Maggie's Farm

We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.

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Much Sorry with Delays
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Monday, December 1. 2008

Monday beer-time links

Out on biz in the early AM. Leaving these good droppings:

America's other auto industry. WSJ. Related: but the homegrown auto assemblers are worse off than you think. Zombies indeed. Too old.

Obama's netroots problem. Is that a real problem? Nobody really cares about what people say on websites - except their readers. And most folks neither know nor care much about politics anyway. Related: The Obama Jolt: Is he a closet centrist? I do not think so.

MSNBC anchor wonders why election didn't end terrorism

Squeegee guys return to NYC. That is bad news. I have not seen any of them yet. Are they all ex- Bear-Stearns guys?

Liz Smith: Palinophobe. I do not think she realizes how dumb she sounds.

Bad day for equities? We already told you it wants to get to Dow 7500 - at the least. See The China Debacle. It's a small world...

Speaking of Bad Days, California is having one. They won't stop spending and they cannot raise taxes. Just like the Feds, but they cannot print $ either.

I am a white male. Why not just shoot me? Get it over with.

Posted by The News Junkie in Hot News & Misc. Short Subjects at 18:18 | Comments (13) | Trackbacks (0)

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Dow 7500? I'm afraid that's wildly optimistic. I'm sure it'll bounce off the 7500 level 1-2 more times, but eventually it will plummet right through. Best case scenario there is 12-18 months of grim economic numbers coming up. As companies revise their estimates downward, all these companies with P/E's that look cheap right now will look expensive again. Even completely ignoring the very real risk that the US defaults on its national debt at some point in the next 10 years due to our out of control money printing campaign, the impending cycle of everyone sobering up and saving money instead of buying flat screen TV's on their Mastercard is going to really hurt our somewhat phony consumer-based economy. We will go below Dow 6000 before 2010. Oh yeah, and the dollar is also going to collapse eventually, once the world realizes how ridiculous our money printing has been. Sky's the limit on the future price of precious metals; basement's the limit for the Dow. Everyone thinks the US is different, that just because we are so powerful we are not subject to the laws of economics. Guess what? Printing money will eventually have the same effect here that it did in Argentina.
#1 Captain Obviousness on 2008-12-01 19:17 (Reply)
Obama will fix that...won't he?
#1.1 Bird Dog on 2008-12-01 20:05 (Reply)
Yes. He's going to put his face on the newly printed money.

ugh... :[
`
#1.1.1 Meta on 2008-12-01 21:05 (Reply)
Nah... Michelle's.
#1.1.1.1 Luther McLeod on 2008-12-01 21:07 (Reply)
Luther, what denomination. The 500, 1000, 5000,10,000, and 100,000 are all taken. Come to think of it, how come Wilson, who was a lousy President is on the 100,000, and George, and Abe are on the 1 and 5.
#1.1.1.1.1 jappy on 2008-12-01 21:32 (Reply)
The new inflation proofed 1,000,000 dollar note, of course.

The greater the leader, the smaller the note, seen by many more folks that way.
#1.1.1.1.1.1 Luther McLeod on 2008-12-01 21:37 (Reply)
California in a fiscal crisis.... What we have here folks is typical political brinkmanship.

Politicians will NEVER do what is right when it comes to money. Having so many constituent palms to grease, they will consistently vote to continue to spend money for that grease and will ALWAYS demand more.

They can't just blatantly raise your taxes. First they do the threats, then the faux shutdowns, then the arm twisting.

"If we don't get more money we'll shut down the government!"

"If we don't get money we will cut (Fire, Police, Trash collecting, Library hours, Park and Recreation hours)"

"The streets will have less maintenance/more pot holes. The bridges will be unrepaired!"

"We'll cut homeless shelters!"

"We'll cut teacher pay!"

"We'll cut AIDS home care!"

All these gore the ox of some vocal constituent group that result in the SKY IS FALLING!!!! articles in the paper and the overwhelming editorial clamor to DO SOMETHING!!!!

And they will sadly, reluctantly, after agonizing hours in deep study and debate, vote to raise your taxes once more.


Rinse. Repeat.
#2 JoeC on 2008-12-02 09:30 (Reply)
Oh come on, where's the other picture?
#3 Clubbeaux on 2008-12-02 16:49 (Reply)
Yeah, we'll take our beer in milk jugs!
#3.1 The Distributist on 2008-12-02 22:41 (Reply)
Ha. Good!
#3.1.1 Luther McLeod on 2008-12-02 22:43 (Reply)
shows you how many real women read this site.
#4 uglybroad on 2008-12-03 06:53 (Reply)
The vacuum cleaner thread is this-a-way...
#4.1 The Distributist on 2008-12-03 07:42 (Reply)
you would know since you suck
#5 uglybroad on 2008-12-03 08:22 (Reply)

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