643. Blogger Spell Check Broken Again

Sorry if words are misspelled in the last 2 weeks of blogs. This blogger's spell check does not work under Internet Explorer. All is fine under Firefox. Never a dull moment using Internet tools.

642. So, the Supreme Court plays its partisan games too.

Once again the Supreme Court voted there liberalism or conservatism, just like the political parties. This government's leaders are numb to the wishes of the people and Constitution. OBamacare can now continue to proceed after today's ruling that the controversial mandate is OK. However, it was stipulated that it IS A TAX! So you not so poor people who have just too much to get Medicaid, will be TAXED. No one expects them to get insurance sine a 1% of income fine is far less than health insurance for the year. Even starting 2015, a 2.5% fine is a joke and won't change the habits. Thus, we will continue to pay their medical expenses! How will they even enforce this? I'm sure they haven't a clue, but will hire hundreds of people, at our expense, to stir the mud. OBamacare needs to stop implementing things or we'll be another Greece. According to this article, America has become even more fiscally reckless since the last U.S. downgrade and we should expect another. I want to thank all the people who voted for Obama for destroying America!

641. Why Declare Sanctions?

How stupid this administration is. Declare sanctions on Iran and them void them with exceptions! OBlunder rather kiss China's butt yet again. Isn't it obvious to the public yet that OBlunder is playing the Chinese game instead of America's game? China has NOT proven to be an ally to negotiations with Iran -- just the opposite! We also play the currency war with China's rules for the same reason -- OBlunder still believes we can not offend China since they are a close ally to Iran and are "needed" for negotiations. Isn't it time we depart from the games and support to the world that isn't returning even a Thank You?

640. Let's just let them fight

Time to just ignore the idiot clowns in Syria -- both the regime and the rebels. Here the rebels attacked a radio station. This is like the liberals blowing up Fox news or the right blowing up a liberal press. This is insane! I think it is clear that neither side believes in an freedoms or rights. It has always been like that and will always be like that unless some friendly nation completely takes over. Didn't we learn our lesson in Iraq and Afghanistan, and now Pakistan. How about North Korea and Iran? How about China and Russia? This world is one big nut case. Now, if we can only keep our leaders' heads out of their arses.

639. Is OBlunder Contempt of Congress?

Republican Boehner is going forward to hold Holder Contempt of Congress. Should OBlunder also be held Contempt of Congress since he is also hiding the necessary documents via his stick (executive order). Maybe I need to rename OBlunder to OBully. When does Congress have enough of his crap? And what is with the Supreme Court too?

638. Go get them Texas (Immigration reform)

Arizona won some enforcement of immigration THEY can enforce even if the Federal Government insists they must keep their nose in it. In this article, Texas is destined to write its own immigration laws because the Federal Government isn't enforcing theirs. Go Texas!

637. Cry Baby OBlunder now wants to punish Arizona

Some of the Arizona immigration law survived the Supreme Court and becomes active today. But, NOT without cry baby OBlunder making it difficult for them to implement it and setting up hurdles for them to jump over. First he removed the local officers that were trained and put in place to enforce Federal laws. Then he set up a federal hot line for complaints. Plus, I am sure, he told his immigration offices to drag their feet when they get a call from Arizona to verify the status of someone. Then, fourth, only the Feds have a say on who should be held or not, meaning NO ONE. This war with Arizona will go on until OBlunder get sent south (wish it were Mexico)!

636. Currency War III continues

Today the ECB tweaked some of their rules that gave an appearance of making loans easier to obtain by broadening collateral requirements. Thus, by offering ways for banks to expand their loans. This resulted in positive news toward increased spending and was rewarded with stronger Euro. This in turn lowered the dollar and made our exports look even better. Now, the future news re the ECB lowering rates by 1/2% in July meeting will be their way to strengthen their export prices and manufacturers/producers. This should lower the Euro (more supply=lower price) and increase the dollar. Not what America wants with its high unemployment and stagnant economy. thus, as already noted in previous posts, Helicopter Ben will take his pennies up in helicopters and drop them across the country to lower the dollar, which will subsequently raise the Euro and move things back the other way. The net effect of currency wars that can last decades is net zero. It only cause volatility; and opportunities for investors who trade short-term. Fasten your seat belts -- the coster is nearing the first and steepest dropping peak. Of course the timing of the drop is planned for after the elections. Ben needs to keep his job and will make the climb as high as possible though.

635. I didn't know Al Gore had a new job

Apparently either Al Gore will be measuring the change in ocean depths this decade or he invented his own ruler to replace all the others in California. Here we go again Global Warming lovers: expect an extra half foot (no the sharks won't be feeding more) of water hitting the beaches of California by 2030. Hmmm, I will be how old? I'll be lucky if I can even touch my feet by then. Maybe babies will be banned from all beaches by then too, or polar bears will be body surfing in Malibu.

634. Politico cans reporter - FINALLY!

The last thing we need in this country is continuing racist comments by news media. Although Politico is not on my favorable reading list, it should be commended for removing Joe Williams from the public's eye by giving him the boot. I'd like to see this repeated for many others in the media who can't seem to keep race out the issues or want to edit the facts to mislead the public. Thank you Politico.

632. The rating cos. join the Currency War

Now we hear from another entity that affects investor's views -- Moodys. Here it is reported to be set to lower rating of major banks worldwide. On top of the dropping commodities and the Fed getting an extension of Twist to flood the market with dollars, the market is probably reacting accordingly: DOWN. I've read a few articles with conclusions that company earning re tracking fine, but, in all cases growth is NOT in the near picture. It is growth we need to get out of the hole (positive future, jobs, increased spending). We need this administration to stimulate GROWTH to generate a positive future for American businesses. Along with that comes future investments, hiring, spending. This is NOT the policy OBlunder takes though. He'd rather continue to want the Government to spend more to increase GDP. This has not and will not work. All governments in the world are faced with austerity spending measures. America has just been too dumb, too long to face the piper NOW. We are getting in dangerous water. I feel a new easing by the Fed, QE3 if you will, is NOT the way to go and will do nothing more than QE1 and QE2 have: nothing but a short-term spike that dissipates and leads to a worse state. Expect volatility -- ah, the summer heat brings out the market blues.

Ouch. Here are the downgrades reported after hours. I won't even pretend to know or understand the deal with derivatives and other impacts to the banks. If you understand, let me know.

631. Jim Rogers tries to explain today and last 4 years

"Monetary and Fiscal Policies of the Last 4 Years Have Failed: Jim Rogers" tries to clarify the current fiscal policies of this administration and plans. His logic is pretty sound as his interview Jeff Macke also agrees. Ben's unfortunately is on deck! Watch his moves closely. Just printing money is NOT the solution. It only raises the debt more. Listen also to the subsequnt interview.

630. We don't need your stinking commodities

Commodities Fall . Oil, Iron Ore, other raw materials needed in the manufacturing process. Why would we need a lot if people can't afford the products? We don't. Thus, the demand goes down and the supply up, and, yes, the supply-demand laws drives the prices lower. Not all bad if you think about it. Now the manufacturers can reduce their costs and therefore product prices to appease the poor consumers. However, they can also not afford the extra bodies in the process lines that are no longer needed. What a predicament. Ben, Ben, save us.

637. Fuel for Helicopter Ben's Fire

"Manufacturing growth slows, labor market struggling" highlights Reuters here. Just what Mr. Bernanke was looking for to pop the cork on his $267B Twist expansion. The "fixed deck" has been chosen, the cards marked, and we wait only for the deal so we can play our hands -- or have our hands played for us. Currency War III started in 2010 and it's Ben's turn to deal after some of the other countries have already dealt their rate cuts or printed money. Our exports have become more expensive and spending worldwide has been reduced. Thus, our economy gets a double whammy. Companies will NOT hire in this environment. Now you can stimulate the companies by cutting the capital gains tax to put it in line with the other countries so our companies can afford the increased costs, or you can devalue the dollar to make our exports cheaper abroad. Well, since the world is hurting, the latter doesn't make much sense since they can't afford to spend more even on THEIR manufactured products. I doubt if anybody will accumulate debt. Thus, purchasing power is stagnant. However, Ben can not make the decision on corporate capital gains cuts. Guess who needs to? You got it, the anointed one and his partner in crime the Democratic led Senate. This will never happen. So, we will see Ben spring and we will see the market respond upwards and then crater later before fall because nobody abroad can spend more. thanks Ben. Thanks OBlunder. Just once can you do something right and make this prediction wrong?

636. The Dems continue to support Holder coverup

I guess I'm not surprised that the Democrats in the House Over-Sight committee, who asked for all the documents needed to investigate Fast and Furious Scandal, voted to support Holder indicating that it was OK NOT to turn over the requested documents. Now the Attorney General is just a few hours away from Contempt of Congress, as should all the Democratic members of that committee. Geez. All the committee AND public wanted is a just look at the people behind Fast and Furious. For over 18 months Holder has IGNORED the House. Maybe he thinks he still has more time to delete or edit documents before someone gets their hands on them. Holder needs to go, as does Geithner and OBlunder and all his administration. Here's the news on the committee's vote. This administration is So-o-o CORRUPT.

635. MSNBC gets caught with pants down AGAIN

Here's how the liberal MSNBC lies to get its viewers believing Romney isn't up for the job. Well, in this world MSNBC should know whatever they film out in public is probably being filmed by someone with a cell phone too. Zing. The cell phone video shows what really happened, whereas, MSNBC edited their film to make it derogatory for Romney! What fools MSNBC and other liberal media are!

634. It's an Aqua One Foul Ball

"It's an Aqua One foul ball" is a saying the announcer's at the local baseball team announces every time the ball is hit foul. I suppose OBlunder is saying that his foreign policy and policies and plans for both the U.S. and world economics is off limits when he travels. Well, that makes them off limits ALL the time, doesn't it. Where did he dream up this nonsense that Romney can't comment about his foreign policy? OBlunder is really pathetic. Thing is, the world already know that Romney is correct and just stating so in their papers!

"President Obama's advice to the Germans and Europe has…the same flaws as his own economic policy - that it pays for itself over the long term if we focus on short-term business promotion."
"These recommendations are not only unwise," Hubbard wrote, "they also reveal ignorance of the causes of the crisis and of a growth trend in the future," Hubbard writes. "Long-term confidence in solid government financing shores up growth and enables the same scope for short-term transitional assistance. Mitt Romney, Obama's Republican opponent, understands this very well and advises a gradual fiscal consolidation for the U.S.: structural reform to stimulate growth."

This is a FOUL? This is reality! He should just take his mitt and learn to catch foul balls and stop telling others not to hit them. He is really showing what a loser he is worldwide! What a cry baby.

633. Welcome to the real world OBlunder

I guess you CAN'T lie when the world's press groups hear what is going on. Here OBlunder FINALLY admits (Collin Power needs to join him) some reality, although clueless also:

"President Obama said today that China are Russia are not aligned with the United States and its allies when it comes to resolving the escalating crisis in Syria" DUH! WE KNEW THAT LONG AGO.

"I do not think they condone the massacres that we've witnessed"... THINK? YOU DON'T KNOW?

"The U.S. continues to say that Syrian President Bashar al-Assad needs to go, but Russia and China have so far refused to turn their backs on their ally." NOTE: ALLY HERE DOES NOT MEAN US.

632. We can work out our differences, huh OBlunder?

Looks like OBlunder and Putin could NOT work out their differences re Iran nuclear mess and the beat goes on as it has throughout OBlunder's reign - oh how I love the anointed one (NOT)! Read for your self about the results of the latest negotiations with Iran here. Did anybody really believe it would result any other way than NO ACTION and NO Scheduled next meeting? A lot of talk and NO ACTION OBlunder!

631. So, the Private Sector is doing FINE, huh OBlunder?

According to Reuters, the job openings in April hit a 5-month LOW. And OBlunder reports the Private Sector is doing FINE? Just where does he get his information? Isn't it bad enough he can't even lead with correct information? Now he doesn't even bother to check if what he is saying is based on anything real! Do show this clown the boot in November and clear his administration out of the White House. Throw in lots of senators and representatives too. Good thing Helicopter Ben is warming his engines so he can keep his job (Romney will can him). Curring rates, another stimulus, will 'MAKE" things look better for OBlunder in his dream campaigm for reelection. Unfortunately for the astute, this will be FALSE increases and hopes. How do you get the OBlunder Sheeple to understand how they are being manipulated for votes and NOT their liberties and protection?

630. OBlunder, STAY OUT!

What do you advise the president to do when another nation (IRAQ), who has contributed NOTHING to our cause of liberating them and rebuilding them, ask for political favors that would affect American private industries (Exxon) from competing in the world oil explorations (Kurdistan Region)? Do you FORCE your will ILLEGALLY onto Exxon and hurt an American company or companies or continue playing games with a country who ABANDONED US, but now wants to cry WOLF? STAY OUT of it OBlunder! Keep an eye on this issue to see if OBlunder again bends at the waist and kisses butt. REF: this article.

629. Helicopter Ben is Returning

Sometimes I hate when people agree with me. Carol Pepper discusses her views in this article re Ben Bernanke providing more stimulus to the economy before the election. NOT what we need. Are we that desperate that we need to punish the world by lowering our dollar (what happens when we print more money or lower rates) so we can gain more of the world's money (our exports become cheaper and our private sector will expand). Yes, our unemployment is still too high because the world's spending is weak due to the European crisis (Europe is one of largest U.S. importers). So, let's provide them cheaper products (by pennies) and hurt their manufacturers and producers in longer term. Thus is the CURRENCY WARS going on. We saw Europe print money, China lower rates, Australia and England lower rates, etc. Printing money or lowering rates is how a country tries to get an advantage in the trade market and it boosts their economy TEMPORARILY and SHORT-TERM only. Other countries just counter the currency printing similarly to influence EXPORTS. The relationship of a countries GDP factors in Consumer Spending (C), Government Spending (G), Investments in private sector (I) and Net Exports (E-I) where I=Imports. Thus, if you can get the consumers to spend (C) more because unemployment is too high, housing low, etc., and the people are already screaming that government is too big and spending too much (G) and the private sector isn't exactly believing the future is good enough to hire and expand (I), then the only way to increase GDP is to increase net exports (E-I); i.e., GDP=C+G+I+(E-I). How is this done. Manipulate the currency - done by the Central Banks (which included the Federal Reserve). Ben controls the U.S. Central Banks and has the tools to manipulate. So, get ready for the next  spike to OUR economy, later countered by other countries, until everything is again balanced and we all accumulate more debt and punish our future generations more and more. When will the Currency Wars break the world? Or our Country? I haven't a clue. Does a hole we continually dig really end in China? Some believe the gold standard or something similar must return to stabilize the ridiculous currency wars. Mr. James Rickards in his book "Currency Wars, The Making of the Next Global Crisis" appears (haven't finished it yet) to be leading to that conclusion along with an international currency to cover the natural resources (now denominated in dollars). His book is an amazing read and clarifies all my assumptions and theories re the currency wars, trade wars, and natural resource hoarding.

628. Now OBlunder also believes Russia is our ally?

Here's two articles to get you thinking.
 In article 1, "OBlunder says [note, his CONCLUSION] that tensions can be worked out with Russia. In the article it states that "Obama says the U.S. and Russia agree that a political process needs to be created in Syria in order to "prevent civil war."

Article 2 , the same day as article 1, then states a few troubling facts and unknowns:
- "U.S. Secretary of State Hillary Rodham Clinton issued a harsh reprimand of Russia last week, when she said that Moscow "dramatically" escalated the crisis in Syria by sending attack helicopters there."
- " Two Russian navy ships are completing preparations to sail to Syria with a unit of marines on a mission to protect Russian citizens and the nation's base there...Each ship is capable of carrying up to 300 marines and a dozen tanks..."
- "Syria is Russia's last remaining ally in the Middle East, and has been a major customer of Soviet and Russian weapons industries for the last four decades, acquiring billions of dollars worth of combat jets, helicopters, missiles, armored vehicles and other military gear."
- "Russia also has an unspecified number of military advisers teaching Syrians how to use Russian weapons, which make up the bulk of Syrian arsenals."
- "Asked if the Pentagon is concerned about the plan, officials in Washington said it depends on the mission."

We aren't SURE about their mission? This makes me comfortable, OBlunder , particularly, that "tensions can be worked out." When is this administration going to admit its NOT leading AND NOT connecting the dots (Russia, China, etc.). Do we need need to get a 5-year old in that can connect the dots for him? Do we need CONSISTANT LIES? Does he have to continually show he isn't up on the major world situations?

627. Enlightening Articles Re Europe Crisis,Trade, and O&G

The Contrary Indicator put out an article today that was enlightening. It declared that Europe is close to NOT being America's largest trade partner. According to them, the U.S. has being increasing trade with Canada and Mexico and some other countries outside Europe to the extent that what they are losing in Europe they have gained elsewhere. This is a bit of good news re the impact Europe's crisis and lower spending programs will have on America's exports. Let's hope this is true.

Another enlightening article was one with comments from Daniel Yergen, an expert in the O&G field. He explains the use of fracking to capture more oil in North Dakota and other western hemisphere countries making America less dependent on Mideast oil. Previous posts had already mentioned the venture Exxon has with Russia. This included the fracking process in Siberia and will increase their supply also.

Private Industries to the rescue. It may still be too high expense for all oil & gas concerns to start fracking, but if countries like America and Russia provide the tax cuts necessary to exploit the new technologies OPEC will be pressed also to respond with cheaper oil. Lots of work on the government policies is needed. This probably won't be realized with OBlunder in charge.

I still believe O&G will lead the market to higher levels. But, when?

626. Sheeple Spanic

Well, did you heed post #621 re turning on the Euro presses in order to have money to loan to Spain, or are you now in Spanic (Spain Panic) mode after today's Moody DOWNGRADE because you bought high again? I hope you understood #621 that for a nation to hand out money as a loan they first need money, hence, will print more. This in turn devalues their currency more because their is now more money (Euros in this case) floating around. In this case Spain gets to tack it on to its debt as well as Europe adding to its debt. Even more debt when you can't pay the existing debt means only one thing: higher risk (the yield on bonds were higher). Thus Spain's ability to pay back the debt has become harder AND longer. So, they next generation or two gets to pay this last debt back.

Why am I stressing all this? Because America already has high debt and has already been lowered by rating agencies. Ant further debt, from spending or bailouts will put us in the same position Spain is seeing (or Greece, Portugal, Ireland, soon Italy, etc.), i.e., expect a rating downgrade. THIS is what will crush the markets and our lives for yet a LONGER period of time and leaving bills for our future generations. Get it now? Kiss your nest egg goodbye if we don't get a RESPONSIBLE president and administration AND Congress in place this November.

Sorry, prayers won't help. Only action will! Stop being a Sheeple and understand the issues before you and their consequences. Or, be a Sheeple and continue arguing that the rich (those understanding the issues) are creating a larger gap (they already know how to win in either case). So, will you be a Welfare Crier and ignore the problems already here today, or someone who strives to exit the Welfare herd and support plans to get us out of this hole OBlunder keeps digging? Its time the media starts reporting truths and misleading the people. The media is NOT your Shepard! Nor is OBlunder!

As I type, the Asian markets have already dropped absorbing the latest bad news in Europe.

625. Somebody Tell Collin Powell Russia is NOT a friend

How many articles have been written since Collin Powell claimed that Russia isn't our foe, but our ally? Is this what an ally would do Collin: Give Attack Helicopters to the regime in Syria who is massacring its civilians? Looks like they picked their friend. Was this a surprise? Certainly for Mr. Powell! The question becomes: Are we stirring up a bee hive opposing every country Russia is in bed with? Just what is the plan Stan (another name for OBlunder)? This is getting as bad as the Roswell UFO.

624. Adding refrigerant to car A/C

Surprise, these instructions aren't always correct! So were the instructions on the AC PRO Refrigerant I added to my 2003 Subaru. The instructions stated to not undercharge or overcharge and to ensure the final pressure lies within the range on the gage. Well, it never made it to that range on the first can. So I bought a refill and same thing was happening. Turns out after calling their hot line that some cars have an expansion valve on the system (like on your hot water heater) to relieve pressure too high for the car's A/C design. The Subaru was one of them obviously. So, the atmosphere got half of what I tried to put in -- thankfully, it is only clean synthetic refrigerant now. Thus, beware of AC PRO instructions or any refrigerant instructions that don't tell you to STOP adding when pressure stabilizes. Live and learn. Next time I'll consult the Subaru manuals too.

623. WOW The New York Times finally gets it

This article from The New York Times finally declares the pain to We the People. as of 2010. They finally reported the facts between 2007 and 2010: Net Wealth average down to $77K from $126K, income down 7.7%, savings down to 52% (from 56.4%). Maybe I missed previous articles from them, but I can't seem to remember any. Their heading was that the 2010 Net Worth was actually back to that of the early 90s. Maybe I didn't read it carefully enough, but the facts they presented were only between 2007 and 2010. So be it. It's bad anyways.  I'm sure they want to lead with a heading, at least, that included Bush year. Well, surprise, I agree that Bush also overspent carelessly. But, we investors did get the Bush Tax cuts that kept us afloat AND SPENDING to keep the economy alive. That continues today. NOT a smart move by the spenders who continue to rack up debt that will kill them -- or us if bailouts are granted -- in the future. I see the Times CONCLUDED that three quarters of the net worth during this time frame was due to the housing crash. My house isn't down! I'm sure they are referring to the critical areas like CA, Florida, and Nevada and applying the percentage there to the overall average net worth everywhere. Who know for sure; I can only conclude this based on their always liberal-biased news. As a matter of fact, I don't even know why this article was published. Where did the data come from and is it consistent with the dates provided? Oh, I love the media. What was the intent? Why wasn't 2011 data included? Because it made everyhing look better? What purpose did this article serve?

622. Amazing. Market is getting smarter.

I'm surprised that the investors finally learned that "temporary" and "artificial" aren't reasons for taking the market up. Instead, it took it down. As I stated in the previous post, wait till 3pm EDT to see what the impact of the Spin news would be. The major downturn started at 1:30 with 3pm signaling DUMP. And it did to the tune of 1.2%. This is GOOD. The market already anticipated the Spain news a few days ago (up) and now took out the suckers who thought they'd buy on the news (down). We're where we should be, pending more Chinese bad news and Greece news. The Summer is still upon us! Hold tight.

621. Turn on the Euro Presses

Get your boots on ladders out. The boots are for sloshing through the $100B+ Euros that will be loaned to Spain, and the ladders are to reach the market's open Monday when the artificially short-term fix begins. Plus, we'll have an Apple for lunch when they review their new products. Looks like a quick lift. Reuters article nets it out pretty well. For those in the West Coast, no need to get up early for the action, the market should already open up high -- the normal 3pm EDT will tell the story.

620. So Sad My Predictions are coming true!

Well, here's the latest re U.S. Sales as a result of the European Crisis (Pay attention OBlunder and Geithner): Expecting 2.2% (1.9% without Apple) growth when the AVERAGE has been 7.3%! A year ago it was 11.1 (3Q) and 13..6% (2Q. Timmny you got this so-o-o wrong. And, OBlunder, the private sector is NOT doing fine as you claimed! Our leaders ... so-o-o SAD.

619. OBlunder says Private Sector IS DOING FINE

Caught again OBlunder! Is he really this out of touch that he believes the Private Sector growth is doing fine? Does he not realize that we are still BEHIND in needed JOB GROWTH despite some growth? How clueless can you be? This is a guy with a law degree from Harvard? I'm thinking he needs to prove that too. It's hopeless with OBlunder at the helm.

In this other article, check out chart 4 "Profit growth before taxes" and chart 5 "Corporate Cash Flow" and you tell me whether the private sector is growing or stagnant?

Duh! Garbage In, Garbage Out Administration.

618. OBlunder: Blame, Blame, Blame

OBlunder wants to pin all his failures, plus future failures , on Congress. I agree that Congress is a piece of crap too, but to propose something over and over and over hoping Congress will accept his lousy ideas is NOT leadership. It's BLAME. OBlunder needs to just keep his mouth shut if he can't lead! In this article his push for same old stimulus package is the issue. Seriously folks, the guy has NO clue what's going on in the economy and how to run this country.

617. Yahoo! News Backfire

Check out this dumb article by Yahoo! News Daily Caller. You are asked to vote for the dumbest quote of the week from a choice of 3 AND Joe Biden, OBlunder, and the entire Liberal Base was excluded. Well, I wanted to vote for the author! Apparently, everybody else did too ... see the comments at end of article. Bravo people. Blast the Dumbest Media!

616. Bring on the Clowns instead of UNITY

So, it's fine that Santorum and Paul bring their delegates to the big show, but to duke it out? Just what is THIS article implying? Is this important news? Or just something to get people's panties in a bunch? Paul is a lunatic. Santorum a whiner. They may have a FEW points that aren't totally accepted by Romney that are worth considering. But, just a VERY FEW! Get over it Paul and Santorum ! It's time to do what's right for the Party. As for the Media, they are a hopeless cause!

615. Bernanke Wants to Keep His Job

The markets rose yesterday and, so far, today because China is cutting its rates to stimulus its weakening economy. In other words, the Yen goes to press, weakens its currency, makes the dollar look stronger, strengthens their exports, weakens our exports. The heading I chose was about Bernanke. Why? Because Gov. Romney already said he's can Bernanke if he became president. Thus, he wants to keep his job and has been already hinting that he'll react and do something for the ECONOMY -- right, he meant HIS JOB. I have already predicted he'll do something as early as July to ensure America's markets, and thus our Mutual Fund, pension funds, and stock goes up and makes it look like we're better off. Don't associate an up market with an up economy! Of course I'm talking to the choir since the majority of people have no clue what I am referring to and will feel warm and fuzzy with their artificial increase in wealth as a reason to believe OBlunder that things have turned around. I'm not saying more money is not good, but it will be a temporary joy, because long-term you just inherited more debt, the nation's already too much debt. That will bring the pain twice the joy you going to feel now! Oh, the game of politics. Meanwhile, watch China manipulate the currencies and their market. This article is about China, but also states Bernanke's likely move.

614. China and Russia Setting Up for Kill

Isn't anybody else worried re:
- China using their wealth to buy up all the raw commodities so they can use cheap resources to grow in a slowing economy, versus America that can't even drill oil to get out of the claws of OPEC? [OIL, IRON OR, COPPER, GOLD, etc.]
- Russia defining and throwing $500B at an Arctic oil drilling venture? [OIL]
- Russia and China talking about joint military operations? [MILITARY]
- Russia testing long-range missiles because America wants to install missile defense systems in Europe? [MILITARY]
- Russia and China continuing to veto sanctions on Syria and North Korea? [MILITARY]
- China continuing to subsidize steel, aluminum, and other manufactured products [TRADE and ECONOMY]
- China ignoring requests to devalue their currency to allow competitive trade between countries? [TRADE, ECONOMY, FINANCIAL]
- China and Russia buying gold and curtailing investment in American debt? [FINANCIAL, ECONOMY]

I could continue on, but I hope you see the pattern: Raw Commodities, Manufactured construction and development products, banking system.

You control those, you control the world! Instead of thinking about these and planning, OBlunder rather take his butt on campaign tours and Congress continues its bickering about ridiculous small things like Student Loans. I say, CUT the Corporate taxes a lot and let America's private sector grow and get it's control back! We can't compete financially when our businesses are failing or at least limping along. What's the media doing? Well, STILL covering Romney's 50-year old bullying, OBlunder's book indicating he smoked pot and took drugs, women rights (really?), etc. Are these more important than what Russia and China is setting up to do? It's time the MEDIA focuses on IMPORTANT issues ONLY! It's time to report to the People!

613. Big Bad Wolf Going to Vegas Tomorrow

Watch out Vegas. The Big Bad Wolf is going to huff and puff and blow your house down. That's what OBlunder's speech tomorrow will be re Educational Loans. According to the article here, he just wants to repeat, and repeat, huff and puff, about why his proposal re Educational Loans is right and the Republican suggestions are wrong. Note that the Republicans are still waiting for his response to theirs, but, instead, he keeps campaigning to deliver his "thoughts" instead to the public. Waste of tax payer money and time. As the article explains, the outcome is agreed upon. It's where the money comes from to fund it that is different. Way back on April 27th, post #566, I blogged the details of the differences. Does this lengthly dispute say something about Congress and the President? Both must be cleaned up. I am not satisfied with a Republican Senate leader who constantly cries foul and does nothing except forward something and forget about it so he can blame somebody else. ALL leaders plain suck in this current government. We the People will NEVER get the truth about all the delays -- we just get reports of NO OUTCOMES. Well, I propose a new INDEPENDENT watchdog, consulting group to overlook the import bills in Congress and FORCE the TRUTH AND ACTIONS. The HOUSE writes the bills related to spending, so Boehner, get something passed and move it along to the next joker Reid. Can't anybody work together? Time to FIRE CONGRESS and the president (the buck stops with OBlunder)!

612. TY OBlunder for Helping Scott Walker Win

Remember all the governor races and Senator races where OBlunder thought he could help, only to lose? Here's another. The recall vote may have been closer had OBlunder stayed out of it. Now Jay Carney is spinning his top to play down the, yet another, loss for team OBlunder. For those who have not  read Mitt Romney's book, "In His Own Words" I recommend it for a very quick view of Romney's opinions and plans for America. It's high level but covers EVERY important issue you can think about. People are starting to see the truth in OBlunder! And, it isn't good.

611. Bush Tax Cuts

Jay Carney essentially asks: Is the press stupid, or what? Apparently Bill Clinton said on CNBC that the Bush Tax cuts should probably be left alone and decision on whether to extend them without wealthiest participating held off until early next year. They are set to expire completely January 1 BEFORE the new president gets sworn in. In other, my opinion of what he said, was to temporarily extend them as is and then early next year debate whether they should be permanently extended as is or modified to exclude the wealthiest. I'd buy that decision as the correct one. Of course OBlunder and the Democrats want to spin Clinton's comments instead since they want to let them expire in full January 1! Seriously OBlunder, aren't YOU the stupid one this time? I think the press got it right: Bill Clinton disagrees with you on the timeline to take action. Yes, he agrees with you on the principal of excluding the wealthiest, but isn't that Democratic Party opinion and not necessarily his? Of course he wouldn't stray from the Party! He just accidentally slipped in HIS opinion re the timeline, losing track of the Party theme. Read this article and decide for yourself. There are really TWO issues: 1) Should Congress let the Bush Tax Cuts expire entirely on January 1? 2) Should they be TEMPORARILY extended until the Congress under the new president can debate modifications? However, both the Republicans and Democrats (+OBlunder) want to play the game BEFORE the election and could care less about us on January 1. The Republicans want the cuts PERMANENT PERIOD, whereas the Democrats are OK with the cuts IF THEY EXCLUDE WEALTHIEST. Come on Congress. Easy decision. Why must politics ALWAYS be played before elections or any other deadline that will impact We the People? BAD LEADERSHIP! As far as Jay Carney: STUPID. They insist in talking around ACTIONS and LEADERSHIP necessary to get job done and, instead, create yet another divisiveness by pitting the Democrats Against the Republicans, and hence, keep you all hot and bothered and on your on side of the fence. Time to COME TOGETHER.

610. Colin Powell, Have you questioned your Russian comment yet?

I must ask Colin Powell once again: Are you serious that Russia is not more of a foe than an ally? Previous posts repeatedly confirmed that his crazy statement that Russia was not our enemy and that they were our ally. Here is another. Should we be concerned? YES. And, where is OBlunder again? In his closet! Now we are seeing the real allies: Russia, China, North Korea, Syria, Iran. When are we going to listen for the pop and keep our head out of our arse? Are we going to wait before it's too late? Get OBlunder OUT of the White House!

609. Spain and EU sucking it up - Congrats

What would be negative news for the Socialists of the world who need Welfare -- sound like OBlunder and our Democrats? -- was positive for the markets today. NO stimulus action for Spain AND Spain not looking for one. The statement coming out of the ECB was: "I don't think it would be right for monetary policy to fill other institutions' lack of action," said ECB President Mario Draghi, suggesting there would be no more long-term lending to banks unless governments come up with solutions" so reports Reuters in this article. I am hoping they can agree to austerity measures as needed, at which point, there may be some stimulus money to award them short-term. Mucho gracias.

608. Congrats Gov. Walker

The Wisconsin recall vote goes to Gov. Scott Walker reports the AP in this article: "With nearly all precincts reporting, Walker had 53 percent of the vote, compared with 46 percent for Barrett. The margin of victory was wider than many expected and slightly better than Walker's 5.8 percentage-point victory over Barrett in the 2010 race." Note a percentage even higher than the original election in 2010. He must be doing what the PEOPLE WANT! Yet, Walter Shapiro of Yahoo! News had to spin a negative article on his victory (the liberal press view) to please the OBlunder audience and provide free OBlunder campaign advertising. What a disgrace the Media is. Congrats Gov. Walker. Let's now see Wisconsin go with Gov. Romney too.

607. Oh Jolly Comment OBlunder

Obama says the queen is a "living witness" to the power of the alliance between the U.S. and Britain. Now that's praise I'd like to hear about myself -- that I'm old and only sat and watched the world spin. Better no comment than something like this. Once again, OBlunder didn't have teleprompter notes from someone else more mature. When you review this article, be sure to read all the comments. Surely he could have found something more flattering! Guess that's all you can expect from someone who practiced this all his life.

606. I believe women are much smarter than OBlunder believes

This liberal article from the new Yahoo liberal press again illustrates that the liberals MUST flood the news channels each day even when they have no factual or pertinent news. According to this article, OBlunder is pushing congress to pass a bill to ENSURE there are equal wages for both sexes. I have no problem with equal wages for burger flippers, janitors, assembly lines, etc. But, when it comes to professional jobs where aggressiveness, extra hours, experience, risk, etc. is involved, we need to pay whomever is most qualified the most. Having been a manager for a large computer firm, I can attest that it had guidelines for ANYBODY within a pay scale range. The individual manager managed his/her own employees ensuring that each had a performance plan, reviews, and future growth steps to move them up the scale and finally into a promotion to a new pay scale range. There were NO differences between sexes. So, I find it real difficult believing the OBlunder train that's trying to use railroading techniques to simply cause controversy and divert the IMPORTANT issues of the ECONOMY from his poor leadership. I believe that if you talk to women executives, you'll get a different picture of how they got to that position -- that being, higher salaries than others, male or female. They obviously put in the time and had the skills. Women definitely have the opportunity and smarts to excel in everything. Unfortunately, they still have the majority of focus in the family department. It's there where the males have not stepped up! You can't resolve that with a bill for equal wages. It's like, how do you keep you kids out of gangs? It starts with the family! You can't write a bill to keep kids out of gangs. So, here we go again with the game of politics. OBlunder and his Liberal Media both campaigning together. Yahoo joined his side when it agreed on serving ABC on its platter. Let's all stay focused on ECONOMY, JOBS, FOREIGN POLICY.

605. Snapshot of European Banking Crisis

-- Greece, Portugal, Ireland and now Spain in toilet.
-- The EU leaders in January (Germany, France) pushed for more EU control of banks before just throwing money at them
-- The same issues exist today with no change
-- Spain, hit by high debt and high credit rates now pleading for a European Union to overlook the important banks
-- Merkel (Germany) has no problem with one for a long-term solution as long as the organization gets some CONTROL over the banks and not just a slush fund to bail out banks. Thus AUSTERITY programs by individual countries MUST be implemented
-- Thus, the June 28 EU summit will again thrash the same solutions but with more countries in the toilet
-- What is the short-term solution? Someone will bail out Spain, like Greece and others, financing more debt at lower rates, and the EU will get another 3 months to rehash the same old things.

As a retired consultant I find this appalling that the leaders can't COMMIT to a scheduled week long meeting that only ends (Yes...never-ending if solution not agreed on) with a documented, agreed upon short-term and long-term solutions. So far, they only agree to we'll-think-about-it or come-back-with -more-detailed-plans next time or we-agree-with-this-while-you agree-with that. What a sad world! As I said in previous posts, don't expect any solution (real solution) before July. Also said, don't doubt our Fed will sit on its hands to wait on a solution before it jumps on the stimulus wagon again. Expect a political move before elections sometime in July to flood the market with false dollars that the new president will have to eat.

604. And you wonder why CA and nation has high debt?

Check out the PENSIONS for firefighters and policemen in CA here -- $95,336 per year. I would imagine health benefits also go with that. Any other middle class individual getting a pension like that? I commend them for realizing how to benefit from the foolish governments who extend pensions like this. I am sure they did their jobs well and for the period of time to guarantee such a pension. However, this is taxpayer robbery in its finest. What law makers ever passed these laws? And watch, CA will need a bailout from the U.S. Government to pay their debt they rand up because of foolish pensions like this. What a screwed up state CA is! One could always adjust this pension based on cost-of-living in CA compared to his/her state to feel a little better, but I bet you still aren't close. Shame on the law makers, not the firefighters and policemen. However, it is time they start paying their FAIR SHARE, Right Blunder? Not just the rich! Or are you counting them rich yet? NO bailouts for CA! Let's try a little Greece austerity measures.

603. Hide until the end of June

Talk, talk, talk. It's all in Spanish, German, French, or some other European language. Hard to understand the details or progress in the Europen Crisis, except for the continued deadlines meetings in the future which, we all know, are not deadlines but a dates that will get extended. Granted, Europe is a bit different than America. It has tried to utilize a common currency across Sovereign countries -- we only needed to do it across states, which are all part of U.S. Soverignty. The new Europe is in its infancy, just like America was before the America Revolution. Who knows how long it will take. We should certainly be able to use our history to anticipate the complexity and woes to get Europe unified, at least its banking systems. I believe the deadlines are a bit too optimistic and everybody (separate Sovereign nations) are always in react mode when the larger, more influential nations, such as Germany, want to address things as a whole. Let's hope for no REAL rebellions, because Timmy Geithner was wrong -- Europe's crisis does affect us! I'll concede that a worldwide stimulus might be the only solution to allow enough time to get the heads together and get a logical process rolling to address the future long-term. A failure cannot be permitted at this time and individual failures must be addressed and mitigated in the future's plan. The U.S. markets are feeling the pain already. Will our Fed act BEFORE the world? I believe if the world doesn't react together, a premature stimulus here will be nothing bu a quick flame, like throwing a cup of fuel on a fire without adding adding any substantially sustainable fuel along with it. We are in for a long summer. The next EU Summit is June 28 (there goes June down the toilet) meaning the chit-chat and no actions until at least September. Will this administration do anything other than talk?

602. Lost jobs, lost revenue, lost resources

Once again, instead of leading from the front, this administration insists that they should lead from behind. Back in post 455 I cited an article that stated Exxon joined the Russians in a $500B venture to drill in the Arctic (this was April 18th). The multi-national U.S. based companies can NOT wait for our government to play its childish lead-from-behind game. Post #455 highlighted the jobs and dollars lost by America with Russia taking the lead to drill in the Arctic. Does this now make Exxon a target on OBlunder's Enemy List? Watch, it will! Now, Hilliary comes out and wants the Worldwide organization to COOPERATE and play fairly. It's a capitalistic world Hilliary and OBlunder. You either lead or follow. Guess which one they are! Playing fairly would be nice IF everybody has already agreed upon the rules. What makes this administration believe that it can make up the rules for the world? It's time to ACT FIRST. When you own a piece of the rock, it's much easier to help make up the rules. When you don't, and somebody else owns the rock, you get the scraps if anything. thanks OBlunder for throwing us in the alley like a bunch of junk-yard dogs. Isn't it amazing that this administration doesn't even know or want to work with it's own companies and businesses. OBlunder and friends need to move to some Socialist European country and tuck themselves under a blanket. This is disgusting! Lost jobs, lost government income, and lost natural resources! President Romney wouldn't have let this slip by!