Hi all. I know I've been quiet since the New Year. I've actually been I guess what you call "laid off" since the beginning of the year. To protect the guilty, I won't reveal my company name or specific profession, but I am in the real estate business. And we don't earn salary. We are paid on a commission basis. So when the company runs out of work, so do its employees. The good news is I have two projects I'm starting up on Monday so play time is over. But this last week or two have been relaxing. Kids back in school while I have been catching up on sleep. Lots and lots of it, too! Hell, my oldest woke me up on the couch when he walked in from school yesterday. I'm a loser. Ha! But I've also squeezed in a small house project and finished some much needed maintenance on one of my cars. I'm also giving a presentation to one of the real estate associations here in Seattle later this month, and the topic is Puget Sound housing trends from 2000 to present. So I've been doing some ninja number crunching and PowerPoint action in preparation. Yawwwwwwwwn. That shit is probably what has put me to sleep during the day. But it's time to kick 2009 into high gear.
So I hear that the current national unemployment rate is 7.2%. And President Bush wants to pursue the remaining $700 billion in bail-out money before the next Administration or he'll use his veto power. Ooooohhhhhh. I'm really scared. Good riddance dude. You'll be remembered in the same sentence with Herbert Hoover.
What to say about this bail-out money? Well, for starters, we're chasing bad money with borrowed money, which will only lead to more bad money. Now this probably wouldn't be the case if our national debt was some reasonable obstacle to overcome. But you know what? Check this shit out. I put our national debt clock on the side of our blog towards the bottom, and it's pathetic. $10.6 trillion. I can't even fathom that much money, and now is the time to ask what the fucking point is. After all the bail-outs thus far, we've been told that banks aren't spending it; the Treasury won't tell us who loaned what to whom; bailed-out homeowners still aren't paying their mortgages; automotive sales continue to decline, and the unemployment rate continues to increase. So about the only real change we've seen from these bail-outs is a decline in the US dollar value and an increase in the unemployment rate. And now the government wants to spend even more: $700 billion in remaining legislatively approved bail-out money plus another $1 trillion from the planned Obama stimulus package. Sorry, but the only thing you sorry fucks in DC are stimulating is public unrest and more really crappy economics. How are we supposed to even start paying this shit back? HOW??!!! And it's not even working, but wait!!! If only we spend even more!!! You fucking kidding me? What was that definition of insanity proposed by Einstein? Insanity is doing the same thing over and over again and expecting a different result? Something like that?
The bottom line is jobs. If that national unemployment level approaches 10% and continues to climb, we are in deep deep shit. Ain't no amount of imaginary money spent in DC will fix that. You historians can point to FDR but I'll just laugh at you. World War II and the subsequent, massive global demand for US-manufactured durable goods lifted us from the Great Depression, not rampant government spending. Won't happen again, though. You know why? Because China makes all our shit now!! Do we even mass produce a single fucking bolt in this country today? I know we produce lots of nuts, though! Fucking A!!!!
So take care of your own my friends. Get your house in good order because the government abandoned us a long time ago. It is on a self-destructive path and I say, "Burn mother fuckers!" I gotta admit that I can't wait to watch the Democrat Party eat itself these next couple of years. They'll eventually fall and burn just like the loser Republicans. They all suck. In hindsight, maybe Ron Paul was really onto something.