Obama’s economists

Innocent Bystanders does some yeoman’s work in reminding us all of what the stimulus package was supposed to do for the economy. I knew it would be an ineffective failure, but I have to admit, I didn’t think it would be such a complete nonentity. Although it has provided justification for a stock market sucker’s rally, so let’s give credit where credit is due.

With gentleman such as these in charge, who can doubt that concerns of Great Depression 2.0 will prove misplaced?

Who will you believe?

Maxim or your lying eyes:

For the first time the US First Lady has made Maxim magazine’s annual top 100 list of “hottest women in the world,” with Michelle Obama making the grade at number 93.

Beauty is in the eye of the beholder, of course, but I tend to doubt that Michelle Obama would make the top 100 list of “hottest primates in the world” if she was the only human in the contest. I think it’s probably going a bit too far to describe her as King Kong’s baby sister, but let’s face it, if one were to choose an animal analogy for her features, “gorilla-like” would spring to mind a lot faster than “aquiline”, “doe-eyed”, “vulpine”, or even “porcine”. When people write rapturously about the supposed beauty of the Obamas, it only makes me wonder where they live. Do they dwell in some sort of dank cave or abandoned mine inhabited solely by orcs, trolls, and goblins?

If Maxim feels the need to kiss the posterior of a national leader’s wife, they’d do a lot better to begin with these two.

Bilderberg decides

How would you like your Depression served?

Bilderberg is divided on whether to put into motion, “Either a prolonged, agonizing depression that dooms the world to decades of stagnation, decline and poverty … or an intense-but-shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency.”

The information takes on added weight when one considers the fact that Estulin’s previous economic forecasts, which were based on leaks from the same sources, have proven deadly accurate. Estulin correctly predicted the housing crash and the 2008 financial meltdown as a result of what his sources inside Bilderberg told him the elite were planning based on what was said at their 2006 meeting in Canada and the 2007 conference in Turkey. Details of the economic agenda were contained in a pre-meeting booklet being handed out to Bilderberg members. On a more specific note, Estulin warns that Bilderberg are fostering a false picture of economic recovery, suckering investors into ploughing their money back into the stock market again only to later unleash another massive downturn which will create “massive losses and searing financial pain in the months ahead,” according to a Canada Free Press report.

According to Estulin, Bilderberg is assuming that U.S. unemployment figures will reach around 14% by the end of the year, almost doubling the current official figure of 8.1 per cent.

I vote for short and intense, myself. It’s what the Austrians recommend, albeit without the new world order component. Obama and company are clearly pushing hard for prolonged and agonizing, though, with their mad Japanese scientist efforts to create zombie banks and corporations. But at least we’ve got an interesting prediction from Mr. Estulin regarding 14 percent official unemployment by December. That’s a bit less than I was expecting actually. I can’t say that predicting a push for enactment of the EU ConstitutionLisbon Treaty is exactly stunning, as it’s been obvious that the Irish would be forced to vote again since the day they voted no.

Just kill it already

GM plans to use its $27 billion in loansbailouts to import Chinese cars:

On Wednesday, Shanghai Securities News and other Chinese media reported that GM plans to begin exporting vehicles from China to the U.S. within two years, ramping up sales to more than 50,000 by 2014.

Corporations are soulless whores. That’s not a criticism, it’s just an observation. So, it makes no sense whatsoever for the Federal government to hand them money, as their only interest is funneling as much of it as possible to their executives. The important thing is corporatism is NOT capitalism and propping up dying corporate giants is an expressly anticapitalist action that can only harm the economy.

Macroeconomists are capable of calculating what some of the harmful effects of a bankruptcy will be, but what they’re not capable of calculating is what the harmful effects of propping one up will be, or the opportunity cost involved in redirecting the resources required to do so away from where the market forces would otherwise guide them.