Oh Great: Cost of clothing going up

We were warned that this sort of a thing was going to happen, Glenn Beck said it long ago…:

NEW YORK — Clothing prices have dropped for a decade as tame inflation and cheap overseas labor helped hold down costs. Retailers and clothing makers cut frills and experimented with fabric blends to cut prices during the recession.

But as the world economy recovers and demand for goods rises, a surge in labor and raw materials costs is squeezing retailers and manufacturers who have run out of ways to pare costs.

Cotton has more than doubled in price over the last year, hitting all-time highs. The price of synthetic fabrics has jumped roughly 50% as demand for alternatives and blends has risen.

Clothing prices are expected to rise about 10% in coming months, with the biggest increases coming in the second half of the year, said Burt Flickinger III, president of Strategic Resource Group.

via Cost of clothing going up | Detroit Free Press | freep.com.

I think now would be a good time to go out and get a few good pairs of pants and a few shirts. There’s nothing wrong with stocking up on needed stuff.

This is just the beginning. Wait till food prices skyrocket.

You can thank your feckless Government for this.

Clinton to announce new envoy for the “AfPak” Theater

This looks like it could be a big mess.

Secretary of State Hillary Rodham Clinton has chosen a new special envoy to Afghanistan and Pakistan, after months of delay and disagreements between the White House and the State Department over the parameters of the job that became vacant with the December death of Richard C. Holbrooke, senior officials said.

Retired diplomat Marc Grossman is expected to take over as the administration is facing a crucial year for its war strategy in Afghanistan, where it plans to begin U.S. troop withdrawals this summer and to move toward a political settlement including negotiations with the Taliban before the end of 2011.

In Pakistan, a key partner in the strategy, the situation has become even more fraught with peril, as U.S.-Pakistani relations have plummeted to their lowest point in years over Pakistan’s rejection of U.S. demands to grant diplomatic immunity to a U.S. official accused of murder there.

The administration has suspended high-level official contacts with the Pakistanis, and senior members of Congress have warned Islamabad that it risks a cutoff of U.S. aid.

via Washington Post:  Clinton to announce new ‘AfPak’ envoy.

Wow, I was not aware of all these problems. Looks like Hillary Clinton has her work cut out for her. Two things that stand out here:

  1. Why do we keep sending over retired people to handle these situations? Cannot Hillary Clinton or President Obama find anyone who is not at retirement age to handle this problem? Just a thought there, not trying to criticize it; because I doubt John McCain would be able to handle this any better.
  2. This situation with the murder charge just looks bad all around and will most likely hamper our efforts to combat the war on terror and will hinder us from capturing or killing Osama Bin Ladin. Because you cannot capture the bad guys; if you cannot get along with the people where they are hiding.

Again, I have said this a million times here, and I will say it again. Bush handled this whole thing wrong after 9/11. Bush should have went after the Countries that financed the attacks on 9/11. Instead he went after their training grounds, with the assumption that it would be a cakewalk to catch them; and then he went into Iraq, on what we now now to be bad intelligence and also assumed that would be cake walk too — and Afghanistan was left to neglect.  As of a result that poor leadership, we now have this mess to contend with. I pity Hillary and even President Obama to a point, they inherited this awful mess and now, they have to make gold, out of a steaming bag of crap. What a mess! I would not want to be in their shoes at all. 🙁

But, that is what happens, when you elect Neo-Conservatives who are on a so-called “Mission from God.” Let this be a lesson to America and to the Republican Party and all who supported and voted for the man. Say what you want, but between the bailouts and his poorly planned war on terror — we find ourselves in a awful mess; both with debt and with foriegn diplomacy.

Hope and Change?: FBI doesn’t need court’s OK to get phone records, Obama’s Justice Department claims

Well, isn’t this just a lovely story to pick up on a Sunday Morning?

WASHINGTON – The Obama administration’s Justice Department has asserted that the FBI can obtain telephone records of international calls made from the United States without any formal legal process or court oversight, according to a document obtained by McClatchy.

That assertion was revealed by the department – perhaps inadvertently – in its response to a McClatchy request for a copy of a secret Justice Department memo.

Critics say the legal position is flawed and creates a potential loophole that could lead to a repeat of FBI abuses that were supposed to have been stopped in 2006.

The controversy is a legacy of the Bush administration’s war on terror. Critics say the Obama administration appears to be continuing many of the most controversial tactics of that strategy, including the assertion of sweeping executive powers.

For years after the attacks on Sept. 11, 2001, the FBI sought and obtained thousands of telephone records for international calls in an attempt to thwart potential terrorists. The bureau devised an informal system of requesting the records from three telecommunications firms to create what one agent called a “phone database on steroids” that included names, addresses, length of service and billing information.

Go read the rest here

Which proves to this old school, Paleoconservative, Fundamentalist Christian one thing and one thing alone. That the only difference between a Neo-Liberal; like President Obama and a Neoconservative like President Bush is this —- One loves big Government and the other loves big Government as long as they are the one’s controlling it.

I remember how doing the Bush era, people like Keith Olbermann,were wailing to the top of their lungs about how darned horrible of the Bush Administration to allow such stuff to happen; and now that the Obama Administration is in power, what do you hear?

(click to play)

That is right, absolutely nothing about it at all. That is because the socialist liberals do not give a damn about personal liberty, all they care about is winning elections. All of the attacks against the Bush administration about everything; Hurricane Katrina, 9/11, Iraq —- everything  —was just partisan politics. It never was about the people; because socialists do not give a darn about the people! All they care about is power – governmental power — everything else to them is just second nature.

Which pretty much sums up why I stopped voted for the Democratic Party.  I am pretty much on to their game anymore. They try to come off as the party of the people; but anymore, they are all about the party of the state.

Video: Andrew Breitbart blows the lid off the pigford lawsuit story!

I am going to be totally honest with you all; I do not even like Andrew Breitbart —- But this video right here, is pretty darned interesting.

If everything in this video is true, the Obama Administration could be looking at some problems down the road.  To be fair to Mr. Breitbart, he also goes after Republicans for their cowardice in not checking this out. In short, it is fraud on a massive scale and hopefully when this story breaks, someone in the Republican Party — like in the House, will order investigations.  The really funny part is, Breitbart says he hired someone from Huffington Post — of all places — to debunk the story and he could not.

Having said all of that; here is the video which comes from Ed Morrissey, who is out in California:

Of course the cynical person in me thinks that nothing will become of this; because of race and other factors, none of the people involved in this scandal will see justice. It is just how our system works. Only those who ruffle the wrong feathers — so to speak — are the ones who are actually prosecuted.

However, as they say; I will wait and see.

Stay Tuned.

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

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How a Simple Line Can Improve Your Trading Success

Elliott Wave International’s Jeffrey Kennedy explains many ways to use this basic tool
January 19, 2011

By Elliott Wave International

The following trading lesson has been adapted from Jeffrey Kennedy’s eBook, Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. Now through February 7, you can download the 14-page eBook free. Learn more here.

“How to draw a trendline” is one of the first things people learn when they study technical analysis. Typically, they quickly move on to more advanced topics and too often discard this simplest of all technical tools.

Yet you’d be amazed at the value a simple line can offer when you analyze a market. As Jeffrey Kennedy, Elliott Wave International’s Chief Commodity Analyst, puts it:

“A trendline represents the psychology of the market, specifically, the psychology between the bulls and the bears. If the trendline slopes upward, the bulls are in control. If the trendline slopes downward, the bears are in control. Moreover, the actual angle or slope of a trendline can determine whether or not the market is extremely optimistic or extremely pessimistic.”

In other words, a trendline can help you identify the market’s trend. Consider this example in the price chart of Google.

That one trendline — drawn between the lows in 2004 and the lows in 2005 — provided support for a number of retracements over the next two years.

That’s pretty basic. But there are many more ways to draw trendlines. When a market is in a correction, you can draw a trendline and then draw a parallel line: in turn, these two parallel lines can create a channel that often “contains” the corrective price action. When price breaks out of this channel, there’s a good chance the correction is over and the main trend has resumed. Here’s an example in a chart of Soybeans. Notice how the upper trendline provided support for the subsequent move.

For more free trading lessons on trendlines, download Jeffrey Kennedy’s free 14-page eBook, Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. It explains the power of simple trendlines, how to draw them, and how to determine when the trend has actually changed. Download your free eBook.

Long-Term Bonds: The Best Possible Investment? Think Again

A free Club EWI report reveals why bonds do not provide shelter from the storm
December 23, 2010

By Elliott Wave International

TREASURIES — the very name conveys a thing that is secure, protected, and will appreciate over time. Otherwise, it’d be called something like “TRASHeries” or “Mattress Stuffers.” Then, there’s the official seal of the US Department of Treasury: its image of a scale and a key symbolize “balance” and “trust.”

And, finally, there’s the mainstream economic experts who have it on good authority that long-term bonds increase in value during financial instability and uncertainty.

On this, the following news items from November-December 2010 reflect the enduring faith in fixed-income assets as the ultimate safe-havens:

  • “Bonds Tumble On Signs of Economic Recovery” (Reuters)
  • “US Treasury Prices Rise as traders positioned for negative headlines….” (Associated Press)
  • “Treasury’s rise as investors sought shelter in safe haven assets amid rising fears about sovereign debt woes in the eurozone. The slow motion train wreck is likely to play out over year end as each country plays musical chairs with solvency. The market’s concern here is ‘What is next?’ The 10-year Treasury yield will fall if the problems get worse from here.” (Wall Street Journal)

There’s just one problem with this notion: namely, bonds (of any denomination) do NOT have a built-in disaster premium. This is the myth-busting revelation of the latest, free report from Elliott Wave International. The resource titled “The Next Major Disaster Developing For Bond Holders” includes a thoughtful selection of various EWI publications that expose the very real vulnerability of bond markets to economic downturns.

The premier study on the subject comes from Chapter 15 of EWI President Robert Prechter’s book Conquer The Crash by way of this memorable excerpt:

“If there is one bit of conventional wisdom that we hear repeatedly with respect to investing, it is that long-term bonds are the best possible investment [in downturns]. This assertion is wrong. Any bond issued b a borrower who can’t pay goes to zero in a depression. Understand that in a [major contraction], no one knows its depth and almost everyone becomes afraid. That makes investors sell bonds of any issuers that they fear could default. Even when people trust the bonds they own, they are sometimes forced to sell them to raise cash to live on. For this reason, even the safest bonds can go down, at least temporarily, as AAA bonds did in 1931 and 1932.

The first chart (see below) shows what happened to bonds of various grades in the deflationary crash. And the second chart (see below) shows what happened to the Dow Jones 40-bond average, which lost 30% of its value in four years. Observe that the collapse of the early 1930s brought these bonds’ prices below — and their interest rates above — where they were in 1920 near the peak in the intense inflation of the ‘Teens.”


That’s just the tip of this myth-busting report. “The Next Major Disaster” uncovers flaws in other widely-accepted bond lore, including these two assumptions:

  • High -yield bonds rise during economic expansions
  • AND — municipal bonds provide a steady refuge in times of economic stress.

Read more about Robert Prechter’s warnings for holders of municipals and other bonds in his free report: The Next Major Disaster Developing for Bond Holders. Access your free 10-page report now.

Investing Advice: Trading the Holiday Grind

It’s that time again when volume dries up and prices rise into the new year. A lot of individuals are scrambling to prepare for the holidays, even though we had a year to prepare. The big money has already done most of their year end shuffling and will be taking it easy until January.

The market is overbought and sentiment readings are at extreme levels which in the past have been the start of large sell offs and even bear markets. While I am keeping a close eye for a top, there is not much we can do but stay long stocks and commodities until the market tips its hand and distribution selling is in control. The U.S. federal government is the only wild card going into year end that should be on traders’ radars. They have been doing a great job boosting prices in the equities and commodities market, but can they continue to hold things up when the big money and the proverbial herd start unloading positions in 2011?   — Please, Click here to read the rest.

UPDATEDBREAKING NEWS: FORMER DETROIT MAYOR KWAME KILPATRICK & OTHERS INDICTED ON LITANY OF FEDERAL CHARGES — Video of Press Conference Added

INDICTED!

Finally…. Justice is starting to be served here in Detroit.

There is news of it from all over the place in Detroit.

First Video from WXYZ-TV in Detroit:

Next Video from FOX 2 in Detroit:

Update: Here is that actual presser announcing said charges against all involved:

Here are the actual pages of the indictment itself: (via WDIV-TV)

READ PAGES 1-8 of Federal Indictment: Kilpatrick Charged With Conspiracy, Fraud, Extortion

READ PAGES 9-16 of Federal Indictment: Kwame Federal Indictment: Pages 9-16

READ PAGES 17-25 of Federal Indictment: Kwame Federal Indictment: Pages 17-25

READ PAGES 25-32 of Federal Indictment: Kwame Federal Indictment: Pages 25-32

READ PAGES 33-40 of Federal Indictment: Kwame Federal Indictment: Pages 33-40

READ PAGES 41-48 of Federal Indictment: Kwame Federal Indictment: Pages 41-48

I think it would be fair to point out that Kwame Kilpatrick was and still is a REGISTERED DEMOCRATIC PARTY MEMBER!

The Detroit Free Press reports:

A federal grand jury today indicted former Detroit Mayor Kwame Kilpatrick, his father and three former top aides on racketeering charges, accusing them of turning the mayor’s office into a criminal enterprise to enrich themselves, families and friends.

Besides the now-jailed former mayor, the 38-count indictment names his father, Bernard Kilpatrick, city contractor Bobby Ferguson, former top Kilpatrick aide Derrick Miller and former water department chief Victor Mercado in one of the largest public corruption investigations ever in the City of Detroit.

The indictment outlined four general areas of misconduct.

It said the defendants extorted money from municipal contractors, state and non-profit donors and engaged in bribery and extortion involving other public contracts and investments.

The indictment said that Ferguson kicked back at least $424,000 in cash and other items of value to the mayor and that Kilpatrick used more than $590,000 in cash derived from the conspiracy to pay his credit card bills, purchase cashier’s checks and clothing and repay loans.

Bernard Kilpatrick, the indictment said, deposited more than $600,000 in cash into his personal bank accounts. He was charged with three counts of filing false tax returns for calendar years 2004, 21005 and 2007.

The penalties for the charges laid out in the indictment range from three to 30 year in prison.

I believe it also would be fair to point out that this is what happens when you have the mentality THAT YOU ARE BLACK AND THAT YOU ARE ENTITLED! This sort of mentality, for what it is worth; dates back to the days of the Coleman A. Young administration. The difference is that Kwame was not able to pay the feds off, like Mayor Young was able to do. Further more, from what I heard at the presser, that Kwame and friends were even doing this sort of that back when Kwame was a state representative.

The Detroit News Reports the list of people, besides Kilpatrick, who have been charged…..so far:

Karl Kado: The former Cobo contractor, who has said in sworn testimony he made illegal cash payments to former Mayor Kwame Kilpatrick, remains a key government witness and got three years probation.

Glenn Blanton: The former Cobo Center director who admitted taking illegal payments from Kado was sentenced to one year in prison for obstruction of justice.

Lou Pavledes: Another former Cobo director who admitted taking bribes from Kado, Pavledes got 14 months for a banking offense.

James R. Rosendall Jr.: The former Synagro Technologies Inc. vice president became an FBI informant and got 11 months for bribery.

Rayford W. Jackson: The Detroit businessman who was Synagro’s local partner is serving a five-year sentence for bribery.

Monica Conyers: The former Detroit city councilwoman who cast the deciding vote in favor of the $1.2 billion Synagro deal was sentenced to 37 months in prison for bribery.

Jerry M. Rivers: A former member of the mayor’s executive protection unit, Rivers pleaded guilty to bribery in connection with a city land sale and was sentenced to 12 months in prison.

Kandia Milton: A childhood friend and top aide to Kilpatrick, Milton pleaded guilty to bribery in connection with the city’s sale of Camp Brighton and was sentenced to 14 months in prison.

DeDan Milton: Another longtime friend of Kilpatrick, who like his brother is cooperating with prosecutors, is to be sentenced to 42 months in prison for bribery.

Sam Riddle: The political consultant and former top aide to Monica Conyers pleaded guilty to a felony conspiracy charge in May and was sentenced to 37 months in prison.

Mary Waters: Pleaded guilty to a misdemeanor tax charge in May in connection with the Southfield case and was sentenced to one year of probation.

William Lattimore: The former Southfield city councilman pleaded guilty to bribery after he was picked up on a wiretap of Riddle’s cell phone. Lattimore was sentenced to 18 months in prison.

Marc Andre Cunningham: A former aide to Kilpatrick, he pleaded guilty to a bribery charge in November and awaits sentencing Feb. 10.

Brian Dodds: Co-owner of Howell-based D&R Earthmoving LLC, he pleaded guilty to concealing a crime in connection with an inflated contract Kilpatrick pal Bobby Ferguson received. He is to be sentenced Jan. 10. Ferguson has been indicted on multiple counts and awaits trial.

Rodney Burrell: The head of Northville-based R&R Heavy Haulers pleaded guilty to concealing a crime in connection with the same bid-rigging on the Ferguson contract. He is to be sentenced in March.

Hopefully and I do mean hopefully; this will send a message to anyone who seeks office in the city of Detroit — that if you run for public office and you decide to break the law, that you will be caught and you will be charged and that you will end up and jail.

Although, I will not lie to you; I have sinking suspicion that somebody somewhere, will play the race card and point out that the people filing these charges are mostly White and latino and will somehow or another convince a judge to throw out the case.  I do truly hope that I am wrong about this, I really do. Because Detroit has been rife with corruption for much, much too damned long. Many people, for many, many years have gotten very wealthy by corrupt means in Detroit for much too long —- while the rest of the City of Detroit falls into ruin. It is morally wrong and these turkeys that broke the law ought be jailed for the longest terms possible.

Hopefully, and I mean this one, with all the sincerity that I can muster — as a former resident of that city — this will close the chapter of the culture of corruption in that City and that the City of Detroit can finally, and I do mean finally get on with the business of restoring that City to its once great status. This might be a small step, but it is a very important one and God-willing it will be the first big one.

Personal Advice from ME: If you are small time stock investor, GET OUT NOW!

…and here is why….

This comes via Gateway Pundit, who is one hell of a great blogger:

The story via the U.K. Telegraph:

US Treasuries last week suffered their biggest two-day sell-off since the collapse of Lehman Brothers in September 2008. The borrowing costs of the government of the world’s largest economy have now risen by a quarter over the past four weeks.

Such a sharp rise in US benchmark market interest rates matters a lot – and it matters way beyond America. The US government is now servicing $13.8 trillion (£8.7 trilion) in declared liabilities – making it, by a long way, the world’s largest debtor. Around $414bn of US taxpayers’ money went on sovereign interest payments last year – around 4.5 times the budget of America’s Department of Education.

Debt service costs have reached such astronomical levels even though, over the past year and more, yields have been kept historically and artificially low by “quantitative easing (QE)” – in other words, Federal Reserve Chairman Ben Bernanke’s virtual printing press. Now borrowing costs are 28pc higher than a month ago, with the 10-year Treasury yield reaching 3.33pc last week, an already eye-watering debt service burden can only go up.

Few on this side of the Atlantic should feel smug. The eurozone’s ongoing sovereign debt debacle has pushed up Germany’s borrowing costs by 27pc over the last month – to 3.03pc. The market has judged that if Europe’s Teutonic powerhouse wants the single currency to survive, it will ultimately need to raise wads of cash to absorb the mess caused by other member states’ fiscal incontinence…

Some say that growing signs of a US economic recovery are positive for stocks, which means money is being diverted out of Treasuries, so lowering their price, which pushes up yields. That’s wishful thinking. Sovereign borrowing costs have just surged in the US – and therefore elsewhere – because a politically-wounded President Obama caved-in and extended the Bush-era tax cuts, combining them with a $120bn payroll tax holiday…

The market is increasingly alarmed at the rate of increase of the US government’s already massive liabilities. America’s government debt is set to expand by a jaw-dropping 42pc over the next few years, reaching $19.6 trillion by 2015 according to Treasury Department estimates presented (amid very little fanfare) to Congress back in June. Since then, government spending has risen even more. So US debt service costs, like those of many other Western nations, are expanding rapidly in terms of both the volumes of sovereign instruments outstanding, and the yields on each bond.

You know what that means? It means that if you are a small time investor; that you need to get out of the Market NOW! This could have a huge impact on the market, and you could lose very big. I do virtual trading and so far, I have done well on my trades. But I am not about to lose my shirt, so, I ordered a sell off of everything. Now the big time guys will be able to afford to ride this out, because they have the wealth to spare. But the small time people will get burned. The best thing I can tell you small times investors, is to dump your shares and put it all into Gold. That would either be into EFT‘s or real actual Gold.

Disclaimer: I do not claim to be a expert on the subject of stocks, trading or even Gold. However, it does stand to reason that when such news as this is report, that it will affect the U.S. markets and the United States financial system. I do however, promote a great investment advice service called Elliotwave. You might want to check it out.

Stock Trading Advice: SPX’s Running Correction, Gold’s Setup, Oil Explodes!

The financial markets continue to climb the wall of worry on the back of more Fed Quantitative Easing. Those trying to pick a top in this choppy bull market may prove to be correct for a couple hours but over time the shorts continue to get clobbered.

Quantitative easing was enough to turn gold back up and gave oil just enough of a nudge to breakout of its cup and handle pattern explained later.

The past few weeks the number of emails I receive on a daily basis about what individuals should do about short positions they took on their own has growing quickly. Usually when my inbox starts to fill up with traders holding heavy losses trying to pick a top I know something big is about to happen and its not going to be in the favor of the herd (everyone shorting). In the past couple week there have been some great entry points for the broad market whether its to buy the SP500, Dow, NASDAQ or Russell 2K. I focus on trading with the trend and entering on extreme sentiment readings as shown in the chart below.

Extreme Trend Trading Analysis

Below are my main market sentiment indicators for helping to time short term tops and bottoms. That being said I don’t pick short term tops in hopes to profit on the down side. Rather I wait for a extreme sentiment bottom to be put in place, then enter long with the up trend (Buy Low).

Once there is a 1-2% surge in price and sentiment indicators are showing a short term top I like to pull a little money off the table to lock in some profits while still holding a core position (Sell High). This is exactly what I/subscribers have done over the last couple weeks. This is a simple yet highly effective strategy and works just as well in a down trend except I focus on shorting extreme sentiment bounces. Subscribers know what these indicators are as I cover them each week in my daily pre-market trading videos as we prepare for the day ahead. —- Read The Rest Here

Video: Rick Santelli on what the Tea Party means to him

Via OUR LIVES, OUR FORTUNES & OUR SACRED HONOR:

Video: Gold and Silver Manipulation Exposed by GATA

An interesting video:

Get this DVD by clicking here

Invest in Silver and Gold, by Clicking Here

The G.O.P’s “Pledge to America” is nothing more retread Neo-Conservative, Theocracy nonsense

This is pretty rich; The Republican Party is trotting out the same old George W. Bush style of Governence, with some new promises. Promises that the Republican Party actually expect the American people to believe that they will actually keep.

Let us go through this thing, shall we?

This comes Via CBS NEWS:

CBS News has obtained a final draft of House Republicans’ legislative agenda for the next Congress, a 21-page "Pledge to America" that they will formally unveil Thursday morning at a Virginia hardware store.

"The need for urgent action to repair our economy and reclaim our government for the people cannot be overstated," the introduction says.

It continues: "With this document, we pledge to dedicate ourselves to the task of reconnecting our highest aspirations to the permanent truths of our founding by keeping faith with the values our nation was founded on, the principles we stand for, and the priorities of our people. This is our Pledge to America."

Let look at this thing shall we? I mean, I need a good laugh! I will spare you the hum drum, "Patriot" sounding nonsense and puffery, and I will get to the meat and point out the crap.

We pledge to honor families, traditional marriage, life, and the private and faith-based organizations that form the core of our American values.
We pledge to make government more transparent in its actions, careful in its stewardship, and honest in its dealings.
We pledge to uphold the purpose and promise of a better America, knowing that to whom much is given, much is expected and that the blessings of our liberty buoy the hopes of mankind.
We make this pledge bearing true faith and allegiance to the people we represent, and we invite fellow citizens and patriots to join us in forming a new governing agenda for America.

Hmmm, Sounds like they want to turn America into a theocracy. 

Continuing:

Permanently Stop All Job-Killing Tax Hikes: We will help the economy by permanently stopping all tax increases, currently scheduled to take effect January 1, 2011. That means protecting middle-class families, seniors worried about their retirement, and the entrepreneurs and family-owned small businesses on which we depend to create jobs in America.

• Give Small Businesses a Tax Deduction: We will allow small business owners to take a tax deduction equal to 20 percent of their business income. This will provide entrepreneurs with a much-needed infusion of capital for investment and new hiring.

• Rein In the Red Tape Factory in Washington, DC: Excessive federal regulation is a de facto tax on employers and consumers that stifles job creation, hampers innovation and postpones investment in the economy. When the game is always changing, small businesses cannot properly plan for the future. To provide stability, we will require congressional approval of any new federal regulation that has an annual cost to our economy of $100 million or more. This is the threshold at which the government deems a regulation “economically significant.” If a regulation is so “significant” and costly that it may harm job creation, Congress should vote on it first.

• Repeal Job-Killing Small Business Mandates: One of the most controversial mandates of the Democrats’ government takeover of health care requires small businesses to report to the Internal Revenue Service any purchases that run more than $600. This 1099 reporting mandate is so overbearing that the IRS ombudsman has determined that the agency is ill-equipped to handle all the resulting paperwork.. We will repeal this job-killing small business mandate.

This was all promised before and never was enacted.

Act Immediately to Reduce Spending: There is no reason to wait to reduce wasteful and unnecessary spending. Congress should move immediately to cancel unspent “stimulus” funds, and block any attempts to extend the timeline for spending “stimulus” funds. Throwing more money at a stimulus plan that is not working only wastes taxpayer money and puts us further in debt.

• Cut Government Spending to Pre-Stimulus, Pre-Bailout Levels: With common-sense exceptions for seniors, veterans, and our troops, we will roll back government spending to pre-stimulus, pre-bailout levels, saving us at least $100 billion in the first year alone and putting us on a path to begin paying down the debt, balancing the budget, and ending the spending spree in Washington that threatens our children’s future.

• Establish a Hard Cap on New Discretionary Spending: We must put common-sense limits on the growth of government and stop the endless increases. Only in Washington is there an expectation that whatever your budget was last year, it will be more this year and even more the next. We will set strict budget caps to limit federal spending on an annual basis. Budget caps were used in the 1990s, when a Republican Congress was able to bring the budget into balance and eventual surplus. By cutting discretionary spending from current levels and imposing a hard cap on future growth, we will save taxpayers hundreds of billions of dollars.

• Cut Congress’ Budget: This year, Congress increased its own budget by 5.8 percent at a time when families and small businesses across the country are cutting back. We will make Congress do more with less by significantly reducing its budget.

• Hold Weekly Votes on Spending Cuts: Earlier this year, House Republicans launched the YouCut initiative to combat the permissive culture of runaway spending in Congress. Over the course of nine weeks, YouCut produced proposals to save taxpayers more than $120 billion. We will continue to hold weekly votes on spending cuts.

• End TARP Once And For All: Americans are rightly outraged at the bailouts of businesses and entities that force responsible taxpayers to subsidize irresponsible behavior. We will cancel the Troubled Asset Relief Program (TARP), a move that would save taxpayers roughly $16 billion.

• End Government Control of Fannie Mae and Freddie Mac: Since taking over Fannie Mae and Freddie Mac, the mortgage companies that triggered the financial meltdown by giving too many high risk loans to people who couldn’t afford them, taxpayers were billed more than $145 billion to save the two companies. We will reform Fannie Mae and Freddie Mac by ending their government takeover, shrinking their portfolios, and establishing minimum capital standards. This will save taxpayers as much as $30 billion.

• Impose a Net Federal Hiring Freeze of Non-Security Employees: Small businesses and entrepreneurs are the engine of our economy and should not be crowded out by unchecked government growth. We will impose a net hiring freeze on non-security federal employees and ensure that the public sector no longer grows at the expense of the private sector.

• Root Out Government Waste and Duplication: Once created, federal programs almost never go away, even if the problem they were created to address is no longer relevant. More than 20 states have addressed this problem by requiring that programs end – or “sunset” – by a date certain. We will adopt this requirement at the federal level to force Congress to determine if a program is worthy of continued taxpayer support.

• Reform the Budget Process to Focus on Long-Term Challenges: We will make the decisions that are necessary to protect our entitlement programs for today’s seniors and future generations. That means requiring a full accounting of Social Security, Medicare, and Medicaid, setting benchmarks for these programs and reviewing them regularly, and preventing the expansion of unfunded liabilities.

Again, this was all promised before in the past; and was never done. In fact, spending increased under the previous President.

My favorite so far…:

There is literally no aspect of our economy or our society that the federal government doesn’t tax, regulate or subsidize, and often it does all three at the same time. The most recent edition of the Catalogue of Federal Domestic Assistance listed 2,050 different assistance programs available to states, local governments, for-profit and non-profit organizations, groups, and individuals. Taxpayers are literally funding programs from cradle to grave…

Yes, let’s defund programs for the actual needy, and the Handicapped — like my aunt. Let’s allow them starve. What idiots. 🙄

Here’s the REAL knee slapper!

• Read The Bill: We will ensure that bills are debated and discussed in the public square by publishing the text online for at least three days before coming up for a vote in the House of Representatives. No more hiding legislative language from the minority party, opponents, and the public. Legislation should be understood by all interested parties before it is voted on.

• Adhere To The Constitution: For too long, Congress has ignored the proper limits imposed by the Constitution on the federal government. Further, it has too often drafted unclear and muddled laws, leaving to an unelected judiciary the power to interpret what the law means and by what authority the law stands. This lack of respect for the clear Constitutional limits and authorities has allowed Congress to create ineffective and costly programs that add to the massive deficit year after year. We will require each bill moving through Congress to include a clause citing the specific constitutional authority upon which the bill is justified.

• Make It Easier to Cut Spending: By forbidding amendments on spending bills, Democrats have denied lawmakers the opportunity to tighten Washington’s belt and slash wasteful and duplicative programs. Structure dictates behavior, so we will let any lawmaker — Democrat or Republican — offer amendments to reduce spending.

• Advance Legislative Issues One at a Time: We will end the practice of packaging unpopular bills with “must-pass” legislation to circumvent the will of the American people. Instead, we will advance major legislation one issue at a time.

However, they wish to do this too:

* Pass Clean Troop Funding Bills: When asked to provide our troops with the resources they need, we will do so without delay. That means no more troop funding bills held up by unrelated policy changes, or extraneous domestic spending and pork-barrel projects.

• Keep Terrorists Out of America: We will prevent the government from importing terrorists onto American soil. We will hold President Obama and his administration responsible for any Guantanamo Bay detainees they release who return to fight against our troops or who have become involved in any terrorist plots or activities.

• Demand an Overarching Detention Policy: Foreign terrorists do not have the same rights as American citizens, nor do they have more rights than U.S. military personnel. We will work to ensure foreign terrorists, such as the 9/11 conspirators, are tried in military, not civilian, court. We will oppose all efforts to force our military, intelligence, and law enforcement personnel operating overseas to extend “Miranda Rights” to foreign terrorists.

• Fully Fund Missile Defense: There is real concern that while the threat from Iranian intercontinental ballistic missiles could materialize as early as 2015, the government’s missile defense policy is not projected to cover the U.S. homeland until 2020. We will work to ensure critical funding is restored to protect the U.S. homeland and our allies from missile threats from rogue states such as Iran and North Korea.

• Require Tough Enforcement of Sanctions Against Iran: The Iranian regime is a state-sponsor of terrorism, has actively worked to harm our deployed troops in Iraq and Afghanistan, and violates the rights and will of its own people. It has declared its determination to acquire a nuclear capability, which threatens its neighbors and the security of the United States. We will work to ensure the government aggressively and effectively implements the sanctions tools Congress has provided.

• Establish Operational Control of the Border: We must take action to secure our borders, and that action starts with enforcing our laws. We will ensure that the Border Patrol has the tools and authorities to establish operational control at the border and prohibit the Secretaries of the Interior and Agriculture from interfering with Border Patrol enforcement activities on federal lands.

• Work with State and Local Officials to Enforce Our Immigration Laws: The problem of illegal immigration and Mexican drug cartels engaged in an increasingly violent conflict means we need all hands on deck to address this challenge. We will reaffirm the authority of state and local law enforcement to assist in the enforcement of all federal immigration laws.

• Strengthen Visa Security: To stop terrorists like Omar Farouk Abdulmutallab, the Christmas Day bomber, we will require the Department of Homeland Security to review all visa applications at high-risk consular posts and prevent aliens from attempting to avoid deportation after having their visas revoked.

As for immigration; how about we try this novel idea? END ALL IMMIGRATION FOR AT LEAST 10 YEARS! Then, using the Government’s already vast resources, we round up, and DEPORT ALL Illegal immigrants in this damn country and BAR THEM from returned to the United States, FOREVER!

Yes, we want to stick to the constitution; but we also want to keep funding the Military industrial complex! This one was really one that makes me ill:

Require Tough Enforcement of Sanctions Against Iran: The Iranian regime is a state-sponsor of terrorism, has actively worked to harm our deployed troops in Iraq and Afghanistan, and violates the rights and will of its own people. It has declared its determination to acquire a nuclear capability, which threatens its neighbors and the security of the United States. We will work to ensure the government aggressively and effectively implements the sanctions tools Congress has provided.

Oh yes, let’s antagonize the hell out of Iran, until they strike one of our interests overseas; like Iraq and we end up having to go into that Country or some other one, with our interests in it. Which would lead to more War…….again!

Here is a novel idea. How about ending the wars in Iraq and Afghanistan now? Because Iraq is done; let them people deal with their own Country. Afghanistan is basically lost. The Russians tried rebuilding that god-forsaken wilderness and failed. Why do we think that we can do it any better? Al-Qaeda is basically in Pakistan and so damned well protected; that we will never get them, unless we keep hitting civilian targets. Which only inspires more terrorists. Why not just use CIA Drones and bring out troops home? That or just admit that the United States purposefully let down it’s guard; and end the lie, in the first damned place!  That way, we can usually save some money for defending America from Terrorism here; seeing that we have created this situation of possible blow back from those wanting to hurt America, because of our stupid invasion of Iraq, which had zero to do with 9/11. How is that for a novel idea?

However, no, we would rather continue with the same old Neo-Conservative, Israel-appeasing, polices that caused 9/11 in the first damned place. In the process, we want to bankrupt the Country, by continuing to fund crap like that. Plus, we continue to fund other Countries, like Israel and their healthcare plan, which includes a public option; which America does not even have. Until this stops. America will continue to be in debt for a long time to come.

For what it is worth, I am not the only person that thinks this is crap. Even the folks at RedState hate it.

Memeorandum thread is here.

Video: Is this is the future of America in 5 or 10 years?

(H/T to Richard Spencer of Alternative Right)

I think it’s time we got real; before we lose everything.

The Obligatory Obama will not extend Bush Tax Cuts Posting

Well, duh, he is a liberal and a Democrat. He does believe in class warfare. Remember you Republicans and Libertarians that voted for him. (You know who you are…)

Via the NYT:

WASHINGTON — President Obama on Wednesday will make clear that he opposes any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year, officials said, adding a populist twist to an election-season economic package that is otherwise designed to entice support from big businesses and their Republican allies.

Mr. Obama’s opposition to allowing the high-end tax cuts to remain in place for even another year or two would be the signal many Congressional Democrats have been awaiting as they prepare for a showdown with Republicans on the issue and ends speculation that the White House might be open to an extension. Democrats say only the president can rally wavering lawmakers who, amid the party’s weakened poll numbers, feel increasingly vulnerable to Republican attacks if they let the top rates lapse at the end of this year as scheduled.

It is not clear that Mr. Obama can prevail given his own diminished popularity, the tepid economic recovery and the divisions within his party. But by proposing to extend the rates for the 98 percent of households with income below $250,000 for couples and $200,000 for individuals — and insisting that federal income tax rates in 2011 go back to their pre-2001 levels for income above those cutoffs — he intends to cast the issue as a choice between supporting the middle class or giving breaks to the wealthy.

In a speech in Cleveland on Wednesday, Mr. Obama will also make a case for the package of roughly $180 billion in expanded business tax cuts and infrastructure spending disclosed by the White House in bits and pieces over the past few days. He would offset the cost by closing other tax breaks for multinational corporations, oil and gas companies and others.

While the speech will be centrist in its policy prescriptions other than the Bush tax cuts, Mr. Obama’s language will be partisan as he seeks to sharpen the contrasts between Republicans’ record and efforts by Democrats to create more jobs, aides said.

As much as I would like to jump up, holler and raise a fuss about this; I cannot. We all knew that this was coming. This should be a lesson to the Republican Party. That is, do not run weak or moderate Conservatives during elections. Because when you do; Conservatives, and I mean hardcore Conservatives will not vote — and this is what you get. I know that I, personally, will not be affected by this; neither will my family.

However, I am sure that there will be some families affected by this —  not to mention a myriad of business owners out there. This will, I am sure, cause a downtown in hiring by businesses; which will add to the huge downturn in the economy. It is all a domino effect, starts at the top and goes to the bottom.

Another thing to think about; we do have to eventually pay for these two wars. I believe that those who profited off of both of these wars ought to be targeted for taxing. I believe that a special “War Tax”, ought to be appended to anyone making over $500.000 or more a year. I would target multinational companies, like oil companies and so forth. Especially those in Iraq. Perhaps next time, the warmongering class will not be so eager to start a war next time. This taxing would reinforce the idea that those wanting said war, should they actually have to pay for it. Foreign Policy has a price tag; and those who want follow Woodrow Wilson’s steps, should be required to pay that price tag.

Memorandum Thread.

Want Living Proof that Nation-Building does not work?

Here you go, a video of New York Times reporter John Burns, who, by the way, was the best person covering the Iraq War.

The Video: (H/T HotAir.com)

Ed Morrissey makes a very important point:

On Iraq, it’s hard to see how Obama could have improved the situation. He followed the SOFA pact that George W. Bush negotiated with Nouri al-Maliki, and the Iraqi government made it clear they wanted us to stick to that schedule. If the Iraqis want us out entirely by the end of next year, we have little choice but to comply; to do otherwise would be a de facto reoccupation that will not fly well here at home or abroad.  However, I’d say it’s entirely likely that Baghdad will rethink that final phase and ask us to remain for logistics, training, and air and sea protection for the next several years, and then the question will be whether Obama will agree to it or insist on a full withdrawal, even if it means the collapse of the nascent democracy in Iraq.

Afghanistan is a different problem, but one with potentially the same result.  Obama owns Afghanistan more than he does Iraq, having made the decision himself to add more troops and get more aggressive, which means a failure there can’t be left on the doorstep of his predecessor.  If Obama starts withdrawing from both fronts as they deteriorate, he will at least be the man who lost Afghanistan, if not Iraq as well, just as he has to prepare to convince Americans to give him another four years as Commander-in-Chief.  For that reason, I doubt we’ll see a significant drawdown in either theater, and Obama will just have to remind the Left that they have nowhere else to go in 2012.

Ever notice how Neo-Conservatives will never say Bush screwed up with Iraq, at all? They will never admit, that there was an intelligence error — never. That is what Party loyalty does to a person.

Anyhow, some good reading about Nation-Building over at The American Conservative:

“Nation-building is the most prominent — and most important — part of the neocon doctrine,” wrote Jed Babbin in the American Spectator. “And the decision to pursue it is the principal reason that we are losing in Afghanistan, Iraq is falling apart, and the real enemy — the terror-sponsoring nations — have grown stronger.”

None of these writers can accurately be described as a budding noninterventionist. But most conservatives who opposed the Iraq War from the beginning and favored no more than a limited mission in Afghanistan can agree with them on the following: neither Islam nor foreign lands can easily be reformed by either bureaucrats or the force or the force of arms; our interventions have produced something closer to sharia states than Switzerland’s; Iran is now more powerful in the region rather than less.

There have l0ng been three main foreign-policy tendencies on the American Right: old-style conservatives who agree with Randolph Bourne that war is the health of the state and therefore favor less military intervention abroad; neoconservatives who want to preserve the United States’ global hegemony and engage in armed proselytizing for democracy; and defense-minded conservatives who believe the U.S. should strike forcefully at its enemies whenever it perceives itself, its interests, or its allies to be threatened.

Roughly speaking, these groups can be described as the Jeffersonians, the Wilsonians, and the Jacksonians. Among rank-and-file conservatives, the Jacksonians are by far the largest group. In the postwar era, the Jacksonians have tended to align with the Wilsonians. But there is no reason why that conjunction is inevitable.

With the exception of Ron Paul and some Ron Paul Republicans, the Jeffersonians have no major political figure to speak for them. Yet the popularity of the Wilsonians was always greatly exaggerated. The invasion of Iraq and the mass conservative acceptance of the Bush Doctrine were made possible by al-Qaeda’s act of mass murder on 9/11.

Throughout the 1990s, Wilsonian neoconservatives called for regime change in Iraq, but they did not succeed in rallying the grassroots Right to the cause. The conservative base tuned out the PNAC crowd. Millions of conservatives voted for Pat Buchanan, who opposed even the first war with Iraq, in the 1992 and 1996 Republican presidential primaries—even as neoconservative commentators were writing essays attempting to purge Buchanan from conservative movement.

Grassroots conservatives were repulsed by American bloodshed during our humanitarian intervention in Somalia. They opposed using our armed forces to deliver groceries to Third World countries and restoring a dubious left-wing character to power in Haiti. They objected to the bombing of Serbia and canceled their subscriptions to the Weekly Standard when that magazine sided with the Clinton administration on military action in the Balkans.

The years after 9/11 were a Jacksonian moment hijacked by neoconservatives. While most American conservatives liked the idea that the we could increase others’ freedom by defending our own against despots overseas, very few of them wanted to go to war to build schools in Iraq or promote democracy. They wanted to pay back the people who murdered their countrymen and make sure that such an attack never happened again.

They trusted that George W. Bush was the man for the job and were patient when he talked about lighting a fire in the minds of men. But ordinary conservatives nevertheless agreed with the following sentiment expressed by John Derbyshire: “What matters most is not the fire in the minds of men, which will burn at some level for as long as there are men, but the fire that results when fissionable material undergoes a fast chain reaction.”

You see the problem is that the very same people that stood behind George W. Bush and cheered him, as he charged off to war in Iraq and Afghanistan; are the same one who stand and in unison blame President Obama for any failures for the war in both Countries.  The truth is that President Obama DID inherit BOTH of these wars for President Bush and it is because of utter incompetence of the Pentagon and State Department under President Bush, not to mention the entire intelligence community, is why we are in this mess in the first place!

So, instead of being noble and honest men, and admitting that they actually made mistakes, one being electing a President that was about as Conservative, as I am damned atheist; they would rather navel graze the whole thing and try and deflect the blame onto the Democrats, as much as they possibly can.  The problem is with that little idiotic plan is this; thinking Americans, like this writer are just smarter than that, we know what happened and we know who was responsible for the actions of the President.  I am fully aware of who goaded the President into declaring war with Iraq.  I have no forgotten and neither have the American people.  This is, one of a myriad of reasons, why John McCain lost the election.  Because the American people did not want someone, who would take marching orders from the Neo-Conservatives.

So far, Obama has been showing his independence of the warmongering class in the Republican Party. Thankfully, under Michael Steele the warmongering class have been pushed aside; which is why people like William Kristol want him to resign so badly, that being because Michael Steele will not march to their orders and is expressing his own views, and not those who wish the United States to fight a perpetual war.  I commend Michael Steele for that.

Another thing I think I need to be clear on; as you know, I did post a video, that was a warning to America.  Some would look at that and say, “Are you not talking about of both sides of your mouth?” to that I would say no. That is because that video essentially validates what I have believed all along; that the notion of, “We must fight the terrorists there, so we do not have to fight them here” is idiotic at best.  That is because there are radical Islamic terrorists that are already here now! That video proves as much.  My personal issue with George W. Bush was not with fighting terrorism, which he began in Afghanistan.  He however, was goaded by the warmongering class in the Republican Party to go to war with Iraq, which, for what it is worth, is what this class of people wanted to do during the Clinton years, but was rebuffed repeatedly.  This caused, I feel, a distraction, as those who planned had this strange idea, that the invasion would be a cakewalk.  I believe it would be understood that we all know now that this was a very flawed idea.

Much of what I said above, would be considered, what I like to call, “rearview mirror quarterbacking.”  We all know this now, the problem is, where do he go from here?  The best thing that can happen is Obama follow through with his promises to follow Bush’s pull out timetable in Iraq.  We cannot continue to be the World’s police officer.  If Iraq has an upheaval over there, let them.  We did our part over there; we rooted the major player in the insurgency.  We toppled Saddam.  What happens after we have left is not our concern.  As for Afghanistan, if we can catch or kill Osama Bin Laden, fine do so.  However, if the Afghan Government and the Pakistani Government is that corrupt and does not want to be partner against the war on terror.  I say cut our losses and pull out the troops and leave.  Then send in specialized CIA assassins in there to hunt Osama Bin Laden down and kill him that way.  I just do not see the justification for our Military personnel dying for a Government that is corrupt to its core.  It just does not make any sort of sense to me at all.

Bottom Line:  President Obama should not be blame for any of the failures of any of these wars.  The President who started them should be blamed.  President Obama should continue the turnkey plan given him by Bush, and should implement a better strategy in the Afghan theater.  If the Governments of Afghanistan and Pakistan will not work with the United States on the capture or killing of Osama Bin Laden, then President should use the CIA to kill him.

Snort Worthy Story of the WEEK!: Jesse Jackson’s SUV Stolen in Detroit – Jackson in town promoting Green Jobs

I were to file this one under anything. It would be under, “Blaaaahahahahahahahahahahahahaw!”

The Video via WXYZ-TV in Detroit:

and the Story, Via the Michigan View at the Detroit News:

Add Jesse Jackson’s ride to prominent vehicles being stripped in Detroit.

Following the embarrassing news that Mayor Dave Bing’s GMC Yukon was hijacked by criminals this week, Detroit’s Channel 7 reports that the Reverend’s Caddy Escalade SUV was stolen and stripped of its wheels while he was in town last weekend with the UAW’s militant President Bob King leading the “Jobs, Justice, and Peace” march promoting government-funded green jobs.

Read that again: Jackson’s Caddy SUV was stripped while he was in town promoting green jobs.

Add Jesse to the Al Gore-Tom Friedman-Barack Obama School of Environmental Hypocrisy. While preaching to Americans that they need to cram their families into hybrid Priuses to go shopping for compact fluorescent light bulbs to save the planet, they themselves continue to live large.

“We need an economy that creates employment that can’t be shipped overseas,” the Green Rev wrote for CNN about the march. “Home-grown American labor will be installing windmills and solar panels. A green economy is not an abstract concept.”

Well, its certainly abstract to Jesse, but I digress.

Yeah, the labor would be; Jesse Jackson has not done a day of honest hard work in his entire life. Hell, I’ve worked harder than he will ever work. Oh, wait, Jesse Jackson has worked hard, yes, very hard. That is, if you consider running one’s mouth continually about how oppressed the black man is; and doing the continual race hustle that he is very much known for. Then, yes, he is a very, very hard working man.

Others giggling about this very funny story: AmSpecBlog, Red Dog Report and Weasel Zippers

This is one of those times, when you could not pay me to work in the White House

That’s right folks, the President and his Administration are in one hell of a huge bind. If they do not do something fast; they are going to be sunk come the midterms and possibly come 2012.

Here’s your video:

Visit msnbc.com for breaking news, world news, and news about the economy

Now, for the Stories….

Via the New York Times:

American businesses added more jobs in the last three months than originally estimated, but the wheels of the economic recovery are still spinning in place.

The private sector added 67,000 jobs in August, according to the Department of Labor, higher than consensus forecasts, and the government upwardly revised its numbers for June and July, suggesting that job creation was slightly stronger over the summer than originally reported.

But the continuing wind-down of the 2010 Census, as well as state and local government layoffs, led to an overall loss of 54,000 jobs in August.

With businesses adding about half the number of positions needed simply to accommodate population growth — much less dent the ranks of the jobless — the unemployment rate ticked up to 9.6 percent, from 9.5 percent.

“The overall picture is one where the labor market is still kind of treading water,” said Joshua Shapiro, chief United States economist at MFR Inc. “It’s better than sinking, but it’s certainly not surging ahead.”

Given the continuing addition of private jobs — albeit at a tepid pace — Friday’s monthly snapshot of the labor market seemed to calm fears of a double-dip recession. But the numbers are likely to do little to assuage political pressure on the Obama administration in the run-up to the midterm elections.

Speaking from the White House Rose Garden on Friday morning, Mr. Obama called the latest job report “positive news,” but said he would be unveiling “a broader package of ideas next week,” to shore up the flagging economy, although he declined to give specifics. The president once again urged Congress to pass a stalled bill that would offer tax breaks to small businesses and create a $30 billion program to encourage community banks to lend.

“There’s no quick fix for this recession,” he said. “The hard truth is that it took years to create our current economic problems, and it will take more time than any of us would like to repair the damage.”

Responding to the higher-than-expected private sector numbers and revisions, investors pushed up the major stock gauges. By early afternoon, the Standard & Poor’s 500-stock index was up 1 percent. Market reaction to the jobs data was tempered somewhat by a report that said growth in the services sector had slowed in August.

The Labor Department revised its private sector number for July, raising the number of jobs added to 107,000 from the 71,000 originally reported. And private sector hiring in June, originally reported at 83,000 and lowered to 31,000, was raised again to 61,000.

This is not making Democrats happy at all… Jack Tapper Reports:

Flanked by members of his economic team – including outgoing Council of Economic Advisers Dr. Christina Romer, whose replacement has yet to be named – President Obama chose to look at the silver lining in the economic clouds of today’s jobs report – not even mentioning that August saw a net job loss of 54,000 jobs.

“In the month I took office, we were losing 750,000 jobs a month,” the president said. “This morning, new figures show the economy produced 67,000 private sector jobs in August, the eighth consecutive month of private job growth. Additionally, the numbers for July were revised upward to 107,000. Now that’s positive news, and it reflects the steps we’ve already taken to break the back of this recession.”

The net job loss for August is largely because of the layoffs of 114,000 Census temporary workers.

….and from David Corn:

Democrats are spooked by recent polls and predictions indicating the GOP may slam the Dems so badly that the D’s lose the House and possibly the Senate. The Republicans need to gain 39 seats to seize the House, and it’s not difficult these days to find nonpartisan handicappers who predict the R’s could gain 40 to 50 seats. The conventional wisdom in D.C.: A tsunami is heading toward the Democrats. A Democratic strategist toiling on the party’s House efforts refers to working on the “Titanic” (though he claims there may be some hidden life rafts). “The president keeps saying it’s a tough environment,” says a Democratic House staffer. “We know that. We want to know what he’s going to do about it.”…

“He still wants to be seen as post-partisan and bipartisan,” says a House Democratic leadership aide. “But we’re in a fight here.” Democrats expect Obama to come out swinging nonstop — bashing the R’s repeatedly and proposing economic initiatives that actually register with voters. At the same time, members of the House Democratic leadership are worried that Obama will cave and yield to GOP demands that George W. Bush’s expiring tax cuts for the wealthy be extended. “If he doesn’t do something immediately, our members will be livid,” says a House Democratic aide. “And when there’s fear of a bloodbath, it’s never too early to start the blame game.”

I just blogged about how the Democrats can fix this mess. However, knowing them like they do; they would rather let the Nation suffer and blame the Republicans for the entire mess, while living large on the taxpayers dime —- than to actually do something to fix the problem. FDR did this, to a certain extent as have many other Democrat Party Presidents; I mean, it is not like Obama is going to be affected by any of this economic downturn.

One there is very certain, the tide is turning, Democrats had the chance to actually fix things and they have failed at it miserably. The Tea Party has now crystallized into a political force to be reckoned with — even among Republicans. RINO’s are being flushed out and true-blue Conservatives are being brought to the battle. It is so bad that the liberal media is gone to terrible spinning facts, an example:

It is possible that coming at the end of the summer an uptick in people looking for work is not as positive as it appears. This is the time of year, after two hot months, when recent graduates start to actually think about their future and send out resumes. And you can image many other out of work people deciding to take off looking for a job in the summer. In August, with the summer ending, some of those people started looking again in earnest. But you would expect the big uptick in post-summer people searching for work to come in September. So the fact that it is coming early is a good sign.

Oh Yes, it is that bad on that that side of the political aisle. When you start reading that sort of idiotic spin in a liberal publication, you know that things are horrifically bad right now for the Democrats. This midterm election and possibly in the general election; will most likely go down as the worst ever failure of the Democrat Party ever. The Democratic Party roared into power in 2006 to take the keys away from the Bush Administration, then they won the General election in 2008. They then got the entire key chain of the Country —- and proceeded to drive the Country as a whole over a cliff!  Because of that and because of this economic that we are in, which was, in fact, created by the Carter and Clinton Administrations; whom were, Democratic Party Administrations — we are about to see a major collapse of a party’s authority in the political realm. I have written here, time and time again; that the Democratic Party has horribly overreached…..again. This happens just about every time the Democrats get into power. To be fair and as non-partisan as I can be; Republicans have done it too — Nixon did it, Bush did it and some others. However, this administration took it to another more frightening level.  Because of this; they are about to do what many call, “Paying the Piper.”

The ship is sinking and the rats are jumping. It should be very interesting to watch. 2010 looms and they have no answers.

Welcome to the meltdown. Get popcorn. Hold on tight and enjoy the show.

(H/T to HotAir on the story leads for this posting. Good show AP! 😀 )

It is amazing what terrible economy will do to a Democrat President

If there is any truth to this; it can turn the most rabid Democrat into a Republican, real quick:

Administration officials have struggled to develop new economic policies and an effective message to blunt expected Republican gains in Congress and defuse complaints from Democrats that President Obama is fumbling the issue most important to voters. Following Obama’s vacation and focus on foreign policy in recent weeks, White House advisers have arranged a series of economic events for the president next week, including two trips to swing states and a news conference.

“We’ll continue to do everything we can, understanding that recovery will require persistent effort. There are no silver bullets,” senior Obama adviser David Axelrod said in an interview Thursday. “At the same time, we have to make clear our ideas and theirs, and the fact that the Washington Republicans, having helped create this recession, have attempted to block our every effort to deal with it.”

But with the unemployment rate expected to rise again in jobs numbers due out Friday, panic is setting in among many Democratic candidates who fear it is too late for Obama to convince voters that he understands the depth of the nation’s economic woes and can fix them.

[….]

Last November, Obama announced that he would turn his attention to unemployment, calling it “one of the great challenges that remains in our economy.” He declared the same intent two months later, telling House Democrats he would focus relentlessly on job creation “over the next several months.” Senior aides went on television pledging that the mantra would become “jobs, jobs, jobs.”

But other matters – health care, the BP oil spill – continually stole the limelight, creating the impression, some Democrats complain, that the president was barely focused on the economy at all.

His advisers described his attentiveness – noting, for example, that he discussed the economy with New York Mayor Michael R. Bloomberg (I) for 15 minutes before golfing – but got little traction.

“Obviously it’s going to be hard to get anything done before the election, but it’s really important for him to try, and to make the case to the American people that he’s trying to do something and the Republicans aren’t letting him,” said Steve Elmendorf, a Democratic strategist. “We are at the final moments here.”

Obama has another incentive to act: Tax cuts enacted during the George W. Bush administration are scheduled to expire in January, and Democrats – accused by Republicans of plotting to let them vanish – feel compelled to do something before the midterms.

Obama campaigned on a pledge to let cuts expire for the richest 2 percent of households, but some Democrats say the economy is too weak to raise anyone’s taxes right now. And they fear a backlash from small-business owners who could be hit with higher taxes.

Pairing targeted business tax breaks with an extension of middle-class tax cuts could help alleviate those problems.

This article alone, ought to be a lesson for any Democrat thinking about running for office. That raising Taxes in a recession, just does not work. Only tax breaks for the wealthy and making the business climate more healthy will help. Also cutting spending is another way to bring down inflation. This article alone, should be a text book example of why Keynesian Economics does not work in a recession, at all. If you tax businesses to death, you spur growth, if you spur growth, jobs disappear — it is a vicious cycle. Democrats have been making these same stupid mistakes for years.

Which is why we need to vote them out, come November of 2010. Especially here in Michigan, where job growth is desperately needed.

Judging Iraq, in the rearview mirror

I am not much one for armchair quarter backing. However, I am speaking the non-partisan truth about a subject.

This one happens to be one, that was central to my foray in to the world of blogging.

The Iraq War.

It seems that there are some, that are really trying to put a “Tire Shine” on the Iraq War. In that process, they are basically trying to rewrite facts and basically distort realities. Which is quite common for the Neo-Right. They have been doing that since Buckley arrived on the scene many years ago.

Here is David Brooks basically either trying to recover any Conservative credentials that he might actually still have, either that or trying to suck up to President Obama….. again:

The U.S. venture into Iraq was a war, but it was also a nation-building exercise. America has spent $53 billion trying to reconstruct Iraq, the largest development effort since the Marshall Plan.

So how’s it working out?

On the economic front, there are signs of progress. It’s hard to know what role the scattershot American development projects have played, but this year Iraq will have the 12th-fastest-growing economy in the world, and it is expected to grow at a 7 percent annual clip for the next several years.

“Iraq has made substantial progress since 2003,” the International Monetary Fund reports. Inflation is reasonably stable. A budget surplus is expected by 2012. Unemployment, though still 15 percent, is down from stratospheric levels.

Oil production is back around prewar levels, and there are some who say Iraq may be able to rival Saudi production. That’s probably unrealistic, but Iraq will have a healthy oil economy, for better and for worse.

Living standards are also improving. According to the Brookings Institution’s Iraq Index, the authoritative compendium of data on this subject, 833,000 Iraqis had phones before the invasion. Now more than 1.3 million have landlines and some 20 million have cellphones. Before the invasion, 4,500 Iraqis had Internet service. Now, more than 1.7 million do.

In the most recent Gallup poll, 69 percent of Iraqis rated their personal finances positively, up from 36 percent in March 2007. Baghdad residents say the markets are vibrant again, with new electronics, clothing and even liquor stores.

[…..]

Of course, to be honest, he’ll also have to say how fragile and incomplete this success is. Iraqi material conditions are better, but the Iraqi mind has not caught up with the Iraqi opportunity.

There is still very little social trust. Iraq is the fourth-most-corrupt nation on earth, according to Transparency International’s rating system. The role of women remains surprisingly circumscribed. Iraqi politicians clearly find it very hard to compromise (though they may be no worse than American politicians in this regard).

Human capital is lagging. Most doctors left Iraq after the invasion, and it is hard to staff health clinics. The engineers left too, so American-built plants lie dormant because there is no one with the skills to run them. Schools are suffering because of a lack of teachers.

Ryan Crocker, the former ambassador, recently wrote an article in The National Interest noting that fear still pervades Iraq. Ethnic animosities are in abeyance, but they are not gone. Guns have been put in closets, but not destroyed.

If he is honest, Obama will have to balance pride with caution. He’ll have to acknowledge that the gains the U.S. is enabling may vanish if the U.S. military withdraws entirely next year. He’ll have to acknowledge that bottom-up social change requires time and patience. He’ll have to heed the advice of serious Iraq hands like Crocker, Michael O’Hanlon of Brookings and Stephen Biddle of the Council on Foreign Relations, and shelve plans to withdraw completely.

Such a move may rob him of a campaign talking point. But it will safeguard an American accomplishment that has been too hard won.

Okay, that is fine. But what about the Billions of dollars that were lost in Iraq, that cannot be accounted for? Plus, since when is nation building something that is a cool thing to do? I know, as a Tax Payer, that I am not too happy about my tax dollars going to build a Country that will most likely turn against us again in the future. What brooks also fails to mention is the person that was responsible for the entire Iraq debacle, and that is President Bush.

On the subject of Nation building; Some are trying to make the comparison to to Japan and Germany. That is ludicrous on its very face.  The difference is, that the war on Japan and Germany were constitutionally declared wars, after the Empire of Japan attacked Pearl Harbor on December 7, 1941. On the other hand, Iraq never attacked us directly, and there was not a constitutionally declared war on Iraq. Just a decision by congress to authorize Bush to use Military action on Iraq, based upon a few pieces of what is now known as faulty information.  Oh, the Neo-Right will trot out some letter written to the second in command of Al-Qaeda about wanting to move against Kuwait. But there is no proof that Al-Qaeda even received the letter. Further more, Osama Bin Laden could not stand Saddam. Besides, that letter was written back in the 1990’s, after the first gulf war. So, that so-called evidence linking Saddam to 9/11 is weak, very weak.

Ed Morrissey also flirts with the subject as well, and also gets it wrong:

When the story of this war gets written, most will lay the responsibility on the President who fought it the longest, George W. Bush, and we will see a slew of analysis over the next week that insist he paid too high a price for his neoconservative adventure.  However, perhaps later, cooler minds will prevail and put this in proper perspective.  We had two choices in 2003: either remove Saddam Hussein or abandon Iraq to him.  The coalition that imposed military limits on Saddam was falling away, and the sanctions regime had become so corrupt that it made Saddam a multibillionaire in his personal fortunes.  His sons were poised to succeed him in this reign of terror.  Our twelve-year truce had been repeatedly violated by Saddam, who also attempted to assassinate a former President, and we had done nothing to  address any of it.

The follow-up nation building in which we engaged can also be debated, but again, we had little choice in the matter.  We either needed to stay in Iraq to raise up a new government and army, or watch as Iran seized control through the Mahdi Army or Iraq became a Somalia in Southwest Asia.  Either of those outcomes would have been orders of magnitude worse than our occupation over the last several years.  The management of the occupation was certainly debatable, but once we invaded, we had no other choice but to see it all the way through.

In fact, the die was cast in this case twenty years ago when the George H. W. Bush administration stood up to Saddam Hussein and demanded his withdrawal from Kuwait.  The decision to leave Saddam in place created the twelve-year Phoney War that followed, and left the choice of either surrender or victory to one of Bush’s eventual successors.  In the end, the war removed a brutal dictator who was murdering his own people at a far faster rate than the war did and over a much longer period of time and who, left to his own devices, would have beaten the Iranians to a nuclear weapon with equally disastrous implications.  The freely-elected but still dysfunctional government in Baghdad is at least a bright spot of hope in a dismal region, if we can remain committed enough to nurture it through friendship.  That is what our men and women fought and bled to create, and it’s to their honor that it exists today.

Where he gets it wrong is here:

The coalition that imposed military limits on Saddam was falling away, and the sanctions regime had become so corrupt that it made Saddam a multibillionaire in his personal fortunes.  His sons were poised to succeed him in this reign of terror.

…..

We either needed to stay in Iraq to raise up a new government and army, or watch as Iran seized control through the Mahdi Army or Iraq became a Somalia in Southwest Asia.

See the problem with all that is this here. We overthrew a dictator, and broke up that Ba’ath Party leadership. However, we created a quasi-unity Government over there, which is very fragile. We also installed, or as the Neo-Right likes to call it; voted in, another basic dictator, who is friendly to the United States. The Iraqi Government, I personally predict, will collapse once all of the American military units, of all sorts, are out of Iraq come 2011. What will happen then, is this, there will be an all out civil war in that Country. The faction there that is loyal to Iran will win, and Iraq will align itself with Iran and will then begin the process to harboring terrorists to mount attacks on Israel and ultimately the United States.

So, in closing, we did not stop Iran from invading Iraq and creating havoc in the region. We just made it a little more difficult to carry out. But know this, it will happen and someday, someone is going to say, “Why didn’t we just leave that Country alone?” and when the next huge terrorist attack happens here in America, and we discover that the terrorists trained in Iraq. We will have no one to blame — but ourselves.

Corruption of the Democrats strikes again!

Man, there are just no honest Democrats anymore are they?

Longtime Dallas congresswoman Eddie Bernice Johnson has awarded thousands of dollars in college scholarships to four relatives and a top aide’s two children since 2005, using foundation funds set aside for black lawmakers’ causes.

The recipients were ineligible under anti-nepotism rules of the Congressional Black Caucus Foundation, which provided the money. And all of the awards violated a foundation requirement that scholarship winners live or study in a caucus member’s district.

Johnson, a Democrat, denied any favoritism when asked about the scholarships last week. Two days later, she acknowledged in a statement released by her office that she had violated the rules but said she had done so “unknowingly” and would work with the foundation to “rectify the financial situation.”

Initially, she said, “I recognized the names when I saw them. And I knew that they had a need just like any other kid that would apply for one.” Had there been more “very worthy applicants in my district,” she added, “then I probably wouldn’t have given it” to the relatives.

via Rep. Eddie Bernice Johnson violated rules, steered scholarships to relatives — Dallas Morning News.

Dr. Martin Luther King Jr. Said just those by the content of their character and not by the color of their skin. Okay, so I will. Throw that black bitch in jail and throw away the key!

Because the first Stimulus worked so wonderfully well!

Some liberal moron over at the New York Times thinks it is time for a second stimulus! Because the first one worked so oh wonderfully well! 🙄

OUR national debate about fiscal policy has become skewed, with far too much focus on the deficit and far too little on unemployment. There is too much worry about the size of government, and too little appreciation for how stimulus spending has helped stabilize the economy and how more of the right kind of government spending could boost job creation and economic growth. By focusing on the wrong things, we are in serious danger of failing to do the right things to help the economy recover from its worst labor market crisis since the Great Depression.

The primary cause of the labor market crisis is a collapse in private demand — the same problem that bedeviled the economy in the 1930s. In the wake of the financial shocks at the end of 2008, spending by American households and businesses plummeted, and companies responded by curbing production and shedding workers. By late 2009, in response to unprecedented fiscal and monetary stimulus, household and business spending began to recover. But by the second quarter of this year, economic growth had slowed to 1.6 percent, according to a government estimate issued Friday. Clearly, the pace of recovery is far slower than what is needed to restore the millions of jobs that have been lost.

via Op-Ed Contributor – Why We Need a Second Stimulus – NYTimes.com.

When are these farking liberal morons going to ever learn? That is that Keynesian pump priming of the economy just does not work at all.  You would think that by now the Liberals would have figured that out. Heck, even a liberal blogger thinks that is a bad idea! When the liberals are saying, “Dude, you are wrong,” then I believe that is a good sign to frankly give it up.

I’ve said this a good number of times on this blog, and I will most likely say  it another good hundred times. Liberalism is a MENTAL DISORDER! Micheal Savage said it first, and man, is he ever right.

Sorry, but, no one rescued me

I feel the need to write about this, but I am not. I am going to post a video reply.

Over at “The Other McCain”, I saw this headline:

EMERGENCY: SAVE STOGIE!

Aside from the “ZOMG! Eleventy!!!!” element to it. I didn’t think much of it. So, I went over and looked:

Home foreclosures are continuing at a brisk pace, according to an article by McClatchy News.   Many of the first foreclosures that began three years ago, when the housing bubble began to burst, were for subprime mortgages.  Now, however, a fresh batch of foreclosures is occurring because people have lost their jobs and can’t pay them.  I am now in that category.  I didn’t pay my July mortgage payment and probably will miss August as well.  I haven’t been answering the phone, which rings constantly from bill collectors.

Our savings kept us afloat for a year.  When it was gone, I borrowed the equity out of my life insurance.  That’s gone too.  We were hoping to ride out this recession, to survive until it was over.

This prompted a back and forth between me and Robert Stacy McCain:

Pat
July 31st, 2010 @ 6:30 am

Meh, No pity…

Maybe Rupert Murdok or one of his Zionist friends can bail him out.

—-

Robert Stacy McCain
July 31st, 2010 @ 6:50 am

Dammit, Pat, if you knew what a great guy Stogie is, you wouldn’t say useless crap like that. I was tempted to delete your comment, but I’ll leave it up, just to chastise your conscience when you see the testimonials to Stogie’s valiant character.

Pat
July 31st, 2010 @ 7:10 am

I’m sure he is a great guy. But nobody bailed my ass out when I was over 18 grand in the hole back in 2004. I filed for chapter 7 and started over.

I’m just sayin’…

Of course, McCain’s sock puppets came out in full force against me; which is of no surprise.

Here’s my video reply on the subject and my apologies in advance for the poor audio quality and picture:

That’s my opinion, and I welcome yours.

Paul Ryan and Chris Matthews holler at each other about spending

(H/T HotAir)

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