The once proud eBay will be but a memory by 2010

As seen by the Google stock discussions, eBay is headed down a seeming irreversible path to zero. Since John Donahoe came on board as CEO, with the apparent blessings of founder Pierre Omidyar, the company's stock has been plummetting faster than the market is dropping.

A catch-22 the stock market is, since eBay is one of the 100 stocks that make up the Nasdaq index. Suffice it to say, as eBay goes, so goes the index. While cheerleaders are busy blaming the economy for eBay's slipping stock price, they fail to notice the correlating relationship of eBay and the Nasdaq index.

In a more direct way of putting it: It is eBays failing policies that are dropping the market rather than the market dropping eBays share price. Simple as that folks!

Amazon, which is also on the Nasdaq 100, reported its best Christmas sales season ever for 2008. We have yet to hear of such news from eBay, and likely will not anyway.

eBay eliminates "live" help...

....and interestingly, the same day they eliminate "live" help their stock rises by 8+ %!!!!

For the typical shareholder who doesn't seem to care about the company's policies, that is wonderful news. To them the slump is over, happy days are here again. However, this may just be the peak of the dead cat bounce which will happen in January after the quarter ends.

Donahoe is just the lightining rod for the whole executive board's actions. Even Pierre Omidyar seems all too happy with Donahoe's leadership.

The 'best match' for us to get the message across is to simply stop selling via eBay, don't buy anything via eBay. It doesn't require anyone to suspend accounts or anything drastic.

Just say "NO" to eBay this Christmas!
No listings
No buying

More on "Bill me Later, Paypal"

Seems that a simple google search comes up with reams of internet pages about Bill Me Later (BML) problems. Seems they are a "best match" for eBay's pet payment service- Paypal (PP)-. Both PP and BML suffer from the common malady of piss poor customer service and a proven track record of deceitful charging and billing practices. Both are relatively small companies compared to giants like Citigroup (which is another post topic all unto its own!).

Get ready for them DEMs!

High unemployment.
Higher taxes.
Government bailouts.
"Wealth Redistribution"

Heck, were on our way to the new Democratic Party re-enactment of the "Great Depression-pt2"

Here's the faces of the new (raw) deal:


And our fearless, intrepid leader of CHANGE:

Bill Me Later, Paypal

As eBay slowly sinks into the murky depths of its own depravity, I had a funny thought about the "new" company that ebay is trying top fashion itself into...a non regulated finacial institution that will be the merger of Bill Me Later and Paypal, which I feel should have the post merger name of "Bill Me Later, Paypal...an eBay corporation".

It seems fitting that such a once revered online company as eBay should be villified by its own stupendous idiocy as changing its corporat e direction during the worst economic downturn in the last half century! By all rights eBay should have OWNED the market in auctions given the recession, rather they have forced out the sellers who made them what they are in favor of a few "diamond" power sellers who are mostly eBay subordinate corporations such as Buy.com.

So, Conservatives were right to be afraid of the "Obamanation"

As the link here shows, the adulation of his hollowness, Obama reigns supreme in the demented minds of his blind followers.

A holiday in honor of Obama? !!!!
That will be a hollow day indeed.

He hasn't even been sworn in as President and his followers (yes they are followers, not "supporters" ) want a NATIONAL holiday honoring president elect Obama!

Lets push for a Reagan Holiday first!!!

Obama is "spreading the wealth" already!!

Campain Workers angry over unpaid wages

Jeremy Brilliant/Eyewitness News

Indianapolis - Lines were long and tempers flared Wednesday not to vote but to get paid for canvassing for Barack Obama. Several hundred people are still waiting to get their pay for last-minute campaigning. Police were called to the Obama campaign office on North Meridian Street downtown to control the crowd.

The line was long and the crowd was angry at times.

"I want my money today! It's my money. I want it right now!" yelled one former campaign worker.

A former spokesman for the Obama campaign said 375 people were hired as part of the Vote Corps program and said people signed up to work three-hour shifts at a time. Three hours of canvassing got workers a $30 pre-paid Visa card.

The workers showed up to get their cards Wednesday morning at 10:00 am.

"There was a note on the door saying 1:00 pm and then at 1:20 pm everybody was like why is nobody here. They just got here and they're trying to get it organized," said Heather Richards, a former campaign worker.

The large gathering of around 375 people prompted police to call in extra officers and set up temporary barricades. The barricades helped keep the crowd from spilling out onto Meridian Street. Police say the several hundred people in line were for the most part orderly.

"No arrests. Some of the people were upset at first because the line wasn't moving as fast as they thought it should. But we really haven't had any problems," said Major Darryl Pierce, Metro Police.

Eventually people did start getting paid, but some said they were missing hours and told to fill in paperwork making their claim and that eventually they would get a check in the mail.

"Still that's not right. I'm disappointed. I'm glad for the president, but I'm disappointed in this system," said Diane Jefferson, temporary campaign worker.

"It should have been $480. It's $230," said Imani Sankofa.

"They gave us $10 an hour. So we added it. I added up all the hours so it was supposed to be at least $120. All I get is $90," said Charles Martin.

"I worked nine hours a day for 4 days and got paid half of what I should have earned," said Randall Waldon.

Some people weren't satisfied with filling out a claim form for money they felt was still due to them.

"They say that they gonna call you or they going to mail it to you, but I don't know. We'll see what happens," said Antron Grose.

"Talking about they'll mail it to us. I ain't worried about that, man. They're not going to mail nothin'," said Martin.

Wow! It looks like those 'entitlement' liberals are getting a first hand view of how redistributionism, (aka socialism) really works.

Obama, the Great Black Hype or Hope

Well, let's just get it out in the open here.

Racist=white, just like Socialist=black

By that juvenile logic whites can't be socialists just as blacks can't be racist, hmmmm.
Of course there are white socialists and black racists. You'd never know it by getting the news via today's liberal media!

Since over 95% of registered black voters voted for Obama we can't say the election results were based on race. But if 95% of white registered voters voted for McCain, the liberal media would say there was a "racist" bias. It seems that the liberal media and the Democratic party cannot comprehend the concept of blacks as being capable of racism to the extent of formerly overt white racism. Unfortunatley both the media and Democrats sadly fail to understand the meaning of "racisim" particularly the simple meaning of tending to side with one's own race.

Favoritism of extreme sort by race, particularly white, as what racism was formerly considered which was largely eradicated with the civil rights movement of the 1960's and 70's will soon be replaced by an ugliness of retributive racism by those whose failed to learn from history.

Early Election Results are in.. with only 0.0005% Precincts Reporting

Ahh, that LIBERAL just ever so slightly biased media!!!! Abc-news is already calling some of the election results for the Obominable One with less than 1% of the precincts reporting. Again it shows that the media wants BO so bad it stinks! Hows about NOT reporting the results until at least 33% of the ballots are tallied. That way at least the chances of being dead wrong with their "predictions" would be greatly reduced. Nahh!

History will show that on this day we as a nation lost our collective sanity and elected the most inexperienced, incapable leader since Jimmy Carter a generation ago. The sad thing is BO will do more damage to the USA than Carter could have tried to do. BO will have ready and ever willing allies in both the Senate and House thus making it truly a triple threat to our freedoms for the citizens of this country. Welcome great leader Obama, we are your unwilling slaves caught in your soporific vision of ideaism and socialism.

I weep for this country as never before. The tenets our founding fathers held close are soon to be ruled unconstitutional by the most Godless government this great nation has ever voted into office.

Lord, please don't let the Democrats win!!!

I fear for our emerging new country, The "mostly" United Socialist States of America if Obama and a Democratic majority are voted in. Free speech will become a thing of the past much as it did under the Soviet Socialist regime.

The times, they are a "change"-ing

The soon to be emperor has no clothes, but far be it for the "mainstream" media to tell him that! The poor mainstream media is so ga-ga over BO they can't comprehend how much he has pulled the wool over their eyes.

"Change" is a nice word, but without defining it, what does change really mean for the Democrats who blindly follow the Obamanation? It would seem that change for them is the "re-equalisation" of wealth among rich and poor. What a pleasant socialist agenda! Reward fiscal conservatism? Reward entrepreneurship? HARDLY! The Democrats want to take what you already have and redistribute it to the undeserving masses while simultaneously sinking any hope of realising the "American Dream". They would rather you didn't own a house, or drive the car you like, oh hell, they even want to control how your church can celebrate it's religion by forcing them to accept gay marriage.

Things sure are "change"-ing already even before BO loses on Nov. 4th!!!

Wag the Dog...eBay Style...

...Or perhaps it should be Paypal style. Maybe the whole "disruptive innovation" that eBay CEO John Donahoe came up with is to essentially scuttle eBay as an auction house, creating Amazon.com "jr", while at the same time letting former independent Paypal (now "owned" by eBay) become the defacto internet market transaction portal for those convient paperless (and victimless) transactions. That way, even if eBay's core businness as a wanna-be lookalike to Amazon.com uttterly fails (as they seem to be driving at), the real money control will still be Paypal. Since Payal is a subordinate company to eBay, eBay's prime share holders reap the benefits of the deal. Notice that Paypal is NOT publically traded and thus could be spun off soley at the discretion of the board.
Who really runs eBay? eBay or Paypal? Odds are Paypal is calling the shots on this scenario.

Barak Obama, Socialism and the Reverse Funnel

The common denominator is the pyramid scheme.

Obama promises to "spread the wealth"
Socialism promises to "spread the wealth"
Pyramid schemes promise to "spread the wealth"

The only difference between the three is who the wealth distribution actually goes to.

We've likely heard the $50k-a-month advertisements on the radio. Youtube has a funny video that explains it as a "reverse funnel" (which looks remarkably like a pyramid). You would think that someone who claims to make $50k a month would have better commercials, after all the guy "makes" $600k per year luring suckers into his scheme.

Likewise throughout history socialism has claimed to be the vehile of equalising the rich and the poor, yet every socialist experiment foisted upon mankind to date always winds up as an oligarchy. A few very rich leaders and a boatload of very poor handing over what little they have to support the ultra rich leaders.

Then, there's Obama. He won;t let on to his faithful followers that they will be screwed along with everyone else. Many of Obama's supporters earn significant six figure incomes and would be punitively taxed under his "wealth re-distrubtion" ideals. Somehow they seem to think that they will be among the oligarchs in the power class. How sadly wrong they are. They only need to look at History to show the ugly truth of socialist agendas.

McCain better raise some cain if he wants to win

Wow! Only 3 weeks to go till the long anticipated election of the century, and we're only 8 years into the century!

Hopefully, we the American voters will have the decency and sense to vote for McCain/Palin rather than the hopelessly inexperienced Obama/Biden ticket which only promises to RAISE TAXES on everybody and redistribute those taxes to the "poor" as defined by wealthy liberal Democrat elites.

OCT 1929, again?

Well, maybe not, though with banks failing it is reminiscent of the saving and loan fiasco of 1989. Perhaps the worst awaits us in 2009. Seems to be years ending in "9" that get the investors and markets spooked.

With less than a month to go before a rather unusual election we are faced with a financial crisis of extreme scope. If the Fed bails out the banks, then our banking system is nationalised. Hmmm Socialism, that stuff the Democrats seem to embrace so willingly even if they will say anything to call it by another name. Speaking of Democrats, it was on their watch that this crisis happened. Sure, they're trying to blame President Bush. You'd think our own congress doesn't understand the concept of seperation of powers as defined in our constitution! Congress is the body that wites the laws and regulates trade and taxes. The President only serves to watch congress in this respect to approve or veto legislation passed by both houses. Since Democrats are the majority party, they could have seen fit to step in at any time since JANUARY 2008 to control the situation. But, no, they were as much on the take as the institutions they were supposed to be watching, Fannie Mae and Freddie Mac (Institutions created during Democrat party majorities), having recieved campaign funds directly from both now defunct organisations.

eBay's community boards...the Worlds most expen$ive BBS!!!

For all you eBay members perhaps you should look into the eBay "community" boards. On a per capita basis it has got to be the most expensive semi public chatroom ever! Almost every category has negative comments about eBoneheads latest policy change of the month. Watch eBay stock dwindle along with its seller (and subsequently its buyer) base. seems every week, the stock hits a new low. Follow the new CEO John Donahue's clueless direction of the worlds LARGEST auction site down the path of finacial ruin! WoW! Once in a lifetime opportunity to witness firasthand the demise of the best thing to happen to the internet, a demise brought about by 40-something nownothings in the business world! A must see for any fledgling entrepenuer, just ask Pierre M. Omidyar the founder of eBay if eBay is the same company he founded back in 1995. Of course Mr. Omidyar is a multi multi millionaire who could care less that his company has sold it's soul to the devil. He even agrees with John Donahoe. So much for entrepenurial spirit.

80 Days Without a Budget.....almost

78 days and counting.

Will we get to the magic milestone?

Until Gov Schwartzenegger actually SIGNS the budget, we are still without a budget.

The Beginning of the End for Ebay

Ebay used to be a fun place for sellers to list those items you didn't need anymore. In the process you (and eBay) made a few buck. But with their Draconian "Paypal only" policy complete with a mandatory 21 day hold on your funds while you ship items to a seller who can still leave YOU negative feedback (while You can not leave neg feedback for deadbeat sellers). With the new management at greed-bay who seem to desire nothing less than to poorly emulate Amazon.com they have decided to literally screw the sellers who made eBay what they are today. As of October the new policies go into effect become eBay "law" by Jan 1, 2009. Interestingly, eBay's stock is diving faster than the general downturn in the Dow Jones experienced today (which was a mere 504 point drop in one day, ouch!!!). Perhaps eBay will have to listen to the market and realise that they have performed the ultimate blunder in a sagging market by squeezing out their "bread and butter"- the sellers.

California Legislature Continues on Record Breaking Path!!!

Wow, who'd have thought our esteemed state legislators could and would break every record in the country for delinquent budget! Unfortunately, there is NO Guinness record for longest delay in passing a budget. Perhaps we should create a category just for Kalifornia!

Job Well Done!!! No wonder our state has fallen to the #10 spot from the # 7 spot as economies are rated. You guys (especially those Democrats) deserve to lose your State seats in the next election. Keep up the budget fiasco till November and I GUARANTEE that you will NOT get re-elected!

Oh Ohbama!

What next?

Today, it was a thinly veiled sexist remark comparing Sarah Palin to a pig with lipstick. Wow what candor finally from the media elite's "anointed one". Who'd have thought you were quite so sexist after your diatribes against Hillary earlier in the campaign?

Obama, you are the next president only in your own mind. Many delusional liberals including most of the mainstream media seem to be sharing your wild ride. For those of us rational thinkers, who will hopefully stay awake and vote for McCain/Palin, we are the last hope of this country in keeping the far left "liberal one" OUT of the white house.

A suggestion for the Blog-o-sphere

Simply put.
Post enough blogs about eBays "Paypal only" mistake, and maybe they'll notice???
eBay Paypal
eBay Paypal
eBay Paypal
eBay Paypal
eBay Paypal
eBay Paypal
eBay Paypal
Here today...R.I.P 8/20/08
Gone tomorrow.
So much for the new young leadership at eBay. May they find employment elsewhere after the fall.

An excellent blog post about eBay

Here's an excellent blog post about greedBay's wunderful new Paypal only policy and fixed shipping costs.

http://whatstickingmeofftoday.blogspot.com/

California Legislature Sets New Record, Public Underwhelmed!!!!

Wow,

Seems a majority Democratic party state legislature can't get a workable budget in place for the 10th largest economy in the WORLD!!! See left wing liberal L.A. Times article here . Two quotes from that L.A Times article sum up the majority Democrat viewpoint rather succinctly:

"The biggest obstacle to the lawmaking ambitions of majority Democrats this year was simple: No money to spend.

"How can you do anything without money?" asked Assemblyman Charles Calderon (D-Montebello)."

Obviously these lame Democrats can do NOTHING without spending our hard earned money on pet projects. A lesson for those guys- Learn to spend LESS money!

The lesson for us voters is........ STOP ELECTING DEMOCRATS TO STATE AND FEDERAL OFFICE!!!

Beginning of the end for eBay

Dateline: Aug 20th 2008, a date that will live in online auction history... eBay, the giant almost monopoly of online auctions has decided that they really don't want to be an online auctioneer anymore. They really, really, want to be Amazon.com junior. No more auctions. Well not at first, just find clever ways of dissuading any small sellers from selling by forcing Paypal only for payments, toss in a 3-21 (Paypal discretionary fund hold), and significantly higher final value fees, and ...ta daaa.... no more small time sellers. It really is that simple. So starting in Oct 2008 they will gradually tighten the Paypal only noose until there are only a few stalwart small sellers who haven't figured out other ways to sell and giant mega sellers who have feedback ratings in the 10000+ range. Meanwhile the rest of us will go to craigslist.org (which unfortunately is 25% owned by evilBay) or ebid.net or epier.com

eBay snubs both buyers and sellers

Seem good ol eBay (pay and obey), headed by Lorrie Norington has decided to further shoot themselves in the foot by making sweeping changes to their auction site. For those who distrust (and rightfully so) PayPal. eBay is making PayPal one of the mandatory electronic payment option required for listing compliance.

This in itself is a questionable move.

They go on to state that payment by NON ELECTRONIC means will be prohibited. In other words, money orders and paper checks will not be allowed. along with good old CASH!!! eBay is proving to be the true "Big Brother" advocating a completely cashless online experience. Interesting that they tried the scheme first in Great Britain (home of George Orwell).

Say goodbye to cash, hello to the "one world" electronic currency. The dollar need not trade hands physically to purchase goodies on eBay. Maybe in their view the dollar will dissappear in favor of some "unified" world currency. Perhaps eBay, a San Jose, CA based company feels that ultra liberal presidential Democrat Party candidate Barak Obama will will in November and further push the USA into the pit of "one world-ism". Lets hope and pray (and VOTE) that this does not happen.

Perhaps it is time to boycott eBay....again

Democrats in Congress Hold America Hostage!!!

So Now that President Bush has removed the executive obstacle to drilling for more oil all we have is the US Congress blocking it. And note that our US Congress is majority Democrat Party, well there you have it. Or do we? Seems that while the big oil companies are reaping record profits for their commodity, they have been quite happy to NOT do anything to lower it's value. So we have an interesting mix of Democrats AND Big Oil (Big Business) essentially colluding to keep the majority of America in the poor house. Who'd have thought that two sides who externally distrust each other would have worked things out so well?

All this wrangling for ever increasing profits has of course started to strangle our economy. Guess what, we can't say to Pres. Bush "it's the economy" because it isn't economics that is driving this craziness, it is simply greed. Even Democrats who traditionally love to hate big business seem to be favorable since the situation bolsters their "we need more government to help the 'poor' folk" and "we must 'save the planet' by going 'green' ", throwing away our oil based economy overnight by embracing 21st century tree hugging.

Heck Republicans don't seem too upset either. It's a free market, let the market set the price. That paradigm worked great when USA was the market. Now we compete with Japan, China, and Europe for oil. If our dollar goes down, the cost of oil goes up. But Republicans are too busy worrying about whether they can beat the Obama god who seems to walk on water while giving platitude laden orations to Europe and the Middle East.

Republicans should stop worrying about Obama, he will not make it to the presidency. He may think he is president already, but will wake up Nov 6th to a different reality show.

Ba ba baa Ba ba ba Barak

Oh Obama what would we do without you as our new found saviour? Whom did we ever think would be able to change anything? All change is good. With the price of gas and food, could you spare a little change?

Woe unto the Republicans who wish to save tha American way. Barak wants to change it, to what, we do not know. While Democrats swoon over the new messiah will Republicans croon about thier candidate?

Global warming should cease by the word of Obama, for he is almighty unto himself! Why should mere mortals challenge his omnipotent prowess?

Great gaffs, Batman! When did the USA have 57 States? Israel is the friend of Israel (huh seems kinda dumbly obvious). Why don't we hear of these gaffs? Oh, right, Obama is supernatural, he is pushing for.......change......

San Francisco- the liberal anti-church city

Well at least there are a few good and holy Roman Catholic, Orthodox and Eastern Catholic churches in San Francisco. They have their work cut out for them fighting the now infamous San Francisco city and county board who seem to be on a deliberate vendetta against organised religion in any form and particularly the Catholic Church's stand against homosexuality. Keep in mind the SF is the west coast haven for the gay agenda. The issue is Resolution 168-08.
story

In particular the boards resolution noted:

The board’s resolution urged the city’s local archbishop and the Catholic Charities of the Archdiocese of San Francisco to defy the Vatican’s instructions, concluding with a spiteful reminder that the church authority that issued the ban was known 100 years ago as "The Holy Office of the Inquisition."

It does seem clearer and clearer that the liberal elite has embarked on a quite deliberate attack on Judeo-Christan values here in Californication land. Recently we had a liberal California supreme court reverse a popular ballot vote regarding a BAN on gay marriage. Seems we the voters have no say in how our state is run. A handful of selected (as in NOT ELECTED) judges have essentially retroactively created law where there was none; Under our state constitution that duty is solely the task of the legislature, NOT the courts, whose ONLY job is to rule on the legality of law rather than to ex post facto legislate laws!!! OH MY, what a deceitful web they have woven for this great state!

Of course California's Democrats are all for this moment of "equality". sheeesh!

Hey, you can always send a nice happy note telling them how much you like or hate thier despicable decision here:
SF Board members

Hey investors!

Just a thought. Why don't we ALL just pull our money out of the stock market??? We're losing value to a few fat cats who are shorting stocks in this market. Sure, the little investor can't short certain high profile stocks, but the big guys SURE AS HELL ARE, you know it!

So, we're NOT in a recession, so you say!

Well, of course we're not..... because the latest news from the shitck market looks more like the great depression. Strangely enough the pattern is almost the same- Republican president in office during an unprecedented stock market run-up (potentially) followed by an even worse Democrat president willing to mortgage the country's future through gross taxation and inexperience unrivalled since the days of "stagflation" president Jimmy Carter! Meanwhile those of us who hoped to have ANY money left over after this are rapidly diminishing as images of people standing in line at banks to get their money out (kinda like 1929 all over again)

Who is tired of the Democrats already?

With the Democratic convention still a month away, we are still hearing the yappings of two candidates who should both NOT be selected as the Democratic party candidate for a host of reasons, the first being, they are both under experienced in real world politics!

Being a Republican myself, I won't be voting for either of them anyway.

Beside the whole Democrat Party boondoggle, we here in loopy la la land, otherwise known as California, have had yet another popular vote overturned by our highly liberalised State Supreme court regarding gay marriage. Seems an overwhelming percentage of the population voted against it a few years ago but our supreme court decided that was unconstitutional. So much for government OF the people, BY the people, and FOR the people!

Wow, I should post more often!

I should, I should, I should

If...

I could, I would I could.