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Thursday, January 26, 2012

The Real State of the Union

What Obama presented to the joint session of Congress and to the Nation was merely his re-election campaign speech …

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"Barack Obama does not like the 'invisible hand' that Adam Smith wrote about. He wants the heavy hand of government, he wants the government to organize us all as a 'team'." [emphasis added]
— The Schiff Report - January 25th 2012 (

Unless you are planning to join the coming idiocracy, it's time to hunker down:
  • hang on to your job; any job;
  • minimize your debt;
  • avoid assuming new debt;
  • do not buy anything you don't actually need during the next four years;
  • save every last nickel and invest whatever you can in a balanced mutual fund;
  • and pray like hell you survive the likely shitstorm if Obama gets re-elected.
That's my story and I'm sticking to it. If we are lucky, we can compare notes during the postmortem in 2017.

Post 1,756 The Real State of the Union

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