Punchinello’s Chronicles

October 10, 2009

Hah Hah – Stupidity is Wonderful!

Filed under: View from the Bottom — Punchinello @ 3:41 pm
Tags: , , ,

We recently watched the news from Detroit, seeing the thousands of people who lined up to get some sort of federal stimulus money. The reality is that accepted applicants could potentially receive up to $3,000 to help with utility bills in an effort to keep people from becoming homeless. However; many of the people lined up believed they would simply get $3,000 as another “stimulus check.” That would mean having three grand to spend on whatever they wanted.

Along the way, there were various sound bytes as journalists interviewed people standing in line. What caught my attention was the level of absolute stupidity evidenced by the women in this particular segment.

Even more astounding is the pride and laughter evidenced by one of the woman’s friends.

Oh look how utterly ignorant we are of economics and money! Isn’t this just the funniest thing? We went through school laughing and doing nothing, and now we’re full-fledged adults, capable of voting. We voted for Obama for no reason at all other than he’ll give us money! Isn’t that just the funniest thing?

Unemployment is skyrocketing. California and Michigan are about to collapse as “failed states.” The amount of debt facing the nation, the states, and individual families in America pretty much guarantees that there’s a major crash about to take place. And yet Wall Street and the stock markets are going up and up.

Fannie Mae and Freddie Mac are now in worse trouble than they were only one year ago. It looks like the FHA may have to have an additional $50-billion or more just to stay afloat. And yet, the guarantee went from $350,000 for homes to more than $700,000 following the previous bail out. Approximately 90% of home loans are being backed by the FHA, from what I read, meaning that the government has massively entered into more real estate loans.

Gold is at record levels, with no sign of going downward. We see that the S&P 500 is up 18% for the year, but the price of gold is up 21%. Assuming that gold represents actual and real purchasing power, then no matter what paper dollars investors may or may not have gained, they’ve actually lost money in terms of purchasing power.

And yet everywhere we look, the government is telling us that black is white, failure is success, and the recession is over. Who buys into this kind of nonsense? Why…the woman in Detroit! She and those like her are the mainstay of the modern Democrat party.

Around here in the ghetto, poor people are all over the place. Very few of those folks pay the slightest attention to reality. They hear the 15-second sound clips on the radio, if they even listen to a radio. Or they see the stories on the evening television news, and synthesize some sort of fantastical view of what’s going on in America. Then they come face to face with the reality and can’t begin to fathom what’s taking place.

Obama has a “stash,” apparently, according to these people. He’s got money and he’s just going to open up his wallet and hand it out for free. According to another news story, 43% of Americans will pay NO taxes this year. That’s about half the population. The other half (1 out of 2 people, every other person) will pay taxes. And California wonders how they possibly could have a $1-billion shortfall in the projected tax revenues!

But hey, fiddle-di-dee, tomorrow’s another day. And it’s just so FUNNY that all these money problems bother the rich folks who stole it all anyway, right? Hah hah hah…stupidity is something to be proud of. It gets you “street creds,” meaning credibility when you hang out on the broken-down couch, eating potato chips and watch the news. Let’s all get on our cell phones and babble on about the latest tabloid story. We can wander down to the “gub’mnt office” and sign up for “mo’ money.”

And when it all comes crashing down? Then what? Hah hah hah…Obama will just hand out more cash. And if he doesn’t then boy are we gonna all be mad! It’ll be great! We can burn things, wreck things, turn over cars, and maybe barbecue some burgers over the open fires.

It’s absolutely pathetic! And it all comes from decades of modern education theories, brought to you by the 60s radicals who envision a Utopia of socialistic dreams. Hah hah hah…what a riot! Oh…wait…that means real riots! The kinds with guns and head-bashings! The kind of riot where people end up dead or hospitalized and cities burn. Hah hah hah!

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4 Comments »

  1. […] market news by Punchinello’s Chronicles « Failed Economic Policies and Rising Unemployment in the United States of America […]

    Pingback by » Hah Hah – Stupidity is Wonderful! » Gold Stock Investment — October 10, 2009 @ 6:08 pm | Reply

  2. Thanks for including that video. I knew the level of absurdity was bad but those women speaking are just unbelievable. They act like it’s just another day in the park and that everything is going to be great. What comes to mind is an ostrich with it’s head in the sand where they can’t see a thing.

    If this is what our country is coming to they we are in really bad shape. When the sky comes crashing down they won’t even realize it.

    Comment by Kathy — October 11, 2009 @ 12:05 am | Reply

  3. This IS what our country has come to! 56% of those surveyed now approve of the job Mr. Obama is doing, according to an AP/GfK survey, up from 50% in August. Optimism is everywhere, the recession is ending, and who cares about the unemployment rate? That’s just a minor problem that always “lags” behind real economic recovery. Obviously, with Obama Clause’s secret stash, we just haven’t heard yet about all the other floods of money that will fall from the sky. Soon. Another couple of days, that’s all. Just wait. You’ll see!

    Comment by Punchinello — October 11, 2009 @ 2:25 am | Reply


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