Has anyone out there been reading that the
Federal Reserve Board will buy $400 billion in bad long-term Treasury
securities by June 30. The new program, called "The Twist," after a
similar '60s-era program, means the Fed will sell its holdings of short-term
Treasuries to finance its purchases on long-term notes and bonds. This new
bailout strategy is another futile attempt by Obama and the Feds to stimulate
the disastrous economy created by this current president. It’s so futile that
it reminded me of the following story:
Humorous moments
during the recent Australian floods have been few and far between, but this
definitely is one. How so? Inflatable sex dolls ... being used as rafts. Two
teenagers decided that, lacking any better form of flotation device, they
should just go ahead and use some blow-up sex dolls instead. Until, that is,
police saw them and told them not to.
Victoria's Yarra River was where the two 19-year-olds were found fooling around
(no, not in that way) with the inflatable ladies, and they were promptly told
off. You know, because blow-up sex dolls are "not a recognized flotation
device." Still, they obviously were laughing about it all -- and wouldn't
you be?
Unlike those people in the picture, I’m not laughing (well,
I’m laughing about the flotation sex dolls but not about Obama). You see, what
Obama is doing is exactly what happened to these people in Australia. Instead
of Obama throwing the economy a true life line by creating an atmosphere for
both big and small businesses to proper, he throws the economy the equivalent
of an inflatable sex doll. What he’s doing is reckless, counterproductive and
helps no one. Plus, the truth of the matter is that that the Feds are getting
the money to buy these 400 billion in bad long-term securities with taxpayer
money. So in essence, us hard-working taxpayers are spending another
half-trillion dollars out of our own pocket on another futile bailout program.
Listen Obama, you keep the inflatable sex doll. I’ll wait
for Governor Romney this November.
