Jim W, Yeah, yeah, that's nice.
Hey, did you hear a guy named Obama is the Oresident-Elect now and just bunches and bunches of Republicans lost their seats in Congress? Think Stevens in Alaska finally conceded today. Oh well, you have a nice evening lad. ;-) On Nov 19, 8:18 pm, Jim Willis <[EMAIL PROTECTED]> wrote: > Gee Wally; though I am hesitant to say I told you so, I did. As the > Dow races to 7000 my prophetic, prescient, almost clairvoyant > predictions of an economic apocalypse are tragically coming to > fruition. Yet, it will get much, much worse; trust me. The vaunted > $700 billion, “shuck and jive” has been as effective in loosening > credit markets as Al Gore has been at losing weight. He’s still a fat > bastard and our financial markets are circling the bowl. Here’s what > you need to know. > > It’s too late to prop up our financial markets. The fire started by > Democrat holdovers, flunkies and thieves in Fannie Mae and Freddie Mac > has spread from our financials to industrials and even to internet > advertising; ala Google’s dive today. Also note Yahoo is almost free > and CBS is on life support at $5.00 a share. My point; every sector of > our economy is in full nose dive. > > Just for kicks, let’s quickly stroll down memory lane and examine the > cause of this winter of our discontent. Democrat hacks at Fannie and > Freddie used sex, lies and videotape to cook the books, receive > millions in target bonus’s and got congress to look the other way by > bribing Democrats in the senate, “when republicans were in charge” and > by bribing a lot of Democrats when they were in charge. Who said > public service doesn’t pay? As republicans and President Bush were > ringing the bell and shouting fire, democrats and the media minimized > the alarm while shouting, “Racists pigs”. > > Fannie and Freddie currently hold $6 trillion dollars in toxic > mortgages but, that doesn’t tell the whole story. Through the halls of > these evil twins passed $50 trillion dollars in toxic mortgages. These > mortgages were explicitly given to unqualified buyers, bundled > together in hundreds of billions of dollar packages and securities > were sold around the world with the collateral being these toxic, > worthless mortgages. All the while, Democrats fiddled, as the world > burned. As these mortgages defaulted, the securities backed by them > became worthless. Companies holding these securities, overnight had > seen their balance sheets lose trillions. The financial markets went > into freefall. As the tsunami swept through the financials credit > markets froze. Industries hadn’t the ability to short term borrow. > Major stock indexes tanked; oil futures spiraled and even deflation of > macro commodities ensued. It turned out to be an excrement sandwich. > And, it’s only begun. It will get biblical; trust me, I have predicted > this all. > > As expected, Democrats will bail out the car companies, insuring that > they will indeed fail. This will spike unemployment into double digits > and continue the domino sequential falling of economic indicators. > While deflation will headline on the world stage, briefly, our most > merciful government, under the messiah, “Barry O” massive capital > infusions into the economy will rush, “fresh of the printing presses” > into the economy, causing inflation percentages of 1000 percent; > minimum. Prime Fed rates will approach 25% in an effort to curb > inflation. The housing market will be destroyed, along with the seven > or eight hundred businesses’s relying on it. > > A world wide depression will ensue. Yet, it will be a gradual decline; > much like easing into a too hot bathtub. At the height of the second > great depression America will have a 70% unemployment rate. Most > workers, “still employed” will be employed by the government. There > will be a 30% homeless rate and the end of western civilization will > be at hand. In the first great depression America was much more rural, > more self sufficient. Today we are more urban, more dependent on > government, more hapless. We’ve lost that rugged individualism that > our founders embodied and this nation was born with. We are spoiled, > rich and sassy; unable to hunt, to fish, to grow our own food. > Still, pause and reflect if you will, for in every calamity there is a > teachable moment. Perhaps, just perhaps, as the phoenix rises from the > ashes, whenever that future time is, it will be ingrained into the > American psyche and told around the campfires dotted across these > fruited plains. Liberalism is not tenable, it never was. > Conservative Springfield 20 NOV 08 --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
