Originally Posted by
trip
imho, bernanke is as foolish as greenspan, for some reason they believe people act rationally, bernanke is printing money like no tommorrow at the same time whenever he speaks he says, ummm-oh, the congress has to get things in order, that's his f'n believe system, congress has to do what's right, roflmao, 75% of them are millionaires and if the money stops they get major league hurt
i reviewed obama's new budget, it is insanely stupid, off the charts imho, apparently we wil grow like we have never grown before after 2015, double our best growth rates ever, when we have structural unemployement and the demographics are not in our favor, completely silly and useless
i'm getting a bad feeling, no repubs have announced presidency because mitch mcconnels plan, which is get rid of obama is based on one thing, obama must be made too look so incomeptent as too be unelectibale, the only way that could happen is another bear market of 40-50%, and more job losses, the fed just asked for another stress test of banks with 11% unemployemnt, qe2 is suppose to end in june, if we start to deteriote, which is very likely because margin compression will hit all sectors, especially if oil goes over 100 bucks, obama will be unable to do anything economically
so this budget ceiling thing might prove to be a gambit to strike some fear in the market, and then they gin it up and up and up, and then in september i bet all the repubs announce, and the slogan will be drill babeeeeeeeeeee drill, more tax cuts, and budget amendments etc...............they will use the tea party
if obama spend all of 2012 in chaos, crisis after crisis, he will probably be a loser, and the independents will roll with the republican
then they will get in and do who knows what, because when u believe in keneysian economics with no piggy bank during good times, you're basically no different than greece, ireland or spain
if the republican win it will be ineresting to see what they do to generate revenue