404…

and you know what that means…let’s do it Holiday style~

Jobs data was Teh Awful, again, only added 39k jobs. (We need to add 150k a month just to keep pace with population growth).

Too bad we don’t have someone, like a leader of sorts, who could, ya know, LEAD, and get some meaningful spending/tax reform and economic plan through.

But noooooo, we had to have Mr Faculty Lounge instead. No doubt he is appointing a panel or planning a ‘summit’ to talk and talk and talk and decide…nothing.

I want a ‘decider’.

December 3, 2010. Tags: , , , , , , . Economy, Labor Department, Music, Obama Administration, Politics, Popular Culture, Unemployment Statistics, Wall St. Comments off.

Video: Mark Fisher talks QE2 ~ ‘it will end badly’

Courtesy of CNBC

More~ Mark Fisher talks commodities~

Vodpod videos no longer available.

November 9, 2010. Tags: , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

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