Monday 2 November 2009

Bombs away!!!!!!!!!!!!!!!!!..................from Rico

Do the Media and Congress (and most current Democrats) have mothers and fathers who are also brother and sister, or what?

When Obama says this is "the right direction for economy" Scooby and you had better be saying ruh-roh!
- This guy ALWAYS says the polar opposite of the truth and of what he means.

What we are seeing is management of "perspective economics" but nothing tangible to help the economy itself.
- The only 'green shoots' I've been seeing are the weeds sprouting in the driveways and parking lots of vacant homes and commercial complexes in Middle America.

The bankruptcy of CIT Group (Citigroup) will leave a mark. It's going to hurt, too. It will leave a company that will only be able to provide 20% of its previous level of financial services to Middle America. This means:
- higher levels of credit-worthiness will have to be met by small businesses.
- fewer funds will be committed to such loans.

The assets of CIT in bankruptcy are the Middle American loans outstanding. They will be brutalized by the bankruptcty process.
- This will result in a flood of Middle American businesses in turn declaring bankruptcy.

In my opinion, this is the equivalent of carpet-bombing Middle American business, and fits exactly into Obama's war on capitalism.

Tora! Tora! Tora! Bombs away!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

No comments: