MyRA

I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA. It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in." - Barack Obama

In other words - if you like your retirement account you can keep your retirement account.

Atlanta Chaos..............

SOTU is over. America weeps...........

Given the fact that the S&P 500 is up over 18% since the last State of the Union address.  However, a glimpse over the shoulder of Tom Perkins and his pals and one can't help but wonder how "strong" the Union is when there are 2.845 million more people not in the labor force than a year ago. Last year's 6,990 words were strewn with "hope", "change", "jobs" and "wall street".  

President Obama unveiled 12 key executive actions in his 6,778 word tome last night at a reading level that was lower than the average of George W. Bush's SOTUs and the same as Clinton's (Flesch-Kincaid 9.8). From 'raising the minimum wage' to 'myRA' savings plans ("a guaranteed return with no risk"?) and from redesigned high schools to teach real-world skills (like EBT-card-usage?) to increasing college opportunities (blowing that bubble even bigger), it was a corporate-bashing, hopeful-job-creating manifesto that had less "hopes" and "dreams" than MLK's speech, but more "believing."

 

This is a clown circus! Obama is the center stage liar, as usual. All ears open to his non-reality, make-believe, fantasy world. 

Front row seats to the circus will be on sale shortly.

I'll take mule deer over Ford any day...........

ZIRP @ Work...........Rise-up Seniors of America!

It is unclear if one should laugh or cry at this fantastic offer for a "High-Yield" savings account...

 

Beggars, liars, thieves, lobbyists, politicians

It almost seems like the world's stock markets have taken on a 'victim' mentality. We need so much because we have been so abused. No surprise then that so called 'investors' would enable that victim mentality if it benefits them. Every co-dependent relationship initially starts out a win-win situation until the dependencies begin to really weigh upon each other.

Then it turns into dog eat dog.

98,000,000 Americans are NOT roosting in the labor force

Snow goose hunting season begins Jan. 16 with a daily bag limit of 25 birds.

Maybe the unemployed can get up off of the couch, grab a gun and go and 'feed' themselves.

25 birds can keep one's belly full for a couple of months!  The only problem is the same one found on many Indian reservations.  Plenty of birds to kill, just not enough money to buy shells.

Have you seen the economic recovery? I haven’t either. But it's bound to be around here somewhere, because the National Bureau of Economic Research spotted it in June 2009, four and one-half years ago. It is a shy and reclusive recovery, like the “New Economy” and all those promised new economy and shovel-ready jobs. I haven’t seen them either, but we know they are here, somewhere, because the economists said so.

At a time when most Americans are running out of coping mechanisms, the US faces a possible financial collapse and a high rate of inflation from dollar depreciation as the Fed pours out newly created money in an effort to support the rigged financial markets.

It remains to be seen whether the chickens can be kept from coming home to roost for another year.