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Posts Tagged ‘economy’

Illegal aliens harm all Americans because they depress the average wage, resulting in American workers having to accept lower wages to compete with the illegals. The Americans who are hurt the most are those at the bottom of the ladder who need minimum and near-minimum wage jobs that immigrants will take for below minimum wages.

The Elite Just Don’t Get It!

Every person in America who pays taxes (you and me) is harmed by illegal aliens because we must pay higher taxes for jobless benefits and other welfare paid to US citizens who are displaced from jobs by illegal aliens.

Every person in America who pays taxes (you and me) is harmed by having to pay higher taxes to pay welfare benefits for “Anchor Babies” and their illegal families. Right now Progressives are all over the Lame Street Media whining about “Are you going to deport the US citizen children of illegal aliens when you deport their parents?” First, and this is so wrong on so many levels, the actual practice of the government is not to deport anyone who has an anchor baby. That is why they are called “anchors.” Spit out one baby and the whole family gets to stay in the US.

That is so wrong. We should deport the entire family. We should repeal the 13th Amendment (check number)

The Lame Street Media are running footage of an illegal alien girl around age twenty who is whining that under the new Arizona law she will live in fear that she might be deported. This truly inappropriate illegal girl continues that she should be made a citizen because she graduated high school and has almost finished college and wants to work with helping autistic children.

This woman has gotten a free education from the taxpayer while working US citizens go broke paying for their children’s college tuition. Then she wants a government job, to be paid by US citizen taxpayers.

I want that job to go to the US citizen taxpayers, not to an illegal alien who has been freeloading on the hard-pressed US taxpayer for her entire life.

And the bitch does not even realize that she has taken advantage of us! She is the product of “social justice.” She believes that social justice means that anyone in the whole darn world is entitled to a free education at the expense of the US taxpayer, and is then entitled to a high pay, and even higher benefits government funded job. In other words, her idea of social justice is the we the US citizen taxpayers support her for her entire life.

My thought is to criminally prosecute her for grand theft from the US taxpayers, and lock her fat butt up into a work camp until she repays the US taxpayer for all the benefits which she received illegally. Then let her go back to Mexico and work with Mexican autistic children at the expense of the Mexican government, not us.

Oh, and let us not forget that the autistic children that she wants us to pay her to care for, were probably caused by their mothers using illegal drugs smuggled into the US by illegal alien smuggling rings, and distributed by Mexican crime gangs.

Finally, yes, we should deport the entire family, including the anchor babies, when any family member is found to be here illegally. Especially, we should deport the entire family when the mother is legal, the children are anchor babies, and the father is illegal. Otherwise we are encouraging illegal studs to sneak in and knock up somebody and stick the taxpayer for twenty generations of welfare families. Remember, we have half a century of experience with welfare families. Once on welfare, always on welfare, generation after generation after generation. Don’t let it get started. Deport every anchor baby and all their parents.

Otherwise we the taxpayers will always, always, get farther and farther into debt, paying perpetual welfare as part of social justice and redistribution.

Enough is enough!

We should bring the troops home from the Middle East and put them on the Mexican border, so when Sheriff Joe Arpaio kicks her and her friends’ illegal butts over the border, they cannot walk back in.

That Is How America’s Best Crime Prevention Program Just Happens To Be A Tax Reduction Program

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There is an old joke that if you asked Congress to design a mouse, you would get an elephant. But that pales in comparison to what would happen if you asked Obama to slim down the budget:

http://cuteoverload.com/2009/04/17/i-shall-call-him-mini-blorp/#comment-326966

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wow!!
Obama will give up to $8,000 or less if you trade in a car 8 years old for better mileage new cars.

Of course, this is regressive because Acorn members don’t buy new cars, and the price of junks will go up because my kids will go buy $300 junks and trade them in for $8,000, but, hey, its for the economy.

And you cannot raise taxes unless you give money away on brainless schemes.

Any time the government intervenes in the economy to “make life better” or to stimulate an industry, the government always does more harm than good.

Still I will trade in my 19 year old perfect condition car for a brand new one because after the $8,000 Obama is offering today I can get a brand new car for $11,000 to $12,000

Gee? Is that too good to be true?

Do you think GM and F will raise prices on new cars and eliminate anll the cash back incentives so that a Taurus that I could have gotten yesterday for

MSRP            $22,500
Cash back         2,500
trade in          3,500
Negotiation/      2,000

March 22, 2009   14,500
After Cash for Clunkers
MSRP             $24,500
clunker            8,000

April 1, 2009     16,500

So I will pay $2,000 more for the car plus $6,000 more in taxes
My taxes will go up to pay the $6,000 to Ford

Way to go, food stamp baby President.

Change you can believe in.

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To see the graphical representation of this prediction, click on http://bigcharts.marketwatch.com/

 select:  advanced charts with  nasdaq as symbol

 10 years with frequency monthly

charts style candlestick

 Notice that in Oct Nov Dec of 2001 there was a 700 point, 51 percent  percent rally from the December 2001 low of 1387 up to  almost 2100.

That was a much larger rally than the current fools’ rally which is only 21 percent so far.

BUT the 2001 fools’ rally was followed by a 52 percent, 990 point drop down to 1108 on the Nasdaq index.

 The March 2009 low was 1265, and today the Nasdaq index is 1453.

 

My thesis is that this is a long term bear market. If I am correct than the current rally must drop down to the December 2001 low of 1450 and test that low before the Nasdaq market can  stay higher.

 

Most likely we will fail that test and drop to 1,000 or lower on the Nasdaq.

Personally, my family is 100 percent in insured bank deposits and short term treasuries. Munis are too risky right now.

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Obama’s approach to “saving” the economy is pure Leninist Communism

The facts are that the “working class” in the US is really two classes:

First Class are the Democrats who both as individuals and legislators spend more than they earn and are deeply in debt

Second class are the Republicans who as individuals and legislators save by spending less than they earn

Inflation rewards the Democrats/debtors and punishes the Republicans /savers by stealing the value of our savings and paying us nothing on our savings and then raising taxes on our investment income

Inflation is a regressive tax that steals from savers and rewards debtors

And that destroys every economy

Inflation cause wars and revolutions and one term Presidencies.

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The Obama Stock market is soaring on new home sales’ 4.7 Percent increase in January, but if you are experienced in how to read economic reports in detail, in reality the sales report is terrible. Consider the following:

Government statisticians have low confidence in the monthly sales report, which is subject to sizable revisions as well as large sampling and other statistical errors.

The median sales price fell to $200,900, down a record 18.1% compared with February 2008. This is the lowest median price since December 2003.

 Inventories of unsold homes  in February represent a 12.2 month supply at the current sales pace, another record on the wrong side.

The government revised January’s sales pace for new homes to 322,000 units, the record low for the series that started in 1963.

GOT THAT? JANUARY SALES ARE THE LOWEST SINCE 1963!

The February level is the second lowest level on record.

Wall Street has to be insane to consider these numbers encouraging.

January and February are the two lowest sales levels in history, and the difference between the two months is sampling error.

But wait, it gets even worse: The figures may overstate the level of sales, because they count canceled sales contracts, which have jumped in the past year.

Anyone who buys stocks based on this report deserves to get the Obama Rate of Return, ZerObama.

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Every Presidential press conference in my lifetime has been characterized with the reporters hollering for the President’s attention, but not with Obama! The reporters waited in uncharacteristic stoic silence, without even a hand gesture, as Phony Obama read each reporter’s name off the new giant teleprompter.

Then each reporter read the question that had been prearranged and rehearsed in advance, and Obama read the answer that David Axelrod and Gibbs had written for him.

Now that Obama’s slavish bond to the teleprompter has generated a website mocking him and his teleprompter, Axelrod banished the normal reflective glass teleprompters from the front of the podium to avoid the mockery.

But Brainless Barry cannot speak without a script, so they set up a giant TV screen behind the reporters, displaying the script exactly as it would appear on the old fashioned teleprompter.  Obama slavishly read every word that he spoke from the giant TV screen. They even faked the girl pretending to be surprised when he called her name.

To continue the theater, they even had Barry fake impatience with the question about why he waited days before commenting on AIG. What a fake joke! AIG is nothing but a sideshow to distract us from the real disaster, the trillions and trillions of dollars of deficits that even France, Russia and China cannot stomach. Even these Socialist nations comprehend that Obama is destroying the value of our currency, and these nations want some new currency that will be worth more than a “25 cents on the dollar Obama Dollar.”

The Ten Dollar loaf of bread and Ten Obama Dollar gallon of gas will happen during Barry’s first term.

Is it legal to refer to our black President as “slavish?” But he is enslaved to the teleprompter, no matter what its form.

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After all the clownshows in Congress, we have now learned that approval for the AIG bonuses were in fact added to the Obama Stimulus Package by Obama Staff Geithner.

To this distracting provocation, add Obama’s punch drunk performance on 60 Minutes, Obama’s insult to Special Olympics and laughter about the economic disaster on Jay Leno, and the Democratic Party financed and organized phony street demonstrations outside AIG headquarters.

The total money for AIG bonuses is too small to calculate. AIG is a meaningless circus. The bonuses are totally unimportant. But like a magic show, this irrelevant controversy is being used to distract us from the real action, the real mischief being done behind our backs while we look in the wrong direction.

The sum total is a giant clownshow of distractions, a SMOKESCREENto distract us from Rahm Emanuel and David Axelrod strong arming Congress to pass (A) the most Titanic socialist budget in all history and (B) the provision to let Obama’s Treasury Dept. take over companies that are not covered by FDIC Insurance.

Together, these tactics make Adolp Hitler’s Brown Shirts and George Orwell look like amateurs.

The Progressive Liberal Extreme Left and Obama are masterminding the biggest takeover of government powers and procedures ever imagined.

After Obamaniac’s $10 trillion of deficits destroys both our currency and our economy, the only “Crisis too good to not be usedabused” of worthless dollar in international trade, Obama and Soros will unite for One World Order, a single government and a single currency.

Then the UN will get its power to tax the entire world one percent (TO START ? ? ?)

Change You Can Believe In.

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People should ask: just what are the hedge fund buddies of Geithner adding to the economy under this plan?

Geithner’s drinking buddies are putting up ten percent of the money, but are getting a government guarantee against losses.

Taxpayers are putting up most of the money plus guaranteeing Obama’s contributors against most losses.

SO WHY INVOLVE OBAMA’S CONTRIBUTORS AT ALL?

If they are not putting up the money in size or taking the risk, why is Obama making them rich? Because they contributed to his campaign?

It appears as if Geithner’s drinking buddies will get almost all the potential gains in exchange for putting up almost none of the money!

Just another case of crooked politicians making their buddies rich at the taxpayers expenses.

Change you can believe in. No other politician ever dared such a rape of the taxpayers to benefit his political contributors.

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No business cycle is complete until corporate tech budgets have been slashed, and no bear market has ever been completed until tech stocks have been wiped out.

Corporate tech budgets have barely been touched so far, but the Semiconductor Industry association has said new orders for chips are down 50 percent.

When revised figures for tech budgets for business come out soon, the tech heavy Nasdaq will slash and burn.

Today, Firday march 6, 2009, Nasdaq opened higher, then by 11 AM had retreated 40 points off its high. I predict a  lower Nasdaq close than the current 1,279.

Many Nasdaq giants such as Mister Softee and Intel are major components of the S&P 500 Index, so it is likely to drop to 600 from its current 676.

Obama told us to buy stocks a few days ago. Sure hope he knows more about the economy than that FUBAR.

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