Quote:
Originally Posted by Bartruff1
That the estimates are made with different assumptions....and in fact, they are both just estimates . The most likely senario is that the Gov will make a killing with the so called "bailout" loans as we always have. They are not loans (or giveaways) but convertable warrants that can be turned into common stock and sold on the markets. The Gov (we) are buying low and will be selling high ....Take a deep breath...take the dog for a walk...play catch with your grandkids ...watch march maddness....get a life...oh, and of course... have a nice day...
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The Government that IS $10,800,000,000,000.00 in DEBT, NOW. Has committed to spend another $9,000,000,000,000.00, and has long term obligations of another $12,000,000,000,000.00. That is just under $32,000,000,000,000.00, WITHOUT INTEREST, that they [WE] owe. Not including another bailout, or yearly operating "budgets" [sick jokes that they are]
This is the cabal of financial wizards that are going to make a 'killing' in the financial markets.
Like they did with Fannie & Freddie? Government businesses if there ever were such.
Or the massive profits they have realized from Farm Programs? Or the Post Office.
THESE are the people you think just made a brilliant financial coup?
It must be Geithners secret plan you are counting on. The Plan so Secret, He doesn't know what it is.
The Administration so transparent, they are invisible. Except for the "Stand Up Bullsh!tter", he is the most prolific but SMOOOTH liar I have had the displeasure to see or hear in my long, long life.
Today, the Stand Up BSer reiterated that we must:
1.]"Free ourselves from dependence on foreign
oil."
2.]"Improve our Education systems."
3.]And reform Health Care."
The "PLAN" for #1 is take away $30 Billion annually in tax credits from DOMESTIC
oil companies and GIVE it to 'research' of alternative energy sources.
THAT is the ENTIRE plan. Its too stupid to be called a joke.
The plan for #2 is the spend MUCH more money on education. The "inconvenient truth" is that we run first, second or third EACH year in per student spending, worldwide. Yet we are 'lucky' when we finish in the 20's in results. We DON'T need to spend more money, we need to DEMAND results from the system. [Teachers Unions are sure to love that!]
The two fold plan for # 3 is to give away money to computerize the entire health care system. My wife has a Masters in Health Care Finance and my son owns a $30 million dollar SAP consulting company. They and me, are just 3 of the 10's of thousands that have known for 3 decades that there are Billions to be made getting health care organized. And the field is still open to the FIRST performer.
The second part of His plan is to Nationalize the health care.
Dilbert's pointy haired boss comes up with much more well thought out plans than the 'Stand Up Bullsh!tter" and his merry band of lying incompetents.
Dan
Stern letter to follow!