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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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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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Called on the Carpet because words matter.

Big Guy just called Secretary of Homeland Security Janet Napolitano into his office and really chewed her out. I don’t think I’ve ever seen him this mad … ever.

What set him off was a speech Napolitano gave where she referred to terrorist attacks as “man-caused disasters”, and her insistence to the media that going forward this term is what will be used by the Obama Administration to avoid playing the politics of fear.

I’ve never been so proud of Big Guy than when he laid into Janet, telling her “man-caused disasters” was unacceptable under any circumstances. Going forward, we’ll be using “individual-caused disaster” to ensure we fulfill our pledge to our fellow citizens of the world that we will be a gender-neutral Administration.

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Janet Porter, writing for WorldNetDaily.com, raises additional issues. This may be convoluted, but it is well-worth examining, if only to see the tangled web Obama has woven for himself and the American people.

“‘There’s the matter that Obama traveled to Indonesia, Pakistan, Southern India and Kenya in 1981. He said he went to Indonesia to see his mother. This seemed plausible, except for the fact that his mother returned to Hawaii in August of 1980 to file for a divorce from her second husband, Lolo Soetoro. Unless she went back to pal around with the man she divorced, she wasn’t there at the time of Obama’s visit.”

“‘There’s another problem. No record of Obama holding an American passport prior to the one he received once becoming a U.S. senator has been found. If he traveled to Pakistan with an American passport, he wouldn’t have been allowed in – since Pakistan was in turmoil in 1981 and under martial law. It was also on the State Department’s travel ban list for U.S. citizens… . If he couldn’t get into Pakistan with a U.S. passport, perhaps he went there with an Indonesian passport. But the only way you can get one of those is if you are an Indonesian citizen.'”

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Only in America ……do drugstores make the sick walk all the way to the back of the store to get their prescriptions while healthy people can buy cigarettes at the front.


Only in America …..do people order double cheeseburgers, large fries, and a diet coke.


Only in America …..do banks leave both doors open and then chain the pens to the counters.


Only in America …..do we leave cars worth thousands of dollars in the driveway and put our useless junk in the garage.


Only in America ……do we buy hot dogs in packages of ten and buns in packages of eight.


Only in America …….do they have drive-up ATM machines with Braille lettering.


EVER WONDER …


Why the sun lightens our hair, but darkens our skin?


Why women can’t put on mascara with their mouth closed?


Why don’t you ever see the headline ‘Psychic Wins Lottery’?


Why is ‘abbreviated’ such a long word?




Why is it that doctors call what they do ‘practice’?


Why is lemon juice made with artificial flavor, and dishwashing liquid made with real lemons?


Why is the man who invests all your money called a broker?




Why is the time of day with the slowest traffic called rush hour?


Why isn’t there mouse-flavored cat food?


Why didn’t Noah swat those two mosquitoes?


Why do they sterilize the needle for lethal injections?


You know that indestructible black box that is used on airplanes? Why don’t they make the whole plane out of that stuff?!


Why don’t sheep shrink when it rains?




Why are they called apartments when they are all stuck together?


If con is the opposite of pro, is Congress the opposite of progress?


If flying is so safe,
why do they call the airport the terminal?

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Here is a link to a great article

http://fwcon.wordpress.com/2009/03/07/obama-presidency-is-over/

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