Tuesday, June 15, 2010

Oops! I bet Biden wasn't supposed to say that...

"POTUS would have to declare a bank holiday after he was sworn in."

So much for settling those Keynesian "animal spirits".

Roll the kooky economic collapse conspiracy theorist footage. Not so kooky after all.

A bank holiday. A Bank Holiday! All those folk advising us to grow a survival garden, buy gold, stock up on ammo, stash one months supply of cash and horde food - those fringe whack jobs! - were actually clued in to a very real possibility being considered by the Whitehouse.

The fact that this was even discussed at any point should tell you how dire the condition of the economy. The smoke will eventually clear and the mirrors will inevitably tarnish to expose the reality of an unmanageable (and previously unimaginable) debt service the FedGov has saddled us all with while exporting the productive capacity of the nation, and therefore even the slim chance it could be serviced while any of us maintained a decent standard of living. Cap that off with the Moron in Chief pushing for yet another massive tax increase; on energy! of all things - can anyone think of a better way to accelerate the economy faster off the cliff?? - and you have a train wreck that makes the malaise of the Carter administration look like a 5 MPH fender bender.

I knew he was dense, but I didn't think anyone on the planet had a talent to do everything wrong.

9 comments:

Mikesbo said...

And you told me "things are not that bad"... Have you read JQP's series on the constitution?

JACIII said...

No, I haven't. link? But I have concluded the only reasonable study relative to  the constitution is attempting  to ascertain which parts the fedgov will disreguard at which time.

Bill said...

I'm beginning to think he's an evil genius.  He obviously intensionally let the oil spill get way out of control, and now he's purposely tanking the economy.  All to get his far-left agenda passed.  This is exactly how Hitler, Stalin, and Mao took power - engineer a crisis and pretend to have a solution.

Mikesbo said...

http://jobsgoat.blogspot.com/

JACIII said...

Too much credit, Bill. The whole bunch is completely out of touch with american reality. I am waiting for "out of touch" to start appearing in re:Obama and will dance a jig when it sticks.

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thimscool said...

Hungry?
http://news.yahoo.com/video/health-15749655/many-outraged-that-mesa-eatery-is-serving-lion-meat-burgers-20482640

Susan said...

OT I know you guys are always looking for pics of interesting bikes. On a website,luxist.com, there is a photo of a limited edition one by Confederate Motorcycles called a
P120 Black Flag.

Would be curious what the general opinion from you guys is on this thing.

As to the Carter malaise, I remember it well. I was in my early 20's and I have him to thank for the removal of blinders regarding politics and the media. Not only did he screw up his re-election night, he also screwed the pooch for several hugh ballot issues out here on the left coast. Prop 13 anyone?