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From a fellow ranter

Archive for the tag “Bush”

Beware of Haiti Donation Scam!!!

Word on the street is that scammers (probably from Nigeria) are sending emails to everyone and scamming them out of hundreds of dollars. They are using the disaster in Haiti to do it! Now since the mass media is too busy to warn people about this (they’re not), I’ve taken up responsibility.

Please folks, if you get an email asking for your donation to Haiti…. Please just don’t do it. Actually I wouldn’t recommend donating through the American government either cuz quite frankly, Haiti won’t smell your money.

Do you honestly think that Mr.Bush’s dad and Mr.Clinton will just stare at 52 million dollars and not at least put a few million in their pockets. An article on Yahoo.com stated that due to corruption lot’s of the 60 or so million dollars will not reach desperate haitians. Thanks for telling us now Yahoo!

So where can I donate my money to ensure that it reaches Haiti? Religious organizations, they are usually solid. Any religious organization regardless of faith, as long as they don’t turn around and give it to Bush.

History of The New World Order, How it started and what will become of it

According to the World Net Daily,

The phrase ‘new world order’ traces back at least as far as 1940, when author H.G. Wells used it as the title of a book about a socialist, unified, one-world government. The phrase has also been linked to American presidents, including Woodrow Wilson, whose work on establishing the League of Nations pioneered the concept of international government bodies, and to the first President Bush, who used it in a 1989 speech.

“A new partnership of nations has begun, and we stand today at a unique and extraordinary moment,” said Bush before a joint session of Congress. “Out of these troubled times, our fifth objective – a new world order – can emerge: A new era … in which the nations of the world, east and west, north and south, can prosper and live in harmony.”

The phrase “New World Order” causes alarm for many Americans, particularly those concerned about an international governing body trumping U.S. sovereignty or those that interpret biblical prophecy to foretell the establishment of a one-world government as key to the rise of the Antichrist. Conspiracy theorists, too, have latched on to the phrase, concerned that powerful financial or government figures are secretly plotting to rule the world.

Kissinger’s ties to government and international powers – as well as his use of the phrase – have made him suspect in the eyes of many who are wary of what “new world order” might actually mean.

“There is a need for a new world order,” Kissinger told PBS interviewer Charlie Rose last year, “I think that at the end of this administration, with all its turmoil, and at the beginning of the next, we might actually witness the creation of a new order – because people looking in the abyss, even in the Islamic world, have to conclude that at some point, ordered expectations must return under a different system.”

As WND reported, Kissinger was also part of last year’s super-secret Bilderberg Group, an organization of powerful international elites, including government, business, academic and journalistic representatives, that has convened annually since 1954.

According to sources that have penetrated the high-security meetings, the Bilderberg meetings emphasize a globalist agenda and promote the idea that the notion of national sovereignty is antiquated and regressive.

Source: http://www.worldnetdaily.com

According to Wikipedia their are a number of ways the New World Order could come about.

Postulated implementations

Just as there are several overlapping and even conflicting theories among conspiracy theorists about the nature of the New World Order, so are there several beliefs about how its architects and planners will implement it:


Some conspiracy theorists speculate that the New World Order is being implemented gradually, citing the formation of the Federal Reserve bank; the United Nations; the World Health Organization; the World Bank; the World Trade Organization; the European Union and the Euro currency; the Middle East Free Trade Area and various Middle East peace processes; and the African Union as major milestones.[citation needed]

In particular, paleoconservative documentary maker Alex Jones claims in his film Endgame that the theorized North American Union and the Amero currency will be an implementation of the New World Order, orchestrated by the Bilderberg Group.[31]

Coup d’état and martial law

Some conspiracy theorists, especially those associated with the United States militia movement, speculate that the New World Order will be implemented by martial law after a dramatic coup d’état, using UN peacekeepers and black helicopters, against all nation-states to bring about a world government. Before year 2000 some conspiracists believed this process would be set in motion by the predicted Y2K problem causing societal collapse.[32] After the September 11 attacks, some have become convinced that a more catastrophic terrorist incident will be responsible for triggering this process.

Surveillance-industrial complex

Some religious and secular conspiracy theorists believe that the New World Order will be created by the surveillance-industrial complex through the use of Social Security numbers, and the bar-coding of retail goods with Universal Product Code markings. Current theorists have implicated RFID tagging as well. Consumer privacy advocates Katherine Albrecht and Liz McIntyre, authors of Spychips: How Major Corporations and Government Plan to Track Your Every Move with RFID, wrote another book on the subject from a Christian perspective, which associates spychips with the Number of the Beast mentioned in the Book of Revelation.[33] Christian conservative political activist Mark Dice, leader of an organization called “The Resistance of Christ,” also believes there is a strong connection.[34][35][36]

“Externalization of the Hierarchy”

In Alice Bailey’s conspiracy theories, a group of ascended masters called the Great White Brotherhood works on the “inner planes” to oversee humanity’s transition to the New World Order. At present, the members of this Spiritual Hierarchy are only know­n to a few people, with whom they communicate telepathically, but as the need for their personal involvement in the plan increases, there will be an “Externalization of the Hierarchy” and all people will know of their presence on Earth.[37]

Wikipedia has also a time line of the milestones of the New World Order


There are several events that are considered pivotal in and related to the establishment of the New World Order:[38]

Kissinger says, “…new world order can be created” with Obama!

First off, I didn’t even know Henry Kissinger was even alive. How old is he like 120 or something. He was like the foreign policy guy for 10 presidents. He was probably their to witness the infamous Abraham Lincoln speech, while planning the New World Order apperntly.

He claims that Barack Obama, or “the perfect president” if you wanna call him that, can creat a New World Order. For those of you that are unfamiliar wth teh New World Order just search “New World Order” in Google and you’ll find out soon enough and then you’ll b back here to comment and release your rage.

Since no on believes me, here is an piece of an articale from World Net Daily.

By Drew Zahn
© 2009 WorldNetDaily

Henry Kissinger

Conflicts across the globe and an international respect for Barack Obama have created the perfect setting for establishment of “a New World

Order,” according to Henry Kissinger, the Nobel Peace Prize winner and former secretary of state under President Nixon.

Kissinger has long been an integral figure in U.S. foreign policy, holding positions in the Nixon, Ford and Reagan administrations. Author of over a dozen books on foreign policy, Kissinger was also named by President Bush as the chairman of the Sept. 11 investigatory commission.

Kissinger made the remark in an interview with CNBC’s “Squawk on the Street” hosts Mark Haines and Erin Burnett at the New York Stock Exchange, after Burnett asked him what international conflict would define the Obama administration’s foreign policy.

“The president-elect is coming into office at a moment when there is upheaval in many parts of the world simultaneously,” Kissinger responded. “You have India, Pakistan; you have the jihadist movement. So he can’t really say there is one problem, that it’s the most important one. But he can give new impetus to American foreign policy partly because the reception of him is so extraordinary around the world. His task will be to develop an overall strategy for America in this period when, really, a new world order can be created. It’s a great opportunity, it isn’t just a crisis.”

Kissinger’s comments are captured at roughly the two-minute mark of the following video


Are you shocked yet? Yeah, I thought so. Why not vote while you enraged!

[Breaking News] Say “goodbye” to Mr.Bush!

So, yesterday Mr.Bush bade his farewell to the country. Blabbing about our journey together and talking about our founders. I think all of it is bubkis. There is no we in I. Mr. Bush made all the decisions. We didn’t make mistakes. He did. We didn’t choose war. He did. We didn’t crash two planes into the twin towers and kill 3000 Americans. He did. We didn’t elect the worst president in United States history. He did.

This is a farewell from him to us. It’s not a farewell from us to him. Nor should we acknowledge his farewell.

Yet, new questions arise. We have a new president or is it a new problem? Did we elect our new president or did our new president elect us. Are we making the right decisions or is he making the right decisions. Are there hidden motives? We must look beyond the cameras, beyond the press, we must look into the president and interpret his real intentions.  We must look at the people around him and their intentions.

We may be the victims of starvation, and a savior comes along like the president-elect, we jump on the food and submit. We do as he says with no objections, we follow his lead with no caution, we place our trust in a leader that makes promises, but its one thing to make promises and it’s a whole other thing to keep them. Placing your trust in a leader that makes promises is like placing your trust in a lion that says, “I won’t eat you.” Placing your trust in a leader that keeps promises is like placing your trust in a butterfly that says, “I won’t hurt you.”

The saying goes, “If the people lead, the leaders will follow.” A perfect example of that has happened, and been happening, all over the world. It’s time we show our president-elect that we can lead him, that we elect him, that he doesn’t lead us and he doesn’t elect us as his followers because we are weak and media driven. It’s about time we show the media that they don’t pick our leader, that they don’t control us, we do. If we all just suddenly stopped watching TV, they would be grovelling at our feet begging that we do; Then we would be the leaders, right? We would be controlling them.

See, leadership happens when one person wants something that another person can give or make happen, or promise to happen. In this case we have a trash economy, we want it better. We have the worst president in history, we want a better one. Mr.president-elect (Obama) promises he will give us a better economy, and he promises a better president in him. That’s were leadership happens, he leads us because he can do something that we can’t and we want that something.

The media makes money off of our desire to watch TV. Our desire to listen to what ever they say, drives them to elect our president. When we stop watching TV, the leadership role changes. They want us and they will do anything to make us watch TV. Now we control them because we have something that they want-Television ratings…. and money.

So, Mr.Bush I appreciate your farewell, but that’s all it will be….an appreciation. I don’t accept it, I don’t give my farewell to you, I just appreciate it.

I thought I’d show you guys some pics, that I photoshopped

Using some kind of art tool which I can no longer remember.

Using some kind of art tool which I can no longer remember.

Using the burn tool, I'm not that good I know!

Using the burn tool, I'm not that good I know!

Iraqi Journalist Throws Shoes at George W.Bush?

To much of my surprise I saw, on Yahoo, the above title (minus the questions mark). The story goes, George W.Bush makes a surprise visit to Iraq. During a press conference with Iraqi president (I don’t know his name) a Journalist throws both of his shoes at the President. The President ducked and was NOT hit by either shoe. No one was injured during this fiasco. 


As all of you probably know my anti-New World Order attitude, it only seems natural for me to debunk this. I am, and I think you will be pleased with the results. 


Before we start I want everyone to see the real thing so here is a video.  The captions in the video are what the journalist is saying during his rampant shoe throwing.


Now let me show you the flaws with this whole scenario and why this was all an act…..a rehearsed act. Just like the Bin Laden Videos. 


Mr.Bush, Just seconds before a Journalist throws two shoes at him.

Mr.Bush, Just seconds before a Journalist throws the first of two shoes at him.

Mr.Bush, Just milliseconds before a Journalist throws two shoes at him.

Mr.Bush, Just milliseconds before a Journalist throws the second of two shoes at him.


Now lets skip to the more exciting part. While the shoe is actually making its way over Mr.Bush’s head.



Mr. Bush, while the first of two shoes comes over his head.

Mr. Bush, while the first of two shoes comes over his head.




Let us analyze the first flaw in this act. 



"How is Bush able to duck, yet the Iraqi president can't react?"

"How is Bush able to duck, yet the Iraqi president can't react?"



How is Bush able to swiftly duck, yet the Iraqi president can barely react? That “shoe” is a sandal, which carries significantly less mass which means significantly less velocity. 



The second shoe is flying over Bush's head.

The second shoe is flying over Bush's head.


Now the flaws.



"The Iraqi President has yet to offer a believable reaction."

"The Iraqi President has yet to offer a believable reaction."

 The Iraqi President has yet to offer a believable reaction. Unwillingly, extending your arm is in no way protecting the president nor changing the trajectory of the sandal. 




Seconds after Bush nearly get hit in the head by two shoes thrown by a journalist.

Seconds after Bush nearly get hit in the head by two shoes thrown by a journalist.



Now the flaws of this image.



Bush shoos a security guard after the guard comes to his aid.

Bush shoos a security guard after the guard comes to his aid.

You may need to watch the video again to spot this one. Mr.Bush actually shoos the guard away as the guard comes to his aid. 


Now I want to talk about the key area in this video. It is the whole back half of the room. Here is an untouched picture with no visual aid from me. Pay attention to the back half of the room. Just think, what is missing?



Pay attention to the back half.

Pay attention to the back half.

Do you know what’s wrong?  well, here are the answers. 






The chandelier is in the way of the sandal throw.

The chandelier is in the way of the sandal throw.

First off, their are no security guards behind the president or on either side. There isn’t even anyone sitting at the desk to the left. Here’s why, Judging by the  reflections of the chandelier  off the wall and desk, the chandelier is directly or approximately under the desk and in line with Bush and the Iraqi president. To be honest I’ve never seen the president, or any president, talk at a podium at the FAR right of a room and skip the middle. If Mr.Bush and the Iraqi president were in the middle of the room, like they were suppose to be, and the guards were near the president, like they were suppose to be, The sandal would have hit the chandelier and all havoc would wreak. Pieces of chandelier would be everywhere and the president could have been injured. 

If you look at the chandeliers height, based on reflection, it is right in-line with the door which is at a safe guess of 7ft. Assuming that the president is an  average height of 6ft that makes the chandelier only 1 foot higher than the presidents head. 

Instead of catastrophe, the sandals quietly slam into the wall behind and guards suspiciously run out from the door on the side of the wall behind the president. It took a whopping 7 seconds for the guards to reach the president from that back room as well as the guard that had to stagger over people. According to my calculations if the journalist had a standard hand gun, he could have got off 9 to 11 shots in that same period of 7 seconds. The last time the secret service was not around the president was during John F.Kennedy’s deadly drive through Dallas. 


All comments and opinions welcome.


So, who is REALLY winning this election? (an inside look)

So, today on yahoo I saw this, 


I think what everyone wants is an unbiased prediction into this historic election. Meaning, no government controlled media telling everyone who is going to win. (don’t ask me why we are a democracy if the government controls our media)



Now, let’s look at some statistics just to make sure everyone’s on the same page. This is a prediction that I made back on September 2, 2008. 



This is WAS my prediction on Sept. 2, 2008

Note: This is WAS my prediction on Sept. 2, 2008



Okay, now here’s what yahoo predicts or according to yahoo it’s what Real Clear Politics predicts. 




This is the prediction of Yahoo (Real Clear Politics) as of Oct. 24, 2008

Note: This is the prediction of Yahoo (Real Clear Politics) as of Oct. 24, 2008



They actually look pretty much similar, excluding the fact that I basically gave the whole south to Mr.McCain. Since Sept. 2, 2008 I have been doing a lot of thinking about this whole “election thing-a-ma-bob ” and I am looking at this election and comparing it with the past two elections (the one’s with most controversy) and I see a trend. I see the Democrats coming close even winning by a large margin and then something happens, something big, something momentum changing and the Republicans end up winning by half-a-percent. Honestly, I don’t think I’ve ever heard of an election in the world that ended like the last two American ones’ (2000 and 2004). 

I’ve come to the partial conclusion of expecting anything and by that I mean the dumbest possible thing that could ever happen. For example, Mr.Bush winning his second term, even the Canadians were laughing at us. I will now proceed to give a full analysis of the election so far. 

Barrack Obama flew passed every democrat clearly looking like a favorite amongst Democrats. It ended up being a head to head bout between Hillary Clinton and Barrack Obama. Meanwhile, Mr.Mccain was having “hotdogs” with Mr.Bush because he surprised every Republican by pulling a fast one at the end. Ron Paul looked like the clear favorite for Republicans, which he was, until Government controlled Fox News started bashing him non-stop and trying to make a fool of him on television. At the same time, Rudy Gulliani and Mitt Romney wouldn’t stop yelling and laughing at Ron Paul taht they seem to have forgot about their campaigns. Huckabee and Mccain went face to face for awhile and then Mr.Mcain took the nomination and ran to Mr.Bushs’ house to eat “hotdogs” and replace his arms. 

So, now we have Barrack Obama and John Mccain face to face and I must say it was looking nasty at sometimes, but Barrack Obama kept his cool. Oh, I almost forgot…Barrack Obama picked Joe Biden for his running mate amongst other choice which included former enemy Hillary Clinton and John Mccain picked Sarah Palin. 

Fast forwarding to a few weeks ago and we have Barrack Obama coming out of a tie with Mccain and to waht is now looking like a clear favorite. So, now government run news sources are leading you to believe that Barrack Obama will win, or they are just quite. Wait, what’s this…..a guy named….WHAT? J….Jo….Joe….Joe the Plumber is that what it is. So, now where taking the opinions of unlicensed plumbers? 

Do you now see what I mean by the “dumbest possible thing” and people believe it too. Wow, government run news stations really know how to make a big deal out of nothing. Before we start pointing fingers lets get the story right an unlicensed plumber comes up to Barrack Obama and says what are you doing about the taxes and something about socialism and something about taxes and something about that and this and there and you and me ad money and percentages and xbox and rich people. Anyway, Barrack Obama responds by saying I’m spreading the wealth. The plumber and government controlled media say it’s socialism. I have a feeling they don’t know what socialism is. Let’s check: 

According to Wikipedia: 

Socialism refers to a broad set of economic theories of social organization advocating state or collective ownership and administration of the means of production and distribution of goods, and the creation of an egalitarian society.[1][2] Modern socialism originated in the late nineteenth-century working class political movement. Karl Marx posited that socialism would be achieved via class struggle and a proletarian revolution which represents the transitional stage betweencapitalism and communism.[3][4]


But Wikipedia is not reliable, so let’s get another opinion.

Dictionary.com says: 



    [soh-shuh-liz-uhm] Show IPA Pronunciation 


1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2. procedure or practice in accordance with this theory.
3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
Obviously an unlicensed plumber doesn’t know the simple meaning of socialism. I’m sure he would love communism or Totalitarian government right? Since he wants so much money and no taxes for rich people. I’m sure f he was middle class he wouldn’t be doing this. This is precisely what happens when rich people become snobs. Am I calling our dear friend Joe the unlicensed plumber a snob? Why, yes I am…I am calling him a rich snob that doesn’t want to pay 3% more taxes. Well, what about us Mr.Plumber? what about us…the middle class we wake up in the morning not even knowing if we can keep our house for a week. We wake up and check our email, we check the mail box and find out that we won’t be making our way to work today…or tomorrow.
We wake up in the morning and stand on our front lawn looking at our house, our foreclosed home….our life that was once alive and well, but is now no better than dirt. We get letters in the mail saying our wages will be garnished, we can’t pay our bills, we run America and what do we get? We are the middle class and we always come 2nd. We are the middle class and Mr.Bush doesn’t care as long as we do are job and be middle class like we are suppose to, like a hamster in his cage running around and around and around on our little wheel of despair that brings misfortune and panic in the eyes of many. We are the middle class and Joe the Plumber doesn’t care. Joe the Plumber just wants his check, he just wants his money. Joe the Plumber can pay for his bills he has the money, he doesn’t have to worry about losing his job. He’s making quadruple the amount a middle class American is making.  I think Joe the Plumber can wait, It’s about time the middle class come first!
Sorry about that, I kind of went on a little rant. Now we have this Joe the Plumber character popping out to the scene and hints from government controlled media that he is “changing this election”. Well, here’s what I think; I think Joe the Plumber has just altered the course of this election and screwed America. Thanks Joe, Thanks a lot. By the way how much did your friend George and John give you? yea, I’m sure it was more that your $250,000 a year salary right? 

Beware: FBI Scam Emails are Everywhere!!!

These FBI scam emails are circulating and luckily I got one. So, here you go:

“Anti-Terrorist and Monitory Crimes Division.

Federal Bureau Of Investigation.
J. Edgar. Hoover Building Washington D.C
Attn: Beneficiary,
This is to Officially inform you that it has come to our notice and we have thoroughly Investigated by the help of our Intelligence Monitoring Network System that you are having an illegal Transaction with Imposters claiming to be Prof. Charles C. Soludo of the Central Bank Of Nigeria, Mr. Patrick Aziza, Mr Frank Nweke, none officials of Oceanic Bank, none officials of Zenith Bank and imposter claiming to be the Federal Bureau Of Investigation. During our Investigation, it came to our notice that the reason why you have not received your payment is because you have not fulfill your Financial Obligation giving to you in respect of your Contract/Inheritance Payment.
So therefore, we have contacted the Federal Ministry Of Finance on your behalf and they have brought a solution to your problem by arranging your payment in total of US$800,000.00 in an ATM CARD which you will use to withdraw money in anywhere of the world. You now have the lawful right to claim your fund in the ATM CARD.
Since the Federal Bureau of Investigation is involved in this transaction, all you did have to do is to be rest assured for this is 100% risk free because it is our right to protect the American Citizens. All I did want you to do is proceed and contact the ATM CARD CENTER via email for their requirements to proceed and procure your Approval Slip on your behalf which will cost you $200.00 only and note that your Approval Slip contains details of your PERSONAL IDENTIFICATION NUMBER (PIN) which you will use in activating your ATM CARD in any ATM MACHINE.
EMAIL: atm_card_center303@live.com
Do contact Mr. Paul Smith of the ATM CARD CENTRE with your full name, home address, mobile telephone number, home telephone number or work telephone number and bank name so your files would be updated after which he will send the payment informations to you which you will use in making payment of $200.00 via Western Union Money Transfer or Money Gram for the procurement of your Approval Slip after which the delivery of your ATM CARD will be effected to your designated home address without any further delay.
We order you get back to this office after you open contact with the ATM SWIFT CARD CENTRE and we do await your response so we can move on with our Investigation and make sure your ATM SWIFT CARD gets to you.
Thanks and hope to read from you soon.
FBI Director
Robert Mueller

Note: Do disregard any email you get from any imposter or office claiming to be in possesion of your ATM CARD, you are adviced only to be in contact with Mr. Paul Smith of the ATM CARD CENTRE who is the rightful person you are suppose to deal with in regards your ATM CARD PAYMENT and forward any email you get from imposters to this office so we could act upon and commence investigation.”
Did anyone else receive emails like this, if so was it the same as mine?

Barrak Obama Wins Democratic Nomination!!!

Today is a historic day, Barrack Obama has won the democratic nomination.

“WASHINGTON – Sen. Barack Obama of Illinois sealed the Democratic presidential nomination Tuesday, a historic step toward his once-improbable goal of becoming the nation’s first black president. A defeated Hillary Rodham Clinton maneuvered for the vice presidential spot on his fall ticket.”- Yahoo News

“Obama’s victory set up a five-month campaign with Republican Sen. John McCain of Arizona, a race between a 46-year-old opponent of the Iraq War and a 71-year-old former Vietnam prisoner of war and staunch supporter of the current U.S. military mission. “- Yahoo News

Let’s just be honest for a second, was their really any doubt that Obama was going to win? I must congradulate him for the win, but this will be his last. John McCain will not let Barrack Obama win, like I said in a previous post about the terrorist stuff–it just won’t happen.

“Obama sealed his nomination based on primary elections, state Democratic caucuses and delegates’ public declarations as well as support from 22 delegates and “superdelegates” who privately confirmed their intentions to The Associated Press. It takes 2,118 delegates to clinch the nomination at the convention in Denver this summer.” – Yahoo News

“Obama arranged an evening appearance in St. Paul, Minn., sending McCain an unmistakable message by claiming his victory in the very hall where the Arizonan will accept his party’s nomination in early September.” – yahoo News

You show ’em Obama!!! I sure hope McCain doesn’t win, but if George W. Bush, Dick Cheney and Scooter Libby want him to win…well, then their pretty much is nothing I can do.

Yahoo goes waaaaaay into the future

The History Channel asks, “What Kind of World Do You Want?”

The History channel and John Ondrasik want you to make a video using his song “World” answering the question, “What Kind of World Do You Want?”

You can get a chance at having your video aired on The History channel among your favorite programs.

Just visit the History channel’s website at http://www.history.com to enter.

Here is a direct link: http://eyespot.com/promotion/historychannel/index.html

Check out the video that I made:


Also visit:


What Kind of World Do You Want?

Economy may still go down, are better days ahead?

“WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke on Thursday held the door open to more interest rate cuts to help the struggling economy, but told Congress the central bank expects growth to pick up later in the year.” – Yahoo News

Well, their it is folks, the bank says they expect it to grow. So, everything is fine and dandy right? WRONG! Why the heck are we in this situation anyway. We wouldn’t have to deal with what we’re dealing with if we just payed attention beforehand. We should have been paying attention to our own country and not other countries. Giving money away to Musharef and Israel like its free. We must stop this nonsense spending. Yeah, everything is probably going to be fine and dandy, but this was just a waste of time, how did we get here and what ae we going to do to prevent it? Oh, well its beyond my control.

“The Fed “will act in a timely manner as needed to support growth and to provide adequate insurance against downside risks,” Bernanke told the Senate Banking Committee. He acknowledged the outlook for the economy had worsened in recent months and said risks to growth had picked up. His comments reinforced investors’ expectations the central bank would lower interest rates by a half-percentage point at its next meeting on March 18.” – Yahoo News

“The Fed chairman forecast a further drop in home building and related activities, and said a softer jobs market, higher energy prices and falling home values could be expected to weigh on consumer spending in the near term.

Tighter credit is also likely to continue to hold growth back, he said. “A significant worsening in financial conditions or in credit availability would certainly be a warning bell that we need to take further actions,” Bernanke said.” – YahooNews

“The White House and Congress put together a $168 billion fiscal stimulus plan, which was signed into law by President George W. Bush on Wednesday. The plan offers tax rebates to households and incentives for businesses to invest.

Like Bernanke, Paulson said he saw the economy dodging a recession. “I believe that we are going to continue to grow, albeit at a slower rate, but risks are to the downside,” he said.” – Yahoo News

Yup, we did dodge a recession. We just got lucky this time right?

What do you think?

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