Posted by Darth Venomous @ 10:26
Hey, remember when super-mega-gotbuxx-richtard Warren Buffet was begging Al-Obambi to tax him and his fellow gotbuxxes more?
But for those making more than $1 million – there were 236,883 such households in 2009 – I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more – there were 8,274 in 2009 – I would suggest an additional increase in rate.
Well, it turns out that yeah – he can talk – he wasn’t planning on paying ‘em anyway.
Posted by Darth Venomous @ 10:06
Denizens, remember when I said the other day…
Just a guess here, but anyone who thinks the Dow will gain Monday should come see me – I have this bridge I want to sell you.
It’s early, and this may or may not hold – the Dow on its best days is somewhat volatile – but as I write this, it’s fluctuating between 340 – 360 points of losses.
(UPDATE: Sure enough, the Dow started rallying right as I hit the “Publish” button – losses are now at 275 points & going up.)
Thanks, Imperial Socialist Congress. Thanks, Al-Obambi. Thanks, fiddy-twoers.
You fucking bastards.
UPDATE the 2nd: 634 points down at the closing bell.
Nice going, Bambi.
Posted by Darth Venomous @ 22:18
Item: The Conservatives4Palin blog reports that
Timmy Tax-Cheat Tim Geithner Timmy Tax-Cheat says he never had a real job.
And this assclown is in charge of the United States Treasury.
Posted by Darth Venomous @ 22:04
(Hat tip: NewsBusters – damn, Jodi Miller is hawt! )
By now, Denizens, most of you have seen the sickening visage of one Ed Whitacre, new chair-type-critter of Government Motors, touting the “fact” that GM paid off – WITH INTEREST, BAH GAWD!!! (a little Good Ol’ JR lingo there) and wrenching his arm from patting his own back. (There is a similar video below the fold.)
Posted by Darth Venomous @ 21:21
Most of my life, I’ve owned either GM or Ford vehicles. There were a couple of years when I owned a Honda Civic – lame little thing that could literally not hit 50 going downhill with a tailwind – but it was a four-on-the-floor, and that’s what counted.
Seeing, though, as they were all Fords or GMs, I had hoped one day to own a Dodge or Chrysler, just to see what the big deal was about them.
Sadly, however, that now won’t happen – because, just like GM, Chrysler has climbed into bed with the Ayatollah Obambi.
President Barack Obama announced Thursday that Chrysler would head into bankruptcy with the aid of up to another $8 billion in taxpayer money, a last-resort attempt to quickly restructure the struggling giant.
As part of the deal, Chrysler is signing a partnership with the Italian company Fiat. The government will be an investor in the revamped Chrysler and will help choose its new directors, but the Obama administration does not plan to help manage the company.
Oh, sure. Suuuuuuuuuuuuure it doesn’t. Like ol’ Jugears McHopenchange would pick directors from a list, say, of Tea Partiers.
Pull the other one, Soetero.
Bankruptcy doesn’t mean the nation’s No. 3 automaker will shut down. A Chapter 11 bankruptcy filing would allow a judge to decide how much the company’s creditors would get while the company continues to operate. The goal is for the whole process to happen quickly, Obama said, perhaps within a couple months.
Perhaps not – but if the American people wake up and smell the coffee on this one, they’ll run so far, so fast away from Chrysler that Iacocca’s old company won’t have any choice but to liquidate.
Unless, of course, the United Auto Workers
mob union which is gonna wind up owning the company after all this has some sort of “incentive” plan to compel us to buy their P’sOS. Kneecapping, perhaps – “buy ourse carses or else Luigi’s gonna come see youse”.
An offer we can’t refuse, indeed.
Shame. I was looking forward to test-driving a new Charger.
Posted by Darth Venomous @ 22:08
Um, ‘scuse me for saying so – but wasn’t that $25 billion or so of our tax dollars supposed to help put the kibosh on – oh, I dunno – this???
General Motors auditors have looked at the company’s dismal sales and its crushing debt and sky-high costs and said that the current factors “raise substantial doubt about [GM's] ability to continue as a going concern.”
It may be hard to imagine a more grim report: Despite already cutting thousands of jobs, pledging to eliminate three brands and receiving more than $13 billion in government loans, GM — one of the Big Three U.S. automakers — is still on the brink.
Hmmm. I definitely seem to remember that if they didn’t get that money RIGHT FUCKIN’ NOW!!!!!, that was a-gonna be it for ol’ GM. Yessirreebob, they wuz a-gonna take their marbles ‘n go home, they wuz, ayup.
The company is seeking nearly $17 billion more in government aid to keep running. But today’s 402-page annual report said that even an influx of government cash may not be enough to keep GM in business.
So, basically, we’ve blown roughly $25 billion to the auto companies, and it hasn’t helped one. Motherfucking. Bit. Do I have that about right?
Oh, BTW, anyone notice that Al-Obambi’s Dow
n Jones took yet another nosedive into territory not seen in 12 years?
Nice going, Demoscum. Dat dere’s summa dat Hopenchange, it is, ayup.
Posted by Darth Venomous @ 17:35
Boy howdy, how ’bout that Al-Obambi economy, hm?
The Dow took yet another beating Thursday. Not quite the 300-point bath of Tuesday, but still a significant near-90-point drop.
Significant because it dropped the Dow below 7500 – the lowest level since the bottoming out of the last bear market six-and-a-half years ago, a year after 9/11.
The move below that level dashed hopes that the doldrums of November would mark the ending point of a long slump in the market, which is now nearly halfway below the peak levels reached in October 2007.
The market’s inability to rally also signals that investors see no immediate end for the recession, which is already 14 months old and one of the most severe in decades. Investors also haven’t been impressed with two major economic initiatives from the Obama administration this week, an economic stimulus package and a mortgage relief plan.
“It is definitely, definitely a blow to psychology,” said Quincy Krosby, chief investment strategist at The Hartford. “There is more pessimism in the market as to when the economy is going to pick up steam.”
But…but…but…but I thought the coronation of THE MESSIAH!!! was supposed to bring HOPE AND CHAYYYYYNNNNNNNGGEE-UHHHH!!! to us poor, derelict, destitute Americans!!! The seas were going to part, the LIGHT was going to shine down and we were all going to bask in UNFATHOMABLE, ORGASMIC ECSTASY!!!!!
Mheh. Welcome to Real World 101, B. HUSSEIN Obambi. Lot easier to talk about it than it is to actually do it, ain’t it?
Thomas Sowell said it best in his column today:
Nothing in the amateurish way the current administration has begun suggests that they have mastered even the mechanics of governing, much less the complexities of the huge national problems looming ahead, at home and abroad.
In the final analysis, Denizens, that’s all these sorry pukes really are – amateurs. And it’s like we conservatives tried to warn everyone before the election – we couldn’t afford to have these incompetents undergo on-the-job training. Now we’re seeing the results of our collective (socialist pun not necessarily intended, but it fits) shortsightedness. With far worse to come.
Protect the powder, guys. I get the feeling it’s going to be needed sooner rather than later.
Posted by Darth Venomous @ 8:08
Inasmuch as I haven’t written squat in the last 48 hours, go read this.
That right there is why he’s the Emperor and I am but a lowly King & Tyrant.
KORRIOTH: What happened to “Sith Lord”?
VENOMOUS: That, too. Shut up.
Anyway, go read it. Go. Shoo.
Posted by Darth Venomous @ 11:36
Memo to “The 52″:
Congratulations on installing a bunch of economically incompetent fucks. Wall Street thinks you’re a bunch of damnfools.
US stocks fell sharply Tuesday in a broad-based decline as the government announced details of its latest bailout plan.
The Dow Jones Industrial Average was down nearly 300 points after Treasury Secretary Tim Geither revealed details of the bank-bailout plan. Earlier, the blue-chip index was down less than 100 points.
UPDATE: 382 points down at day’s end.
Yeah, you 52-percenters suuuuuure were smarties to entrust Demoscum with the economy.
Posted by Darth Venomous @ 9:48
Posted by Darth Venomous @ 20:04
Boy howdy, that $170 million inauguration sure fired up Wall Street, didn’t it?
The dawn of the Obama presidency could not shake the stock market from its dejection over the rapidly deteriorating state of the banking industry.
Financial stocks, many of them falling by double digit percentages, led a huge drop on Wall Street Tuesday that left the major indexes down more than 4 percent and the Dow Jones industrials down 332 points. Although traders on the floor of the New York Stock Exchange paused to watch the inauguration ceremony and Obama’s remarks, the transition of power didn’t erase investors’ intensifying concerns about struggling banks and their impact on the overall economy.
The Dow Jones industrial average fell 332.13, or 4.01 percent, to 7,949.09, its lowest close since Nov. 20, when the blue chips ended at 7,552.29 — their lowest point in more than five years. It was also the blue chips’ biggest drop since Dec. 1.
It was the worst Inauguration Day performance for the Dow, according to the article.
And you can’t blame Bush for this one, Donktards. I mean, not that I haven’t been blaming the Ayatollah for everything bad that’s happened since November – I have – but you can’t even argue with me on this one now. This one gets pinned on your empty suit – no ifs, ands or buts about it.
Enjoy the next four years, Donktards.
Posted by Darth Venomous @ 16:06
What with all the Hue & Cry about exhorbitant executive salaries, bonuses (bonusii?), perks, golden parachutes ‘n all – I don’t seem to recall any libtard biznotch screaming about this.
The Walt Disney Co.’s chief executive, Robert Iger, received a compensation package valued at $51.1 million in fiscal 2008, up 85 percent from a year earlier, according to an Associated Press calculation of figures disclosed in a regulatory filing made Friday. But most of it came in stock options that currently have little value.
Those options, which vest though 2013, were granted in January 2008 when Iger agreed to a new employment contract.
Iger’s salary was $2 million the fiscal year ended Sept. 27, unchanged from a year earlier, and he was given a performance-related bonus of $13.9 million, up from $13.7 million in fiscal 2007.
Gee, seems a little high for someone who’s basically watching over Uncle Walt’s legacy, isn’t it? Especially after he hasn’t done all that much to polish Disney’s image after Widdle Mikey Eisner spent all those years tarnishing it. All those less-than-wholesome movies (Touchstone and Miramax flicks come to mind), making the theme parks heterophobe-friendly, that sort of thing.
Why isn’t anyone screaming Bloody Fuckin’ Murder over any of that? Hmmmmmmmmmmm???
Oh, wait – it’s because we conservatives & Christians object to what Disney’s become over the years. Must be a Good Thing, then. Never mind.
Boggles de mind, it do.
Posted by Darth Venomous @ 18:20
I bought a Chevy Cavalier back in 2005 to get away from Ford, in part due to: 1) horrendously shitty gas mileage from my F150, and 2) equally shitty customer service.
That, and I was boycotting the at the request of Mr. Wildmon.
However, Mr. Wildmon has since called off the boycott – and none too soon, either. Because if I now want to buy a car from an American company, Ford’s my only option.
Because this morning, GM & Chrysler officially went on my shit list.
Posted by Darth Venomous @ 2:09
The Obambi economy is on its way back down again.
The Dow took another nosedive on Monday, finishing at 8,179 as Wall Street suddenly remember whom 62 million jackasses voted for in November.
Hey, Donktards, I’m just giving you pussies what you gave GW Bush for eight years. Not my fault you can dish it out but can’t take it.
Posted by Darth Venomous @ 21:18
And the hits (to the portfolio) just keep on coming.
The Dow dropped another 445 points today as investors, knowing what’s coming when Al-Obambi really does come to power, up and decided they want no part of it.
And make no mistake, Denizens – for all the votes that Jugears McHopenchange and his cronies at ACORN stole on November 4th, this is the real election.
The one, that is to say, that is being held by the producers. The movers & shakers. The ones who truly drive the economy. In other words, you fucking libtards…the rich.
And this is one election, you leftist Donk cuntmuffins, that neither you nor your pals at ACORN can steal. Widdle Willie Ayers and his skank Bernabitch Dohrn aren’t going to be able to help you here. They have seen what the Ayatollah Obambi is going to do, and they’re voting with their feet.
Get a good look, Demoscum – ’cause there’s not a damned thing you can effin’ do about it.