Off-Topic: Hang onto your 201k....er 401k's

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	Name:	MartiniMan -
	Subject:	Hang onto your 201k....er 401k's
	Date:	8/12/2010 10:07:50 AM

The bad news is about to roll big time so expect another bog drop in what is left of your 401k. To whit:

1. Near record 93,000 home foreclosures
2. Jobless claims up to 484,000 last week
3. GDP revised downward by over 1% from Q1
4. Home prices are dropping despite near record low interest rates
5. Chinese industrial output falling indicating world wide recession may be starting
6. Trade deficit increasing which will crush growth
7. Deficit increased by $165,000,000,000 in ONE MONTH..that's $165 billion which was the average ANNUAL deficit under Bush
8. Poll after poll showing consumer sentiment is wildly negative

I am more convinced than ever that we are headed toward a double-dip recession because of the feckless OCarter administration's policies along with the fiscal insanity of the leadership in the House and Senate. And all this before the largest increase in federal taxes in 2011 for every single American that pays taxes. Every single rate goes up and in fact the lower rates go up significantly more than the higher rates on a percentage basis.

It is no surprise that OCarter's PAI is at -22. He is simply not up to the job and must be replaced in order for this country to survive. First step in November is to send Reid/Pelosi to the ash heap of history along with communism. Then we have to defeat Obama. It is the only way the Republic will survive.