Sunday, March 01, 2009
The truth about Bush's Disaster is coming out daily now that he is gone!
Obama budget sees soaring deficit as Obama promises honesty not lies!
US GDP: Bad To Worse bringing new questions on our recovery
GDP Shrunk 6.2% in 4th Quarter, Deeper Than First Thought
Citi Group reports 4th quarter loss of $10 Billion, govt. ups ownership to 36%
As GM losses deepen, bankruptcy fears grow We gave them $13.4 Billion and already they want another $16.6 Billion, let them Go! Cut our losses!
Home foreclosures in D-FW may increase with more layoffs
Last week I heard it given as good news that existing home sales was on the increase. Well now I find out why! 40% of those home sales are foreclosed homes. With job losses increasing every month and 1.7 million in the last quarter you can bet Home foreclosures and job losses will get much worse. I am sick of saying it but this is just beginning and will get much worse!
Last week when the Dow was at 7350 I said as most of you realize, that this is still just beginning and will get much worse regardless of the bailouts or partisan rhetoric. Bush and the Republicans guaranteed it and now besides trying to make Obama fail they are trying to blame another onje of their catastrophes on him. Last week I warned that you bettter start worrying at Dow 7000!
Two days ago in regard to Bernanke saying we could get out of this in 2010 I said Get a grip
Yesterday in regard to things getting worse and Obama opting to be honest with us instead outright lying and evasion practiced by Bush I wrote Obama: no more lying and hiding the awful truth
Then back on the 6th I wrote what should be obvious by now! It was a long ago foregone conclusion! This was written two years ago and The Second Great Depression set up by Greenspan was a given regardless of all these bailouts. at this rate the 10% unemployment Obama warned about is going to happen in about 6 months regardless!
All the promises and trillions in bailouts will do nothing but stave off the inevitable and speed up the bankrupting of America also set in motion by Bush. I have written it numerous times but I just want you to remember the great Depression and a couple parallel facts with this one! ** Remember it was the Republicans at the helm the last time this happened and while FDR's New Deal did a lot to bring us back and Obama wants to replicate it and it is necessary that it took WW2 to get us out of it!
**** It is important to remember as I have written about this too, too many times but Bush has laid the foundation not only for the bankrupting of America but WW3 to get us out of it or so they think! I am banking on Obama being able to turn the world around and pull us back from the brink!