Archive for January, 2009

The true Democrat definition of rich

Written by Michael Vass
I just figured out a secret that I don’t think most people in America have noticed. The fact is it’s not much of a secret, it’s more like the elephant in the room. And Democrats have successfully avoided mentioning it for a while now.
Looking at the supposed “stimulus” package that is trying [...]

Obama Stimulus Package: an urgent need to do nothing

Written by Michael Vass
The more I hear about the Obama stimulus package, the less I like it. Yet it is the most “urgent” piece of legislation that his Administration is working on passing, immediately. Just as the $800 billion for the credit crisis had to be immediate.
And just as with the mortgage/credit bailout quick action [...]

Don’t say I didn’t warn you

Written by Michael Vass
I have been talking about the economy and what would happen if a Democrat would win since late 2007. When it became clear that President Obama was the Democratic nominee I discussed how the stock market would react to his win. And after the election I forecasted what would likely happen to [...]

Surprise! We are still in a bear market.

Written by Michael Vass
Let me see if I understand this correctly.
“A jump in unemployment sent stocks sharply lower Friday as investors feared that Americans won’t soon deviate from their tightened budgets.”
That means that someone thought consumers would go back to spending money, or realistically increasing debt, because the new year started? Or they thought that [...]

New stimulus package is 60% waste

Written by Michael Vass
Now that we have entered 2009, the time for details has begun. President Obama has now stated that he intends to make 40% of the proposed stimulus plan, that was championed by Speaker of the House Nancy Pelosi from $50 billion to its now $800 billion level, business tax-cuts. That is the [...]