Wednesday, June 29, 2011

I vote for #1, and you?

President Obama is now speaking. He is asking America to make a choice:

1. Increase taxes on oil companies, hedge fund managers, corporate jet owners, millionaires and billionaires.

or

2. Cut funding in education, food safety, medicare, child programs.

If you're a modern day Republican, you want to kick old people in the teeth, sell rotten food in supermarkets, tell college students to take a hike, and steal candy from babies.

Hell, I'm a Republican. But I'm still pulling the lever for #1.

Senator Burr? He's too busy coloring in his coloring book to have an opinion. But when the time comes, he'll just do as Mitch McConnell and the voters of Kentucky demand.

I AM GREEK


I looked into the mirror last night, in search of my identity. I really deplore today's Republican Party, and current day Republican politicians. They so screwed up our country by waging unfunded wars, passing unfunded pharma give aways, under-taxing the super wealthy, doing nothing about runaway education, energy and health-care costs, turning their backs on responsible regulation and oversight of our mortgage markets, kissing the asses of every banker in our nation. My Republican party failed America. I can no longer relate to being a Republican.

As I peered into the mirror, I had to ask myself, "Have I become a Democrat?" ... HELL NO.

While I voted for Obama, mainly out of anger at my Republican Party, I can't relate to him, or to the Democratic party. I'm a capitalist. Free markets are my cup of tea. But we still need rational government regulation and oversight to ensure a level playing field for all. Government needs to stay out of my life though. And it needs to stay out of the lives of others as long as they do no harm to me and my family. As a country, we need to tax in a responsible, sensible manner. And we need to live within our means. We should take care of our old, and also take care of those who can't take care of themselves. But, everyone in our country needs to contribute. Everyone needs to pay something. Those are my basic principles. And neither the Democratic nor the Republican parties appeal to me. And I suspect they no longer appeal to a vast majority of Americans.

Who am I then? Well, this morning, I'm Greek. I'm watching all this turmoil in the streets of Athens. I see people madder than hell and fed up with their government. I can relate.

So, today at least, I'm Greek.

My state's Republican Senator is a moron. Senator Richard Burr has been in Washington DC for over 15 years. He has accomplished nothing. He is in no positions of substantial leadership. The man is an empty suit. Today, I'm imagining myself a Greek, standing in the streets of Washington DC, madder than hell at my government, with a rock in my hand, and aiming it at the nose of my idiot Republican Senator Richard Burr.

I AM GREEK.

And my stress levels are plunging.

North Carolina deserves better than Republican Senator Richard Burr.

Richard Burr's private residence

Tuesday, June 28, 2011

Yet another Republican lie unveiled (BIG LIE - low taxes create jobs)


Sheesh. Another day. Yet another Republican lie unveiled with hard, cold facts. It turns out that there is ZIPPO evidence that low marginal income tax rates equate to job growth. In fact, job growth has been significantly better throughout our history when incremental tax rates were substantially higher than our current rates.

Republican politicians - There they go again, lying up a storm. So, what else is new?

North Carolina deserves better than our sorry Republican Senator Richard Burr.

Articles worth a read - June 2011

Corporations screw America - And Republicans encourage this crap


Another day. Another depressing news article. This one is about the typical multinational US Corporation setting up shop in a tax haven to avoid paying US Income Taxes. We run massive deficits because tax collections fall below expenditures. Our country continues to go into debt up to our eyeballs. And then who winds up leading the charge to lower the taxes so all those under-taxed profits sitting in tax havens can be brought home? Why, of course, the very same corporations that screwed America by not paying their fair share in the first place.

This income shifting cost our country $90 Billion last year. Sheesh.

Republicans go to bat for this crap. Republicans support all these god damn tax games that screw the rest of us. Then, Republicans have the gall to recommend that we cut middle class programs to the bone. Yeah, let's allow Corporations to screw us, so we can forgo Medicare in our old age. Right. Got it.

I'm just tired of Republicans like our worthless Senator Richard Burr who won't get off their sorry asses, close these loopholes, and tell CEO's they can stick their tax haven cash where the sun doesn't shine before we'll allow them to bring it home at reduced rates.

North Carolina deserves better than our sorry, POS, worthless Senator Richard Burr.

Monday, June 27, 2011

The media did in our economy? Hardly. Politicians aren't smart enough to counter the media

There's a very interesting article in The Atlantic Monthly that is worth a read. Daniel Indiviglio is making the case that the media has written such harsh stories about our economic future that it is scaring consumers away from spending, so our economy suffers.

No Daniel. It's not the media's fault. The media just reacts to what's happening in the world. And we're in a world where Republican politicians spend all their damn time slinging mud and blaming everyone but themselves for the "crises on the come". We need smarter politicians. We need politicians who recognize that economics is largely psychology. And when the future seems dark, its the job of our politicians to work some psychological magic and make Americans feel safe and secure about our economic future. That doesn't happen when idiots like Republican Senator Richard spend all their time casting stones.

North Carolina deserves better than our sorry, worthless, POS, Republican Senator Richard Burr.

Do you ever look at the world economic forest ?


Its really easy to get so darn caught up in all the noise in our political world, and our financial markets, that we fail to step back and look at the forest, from all the trees and leaves taking up our daily mindshare. Periodically, I like to look across the entire world, just sit and ponder what I find, and imagine what the economic future will look like after making some simple assumptions.

How do I this? Well, I take a hard look at the top 15 economies in the world and see where they stand from an economic output standpoint. Then I’ll segregate those top 15 into the 4 major regions of the world. I’ll figure out how those economies and regions are performing relative to their population. And finally, I’ll just imagine a world where people in Asia and South America are just as economically productive as the people of North America and Europe. If that were to happen, what would it mean to the growth prospects for the world economy?

Do you think that Senator Richard Burr or any of the other worthless, POS, good for nothing politicians in Washington DC ever go through this exercise? Fat chance. These people are clueless and they demonstrate their economic idiocy on a daily basis. But maybe someone will read this post and stick the results under some of our politicians’ noses. My bet though, not a one of these clueless idiots would even understand what they’re looking at.

Our forest view of the world economy (2009 stats from the World Bank):

  • GDP $T = Annual economic activity in $ Trillions
  • People M = Population in Millions
  • GDP Per = Annual economic output per person in $ Thousands

image

Observations:

  • It always amazes me when I see that America accounts for 24% of the world economy, yet we only have 5% of the world’s population. For all our bellyaching about how our economy stinks right now, we’re still the best in the world when it comes to productivity (Economic activity per person).
  • Asia – The top 5 economies of Asia have 6x our population, yet don’t even match our total economic activity. Don’t you find that shocking?
  • South America – for all the talk about Brazil, they are still much like a 3rd world country, with only $8 K GDP per person.
  • Russia – Anytime Russia is in the headlines, I’m always thinking this country is big and powerful. Hardly. Russia is a third world country too when it comes to economic activity, producing only $8.5 K per person of economic activity.
  • OK, this is where it gets interesting. Stop for a second and just image a world where Asia and South America are just as economically productive as North America and Europe. That’s where we’re headed in the coming decades. There is absolutely no reason to believe that a human being in Asia or South American can’t be as intelligent and productive as an American or European, right? Right. What would it mean? It would mean that 3.7 Billion people would be producing about $40 K per person in economic activity. Do the math … 3.7 x 40 = $148 Trillion in annual economic activity. These same people are now only producing $44 Trillion in economic activity! The top 15 economies would grow 3.5x in order to accommodate that level of activity! Stunning, absolutely stunning how much growth we have ahead for the world economy, eh?

Someone push this information under the nose of Senator Richard Burr. Tell him to stop coloring in his coloring book long enough to realize that we need to start painting a positive picture for our economic future. We need to stop all the bullshit mud slinging and figure out how to psychologically convince the American people that there is enough economic opportunity out there in the future that we’ll eventually prosper. We just need to get some of these ST issues addressed, and find ways to bring the world up to our standard of living. They’ll grow. And we’ll grow right along with them.

Still, our Republican Party and my state’s Republican Senator only excel in beating us down psychologically. It scares us into thinking the world is coming to an end. We stash our money under the mattress and our economy suffers. Republicans, and Richard Burr fail us miserably by all their finger pointing and mud slinging.

North Carolina deserves better than Republican Senator Richard Burr.

Save for a rainy day - Republicans didn't listen to their mothers


"Save for a rainy day" ... didn't you hear that one as a child growing up? While I was growing up, my mother said that all the time. And as I get older, I understand why this old saying is so very true, in just about every aspect of life. Everything, and I mean everything, moves in cycles. Bad times are followed by good. Good times are followed by bad. Tech stocks that are hot now become dogs tomorrow. Buy the dogs of today, and you'll be counting your gains tomorrow. Everything moves in cycles. Stocks, industries, career choices, TV shows, countries, women's fashions. Everything .... MOVES ... IN ... CYCLES.

So, what's the lesson? The lesson is that if everything is going great guns for you financially, don't adjust up your lifestyle to meet your current income level. Don't cut back how hard you work because you're finding that making money is easy. Continue to work hard, tuck some away. Don't buy what's hot. Look around for deals in what's not hot. Save for the harder days ahead. Those are a small sample of valuable lessons that come from "save for a rainy day".

So, why did George W Bush and Senator Richard Burr think it wise to cut taxes so drastically back in the early 2000s, just when things were going pretty darn well for America? We had surpluses. We had low unemployment. We were riding high. And George and Richard, in all their ignorance, didn't learn a damn thing from their mothers. They didn't use our surpluses to "save for a rainy day". They gave our money to the wealthy. They set us up for what we're suffering through today.

George W. Bush, Richard Burr and the Republican Party simply failed us. It's raining like hell out in our economy and we are out of luck. We have no money. Bush, Burr and Republicans are too blame. And it's time for America to wake up and realize that it was Republicans who failed to "save for a rainy day", and we're paying for their ignorance.

North Carolina deserves better than our worthless Republican Senator Richard Burr.

Sunday, June 26, 2011

Troubling articles - worthless politicians


In-between an enjoyable time spent with my daughter this weekend working on myriad projects in my yard, I had my normal weekend reading routine. I need to stop reading. The articles are getting significantly more depressing by the hour.

The world's wealthiest (defined by those with at least $1 M in liquid investments, not including RE) are now richer than they were before the crises. This is extremely upsetting to me. So many Americans are suffering financially as a result of home values plunging. And a very significant number can not find employment. Yet, the rich grow richer.

I am fortunate and count my blessings every day. I am among those who have benefited greatly from this financial turmoil. Like everyone else, my real estate prices are lower. But my equity investments far more than made up for losses in Real Estate. My net worth is significantly higher than in 2007, 2008. But, its not right. Its not fair. Most Americans are getting the shaft. And our political leaders are largely too blame - especially Republicans.

Think about this - long and hard. In an environment where the vast majority of Americans are suffering financially, the rich grow richer. Given this inequity, how can we morally support a political party who proposes a budget that cuts $4 Trillion from programs aimed at middle class America, and gives an additional $1 Trillion in income tax cuts to the wealthiest Americans? How? Are you really that heartless? This is what Paul Ryan's (Republican Congressman) proposal does. This is the budget plan Republicans support. How can you then support Republicans? If you are among the very wealthy, yeah, maybe you're a loyal Republican supporter. But ignorance can only explain why a middle class American votes Republican right now. I simply can not support a Republican Party that continues to kick middle class America in the teeth, while rewarding the wealthiest. It is NOT morally right.

I suspect most Americans as just plain ignorant to this unfairness. Many likely have a niche interest that attracts them to the Republican party. They like Republicans because of the abortion issue. Republicans make them feel comfort in their ability to own guns. They like Republicans because they are old, white men who look good in business suits. What ever reason it is, its minor to the most important issue facing our nation right now. That issue is how Republicans are shifting the wealth in our nation. The rich grow richer. The middle class get the boot in the mouth. And most Americans are ignorant to just how rapidly this is happening.

There are other articles bothering me. China appears ready to blow up economically. That will take the world economy down too. The situation in Europe is significantly worse than in America. Europe's problems will hit the fan long before America's, and it will cause significant financial difficulties for the entire world. And an article that I can not share because it is paid research, spells out how US banks may wind up losing up to $100 Billion when they have to pay on the CDS insurance of Greek Debt. When Ireland, Portugal or Spain default, it has the potential to wipe out our banks, right along with the European Banks. We're headed into another economic storm. This one will make 2008 look like a rain shower.

We have a mess on our hands. Our mess is a direct result of the extremely poor economic planning done by our country in the last decade. And it wasn't Democrats and Obama who were in control. It was Republicans. They controlled the White House. They controlled Congress. And if they had done a decent job back then, we wouldn't be in this hot water now. Republicans are too blame for this mess. North Carolina Republican Senator Richard Burr is to blame for this mess.

North Carolina deserves better than Republican Senator Richard Burr.

Friday, June 24, 2011

Washington Post poll, Americans prefer Democrats

Eye opening poll out from the Washington Post last night:

Favorable
Democrat 48%
Republican 42%

Unfavorable
Democrat 42%
Republican 47%

President Obama
Favorable 54%
Unfavorable 27%

Paul Ryan
Favorable 23%
Unfavorable 26%

I suspect if they polled on our Republican Senator Richard Burr it'd be something like this:

Richard Burr
Voted for him because he's pretty and makes no waves 95%
Think he's an intellectual midget and has accomplished absolutely nothing 99%

Thursday, June 23, 2011

Dear President Obama

BREAKING: Two very good sources tell me that Boehner/Cantor are against tax revenue hikes, not just take rate hikes.

Give it to them. Let my fucking Republican Party have it their way. Just make it clear to the American people that we can blame Republicans when we wind up shitting in the woods, taking baths in the creek, and eating critter meat for supper.

Sincerely,

A bewildered Republican

World leadership - Obama has it, Republicans don't have squat


Have you noticed the recent change in American leadership?

Libya was a problem. America acted in concert with NATO, putting the French out front and in control.

Oil speculators were a problem. America acted in concert with the international community and every major country released oil from reserves to knock speculators off guard.

You think President Obama isn't pulling these strings? You're darn right he is. And when it happens, it happens in concert with the world. I contrast that to Bush Republicans romping around the world like it was their playground and acting in isolation. Republicans managed to piss off our entire world to the point that America was just plain hated. Now, we're working behind the scenes to pull everyone together and allowing and encouraging others to lead when prudent.

I like this. I like being part of a coordinated effort. I like that America can be respected for consulting, coordinating, and acting when there's broader world effort to get something done. I like that Americans won't be singled out as arrogant, go it alone, Republicans cowboys.

I'm a Republican. But I like when our country teams with others to make the world a better place.

My profanity meter - out of control. But this is what needs to happen


My profanity meter is out of control. To those insulted, I apologize.

Few Americans however understand what a critical juncture we're at as a nation. All hell is about to break loose if the following doesn't happen:

Greece - Has no money. Debt payments are due in mid-July. If Europe does not pull together and put a loan package on the table, then its Lehman II. The write-off can be handled. But the panic from the uncertainty of what will happen will cause Lehman II. Selling begets more selling, to the point that irreparable damage is done and our world economy goes into a tailspin. We must kick that can down the road in the hopes that the entire world economy turns on a dime. Greek problems then wind up being significantly lessened by world growth. It's the only way out of that mess.

US budget deal - We are broke. We must put a credible budget package together, now. The package must give the financial markets confidence we will be able to deal with our debt. That package must be a responsible blend of increased taxes and spending cuts. The more evenly balanced, the better. Too many cuts, and too few additional taxes, and our economy tilts over and dies. The package must make the wealthiest among us pay significantly more. And every American should be made to pay something. The spending cuts should be felt far and wide. And this bullshit about the 55+ crowd getting off the hook has to cease. The 55+ generation put us into this mess, they should share more of the burden, not less.

Wars - must stop. Our troops must come home. Now. Not later. Now. We must make significant cuts to defense. And we must close overseas bases. We can no longer afford to police the world.

Social BS - must take a back seat. Enough of all this time and attention paid to abortion and gay marriage. We are a people who want to be left alone by our government. And we are a people who have no tolerance for those who tell us how we can live OUR lives. Cease and desist with the debates and time spent on these innocuous issues. And if you want to wave a Bible in our faces and continue with this drivel, leave America. Most Americans are past being fed up with the religious zealot minority that have hi-jacked our country and its politics.

Energy - Stop the talk. Its time for action. Our nation needs to get off its tail and drill, everywhere, every hour, of every day. We need more Nuke plants. We need wind. We need solar. We need it all. Stop the debates. Stop the talk. Just 'effing get it done and shut up about it.

If these things happen, and soon, then our nation gets back on track. We can grow. We can all have jobs. We can all enjoy a better quality of life. The world will prosper right along with America.

But it isn't going to happen with idiot, religious zealot Republicans who think that "Cut and Grow, without any Tax Increases" is the way to prosperity. Its the way to Bankruptcy. Its the way to riots and unrest. Its lunacy. And ridiculous efforts to hi-jack our nation into a focus on social issues, while sitting on our tails about energy, and doing nothing to balance our budget, bring us closer to turmoil.

And all these issues make my profanity meter spin out of control. I see the wreck coming over the hill. But Senator Richard Burr? He and his ilk are just plain blind.

North Carolina deserves better than Republican Senator Richard Burr.

Oh boy, now Republicans are headed into an insane asylum


Oil and commodities are dominated by speculators. Everyone in the professional trading community knows it. The world is awash in liquidity. There's no where for that money to go. Borrowers don't want to borrow. Lenders don't want to lend. Everyone stashes their money in 0% CDs and savings accounts. Professionals don't want to buy the bonds, because leveraged governments and money printing will soon send rates through the roof and bond prices lower. They don't want to buy the equities. That run is over, corporate profit margins are peaking, world economies are slowing, and retail investors refuse to join the equity party. They don't want Real Estate. No one wants to buy Real Estate, so Real Estate is not going anywhere. The only place left for all this liquidity to go is into oil and other commodities. Thus, we have inflation.

Responsible politicians should see the risk that this excess liquidity poses to pushing commodities to price levels beyond where natural supply and demand forces would otherwise take these prices. Responsible politicians would press regulators to increase margin rates in order to stomp out speculation. Responsible politicians should find ways to punish speculators, in an erratic manner, keep them off balance, so that they never know when they will be subject to having to take massive losses on their speculating activity.

President Obama acted like a responsible politician today. He came out of left field to release oil from our nation's strategic oil reserve. Speculator's got spanked hard. Oil is down 5% off President Obama's actions. Speculators lost a ton of money today. They will now be on notice that releases can happen at the drop of a hat. Speculators will now be reserved about speculating in oil. Oil prices will now reflect a more realistic price level determined by actual supply and demand.

Reaction from Republicans? They can't believe that the President acted in such an irresponsible manner. The are crying foul. They are critical. They are whining. Republicans are idiots. Our Republicans party stands with the speculators and against average Americans. Our Republican politicians are a bunch of dickheads who don't know their ass from a hole in the ground when it comes to real world economic and financial issues.

I'm mad. In fact, I really pissed off at President Obama, for the opposite reason. What the fuck took him so long to act responsibly and punish speculators?

What say you Senator Burr? I dare your sorry, pathetic ass to step to the microphone and criticize lower oil prices. But I don't put it past dickhead Republicans like you to constantly kick middle class America in the teeth.

North Carolina deserves better than Republican Senator Richard Burr.

Cantor pulls the idiot card out of the deck. Republicans SUCK

So, Eric Cantor just announces that he is not willing to compromise. We can't raise income taxes? Billionaires pay net effective federal income taxes at rates lower than middle class Americans. Total taxes paid by Americans are at the lowest level in 60 years. Half of Americans don't even pay income taxes. But, we are in debt up to our eyeballs. The American people should not pay more taxes in order to balance our budgets? Are you 'effing nuts Eric?

Is that not insane? At a time where fear of what the idiots in Washington DC will do has the professional trading community hitting the sell button, and destroying our savings, Eric Cantor and the Republican Party want to act like 5 year olds, in a highly irresponsible manner, and kill off our financial markets. Plunging economic activity and significantly higher unemployment will follow.

FUCK YOU ERIC. AND FUCK MY REPUBLICAN PARTY.

It should be crystal clear now why I think my current day Republican Party are populated with idiot politicians. They can all go to hell.

Note to VP Biden - Treat Cantor like a 5 year old. Put him in the corner and ignore his childish actions. In other words, lock his sorry ass out of the room and throw away the key.

North Carolina deserves better than our good for nothing Republican Senator Richard Burr, that's for darn sure.

More fear. Watch Burr and Republicans kill off our economy.

As I type, the financial markets are in a state of fear again. We're down over 200 in the DOW and the VXX (gauge of fear) is trading 5%+ higher. The negativity within the professional trading community is simply off the map. I read all the negativity daily in blogs, discussion boards and in Wall Street research and related press, and I hear it on CNBC and Bloomberg. It's a never ending drumbeat of negativity.

I can't recall a point in my 12 years of trading that it has been this bad. Not even in the fall of '08. Back then, no one had a clue how bad our world's economic situation was. We didn't know until after the fact just how terrible the failure of Lehman and AIG would impact our markets. We didn't know the extent of wealth that would get destroyed, causing a cascading effect of selling, until much later. We didn't know until after the fact that housing would crash and burn so badly. We were reacting to the bad news after it was delivered.

It's different this time. It seems that professional traders are anticipating some absolutely horrible news on the horizon. Take your pick. Wars all around. Peak oil. Greece. Over-leveraged governments. Idiots in Washington DC. A relentless Republican attack machine. Austerity staring us in the face. How in the hell can anyone be positive in this environment?

And that's where our political leaders fail us miserably. Not a one. Not a single politician out there is making one ounce of effort to be positive on America. Not even the 3rd string bench warmers, like our good for nothing Republican Senator Richard Burr, has a clue just how psychologically damaging it is to Americans when our politicians do nothing but point fingers and criticize.

They're all idiots. And they all deserve to have their sorry butts kicked to the curb. But the ones who've been there the longest are the most deserving of our wrath. And that includes our sorry Republican Senator Richard Burr. He's been in Washington DC for 15 years, yet he still launches psychologically damaging attacks placing the blame on everyone but himself.

Look in the mirror Senator Burr. You're the problem.

North Carolina deserves better than Republican Senator Richard Burr.

Michele Bachmann's (or Richard Burr's?) Holy War

This Rolling Stone piece on Michele Bachmann is a real eye opener. It's simply stunning. I now truly fear for our country. And I am convinced, more than ever, that ultra right wing nut jobs have entirely hi-jacked my Republican Party. Don't kid yourself, Michele Bachmann and Richard Burr are joined at the hip. Burr is simply significantly more quiet in how he approaches his task of ruining America in the name of Jesus.

If these nuts continue to influence our government, we're in real trouble. Simply put, we're screwed. It's past time to seek citizenship in Switzerland.

North Carolina deserves better than Republican Senator Richard Burr.

Wednesday, June 22, 2011

James Rickards explains why our politicians suck

Jim Rickards, a Managing Director @ Omnis, was on CNBC this morning. This guy is one of the very most brilliant at cutting through bullshit, and telling investors exactly what's going on in the world's financial markets. When Jim comes on CNBC, everything stops behind my trading screens. My eyes are glued to Jim and my ears are soaking up everything he says. And it was worth the effort this morning.

Jim did the most brilliant job I've ever heard in explaining why Credit Default Swaps are so very dangerous:

"You have the potential for the Lehman moment. The fall of the bonds, the credit default swap market, and the the derivatives. But the problem is like saying there's a mine field, I want you to walk across it. There's two mines. If I don't know where they are, I'm not going to go. If Greek debt falls, technically they're nontransparent, hedge funds, all over the place. So I'm going to withdraw from the bank market and the money market. That's what causes the Lehman moment. It's not that it's so big, it's fear and uncertainty."

Let's stop right here and remind ourselves of a few things:

  • It was 3 full years ago that these dangerous CDS derivative securities almost brought down our entire world financial market, and yet we've done absolutely nothing to rein them in.
  • In 3 years we've made zero progress in making this market transparent.
  • In 3 years we've done nothing to move these dangerous financial instruments onto exchanges.
  • In 3 years we're in the same damn situation with Greek Debt and CDS that we were in with Sub-prime housing debt and CDS in the fall of 2008.
  • Republicans are to blame - those 'effing assholes fight tooth and nail to give our Bankers the ability to keep these dangerous securities in the dark.
Why do we even allow these POS, worthless, good for nothing securities to exist? According to our esteemed former Chairman of the Federal Reserve Board, Alan Greenspan, a laissez-faire Republican, these instruments exist in order to spread risk across the entire financial system. That is nothing but pure T crap. These things don't spread risk. They make the entire system one giant RISK ! Without transparency and knowledge of who holds what in the way of risk, everyone runs for the exit at the whiff of any danger, thereby RISKING bringing down our entire world economy. Greenspan was wrong. Republicans who stand behind allowing banks to trade these damn things are idiots.

Republicans, like my good for nothing, POS, worthless Republican Senator Richard Burr better get off their ass and address this problem soon. If they continue to kiss bankers tails and fail to clean this mess up, then we are at risk of watching a horror show in our world financial markets that will put 2008 and The Great Depression to shame.

Our Republican Senator, Richard Burr, is an idiot. This man sits on the powerful Senator Finance Committee. But I guarantee you, our idiot Senator wouldn't know a CDS if it reached up and bit the moron in the ass. He'll do nothing, until after its too late. Richard Burr is a wasted suit, and his ignorance is going to contribute to crashing our world financial markets. Bank on it.

North Carolina deserves better than Republican Senator Richard Burr.

Tuesday, June 21, 2011

Bill Gross to Republicans - you are 'effing nuts

Republicans = Austerity = Deficit reduction = Low taxes = Job Growth = Rosy economy.

Bill Gross to Republicans - you people are 'effing nuts if you think you can make drastic budget cuts, keep taxes flat, and then grow jobs and the economy.

Yes Bill, our current day Republican politicians in Washington DC are idiots. Including my moron of a Republican Senator, Richard Burr.

North Carolina deserves better than Republican Senator Richard Burr.

Friday, June 17, 2011

Good Richard Burr Bumper Stickers #SenatorBurr #Idiot

Burr: Let's End the Error
Burr: If You Want a Nation Ruled By Religion, Move to Iran
Burr: Like a Rock - Only Dumber
If You Can Read This, You're Not Our Republican Senator
Burr Supporters: Embarrassed Yet?
Burr: Who's God Do You Kill For?
Burr: Seriously, Why Did We Invade Iraq?
Burr: God's Way of Proving Intelligent Design is Full of Crap
Burr: We need a Senator who at least has a brain
Burr: You Elected Him. You Deserve Him
When Burr Took Office, Gas Was $1.46
Burr: Pray For Impeachment
Burr's Republican Party: Our Bridge to the 11th Century
Burr: At Least Nixon Resigned
Burr: $10 Trillion Man. Debt when he took office:$4T, Now:$14T
Forget ObamaCare, Let's repeal Senator Burr

Got any other good ones? Send me an email.

Rude Awakening ahead for Republicians

I have news for the clueless Republican politicians in Washington DC. They're in store for one hell of a rude awakening. And when it does come about, it's going to be too late for our party. Republicans are going to get their tails kicked out of office, in mass, faster than a blink of an eye. And that day is coming sooner rather than later.

Why am I so confident in making that prediction? Austerity. Republicans are all about austerity and drastic cuts to the federal budget. Republicans are all about privatizing health care (code for drastic cuts). Republicans are all about drastic cuts to social security. And while most of America appear to support this cause, the vast majority of Americans simply don't have a clue how that's going to impact their own lives. They are all walking around in a fantasy land thinking it's the other guy who will take the hit.

Face it, Americans are walking around in a stupor. They haven't taken the time to understand our country's finances. They don't know what's really going on. But when they actually awake from their stupor, come to understand how these cuts will impact their wallets and their lifestyles, their anger will make Greece look like a picnic. And that anger will be directed at the party pushing for the cuts, and pushing to keep the ultra wealthy intact with ultra low income tax rates. And it's going to get ugly for the Republican party.

Republicans are taking us down the path to reaching into the average American's pocket and taking out massive wads of money. And they're not laying the foundation to ensure that Americans truly understand the impact. But when it happens, Republicans are going to suffer the wrath of angry America.

When that day comes, soon, this is what's its going to look like.

Thursday, June 16, 2011

Fear, everywhere

There's fear in our financial markets. Everywhere.

Although the major indices are only off a fraction of a percent as I type, the VXX, a measure of financial fear, is up almost 8% today. Why? Greece. Uncertainty. An inability to tell who has what exposure to Greek debt. Everyone's blind and in a panic, because no one in our government has done a damn thing to bring clarity to the trading in CDS securities.

Thank you Senator Richard Burr. Thank you for being a fucking jackass in fighting any and all efforts to regulate our banks. Thank you sitting back and doing nothing to regulate bank trading in CDS derivatives - financial instruments of mass destruction. Thank you for sitting on your sorry ass and allowing banks to once again crush our financial markets and kill off our economy.

North Carolina deserves better than our worthless, POS, good for nothing Republican Senator Richard Burr.

It's started

The anger is emerging. Finally. CNBC, our nation's business news channel, is full of shouting and screaming this morning. It's turned into a political partisan shouting match.

That's a sign. Our country is on the verge of going to hell economically. Watch. Learn. As it progresses, there will be street protests, violence, bloodshed, death. It's going to get ugly in America.

Who's to blame? The likes of our golfing lawnmower salesman of a Senator, Republican Richard Burr. Our Republican party screwed our country by under-taxing, overspending, waging senseless wars, and turning their backs on reasonable and rational regulation.

We're screwed.

Wednesday, June 15, 2011

We don't know the extent of the risk that's out there ... Why?

Our financial markets are getting clobbered. I'm glued to investment TV (CNBC and Bloomberg) this evening listening to interviews of professional investors and traders as they discuss the Greek situation. Larry Kudlow's show on CNBC this evening was interesting. Larry interviewed Boris Schlossberg, GFT's head of ForEx Research. Boris did an excellent job of summarizing why our markets are in panic mode. He simply pointed out that the extent of the risk out there is unknown as it pertains to Greek debt. We simply do not know who is at risk of losing how much, if and when Greece defaults on its debts. This is exactly what caused the panic of Lehman and AIG in the fall of 2008. Back then, we simply did not know who was on the hook for sub-prime housing debt and by how much.

We don't know.

We don't know.

We don't know.

But why don't we know?

We don't know because we still allow our fucking banks to write, trade, own insurance on financial instruments, with no collateral backing, not traded on an organized exchange, and where anyone can trade the insurance whether or not they have an economic interest in the underlying asset that is being insured. In other words, even if Greece had only $1 in debt outstanding, for all we know, there could be $100 Trillion in bets against that $1. And US Banks could carry all, or none. We just don't know. But we do know that the cascading effect of the losses incurred on that $100 Trillion in bets could take down our entire world financial system. BUT, NO ONE KNOWS. We're blind. We're in a panic. And we're running for the exits.

How in the living hell, three full years after Lehman and AIG, could we still be in this situation?

Republicans. They don't want sensible, reasonable, rational regulation. Republicans. They kiss the ass of every overpaid banking executive in our country and fight to the death to allow these bankers to continue to take out-sized risks. Republicans. They continue to fight against regulating the CDS market (insurance on debt). Republicans are once again going to screw America.

If you're reading this and find yourselves with significantly less savings as a result of a Greek debt default disaster in the coming weeks, you only have yourself to blame if you voted for our worthless, POS, good for nothing moron of a Senator, Richard Burr. It's the ignorance of the Richard Burr's of the world that put us in a situation where we continue to be held hostage by the gambling going on in our banks. It needs to stop. We need to wake up and kick Republicans out of office.

But, if I'm right. It's too late. The Greek situation is going to be a debacle. It will be the straw that breaks the back of the world economy and sends the entire world into a lengthy period of chaos.

We deserve better than ignorant, worthless, POS, good for nothing politicians like Republican Senator Richard Burr.

While the American economy sinks into the abyss, Senator Richard Burr talks about ... golf

Our country is $14 Trillion in debt. Our annual deficits are over $1 Trillion. Unemployment is over 9%. Underemployment is said to be approaching 20%. Our nation's Billionaires pay effective income tax rates lower than middle class Americans. We are at war on the foreign soil of 3 different countries. We have kissed our nation's bankers' asses to the point that they gamble away their capital at will. And with all this crap going on right now, our State's Senator is interviewed about an upcoming golf match between our Democratic President and our Republican Speaker of the House .... and all our POS, good for nothing, worthless Senator can talk about is the intensity of the Speaker's golf game?

It is absolutely shameful that we have a golfing, lawnmower salesman representing North Carolina in the United States Senate. This man is worthless.

North Carolina deserves better than Republican Senator Richard Burr.

It's Lehman all over again, because the likes of politicians like Republican Senator Richard Burr sat on their lazy asses and did nothing


Our stock market is going down, hard. And we're nowhere near the bottom. Why? Because Senator Richard Burr and his Republican buddies in Congress sat on their lazy asses and did NOTHING post Lehman and AIG. It's even worse. Not only did they do nothing. They have spent their time kissing all the asses of every overpaid bank executive in our country. When your 401 K, IRA, Roth, Coverdale, Pension Plan, 529, just plain old savings go up in smoke in the coming weeks, you can blame our good for nothing, POS, worthless, Senator Richard Burr.

What's the problem now? The problem now is the very same problem we had with Lehman and AIG, 3 years ago. Our US Banks have sold $40+ Billion in insurance against Greek Debt. So, when Greece defaults, our banks will be recording MASSIVE losses. $40 Billion will flow from our country, to Europe. There will be panic once again. Investors will flee the markets. It's going to get ugly.

How could we be here once again? How could we not have learned the lesson of Lehman and AIG? We're here because Richard Burr and Republicans kiss the asses of bankers. We're here because Richard Burr and Republicans have fought rational regulation tooth and nail. We're here because Republicans have fucked our country and allowed bankers to continue to write this risky insurance, put up zero collateral, and not trade this insurance over an organized exchange. So no one in our entire country has a fucking clue who is at risk and by how much. Now everyone is going to panic out the door. Its the fall of 2008 all over again, because Republican politicians are fucking idiots.

Thank you Richard Burr. Thank you for being in the pocket of the bankers. Thank you for doing absolutely nothing while bankers gamble away our capital. Thank you for being a worthless, piece of crap, good for nothing, moron and destroying our nation's security markets, our economy, our country.

Tuesday, June 14, 2011

ATTACK, ATTACK, ATTACK


I'm sitting here this morning watching Rep Von Hollen (D) and Rep Price (R) being interviewed on CNBC. The Democrat leads off with encouraging words about an ability for Washington to come to a resolution on budget talks and debt ceilings. He's upbeat. Those positive vibes are making me feel good. Something good might get accomplished.

Then, that 'effing asswipe, Rep Price executes on the common day Republican strategy ..... ATTACK, ATTACK, ATTACK. Everything's Obama's fault. All the deficit spending is the fault of Democrats. The world is going to hell. Our economy is sinking. We're all going to die. Oh my GOD, the sky is falling and the earth will go up in flames.

But, vote Republican.

Republicans, like this 'effing, POS, worthless Rep Price, are simply clueless to the real problem in America today. We lack confidence. And as long as Republicans execute on a strategy of ATTACK, ATTACK, ATTACK ... Americans are never going to regain the confidence we need to spend, invest, hire, and live our lives with a ray of hope for the future.

I'm a member of the party of negativity. We destroyed the economy. We have no solutions to our nation's problems. All we know is how to cut taxes, wage wars, kiss bankers asses and spend money like drunken sailors. And these days, the only strategy we have for America is ATTACK, ATTACK, ATTACK.

Republican Politicians in Washington DC can all rot in hell. There isn't a single one worth a cent. They all need to be burned at the stake, after being hung from the highest tree. Every last one.

The #1 Republican Lie

Republican politicians lie, constantly. Sometimes these lies are devious. Republican politicians just want to pull the wool over your eyes and make you believe they have all the answers, and no one else has a clue. Most of the time though, Republican politicians are just plain stupid. They don't have a clue what they're talking about. My favorite, recent, often repeated, Republican lie? Printing money.

The grand Republican lie ... President Obama is letting Mr. Bernanke print money to the point that inflation will run wild. We have to stop printing money. Printing money is a sin. Printing money is the root of all evil. Printing money. Printing money. Oh my god the world is going to come to an end because those Democrats are printing money. Run for gold, because we're printing money.

When you hear a Republican moan about our great money printing machine, just ask them for the facts. Now then, Mr. Republican Politician, tell me again about how our nation's money supply indicates that we've allowed money printing to get out of hand? Then stand back and watch the idiot stand there, incapable of supporting the claim that we are printing money. Why? Because we aren't printing money.

The facts are explained pretty darn well by Niels Jensen in his June 2011 investment letter, here. Read it. And ask yourselves, how in the living hell have we gotten ourselves into the situation that we've elected Republican politicians who are economic idiots?

Mr. Bernanke's $600 Billion QE2 program that Republicans so hate, and claim it's money printing run wild? It's led to a $230 Billion increase in the money supply, from $1.7 Trillion and change to $1.9 Trillion in change. Big whoop. Over that same six month period, business loans have grown from about $600 Billion to around $640 Billion, only a $40 Billion increase. The banks are taking the money and not lending it out, for lack of loan demand. Money printing isn't happening because there is no lending. There is no lending because there is no demand for loans. There is no demand for loans, because everything is produced everywhere but in America. Who's the blame for that sorry state of affairs?

Don't get me started on how the Republican Bush administration screwed our country by standing around with stupid grins on their faces while our manufacturing base left for China.

We're not printing money. Inflation is not a problem. Nor will it be in the near term. Our problem is the stupidity of the Republican politicians and how they allowed China to kick our ass and take away our manufacturing base. And a long string of Republican free trade agreements, and the idiocy in how we take a soft glove approach to China are to blame. Republicans are to blame.

The Republican Debate

I watched some of the Republican Presidential Candidate debate the other evening. It was funny. I've never seen so many stupid clowns on the stage at one time. It was a race to the bottom of the stupidity barrel. I should have just tuned into the comedy channel. It would have been more informative and contained significantly more substance.

Obama's not getting the job done. But, as Republicans, we got nothing ... but shame for ruining America.

Friday, June 10, 2011

I will vote for a Republican who ...

I will vote for a Republican who:
  1. Clearly communicates that a balanced approach of both raising taxes, and cutting expenses, is the only rational solution to our nation's budgetary problems.
  2. Who tells us that its shameful that 50% of Americans pay no federal income taxes at all, and even more shameful that our nation's Billionaires pay all-in effective taxes at rates lower than middle class Americans.
  3. Admits that we can no longer afford to spend more annually on our US Military than the next 14 nations combined, so we must make deep cuts to defense spending.
  4. Owns up to the fact that we can no longer afford to be policeman to the world, so its past time to close all US military bases outside of our country and bring all of our troops home.
  5. Who talks only about proposed solutions, and refrains entirely from pointing fingers at anyone and everyone not belonging to the Republican party.
  6. Who admits that trickle down economics is total crap.
  7. Who is smart enough to realize that salary expenses comprise 70% of medical costs, and we therefore must solve our medical crises by attacking the uber high salaries paid to medical professionals.
  8. Indicates that bankers are the enemy, and not our best buddies.
  9. Shows us that the answer to reducing our nation's outrageous college costs is to force professors to actually teach a full load.
  10. Who pounds the hell out of the table and demands that shareholders are given the right of a binding vote on the pay packages of key executives working in public companies - after all, we own the god damn companies in the first place.
  11. Who stands up to China and demands that they STOP manipulating their currency.
  12. Thinks it's absolutely egregious that our nation's justice department can't manage to throw a couple thousand bankers in jail for the TRILLIONS in lost wealth resulting from this latest financial crises.
  13. Labels Laissez-faire as nothing but hooey, and tells us a level playing field for all Americans, in all facets of life, is only possible with reasonable and rational regulations, and effective enforcement of those regulations.
  14. Who, when given privileged information about a potential financial crises in our nation, won't immediately hop on the 'effing phone, call his wife, and encourage her to run to the nearest ATM machine and withdraw as much cash as possible.
I won't ever be voting for our sorry, good for nothing, POS, worthless Republican Senator Richard Burr.

North Carolina deserves better than Senator Richard Burr.

Wednesday, June 8, 2011

It's time for Republicans to face reality

I get really, really pissed off when I see articles like this one.

We spend more money on our Military complex than the next 14 nations COMBINED. WTF? This is the direct result of the Republican War machine. And it has to stop. We're broke. We can't afford health care, food stamps, education ... but by damn, we can buy tanks, guns and airplanes? STOP THIS CRAZY SHIT, NOW !

Hear that you worthless, POS, good for nothing Senator Richard Burr? How in the living hell can our bankrupt nation afford to throw this much money at conducting war, when our people aren't fed, educated and cared for in their old age? Wise up you idiot. It's time to take a sharp knife to our defense department.

North Carolina deserves better than our worthless, POS, good for nothing Republican Senator Richard Burr.

Republican says the answer to all our problems is ... SURPRISE ... massive tax cuts


Did you hear Republican Presidential Candidate Pawlenty on CNBC this morning? His main theme on why we need to elect this Republican to the Presidency? MORE TAX CUTS. WE NEED MORE, MASSIVE TAX CUTS ! Yep. And pigs bark, cows meow, and cats oink. We need more tax cuts like we need a hole in our heads.

Every Republican in Washington DC has one really good skill set. They are all good at blaming everyone else for everything wrong. Yet, they offer not a single decent solution. And when pressed to come up with a plan, their only answer is to ... surprise ... cut taxes.

We had a decade of Bush tax cuts. Now we have $14 Trillion in debt, high unemployment, a stagnant economy, and a very high concentration of wealth in the hands of a very few. So, how'd those Republican tax cuts work out for us? 'nuff said. Republicans who constantly pound on the need for more income tax cuts are Republicans without a brain. They are better off in the Land of Oz in search of a brain from the Wizard than they are running for President of the United States.

I've had enough of my Republican Party of single-minded tax cut morons who currently serve in Washington DC. I want solutions. Solutions involve ALL alternatives. We need to raise taxes as well as cut expenses. More people need to pay income taxes in our country. We can't have a situation where 50% of Americans pay no federal income tax. Nor can we have our current situation where Billionaires pay effective all-in tax rates that are lower than most middle class Americans. It's time for change. It's time to kick every sorry assed Republican out of Washington DC who ONLY talks about tax cuts. And our sorry, good for nothing, POS Senator Richard Burr is all about tax cuts. Kick his tail to the curb.

North Carolina deserves better than our sorry, good for nothing, POS, Republican Senator Richard Burr.

Idiotic Republican idea of brief default to tank your retirement plan. Thank you Senator Richard Burr. Moron.


The latest lunacy coming from Republicans? Let's go ahead and default on our national debt. Let's try to do it for a temporary period of time so that we'll force drastic spending cuts. Current day Republicans serving in Washington DC are simply idiots. And that goes for North Carolina's good for nothing, POS, worthless Senator Richard Burr.

Great. There goes your IRA, pension plan, Roth, Coverdale, 529 savings. This news of Republican idiocy has been circling around Wall Street trading pits for a few days now. It got widely distributed yesterday. The markets are getting whacked, hard. The major stock indices are down 5 days in a row, and we're headed much lower this morning. The traders on Wall Street know what a default on our debt will do to our nation's financial systems - unleash panic and havoc of the likes of the collapse of Lehman brothers in the fall of 2008. Your savings are going up in smoke again, thanks to the idiocy of morons like Senator Richard Burr and the idiotic current day Republicans serving us in Washington DC.

How can this happen? It's easy. Wealthy Wall Street Republican Hedge Fund Managers have gotten short the market and then convinced naive Republican Politicians that's its OK to default. These Hedge Fund managers, like Stanley Druckenmiller, makes Billions. The American people lose. The American economy goes down the drain. My god, we have such idiotic Republicans representing us in Washington DC.

And watch how this unfolds. It's going to be a nightmare for our country and our economy. Republicans are going to take us down the road to hell once again, then they'll point fingers and blame it on everyone but themselves.

I'm just plain tired. I'm tired of Republican idiots like Richard Burr who don't have an 'effing clue how our financial markets and economy work. We have idiots at the helm. And we can only blame ourselves for what is about to unfold. We voted for idiots like Richard Burr. So, we need to look in the mirror when it comes time to ask how we could have arrived at the point that our savings are gone, we have no jobs, our house is being repossessed, and there's no food in the refrigerator. It's our fault for sending naive Republican idiots to Washington DC.

North Carolina deserves better than our worthless, POS, good for nothing Republican Senator Richard Burr.

Monday, June 6, 2011

Senator Richard Burr - sad news


WASHINGTON (Reuters) - A tragic fire on Monday destroyed the personal library of Senator Richard Burr. His book was lost in the fire.

The Senator's spokesperson put the news in the best of light. "Fortunately, the Senator was still coloring in his book, so the loss was minimal. And by a stroke of luck, the Senator's ATM card, used as a book marker, was not damaged in the fire."

Elect Republicans

Let 'em have it. Let my Republican Party take control of Washington DC again. Give 'em the White House. Give 'em the Senate. Give 'em the House. Let 'em have it all. Then, once and for all, we can settle the debate as to who created the mess we're in right now. Let the Republican Party take the reins of power and run our country into the sewer, again. That's my mindset right now as I read all the stupid assed comments coming from current day Republican politicians in Washington DC.

The latest crap out the mouths of Republicans? Richard Shelby, the bare-footed, ignorant hick from Alabama continues to make a fool of himself and my party. The man is an idiot. Right up there with my good for nothing, POS, worthless Republican Senator Richard Burr. Time and again Senator Shelby says some of the dumbest things. Anyone with a lick of economic sense winds up doing a double-take. Richard crapped all over the nomination of Peter Diamond, a Nobel Prize winner in economics, to the Federal Reserve Board. Mr. Diamond withdrew his nomination. I'm just tired of the partisan politics of the likes of Senator Shelby that winds up preventing a Nobel Prize winning economist from serving our country. Stuff like this is just infuriating.

If it was up to Richard Shelby, we would have let our entire banking system collapse. Our nation would have been bankrupt. Bread lines? There would be no bread lines right now. We'd all be crapping in the woods and eating squirrels and rabbits. But for that ignorant SOB, Senator Shelby, them is good vittles. And I have little doubt that if we give Washington DC back to current day Republicans, outhouses will once again be back in vogue. And that would do Senator Shelby just fine.

So give it to idiots. Elect current day Republican politicians to run all of Washington D.C. But, buy a gun. Dig a hole in your backyard to crap in. And get used to eating critters. Because, a Republican controlled Washington DC is going to take us all back in time to 18th century, rural Alabama.

Friday, June 3, 2011

A view of Senator Richard Burr's Republican Party from our nation's securities trading pits

A very successful securities trader, with one of the most actively followed blogs in the financial world, had rather astute comments today about the Republican Party's gloating over this morning's weak employment report:

"I find it funny that the republicans did a press conference to milk the disappointing jobs report. HEY ASSHOLES: you had 8 years and you fucking nearly destroyed this country, with your asinine spending. These politicians are like whores, always fucking their constituents. I do not want to hear the left vs. right shit. Plainly, that sort of jargon is for ideologues without brains. Get it done and shut the fuck up about it."

Hey, no arguments from me on his views. I concur.

North Carolina deserves better than our sorry, POS, good for nothing Republican Senator Richard Burr.

Thursday, June 2, 2011

Senator Richard Burr on Leadership - that's calling the kettle black

North Carolina Republican Senator Richard Burr, my good for nothing, POS, worthless Senator, did a recent interview with a local ABC station. Senator Burr was critical of President Obama for not "leading".

Let's remind ourselves of the recent Republican "leadership" of our nation:
  1. Republicans took a surplus and turned it into a massive deficit.
  2. Republicans pushed a massive "ownership society" initiative that jacked up the home ownership rates in this country to the point that housing eventually crashed.
  3. Laissez-faire Republicans, like Senator Burr, took all the regulatory referees off the playing field to the point that our home mortgage markets were rife with worthless mortgages, which led to a crash of our banking system and massive taxpayer subsidy.
  4. Republicans turned a blind eye to energy and education costs that wound up ravaging our checkbooks.
  5. Republicans did absolutely nothing about our mess of a health care system.
  6. Republicans pushed 40% of our corn crop into ethanol, which wound up sending food costs through the roof.
  7. Republicans led us into an unfunded series of wars that added $1.5 Trillion to our debt and cost 10s of thousands of Americans their lives.
  8. Republicans gave a blank check to the pharma industry without any desire to negotiate pricing.
  9. Republicans established income tax policy that enables our nation's Billionaires to pay US income tax at rates lower than the vast majority of middle America.
  10. Republicans kiss bankers' asses and prevent any and all efforts to punish anyone for the senseless financial crises that we continue to suffer through.
Senator Burr - don't lecture us about leadership, you sorry SOB. You're worthless. You've accomplished absolutely NOTHING in your 15 years in Washington DC. You're not in any substantial "leadership" positions after 15 years? Just what the hell do you do up there for the people of North Carolina?

North Carolina deserves better than our sorry, POS, good for nothing Republican Senator Richard Burr.

Wednesday, June 1, 2011

Senator Richard Burr on the finance committee? Now, that's a joke.

I'm just now learning that Senator Richard Burr has been named to the finance committee. Now, that's really a big joke in itself. Have you seen the financial performance of this man's brokerage accounts? Richard Burr is a financial idiot. He's going to make a fool of himself. I can't wait to hear him question "The Ben Bernank" in committee hearings. Our stupid Senator's likely lead off queston ...

"Uhm, what can we do for average Americans to ensure that every American pot has an ATM in it? I mean, really, forget the chicken. Let's put an ATM in every pot. How do we get that done Mr. Bernanke?"

North Carolina deserves better than our idiot Republican Senator Richard Burr.

Senator Richard Burr is a Joke

While walking down the street one day, North Carolina Republican Senator Richard Burr is tragically hit by an ATM machine falling out of the sky. (You probably need to be from North Carolina to get the irony).

The Senator's soul arrives in heaven, where he's met by St. Peter.

"Welcome to Heaven," says St. Peter. "Before you settle in, we face a slight problem. We seldom see a US Senator here, so we're not sure what to do with you."

"No problem, just let me in." says Senator Burr

"Well, I'd like to, but I have orders from higher up. What we'll do is have you spend one day in Hell and one in Heaven. Then you can choose where to spend eternity."

"Really, I've made up my mind. I want to be in Heaven," says Senator Burr.

"I'm sorry but we have our rules." And with that, St. Peter escorts the Republican Senator to the elevator and the Senator goes down to Hell. The doors open and he finds himself in the middle of a green field of ATM Machines. In the distance is a clubhouse and standing in front of it are all his friends and other Republican politicians. Everyone is very happy and making copious ATM withdrawls. They run to greet him, hug him, and reminisce about the good times they had while getting rich at the expense of hard working middle class Americans. They spend all day long taking money out of ATM Machines, and in the evening they dine on lobster and caviar at the clubhouse. The Devil is right there with them (a Republican too), a very friendly guy who has a good time laughing and telling jokes.

They are having such a good time that, before he realizes it, it is time to go. Everyone gives him a big hug and waves while the elevator rises. The elevator goes up and the door reopens on Heaven where St. Peter is waiting for him.

"Now it's time to visit Heaven." So 24 hours pass with the Republican Senator joining a group of contented souls moving from cloud to cloud, playing the harp and singing. They have a good time and, before he realizes it, the 24 hours have gone by and St. Peter returns.

"Well then, you've spent a day in Hell and another day in Heaven. Now choose your eternity."

He reflects for a minute, then Senator Burr answers: "Well, I would never have thought it, I mean Heaven has been delightful, but I think I would be better off in Hell."

So Saint Peter escorts him to the elevator and he goes down to Hell. The doors of the elevator open and he is in the middle of a barren land covered with waste and garbage. All his friends are dressed in rags, poor, uneducated, in terrible health, living on the streets and using food stamps to buy what little food is available. The Devil comes over to Senator Burr and lays an arm around his neck.

"I don't understand," stammers Senator Burr. Yesterday I was here and there were green fields, ATMs stuffed with cash, and a clubhouse where we ate lobster and caviar, danced and had a great time. Now its just a wasteland full of garbage and my friends are miserable, poor, uneducated, in terrible health, and living in the gutters.

The Devil looks at him, smiles and says, "Yesterday we were living under a Democratic administration. Now that you've joined us, we're going to live like laissez-faire Republicans. Welcome to hell Senator Burr."

Own a Pitchfork yet?

We're about a year to 18 months away from major street riots in America. Do you own a pitchfork yet? If not, I'd suggest you go to Lowes or Home Depot sometime soon and stock up. They are going to be in short supply when the violence and rioting break out in America.

Our economy is on the verge of falling off the cliff, again. Housing is not anywhere near a bottom. Unemployment is set to spike appreciably higher. Our government is going to default. And our nation's financial markets will crash and burn. We're all going to be broke, and poor, and hungry, and madder than hell. Watch. Learn. It's going to get bad in our country. Soon.

I have a good pitch fork. It's long. And it's sharp. And I can't wait to put it to use in running the POS, good for nothing Republican politicians out of Washington DC. Republicans spent us into an nightmare debt problem, all the while under-taxing the ultra wealthy in our country. Republicans started unfunded wars, threw money at wealthy farmers, gave pharma companies blank checks, pushed their misguided ownership society program down the throats of stupid people and crashed our nation's housing markets, did nothing about runaway energy costs, looked the other way as education costs went nuts, passed out corporate tax breaks like candy, closed a blind eye to the mess we call "health care", and just plain acted like total morons while in control of both our White House and Congress. Republicans brought us this damn financial crises. They need to pay, with a pitch fork to the ass. I can't think of a more deserving bunch to be run out of town by pitch fork toting Americans.

My pitch fork has Republican Senator Richard Burr's name on it. The man is absolutely worthless. And this crises will end when every current day Republican is run out of office and stripped of any and all benefits of ever serving in government. Hopefully, if won't get so bad that some wind up swinging in the wind from the highest tree in town center. But, it's going to get bad enough economically in America that nothing is going to surprise me. Prepare yourself.

The bottom line though - North Carolina deserves better than our worthless, POS, good for nothing Republican Senator Richard Burr.

Senator Richard Burr - A good buddy to our nation's Billionaires

You ever heard of John Paulson? There are billions of reasons to know this man. But the vast majority of Americans have never heard of John.

John Paulson is a hedge fund manager, and best buddies with every Republican politician in Washington DC. Republicans protect John. Republicans, like our good for nothing, POS, worthless US Republican Senator Richard Burr will stop the world from spinning before they'd lift a finger to make John pay his fair share of US Income Taxes.

John Paulson personally made $4 Billion in 2008 by shorting the US Housing market. He made this money off the backs of US Banks that sold him insurance against a housing crash. These banks then had to be saved by the US Taxpayer. So, we paid John that $4 Billion.

Then John Paulson went on to personally make $5 Billion in 2010 by going long gold. Gold went through the roof and made John a ton of money because our nation went into massive debt in an effort to stop the economy from crashing as a result of the housing crises on which John made $4 Billion. John is good at kicking America in the teeth and making tons of money doing it.

How much in income taxes did John pay? 15%. Hell, almost every middle class American paid taxes at a higher federal income tax rate than John Paulson. Far higher. Why is this? Because Republicans insist that hedge fund managers be able to have their income classified as what's called "carried interest". This stupid assed, POS, dumber than dirt income tax break costs Americans Billions and Billions in income tax revenue. And the real rub? It's on income largely made as a result of hedge fund managers like John Paulson picking the pockets of the pensions, IRAs, Roths, Coverdales and other savings of average Americans. John screws America by making money off their savings, then screws us again by paying far lower income taxes than almost every hard working, middle class American, thanks to Republican politicians.

For years now, Democrats have fought tooth and nail to stop this silly income tax break for hedge fund managers. For years now, Republicans have fought tooth and nail to protect the ultra low income tax rates for these thieves. And our worthless, POS, good for nothing Republican Senator Richard Burr is among those who protect the John Paulson's of the world.

North Carolina simply deserves better than Republican Senator Richard Burr.