Found your site For Whom The Economy Turns : NO QUARTER this Monday using the keywords mattress pads searching around in Google. Your post is similar to mine – track-back included …

Goldman pushed the market’s higher up starting in July with help from their trading software. all market traders know that summer is a time where investors take a brake from market participation. many investors actually were shorting the market in June due to this and it was expected for the market to decline by end of june….enter Goldman. the markets rallied more and forced short positions to cover, further fueling the “rally.” now that summer is almost over, the inevitable market correction is rearing its head. while it wasn’t all bad for the market to go up during the summer, the problem is that the rally was a mini-bubble.

the market is due for a correction again which should’ve happened this summer but Goldman’s actions delayed the inevitable stock market correction the same way the government’s forclosure moratorium delayed the inevitable housing market bottom. tampering with markets is never a good idea since it merely delays natural cycles of markets and makes the eventual landing much harder to endure as a result.

now that retail sales have “unexpectedly” declined (why that would be an unexpect result while millions of people are still unemployed is beyond me) to the chagrin of “greenshoots” advocates, the market correction can finally occur even if the resulting correction would be deeper than it would’ve if it was allowed to correct during the summertime.

markets have cycles that culminates in a peak and trough pattern, delaying the troughs and prolonging the peaks simply aggrevates the inevitable declines and makes its effects much worse for the consumer while the peaks are only profitable for those who can afford to invest large sums of money.

watch the cash for clunkers program and wait for the inevitable effects of it which is a downturn in carmakers sales for the longer term. the recession slowed down consumer demand for cars and that was a healthy and expected reaction. now that the government temporarily and unwisely inflated car sales people who were planning on purchasing cars in the next two to three years bought this summer. what would be the result in the next two to three years – it’ll be a continuation of sluggish car sales and thus a continuation of unprofitability for carmakers and a prolonged unemployment scenario for the car industry.

all of this government intervention (car industry, housing, real estate, etc.) and Goldman Sach’s intervention in the stock market are in essence stretching the market cycles and prolonging the trough. let the market find their bottoms without intervention and we will be able to get out of this deep recession, keep meddling with it and we will repeat the stagflation economy of the 1970. right now, much damaged has been done, and the only “cure” that this administration can muster is to ask for Congress to increase the debt limit again which would excacerbate the economic problems much more.

the only people profiting from all the interventions being done right nore are the super rich like Buffett, Soros, etc. the rest of us will wallow in economic stagnation.

Those who do not buy health insurance should pay, what happens if they have to go to the emergency room, why should I pay for them with my tax dollars. You have to buy insurance to drive a car.

the other thing he’s doing, he’s (actually his hedge fund) bought stake in some coal companies. now why do you think he’d do that if he’s puppet in the White House is pushing for cap and trade? because when this country has nothing else to burn since Oil price will be back to the mid hundreds again (maybe even $200) due to the dollar collapse (when the dollar’s value goes down, oil price goes up since it is quoted in dollars) the country will be more dependent on oil and the “green revolution” will have an incentive to finally build Coal Liquifaction refinaries that will push the price of coal up.

guess who else went long on oil just this week? none other that T. Boone Pickens himself – the wind energy “activist.” Pickens have shelved his wind farm plans for now and invested massively on oil stating that oil could be at $85 by next year.

the debt instruments are being bought by the Feds and in turn prints money off of it.

that is simply monetizing debt or printing money out of thin air.

The Chinese know full well that the dollar’s collapse is imminent and have hedge their bets buy buying massive amounts of comodities because everytime the dollar falls in value, comodities go up.

The dollar index had actually fallen by over 11% which is directly proportional to the 12% of the stimulus money that’s been printed so far.

now add to the mix that Tim “the Tax evader” Geithner is now asking Congress to increase the debt limit and you have the makings of a massive dollar collapse as soon as all of that debt is printed into dollars.

Send them all to jail!!!!!!!!!

CAROL HAKA

environmental activism was a means to fight for racial and class “justice.”

I think inherent in that statement is that environmental activism in that particular context would have nothing to do with the environment. But the stimulus bill had nothing to do with jobs and so health reform probably has little to do with health care. I am sure we could go through the czars one by one and find much similarity.

This Washington Times editorial better not be widely quoted. The reason is, it’s a great big secret that no one is supposed to tattle – the Obamacare bill contains massive tax increases:

The bill does contain new taxes — plenty of them. Pages 167 and 168 impose an income tax of 2.5 percent on any individual who chooses not to buy government-approved health insurance. Pages 149-150 impose a tax of between 2 percent and 8 percent on the payrolls of all companies whose payrolls exceed $250,000. Pages 197 and 198 outline income tax surcharges to be imposed on individuals with incomes over $350,000, rising to a highest surcharge of 5.4 percent.

Meanwhile, as the bill specifically acknowledges imposing a tax without counting it as a tax, it also imposes all sorts of requirements that act as indirect taxes under names such as “mandates” and “requirements.” Page 146 requires employers to provide insurance even for part-time workers. Page 280 begins to outline a penalty for hospitals that are adjudged to have “excess readmissions.” Federal bureaucrats, of course, will determine which patient readmissions are reasonable and which are excessive. The bureaucrats will do this by following the simple rules for such determinations laid out on pages 281 and 282 … and 283 … and 284, 285, 286, and … oh, forget it; we got lost.

There’s more – much more – laid out in impossible to understand legalese.

http://www.americanthinker.com/blog/2009/08/we_welcome_our_new_taxes_under.html

Of course, they pooh-poohed the notion.

This Christmas? We may all be on our knees. And, I guess, there’s something fitting in that, something we’d easily overlooked, even forgotten.

Consumer spending is 70% of the economy. The banks are using faux accounting practices to pretend they’re solvent. The Fed is printing money at record speed. People are not only losing jobs, they’re falling off the unemployment records, given up, taken part time jobs [if they can find them].

The whole bloody thing is a scam. Commerical real estate is going to crater, the worst of the ARMs reset in September and will haunt us for the next two years, pension funds are tanking, retail sales are way off and regional malls are looking like ghost towns. Import/exports are off, as are earnings, etc., etc., etc.

The numbers are bad, bad, bad. Except on the Exchange, which is a rigged game that wants more people to play with so they can sucker investors for their remaining nickels and dimes.

And what do we get? Happy talk.

This is the Big Lie aided by the airtime wizards, who failed to alert people [small investors] of what was coming into shore over a year ago.

They lied then. They’re lying now. This economic bell is made of tin. It tolls not for thee.

Good article, Linda.

The ‘Ivan the Terrible’ of Obama’s Czars
How this guy got a job in government is beyond comprehension – unless you live in the United States under Barack Obama as president.

Meet Obama’s “Green Czar” Van Jones – former radical communist by his own admission, now a born again capitalist – at least when it comes to remaking the business world into an environmentally friendly sector.

World News Daily has the background on his past:

Jones, formerly a self-described “rowdy black nationalist,” boasted in a 2005 interview with the left-leaning East Bay Express that his environmental activism was a means to fight for racial and class “justice.”

http://www.americanthinker.com/blog/2009/08/the_ivan_the_terrible_of_obama.html

Obama proposes to subsidize more than half of all families in the US. Who will end up paying for these subsidies? Obviously, Obama wants to argue that only the wealthiest earners in the US will pay the bill, but they don’t make enough money to do so — even if the government confiscated all of their earnings.
The ratio itself shows the ludicrous construct of ObamaCare subsidies. If ObamaCare actually controlled costs better than the present system, why would the government have to subsidize families that by any measure are earning a significant income, a level more than 60% greater than the median? And who will argue that families earning $88,000 cannot afford to find health insurance without a federal subsidy?
The real reason for that figure is simple. Peter Brown notes that 80% of the population would qualify for subsidies at that income level cutoff. It’s a vote-buying scheme, a way to mollify political rage by giving 80% of people the sense that they’ll get something for nothing. By the time the bill actually comes due, it will be far too late for the anger and opposition to effectively stop ObamaCare.

http://hotair.com/archives/2009/08/12/whos-poor-in-america-according-to-obamacare/