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Obama Says Don’t Worry About Debt, Whole Cities Seek Bailout Bucks, Job Cuts, Gold Forecasts, and More!
Contrarian Profits (November 17th, 2008) Writes:
Welcome to the Fantasyland issue of The 5…“Shouldn’t worry about the deficit,” assures Barack Obama… “yes we can” keep spending. Can’t balance the budget of your dreams? Call the Treasury… Atlanta’s doing it. Gold still suffering… Ed Bugos’ future fantasies for precious metals stocks. Plus, no one immune to the great housing illusion… the infamous Neverland Ranch shuts its doors.
“We shouldn’t worry about the deficit next year or even the year after,” the U.S. president-elect Barack Obama said on 60 Minutes over the weekend.
We were afraid that Barack’s message of “change you can believe in” was going to make it harder to take issue with politics as usual in Washington. But now we see he already drank the Kool-Aid and we had nothing to fear but fear itself.
“The consensus is this, that we have to do
...Addison Wiggin, Aig, Arnold Schwarzenegger, Atlanta, Bank Of America, Barack Obama, Barrick;, Bear Stearns, bloomberg, Christmas, Citigroup, Colony Capital;, contrarian profits, Dennis Kucinich;, Department of the Treasury, Dow 30, Ed Bugos, Elijah Cummings;, European Union, Fannie, Federal Reserve System, Freddie, Goldcorp, Japan, jimmy carter, JP Morgan Chase, Market Commentary, Michael Jackson, Michigan, Nasdaq Composite, National Association of Business Economics, Neel Kashkari, Neverland Ranch;, Nipponese government;, Paulson Friday;, Philadelphia, Phoenix, reduced oil consumption;, Sp 500, United States, USD, Washington
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