I have not posted on this blog for many months now mainly because I didn't have anything new to say and quite frankly no one really sees it anyway. That's fine- it's really just a way for me to vent. Others such as Mish, Charles Hugh Smith, Zerohedge and others have much more in depth and technical information that I can provide. This blog was from the outset simply a way for me to point out what I think is wrong with the world and just to bitch in general.
I am no supporter of the current administration and have to agree with Rush in the larger sense in regard to my desire to see their policies fail. Having said that, I have to say that while am a general detractor of their positions, I am currently mad as hell about a couple of things. First, I have to say as someone who is very conservative AND very concerned about our environment, while I understand that the "Big O" can hardly be expected to swim down a mile and plug the leak himself, the spin involved in this thing is completely absurd. How about some truth and honesty here? And not just from Obama, how about Big Sis also. The truth is, the damn situation is or was out of control, and no one really know how to handle it. No one knows what the final result will be- but it doesn't take a PhD. to know it won't be good. How about simply "we are doing the best we can" and then really do the best you can?
My other big beef is the latest jobs report that took the market for a ride down on Fri. The advance jobs report sounded good and offered a nice bump up in the market early in the week. The thing is, the jobs report wasn't worth shit and the administration knew it wasn't worth shit. The amount of spin on that report was disgusting. Rather, not the report itself but the chest-thumping about the report. You know, "Economy going in right direction" and that sort of effort. I know Obama is an intelligent guy but really? Can he really believe that? Is it spin on his part or is he simply reading what he has been given to say? Well, one thing is for sure. The Street saw the report for what it was-abysmal.
My sense, for what it's worth, is probably like millions of other folks' out there. Things are bad and getting worse. That feeling is backed up by people like Gerald Celente and Peter Schiff among many others. Before you write those guys off as simply gloom and doomers, remember that they have forecast our current situations much more accurately than the majority of economists and forecasters. These guys simply state the facts and extrapolate and trajectory from there. The optimists issue cheery forecasts based on what they hope will happen. In my opinion that is potentially a huge disservice to us all. Someone needs to stand in front of the American people and give it to us straight. Prepare for the worst and hope for the best.