We have been floating in rough seas for a while, the ship is sinking and the band-aid so called stimulus has lost it's stickiness and it's coming off, I certainly will like to see some land and get to it before the ship sinks.
"Who is the captain of the ship"? I asked my boss yesterday puzzled to see the Dow dip almost 200 pts at 11 am, To which he replied "the man that never ran a business or had a real job his whole life my man".
This makes me come to one conclusion...
Our country is being run by an administration that probably couldn't run a lemonade stand!
Now im not the greatest writer but I can get my point across.
Edmundo posted a great series not too long ago called "Sell your options Dearly" which in turn it inspired me to write this 2 post series.
Our country is not leading by example anymore in this wonderful world. We have Asian and middle eastern countries holding our debt and yanking our chain like little puppy dogs in turn we don't have the balls to impose tougher trade rules (as in import and export to all you chimpos out there) we are getting cheap made shitty quality Chinese shit that costs almost as much as american stuff but the economy is so beat up that we wont spend the extra dollar to buy something made in the U.S.A, we have been buying oil from sheiks and princes that fund terrorism, American companies are subsidizing more and more work over seas and while that is great for tax porpuses and profit we are degrading and downgrading ourselves.
There was a time when great doctors from around the world dreamed of coming to America obviously thanks to universal healthcare that dream is no longer there we are approaching darker days in the economy and as much as I would love to be bullish on America unfortunately at this point in time I am bearish until this administration does some real good.
Let's get to the point.
America reminds me of the person that takes one credit card to pay off another one and keeps rolling over their debt until one day
I am deathly afraid of what will happen if China or Japan do not show up the day we have to roll over our short term debt. You see America is not seen as the Super Power it used to be seen as, yeah we pack some punch in military power but as far as trade we went down the drain. We all remember the roaring 20's, in the 30's we were the biggest exporters of oil (till we ran out), Hollywood in the 40's, the war in the 50's, heck we were the biggest exporter or electronics in the 70s and then WTF happened?
We strayed too far from the ideals that made this country great and we are starting to pay the price. We are failing our own country.
Independence day is around the corner and I am sure the founding fathers are turning in their grave as they see that their very creation is turning into what they despised the most.
Seriously with all due respect what would George Washington do if he saw what this president is doing to our country? im sure he would pimp smack him that said...
How do we fix it?
On that, yeah tommorrow...