Now that the messiah is planning to have his minions 'shove it down your throat', you might need one.
For those that wish to believe that pack of lies and deceit spewed out by BHO today, you won't be needing the gargle, just some vaseline.
Hey folks, this so called healthcare is NOT about saving you any money on your hospitalization, or getting lower rates for your insurance...it's about POWER.
We are witnessing what Mr Bonner calls...
The Zombie Economy
Re-animating an Economic Corpse With an Artificial Recovery
The zombies are taking over!
Noise. Distraction. Headlines. Opinions.
The important trend is the big one – the shift of resources from the private sector to the public sector.
During the bubble years, the private sector made a big, big mistake – taking on far too much debt.
Now, it is correcting its mistake...reluctantly, painfully, and with plenty of foot-dragging and interference from the government. Instead of letting the dead die in peace...the feds are pumping financial adrenaline into their veins...turning them into zombies.
It’s expensive work...so government is now making the same mistake the private sector made a few years ago. It’s pretending that debt-fueled spending is the same as growth. Ain’t no such thing.
The feds’ “growth” is even more pernicious and counterfeit than the bubble era growth in the private sector. At least people actually wanted houses...they just couldn’t afford to pay for them.
The feds, on the other hand, produce things that people wouldn’t buy even if they had the money – zombie products. Who would buy a billion-dollar software program to spy on other people? Who would pay other people to do nothing? Who would take on the debts of a failing financial institution?
Consider this, from Bloomberg: “Fannie Mae will seek $15.3 billion in US aid, bringing the total owed under a government lifeline to $76.2 billion, after its 10th consecutive quarterly loss.
“The mortgage-finance company posted a fourth-quarter net loss of $16.3 billion, or $2.87 a share, Washington-based Fannie Mae said in a filing yesterday with the Securities and Exchange Commission.
“Fannie Mae, which owns or guarantees about 28 percent of the $11.8 trillion US home-loan market, has been hobbled by a three-year housing slump that wiped 28 percent from home values nationwide and led to record foreclosures. The company, which posted $120.5 billion in losses over the previous nine quarters, and rival Freddie Mac were seized by regulators in September 2008.”
Did you read that carefully? Fannie Mae guarantees almost a third of the $12 trillion home mortgage market – or about $4 trillion. And guess who guarantees Fannie Mae? You do!
Fannie made bad loans. It ought to be put down, like a horse with a broken leg. But Fannie’s bondholders don’t take a loss. The losses have been moved to the public sector and Fannie itself has been turned into a zombie company.
Assets, liabilities, spending – it’s all shuffling over to the government...and sucking the life out of the private sector. In the area of durable goods, only about 4.4% of them, on average, were purchased by the pentagon over the last 17 years. But since the beginning of the financial crisis, durable spending by private industry decreased...while pentagon spending went up. The most recent figures show that 8% of durable orders are now bought by the military.
Recovery? Don’t bet on it. This government spending only makes it look like a recovery. The numbers may show an increase in durable goods sold, but tanks and armored personnel carriers don’t lead to genuine growth. They lead to Soviet-style zombie growth...by the government, of the government, and for the government. The rest of the economy shrinks.
Am I the only one that has any fear for what is happening to this country? Do you realize that if this Obama healthcare becomes law, it will be another entitlement that just won't be overturned by some conscientious voters concerned about their country. It will be the end of the beginning, and the crumbling of the U.S. Constitution will not be stopped. Nor will the bankruptcy of the nation be avoided.