This'n'That; July 9th[Boondoggle;Schumer;Investments]

Fluffy's Boondoggle Explained

Fluffy obama continues to exemplify the consummate shlub!!

Der Fluffmeister's empty promises and overhyped porkulus plan have the markets set up for another crash.

The $787 billion ‘porkulus’ plan is really a welfare program. Look at the numbers straight from the ACORN-COI administration's own site, recovery.gov :

$56 billion of ‘stimulus’ money has been spent.

Any guesses where our tax dollars are being invested?

Infrastructure, technology, green energy, incentives for investors… hardly!!

Try this:

• 21 billion in Medicare,
• $12 billion in Social Security,
• $6 billion in Education Aid to States,
• $2 billion in Food Stamps,
• $600 million in Low Income Rental Assistance,
• All this should have been in the Congress' annual budget.

If you’re keeping score at home, that’s $42 billion in welfare and $14 billion in stimulus. Does ACORN-COI expect $14 billion in government porkulus to jump start a $14 trillion economy?!?!

Most politicians have said that their districts have construction projects ready to go. Just turn over the funding and they’ll put people to work repairing the crumbling roads and bridges. They have their money but projects aren’t starting. In fact, $20 billion is sitting in the Department of Transportation waiting to be spent on infrastructure improvements, while only $440 million has been spent so far.

In order to turn the economy, the stimulus needs to be in the system now-not three years from now. But current stimulus plan is designed to trickle the stimulus money into the economy through 2012. The bottom line is the stimulus plan isn’t stimulating the economy-at best it’s stopped the bleeding.

Companies strive to improve earnings by reducing overhead and spending; fire more workers, cut back hours, cancel bonuses. This will keep the unemployment rate rising and more people will join the ranks of the underemployed. It all adds up to social unrest or at least, discontent. When the politicians come up for re-election, they’ll stand little chance unless the KoolAid drinkers are as blind as during the recent campaign and election. Some politicians already see the writing on the wall but are unwilling to go without a fight. The rumblings of stimulus plan part 2 are starting in the halls of Congress, where "two wrongs make a right." Expect the rumbling to get louder as the ranks of the unemployed continue to swell.

Another Shlub Speaks:

Fluffy obama's "shlub-in-training" U.S. Senator "Chuckie-Cheese" Schumer revealed his plan to help children save money starting the day they are born. Under The American Saving for Personal Investment, Retirement, and Education Act of 2009, the government would open a savings account with a $500 initial deposit for each newborn U.S. citizen. Thereafter, annual contributions made to the account would be matched dollar-for-dollar up to $500, and the account would grow tax-free.

[NOTE: The US annual birthrate= +/- 4,000,000, valuing this legislation at at $2billion just the first year!! Given the dollar-matching provision, the cost would grow exponentially making the committment after five years: $28billion!! This exponential growth, continuing on into the future, would grow into the multiple trillions of dollars !! This serves to illustrate that "Chuckie-Cheese" is in Fluffy obama's pocket where wealth re-distribution is concerned-

and you thought he had your child[ren]'s future at heart?!?!]

“It’s a dramatic and different way of thinking to encourage people to save long after the recession is over,” the New York Democrat said. “If we increase the savings it will be good for America and good for our families.” The legislation will be advanced either on its own or as part of Social Security reform.

The KoolAid Media broke from tradition by admitting the original idea came from Chucky-Cheese’s ideological rival, Newt Gingrich. This is just another thinly veiled attempt by Chuckie to buy future votes in the face of growing voter discontent. Expect most of the 535 congressional "shlubs-in-training" to put forth their own vote-buying legislation.

We Bought Our Position @ 55Cents

Pittsford, NY-based medical imaging company VirtualScopics Inc., said today its revenue grew by 45 percent in the second quarter compared with a year earlier. The company announced preliminary financial results. It will give complete results for the second quarter on Aug. 12. VirtualScopics said revenue for the three months that ended June 30 exceeded $2.5 million. And for the first six months of the year, the company said sales were up more than 40 percent. The stock closed on Wednesday at $1.05.

Til Nex'Time....