POLITICAL: “The Borrowed Us Into The Poor House” generation?

Thursday, April 14, 2011

http://online.wsj.com/article/SB10001424052748703730104576260911986870054.html?mod=WSJ_Opinion_LEADTop

REVIEW & OUTLOOK
APRIL 14, 2011
The Presidential Divider
Obama’s toxic speech and even worse plan for deficits and debt.

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Did someone move the 2012 election to June 1? We ask because President Obama’s extraordinary response to Paul Ryan’s budget yesterday—with its blistering partisanship and multiple distortions—was the kind Presidents usually outsource to some junior lieutenant. Mr. Obama’s fundamentally political document would have been unusual even for a Vice President in the fervor of a campaign.

The immediate political goal was to inoculate the White House from criticism that it is not serious about the fiscal crisis, after ignoring its own deficit commission last year and tossing off a $3.73 trillion budget in February that increased spending amid a record deficit of $1.65 trillion. Mr. Obama was chased to George Washington University yesterday because Mr. Ryan and the Republicans outflanked him on fiscal discipline and are now setting the national political agenda.

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Argh!

Politicians and bureaucrats all lie. When their lips move.

The budget commission’s report was not perfect. Taxes ARE theft. And, these political games are stealing from our posterity. The last generation was misnamed “The Greatest Generation”. (I say misnamed because they started us down the road to ‘borrow and spend’ with an added expansion of European Social Spending and Militarism.) What will this generation be called “The Borrowed Us Into The Poor House” generation?

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FUN: Time shares as penny stocks

Thursday, April 14, 2011

http://www.palmbeachpost.com/news/free-time-shares-owners-cut-losses-by-dumping-1379853.html

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For Ginger Brownlow, a sales executive at King’s Creek Plantation, a luxury time share in Williamsburg, Va., the challenge is competing with her own product when it’s selling for half price on sites such as Tremblay’s. Though her price includes the cost of marketing the resort and driving consumer demand, resellers are capturing some of that demand with much-lower prices.

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This reminded me of an old Wall Street joke about penny stocks. Those are stocks that sell for under $1/share. Dogs.

Broker: “You should buy acme it’s at a nickel and will go to $100.”
Rube: “Buy 10,000”
Broker: “You should buy acme it’s at a 7½¢ and will go to $100.”
Rube: “Buy 10,000”
Broker: “You should buy acme it’s at a dime and will go to $100.”
Rube: “Buy 10,000”
Broker: “You should buy acme it’s at a 12½¢ and will go to $100.”
Rube: “Sell my whole position; I want to take profits.”
Broker: “To who?”

Same as time-shares.

:-(

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