The Swamp Report

We have plenty of oil?

J. D. Swampfox — Fri, 19 Feb 2010 14:58:24 +0000

The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big. We have plenty of oil right here within the borders of the United States. The report was an updated one to the old 1995 version on how much oil was in [...]

Go back to 2007 spending – is that so hard?

J. D. Swampfox — Wed, 10 Feb 2010 03:21:19 +0000

Republican senator George LeMieux of Florida was appointed to fill the unexpired term of Mel Martinez, who resigned. His analysis shows that ALL WE HAVE TO DO TO BALANCE THE BUDGET is go back to 2007 spending levels! It’s a no-brainer! But not for idiots who buy votes for a living. If government spending were reduced [...]

Shiller PE ratios still too high?

J. D. Swampfox — Mon, 08 Feb 2010 16:05:59 +0000

John Authers at FT has a good piece about long term price to earnings ratios. The bottom line is that: …last year stocks were never nearly as undervalued as they had been at the previous great bear market lows. …the Shiller data still suggest that stocks needed to get much cheaper than they did at last March’s [...]

History Repeats

J. D. Swampfox — Mon, 01 Feb 2010 16:54:13 +0000

A 1934 Chicago Tribune cartoon…From the looks of Obama’s new budget, the plan to take over the United States hasn’t changed:

Obama: got a better idea for health care? YES!

J. D. Swampfox — Thu, 28 Jan 2010 14:43:01 +0000

In the president’s SOTU last night, he said regarding health care: But if anyone from either party has a better approach that will bring down premiums, bring down the deficit, cover the uninsured, strengthen Medicare for seniors, and stop insurance company abuses, let me know. Here is a simple approach that will work: A. ELIMINATE ALL EMPLOYER PAID [...]

A new party?

J. D. Swampfox — Mon, 25 Jan 2010 17:33:37 +0000

Bill Freeza suggests now is the time for a new third party to focus the anger of the American people into the really needed action – voting bums from both parties out of office. We agree. As a practical matter the new party platform must be created in such a way that new membership in [...]

Dem’s Plan to Pass Healthcare Reform: “Send the men home”

Minute Man — Mon, 25 Jan 2010 14:43:26 +0000

A female Democratic lawmaker in footage released Sunday said Congress could pass healthcare if female lawmakers “sent the men home.” “We go to the ladies room and the Republican women and the Democratic women and we just roll our eyes,” she said. “And the Republican women said when we were fighting over the healthcare bill, if [...]

Simon Johnson goes crazy

J. D. Swampfox — Sat, 23 Jan 2010 21:14:07 +0000

Simon Jonson has suggested that (ultra liberal inflationist and debt multiplier) Paul Krugman be made Fed Chairman – instead of the bankster Bernanke. Bernanke definitely needs to go …but to replace him with Krugman? Simon Johnson has gone nuts and his sidekick Kwak has such a liberal political bias that it gets in the way [...]

Can’t boot em out if the vote is rigged

J. D. Swampfox — Thu, 14 Jan 2010 15:01:06 +0000

Much cyber ink has been used lately predicting significant house and senate seat losses for the Democrats in the 2010 elections. But a piece in American Thinker points out that Dems can’t be voted out if they control the election process through vote buying and other corruption. Giving the vote to millions of illegal aliens [...]

Obama buys an economist to push Obamacare

J. D. Swampfox — Tue, 12 Jan 2010 23:03:32 +0000

From firedoglake.com For almost the entirety of the health care debate, the Obama Administration has relied on economist Jonathan Gruber to make the public case for its idea of reform – even the most unpopular parts. But as Firedoglake revealed on Friday, the Obama Administration has failed to disclose that it paid the same economist more [...]

Geithner must go

J. D. Swampfox — Tue, 12 Jan 2010 01:19:00 +0000

Dylan makes the case against Timid Tim. The TBTF’s own the Treasury Secretary- it’s definitely where the evidence points. We are surprised the MSNBC network lets Radigan say stuff like this… Visit msnbc.com for breaking news, world news, and news about the economy

Why we must audit the FED regularly

J. D. Swampfox — Mon, 11 Jan 2010 14:57:56 +0000

Where there is smoke- there’s fire. Where there is obfuscation – there is something to hide. Bloomberg’s effort to make the FED disclose firms benefiting from the bailouts is being dragged out by the guilty FED and its chief, Ben Bernanke. This is why we need to pass Paul’s Audit the FED bill post [...]

The debt is still here

J. D. Swampfox — Fri, 08 Jan 2010 16:48:06 +0000

TPC has a good post from Comstock, as summarized below: So let’s sum this up. Even in this big “recovery” that is being spun so heavily on financial TV, employment is still down 5.2%, retail spending 8.4%, new single-family home sales 73.3%, core new durable goods orders 19.6% and industrial production 11.5%. Since the numbers have moved up [...]

Demise of Private Health Insurance?

J. D. Swampfox — Thu, 07 Jan 2010 21:02:19 +0000

Some dire predictions for private health insurance are here. WHAT WILL REALLY HAPPEN A) Oh yes, please look at the 2014 stipulations as well. Employers will ultimately drop their coverage and stop offering it if they employ more than 50 employees. Think about it, they will cut costs significantly in the form of premiums (they will have [...]

Move your deposits from TBTFs AND…

J. D. Swampfox — Sun, 03 Jan 2010 12:45:25 +0000

If you are underwater on your home loan and can’t afford to make the mortgage payment, give the TBTFs the keys rather than “cooperate” with them. You are better off AND the TBTFs are then forced to write down the value of your mortgage on their asset list. This helps the country, in the long [...]

Echo: MOVE YOUR MONEY

J. D. Swampfox — Wed, 30 Dec 2009 15:42:26 +0000

Denninger is again calling for a boycott of the big banks. We at Swamp Report support this 100%. The TBTF’s will not be TBTF if we move our money out of them. We however believe the boycott should be extended to at least the top 10 banks, not just the top 4. Do it today! This [...]

Poll: Commodity price forecast for 2010

J. D. Swampfox — Tue, 29 Dec 2009 17:15:34 +0000

Will commodity prices be higher or lower at the end of 2010 compared to now? Higher Lower pollcode.com free polls

The Sweetheart Deals of the Obamunist Senators

J. D. Swampfox — Sat, 26 Dec 2009 14:49:19 +0000

This list provides a brief but we know, incomplete description of the corrupt deals for special treatment of SOME states for their senator’s support of the Obamacare takeover of 17% of the US economy. If these deals are not unconstitutional, we need to amend the constitution so that they are.

AG’s of 7 states to challenge “Nebraska Compromise”

J. D. Swampfox — Thu, 24 Dec 2009 03:31:58 +0000

From YAHOO: The top prosecutors in seven states are probing the constitutionality of a political deal that cut a funding break for Nebraska in order to pass a federal health care reform bill, South Carolina’s attorney general said Tuesday. Attorney General Henry McMaster said he and his counterparts in Alabama, Colorado, Michigan, [...]

Gospel according to Geithner: “No second wave crisis”

J. D. Swampfox — Wed, 23 Dec 2009 14:53:38 +0000

Treasury secretary Timid Tim Geithner has predicted there will be no “second wave” financial crisis to follow the crisis of last year. “We are not going to have a second wave of financial crisis,” Geithner said in an interview with National Public Radio. “We cannot afford to let the country live again with a risk that [...]

The CBO tells the truth about Obamacare – Dems voted in in the middle of the night

J. D. Swampfox — Mon, 21 Dec 2009 14:50:26 +0000

The Weekly Standard: The Democrats are irresponsibly and disingenuously claiming that the bill would cost $871 billion over 10 years. But that’s not what the CBO says. Rather, the CBO says that $871 billion would be the costs from 2010 to 2019 for expansions in insurance coverage alone. But less than 2 percent of those “10-year [...]

Democrat Nelson now supports Obamacare

J. D. Swampfox — Sat, 19 Dec 2009 16:40:49 +0000

First Senator Mary Landrieu of Louisiana is bribed with $300 million in pork to support Obamacare, then Blanche Lincoln of Arkansas “suddenly” removes her objections. Lincoln appears to be resigned to being voted out of office and likely has cut a deal to be hired by the Obamunists once she is removed from the Senate. [...]

US will go bankrupt…unless we pass Obamacare?

J. D. Swampfox — Thu, 17 Dec 2009 22:48:47 +0000

Obama’s personal network, ABC, has an interview of Obama in which the president warns that unless we pass his health care reform bill, “the US will go bankrupt”. Well, then we will go doubly bankrupt if we DO pass it – ’cause Federal spending – and the deficit will indeed mushroom if the communist’s Obamacare [...]

“Fat cat bankers on wall street” is just Obama BS

J. D. Swampfox — Thu, 17 Dec 2009 19:24:48 +0000

Tech Ticker is very cynical on the Obama Administration. So too is the American public – as evidenced by the recent poll numbers. The excuse to spend until the world ends was that we need to avoid the end of the world. So now we have a choice: end of the world? or…end of the [...]

Wealth redistribution and bank nationalization

J. D. Swampfox — Wed, 16 Dec 2009 15:45:10 +0000

A Les Leopold opinion piece in Huffpo argues we need a special 10% annual wealth tax on people who have a networth in excess of $500 million and that we need to nationalize the 19 largest banks. Hmmm… regarding the wealth tax: what about non-persons? – that is, what about for-profit and not-for-profit corporations (including [...]