Wednesday, May 27, 2009

Heckuva Job, Barry: Part II

Congratulations!  $1.2T in "quantitative easing" from the Fed has bought us an exciting two months of cheap mortgages rates.

Sadly, that all ended today as the bond market woke up and smacked old "It's Not My Fault, Bush Made Me Do It, Did I Mention I Don't Look Like Other Presidents?" Obama in the face.

I cannot emphasize the recklessness of Obama's policies enough.  The Chinese are already stockpiling commodities because they don't want to keep buying U.S. Treasuries when Obama is borrowing $0.50 of every dollar he spends.  That's why Tiny Tim Geithner is on his way to China to smooth the waters.

People, this is madness and it is becoming clearer and clearer how it's going to end.

If you aren't outraged, you aren't paying attention.

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