The Cody Word
  • November 17, 2009 01:10 PM EST by Cody Willard

    O meets Hu: Alec Baldwin and/or Jack Donaghy for Treasury Secretary!

    How conceited are all these Republicans/Democrats/Commies/Socialists/whatevers meeting in Asia pretending they can control global economies?

    Do you really believe in a handful of bureaucrats and politicians who've been in power as we've driven our economy and country off a cliff with unemployment at generational highs, with debts that will take decades of work from our children to pay off, with a three-quarters of a trillion dollar annual military industrial complex that is steadily funded for decades on end now, and with unconstitutional bailouts for the richest bankers and corporations in America, and who are at best conflicted and at worst corrupt...

    Let's assume such politicians and bureaucrats could be god-like enough to truly understand all the intended and uninteded consequences of currency-intervention, interest rate intervention, fractional reserve banking, Treasury programs that sell obscure derivatives based on obscure packages of obscure real estate transactions except when the Treasury department is buying such instruments of ingenuity except when the Federal Reserve is trading those assets for other Treasuries that the Fed might or might not have paid cash for originally, unless they were able to induce "private" capital into those assets by guaranteeing the owners of that private capital that they can keep all their profits and pass along any losses back to the Treasury and/or the Fed and/or the FDIC.

    Such an assumption would include believing of course, that such god-like omniscient and omnipotent politicians and bureaucrats would also be able to completely understand the end game of the thousands of targeted tax tricks for landowners and homeowners with mortgage tax relief and even $8,000 welfare checks for first time homebuyers, and FHA-funded insurance enabling more people who have almost no money to put down on a home to buy one with taxpayer money on the line instead of their own money on the line.

    And they'd know exactly where, when and what targeted tax tricks they should aim at corporate america too -- you know, things like like subsidies for coal companies and other oil companies and other companies that seem to be polluting our earth and causing negative externalities for all of us on the planet (yeah, it's also a good thing those politicians and bureucrats in Asia understand negative externalities and its ramifications on economies) and for corporations who make $75 million movies as was included in that most recent Republican/Democrat Stimulus Bill of 2009.

    Let's assume they actually grasp how all those programs and policies intertwine with my dad's ability to provide veterinary services on a cat in Ruidoso owned by the go-to front-end-loader tractor dude in town.

    Now I'm supposed to believe that by making some policy, monetary and fiscal changes to all those aforementioned economic policies are going to improve my dad's ability to spay that guy's cat and his ability to pay for it.

    Ah, that's right, Hu's gonna tell Obama to tell Emmanuel to tell Geithner to create a few new programs to use tax payer money to pay the guy with front end loader to fix the Panorama bridge washed out by the great flood of 2007 and it'll all work out for everybody including those farmers in China that Hu won't let on the Internet.

    Do Obushama/Bernanke/Geithner/Emmanual/Hatoyama/Hu/Brown/Berlosconi/the rest of the elitists think they're god?

    I had a videotape at the recent hearing when the Treasury department tried to schmooze over a bunch of the smart financial bloggers of the world like my friend and partner, David Merkel from the the Aleph Blog and my buddy Michael Panzner from Financial Armeggedon:

    Here's the clip on YouTube http://www.youtube.com/watch?v=LqeC3BPYTmE

    Maybe we outta let the rule of law as based on the Constitution direct our policies again. Just sayin'.

    PS. I'd always thought Lil Timmy Geithner looked a lot like Timmy from South Park, but now I see he's a young Jack Donaghy from 30 Rock. Hmm, and that sorta makes sense in a weird cosmic loop kind of way if you think about.

Cornelius

Interesting and informative. But will you write about this one more? comprar levitra

November 18, 2009 at 8:33 am

Bob Hickerson

Cody, Way to go! This country worked well without these Stanford and Ivy League types fouling the nation. We need more Lobos, Golden Griffins and Hokies in charge. If it hadn't been for Timmy the Tax cheat, the market might have gone up more. Why did he work with Hank Paulson to bankrupt Lehman Brothers than Goldman Sachs. He wanted BHO to win and creating an economic crisis would do that. BobH

November 17, 2009 at 8:35 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."