While I know of no way to take this information and make trading decisions, I can say there is pain ahead for many people in their daily lives. Some of the cushy “government-to-do-nothing” jobs will most likely implode.
Update: After just posting the above comment, I saw this. Looks like government jobs attached to that big nipple in DC are going to be all the rage. What a depressing existence!
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January 4th, 2009 at 9:38 pm
It always makes me laugh at how many people come up with the comments along the lines of Bush/McCain would never have spent/printed so much money - they already have!
Those in power will always use it to buy the people that will vote for them in the future - Republicans will finance the military and Democrats the bureaucracy.
I cannot believe people are so naive to think the Republicans would be any better when over the last two terms they have proven otherwise with the huge expansion of the deficit and national debt.
All we know is that there is a huge debt to be paid off and both sides seem to be intent on trying to pay for it by turning on the printing presses, which is how we ended up in this mess in the first place.
January 5th, 2009 at 12:28 am
haha Obama the big nipple! priceless! 600,000 new government jobs? what are they going to do? Oh thats right he wants a new national community organizer position for thousands of “college kids”. Smells like indoctrination to me, resist the collective fight for the individual person and idea…. Like Ayn Rand says, right Michael?
January 5th, 2009 at 2:36 am
When I say big nipple of DC, I mean both parties! A Republican President just finished his second term in a race towards the collective!
January 5th, 2009 at 10:32 am
i agree Mr. Covel, I just thought it was funny with the implied obama part…