USviews - December 2008

So. much for the economy straightening out the moment everyone knew The Kenyan would be the new man in the White House.

Since it was determined that he would be in charge of the hen house, the market is down -1476 or -15%.

Now, to be fair that includes -679 today, so excluding today, the market was done ONLY 800 points under his watch.

All Clinton Democrats appointed. The inside the Beltway people are right back where they were and the only thing that has changed is well...Obama is not talking about change!

The school teacher from florida "Joyce" hit upon the real cancer growing in this nation, but only from her aspect of education. Why is it when the libs babble about health care, education etc.........then never qualifiy WHO? The reason we are drowning in fiscal quicksand is because the criminal action of politicians that refuse to insist that health care and education benefits (never mind housing, trans, food) belong to citizens and legal residents. Let "natural selection" now be the law......no bail outs, no more feeding the illegals, end the nightmare now, but of course that is fantasy, since we are living in the world of obamanationtion. As we enter the third term of the clintonista realm, with a new twist to the head guy being simply a muslim hack (denying the madrassa training will not make it go away, nor will having 2 muslim daddys be denied), who is so slick in his mannerisms, speech and tactics that even the worshipful liberals will find themselves pissed off when he starts radicalizing their agenda to be his own. Are we freaking kidding.........hillary as sec. of state........albright and rice are failures ........so let's just give another dipshit a shot at dealing with the arabs! Napolitano as sec of homeland security......how oxymoronic can it get......she's pro amnesty and open borders! Then of course there is Eric Holder, ....bubba's hack in pardoning terrorists, faln and other misdunderstood minorities, wrongly incarcerated! Let's get some more "harvard geniuses"......to cover the coffin with dirt ........."herein rests the United States of America.....once a powerful shining opportunity.......established by founding geniuses, killed by lazy morons"

Miller, who runs Legg Mason's $7.6 billion Value Trust fund, told Reuters the year has been "terrible, a disaster and awful," yet he held out his past performance in down markets as a reason why he should not be counted out.

"We've performed in most of the financial panics that we've had -- the last one being the three-year bear market ending in 2002 -- we outperformed all the way through that," he said.

"So even though we lost money, we lost a lot less money than the market did," Miller added.

"When you're underperforming and losing more money than the market in a down market, then that's a much more problematic situation." he said. DUH!

For the year, Miller's flagship Value Trust fund was down 59.7 percent as of Tuesday, compared to a 41 percent decline in the reinvested returns of the S&P 500 index.

Since America knew, for a fact, that The Kenyan was elected to be the ineligble President of this country, unemloyment hs risen to 6.7% and 533,000 jobns have been lost.

Somehow this was all supposed to trun around when the coutry was asured that George Bush was going and that John McCain was not going to be President.

Pretty much a montage of what the Obama backers look like or at least how they have been portrayed by the media.

Have not heard much ever since the Kenyan got in and has done absolutley nothing to stop the economic downslide.

Of course, those who are still backing him are talking about " ' you must wait until he gets in. " No, we can tie him to the economy just they like his campaign did to John McCain.

His backers have shut their mouths for the most part and he has changed course on all the nonsense he spouted in his campaign.

He is trying to move himself as far away frim Illinois poiitics now that one of his fellow Democrats was found out to be selling his Senatorial seat.

No, he MUST be tied to this also and don't forget that we will never give up on the fact that The Kenyan is ineligible to be in the highest office in the land.

He must produce a vault copy of his birth certificate not that fake document posted on the Internet.

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Does not look like the 60 Republicans necessary for the bailout are going to play along.

The Miracle Man of Kenya who was all about making change is going to succeed.

History will show that right after he got elected the auto industry collapsed and unemployment was at a 26-year high.

Why won't the country respond to his great plan? Oh, that is right he never released one, he just " hinted : at it.

But then again, he never released any of his personal records. most importantly, the vault copy of his birth certificate. Hard to do when you were really born in Kenya.

Think the Blank Panthers could head down to Washington and try to intimidate the Republicans like they tried to do at the Philadelphia polling places?

He could get down and address the Senate and tel them " America must act on the bail out or the people will wail out and flail out. "

Well, Jess that just won't work because there are enough unemployed white people sitting home ready to protect what little they have left.

So, if the bailout fails all those Republican autoworkers in Flint, Detroit and Cleveland will just have to be victims of the Great Oabma's Plan that never materialized.

Oh, wait a minute..one of our research staff just informed me that these autoworkers of Flint, Detroit and Cleveland may not, in fact, be Republicans.

Yes in a round about way you got to the crux of the "auto" bailout......liberal loyalty to unions. These left wingers dont give a rat's ass about if the big 3 drop dead tomorrow, its about answering to their constituency labor union types. Some of the morons tried to play on the "foreign cars are better than american " crap again. But the fact is, there is little difference in vehicles these days, as long as you compare comparable priced and levels of vehicles. Just look around you......lots of cadillacs, whether CTS cars or Escalades, lots of Ford 150 pickups, plenty of dodges, chevys etc. The problem wasnt the vehicles, but the managment for the last 3 decades and the unions bleeding the companies. Take note that the foreign car builders in the US .....1) dont pay union wages and benefits ...2) have not been producing here over the last 100 yrs.....3) do not yet have a massive retirement group to fund through current revenues, yet the foreign labeled vehicles arent cheaper either. Libs take several approaches to killing the economic machine of this nation......they export as much of the strategic manufacturing as possible to globalize and weaken our independence, if that can't be done, they attempt to nationalize it...as they are doing with medical/health treatment, they drag in as many illiterate, ill migrants as possible even when we are no longer pioneering the west or needing stoop labor this will undermine the workers in the US through bottom feeding the labor market with the "cheapest" worker (not really cheaper, when they suck up free meds, schools paid by taxpayers instead of the employer), and then they let all the crap from china flow freely into this country, while asian markets restrict american products. Finally they further destroy the monetary functions by applying affirmative action concepts to mortgage lending to minority, underclasses and illegals who risk nothing with no down payment and interest only loans...and upon default walk away with no personal loss. Of course this is mixed with the greed of scumbags on wallstreet who need a bottom line return now.......not in a few months or years like the masses are expected to see in their savings or investments. The source of the problem and their possible solutions are not even being addressed.......it's a con.........change......bullshit......Rich

Back in the 1970's the term Saturday Night Special was used to define the dangerous and cheaply manufactured, small caliber handgun used in most urban homicides.

Today it is defined as the bad information that the Federal Government or big business choose to release, over the weekend, so that the least amount of people are aware of it.

Well, tonight's special is something we forecast two months prior when we said the hedge funds would freefall and further strangle our economy.

Citadel Invesment, the Chicago-based hedge fund announced that they were halting all redemptions until March.

Their unnamed spokesman remarked that this decision was, " driven by the volatility of te market " Duh, ya' think?

The company also, " recognized that some investors could be impacted, especially, those with current financial obligations to meet. " Okay, everything is alright because they recognized the problem.

They should have recognized matters a little sooner since their fund is down 47%.

One can't help but watch the Democrats and their Democratically-controlled rag papers makes fools of themselves, as the bailout of the automakers is propsosed.

First, when it didn't pass any vote, the Democrats jumped in and said that if the Republicans won't help pass this bill, then they should come up with an alternative measure.

It will not be a bunch of suburban, white Republicans out of work when the automakers fail.

And then the Democratic rags are writing, " That George Bush needs to act in this matter or his legacy may be tarnished. "

Hey, gang..do you think anyone with half a brain buys into that when they read it in your paper which is really best suited for lining bird cages. Like you are concerned about Bush's legacy.

No, what you don't want is Bush letting this matter go into the Kenyan's administration when the automakers finally fold. Because history will only record that it happened under the Kenyan's watch.

10 years from now, 90% of the country will not remember if it was Bush or Clinton who proceeded this guy in the White House.

No, what George Bush is doing is great. Don't take any action that may interrupt the legacy or history of the Democratic party.

WonderBOY will be over at 1600 Pennsylvania Avenue in another 34 days and everything will be jake then?

Goldman's Sachs, who lined up at the Federal Government financial soup kitchen window, held out their bowl while begging for assistance and summarily walked away with 10b dollars, just gave out Christmas bonuses, as did other banks of..1.93b.

Remember, support your local banker because what we would do without these people who caused 47% losses in the industry last year. A bonus for that?

I wonder what they would have received, if they were sharp enough to lose 70%?

Bookmark our site, so you will always know what is going on when big business or government doesn't want you to know what is going on.

Well, we took the holidays off and are back; however, there is little good to report.

So, much for the adage of the realtor, " In general, your house should appreciate about 10% a year. "

House prices plunged again in October, with the rate of year-over-year decline accelerating to a new record high of 19%.

The city index which is worst than the general index is down 20% and the 20 major city index is down 23%.

Of course, the real estate pundits are now calling that the floor will be 25% .

Not too boast but I am a little more classically trained in finance than real estate agents and the bottom will be about 37%. And that will arrive in Q3 of 2009.

2008 is drawing to a close and Bear Stearns, Lehman Brothers and Merrill Lynch are memories of the financial miasma.

Our markets have iost 14 trillion in value while the world stage has shown a 30 trillion dollar drop.

The benchmark S&P 500 Index is down 40%, the second biggest drop of all time only to the 47.1% of 1931 and that was the Great Depression. So, I guess with another 7.1% drop, they can begin actually calling what we are in a dpression.

And the Dow" which will never get under 10,000. " is in the mid 8,000 range...today.

Worldwide strength indicators, like the Finnish economic engine is down for the first time after 17 years of exponential growth and even China had their Central Bank reduce interest rates 5 times, in 2008.

And another 4.9 million homes will be foreclosed on in the Kenyan's first (and hopefully, only term)

But it will all be better after January 21st. when the Magic Kenyan takes over the White House.

I guss he did not know that Jesse and Al are a couple of prayer guys beause he has a white Reverend doing his prayer gig at the innaguration.

No role for these two race baiters? Wait...there should be alot of cars to park.

Hey, Jesse could rhyme something like: "Today is a joining of the races, as Al and I put the cars in their places and spaces. "