Tuesday, September 28, 2010

Hogs at the Trough

I was not surprised by the facts in a Wall Street Journal article that I tore out before going on to my Epicurean camping trip.

"Washington Firms Soak Up Stimulus" - WSJ Sept. 17, 2010.

The Ruling Class Hogs made sure they wrote a "stimulus" bill to feed themselves and their friends and neighbors: "More than $3.7 billion of stimulus contracts, grants and loans have gone to recipients in the District of Columbia and two adjacent congressional districts—Maryland's 8th District and Virginia's 8th District. That amounts to nearly $2,000 for every resident—nearly three times the national average, according to a Wall Street Journal analysis of reports filed by recipients."

This shows the depths of greed and depravity of the Ruling Classes in DC. The people need help to recover from a bad recession caused by the Ruling Classes on Wall Street, and their cousins in DC write a stimulus bill to shower money on themselves and the coterie of hogs in DC. More: "More than $2.2 billion of the stimulus money awarded to the Washington area has gone to private firms, many of which are helping federal agencies with the administrative work generated by the sprawling effort: deciding how to award funds, drawing up contracts and monitoring and auditing spending. Some help federal agencies with their internal monitoring systems and public-relations efforts."

The P-O-R crowd gave stimulus money to the Federal government and firms providing it MORE services. Gosh, that's a hard pressed sector, isn't it. Obama touts "shovel-ready" projects and gives them peanuts, while he fills the trough for His, Rip-Off Harry Reid's and Nancy Pelosi's pals and supporters in the Federal government.

Of all metropolitan areas, Washington's is lowest; it's employment actually rose over the last 12 months. Yet the P-O-R Stimulus bill spent more money there than in truly depressed areas. Incredible greed !!!

The whole passel of hogs in DC needs to be booted out: the existing rulers in Congress, the administration and the entire lawyer-lobbyist clique. They are almost ALL dishonest. At a time of need for national leadership - the Panic and 2008 and its resulting Great Recession - they simply wanted more power and money for themselves. They are a ruling aristocracy gone lustful for MORE and MORE.

Actions

I sold a lot of money invested in TIPs [via the Vanguard index fund] as those prices reached new highs. Those levels are very, very risky as TIPs now yield very low rates and have very heavy risk of loss if rates go up. This is "sell high, buy low", "buy low, sell high". Krypto Fund is building it's cash pile and will reinvest it as asset valuation re-adjust and provide something cheap to buy. actions.

Word of the Day

"Emend" - verb [$20]
Emend means to remove errors or corruption.
Sentence: Voters must emend that crucial pillar of support of the Ruling Class this November by electing honest leaders who will vote to help the common people.

17 comments:

Bunkerman said...

it's rather obvious that home prices have roughly bottomed. I do not expect an energetic bounce as the banks have a lot of foreclosures to feed into any new demand.

Frosty said...

this jawboner has wwaaayyyyyyyyy to much hair on it.

Frosty said...

the fish...what about the fish...uuhhh fishing tirp.

mfl59 said...

it's rather obvious that home prices have roughly bottomed

huh? how is it so obvious good sir?

Bunkerman said...

when both monthly and year over year numbers are positive on average, that's rather despositive of a bottom.

not all locales, just the averages.

Bunkerman said...

Big Al's son caught the fish - I have to get the photos from him.

I'll be posting photos soon - even the Moose tracks and "maybe" one of me in action with the tomahawk.

certainly some of my hardtack breakfasts.

Spin-em said...

I agree Bunk..kick em all out..Kanjorski..hit the road.....although..I have no idea if newbies will be any better or "honest"

Spin-em said...

certainly some of my hardtack breakfasts.

yahoooooooooooooooooo!!.....

and "maybe" one of me in action with the tomahawk.

maybe if you didnt bring all that crap this year...you could have made White Fish Bay??? lol

Frosty said...

Sal do you own a bearskin turban sir?

Spin-em said...

we need to hear from Big Al's son

Spin-em said...

Tom Coughlin needs to go...he's lost his team....shut the F up mern your Eagles still suck

sorry Mrs B

Frosty said...

still have both lips after the kbar shaver bunk?

Bunkerman said...

oh, I chickened out on that, frosty.

I could have staged a photo, but that would not have been honest.

Frosty said...

FSIH PICS FISH PICS FISH PICS!!!!!!

Frosty said...

nonono worries lilshaver...I knew all along u didn't have the stones :)

Bunkerman said...

I just emailed Big Al for the fish pics.

Spin-em said...

yessssssss

Big Al's son...do you own a computer???....sign up pal...we need to talk..lol