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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 687.85

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Dec 29 4:00 PM EST

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To: GROUND ZERO™ who wrote (42589)	12/26/2012 5:50:10 PM
From: Vendit™	2 Recommendations Read Replies (1) of 220866

Well let me think.... Obama inherited a Bush bad economy and promised to fix it in a couple of years So the plan is to sell China our bonds to finance his social spending. In order to get China to agree to buy our bonds to finance our growing debt he cranked up the printing presses at the US mints. The affect in year one was more debt accumulated in Os first year than had been created by all previous presidents combined. He uses that new money to pay China a dividend on the same bonds and we by them back with printed money 90 days later. That is a very good plan if you don't mind inflation and higher unemployment and eventually a double dip recession. When the Senate and House could not agree on how to lower spending that is unsustainable Obama appointed his Super Committee to work out a deal. The committee was made up of equal numbers of high ranking democrats and republicans. They failed to work out a deal so they put off the problem until 1/1/2013 which was supposed to force both parties to compromise. How is that working out? Obama's genius master plan to cure unemployment is and has been to allow 78% of all newly created jobs to be with the federal government. Who pays their salaries? I believe it is a spending problem coupled with a failure to compromise by both parties and a WhiteHouse who has never owned a business much less worked in the private sector so there is a complete lack of understanding of how to fix the problem not to mention what is causing it. Now I told "you" what I really think. <g>

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