PIE IN THE SKY THEORY AS GOOD AS ANY. POST 117

Hi,

Elections bring the fantasy world right into your home. Numbers and predictions, both dire and advantageous, about budgets and spending ring in with a sense of truth and verification.

Of course, no one mentions who compiled them or who verified them so they could have been made up out of whole cloth to astonish you. Oh yes, they mention the Government budget office but do not tie it to any one person. They mention Republicans or Democrats (however not socialists-we're still playing that game!) but never tie it to any one person. Why not? The first rule of newspaper writing USED TO BE verifying your source!!!!!!!!!!!!!!! GOOD LUCK WITH THAT!!!!!!!!! in NEWSPAPERS OR MEDIA. VERIFYING THE SOURCE MAKES A PLACE FOR BLAME; MAKES ENEMIES FOR THE MEDIA; AND PROOF CAN BE SHOWN OF THE ERROR if it turns out there is one.

So, what now? WHO DO WE BELIEVE AND HOW DO WE KNOW WHAT'S HAPPENING? Well, my Dad used to have an old "SAW". TAKE WHAT IS GIVEN AS THE "TRUTH", CUT IT IN HALF, THEN CUT IT IN HALF AGAIN AND IT MAY BE NEAR CORRECT. It works pretty well. Or his PIE IN THE SKY THEORY--IF YOU CAN'T GET IT DOWN, CUT IT AND EAT IT. IT DOESN'T EXIST! VERY UN-SCIENTIFIC but you have to do something to fight losing your way in the FOG OF ECONOMIC FANTASY.

It appears that we can believe certain rates and figures. For sake of argument, the DOW JONES tanked on Wednesday for a third day in triple digit losses because of predicted losses in Europe. EVEN TECHNOLOGY TANKED!!!!!!!!! We do so much selling and buying world wide that our own resources can be drastically affected by anywhere in the world. These explanations seem plausible.

There are predictions of another recession even though U.S. government debt is considered relatively safe (ALL FISCAL PROBLEMS BEING SEEN AS EQUAL) OUR YIELD ON THE 10 YEAR TREASURY NOTE FELL TO ANOTHER LOW AND THE DOLLAR SAW A TWO YEAR HIGH AGAINST THE EURO. THE GOOD OLD SOCIALIST INSPIRED EURO WHICH HAS PROBLEMS ON ITS PROBLEMS. Since Germany will probably have to support weaker economies in Europe like Italy, Spain and Greece, investors are being warned by Moody's Investors' Service that Germany's shouldering a greater financial burden may affect their credit ratings.

Let's look at Spain. We've covered Greece in past blogs. It's needs sent the Euro to a new low on the first of the week which of course affected the Dow. Investors have pulled back from risk (where riches are made) into the safety?????? of our government bonds. One wave sends the next higher. So, of course borrowing became more expensive for both Spain and Italy while the declining economic output makes it near impossible to deal with debts. With high interest rates going higher on borrowing costs for Spain and Italy, Greece may lose emergency loans that it needs to avoid default since it has failed to hit its specified targets from two bailouts.

On top of all this we find that a Chinese central bank forecast that China's economic growth was slowing even further after 3 years of growth reduction.Some economists hoped China woluld be able to compensate for Europe and the U.S. slowdowns but the lassitude appears to be spreading to China. NONE OF THIS, IN CASE YOU HATE READING THE WRITING ON THE WALL, IS ANYTHING BUT BAD NEWS FOR EVERYONE AND COULD LEAD TO ENLARGING AND FURTHERING THE CURRENT RECESSION.

YOU HEAR A LOT OF BLATHERING ABOUT A DEADLOCKED CONGRESS AND THAT is a bad thing!!!!!!! WRONG, WRONG, WRONG!!!!!!!!!!! IT IS THE BEST THING THAT COULD HAPPEN PRESENTLY!!!!!!!!!!! DON'T SPEND ANY MORE MONEY!!!!!!!!!!! DON'T PASS ANY MORE BILLS!!!!!!!! TRY TO SAVE WHATEVER IS LEFT IN THE TREASURY OR WE COULD GO DOWN!!!!!!!! DOWN!!!!!!!! DOWN!!!!!!!!

FOLKS, UNFORTUNATELY, BY BECOMING WORLD TRADERS ON A ENORMOUS SCALE we are affected by the WORLD'S ECONOMY. OUR CONGRESS, BOTH THE HAWKS AND THE SOCIALIST LIBERALS, have to yield on REDUCING THE BUDGETS no matter how much it hurts. AND IT NEVER HURTS AS MUCH AS THE DIRE PREDICTIONS!!!!!!!!!

GREECE, ITALY AND SPAIN WERE GIVEN EARLY WARNINGS WHICH THEY CHOSE TO IGNORE and much like those in our CONGRESS YELLING FOR ONE SIDE OR THE OTHER TO GIVE IN. ENCOURAGE THEM TO CONTINUE THE IMPASSE UNTIL JANUARY!!!!!!

WHY JANUARY??????????? The election will be over. HOPEFULLY WE WILL HAVE SEATED A MORE REASONABLE AND BUDGET CONSCIOUS CONGRESS AND HOPEFULLY A NEW PRESIDENT, WHO WILL USE HIS POWERS IN THE EXCUTIVE OFFICE TO .......SAVE AMERICA..........NOT RUIN IT FINANCIALLY!!!!!!!!!!!

Not only is this an election to save our REPUBLIC and our CONSTITUTION with our VALUES against A CLEAR SOCIALIST THREAT but it is an ELECTION TO SAVE OUR ECONOMY and bring us back to the LEVEL OF ECONOMIC ENDEAVOR of which we are capable if we get the GOVERNMENT OFF OUR BACKS.

CLEARLY SOCIALIST ECONOMIC AND FISCAL PLANS HAVE FAILED IN EUROPE AND IN CHINA where a launch into a CAPITALIST system was a little too late and a little too little. WHY ARE WE FLIRTING WITH SOCIALIST ECONOMY HERE??????????? THE HUMONGOUS HEALTH CARE SYSTEM IN CHINA FAILED and is now a mere shadow of itself. YOU DON'T HEAR MUCH ABOUT THAT DO YOU??????????? The European Union and the EURO is FLOUNDERING AND ABOUT TO FAIL. THESE ARE JUST THE OBVIOUS FAILURES OF SOCIALISM. JUST BECAUSE THEY DON'T ADMIT TO THE FAILURE DOESN'T CHANGE ANYTHING!!!!!!!!!!!!!

REMEMBER MY (CSP)=COMMUNISM, SOCIALISM AND PROGRESSIVISM=ONE AND THE SAME. You plug in the WORD YOU LIKE. JUST BECAUSE THEY GO BY DIFFERENT TERMS DOESN'T CHANGE ANYTHING!!!!!!!!

DISRAELI SAID: LIES, DAMNED LIES, AND STATISTICS. So, NOTHING really changes--only the SUBJECT and that doesn't really change since MONEY and POWER are at the ROOT, no matter what the discussion claims. ARE WE GOING DOWN for THE THIRD TIME AS IN DROWNING??????????? I HOPE NOT!!!!!!!!!! THIS ELECTION IS ABOUT CHOOSING BETWEEN A SOCIALIST STATE AND OUR REPUBLIC and the outcome WILL DETERMINE OUR FUTURE!!!!!!!!! IF WE GO SOCIALIST THEN WE WILL SEE EUROPEAN ECONOMICS BECAUSE THE COMMUNISTS NEVER ABANDON "BAD" IDEAS. They just EXPLAIN THEM away and blame it on someone else when the economic plan goes wrong.

FOLKS, YOU CAN SORT THROUGH ALL THIS CONFUSION IF YOU WILL IGNORE THE 'PROMISED LAND' THEORIES!!!!!! What is the 'PROMISED LAND'??????????? That's the PERFECT PLACE where there are NO WARS, NO FAMINE, NO UNTREATED ILLNESS, NO POVERTY, NO SOCIAL LEVELS, NO LACK OF EDUCATION, AND NO..............PROBS!!!!!!!! HEY!!!!!!!!!!HEY!!!!!!!!!! ISN'T THAT WHAT WE ALL ASPIRE TO?????????????? SHANGRI-LA.

UNFORTUNATELY, NO ONE CAN GIVE US THE 'PROMISED LAND'. We can hope for it but until we as individuals can figure out A REAL SOLUTION TO ALL THOSE NAMED PROBLEMS, no ONE INDIVIDUAL OR GROUP OF POLITICIANS can give it to us. THEY CAN ONLY OFFER US SOPORIFICS AND DEBT. RESEARCH, INNOVATION, INVENTION, SKILL AND MAYBE TECHNOLOGY CAN BRING US CLOSE BUT NOT PHILOSOPHICAL OR PRAGMATIC POLITICS. THE DAMN STATISTICS ARE INVESTED IN THE WRONG INTELLIGENCE GROUP.

IF NOTHING ELSE, USE MY DAD'S THEORIES: "CUT THE "TRUTH" IN HALF, THEN CUT IT IN HALF AGAIN. OR USE THE PIE IN THE SKY THEORY!!!!!!!!!! IT'LL HELP.

CHEERS, CONNIE