Barack Mugabe Obama betting his failing presidency on Ben Burn the Dollar Bernanke perilously gamboling on an inflationary recovery.
QE1 AND QE2
If at first you don't succeed try failure again and again. QE1 (Quantitative Easing), the injection of $1.7 trillion into the economy, was supposed to jump start the recovery and send the GDP soaring. But that hasn't happened. While doing wonders for Goldman Sachs, big banks and the stock market it did little for mainstreet and the real economy of working class Americans. Households, consumers, small businesses and the jobless rate gained little or nothing from QE1. Corporate America, sitting on $2 trillion*, still isn't hiring and investing because of uncertainty and low consumer spending; and the GDP is at a paltry 2% or less. If $1.7 trillion didn't do the trick in restoring confidence and faith in the future for consumers and producers what can $600 billion do? Bernanke, called "clueless" by the Germans and brainless by a growing chorus of world economists, has run out of ideas and is at his wits end. MASSIVE SPENDING, BORROWING AND PRINTING OF MONEY DOES NOT A RECOVERY MAKE.
*Much of this is borrowed funds, not earnings.
As Bernanke is dealing with an anti-growth, anti-business, spread the wealth administration, led by an economic ignoramus opposed to cutting taxes, spending, borrowing and regulations (the real stimulus and confidence boosters), QE2 is Bernanke's last desperate hope to ignite robust growth and save his chairmanship and the Fed from ignomy. But in this he will fail as inflation raises its ugly head and kills the dollar to worsen things. Signs of continued failure, reinforcing forecasts made by anti-Bernanke analysts, are as follows:
THE 13TH DEGREE OF ECONOMIC FOLLY
On the
13th day of November 2009 (the first Friday the
13th of the year) the US Senate passed Obama's American Reinvestment and Recovery Act (ARRA)-a political slush fund to pay off Democrat allies and plug state budget gaps disguised as a stimulus for private sector job creation. Four days latter in Denver, Colorado at 1pm (
1300 hours) Obama signed ARRA into law while sitting in the Denver Museum of Nature and Science.
The name American Reinvestment and Recovery Act has a numeric value of 157*. 157 is a variant of the number
13, hence: 1+5+7=
13.
*AMERICAN REINVESTMEN154T AND RECOVERY ACT
14599315 959545124552154 154 95364597 132 = 157
The name Denver Museum of Nature and Science has a numeric value of 130*. 130 is a multiple of 13 10x.
*DENVER MUSEUM OF NATURE AND SCIENCE
455459 431534 66 512395 154 1395535=130
The number of days separating the Senate's passage of ARRA and Obama's mistake in reappointing Benanke Fed* chief was 193. Like 157 193 is a variant of the number 13, hence: 1+9+3=13.
*August 25, 2009 was the day Ted Kennedy died. It is interesting to note that when Kennedy collapsed from his LEFT-sided brain tumor at Obama's inauguration (foreshadowing the collaspe of Obama's Leftist agenda and political creed) he was 76 years old. 76 is a variant of the number 13 (7+6=13).
When Obama reappointed Bernanke Fed chief it was the 1301st day of his reign*.
*February 1, 2006 to August 25, 2009=1301 days.
The exact number of days separating the creation of the Federal Reserve and Bernanke's reappointment by Obama were 34,944*. Not only does this number end in 44, Obama's presidency number, but it is a multiple of 13 2688x. You couldn't find a more ominous sign that Benanke's reappointment was a fatal mistake and that QE2 will hurt the economy as did QE1.
*Demember 23, 1913 (creation of the Fed) to August 25, 2009 (Bernanke's reappointment) = 95 years, 8 months and 2 days or 34,944 days.
THE JAPANIZING OF THE US ECONOMY
On the 13th day of November 2009 (the third Friday the 13th of the year) Obama was in Japan (the first day of his trip) meeting with Prime Minister Yukio Hatoyama. Despite massive deficit "stimulus" spending and a staggering national debt of close to 200% of GDP Japan has been stuck in a prolonged 21 year recession. Obamanomics and Bernanke are leading this country down the same futile path of low economic growth and distress (see).
Last September Tim Geithner, prompted by his socialistic boss, urged the Japanese to continue their failed bankrupting Godzilla "stimulus" program and keep the petal to the metal on spending (see). With their country on the verge of becoming the Greece of the Asia Pacific the Japanese politely declined his advice while thinking Geithner fiscally insane. This is evidence that our reckless, irresponsible, spendthift president-who now complains of an undersized stimulus (it's always too small when it doesn't work)-isn't affraid of quardrupling the national debt to end the recession and save his arse.
NOTE: That same Friday the 13th was the day Eric Holder set off a fire storm when he announced that Khalid Sheikh Muhammad would be tried in New York City.
Moreover, the 13th day of August 2010 (the first Friday the 13th of the year) Obama triggered another firestorm when he announced his support for Imam Rauf's Ground Zero supremacist mosque at a Ramadan Dinner at the White House. An article on the number 13 as signaling a coming 9/11 like disaster in national security will be posted here sometime next year.
It should be apparent to the reader that 13 is a terribly ominous and inauspicious number for Obama and Bernanke. It is a numeric sign of bad choices, misfortune and failure for both of them and their ill-fated, wrongheaded, economy wrecking plans.