Day: April 14, 2009

Thank God! The Worst Is Over!

JI-Ji-JI-Jive talkin’…….sorry, the BeeGees came to mind!

For the last week or so I have been hearing this from people I talk with…they get a little info from TV and they believe the hype.

U.S. bank Wells Fargo forecast a record profit, South Korea steered clear of recession, and Chinese export data beat expectations, all offering hope that the worst of the financial crisis had passed.

Encouraging data on U.S. trade and jobless claims helped Wall Street stocks end up for a fifth week on Thursday, while White House economic adviser Lawrence Summers predicted the economy would emerge from a sense of “freefall” in months as stimulus and rescue efforts took effect.

Wells Fargo will post a $3 billion profit….thinking….how much of that is the deposit of taxpayer money?  When can we expect a check?

None of this is showing strength.

The economy shrank at a 6.3 per-cent rate in the final three months of 2008, the worst showing in a quarter-century. Some economists say that it fared about as poorly in the first three months of this year, while others expect a 4 to 5 percent rate of decline.

All this is just a dead cat bounce, in my opinion, nothing to get too excited about just yet.  Ask the average person just how optimistic they are about their financial future.  I suspect it will be a bit different than all the BS coming from the financial media.

They All Look So Pathetic

The entire GOP is just appearing rudderless and just plain pathetic.  I know this is nothing new…..but the just saying NO to everything, the blatant lies and misinformation on what, you ask……the cited CBO report on the stimulus plan…there was no such official report, the $3100 increase in energy costs…no such increase….the cuts in DOD funds…actually the Obama DOD budget increases the budget by about $4 billion….there is more but my fingers are tired…..

And then there are the cast of characters…..Boner…damn…sorry…..Boehner, Cantor, Bachmann,  McConnell, Gramm, Steele, et al.   They talk and they talk and have yet to say anything substantial….but they continue to talk.  They get their talking points and throw so much manure at the wall hoping something will stick…so far they got NOTHING!

But here comes the Big Bopper Of Boredom!

A Minnesota court confirmed yesterday that Democrat Al Franken won the most votes in his 2008 Senate race against Republican Norm Coleman.

Coleman, who had already announced plans to appeal the decision, has 10 days to do so to the state Supreme Court. Once his petition is filed, that could further delay the seating of Minnesota’s second senator for weeks.

But, in my opinion, the poster child of the GOP futility is one Norman Coleman of Minnesota.  He lost!  But he has flushed his dignity down the toilet to try and retain his senate seat.  He and his lawyer are trying every trick in the political playbook or maybe that should be the legal trick book, to try and keep his job.

He and his team have tried every sleazy tactic imaginable and yet he still has lost…it is about time to stop playing the part of the sore loser and step aside and let Minnesota have its full compliment of senators.  Mr. Coleman, you are not helping yourself, your party or the country by playing this lame ass game……if anything you look ridiculous and pathetic…time to go fishing because your political future is slowly fading into the sunset.