Archive for the 'Quotes' Category

Quote Of The Day

Monday, December 8th, 2008

Nancy Pelosi, 4:47 PM: “We think it is possible that we will have a viable automotive industry by March 31.”

From the draft bill –

(A) stimulates manufacturing and sales of
automobiles produced by automobile manufac
turers in the United States;

(B) enhances the ability and the capacity
of the domestic automobile industry to pursue
the timely and aggressive production of energy
efficient advanced technology vehicles;

(C) preserves and promotes the jobs of
355,000 workers in the United States directly
employed by the automobile industry and an
additional 4,500,000 workers in the United
States employed in related industries;

(D) safeguards the ability of the domestic
automobile industry to provide retirement and
health care benefits for 1,000,000 retirees and
their dependents; and

(E) results in a viable and competitive do
mestic automobile industry that minimizes ad
verse effects on the environment.

Funny, but I don’t see anything in this that’ll create a “viable automotive industry” in three months. Maybe I missed something? How do you incentivize consumers to buy cars they don’t have the credit for and can’t afford by motivating the auto manufacturers to produce cars consumers don’t want? Not to mention, the bill specifically denies participants from paying dividends on stock ownership. Another 25 billion down the rabbit hole.

Posted by Jim Mathies | Filed in Investing, Quotes | Comment now »

 

Quote of the Day

Friday, November 28th, 2008

“I would like to be a person remembered as a person who, first and foremost, did not sell his soul in order to accommodate the political process. I came to Washington with a set of values, and I’m leaving with that same set of values.”

- George Bush

Posted by Jim Mathies | Filed in Quotes | Comment now »

 

QOTD

Sunday, August 3rd, 2008

We understand it might be beneath a worldwide celebrity of Barack Obama’s magnitude to appear at town hall meetings alongside John McCain and directly answer questions from the American people, but we hope he’ll reconsider.

Link

Posted by Jim Mathies | Filed in Politics, Quotes | Comment now »

 

QOTD

Saturday, August 2nd, 2008

.. the dimly lit chamber is a “vision of the future by the Democrat Party: The lights are out, there’s no power, and the air conditioning is gonna go off soon.”

Link

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QOTD

Tuesday, July 22nd, 2008

“The internet really does make it easy to show what idiots these people are.”

Link

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QOTD

Friday, July 11th, 2008

Paulson’s statement “Institutions Must Be Allowed To Fail” is in reality an implicit admission the Fed is powerless to stop a credit implosion whether the Fed wants to do something about it or not. We have finally reached the point at which the mess is too big to bail. All that remains at this point is the final numbers on how much taxpayers have to cough up when Congress foolishly tries to make water run uphill.

Link

Posted by Jim Mathies | Filed in Economics, Economy, FED, Politics, Quotes, Real-Estate | Comment now »

 

QOTD

Monday, June 30th, 2008

“I serve as a blank screen on which people of vastly different political stripes project their own views.”

- Barack Obama

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Quote Of The Day

Saturday, June 21st, 2008

“Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one’s lifetime.”

—Mark Twain, 1857

Posted by Jim Mathies | Filed in Quotes | Comment now »