If You Thought Healthcare Reform Tasted Bad

[lonewolf]

as the Crook County regime shoved it down our throats, wait until you get a helping from the next spin cycle.

It started today with the announcement of new off-shore oil drilling leases. This move is designed to appease moderate and conservative voters and lure the general public into the belief that maybe the President isn't an extremist after all.

Soon, we will hear about Obama's "new" comprehensive energy strategy. Of course, who could possibly argue about a "comprehensive energy strategy?"

Well, just about nobody, if that's what it is; however, the main course of this "energy strategy" will be a poorly disguised CAP AND TRADE policy neatly garnished with a variety of green energy programs. You will not hear the words "cap and trade" from the Whitehouse again...except to answer specific questions, which it will deny.

As with the healthcare legislation, the cost of such a bill in taxes, passed on costs and unforeseen expenses will virtually drown an American public that is already treading water and still waiting for the healthcare tsunami. This new spin job, er, campaign is coming soon on your favorite news channel.

The spin shows haven't caught on yet, but they will, mark my words.

[f.sciarrillo]

I still have a hard time believing that he will even remotely have drilling done in our country. There will be some kind of catch to any of it and we will still be stuck buying from third world countries who hate us.

I think that we should tap into our natural gas reserve as well. We have thousands of acres of natural gas pockets through out the country. All this talk about energy dependence and the like would be settles quite well with that.

As well, the use of more hydro and wind to harness our own. We have the resources, they are free and a constant flow. So why not use them? I know, it is the tree hungers; you know, the people who want to preserve an area they never heard of or could point out on a map ...

[mjb]

as the Crook County regime shoved it down our throats, wait until you get a helping from the next spin cycle.

It started today with the announcement of new off-shore oil drilling leases. This move is designed to appease moderate and conservative voters and lure the general public into the belief that maybe the President isn't an extremist after all.

Soon, we will hear about Obama's "new" comprehensive energy strategy. Of course, who could possibly argue about a "comprehensive energy strategy?"

Well, just about nobody, if that's what it is; however, the main course of this "energy strategy" will be a poorly disguised CAP AND TRADE policy neatly garnished with a variety of green energy programs. You will not hear the words "cap and trade" from the Whitehouse again...except to answer specific questions, which it will deny.

As with the healthcare legislation, the cost of such a bill in taxes, passed on costs and unforeseen expenses will virtually drown an American public that is already treading water and still waiting for the healthcare tsunami. This new spin job, er, campaign is coming soon on your favorite news channel.

The spin shows haven't caught on yet, but they will, mark my words.

so... what should we be investing in?

[Colton]

so... what should we be investing in?

With the way everyone acts about this kind of stuff, I'd guess guns to kill the nazi zombies, rations, and fallout shelters.

[lonewolf]

so... what should we be investing in?

Good question. There is no good answer because this administration has created way too much uncertainty on too many things. First and foremost is what they will do with the Bush tax cuts. They need to decide whether to extend them, let them expire to previous levels or come up with their own rates so that investors can form their long term strategy. If they don't make a decision by the 4th quarter, big and smart money will probably take long term profits off the table to take advantage of the lower capital gains tax rate one last time. There's nothing like a good, old fashioned October selloff.

One thing we do know is that the government is borrowing money at 4 times the rate of the previous Congress and the bond auctions aren't doing so well lately. China is quietly becoming a net seller of US bonds as they slice off profits every time long rates drop. We are coming very close to a credit speed bump where US bond buyers will demand higher rates for their cash. This is not the brick wall yet, but it will force a hike in government interest rates without the presence of either economic growth or inflation. I look for this to happen in the 2nd or 3rd quarter. When interest rates start going up, stocks usually end up going down, although, if this results in a steep yield curve (only long rates go up), banks will profit from it. It might be time to take some stock profits off the table (except gold related) and stick with cash until the next buying opportunity:

Since the Euro sucks even more than the dollar, I still think we'll have a short-lived dollar rally where gold, commondities and other currencies drop to a nice buy-in point. When that happens, I will try to bring my portfolio up to 15-20% each in gold and Chinese Yuan through the GLD and CYB ETFs. I have started nibbling on CYB already.

Keep in mind that this is a long term preservation of capital, defensive strategy, but its not a bad idea to have 10% in gold and 5-10% in Yuan in any portfolio.

[f.sciarrillo]

so... what should we be investing in?

With the way everyone acts about this kind of stuff, I'd guess guns to kill the nazi zombies, rations, and fallout shelters.

That isn't till December of 2012 ..

[songsmith]

But, Drill-Baby-Drill! I thought we wanted there to be offshore drilling in the Gulf? In 2008, just a year-and-a-half ago... now it's not a good thing?
I was listening to a blah-blah today that said the Gulf oil is loaded with sulphur, and wouldn't be economical to refine to US standards... it'll all go to China and India for their use. Don't know if that's true or not, but I know the lefties are all pissed off about it.
But you just knew certain folks wouldn't admit Obama's not a radical left-wing dictator, didn't you? A master political stroke, I think. He gives the right something they wanted, and the moderates watch and see how they react to getting it. Of course, now the fringe are against it.
Sigh.--->JMS