Fox News Host Neil Cavuto Tells Trump He Stinks In Fiery Takedown
Showing posts with label CNBC. Show all posts
Showing posts with label CNBC. Show all posts
Monday, May 7, 2018
Wednesday, March 14, 2018
King Dollar
 |
| Larry Kudlow |
Larry Kudlow will take the job of top economic advisor to President Donald Trump.
From our perspective, this is an excellent choice!
We have been longtime fans of Kudlow, reaching back through his long tenure with CNBC back to his days with the Reagan administration.
What Trump will find in Kudlow is a smart economist who has been around the block, a man steadfast in beliefs having witnessed their successes over decades. Additionally, Trump will benefit from Kudlow as a respectful and honest broker in debate, which will serve President Trump and our nation well.
As Kudlow is famous for noting, "Free Market Capitalism is the Best Path to Prosperity."
Tuesday, February 21, 2017
Bye Brenda
Neil Cavuto said of Brenda Buttner: "She took stock of life much more than any stock in life. It's what separated her from everyone else in this business. Not just dollars, you see, Brenda had depth. Let it be known that Brenda Buttner made us want to watch a business show with heart. Her heart, her spirit. She democratized dollars and just made sense."
I watched and appreciated Brenda for a better part of two decades, from her start over at CNBC to her last work at FNC and FBN.
No doubt, I will certainly miss her, and always think of her during Bulls and Bears.
Fox News Channel's Brenda Buttner Passes Away
I watched and appreciated Brenda for a better part of two decades, from her start over at CNBC to her last work at FNC and FBN.
No doubt, I will certainly miss her, and always think of her during Bulls and Bears.
Fox News Channel's Brenda Buttner Passes Away
Thursday, October 29, 2015
Media Exposed
 |
| CNBC Panel/Carl Quintanilla, Becky Quick & John Harwood |
CNBC used to be a respected network which brought America the financial news it sought well beyond the three major networks. Certainly, there has always been rivaling political presence among the hosts on the network, held in adequate check in years past.
But in the last half decade or so, CNBC has turned into a biased arm of NBC News, which is no longer credible as a unbiased presenter of the truth. There are still good people over at CNBC, most notably Bill Griffith, Sue Herera, Jim Cramer, Joe Kernen and the wonderful Larry Kudlow. But given what America witnessed last night, and make no mistake the suits over at the network are thrilled placing a much higher value on political positions than profits or God forbid the truth, they may not have the lights on much longer.
Several former employees have made their way over to FOX Business Channel, inclusive of Neil Cavuto, Stuart Varney, Lou Dobbs, Eric Bolling, Trish Regan, Melissa Francis and the "Money Honey", Maria Bartiromo.
Becky Quick used to be quite good, but the arrogance dripping off her blouse last night flooded the stage. Carl Quintanilla has seemingly gone the way of Tom Costello (now at NBC News), a good reporter who reached certain status and turned political.
John Harwood, a supposed new representative of parent NBC News who gleefully baths in Barack Obama's bathwater, has a long history of partisan journalism. Harwood extended himself so far out last night, he arrogantly lied on the issue of Marco Rubio's tax plan. I wonder how many Americans thought he may have a point no doubt missed Megyn Kelly pointing out Harwood's lie.
Jim Cramer, and animated truth teller Rick Santelli, got a few questions in an effort to stem accusations of bias, but it failed miserably to work.
Senator Ted Cruz, R:TX, had enough and called the panel out.
The comments made by Cruz received the highest register among the polling by Frank Luntz of Luntz Global since he began charting responses in 1996.
Incidentally, the second highest rating came when Sen. Marco Rubio, R:FL, labeled the mainstream media a Hillary Clinton Super PAC.
BAM! The truth just hit everyone across the forehead with a two by four.
The media was given special privileges to operate to keep the three branches of government in check. As Rubio, and Cruz, pointed out last night with lethal precision, that has not bee the case in America for some time.
It is among the many reasons America is now suffering, falling significantly short of reaching her potential. As such, these individuals who are part of the propaganda machine protecting the elected officials operating in contempt of our Constitiution should be considered enemies within.
Monday, August 17, 2015
Folks Are Placed In A Stranglehold
An article turned up on CNBC today that seemed to catch many economists and pundits by surprise, although it has been painfully obvious to anyone not slanted with Obamavision for over half a decade.
Please see the following pull quotes from the piece, which notes a what can only be described as increasing economic issues that are not only delaying millennials from purchasing a home, but from fully achieving milestone of life.
"The typical first-timer now rents for six years before buying a home, up from 2.6 years in the early 1970s, according to a new analysis by the real estate data firm Zillow. The median first-time buyer is age 33—in the upper range of the millennial generation, which roughly spans ages 18 to 34. A generation ago, the median first-timer was about three years younger.
The delay reflects a trend that cuts to the heart of the financial challenges facing millennials: Renters are struggling to save for down payments. Increasingly, too, they're facing delays in some key landmarks of adulthood, from marriage and children to a stable career, according to industry and government reports".
The greater majority of the issues plaguing the millennials, and the entire economy, are due interactions of the government. Among the negative governmental influences have been the flooding of the market with money, which devalues assets and is inflationary, increasing taxation and regulation, attacks on small businesses and increasing infiltration in markets creating inefficiencies.
Due to these improper, and in many cases illegal decisions, the economy has been in an orchestrated decline. Our opinion for the reasons the administration would engage in such activity centers around the administrations effort with regard to the transformation of wealth, both an a micro domestic and macro global level.
At any rate, there have been scores of negative byproducts from these efforts, and for those seeking home ownership and unable to make that jump and boxed in the rental market, it should not come as a shock that rental rates are skyrocketing, hitting "crazy levels". As such, escape from this viscous circle becomes increasingly more challenging, and folks are placed in a stranglehold.
As, professionally, we operate in this space, we so appreciate those that have chosen one of our properties to make their home over the years, but we note with sadness the increasing degree of difficulty faced by those who seek to climb the latter and purchase a home.
The economy is a wreck, and expenses and inflation are outpacing rises in income for those who do have meaningful full time employment, which decreases monthly with 94 million Americans underemployed or unemployed.
We know who is responsible for placing hard working Americans in this status, although many do not given the propaganda put forth by a complicit media and outright lies being told by Obama administration officials (unemployment rate is top example).
Elections have consequences, and we are paying a heavy price for 2012.
Please see the following pull quotes from the piece, which notes a what can only be described as increasing economic issues that are not only delaying millennials from purchasing a home, but from fully achieving milestone of life.
"The typical first-timer now rents for six years before buying a home, up from 2.6 years in the early 1970s, according to a new analysis by the real estate data firm Zillow. The median first-time buyer is age 33—in the upper range of the millennial generation, which roughly spans ages 18 to 34. A generation ago, the median first-timer was about three years younger.
The delay reflects a trend that cuts to the heart of the financial challenges facing millennials: Renters are struggling to save for down payments. Increasingly, too, they're facing delays in some key landmarks of adulthood, from marriage and children to a stable career, according to industry and government reports".
The greater majority of the issues plaguing the millennials, and the entire economy, are due interactions of the government. Among the negative governmental influences have been the flooding of the market with money, which devalues assets and is inflationary, increasing taxation and regulation, attacks on small businesses and increasing infiltration in markets creating inefficiencies.
Due to these improper, and in many cases illegal decisions, the economy has been in an orchestrated decline. Our opinion for the reasons the administration would engage in such activity centers around the administrations effort with regard to the transformation of wealth, both an a micro domestic and macro global level.
At any rate, there have been scores of negative byproducts from these efforts, and for those seeking home ownership and unable to make that jump and boxed in the rental market, it should not come as a shock that rental rates are skyrocketing, hitting "crazy levels". As such, escape from this viscous circle becomes increasingly more challenging, and folks are placed in a stranglehold.
As, professionally, we operate in this space, we so appreciate those that have chosen one of our properties to make their home over the years, but we note with sadness the increasing degree of difficulty faced by those who seek to climb the latter and purchase a home.
The economy is a wreck, and expenses and inflation are outpacing rises in income for those who do have meaningful full time employment, which decreases monthly with 94 million Americans underemployed or unemployed.
We know who is responsible for placing hard working Americans in this status, although many do not given the propaganda put forth by a complicit media and outright lies being told by Obama administration officials (unemployment rate is top example).
Elections have consequences, and we are paying a heavy price for 2012.
Monday, May 11, 2015
Cash is King
Recently, trial balloons regarding the move to a cashless society have been appearing in various media outlets. Among those who champion this effort are Bill Gates, an elite progressive who along with his colleagues conclude that the ruling class can make your decisions better than you can, given their elite intellect.
While a cashless society seems pretty cool and reasonable on many fronts, including efficiency, the effort to push the idea is not by accident, and should be considered yet another clandestine effort to seize additional control over the citizenry.
In the aftermath of the housing bubble crash of 2008-09, which decimated wealth and left the economy staggering, President Obama and his team, in concert with the FED, made incorrect decisions that are cascading negatively behind the scenes.
The stock market has almost tripled since '09, which is good news; unless you note the money supply is up over 5 fold during that time making your investment worth less. Legalized theft. So, all the big banks got bailed out, but who bailed you out? Nobody.
The slate is indeed about to be wiped clean, and arenas to hide in are very limited, and the collective damage could knockout the US economy, which would likely have a nasty ripple effect globally. Would the IMF step up to bail the FED out, and what price would US sovereignty pay for such action?
Or will you bail the US out?
In 2013, the Cyprus government took, or stole, approximately 10 percent of cash deposits from its citizenry without consent as a described "bail-in" to help the crumbling economy gain solvency. Should the United States suffer an unprecedented crash, don't think for a moment it could not happen here. It would be much easier for the government to seize cash in a digital economy than to confiscate cash from the citizenry.
But that is not all.
Have you ever had a credit card cancelled, or had your available charge amount decreased? In a cashless society, just so to limit risk on potential defaults, your purchases may be declined by the ruling class who deem you incapable of making correct low risk purchases.
With the government in charge of health care, items in your grocery cart may be declined for purchase because they do not fit the dietary regime you have been placed on by the food police. No chocolate cookies for you!
That new 6.2L 426-horsepower V8 Chevrolet Camaro you have been saving for simply does not meet the common guidelines for fuel mileage and is deemed a threat to the governmental efforts in combating global climate change; therefore, that purchase will not be granted through your bank. And cash is not legally accepted.
The list could go on, and on, and on.
While progressives make the push for a cashless society to become a reality, many are aware of the ominous threat to our freedom it really is. Martin Armstrong, over at his Armstrong Economics blog, has an in-depth and outstanding piece where he discusses The New Age of Economic Totalitarianism.
Signature Bank Chairman Scott Shay was recently on CNBC discussing this topic, and wrote an essay noting the wide ranging threat to our freedom a cashless society is. As noted in the excellent piece attached, it would be most wise to keep your hand invisible to an oppressive and untrustworthy government.
"This would be the ultimate form of control. Because – without access to money – people couldn’t resist, couldn’t hide and couldn’t escape".
Forget going off the grid with any measurable success.
While a cashless society may ring logical to many, for those who embrace freedom, cash should always remain the base of financial operation in free markets eliminating potential manipulation.
After all, cash is king!
While a cashless society seems pretty cool and reasonable on many fronts, including efficiency, the effort to push the idea is not by accident, and should be considered yet another clandestine effort to seize additional control over the citizenry.
In the aftermath of the housing bubble crash of 2008-09, which decimated wealth and left the economy staggering, President Obama and his team, in concert with the FED, made incorrect decisions that are cascading negatively behind the scenes.
The stock market has almost tripled since '09, which is good news; unless you note the money supply is up over 5 fold during that time making your investment worth less. Legalized theft. So, all the big banks got bailed out, but who bailed you out? Nobody.
The slate is indeed about to be wiped clean, and arenas to hide in are very limited, and the collective damage could knockout the US economy, which would likely have a nasty ripple effect globally. Would the IMF step up to bail the FED out, and what price would US sovereignty pay for such action?
Or will you bail the US out?
In 2013, the Cyprus government took, or stole, approximately 10 percent of cash deposits from its citizenry without consent as a described "bail-in" to help the crumbling economy gain solvency. Should the United States suffer an unprecedented crash, don't think for a moment it could not happen here. It would be much easier for the government to seize cash in a digital economy than to confiscate cash from the citizenry.
But that is not all.
Have you ever had a credit card cancelled, or had your available charge amount decreased? In a cashless society, just so to limit risk on potential defaults, your purchases may be declined by the ruling class who deem you incapable of making correct low risk purchases.
With the government in charge of health care, items in your grocery cart may be declined for purchase because they do not fit the dietary regime you have been placed on by the food police. No chocolate cookies for you!
 |
| 2015 V8 Chevy Camaro |
The list could go on, and on, and on.
While progressives make the push for a cashless society to become a reality, many are aware of the ominous threat to our freedom it really is. Martin Armstrong, over at his Armstrong Economics blog, has an in-depth and outstanding piece where he discusses The New Age of Economic Totalitarianism.
Signature Bank Chairman Scott Shay was recently on CNBC discussing this topic, and wrote an essay noting the wide ranging threat to our freedom a cashless society is. As noted in the excellent piece attached, it would be most wise to keep your hand invisible to an oppressive and untrustworthy government.
"This would be the ultimate form of control. Because – without access to money – people couldn’t resist, couldn’t hide and couldn’t escape".
Forget going off the grid with any measurable success.
While a cashless society may ring logical to many, for those who embrace freedom, cash should always remain the base of financial operation in free markets eliminating potential manipulation.
After all, cash is king!
Wednesday, February 25, 2015
A Little Bit of Freedom Relinquished is a Lot
Tumblr CEO David Karp joined the gang on CNBC's Squawk Box on Tuesday morning for a discussion on Net Neutrality. It was an eye opening interview to be sure. Take a listen:
Karp is nothing short of a moron, and it is mind boggling he has obtained the level of success he has. What he knows about economics and freedom you could put in a thimble. Even though Andrew Ross Sorkin made valiant effort to bail out Karp, he firmly established himself as ill-equipped for such discussion.
I can assure you, as both Becky Quick and Joe Kernen pointed out, that companies are not going to spend money when they are assured of no return on investment, unless as Karp pontificated, we are in "new world" of socialism and "deals" with no return on investment leading promptly to bankruptcy.
In addition, Karp, no doubt inadvertently, noted how a "blessed a handful of partners" (crony capitalism) will do deals to present the next emerging platform. Without a return on investment, perhaps Karp envisions the taxpayers funding these operations.
Meanwhile, Glenn Beck spoke with somebody, who even as an Obama supporter, understands the subject and the potential future role the legislation will play in the marketplace in Dallas Mavericks owner Mark Cuban. Take a listen to the bleak picture Cuban foresees:
Although the particulars of the regulation are being hidden from the American people, who will have to learn about the horrors of it after it is passed, Net Neutrality is being shopped as regulating the allowance of everyone to get full bandwidth at even costs, fixing a problem that is not currently broken.
Net Neutrality, while allowing the government regulatory oversight it currently does not have and a taxation mechanism for a starving beast in the federal government, is actually a hidden vehicle to silence political opponents. With Net Neutrality, economic control by government will expand and freedom will retract, and a widespread assault on freedom of speech, something once upon a time we fought to the death to preserve, will commence.
NOTE: In the spirit of full disclosure, I am a longtime shareholder of both AT&T (T:NYSE) and Level 3 Communications (LVLT:NASDAQ).
Karp is nothing short of a moron, and it is mind boggling he has obtained the level of success he has. What he knows about economics and freedom you could put in a thimble. Even though Andrew Ross Sorkin made valiant effort to bail out Karp, he firmly established himself as ill-equipped for such discussion.
I can assure you, as both Becky Quick and Joe Kernen pointed out, that companies are not going to spend money when they are assured of no return on investment, unless as Karp pontificated, we are in "new world" of socialism and "deals" with no return on investment leading promptly to bankruptcy.
In addition, Karp, no doubt inadvertently, noted how a "blessed a handful of partners" (crony capitalism) will do deals to present the next emerging platform. Without a return on investment, perhaps Karp envisions the taxpayers funding these operations.
Meanwhile, Glenn Beck spoke with somebody, who even as an Obama supporter, understands the subject and the potential future role the legislation will play in the marketplace in Dallas Mavericks owner Mark Cuban. Take a listen to the bleak picture Cuban foresees:
Although the particulars of the regulation are being hidden from the American people, who will have to learn about the horrors of it after it is passed, Net Neutrality is being shopped as regulating the allowance of everyone to get full bandwidth at even costs, fixing a problem that is not currently broken.
Net Neutrality, while allowing the government regulatory oversight it currently does not have and a taxation mechanism for a starving beast in the federal government, is actually a hidden vehicle to silence political opponents. With Net Neutrality, economic control by government will expand and freedom will retract, and a widespread assault on freedom of speech, something once upon a time we fought to the death to preserve, will commence.
NOTE: In the spirit of full disclosure, I am a longtime shareholder of both AT&T (T:NYSE) and Level 3 Communications (LVLT:NASDAQ).
Monday, March 31, 2014
Well Done Larry!
Friday evening was the last of The Kudlow Report on CNBC, hosted by Larry Kudlow.
Over the years, I soaked up wisdom from Larry, who previously worked in the Office of Management and Budget in the Reagan administration.
In addition, Larry always presided over spirited, yet civil discussion from both sides, which seems a lost art in recent years. The discussion presented the mindset of each side in a respectful manner, offering learning opportunities for all.
Several of the legions of former guests paid tribute to Larry during this last week, and many are included in the following piece.
In conclusion of the last show, Larry presented a final statement of heartfelt thanks and gratitude, noting how faith, and help from many friends, gave him a second lease on life.
Like many, I will sorely miss The Kudlow Report.
Even from a desk or couch through cable television on CNBC, I have greatly appreciated seeming participation in the discussions over the years. I remember discussing with frequent guest and Kudlow friend Steve Moore what an excellent vehicle in promotion of free markets the program was.
Although Kudlow is not disappearing from the CNBC network, I will most certainly miss the hour I spent with Larry most evenings for the last decade.
Well done Larry!
As always, free market capitalism is the best path to prosperity!
Over the years, I soaked up wisdom from Larry, who previously worked in the Office of Management and Budget in the Reagan administration.
In addition, Larry always presided over spirited, yet civil discussion from both sides, which seems a lost art in recent years. The discussion presented the mindset of each side in a respectful manner, offering learning opportunities for all.
Several of the legions of former guests paid tribute to Larry during this last week, and many are included in the following piece.
In conclusion of the last show, Larry presented a final statement of heartfelt thanks and gratitude, noting how faith, and help from many friends, gave him a second lease on life.
Like many, I will sorely miss The Kudlow Report.
Even from a desk or couch through cable television on CNBC, I have greatly appreciated seeming participation in the discussions over the years. I remember discussing with frequent guest and Kudlow friend Steve Moore what an excellent vehicle in promotion of free markets the program was.
Although Kudlow is not disappearing from the CNBC network, I will most certainly miss the hour I spent with Larry most evenings for the last decade.
Well done Larry!
As always, free market capitalism is the best path to prosperity!
Monday, March 10, 2014
Promoting Prosperity Path
 |
| Larry Kudlow Photo Totalpic.com |
Last Friday, CNBC announced The Kudlow Report, hosted by Larry Kudlow, will end its run this month after over a decade of producing top notch analysis of the financial markets in its 7PM EST time slot.
CNBC president Mark Hoffman said "Larry expressed his love of the network and personal pride in what had been accomplished on his program over the years but now wanted to slow down just a bit."
I certainly hope Hoffman was being truthful when discussing the end of The Kudlow Report, as Kudlow well deserves the opportunity to exit on his own terms.
Ratings at CNBC have been in freefall, and although shows on all networks discussing financial topics are in decline (have folks just thrown in the towel?), CNBC is on the wrong side of the relative strength in this matter.
The dismal ratings are no fault of Kudlow, whose show and analysis are tops on the network. There are other outstanding individual hosts and reporters on the network, most notably Joe Kernen, Bill Griffeth and Rick Santelli, so the decline really has nothing to do with the talent on board.
Unlike Hoffman, I know why the decline at CNBC has been deeper. It comes from what can only be a dictation from the news division of parent company NBC to season the broadcasts with a left leaning agenda mindlessly supportive of President Obama and his agenda, with global climate change a prime example.
Those of us in disagreement with Obama who have been longtime viewers of the network, have grown tired of being relentlessly "nudged" on the progressive agenda. Each night on The Kudlow Report, we have to get a dose of John Harwood on Capitol Hill, who may win the Obama ass-kisser of the decade award. His blatantly bias, and incorrect, observations detract from the insightful analysis Kudlow, with guests from both sides, presents.
If indeed Kudlow is being forced out, it will be yet another mistake by CNBC and we can all witness the 7PM time slot ratings continue in decline. I suspect, if she were so inclined, this would be a golden opportunity for Maria Bartiromo, newly hired away from CNBC by FOX Business Network, to own the time slot from a financial perspective.
Rather than worry about the inside baseball at CNBC, I know that I will really miss joining Kudlow for analysis of the activities of the day, political and financial. As a former associate director of the Office of Management and Budget in the Reagan administration and chief economist at Bear Stearns, Kudlow was very knowledgeable and a true professional all the way around.
If Kudlow was shoved out, I hope to perhaps see him turn up over at The Blaze. If not, I hope Larry enjoys the extra time with his family and hitting balls out on the tennis court.
Although Kudlow's tenure at CNBC has produced many memorable moments and exchanges, if we remember Larry for one thing, perhaps it will be his spot on mantra that "FREE MARKET CAPITALISM IS THE BEST PATH TO PROSPERITY.
Don't you forget it. All the best Larry!
Wednesday, January 15, 2014
Time To Change Lanes
Recently, a blog post titled Breaking The Boardwalk, was presented detailing how early hopes have most certainly been lost when it comes to Chris Christie, the boisterous governor of New Jersey.
While early on Christie had exhibited such promise, it has become increasingly clear that Christie, while certainly preferable to Hillary Clinton in a 2016 presidential campaign, is not someone who should be placed in the position to represent the republican party in 2016; or at least the republican party once commanded by Ronaldus Magnus.
Christie has found himself at the center point of a ever increasing scandal involving members of staff closing several lanes of the George Washington bridge, a very heavily traveled bridge connecting New Jersey with Manhattan. The drive by media cannot get enough of the story, as they see it damaging to who they view as the main challenger to a Hillary Clinton nomination in 2016.
Gov. Christie has denied any knowledge of the actions of his staff members, noting he was heartbroken and "disturbed by the tone and behavior and attitude" from those long time associates within his staff. It is exactly that culture, which no doubt houses Christie himself, that is troubling.
At least Christie, in a news conference, accepted responsibility for the debacle, asked forgiveness from the citizenry and sought to be received by the mayor Fort Lee, a Christie critic, to apologize, which he was in what was described as a cordial meeting. Fort Lee, by the way, is not some relay station along the Hudson, but rather a major business area, home in fact to the operations of CNBC.
Christie had previously said the bridge lane closures were part of a traffic study. So, if we got this straight, because the government needs information, easily gathered through a handful of means, lane closures causing untold discomfort, losses in time and wages, and potentially interfering with law enforcement and ambulance activities was deemed necessary.
Rather than noting the lane closures as part of this potential study, had I been the Governor of New Jersey, it would seem obvious the pain inflicted upon the citizenry far exceeds the benefit of having to acquire this information in that particular fashion. Is not everyone on board with that?
The tentacles of this story are plentiful, but most of them will not grace the front pages of the nations leading newspapers or the mainstream media news organizations.
Democrats. No, democrats and an alarming amount of republicans. No. While progressives are using this opportunity to blast Christie's potential clash with Clinton, calling his actions reprehensible, the have a blind eye to the actions President Obama, which make the bridge lanes closures look like failing to come to a complete stop at a stop sign.
Obama administration scandals such as Fast and Furious, Benghazi, the IRS targeting of conservative groups, the manipulation of economic data, NSA data collection programs and politicizing the Department of Justice are considered completely within the realm sensible political action by his progressive supporters on both sides. Have any of the above scandalous incidents been adequately investigated with any conclusions drawn? Why? Obama has said he will get to the bottom of each of these issues save the economic data, but has gave us nothing but lies, now at least verified regarding Benghazi.
What Bridgegate and the above referenced Obama administration scandals have in common is the abuse of power. As Rush Limbaugh pointed out, "whether Governor Christie or President Obama were personally aware of the abuses perpetrated on their behalves is irrelevant. On some level, they set a tone in their administrations that signaled that such hardball would be tolerated," that a culture had been established of get your enemies."
Members of Christie's staff did just that with the lane closures, drawing appropriate scorn. But, where is the public scorn for President Obama, who told his political operatives not to bring a knife to a gun fight. In addition, Obama he told supporters to "punish our enemies". His top advisor Valerie Jarrett, was clearer in commentary; “After we win this election, it’s our turn. Payback time,” warned Valerie Jarrett, Mr. Obama’s longtime senior adviser. “Everyone not with us is against us, and they better be ready because we don’t forget. The ones who helped us will be rewarded, the ones who opposed us will get what they deserve. There is going to be hell to pay.”
One should keep in mind, by the way, that those "against them" are American citizens her boss was elected to serve.
While the actions associated with Bridegate fail miserably to challenge those of the Obama administration, one thing is crystal clear; progressives who view government as the answer to all the problems have no problem utilizing governmental levers upon the citizenry, no matter the encroachment on liberty and freedom, as you are insignificant to their reign of power.
This is called tyranny, as appropriately pointed out in a recent column by Dr. Milton Wolf in the Washington Post.
Glenn Beck further examines the similarities between Christie and Obama, which may come as quite a stunner to many. Take a listen:
With no lane closures impacting travel plans, the media continues to travel down all the wrong avenues. Focused on 2016, they intentionally hide the real story you should be considering in an effort to keep you from being able to adequately consider what is taking place.
Many look the other way if is one of "their" team members, apparently losing proper perspective. Certainly, a 2016 Christie administration would be much more preferable than a 2016 Clinton administration in my estimation for thousands of reasons. But, Bridgegate shows Christie is a big government politician, who thinks government, rather than the people, are in charge, and I do not have issue calling him out just because he, like me, is a republican.
Those who aim to keep the power away from the people think these actions are reasonable political operations. They are members of the ruling class, who seek to tinker with the Constitution tranferring power from the poeple to political opeartives who deem they are more qualifed and educated to make decisions for the citizenry. Those of us who embrace the founding fathers, the rule of law and the power of the people, should recognize that these are not individuals who should be given the opportunity to serve the public.
This applies to the 2014 mid terms, not just the presidential election 2016. Does anybody care?
While early on Christie had exhibited such promise, it has become increasingly clear that Christie, while certainly preferable to Hillary Clinton in a 2016 presidential campaign, is not someone who should be placed in the position to represent the republican party in 2016; or at least the republican party once commanded by Ronaldus Magnus.
Christie has found himself at the center point of a ever increasing scandal involving members of staff closing several lanes of the George Washington bridge, a very heavily traveled bridge connecting New Jersey with Manhattan. The drive by media cannot get enough of the story, as they see it damaging to who they view as the main challenger to a Hillary Clinton nomination in 2016.
Gov. Christie has denied any knowledge of the actions of his staff members, noting he was heartbroken and "disturbed by the tone and behavior and attitude" from those long time associates within his staff. It is exactly that culture, which no doubt houses Christie himself, that is troubling.
At least Christie, in a news conference, accepted responsibility for the debacle, asked forgiveness from the citizenry and sought to be received by the mayor Fort Lee, a Christie critic, to apologize, which he was in what was described as a cordial meeting. Fort Lee, by the way, is not some relay station along the Hudson, but rather a major business area, home in fact to the operations of CNBC.
Christie had previously said the bridge lane closures were part of a traffic study. So, if we got this straight, because the government needs information, easily gathered through a handful of means, lane closures causing untold discomfort, losses in time and wages, and potentially interfering with law enforcement and ambulance activities was deemed necessary.
Rather than noting the lane closures as part of this potential study, had I been the Governor of New Jersey, it would seem obvious the pain inflicted upon the citizenry far exceeds the benefit of having to acquire this information in that particular fashion. Is not everyone on board with that?
The tentacles of this story are plentiful, but most of them will not grace the front pages of the nations leading newspapers or the mainstream media news organizations.
Obama administration scandals such as Fast and Furious, Benghazi, the IRS targeting of conservative groups, the manipulation of economic data, NSA data collection programs and politicizing the Department of Justice are considered completely within the realm sensible political action by his progressive supporters on both sides. Have any of the above scandalous incidents been adequately investigated with any conclusions drawn? Why? Obama has said he will get to the bottom of each of these issues save the economic data, but has gave us nothing but lies, now at least verified regarding Benghazi.
What Bridgegate and the above referenced Obama administration scandals have in common is the abuse of power. As Rush Limbaugh pointed out, "whether Governor Christie or President Obama were personally aware of the abuses perpetrated on their behalves is irrelevant. On some level, they set a tone in their administrations that signaled that such hardball would be tolerated," that a culture had been established of get your enemies."
Members of Christie's staff did just that with the lane closures, drawing appropriate scorn. But, where is the public scorn for President Obama, who told his political operatives not to bring a knife to a gun fight. In addition, Obama he told supporters to "punish our enemies". His top advisor Valerie Jarrett, was clearer in commentary; “After we win this election, it’s our turn. Payback time,” warned Valerie Jarrett, Mr. Obama’s longtime senior adviser. “Everyone not with us is against us, and they better be ready because we don’t forget. The ones who helped us will be rewarded, the ones who opposed us will get what they deserve. There is going to be hell to pay.”
One should keep in mind, by the way, that those "against them" are American citizens her boss was elected to serve.
While the actions associated with Bridegate fail miserably to challenge those of the Obama administration, one thing is crystal clear; progressives who view government as the answer to all the problems have no problem utilizing governmental levers upon the citizenry, no matter the encroachment on liberty and freedom, as you are insignificant to their reign of power.
This is called tyranny, as appropriately pointed out in a recent column by Dr. Milton Wolf in the Washington Post.
Glenn Beck further examines the similarities between Christie and Obama, which may come as quite a stunner to many. Take a listen:
With no lane closures impacting travel plans, the media continues to travel down all the wrong avenues. Focused on 2016, they intentionally hide the real story you should be considering in an effort to keep you from being able to adequately consider what is taking place.
Many look the other way if is one of "their" team members, apparently losing proper perspective. Certainly, a 2016 Christie administration would be much more preferable than a 2016 Clinton administration in my estimation for thousands of reasons. But, Bridgegate shows Christie is a big government politician, who thinks government, rather than the people, are in charge, and I do not have issue calling him out just because he, like me, is a republican.
Those who aim to keep the power away from the people think these actions are reasonable political operations. They are members of the ruling class, who seek to tinker with the Constitution tranferring power from the poeple to political opeartives who deem they are more qualifed and educated to make decisions for the citizenry. Those of us who embrace the founding fathers, the rule of law and the power of the people, should recognize that these are not individuals who should be given the opportunity to serve the public.
This applies to the 2014 mid terms, not just the presidential election 2016. Does anybody care?
Tuesday, August 20, 2013
Truthful Issues & Insights
Although it may be a tall order to attract viewers given their anti-American stances, earlier today, Al Jazeera America launced in some 40 million homes through cable systems across America. The network is ambitious, hiring top talent, mostly from CNN, to become the face of the network here in the states.
The Hollywood Reporter, of all people, has a quick primer on the network. The ownership is not fond of America, and has been supportive on and off the air of those who seek harm to Uncle Sam.
For some reason; however, members of the left not only welcome, but push it as the place to get non biased, "real news". This includes Hillary Clinton, who is currently engaged in some sort of coronation for the 2016 Democratic presidential nomination.
The majority of the major cable outlets welcome Al-Jazeera, and all voices should be welcomed. Of course, these same companies have for the most part rejected efforts by The Blaze, an American company, to be included on their systems. Bias at play? Count on it.
Any information presented by Al-Jazeera should be absorbed with caution. This is true for any new source, particularly the major news networks, whose portrayal of balance is non credible. This includes blogs, including this one. Information should be analyzed in order to formulate a sound basis for an opinion to be derived.
One of the top sources of information I utilize is Investors Business Daily. I became a subscriber back in the early 1990's because William J. O'Neill had developed a proprietary stock evaluation system that was unrivaled. Without question, pouring through the pages of IBD has been an invaluable tool for technical and fundamental analysis of stock performance.
However, over the years the editorial pages of IBD has become the top of the field, edging out the fine folks over at The Wall Street Journal. The IBD editorial page allows the reader to find out what is really going on, something not found in most major newspapers or network or cable news. They say it like it is.
IBD offers no quarter to those who aim ill will against the freedom and prosperity of the United States, and that is an effort I can subscribe to. The following is a sample of articles over the last few days, opinions based on facts presented for your consumption and evaluation, for your review.
 |
| Investors Business Daily |
Among the falsities being promulgated by the administration is that the onslaught of scandals engulfing the Obama administration are phony, but most everyone recognizes how deceitful and disrespectful that commentary is. IBD won't assist in letting these scandals die, and has a piece about That "Phony" Fast And Furious Scandal.
America is waking up, and the Obama administration if quite fearful that everyone is about to recognize what an actual fraud Obama is. To that extent, everyone who legally criticizes Commander Thin Skin must be publicly admonished, including a rodeo clown in Missouri. Yeah, a rodeo clown. IBD comes out In Defense Of Rodeo Clowns in an editorial by Pulitzer Prize winning Cartoonist Michael Ramirez.
 |
| Mark Steyn |
With the NSA scandal, not so phony at all, exploding down a rat hole of unlawful government activity, Americans from all factions of political arenas are quite concerned. Guest columnist Mark Steyn, a true treasure, expresses a viewpoint that the Glum Fact Of Life Today: Our Privacy Is Vanishing. It is vanishing in much more rapid fashion than you realize, and before it is too late, you should know the facts.
Analysis from the left and right is presented on a daily basis, and you should read each one to gain perspective regarding what those who see the world opposite of you are thinking and feeling. Knowledge is power; right?
 |
| Eugene Robinson |
 |
| Larry Kudlow |
The crisis is Egypt is under reported in the mainstream media, but not at IBD. In fact, not only are we being lied to about the severity of situation as it stands, but what actually was a trigger point for causing the crisis in the first place. You guessed it, You Can Thank Obama's Ego For The Carnage and Crisis in Egypt.
Amidst all the anger and horror, could you imagine who is actually being blamed and targeted? You won't find that information in the mainstream media, or Al-Jerzerra, but while the world is mum, IBD informs you The Muslim Brotherhood Targets Coptic Christians in Egypt.
Investors Business Daily is a reliable source for inquisitive readers to gain a solid perspective on the economic and geopolitical events that, while not commonly considered, do have a major effect on the everyday lives of our citizenry.
As we have said, The Salvation Of The State Is Watchfulness In The Citizen. At the top of list of outlets for the citizen to become informed is the editorial page of Investors Business Daily. In addition, you will gain command over your investment portfolio.
Thursday, August 8, 2013
Zeppelin Downdraft
An interesting post appeared over at Tyler Durden's fantastic blog Zero Hedge.
Video of an interview with Marc Faber on CNBC was presented, where Faber prognosticates that at the end of the year the stock market will be potentially over 20% lower than current levels. While Faber, publisher of the Gloom, Boom & Doom Report, eery similarities between the fundamental and technical backdrop 1987 and today.
With respect to the stock market, in 1987 the market was engaged in the greatest bull market in history. Although at the time few could see the forest for the trees, the '87 crash presented a wonderful buying opportunity, fueled in part by emerging technological advancements. Technically, the area where we deem Faber correct in his analysis, Faber has noted an ominous chart pattern that has presented itself with increasing frequency in recent days; The Hindenburg Omen.
It is noted there has been historical evidence in matching chart patterns to past performances, and when comparing the market in 1987 to the market today, we can see the movements during this period have been quite similar. I don't know what I am having for lunch tomorrow, but I recognize the story this chart is telling.
Fundamentally, both the micro and macro economic realities fail to resemble the landscape of 1987. It is worth noting the economy in 1987, with the Reagan Revolution well underway, was significantly superior in virtually every measurable statistic to our current economic conditions.
In an extremely extended market where trading levels do not match fundamentals on the ground, extreme caution should be exhibited. Too many dollars are chasing too few assets, and even with the FED fueling the pump, the overextended stock market looks primed for a downdraft. The economy is in very sad shape, not withstanding the propaganda saying otherwise backed my manipulated data. The unemployment rate is the best example, as the labor participation chart is disconnected to the reported unemployment rate,
It may be time to take profits, as recommended by Guggenheim, keeping in mind pigs get slaughtered. Although it is tough to fight the tape, it would be most prudent to proceed with caution at this time.
Wednesday, June 5, 2013
Breaking the Boardwalk
There were such high hopes.
I became aware of Chris Christie from his frequent guest appearances on CNBC's Squawk Box and was thrilled when he announced he would run against incumbent New Jersey Governor Jon Corzine. After his tenure with Goldman Sachs, Corzine had run Jersey into the ground, and given both Obama and Biden often sought his economic council, is it any wonder our country is in economic peril. A wonderful opportunity to implement free market principles in a blue state exisited, and Christie was just the guy to take it on.
Christie understands free markets, and has no patience for the unions and their interference in the marketplace. His tenure as Governor has brought New Jersey new found prosperity, even against the backdrop of the stagnant if not recessionary national economy.
The fever pitch for Christie came as the 2012 presidential approached. Would Christie get in? An exemplary speech at the Reagan Library brought a high level of enthusiasm, but Christie threw in behind Mitt Romney and would sit it out.
Since that point, it has been downhill slide for Christie and his relationship with those on the GOP right. Christie spoke at the GOP convention, but rather than explaining why Mitt Romney was the properly experienced person to lead this country, Christie discussed his own successes and fell far short in touting those of Romney.
Then, New Jersey was hit by Hurricane Sandy, and shortly thereafter came a visit by President Obama. Christie was far too welcoming to our sitting President, whose economic policies were combative to the goals set forth by Christie. In the days after, Christie praised the leadership of Obama on his commitment for assiting the region, elevating his declining stature among the nations voters. The compliments for Obama far exceeded what was required, particularly because there was no actual leadership implemented or enacted by Obama.
With much of the hurricane ravaged area still reeling, President Obama returned to attend a ceremony on the Jersey shore as the famed boardwalk re-opened for the summer. Christie gleefully awaited Obama with open arms, and before the love fest was over, we pondered if Brokeback Boardwalk would become a movie sequel.
Obama, who media elites tell us would likely be playing in the NBA if he were not doing the heavy lifting in Washington, missed in four football tosses in embarrassing fashion. Have no fear, as a blushing Chris Christie hit the target, winning Obama a stuffed bear a four year old would cherish. Oh, what a day?
Meanwhile, Frank Lautenberg (D), a long sitting New Jersey Senator, passed away the other evening, opening up his seat. For someone not trying to score political points, the opportunity to appoint a republican to this seat should be promptly taken.
One would have to go back a long way to find a more critical time for the GOP, with our republic practically hanging in the balance. There is the attack on the second amendment, potential immigration legislation, the train wreck of Obamacare, Islamic terrorism, nuclear weapons and God forbid the potential replacement of a supreme court judge. While it is only one seat, that one seat can make a huge difference.
So with Christie throwing open the seat, in conjunction with the recent series of actions by the Gov, we can conclude that he is not all that worried about the destruction to the country his new found boyfriend is engaged in. In fact, odds favor he is a progressive republican with many of the same controlling big government ideas of Obama.
For those who champion liberty and freedom, any opportunity to legally thwart Obama from achieving his goals should be exercised with precision. With Christie failing to act in this regard, we have learned all we need to know prior to 2016. Sadly, he is not one of us.
It might be all for naught, as by the time 2016 comes around, Rush Limbaugh would not be surprised if Christie ran as a Democrat. Maybe former Florida Governor Charlie Christ could be his running mate.
I became aware of Chris Christie from his frequent guest appearances on CNBC's Squawk Box and was thrilled when he announced he would run against incumbent New Jersey Governor Jon Corzine. After his tenure with Goldman Sachs, Corzine had run Jersey into the ground, and given both Obama and Biden often sought his economic council, is it any wonder our country is in economic peril. A wonderful opportunity to implement free market principles in a blue state exisited, and Christie was just the guy to take it on.Christie understands free markets, and has no patience for the unions and their interference in the marketplace. His tenure as Governor has brought New Jersey new found prosperity, even against the backdrop of the stagnant if not recessionary national economy.
The fever pitch for Christie came as the 2012 presidential approached. Would Christie get in? An exemplary speech at the Reagan Library brought a high level of enthusiasm, but Christie threw in behind Mitt Romney and would sit it out.
Since that point, it has been downhill slide for Christie and his relationship with those on the GOP right. Christie spoke at the GOP convention, but rather than explaining why Mitt Romney was the properly experienced person to lead this country, Christie discussed his own successes and fell far short in touting those of Romney.
Then, New Jersey was hit by Hurricane Sandy, and shortly thereafter came a visit by President Obama. Christie was far too welcoming to our sitting President, whose economic policies were combative to the goals set forth by Christie. In the days after, Christie praised the leadership of Obama on his commitment for assiting the region, elevating his declining stature among the nations voters. The compliments for Obama far exceeded what was required, particularly because there was no actual leadership implemented or enacted by Obama.
With much of the hurricane ravaged area still reeling, President Obama returned to attend a ceremony on the Jersey shore as the famed boardwalk re-opened for the summer. Christie gleefully awaited Obama with open arms, and before the love fest was over, we pondered if Brokeback Boardwalk would become a movie sequel.
Obama, who media elites tell us would likely be playing in the NBA if he were not doing the heavy lifting in Washington, missed in four football tosses in embarrassing fashion. Have no fear, as a blushing Chris Christie hit the target, winning Obama a stuffed bear a four year old would cherish. Oh, what a day?
Meanwhile, Frank Lautenberg (D), a long sitting New Jersey Senator, passed away the other evening, opening up his seat. For someone not trying to score political points, the opportunity to appoint a republican to this seat should be promptly taken.
One would have to go back a long way to find a more critical time for the GOP, with our republic practically hanging in the balance. There is the attack on the second amendment, potential immigration legislation, the train wreck of Obamacare, Islamic terrorism, nuclear weapons and God forbid the potential replacement of a supreme court judge. While it is only one seat, that one seat can make a huge difference.
So with Christie throwing open the seat, in conjunction with the recent series of actions by the Gov, we can conclude that he is not all that worried about the destruction to the country his new found boyfriend is engaged in. In fact, odds favor he is a progressive republican with many of the same controlling big government ideas of Obama.
For those who champion liberty and freedom, any opportunity to legally thwart Obama from achieving his goals should be exercised with precision. With Christie failing to act in this regard, we have learned all we need to know prior to 2016. Sadly, he is not one of us.
It might be all for naught, as by the time 2016 comes around, Rush Limbaugh would not be surprised if Christie ran as a Democrat. Maybe former Florida Governor Charlie Christ could be his running mate.
Wednesday, May 23, 2012
Unleash The Squirmin' Dogs
It seems as if we are watching an upcoming train wreck as the Euro experiment marches toward collapse. A plethora of plans have been implemented to rescue the ambitious alliance, but all have been abysmal failures. The more the plans fail, the more the planners plan.
Beyond member governments engaged in socialism spending beyond their means and expanding entitlements beyond economic logic, what is traveling to the ash heap of history is their loss of their member sovereignty. Central planners never want a crisis, and we sure do have one, to go to waste.
While economic moves considered sound to establish stability and save the Euro may sound reasonable, unfortunately they likely mask the bold ambitions of the technocrats to slow creep control over the member states and their citizens.
Under such control, individual freedom, inspiration and the entrepreneurial spirit is crushed, robbing the people of their identity. As Nigel Farage so eloquently put forth in 2010, if you rob the people of their democracy, then all they are left with is nationalism and violence. We got plenty of violence, as the citizens engage in civil unrest.
Who the hell do you think you are? Farage queried the EU administrators as they responded to collapsing member nations that it would be inappropriate for them to hold elections until their budgets were agreed upon. Democracy destroyed.
Sound far fetched? Last Thursday, CNBC reported that Ex-ECB Chief Jean-Claude Trichet unveiled a bold plan to save the Euro. Would yet another new plan present a blueprint for an escape of the wide ranging spiral the Euro is involved in or would such a plan steal more Democracy from the member citizenry?
The first paragraph of the story is alarmingly informative. Please read:
Europe could strengthen its monetary union by giving European politicians the power to declare a sovereign state bankrupt and take over its fiscal policy, the former head of the European Central Bank said on Thursday in unveiling a bold proposal to salvage the euro.
For the governing body, seizing this amount of authority would be similar to taking a country over without firing a shot.
As Farrage asked, who do these people think they are? Free market capitalism, the best path to prosperity, is not free to work for member nations under this type of smothering control. Under the Euro, wealth has been destroyed under massive spending and entitlement programs, and the technocratic banker is in charge and has members under his thumb.
It would be hard to imagine that the central planners, given the history of their efforts, are foolish enough to think it will work this time. The alternative, and the truth, is that the technocrats are aspiring to gain further control and are knowingly crashing the system.
Here in America, the same types of planners are now in charge, implementing the Cloward and Piven strategy. Decisions that seem irrational to most, are part of the plan to steal and transform wealth, establishing a governmental control over the citizenry. While Europe may be beyond salvage, America has time to right the ship, although time is running dangerously short.
Freeing member nations from excessive taxation and regulation and having to adhere to budgetary control and allowing the pursuit of their own prosperity is the answer. Those who continue to implement a socialistic policy of a cradle to grave nanny state will ultimately fail. Countries who embrace freedom, both for individuals and markets, will prosper.
Alarm bells are appropriately ringing everywhere. This is not the time to turn to technocratic regulators, like Jean-Cluade Trichet, who claim to have a plan.
This is the time to seek freedom and embrace capitalism. It is that simple.
Beyond member governments engaged in socialism spending beyond their means and expanding entitlements beyond economic logic, what is traveling to the ash heap of history is their loss of their member sovereignty. Central planners never want a crisis, and we sure do have one, to go to waste.
While economic moves considered sound to establish stability and save the Euro may sound reasonable, unfortunately they likely mask the bold ambitions of the technocrats to slow creep control over the member states and their citizens.
Under such control, individual freedom, inspiration and the entrepreneurial spirit is crushed, robbing the people of their identity. As Nigel Farage so eloquently put forth in 2010, if you rob the people of their democracy, then all they are left with is nationalism and violence. We got plenty of violence, as the citizens engage in civil unrest.
Who the hell do you think you are? Farage queried the EU administrators as they responded to collapsing member nations that it would be inappropriate for them to hold elections until their budgets were agreed upon. Democracy destroyed.
Sound far fetched? Last Thursday, CNBC reported that Ex-ECB Chief Jean-Claude Trichet unveiled a bold plan to save the Euro. Would yet another new plan present a blueprint for an escape of the wide ranging spiral the Euro is involved in or would such a plan steal more Democracy from the member citizenry?
The first paragraph of the story is alarmingly informative. Please read:
Europe could strengthen its monetary union by giving European politicians the power to declare a sovereign state bankrupt and take over its fiscal policy, the former head of the European Central Bank said on Thursday in unveiling a bold proposal to salvage the euro.
For the governing body, seizing this amount of authority would be similar to taking a country over without firing a shot.
As Farrage asked, who do these people think they are? Free market capitalism, the best path to prosperity, is not free to work for member nations under this type of smothering control. Under the Euro, wealth has been destroyed under massive spending and entitlement programs, and the technocratic banker is in charge and has members under his thumb.
It would be hard to imagine that the central planners, given the history of their efforts, are foolish enough to think it will work this time. The alternative, and the truth, is that the technocrats are aspiring to gain further control and are knowingly crashing the system.
Here in America, the same types of planners are now in charge, implementing the Cloward and Piven strategy. Decisions that seem irrational to most, are part of the plan to steal and transform wealth, establishing a governmental control over the citizenry. While Europe may be beyond salvage, America has time to right the ship, although time is running dangerously short.
Freeing member nations from excessive taxation and regulation and having to adhere to budgetary control and allowing the pursuit of their own prosperity is the answer. Those who continue to implement a socialistic policy of a cradle to grave nanny state will ultimately fail. Countries who embrace freedom, both for individuals and markets, will prosper.
Alarm bells are appropriately ringing everywhere. This is not the time to turn to technocratic regulators, like Jean-Cluade Trichet, who claim to have a plan.
This is the time to seek freedom and embrace capitalism. It is that simple.
Wednesday, May 9, 2012
Information Misrepresentation: Unemployment
Information presented to the Public by various outlets is being crafted to misrepresent reality in an effort to skew political thinking, gain economic advantage and nudge social justice further down the American psyche. This is the third in a series of blog posts detailing instances in this regard, as it is imperative the Public recognize the significant level of misrepresentation and how vast the manipulation is.
Information Misrepresentation: Unemployment
Last Friday, the job numbers were released and media outlets across the spectrum were thrilled to report the unemployment rate had fallen from 8.2% to 8.1%. The decrease was presented as evidence that Americans are getting back to work and the measures to assist the economy by President Obama are bearing fruit.
Nothing could be further from the truth, and as usual, the media is complicit in a far reaching misrepresentation of the facts participatory in supporting the re-election of the President.
Weekly jobless claims continue to register at around 350,000, and this past month only 115,000 jobs were added. Somehow, the unemployment rate decreased. The reason for this apparent anomaly is that unemployed individuals who no longer actively seek employment fall of the calculus.
If Obama was succeeding in getting America back to work, the unemployment rate would be increasing at this point because as folks found work as jobs became available, those sitting on the sidelines would jump back into the fray seeking employment. Hence, our underemployed and unemployed citizens full time employment would rise as they re-enter the equation, increasing the unemployment rate upward.
Shadow Stats has the real unemployment rate at 22%. Even so, as ever so accurately reported by the excellent blog Zero Hedge, simply put, this is sad. The labor participation rate is the lowest it has been since 1981. That is stunning. Take a look at the following charts presented by Zero Hedge:
Labor Participation Rate
Persons Not In Labor Force
These charts, with data not seen since the Great Depression, show a catastrophe in the making. Not only are individuals and their families hurting, but our productivity is taking a beating.
By not participating in the work force, workers are falling behind in levels of training, education and self fulfillment. New technology is outpacing those able to perform supportive functions in support of these technological gains. Over time, this will significantly impair our competitiveness. Try not playing golf for a few years and then hitting the links.
One of the few patriots in the media to throw a penalty flag on all the gleeful reports of an improving unemployment rate is CNBC's Rick Santelli, who call them out his Santelli Exchange report:
We have an economic calamity going on in America due primarily to inept leadership from the Oval Office and the entire Obama economic team. Time is short to turn chart a path to prosperity, and if we fail, we will become like Europe and our position as the economic superpower may be lost forever.
Free markets, with limited governmental interference, regulation and taxation, presents the playing field from which innovation, invention, work ethic and prosperity is born. Lets get to work!
Information Misrepresentation: Unemployment
Last Friday, the job numbers were released and media outlets across the spectrum were thrilled to report the unemployment rate had fallen from 8.2% to 8.1%. The decrease was presented as evidence that Americans are getting back to work and the measures to assist the economy by President Obama are bearing fruit.
Nothing could be further from the truth, and as usual, the media is complicit in a far reaching misrepresentation of the facts participatory in supporting the re-election of the President.
Weekly jobless claims continue to register at around 350,000, and this past month only 115,000 jobs were added. Somehow, the unemployment rate decreased. The reason for this apparent anomaly is that unemployed individuals who no longer actively seek employment fall of the calculus.
If Obama was succeeding in getting America back to work, the unemployment rate would be increasing at this point because as folks found work as jobs became available, those sitting on the sidelines would jump back into the fray seeking employment. Hence, our underemployed and unemployed citizens full time employment would rise as they re-enter the equation, increasing the unemployment rate upward.
Shadow Stats has the real unemployment rate at 22%. Even so, as ever so accurately reported by the excellent blog Zero Hedge, simply put, this is sad. The labor participation rate is the lowest it has been since 1981. That is stunning. Take a look at the following charts presented by Zero Hedge:
Labor Participation Rate
Persons Not In Labor Force
These charts, with data not seen since the Great Depression, show a catastrophe in the making. Not only are individuals and their families hurting, but our productivity is taking a beating.
By not participating in the work force, workers are falling behind in levels of training, education and self fulfillment. New technology is outpacing those able to perform supportive functions in support of these technological gains. Over time, this will significantly impair our competitiveness. Try not playing golf for a few years and then hitting the links.
One of the few patriots in the media to throw a penalty flag on all the gleeful reports of an improving unemployment rate is CNBC's Rick Santelli, who call them out his Santelli Exchange report:
We have an economic calamity going on in America due primarily to inept leadership from the Oval Office and the entire Obama economic team. Time is short to turn chart a path to prosperity, and if we fail, we will become like Europe and our position as the economic superpower may be lost forever.
Free markets, with limited governmental interference, regulation and taxation, presents the playing field from which innovation, invention, work ethic and prosperity is born. Lets get to work!
Wednesday, April 25, 2012
Media Bias: Eyes Wide Open
As an avid investor, it is required viewing to catch The Kudlow Report hosted by former Reagan budget official Larry Kudlow. Last evening, Larry had a discussion with former Obama economic council Jared Bernstein, who has zero credibility, and Douglas Holtz-Eakin, former McCain economic advisor, covering the student vote prospects for President Obama.
President Obama's schedule had him at The University of North Carolina-Chapel Hill to discuss student loans, whose interest rate is scheduled, due to a vote passed by the Democratic led Congress mind you, is set to increase this summer. Take listen to the exchange, and keep your eyes peeled on the video:
I remember, while listening to the Glenn Beck program some years back, a caller reported that CNN showed video which included him at a large anti-war protest that took place in downtown Atlanta. The caller was quite offended, not because he was on television, but because he, and the large crowd, were attendees at one of radio talk show host Neal Boortz's anti tax rallies.
So, CNN wanted to make it look like there was a large group protesting the war, while the crowd was essentially a precursor to the Tea Party. Can you say media bias?
Kudlow is a Reagan man and a good conservative, and he does not control background video for CNBC. Perhaps, just rolling file video of Obama during a story is common practice? But, after several seconds of video of a small crowd (it was reported that a crowd of @9000 at Carmicheal Auditorium rather than the 22000 at the Dean Smith Center in 2008) during his visit to UNC, video of graduation from who knows when at Ohio State University, a much larger crowd with ceremonies held at The Horseshoe on the Allegheny, began rolling. Come again?
Was this an effort by those running the show at CNBC, which has been drifting hard left in recent years, to promote a larger crowd to the public for President Obama? What do you think?
What we do know is that the media is completely in tank for Obama, destroying any fiduciary responsibility they have in reporting the news without their hideous bias.
Take note and be advised.
President Obama's schedule had him at The University of North Carolina-Chapel Hill to discuss student loans, whose interest rate is scheduled, due to a vote passed by the Democratic led Congress mind you, is set to increase this summer. Take listen to the exchange, and keep your eyes peeled on the video:
I remember, while listening to the Glenn Beck program some years back, a caller reported that CNN showed video which included him at a large anti-war protest that took place in downtown Atlanta. The caller was quite offended, not because he was on television, but because he, and the large crowd, were attendees at one of radio talk show host Neal Boortz's anti tax rallies.
So, CNN wanted to make it look like there was a large group protesting the war, while the crowd was essentially a precursor to the Tea Party. Can you say media bias?
Kudlow is a Reagan man and a good conservative, and he does not control background video for CNBC. Perhaps, just rolling file video of Obama during a story is common practice? But, after several seconds of video of a small crowd (it was reported that a crowd of @9000 at Carmicheal Auditorium rather than the 22000 at the Dean Smith Center in 2008) during his visit to UNC, video of graduation from who knows when at Ohio State University, a much larger crowd with ceremonies held at The Horseshoe on the Allegheny, began rolling. Come again?
Was this an effort by those running the show at CNBC, which has been drifting hard left in recent years, to promote a larger crowd to the public for President Obama? What do you think?
What we do know is that the media is completely in tank for Obama, destroying any fiduciary responsibility they have in reporting the news without their hideous bias.
Take note and be advised.
Thursday, April 12, 2012
The Santelli Slam
President Obama, unable to run his campaign on the merits of his first term since it has been nothing short of abysmal, has resorted to tactics unbecoming the Grinch. Obama is attacking anybody and everybody, but perhaps the worst aspect of his antics is his economic commentary surrounding what is known as "The Buffett Rule".
Generally speaking, President Obama indicates that Mr. Buffett pays less taxes than his secretary, which simply is not the case. It has been reported that Mr. Buffett's secretary does not make enough annual salary to reach the 25% bracket; therefore, she pays taxes at the 15% rate. Mr. Buffett, provided he makes a salary over approximately $150,000, pays 25% minimum on his income, which is more than his secretary. It should be noted that Buffett makes the majority of his income on dividends from his investments, including his company Berkshire Hathaway, and dividends are taxed at 15%, equal to his secretary.
President Obama is not being square with the American people when he misrepresents the facts in such a deceitful way. Most Americans are not shareholders of Berkshire Hathaway and do not engage in reviewing the annual report and therefore, fail to recognize the lies being told them. It is noted I am a longtime Berkshire Hathaway shareholder and read the annual reports.
The fine editorial page at Investors Business Daily examines this mess further.
Imagine we did hit the most wealthy with additional taxes in an effort to force them to "pay their fair share". Where would that get us? CNBC's Rick Santelli, father of the TEA Party, gives us an earful from his perch at the Chicago Mercantile Exchange.
The entire argument Obama is presenting to the American people on this subject is incorrect, and he is well aware of it. This speak volumes about his character, since America is on the precipice of financial disaster. Obama's actions tell us he is much more concerned about being re-elected than solving the critical economic issues of our time.
Hitting the extremely wealthy with a heavier tax burden will not solve problems, instead creating a host of them. If taxed a higher rate, these folks (investors) will not be incentivized to earn more and will invest and spend less; therefore, creating less commerce which in turn results in less tax revenue for Uncle Sam and hurts those Obama claims he is attempting to assist. As Santelli points out, the impact on solving the massive debt issues would hardly be measurable.
This whole level of discussion is nothing more than a campaign gimmick, one that divides our citizens in class warfare over a false premise. With our country in such great economic peril, I find these actions by our President and his surrogates nothing short of disgraceful.
Generally speaking, President Obama indicates that Mr. Buffett pays less taxes than his secretary, which simply is not the case. It has been reported that Mr. Buffett's secretary does not make enough annual salary to reach the 25% bracket; therefore, she pays taxes at the 15% rate. Mr. Buffett, provided he makes a salary over approximately $150,000, pays 25% minimum on his income, which is more than his secretary. It should be noted that Buffett makes the majority of his income on dividends from his investments, including his company Berkshire Hathaway, and dividends are taxed at 15%, equal to his secretary.
President Obama is not being square with the American people when he misrepresents the facts in such a deceitful way. Most Americans are not shareholders of Berkshire Hathaway and do not engage in reviewing the annual report and therefore, fail to recognize the lies being told them. It is noted I am a longtime Berkshire Hathaway shareholder and read the annual reports.
The fine editorial page at Investors Business Daily examines this mess further.
Imagine we did hit the most wealthy with additional taxes in an effort to force them to "pay their fair share". Where would that get us? CNBC's Rick Santelli, father of the TEA Party, gives us an earful from his perch at the Chicago Mercantile Exchange.
The entire argument Obama is presenting to the American people on this subject is incorrect, and he is well aware of it. This speak volumes about his character, since America is on the precipice of financial disaster. Obama's actions tell us he is much more concerned about being re-elected than solving the critical economic issues of our time.
Hitting the extremely wealthy with a heavier tax burden will not solve problems, instead creating a host of them. If taxed a higher rate, these folks (investors) will not be incentivized to earn more and will invest and spend less; therefore, creating less commerce which in turn results in less tax revenue for Uncle Sam and hurts those Obama claims he is attempting to assist. As Santelli points out, the impact on solving the massive debt issues would hardly be measurable.
This whole level of discussion is nothing more than a campaign gimmick, one that divides our citizens in class warfare over a false premise. With our country in such great economic peril, I find these actions by our President and his surrogates nothing short of disgraceful.
Tuesday, February 14, 2012
Out With The Bathwater
Last year, FOX Business Network ended their 5 PM show "Happy Hour", for a new show with Gerri Willis, who came over from CNN. The new show is not bad, but I find it much inferior to Happy Hour. Then again, who could compete with Glenn Beck over at FOX?
Now comes word that the entire primetime lineup at FOX Business will get the axe. Not a good move in my estimation.
Freedom Watch with Judge Andrew Napolitano was a very good show. Now, it should be noted this show was in competition with The O'Reilly Factor over on FOX, the top rated cable news show by far. Freedom Watch did need some tweaking, and I was getting very tired of the Judge promoting Ron Paul for President. Overall, however, Napolitano asked intriguing questions of top guests from the political and financial world. This show will be missed, at least by me.
David Asman is very professional and at the top of his game. His current show Power and Money, which evolved from America's Nightly Scoreboard, was very good and often dove into off the mainstream topics, with Agenda 21 being an example. Hannity, over on the flagship FOX, is king of 9PM, but this show worked well and I will miss it as well.
Eric Bolling is outstanding, and his show Follow The Money, had a real chance to overtake On The Record with Greta Van Susteren over on the Flagship. FTM had the big screen here at my humble abode, but the show could have used some tweaking as well. The decisions by the FOX brass to include wacko socialists as nightly panelists on FTM, like the newly hired Sally Kohn and Jehmu Green, hurt. Nobody with a brain has any care about the opinions of these Obama apologists. Anyhow, Bolling is a star and this news is most disappointing. At least Bolling falls back to focusing on The Five over on FOX, a real hit.
Melissa Francis, who jumped off the sinking ship at CNBC to come over to FBN, is slated for a 5PM show, while Gerry Willis will move to 8PM. While Francis is talented, I hope the executives at FBM are not counting on a ratings increase, because it will not be forthcoming with these moves.
Lori Rothman and Charles Payne
If FBN, is going a different direction, they should immediately launch a financial show hosted by grossly under utilized Charles Payne, and a crossover show with the lovely Kimberly Guilfoyle. Business babes Tracy Byrnes and Lori Rothman are also under utilized, but what do I know?
I know I will miss each of these programs and do not have any excitement about the changes.
Now comes word that the entire primetime lineup at FOX Business will get the axe. Not a good move in my estimation.
Freedom Watch with Judge Andrew Napolitano was a very good show. Now, it should be noted this show was in competition with The O'Reilly Factor over on FOX, the top rated cable news show by far. Freedom Watch did need some tweaking, and I was getting very tired of the Judge promoting Ron Paul for President. Overall, however, Napolitano asked intriguing questions of top guests from the political and financial world. This show will be missed, at least by me.
David Asman is very professional and at the top of his game. His current show Power and Money, which evolved from America's Nightly Scoreboard, was very good and often dove into off the mainstream topics, with Agenda 21 being an example. Hannity, over on the flagship FOX, is king of 9PM, but this show worked well and I will miss it as well.
Eric Bolling is outstanding, and his show Follow The Money, had a real chance to overtake On The Record with Greta Van Susteren over on the Flagship. FTM had the big screen here at my humble abode, but the show could have used some tweaking as well. The decisions by the FOX brass to include wacko socialists as nightly panelists on FTM, like the newly hired Sally Kohn and Jehmu Green, hurt. Nobody with a brain has any care about the opinions of these Obama apologists. Anyhow, Bolling is a star and this news is most disappointing. At least Bolling falls back to focusing on The Five over on FOX, a real hit.Melissa Francis, who jumped off the sinking ship at CNBC to come over to FBN, is slated for a 5PM show, while Gerry Willis will move to 8PM. While Francis is talented, I hope the executives at FBM are not counting on a ratings increase, because it will not be forthcoming with these moves.
Lori Rothman and Charles Payne
If FBN, is going a different direction, they should immediately launch a financial show hosted by grossly under utilized Charles Payne, and a crossover show with the lovely Kimberly Guilfoyle. Business babes Tracy Byrnes and Lori Rothman are also under utilized, but what do I know?
I know I will miss each of these programs and do not have any excitement about the changes.
Wednesday, November 16, 2011
Jail The Looters
In the aftermath of the greatest financial crisis in a half century, progressives who seek additional governmental control jumped at the chance to increase financial regulatory instruments. Never let a crisis go to waste, you will recall.
Charged with crafting such policy were two Congressional members, both of whom should be investigated for their role in the collapse, Senator Barney Frank, D:MA and Congressman Chris Dodd, D:CT. Exactly what our corrupt government needed, inmates running the asylum.
With the Democrats holding super majorities in both Houses, the Dodd-Frank Bill became law. The basic purpose of the law is to prohibit fraud and chicanery in the financial system.
The situation over at MF Global is very troubling and funds cannot be properly accounted for. Many investors appear out a lot of money, including Trends Research founder Gerald Celente, whose gold has seemingly turned to dust. The company cannot make investors whole, and Chilton says it is "suspicious as heck".
It should noted that existing regulatory agencies and the new far reaching Dodd-Frank bill, a job killing beast smothering business, failed miserably to prohibit Corzine and this group from crashing to bankruptcy, allegedly for the misappropriation of funds.
Charged with crafting such policy were two Congressional members, both of whom should be investigated for their role in the collapse, Senator Barney Frank, D:MA and Congressman Chris Dodd, D:CT. Exactly what our corrupt government needed, inmates running the asylum.
With the Democrats holding super majorities in both Houses, the Dodd-Frank Bill became law. The basic purpose of the law is to prohibit fraud and chicanery in the financial system.
Someone forgot to tell former New Jersey Governor Jon Corzine, who was recently under consideration by the Obama administration as a potential successor to Treasury Secretary Timothy Geithner. After losing the governors race, Corzine, a Democrat, became Chairman of MF Global, and under his leadership, the company has filed for bankruptcy and is the subject of an FBI investigation. In short, the money is missing.
Bart Chilton, CFTC Commissioner who is on the circuit promoting his new book Ponzimonium, chats with The Squawk Box Crew; Becky Quick, Andrew Ross Sorkin and Joe Kernen, and guest host Mario Gabelli, on the recent increase of Ponzi Schemes and the goings on at MF Global. Take a listen:
The situation over at MF Global is very troubling and funds cannot be properly accounted for. Many investors appear out a lot of money, including Trends Research founder Gerald Celente, whose gold has seemingly turned to dust. The company cannot make investors whole, and Chilton says it is "suspicious as heck".
It should noted that existing regulatory agencies and the new far reaching Dodd-Frank bill, a job killing beast smothering business, failed miserably to prohibit Corzine and this group from crashing to bankruptcy, allegedly for the misappropriation of funds.
Remember in "Its A Wonderful Life" when the money went missing. George Bailey, upset with Uncle Billy, angrily quipped 'someone is going to jail, and it ain't gonna me me". Well, back in the day, folks did go to Sing Sing when money went missing.
It will be interesting to see, provided the allegations result in malfeasance and charges, if Democrat darling Corzine is prosecuted to the fullest extent of the law. You know how George Bailey would feel about it, but good guys are not winning these days.
Sunday, October 16, 2011
Wicked Wreck at Vegas Claims Dan Wheldon
Dan Whledon, a two time winner of the Indianapolis 500, including in 2011, has lost his life in a horrific 15 car crash at Las Vegas Motor Speedway this afternoon. ABC had the race coverage:
Ironically, Wheldon was a part time racer this year, and was essentially unemployed after winning the 2011 Indy 500. Wheldon spoke with CNBC's Darren Rovell days after the 500.
Wheldon was set to take over for Danica Patrick, who is heading over to NASCAR full time next season. This racing is very dangerous, and even though the safety measures advanced in the recent years, particularly in the aftermath of the death of the legendary Dale Earnhardt at Daytona International Speedway in 2001, it remains so. Five time NASCAR champ Jimmie Johnson took a very hard hit last night at Charlotte, a hit made easier to absorb by the safer barriers and HANS device innovations.
Thoughts and prayers will be with Wheldons family; may he rest in peace.
Ironically, Wheldon was a part time racer this year, and was essentially unemployed after winning the 2011 Indy 500. Wheldon spoke with CNBC's Darren Rovell days after the 500.
Wheldon was set to take over for Danica Patrick, who is heading over to NASCAR full time next season. This racing is very dangerous, and even though the safety measures advanced in the recent years, particularly in the aftermath of the death of the legendary Dale Earnhardt at Daytona International Speedway in 2001, it remains so. Five time NASCAR champ Jimmie Johnson took a very hard hit last night at Charlotte, a hit made easier to absorb by the safer barriers and HANS device innovations.
Thoughts and prayers will be with Wheldons family; may he rest in peace.
Subscribe to:
Posts (Atom)
