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Laugh out Loud: The lousy economy …
Source: Bob Gorrell, Townhall.com, May 4, 2011. 2 comments to Laugh out Loud: The lousy economy …Leave a Reply |
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By Prieur du Plessis, on May 8th, 2011 posted in: 
Email
Byron Wien Announces “The Ten Surprises” for 2013
Prieur’s Readings (January 3, 2013)
Bob Farrell’s 10 rules for investing
Running 2012 NYC Marathon – a means to a better life for impoverished children
Prieur’s Readings (August 29, 2012): No “death of equities”
Wrong president. Neither funny nor true.
Bush was handed a surplus. He…
* gave an unwarranted tax cut to the rich
* started an indefensible war with Iraq which he refused to even account for much less pay for.
* added an unfunded entitlement and allowed big Pharma to stick sick Americans with the highest drug prices in the world.
* created the indifferent regulatory climate which led directly to the gulf oil spill, the housing bubble and the near collapse of the banking system.
* added trillions to the national debt.
Obama: “And now, for my next act, the summer of SICKLINESS and SORRY!”
Now that he’s created $3.5 trillion of new debt in 2 years, he’s going to sink us into a quagmire of malaise. He’s growing our debt at 12% per annum to sustain an economy growing at a paltry 1.8% per annum as of Q1.
And now that the Fed has promised to quit flooding Wall Street with newly-created monetary mayhem, we’re about to find out what all that misplaced fiscal and monetary irresponsibility has bought us — nothing but INTEREST payments for the next century, and nothing but economic infirmity with which to pay it!