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-- Posted Thursday, 16 April 2009 | Digg This Article | Source: GoldSeek.com
Rick’s Picks Thursday, April 16, 2009 “Phenomenally accurate forecasts” With Tea Party protests erupting across the U.S., we wonder whether the anger will mutate into riots once taxes are actually raised. So far, though, and as far as we’re aware, all of those extravagant stimulus packages have yet to cost Joe Taxpayer a dime. How can this be, you ask, when the U.S. Government supposedly has gone trillions of dollars deeper in hock to pay for it all? Some will explain that it’s just “Buy Now, Pay Later!” on an epic scale. But considering that no one has been taxed for all the goodies yet, one could almost believe that the money has been plucked from trees. And that sounds like win-win to us, as long as we don’t dwell too heavily on the fact that it’s just a dirty rotten lie. 
Better that we should take the stinking lie and run with it – which is to say, believe, for just a moment, that even when all the costs of FDR’s Second Coming kick in, most of us won’t have to pay for it. Mr. Obama has explicitly promised this, saying he is only going to raise the taxes of five percent of American workers. As for the remaining 95 percent, they supposedly will see their taxes fall, even as the filthy rich – i.e., anyone making more than $250k – shoulder the burden of a multi-trillion dollar public works program, “affordable” health care for everyone, TARP, and everything else on the Democrats’ 40-year wish list. So then, what was yesterday’s Tea Party all about? Here in Denver, the crowd looked like mostly working stiffs, not the kind of white-shoed muckety-mucks of the corporate world who will soon be footing the bill for Mr. Obama’s fiscal lollapalooza. But there they were, placards and posters raised in ire, protesting the onerous new taxes that Mr. Obama has promised they will never have to pay. If the President’s spinmeister’s had been doing their job, there would have been no Tea Party, only 130 million taxpayers blissfully content not to be among the five percent who have been chosen to pay. *** Rick's Picks publishes a daily trading newsletter for gold, stock, commodity, and mini-index traders 240 times per year. Information and commentary contained herein comes from sources believed to be reliable, but this cannot be guaranteed. Past performance should not be construed as an indicator of future results, so let the buyer beware. Rick's Picks does not provide investment advice to individuals, nor act as an investment advisor, nor individually advocate the purchase or sale of any security or investment. From time to time, its editor may hold positions in issues referred to in this service, and he may alter or augment them at any time. Investments recommended herein should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Rick's Picks reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscribers' initials will be used unless express written permission has been granted to the contrary. All Contents © 2009, Rick Ackerman. All Rights Reserved. www.rickackerman.com
-- Posted Thursday, 16 April 2009 | Digg This Article | Source: GoldSeek.com
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