Obama supported company gets U.S. Loan and builds cars…. In Finland

This ought to be a lesson to every last Democrat who voted for Obama and Biden.

The Video:

The Story:

With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.

Vice President Joseph Biden heralded the Energy Department’s $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.

“There was no contract manufacturer in the U.S. that could actually produce our vehicle,” the car company’s founder and namesake told ABC News. “They don’t exist here.”

Henrik Fisker said the U.S. money so far has been spent on engineering and design work that stayed in the U.S., not on the 500 manufacturing jobs that went to a rural Finnish firm, Valmet Automotive.

“We’re not in the business of failing; we’re in the business of winning. So we make the right decision for the business,” Fisker said. “That’s why we went to Finland.”

via Car Company Gets U.S. Loan, Builds Cars In Finland – ABC News.

Here is the real-world translation to that last line in that story; we did not want to have to deal with the labor unions in this United States, so we moved our manufacturing overseas.

Take note my Democratic Party friends who happen to read this blog, all two of you.  This is what happens to the Democrats and their union counterparts, when they elect internationalist Democrats, who really do not give a care about what happens to American workers.  Internationalist Democrats and their Republican counterparts, the globalists — like Richard Nixon, who do not care about American workers, they are corporatists, who support crony capitalism.

This right here is a perfect example of why the relations between the Democratic Party and the labor unions are frosty at best.  That is because the Democratic Party for the last few instances that they have won elections, have been putting internationalist Democrats into the White House.  This type of a Democrat talks a nice game, and puts out platitudes to the American autoworkers and their representatives in the unions; but when the “Rubber hits the road” so to speak, things change.  They begin showing their true colors and start doing things to kick dirt in the face of the American worker.

I do not write this as a Conservative mocking the left, goodness no.  I write this as someone who has a father, who is a retired General Motors worker, who is a member of the UAW.  If anyone would know how the Democratic Party has treated the American autoworker in the last 30 years, it would be me.  There was a time in this Country, when the Democratic Party used to respect the American autoworker and would literally step in front a train to defend them.  Sadly, that time has passed, as the unions have lost their influence amongst the Democratic Party.

The loss of that influence in the Democratic Party is partially due to the actions of the internationalist Democrats, like Bill Clinton, who signed into law NAFTA and TAFTA.  Some of that loss of influence is also due to the declining membership roles within the UAW and other said unions.  Either way, it is sad transition in America, when our politicians in Washington D.C. put interests abroad before interests here at home.

Some of my readers, all three of you, might be shocked to see that I do not take a more mocking tone on stories like this and here is why I do not; Pat Buchanan said it best once, on one issue that I actually agree with him on — the American worker.  Pat once said, “As goes Detroit, goes the Nation,” and you know what?  Pat Buchanan is right about that, the United States of America used to be a manufacturing marvel.  We produced everything ourselves, and other Countries used to come here to see how we did it all.  Sadly, those times have come and gone, due to many reasons, a list of which is longer than the length of this blog entry will permit.

What is solution you ask, I know what it is; but most of the people who will come here to read, will not agree with it.  However, I will give the solution.  Firstly, the solution is NOT to bust up the unions, as they have as much right to proper representation, as the company owners have a right to make a profit.  The solution to the problem is to get rid of these idiotic so-called “Free Trade” agreements.  Secondly, the solution is to impose strict tariffs on EVERYTHING and I do mean everything that is manufactured overseas and imported into our Country.

These actions would do a couple of things; firstly it would protect the American workers from the globalists who want to undercut the American worker to make a quick dollar on the backs of cheap sweatshop labor in foreign countries like China.  Secondly, it would solve our Nation’s revenue problem by creating a reliable source of income; one of which we did have in this Country for a very long time, before the globalists ripped it out, in favor of trade agreements.

Further, the solution is in whom we elect; Republicans and Democrats alike need to elect those who put America’s interests first, and not the interests who those abroad.  To be fair, Republicans have done this too in this past and we as Americans need to watch what these new crop of Republicans really represent; do they represent the interests of the crony capitalists or do they have the American people’s interests in mind?  Supposedly, the Tea Party movement brought some of this “America First” type of populism to the Conservative movement, but as of late, it seems that the Tea Party was nothing more than a passing fad.  I just hope the people, who went to these protests, use the principles that were promoted at the Tea Party rallies, at the ballot box come November 2012.

Others: Michelle Malkin, New York Times, New York Magazine, The Heritage Foundation, Questions and Observations, Fantastical Andrew Fox, RedState, The Strata-Sphere, Hot Air, Sky Dancing, Conservatives4Palin, americanthinker.com, Big Government, Weasel Zippers, Fire Andrea Mitchell!, JammieWearingFool and Betsy’s Page

BlogAds.com is a steaming pile…of hypocrisy

I really hate having to compose posts like this, but when I see rank hypocrisy coming from somewhere, I have to speak out about it.  It appears that good old BlogAds.com has finally gotten a good dose of its own medicine.  As some of you might recall, I was unceremoniously dumped by BlogAds.com a good long while back, because I dared to gripe and complain about a ridiculously slow server that controlled the editing of my ads on my site.  One night, after being fed up with their idiotic slow server; I in some very colorful language, told them that their server was too slow and asked them to fix it.  I posted it on their facebook page, which of course made them look like rank buffoons.  For this I was dropped; there we no second chance, there was no, “Hey, can we talk about this on the phone?”  None of that, just a tersely worded e-mailed that said, “Were not selling you anymore” and that was the end.

So, to the people at BlogAds.com —-hey, how does it feel to get the door slammed in your face?  To be honest, it could not have happened to some better people, if you ask me.  Maybe this will make the reconsider their rather rude way of dealing with me.  I admit that my site does not have the hits that some of the other bigger political blogs might have, but that does not excuse the way I was treated, because it was THEIR product, that caused the problem in the first place.  I do realize that these guys are not obligated to give anyone access to their service, but I believe that their “blogger relations” person has a lot to learn when dealing with the public and people like me, who make a living at their writings.

So, again, to people at BlogAds.com —- How does it feel?

Another thing too; to put a bit of politics into this, BlogAds.com has what are called Liberal and Conservative “Ad Hives,” and the liberal hive is like twice the size of the Conservative Hive. What does that tell you? Who do you think they really promote? You have two guesses and the first one does not count. What does it say when Perez Hilton, a morally degenerate liberal gets more promotion on that Advertising Company’s website —- than say, Ann Althouse? I am just saying, you are what you promote and in BlogAds.com’s case, it is not a pro-American, Conservative business.

RINO John McCain hearts the #OccupyWallStreet protesters

You are a #OccupyWallStreet protester and you are a confirmed leftist — all down with Mao and all that. Is this who you want being your spokesman?

The Occupy Wall Street movement is getting sympathy from an unlikely person: Sen. John McCain (R-Ariz.).

The 2008 GOP presidential nominee said he understands the growing protest movement’s concerns over Washington bailouts of major financial institutions.

“Down in Arizona today, Maricopa County has the highest number of homes underwater of any place in this country,” he told reporters Wednesday. “And it’s disgraceful that we took care of the financial institutions, and we did nothing about the housing crisis. So I understand their frustration.”

He later quipped that he may be the “only” Republican does.

via John McCain feels protesters’ pain – On Congress – POLITICO.com.

No John, we should have not taken care of either. We should have let the banks fail, that were failing and we should have not messed with the housing market either; as both would have corrected themselves. This proves that which I and many others like me have believed for years, that John McCain is nothing more than a two-bit big government conservative or as we call them, Republican in Name Only or RINO.

Others: Weasel Zippers, The Gateway Pundit and Michelle Malkin

UPDATE: My submission for #Iamthe53 – Site ran by Slander Blogger Erick Erickson

I saw this news item here; and went to the site to put in a submission. I doubt the owner will approve it. But, it was worth a shot.

Here is the submission:

My name is Charles Patrick Adkins and I am 39 years old.  I am from Lincoln Park, Michigan.  I am a full-time blogger.  I started back in 2006, as a “half hearted” left of center blogger and writer.  I was totally anti-Bush and Anti-Iraq war.  As I continued to blog, I began to see what the Democratic Party had become; which is much different from the Democratic Party of the FDR or even LBJ or JFK era.

On December 22, 2006, my blog was hacked and I lost it all.  I had over a year’s worth of writing on that blog.  I could have quit and I really thought about doing just that; but I did not.  By the time this happened, I had decided that the Democratic Party was no the party that I wished to associated with as a supporter.  So, a few days later, on December 28, 2006; I started Political Byline on Blogger. All I had was an older computer and quite a bit of time on my hands.  For three solid years, I wrote for next to nothing; luckily, I live with my folks, so I had some support.  However, I was doing what I loved.

My political beliefs have changed a good deal.  The occupy Wall Street demonstration stupidity is a perfect example of why I no longer vote Democratic Party.  Not because I am some kind of a racist, or even rich person —-heck, I do not have any capital invested in my blog at all.  However, I do blog to defend the business people.  The main issue with the Democratic Party and their friends occupying Wall Street is that they fault financial success and I am sorry to say is just morally wrong.  Tell me, since when is being a success at what you do — whether it be financial, personal or whatever —- a crime?

To be honest, I do not even have a business license yet, I just do not make enough to file tax reports.  I would like to be able to do that; but, one-step at a time.  I have made enough to reward myself with the occasional steak on the grill.  However, with me; it is all about doing what I love to do and that is write and express my feelings, without fear of going to jail — that my friends is beauty of America.  The way I see it is this, if I happen to start making enough to form a corporation and file taxes, all the better for me!

Again, as I have said on my blog, many times; for me, it is not about “Left or Right” it is about right or wrong —- and the Democratic Party and their Occupy Wall Street friends are simply wrong, as is their leader President Barack Obama, this is why his polices have failed for the last three and a half years.  This is also, why he most likely will not be reelected in 2012.

Thanks for reading!

-Charles Patrick Adkins

Owner and Publisher

Political Byline

http://www.politicalbyline.com

Like I said, they might not approve it. But it was worth a shot.

Others: CANNONFIRE, PERRspectives, Sky Dancing, Gawker, Balloon Juice, PhillyNow, American Spectator, Mediaite, A plain blog about politics, Outside the Beltway, Grasping Reality …, The Lonely Conservative, Angry Bear and Suburban Guerrilla, more at Mediagazer »

BIG UPDATE! Before you go and submit anything! Please GO READ THIS HERE!

Palin: Time to “reload for America”

God Bless this Woman for having the courage to stand for Christian Morals. I admit it, the idea of her being President, after abruptly leaving office in Alaska was not a good idea. However, I do admire the woman for having the courage to stand against the liberals and take the punishment from the left — and also from people on the right, like me, who thought she should not be President. I think Palin will be a player for a very long time. As I wrote before, I also think she should run for Senate. Then, maybe President in 2016. She has a good message, she just needs to build a resume.

The Story:

During a speech focusing on faith and family, former vice presidential candidate Sarah Palin called for the “restoration of America” during the Extraordinary Women Conference at Liberty University in Lynchburg Saturday.

Palin’s 90-minute speech veered from stories about moose hunting to Tea Party politics to the challenge of raising a son with Down syndrome. Her message centered on the importance of having faith in God and steering America “back on the right track.”

“Now isn’t the time to retreat, now is the time to reload with truth so we can fight for this country and reload for America,” she said to more than 10,000 Christian women who traveled from across the country to hear her speak.

The theme for the evangelical Christian women’s conference was “extraordinary hope,” and Palin quipped:

“I’m talking about real hope, not that hopey changey stuff that some politicians try to get you go believe in.”

The visit was Palin’s first to Liberty, and hotels across the region sold out for the event.

via Palin says it’s time to “reload for America” | The News & Advance.

Of course, you know that the liberal media; who lives under the whole “Eeek! Guns!” mentality will blast her for using gun phrasing. But real Americans, like me, know what she is talking about — which is why I run this blog and have ran it for 5 years with little or not pay at all. (in the beginning, there was NO pay, at all.)  Because I love this Country, Because I very highly disagree with what the President is doing with this Country, because I want this Country to be what it was, when I was kid. That is why I — we are here, and a wake up call to the liberal left — we are not going away either. You may try and stop us; but we true Americans — are not going anywhere.

Update: Two things I find link worthy.

First this, from the crawdad hole:

I guess the people like Andy Sullivan and his ilk are gonna be unhappy, because Sarah apparently has no intention of going away. I have to wonder what would have happened if they had just left her alone when she first went back to Alaska after the 2008 elections.

I happen to agree with that. Sully is was way too harsh on her and still is; I can understand wanting to get to the truth; but he has a very unnatural obsession with destroying her. It was terrible. I think it has more to do with her Christianity, than anything else.

Secondly, a rare occurrence here on political byline. I am going to disagree with a fellow Conservative blogger.

William A. Jacobson writes:

I think there’s a lot of truth there.  Palin frequently is depicted as someone who sought out the spotlight and was a publicity hound, but the reality is that circumstances found her, not the other way around.

What if Palin had been allowed to function as Governor without the relentless attacks from the likes of Andrew Sullivan, various anti-Palin bloggers, the media, establishment Republicans, and frequent-filers of frivolous ethics complaints?

Attacking Palin became an industry, and when she fought back she was blamed.  The derangement started the day she was designated by John McCain as the VP nominee, and it continues to this day from small people like David Frum.

Palin  didn’t bring it on herself, but having found herself in the cross-hairs, she fought back.  Good on her.

This is where I must disagree. Well, partially. The part I underlined and turned red is the part that I disagree with. Let me explain myself, least a blog war break out; and believe me, I really do not want that! :shock: Anyhow, there were times, when Sarah Palin, to use a phrase, shot herself in the foot. Mainly it had to do with messaging. Now, whether that was Sarah Palin’s fault or not; is another story. I believe a good amount of that was due to her poor handling in the beginning, by the McCain campaign and by the people who were originally advising her after the 2008 campaign.

The good thing is, that now, Palin has some very good people, giving her some very good advice — and it shows, greatly.

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Ford caves to White House demand to pull ad ripping on tarp bailouts

This is unreal:

For the only Detroit automaker that “didn’t take the money” of the federal auto bailouts, Ford Motor Co. keeps paying a price for its comparative success and self-reliant turnaround.

There’s no help from American taxpayers to help lighten its debt load, giving crosstown rivals comparatively better credit ratings and a financial edge Ford is working diligently to erase all on its own.

There’s no clause barring a strike by hourly workers amid this fall’s national contract talks with the United Auto Workers — a by-product of the taxpayer-financed bailout that General Motors Co. and Chrysler Group LLC retain until 2015.

And there’s no assurance the Dearborn automaker can use the commercially advantageous fact that it didn’t “take the money” proffered by the Obama Treasury Department and use it in TV ads angling to sell cars and trucks. Not if the campaign takes a whack at its Detroit rivals and suggests that Ford no longer supports the Obama administration bailouts it backed in public statements and sworn congressional testimony.

As part of a campaign featuring “real people” explaining their decision to buy the Blue Oval, a guy named “Chris” says he “wasn’t going to buy another car that was bailed out by our government,” according the text of the ad, launched in early September.

“I was going to buy from a manufacturer that’s standing on their own: win, lose, or draw. That’s what America is about is taking the chance to succeed and understanding when you fail that you gotta’ pick yourself up and go back to work.”

That’s what some of America is about, evidently. Because Ford pulled the ad after individuals inside the White House questioned whether the copy was publicly denigrating the controversial bailout policy CEO Alan Mulally repeatedly supported in the dark days of late 2008, in early ’09 and again when the ad flap arose. And more.

via Columnists | Ford pulls its ad on bailouts | The Detroit News.

I would and could carp on about this one; but I will simply say this — this here, my friends, is why you do not elect totalitarian Presidential Administrations who are not too fond of criticism.    I know Bush did it too; to a point, but not nearly as bad as this bunch in the White House. This President is much worse. Further more, Bush’s issue was with the liberal media and never, ever with private business.

I also have to wonder; how much of this was the Union’s doing? I wonder if Ford received a threatening phone call from the President of the AFL-CIO and was told, “You either pull that ad or you are going have a huge labor walkout on your hands!” I cannot prove that in a court of law. But I would be willing to bet money that is what happened.

Again, as I am prone to saying here, quite a bit. Remember this dumb nonsense come 2012; because no President or White House should ever, and I do mean EVER be able to pressure any business to pull advertising. We are a free Republic; and not some damned Communist dictatorship; this has to stop and I hope like the dickens that Republicans pick the right guy to beat Obama in 2012.  Because crap like this, has go to go and I mean go quickly.

Others: Hit & Run, Mediaite, Big Government, Ben Smith’s Blog, National Review, Patterico’s Pontifications, Wake up America, LaborUnionReport.com, Hot Air, theblogprof, Weasel Zippers, Weekly Standard, JammieWearingFool and Cold Fury (via Memeorandum)

Welcome to my World: 6 Million people age 25-34 live with parents, up 25%

I’m 39 and I still live at home and yes, it sucks. You know, I’ve been called a leech, a shit stain and alot of other names. But honestly? Is it my fault? No, it’s the economy around here and leaders in Washington D.C. that have screwed the Country into the ground.

I saw this via Drudge:

WASHINGTON — Call it the recession’s lost generation.

In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying marriage and buying fewer homes, often raising kids out of wedlock. They suffer from the highest unemployment since World War II and risk living in poverty more than others — nearly 1 in 5.

New 2010 census data released Thursday show the wrenching impact of a recession that officially ended in mid-2009. It highlights the missed opportunities and dim prospects for a generation of mostly 20-somethings and 30-somethings coming of age in a prolonged slump with high unemployment.

“We have a monster jobs problem, and young people are the biggest losers,” said Andrew Sum, an economist and director of the Center for Labor Market Studies at Northeastern University. He noted that for recent college grads now getting by with waitressing, bartending and odd jobs, they will have to compete with new graduates for entry-level career positions when the job market eventually does improve.

“Their really high levels of underemployment and unemployment will haunt young people for at least another decade,” Sum said.

via Recession yields a lost generation of workers – Business – Stocks & economy – msnbc.com.

Honestly though, my folks do not mind me living here; they like the help and I am an only child; so, there is not another brother or anything, who can help. So, I live here, until this economy recovers. Another thing too, in 2004, I filed for bankruptcy and I did start over. I made the stupid mistake of getting into a lot of debt, when I was younger with a credit card. Needless to say, I learned my lesson there. I have a debit card now, and if I zap that back account, I am screwed. So, I have the motivation to not screw that up!

On a related note, on the economy; the man who came to fix our A/C here, told me that he is lucky if he gets like 25 hours a week with the company he is with. Now keep in mind, this is not a trainee or anything that, this dude was certified in A/C and Heating. He has the license and everything; and he is not even getting 40 hours a week of work. That, my friends, is how screwed up our economy truly is. :(

Those who have a job are lucky to get enough money to put food on the table, and those of us, who cannot find a job are basically left out in the cold. This is why I have such a big problem with all this union protectionism crap that the left is touting. I respect the Unions at all and what they fought for, many years ago. But, we are living in a different would and the prosperity of that era; which the unions took advantage of, is gone for good.

So, that is why, when I see stuff like this here; my heart breaks, because it is not the wealthy people who are going to suffer. It is going to be the working class people and the poor; who are going to suffer the most. The thing to remember is this; it all trickles down, sooner or later. The wealthy lose, the jobs dry up and people suffer. The bad part is, Government cannot fix it. it has to fix itself. The sad part is, it usually takes a LONG time for it to fix itself.

This, is the folly of Progressivism; the belief that Government can fix something that it did not break, in the first place.

 

My thoughts on the riots in London

Yes, I know about silly riots in London.  My question is this, what the heck happened to jolly old England? Better yet, what the happened to the mighty Great Britain?

I’ll tell you what happened. Liberal Progressivism and Multiculturalism —- that’s what! :mad:

I find myself in agreement with Lew Rockwell and a Gun blogger named “Say Uncle“: (H/T Insty)

What kind of Country sits back and allows knuckle-dragging nimrods trash and burn a great Country like England? Seriously!  I mean, at what point does the police or officials in Great Britain say, “Okay, screw it; this pacifistic bullshit is not cutting it anymore, it is time to bring out the REAL GUNS and the REAL BULLETS!” and start mowing these stupid bastards down? When?!?!?!

I saw those pictures, reminds me of another very famous socialist uprising — here in Detroit!

Let us compare, shall we?

London - 2011

and then here in Detroit — 1967:

 

Detroit - 1967

Detroit - 1967 (better picture...)

and yes….

It was that same old bullshit line of, "Oh woe is us! We're being kept down by them rich, white, capitalists who want to hurt our people!"

The truth is, in 1967, blacks were free to work, live and play where they wanted to. There was no oppression of blacks at all, period, end of damned discussion! :mad: Down south in Alabama, maybe; but not in Detroit.

What happened here was this; a group of far leftists decided that they resented the fact that white people were running the City of Detroit Government and that the police force in Detroit was all white, so, they decided to take it out on the businesses in Detroit. So, they burned them to the ground. All because of the fact that the city of Detroit had a special unit, called the STRESS unit — which stood for Stop the Robberies, Enjoy Safe Streets by the way; that kept blacks from robbing and killing white people and other black people in the city.

The result? This:

This is Detroit 2011 --- A ghost of it's former glory --- This is corktown, looking down towards downtown Detroit. -- This is what progressivism gets you folks! For that it is worth, I can get more photos that look much worse than this one. They readily available on the internet and also, I can take some if need be.

This is what London, England and most likely the rest of Great Britain will look like, if they do not put down that Marxist uprising; and I do mean fast.  That above, is what class warfare and progressivism gets you — ruined cities. Believe me when I tell you, Detroit, Michigan is beyond ruined and this is why, progressivism and class warfare. Not to mention Multiculturalism or what it really should be called, “Punishing White people for things that happened before the majority of them in this day and age were even born.”

I mean, these rioters in England are doing it, why? — because they know damned well that they can get away with it.  I mean, what kind of a message does it send to the rest of the world, when a group of thugs says, “We’re doing this, because we want rich people to know, that we’re gonna rule you by causing fear?” It sends to me a message of cowardice, of the English Government, that’s what! It sends a message that the Government of Great Britain are cowering down to domestic terrorists.

In closing; could this happen in America? Yes. But it is very far off. We still have a second amendment and Conservatives who are still willing to fight. But our media is well on its way.  The good thing is, we here in America, have our own Conservative media, that does push back against the Liberal controlled, owned and financed media.

Great: The United States is now borrowing more than the GDP

This is unreal… :roll:

US debt shot up $238 billion to reach 100 percent of gross domestic project after the government’s debt ceiling was lifted, Treasury figures showed Wednesday.

Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country’s spending commitments reached a breaking point and it threatened to default on its debt.

The new borrowing took total public debt to $14.58 trillion, over end-2010 GDP of $14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium.

Public debt subject to the official debt limit — a slightly tighter definition — was $14.53 trillion as of the end of Tuesday, rising from the previous official cap of $14.29 trillion a day earlier.

Treasury had used extraordinary measures to hold under the $14.29 trillion cap since reaching it on May 16, while politicians battled over it and over addressing the country’s bloating deficit.

The official limit was hiked $400 billion on Tuesday and will be increased in stages over the next 18 months.

via US borrowing tops 100% of GDP: Treasury – Yahoo! News.

Chew on that one for a few seconds or longer. The USA is borrowing more money from China, that the United States makes as a whole. For the reading up on the GDP, click here. I also recommend that you read up on the Gross National Product and Gross Domestic Income. All of that above, factors into our economy; and believe me when I tell you — we are circling the drain my friends.

There is a bunch more on this subject; and for what it is worth, I do not claim to be an expert on this stuff at all — So, I recommend you read following related articles:

U.S. debt shoots up $239 billion -- in one day!
Gov't will borrow $72B next week...
Obama, Bernanke out of ammo to boost jobs, growth...
Scary Market Chart Pattern Suggests More Selling on Way...
Economy struggles to find footing...
Gold at $2,000 by year-end...

Speaking of Gold, this would be a good time to get into investing in Gold, It would also be good to stock up on  Guns and Ammo!

What I will tell you is; because I am an honest blogger and not some partisan shill for a particular party – is this here.  Many on the right wing Blogosphere will be quick to put this entire situation on President Obama.  I cannot and will not do that; the truth is folks, we did have and still do have two wars that we are fighting; and those cost money too.  We also did have the bailout of the banks and tarp bailouts, the trap loans to the big three, being a fraction of the total cost.

Truth is my friends; we are here because of foolishness of our elected leaders — Republican and Democratic Party.  Both sides have steered this Nation over a cliff.  President Obama tried and ultimately failed to bring an economic revival to the Country.  Now we have to pay the proverbial piper.  It is going to be a painful process; the tap is turned off and we are now going to have embrace austerity.

It is a horrible thing to endure, but it is something that we are going to have to endure — if we are going to continue as a Country, as we know it now.

Update: This is now a Memeorandum Thread: Others covering: Washington Times, Scared Monkeys, Conservatives4Palin, Pajamas Media, Weasel Zippers, Fausta’s Blog, Power Line and The Lonely Conservative

Video: This is why we must not fail in the war on terrorism!

These are the Taliban and the men lined up are Pakistani Policemen: (Warning! Graphic Video!)

The Story via ABC NEWS:

In a new video which recently surfaced online, the Taliban appears to brutally and systematically execute 16 unarmed Pakistani policemen in what the terror group called a revenge killing.

The video of the massacre, which reportedly took place in early June, was posted online last week and confirmed by the Pakistani army today. It shows the policemen — who are not in uniform — standing in a line before a Taliban member who appears to be lecturing them. The man, who appears to act as the militants’ commander, accuses the policemen of executing six children in a previous operation and claims their imminent deaths are revenge, according to a summary posted with the video.

Several Taliban members then open fire on the group until all the policemen have fallen. A wailing cry is heard in the background after the initial volley. After reloading, a single fighter walks over each body and shoots them once more in the head.

But yet, President Barack Obama wants to try and negotiate with these monsters.

My friends, you do not negotiate with criminals and cold blooded killers; these people hate Liberty and Freedom. They hate Israel and Jews; kind of like the liberal left and some of the Paleo-Conservative and libertarian right.  They are not rational, sane, human beings — they are cold blooded killers. We did not negotiate with Charles Manson and his cult — so why the hell would we negotiate with people like this?

My friends, consider this hallow warning from someone who sat through hours of footage on 9/11 and almost ended up in the psych ward because of it:

IF WE DO NOT SUCCEED ON THE WAR ON TERRORISM, THIS COULD BE A SCENE IN AMERICA VERY SOON!

Dismiss me as an alarmist if you wish; I could not care less. But this is coming to America, if we fall down on the war on terrorism!

America must be protected; Israel must be protected, Liberty and Freedom are at stake! Radical Islam is a threat! Do not believe the lie of the Liberal-controlled, financed, and organized media — which is supplanted by the Government! The liberal media is in bed with the radical and no-so-radical Muslims!

Remember 9/11, Remember the Pentagon, Remember Flight 93 —– Remember America.

Remember this Video and Blog Posting come November 2012.

We need a President who will stand tall in the face of these bastards and not blink. Bush did it; and paid for it, with his Presidency — but he did not waver for a second. Mistakes were made, that is very true. However, in the end, we won in Iraq and we can win here too. We just have to not give up.

lan astaslem --- I will not surrender --I will not submit.

This is not a game, this is not fake; Ron Paul and his racist, Anti-Semitic friends, who hate Israel and everything related to it are the ENEMY! They must be kept out of the White House, at all costs! They are friends with these people!  Consider me a soldier in that battle too.

In the Name of Jesus Christ of Nazareth and of in the Name of the Lord GOD Jehovah — Master and Saviour of this World and KING of Kings and LORD of Lords of this World and in the great, wonderful, world to come:

I WILL NEVER SURRENDER!  

 

In case you thought I was kidding about buying Gold

Here we go!

Remember when I said to buy Gold?

I was not kidding.

Check this out from the U.K. Telegraph:


As the twin pillars of international monetary system threaten to come tumbling down in unison, gold has reclaimed its ancient status as the anchor of stability. The spot price surged to an all-time high of $1,594 an ounce in London, lifting silver to $39 in its train.

On one side of the Atlantic, the eurozone debt crisis has spread to the countries that may be too big to save – Spain and Italy – though RBS thinks a €3.5 trillion rescue fund would ensure survival of Europe’s currency union.

On the other side, the recovery has sputtered out and the printing presses are being oiled again. Brinkmanship between the Congress and the White House over the US debt ceiling has compelled Moody’s to warn of a “very small but rising risk” that the world’s paramount power may default within two weeks. “The unthinkable is now thinkable,” said Ross Norman, director of thebulliondesk.com.

Fed chair Ben Bernanke confessed to Congress that growth has failed to gain traction. “Deflationary risks might re-emerge, implying a need for additional policy support,” he said.

The bar to QE3 – yet more bond purchases – is even lower than markets had thought. The new intake of hard-money men on the voting committee has not shifted Fed thinking, despite global anger at dollar debasement under QE2.

•snip•

“One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000 and silver at $1,000. I feel terribly sorry for anybody on fixed incomes tied to a fiat currency because they are not going to be able to buy things with that paper money.”

•snip•

Step by step, the world is edging towards a revived Gold Standard as it becomes clearer that Japan and the West have reached debt saturation. World Bank chief Robert Zoellick said it was time to “consider employing gold as an international reference point.” The Swiss parliament is to hold hearings on a parallel “Gold Franc”. Utah has recognised gold as legal tender for tax payments.

A new Gold Standard would probably be based on a variant of the ‘Bancor’ proposed by Keynes in the late 1940s. This was a basket of 30 commodities intended to be less deflationary than pure gold, which had compounded in the Great Depression. The idea was revived by China’s central bank chief Zhou Xiaochuan two years ago as a way of curbing the “credit-based” excess.

Mr Bernanke himself was grilled by Congress this week on the role of gold. Why do people by gold? “As protection against of what we call tail risks: really, really bad outcomes,” he replied.

Indeed.

 

My friends, if this is not the time to buy gold; I really do not know what is.

Click this link to find out how to get into gold today

Jobs report bleak, Democrats still clueless as ever

Now I see why Rick Santelli is ranting and raving!

First of all, here is the lovely report via the NYT:

For the second month in a row, employers added a dismally small number of jobs, showing that the United States economy is barely creaking along despite being two years into the official recovery.

With all levels of government laying off workers, the Labor Department reported that employers eked out just 18,000 new nonfarm payroll jobs in June. The already low number of jobs created in May was also revised downward to just 25,000, less than half what was originally reported last month.

Even as the government’s survey of employers showed that they were adding an anemic number of jobs, a survey of households showed that more people were out of work, causing the unemployment rate to rise to 9.2 percent.

Economists were stunned since they had been expecting June to show stronger job creation as oil prices eased and supply disruptions receded in the aftermath of the Japanese tsunami and earthquake. Instead, the government’s monthly snapshot of the labor market showed that several sectors, including construction, finance and temporary services, actually shed workers. At the same time, leading indicators like wages and the length of the average workweek, which tend to grow before employers begin adding more jobs, actually contracted.

“Even the wild-eyed optimists out there have nothing to grasp onto in this report except to say, ‘Ah, this too shall pass,’ ” said Joshua Shapiro, chief United States economist at MFR Inc.

Meanwhile the stupidity continues on the left. A perfect example is found over at The Hill:

President Obama’s senior political adviser David Plouffe said Wednesday that people won’t vote in 2012 based on the unemployment rate.

Plouffe should probably hope that’s the case, since dismal job figures aren’t expected to get any better for Obama and the economy on Friday.

Most economists expect a report from the Bureau of Labor Statistics to show that the nation added about 100,000 jobs in June. That’s not enough to keep up with population growth, let alone lower the unemployment rate or make a dent in the 9 million jobs lost during the so called Great Recession.

[UPDATED: The jobs report released on Friday showed the economy added only 18,000 jobs, much less than anticipated. The unemployment rate creeped up to 9.2 percent.]

It’s looking more and more like Obama will have to do something no president has done since Franklin Roosevelt: Win reelection with unemployment around 8 percent.

I have a sinking feeling that Plouffe is making a seriously stupid miscalculation ; and one that the Republican Party is going to take full advantage of, come November 2012.

The stupidity continues over at the NYT, again with the stupidest Economist ever to be allowed to write for a paper:

Ugh. That was a seriously ugly jobs report. Almost no job creation, with slow private-sector growth offset by falling public-sector employment; a falling employment-population ratio; and (I don’t know how many people have picked this up), an actual decline in wages, albeit a small one.

Let me emphasize that last point. My bottom line on the inflation-deflation issue has always been to look at wages; you can’t have a wage-price spiral if wages ain’t spiraling. And they aren’t, to say the least.

It’s important to realize, by the way, that stagnant wages are NOT good for recovery; all they do is ensure that the burden of debt relative to income remains high, keeping demand and employment down.

The situation cries out for aggressively expansionary monetary and fiscal policy. Instead, however, all the political push is in the opposite direction.

The underlined part and the part above it; is where the stupidity really kicks in here. That stupidity above, is why this damned Nation is in the place that it is now. Because of stupid people like Krugman. These idiots, in a sane World, would be tossed out of this Country for causing one of the most horrible economic collapses in this Nation, since the great depression, which caused many Americans; Conservative and Liberal, to lose money that they rightly earned or invested in and profited from.

This is not to say that the Republican was not to blame; they too stood by and did nothing and for that they paid a price during the 2006 and 2008 election cycles. However, America was not fooled the Democrats proceeded to make some of, if not more, of the same mistakes that the Republican Party made, while in power. For this, they paid in 2010 and will pay again in 2012.

Further more, it was the DEMOCRATS, not the Republicans, who sought to game the housing market, with the Community Reinvestment act of 1973. Of which the Democrats added the sub-prime cause, which caused the Housing Market to become unstable; which essentially caused the markets to collapse. Yes, regulation was ripped out; but it was the adding of the sub-prime clause that caused the major problems that set the housing market up for a horrible downfall. I know, I watched it all happen here, in real-time, while blogging it all.

In fairness, I will say this; because I am not an overly partisan blogger. It also was the Neo-Conservatives, with their one war, that was totally unjustified in their idiotic visions of a Democratic middle east and the quagmire that it created, not to mention the millions spent and the lives lost; that also created this mess as well. If we would have fought the Afghanistan properly and not like we did Iraq; the war would have been much shorter and would have cost us much less money.

Others: The Atlantic Online, Hot Air, Washington Monthly, Firedoglake, The Huffington Post, Washington Post, The Nation, Calculated Risk, New Deal 2.0, Booman Tribune, Freakonomics, Economix, Free exchange, Speaker, AmSpecBlog, JustOneMinute, Oliver Willis, Gothamist, Hugh Hewitt’s TownHall Blog, Economist’s View, Shakesville, Lynn Sweet, ThinkProgress, Daily Kos, Truthdig, Emptywheel, AMERICAblog News, Lawyers, Guns & Money, FrumForumThe Huffington Post, The Note, The Hill, And So it Goes in Shreveport, AMERICAblog News, Hot Air, Taylor Marsh, Pajamas Media, Scared Monkeys, Outside the Beltway, NetRight Daily, The Western Experience, GOP 12, Le·gal In·sur·rec· tion, National Review, The Lonely Conservative, americanthinker.com, msnbc.com and FrumForum and more via Memeorandum

Update on job prospects

As I wrote earlier, I had a job interview yesterday.

The interview went well, at least, I thought so anyhow.

I will not know anything, until after Wednesday of next week. I have something going on this coming week involving my Dad — Which I will post about here shortly.

So, at this point, it is strictly a prospect; someone who called me about a job.

To give you a little hint: It is a driving job. Delivering air freight. Close to what I was doing, before I became involved in blogging. I have had two good driving jobs in my life. I lasted over a year at both of them. Both companies sadly went under in this tough economy.

The real kicker? The guy pulled my resume, because of something I left in the comments section. He could tell, I was a Conservative. :D

Stay tuned, as I will know more later, hopefully.

Republicans say “No Mas!” to debt ceiling talks

Looks like the Republicans have had enough.

This comes via ABC’s The Note:

Senate Minority Whip Jon Kyl, R-Ariz., will also drop out of the debt talks, a source within his office confirms today. The Arizona Republican’s office will issue a formal statement shortly.

After House Majority Leader Eric Cantor (R-VA) dropped out of the talks this morning, Senator Kyl was the lone Republican in the group left. And with his withdrawal late this morning, the group does not have a Republican negotiator left in the room.

The group was set to meet for the 11th time this afternoon with Vice President Biden, their third meeting of the week.

The group started as six – but is now down to four members from Congress. The remaining members are: Senate Finance Committee Chairman Max Baucus (D-Mont.), Senate Appropriations Chairman Daniel Inouye (D-Hawaii), Assistant House Minority Leader James Clyburn (D-S.C.), and House Budget Committee ranking member Chris Van Hollen (D-Md.).

This is nothing more, than the Republicans finally growing a pair and telling the Democrats, “you made this bed; now lay in it!!”

What I find amusing is this idiot spin by the Democrats:

UPDATE 12:00 p.m. – A Senior Democratic aide says, “Cantor and Kyl just threw Boehner and McConnell under the bus. This move is an admission that there will be a need for revenues and Cantor and Kyl don’t want to be the ones to make that deal.”

More liberal spin and bullcrap. The Republicans; unlike liberals, know that raising taxes on the Nation’s top earners is NOT a smart way to create jobs and generate revenue for the Country. The way to do this properly is to lower taxes for the top earners and remove regulation for the aspiring entrepreneur, who wants to follow the American dream and be his own boss.

But, no, the Democrats want to TAX the crap out of EVERYONE; not just the top earners, but everyone, to pay for their ill-conceived and hair-brained plans like so-called “economic stimulus” that did not work at all. This is why the Republicans walked out on these talks.

Allahpundit over at HotAir.com snarks:

Note to self: Buy gold.

…….and seeing that the Republicans and Democrats are not willing to come together to fix this problem. That is most likely not a very bad idea……

Video: Voices from the Gulf

This video comes via HotAir.com

I want to share this video, but first a few thoughts of my own…

Over the course of my blogger career here, I have written repeatedly about the Internationalist Democrats, who have sold the American Worker up the river on more than one occasion.  President Bill Clinton did it, with the signing of the NAFTA and TAFTA agreements and now President Barack Obama is doing it with exporting oil from Brazil.  The problem is, Obama wants to fight against the American oil companies and their monopoly on the prices of gas.  In the process of this, he is tossing under the bus, the most important part of his own base —- The American Worker.

Honestly, If President Obama wants to do something to lower gas prices, then maybe he should put pressure on the OPEC cartel and start demanding that they lower prices of oil, further more; President Obama should start going after the oil speculators, who drive up the cost of oil.  Again, it is another example of how Internationalist Democrats fight battles, exactly backwards of how they should be fought.  This video proves that.

To my Democratic Party friends — this is whom you elected in 2008.

Enjoy the Video:


 

David Morgan and Chris Vermeulen talk about Metals Trading

[video src="http://www.netcastdaily.com/broadcast/fsn2011-0520-1.mp3" width="400" height="300" ]

I do these posts here to help with the financial situation around here, or in my case; a lack of it. As it does say, up in that top left hand corner box on here; I have no had a “real job” since 2005.  So, if you would please click on the links and sign up for the newsletters. I get a nice referral fee, if you do. This is for those who do not like or do not trust Paypal. Every little bit helps! So, if you want to help a unemployed “right of center” type of guy, who has a blog, this is the time to do it. Thanks so much!

-Pat

—-

The Audio:

 http://www.netcastdaily.com/broadcast/fsn2011-0520-1.mp3

| Open Player in New Window

More info Here

You can also see Chris Vermeulen’s last forecast, where he nailed the prediction on what Silver would do in the markets.

 

Done with Reddit

Well, good ol’ Reddit won’t have me to kick around anymore….

They’ve officially decided to enforce their very selective rules and ban me from submitting links there.

Thanks Reddit for forcing me now to have to mooch off my folks to be able to get my medication for A.D.H.D.!

The traffic helped me in that aspect; and now, I do not have that any longer.

I realize that Reddit is not obligated to carry my links; they are a private entity, not the Government.

I will still be able to use facebook and twitter for promotion.

If someone happens to click on reddit from the “Share This” button, at the end of each posting, so be it. But I will not be doing it anymore.

Eh, them are the breaks, I guess.

Trading Advice: What Most People Don’t Realize About The Fed’s Superpowers

Bob Prechter’s Conquer The Crash reveals whether the Fed really can rescue the US economy
January 27, 2011

By Elliott Wave International

Since its creation in 1913, the primary intended role of the U.S. Federal Reserve Bank has been that of protector. In theory, the central bank was bestowed with the power to shape monetary policy in a way that would keep both booms and busts in check. The two main tools at its disposal — interest rates and money creation — would provide a “ceiling of normalcy” above expansions AND a “net of safety” below contractions.

To this day, the financial mainstream holds great faith in the Fed’s ability to fulfill its save-the-day duties — as these recent news items make plain:

  • “Why Raising Fed Funds Rate Is Positive For Equities.” (Seeking Alpha)
  • “Fed’s Moves Lift All Asset Classes.” (Associated Press)
  • “US Stocks Erasing Losses: The aggressive moves of the Fed have been an important driver for the stabilization of stock prices.” (Bloomberg)

But of all the variables the Fed creators took into account, there’s one glaring factor they neglected to consider: Namely, it cannot force consumers to spend, creditors to lend, or businesses to borrow. The events of 2007-2009 “credit crunch” and the subsequent “Great Recession” made that obvious. Remember how the government was upset at banks for sitting on the bailout funds instead of lending them out to consumers? And consumers weren’t exactly lining up on the street to get a loan, either.

The Fed’s inability to change social mood is the central theme in Chapter 13 of EWI President Bob Prechter’s NY Times business bestseller book Conquer the Crash. There, Bob describes the Fed’s strategy of lowering the federal funds rate to stimulate spending to be as effective as “pushing on a string.” Writes Bob:

“The primary basis for today’s belief in perpetual prosperity and inflation with an occasional recession is what I call the ‘Potent Directors Fallacy.’ It is nearly impossible to find a treatise on macroeconomics today that does not assert or assume that the Federal Reserve Board has learned to control both our money and our economy. Many believe that it also possesses the immense power to manipulate the stock market. The very idea that it can do these things is false.”

And so begins one of the most groundbreaking studies into the very real INABILITY of the Fed to fell the great bears of economic declines, or to feed the great bulls of economic vigor.

The best part is, you can read Chapter 13 of Conquer the Crash in its entirety FREE via a Club EWI resource “You Can Survive And Prosper In A Deflationary Depression.” The free report also includes SEVEN other chapters of Conquer the Crash that shed equal light on some of the most misleading notions of mainstream economic wisdom.

Don’t stay in the dark. Read all 8 chapters today by joining the rapidly expanding free Club EWI community today. Here’s what you’ll learn:

  • Chapter 10: Money, Credit and the Federal Reserve Banking System
  • Chapter 13: Can the Fed Stop Deflation?
  • Chapter 23: What To Do With Your Pension Plan
  • Chapter 28: How to Identify a Safe Haven
  • Chapter 29: Calling in Loans and Paying off Debt
  • Chapter 30: What You Should Do If You Run a Business
  • Chapter 32: Should You Rely on Government to Protect You?
  • Chapter 33: A Short List of Imperative “Do’s” and Crucial “Don’ts”

Keep reading this free report now — all you need to do is create a free Club EWI profile.

It is official: Mike Pence will not be running for President in 2012

Well, we can count this guy out:

U.S. Rep. Mike Pence shut the door today on a run for the presidency, but left wide open the likelihood that he’ll seek a different office: Governor of Indiana.

“In the choice between seeking national office and serving Indiana in some capacity, we choose Indiana,” Pence, R-Columbus, said of himself and wife Karen in a letter being sent to supporters. “We will not seek the Republican nomination for president in 2012.”

He said he would make a decision “later this year” about what his next political step is, but by not running for president it is considered a virtual certainty that he will run for the GOP nomination for governor. While he could, instead, run for a seventh term in Congress, that’s not considered likely given that Pence gave up the job that would have made him the fourth-highest ranking Republican in the House after the November elections, in order to focus on other political opportunities.

via Rep. Mike Pence closes door on White House run | The Indianapolis Star | IndyStar.com.

AllahPundit, as always, frets:

Needless to say, a big reason for the “Draft Pence” push in recent weeks was some social cons being uncomfortable with Palin or Huckabee as the nominee. Where do those people turn now?

To be quite honest, if all the social cons have to choose from is Huckabee and Palin; then that speaks to the sorry condition of the GOP in this day and age. I would say Mitt Romney, but the Evangelical Christians loathe him.  As a Fundamentalist Baptist, I can tell you that I am not too big on the idea of a Mormon being in the White House at all.  What I really believe personally is that the Republican Party needs to focus on fiscal issues and leave the social cons out of the mix in 2012.  Because honestly, that crowd is so darned fickle anyways, not to mention the rank hypocrisy that comes from those ranks.  I mean, just look at Palin, rode in on the white horse of social Conservatism and a few weeks later, her daughter comes up pregnant.

The simple solution is Tim Pawlenty. He is a fiscal Conservative, he is not a extremist and his family is not a reality show. I personally believe he would be a good choice for the G.O.P. in 2012. Here is hoping that Tim runs in 2012, because for once, I would like to vote for a Republican, that actually acts like one and not some made beltway boy or some right wing extremist or a talk show reality star. I want a real CEO type, that will make decisions to help small business and people like me find jobs again.

We need to put America back to work. We cannot do that with a shrieking harpy glamor model who’s got a reality show; that somehow believes that she is entitled to be President, because of her sex organs —- nor can we do that with a Democrat with a Bible who is prone to extremism.

Video: The Reality Report #78: The Homeland becomes the Fatherland

Please note: The posting on this video does NOT constitute support for all of the views therein. It is posted for your education and information.

—–

Synopsis: In the 78th edition of the Reality Report, Gary Franchi draws the direct parallels America shares with Hitler’s Germany and provides the solution to avoiding their terrible fate. We take a look at Ron Paul’s Texas Straight Talk where he discusses what a new found interest in the Constitution could mean for America. CEO of Euro Pacific Capital, Peter Schiff tells us why the Chinese modeled their currency after the U.S. dollar. We also hear from the former U.S. military analyst who is responsible for leaking the Pentagon Papers, Daniel Ellsberg. He explains the recent war on whistle-blowers. Chris Mathews latest hypocrisy is revealed and Angie breaks down the news. As always we take a dip into the mailbag, reveal the results from last weeks viewer poll and brand a new Enemy of the State.

The Video:

http://RTR.org | http://RealityReport.TV

RTR Group:
http://rtr.org/group/745

Facebook Page:
http://facebook.com/realityreport

Youtube channel
http://bit.ly/sub-2-rr

Share the Reality Report on Facebook:
http://on.fb.me/realityreport

Video: Ron Paul talks with John Stossel on the SOTU address

This comes via The Daily Paul:

Part 1:

Part 2:

Comments are Welcome!

Stock and Trading Advice: WARNING TO OPTIONS TRADERS LOOKING AT NETFLIX EARNINGS

One of the hardest things for me to remember is not to believe everything I see. I am a sucker for the latest “can’t lose” strategy supported by the experts. This morning I ran across a trade that looked too good to be true. I think it is, but I think it is instructive to walk through the potential hidden land mine. The event is the Wednesday afternoon release of NFLX earnings but there is a hidden trap for option traders using one commonly used earnings play structure.

The construction of the play is that of a “double calendar” spread. The underlying profit engine is an attempt to exploit the routinely seen spike in implied volatility (IV) of the options series most closely following earnings release. In this case, NFLX has weekly options which expire 48 hours after the scheduled announcement.

In order to understand the situation, let’s walk through the components step-by-step. First, is the routinely observed spike in IV seen as earnings release approaches present? As shown in the options pricing matrix below, the IV of the weekly options is substantially higher than the next series in time, the February monthlies:

Next, we need to get an idea of the magnitude of the price movement expected by option traders. This price range can be imputed from the break even points of the at-the-money straddle in the front most options. As shown in the graph below, this analysis gives a current expected price range of 167-203 following earnings release.

Now let us consider a double calendar spread with strikes selected to encompass this anticipated price range. To review quickly, a calendar spread consists of selling a short dated option while buying a longer dated option at the same strike price. An example of such a trade in NFLX is presented below:

That looks pretty sweet, right? We have projected break even points of 147.3 and 238.86 and a probability of profit (P.P.) of 100%. So all we have to do is put this on, wait for earnings, and barring any huge surprise, we take profit of 100% or more home.

What could possibly go wrong? Unfortunately there is a high probability of a sequence of events that will totally erase any profits and likely result in a loss. Go back and look at the option pricing matrix above and focus on the IV of the options we are buying. These options trade at a volatility of 60%. Is that high or low? You tell me from this historic graph of volatility in NFLX options:

As you can see, the current level of volatility that you are buying in the long legs of the calendar is quite elevated on a historical basis. Furthermore, the spread between statistical (historical) and implied volatilities has rarely been greater. This combination of events sets up a high probability of a “volatility crush” on the options you hold long as part of the spread. The moving parts of this crush are:

1. Cessation of the “bleeding” of juiced IV from the weeklies into the monthly series as the weekly option IV deflates massively.

2. Convergence of IV toward the value of historical volatility in order to close the huge divergence in the levels currently present.

This situation sets up a high probability for a negative impact on the trade which will almost certainly result in a loss. Do I know these events will transpire? Absolutely not, and I may be 100% wrong. Survival as an options trader is all about recognizing high probability events and structuring trades accordingly. No free cheese here; time to move along to the next trade.

If you would like to receive these reports please join my free newsletter: http://www.optionstradingsignals.com/profitable-options-solutions.php
J.W. Jones

Why I left ‘The Left’ — Exhibit CW for Class Warfare

Actually, I wanted to call this one Exhibit IC for incessant whining, but I did not want to sound like a total jerk. However, this is exactly what this little piece is here.

It appears that some liberal wife of some hard working person feels that her man is not getting his fair share of the pot. She writes over at the liberal Blog FireDogLake:

This morning my husband got up at 5:00 a.m. to work outside in 7 degree F temperatures. He sat on the end of the couch, head in his hands sipping his coffee telling me how much he hates his job. How much it’s wearing him out. He makes $29.00 dollars an hour. Roughly $60,000 a year. He’s a union electrician. His health care premiums come out of his pay check; it is NOT subsidized by his “company.” His disability comes out of his pay check. It is NOT subsidized by his company.

I don’t think most people understand this about the unions. These men get paid what they do because they are subsidizing their own care. Men in suits thinks he makes too much money. Men in suits think he doesn’t deserve health care or disability, that he’s just a body to use and abuse.

They tell the men to talk about safety on their own time, not to take up time they could be “producing” to discuss “safety issues”. They don’t want to spend money on his safety or breaks for his aching back or freezing fingers. My husband worries if he takes too much time to warm up that they might lay him off. The men in suits know he is afraid, they even tease him about lay offs from warm offices when he walks through to take his 15-minute break. The high cost of labor, entitlement. The men in suits make you focus on the unions with their high paying jobs while they sit in offices pushing pencils making eight times the amount that my husband makes. Risking far less in stress and safety than my husband. And complaining about the high cost of labor.

First, before I rip this poor woman to shreds here, let me say something. Please note that I am very sympathetic to the working person’s cause — really, I am. I am one of those working man types myself. What troubles me about this entire piece is this; it sounds like this woman is whining about her husband actually having a job. Furthermore, this piece is your a-typical mentality of the liberals in this Country — and that is that the little person is being jacked around by the big, evil, corporate America. What these mentally depraved people do not seems to realize is this; if it were not for businesspersons, who decide to take risks and employ people like her husband, to build projects, like the one that he is working on, those hardworking people — would be unemployed.

Secondly, I find this piece to be offensive for another reason. This is where I might just run afoul of Conservatives who read this blog. I have been unemployed since 2005. This partially could be considered my fault and partially it could be blamed on the piss poor economy here in Michigan. The unemployment rate here in Michigan is I believe 30% or so. I believe I could find you a group of men here in Michigan, which would just love to have this man’s job that he has grown to hate. I know that I personally live very well at $60.000 per year and not complain one bit. The point I am trying to make is this, this man took this job knowing what it entailed and knows what is required of him. If he cannot handle that job, perhaps he should try finding something else, possibly even trying another career.

I hate to sound like some heartless jerk, which sits in some ivory tower somewhere and writes dismissively of some person who is really struggling to make it. Because that is not what I am — I am simply someone who has had my own share of problems in the past, when it comes to unemployment and when I see someone moaning and complaining about actually having job — I just really have to speak up and say trying living in my shoes for a while. I could really understand if this would have been written pre-stock market flash crash and economic recession, but it was not. There are some people out there that have it a hell of a lot worse that this person and his whining wife. I happen to be one of them and I think that this man and his wife both ought to be a bit more appreciative of what they do have, instead of whining about what they have to so-called “Suffer” through.

Just my thoughts on that one, and believe me, this comes from someone who is not even being counted among the 9% in America unemployed. They only count those who are collecting benefits. I collect none.  I will not bother to even comment on the part where it says that the man was breaking the law, by giving free electricity to people that he knows. I mean, if that is not self explanatory, I do not know what is. :roll: