Pissing into the Wind

That is what I have done for the past year. No doubt about it. I have been an uber-bear and the tape has ripped in my face by 70%. I am man enough to own up to being dead wrong for 9 months. By October I could not continue to write on and on about how the world was going to fall apart again....it was just like pissing into the wind.

Fast forward to 2010 (it is amazing how things change in a few months) and it does appear that a few chinks in the Obama Economic team are starting to appear.

Lets just deal with Holiday Sales were. The data that has recently been published is quite contrary to the data points being jammed down American's throats in an effort to keep the Obama Administration's plan of hope and hype to continue. In reality, the Commerce Department released numbers last week indicating that retail sales FELL by .03% in the month of December. Were you aware of that fact? I doubt it because it would run counter to the Administration's plan to feed you data you need to hear, not want to hear. Let me explain a simple fact to you out there: THAT IS NOT A SIGN OF A TRUE RECOVERY!!!! Take a look at the chart below I pulled from Reuters.



Now...granted the chart looks a hell of a lot better than 2008. However, a RECOVERY is what we have been talking about, but in reality what we have is a very fragile stability from April through the end of 09. This brings me to the beginning of what I feel will be months and months if not years of ranting again about bad policy coming from D.C.

Take a look at this chart:

Notice anything strange in this one? See that big spike in jobless claims that started again? Know what that means? There is ONLY ONE answer: The Obama Administration has failed to create any sustainable jobs for the American people. Zip. Zero. Zilch. None.

When Obama ran for office and shortly after taking office, he promised real job creation. This was to be driven by the revamping and recreation of our country's infrastructure that is in desperate need of repair. Moreover clean energy jobs were to be created right out of the shoot, also helping the unemployed find new but more importantly sustainable jobs for the future. THIS HAS NOT HAPPENED.

Instead, as you all know the Dopes at 1500 Pennsylvania decided to change health care for the last year. Now that that is dead on arrival....they announced they are focused on job creation. WHAT A FUCKING JOKE. What the Democrats have proven in year 1 of the Obama term is that they cannot look out for others. They cannot spend, spend and spend more. Nothing that has happened in DC this year has had a positive impact on the average American (I do not include bullshit printing of money to give to consumers for programs like cash for clunkers as that free money will be the real undoing of our economy in the years to come).

People have less money, fewer prospects for new or sustainable jobs and more uncertainty about their future than they ever have. This is why you see Democrats being thrown out of office and being replaced by Republicans. It is the ONLY reason, despite what liberals will try and tell you. The libs actually had the audacity this week to try and argue with me that Massachusetts is NOT that liberal any longer and its not the Blue state many think it is. Pa-Leeese.

What we saw in Massachusetts this week was a populist revolt AGAINST Obama and his policies. It is not the first time this year we have seen it but clearly it is the most pronounced due to the direct correlation to the ability of one party's intent to jam a 1500 page bill down the American public's collective throat. Kudos to the voters of Massachusetts. No better message could have been sent then to elect a Republican to Ted Kennedy's seat in Congress.

Given the bullshit in DC these days, the new war on Banks being led by Mr. Obama and the complete inability to create on single new job for Americans has got me off the bench and man it feels good to NOT be pissing into the wind any longer. It feels good to be back, even better to vent.