Anti-Bailout Crybabies Make Me Go ROFL

By iamned - Last updated: Tuesday, May 12, 2009 - Save & Share - One Comment

The following econ events are due this morning:

7:45 ICSC Retail Store Sales
8:20 Fed’s Lockhart speaks at the Atlanta Fed’s Financial Markets Conference
8:30 International Trade
8:55 Redbook
2:00 PM Treasury Budget
5:00 PM ABC Consumer Confidence Index

None of these will have a negative impact on the stock market. Buy all dips.

A blogger who shall remain anonymous posted this rant a couple months ago when the DJIA reversed an intra-day 250 point loss on news of government intervention.

gg

It’s contradictory how these short sellers cry socialist whenever their positions goes against them due to bailout and stimulus initiatives, but extol the virtues of free market capitalism when they are successful. So it’s called capitalism when you money, but socialism when you lose money? LOL that makes perfect sense. No wonder these fools have such a large following and Prozac is a $10 billion/year drug…

But what about these banana republic crybabies? Here is a amusing rant by a seeking alpha author:

Was that an exaggeration? We will find out, but Obama has gone a lot further than any of his predecessors toward making America a banana republic. I spent part of the late 1980s and early 1990s globe-trotting with the notion that the Reagan economic revolution could be exported. My then business partner, the late Jude Wanniski, had coined the phrase “supply-side economics” to characterize Robert Mundell’s economic recovery plan.

Banana or no banana I can’t complain. My Google, Mastercard, and Potash stock have been on a phenomenal rally for the past two moths thanks to the stimulus & bailout efforts of Geithner, Bernanke, and Obama. The economy is turning around, and the fact that I and others are making money hand over fist in this bull market can be attributed to capitalism. So I choose to make money instead of pounding the pavement over forces that are outside of my control.

CNBC and Fox Business news says there are no problems with te economy, as well as many analysts. Why can’t people understand that there is another perspective outside of the doom and gloom blogosphere echo chamber? Some people want the US economy and the stock market to do well. It’s good to present a balanced view so you can see both sides of an issue.

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One Response to “Anti-Bailout Crybabies Make Me Go ROFL”

Comment from Kevin
Time May 12, 2009 at 8:52 pm

Its called capitalism when you “make” money…

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