Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts
Monday, October 10, 2016
Tuesday, September 20, 2016
Media Darling Warren An Elitist Hypocrite
The media is gushing with accolades for Sen. Elizabeth Warren (D:MA) for going after the CEO of Wells Fargo in hearings today. "The only way Wall Street will change is if executives face jail time when they preside over massive frauds" said Warren.
It should be noted that Sen. Warren enthusiastically supports President Obama, who, as TBP reports, "has not prosecuted one banker for the largest control fraud in world history, as he assumed the role of useful puppet to the vested financial interests."
Warren is nothing more than an elitist hypocrite.
Elizabeth Warren Slams Wells' CEO Stumpf: "You Should Resign, You Should Be Criminally Investigated"
Warren is nothing more than an elitist hypocrite.
Elizabeth Warren Slams Wells' CEO Stumpf: "You Should Resign, You Should Be Criminally Investigated"
Monday, July 13, 2015
Boxed In
 |
| Bernie Sanders, I:VT |
Sanders, a socialist, is at least someone who calls it like he sees it, even recently exposing the unemployment numbers presented by the Obama administration and their propagandist partners in media as false. Salon claims FOX News (?), Hillary surrogates and Wall Street are all terrified of Bernie and his ultra left followers.
The FFE article quotes Sanders as saying the following:
The long-term deterioration of the middle class, accelerated by the Wall Street crash of 2008, has not been pretty. Since 1999, the median middle-class family has seen its income go down by almost $5,000 after adjusting for inflation, now earning less than it did 25 years ago.
The FFE disputes Sanders conclusions, presenting a video with highly respected George Mason University Prof. Don Boudreaux discussing wage stagnation. Boudreaux seems to be refuting a conclusion of former Labor Secretary Robert Reich.
Boudreaux collects a number of hits in his presentation, focusing on a period of approximately 30 years, citing a number of correct notes. However, there are areas missing in his conclusions, as there often are when trumping out statistics. Furthermore, at no point in my lifetime have economic statistics suffered such high levels of manipulation.
With a formal education in the field of economics, I could produce voluminous statistics stating whatever case I wish to make, but I can tell you from the street that income has been stagnant since the crash of 2008. In addition, virtually all of the implemented programs, while some producing temporary gains, have resulted in long term failure. To place it in simplistic terms, the economy seems "boxed in", with constraints placed upon it by a government seeking to seize increasing control over the citizenry.
The middle class is indeed staggered by orchestration under Obama, with real median household income decreasing and the pathway to wealth exponentially more difficult. But, it is not more progressivism or Bernie Sanders and his platform of socialism the country needs, it is getting government back within its means, individual accountability, adherence to the law and free market capitalism, with a reduction in taxation and, in particular, regulation.
Tuesday, June 17, 2014
Brat Threatens DC Business As Usual
Last week, in what appeared to be a stunning upset, Dave Brat, a literal unknown to a group think biased mainstream media, easily defeated House Majority Leader Eric Cantor in their Virgina GOP primary election.
Brat ran on old school republican principles, which 35 years ago would have been mainstream. However, in the world we live in today, Brat is considered extreme by the mainstream media and a threat to the daily goings on in Washington by the elite ruling class, that of which, sadly included Rep. Cantor.
Cantor had this loss coming.
He was considered a conservative when he entered Congress with such promise, but over time, not only did he forget about his home district while embracing corporations, business individuals and government engaged in crony capitalism if not crony socialism, he was embracing Obama policies, such as immigration reform, and openly working to punish those in his party deemed members of the Tea Party.
Those Tea Party members, albeit there is no actual party and these are regular citizens against a growing government, are the ones who put Cantor into Congress, and they are the ones who threw him out
In his concession speech, it was clear Cantor had no idea what hit him. Cantor vowed to continue to work hard for working class families, clueless that the infiltration in the marketplace by the government, notably through regulation and taxation, is the main problem working class families, defined here as employed families struggling to make it versus union members as defined by the left, face.
In the race, Brat had very limited capital, and was not given help from national organizations such as Tea Party Patriots and Freedom Works. While he was endorsed by a pair of radio talk show hosts, Laura Ingaham and Mark Levin, he won this race on the merits the old fashioned way.
Brat based his campaign on six Reaganesque principles, which were the following:
That the free enterprise system is the most productive supplier of human needs and economic justice,
That all individuals are entitled to equal rights, justice, and opportunities and should assume their responsibilities as citizens in a free society,
That fiscal responsibility and budgetary restraints must be exercised at all levels of government,
That the Federal Government must preserve individual liberty by observing Constitutional limitations,
That peace is best preserved through a strong national defense,
That faith in God, as recognized by our Founding Fathers is essential to the moral fiber of the Nation.
Outside of those who lack faith in their lives, who are the folks among our citizenry that do not agree with these founding principles? I sure do, and I think Brat will challenge what has clearly been a dysfunctional and broken Washington DC.
Many are quite concerned over the Cantor loss, and it may not be who you think it is. While progressive GOP members come to mind, it is really those over on the corner of Wall and Broad in the caverns of Wall Street with grave concern. Joe Weisenthal over at Business Insider implies Wall Street should be "terrified" and others noted a loss of a friend.
Without question, Brat is a threat to Wall Street, as things currently are up there, as it is not the same as it was 20 years ago, due to infiltration through open market operations and political activism. As such, many consider it somewhat of a rigged game, and as an investor of over 30 years, I agree.
Brat would welcome capital markets not politically influenced; a true free market system of buyers and sellers, without promised bailouts, too big to fail and a lack of accountability. Wouldn't we all.
Sen Minority Leader Mitch McConnell, R:KY, had proclaimed the Tea Party would be crushed in very election. Sadly, Matt Bevin failed to take him out, but crushed indeed was Eric Cantor, the first time in history a majority leader has lost in a primary.
Those progressive leaders, who are among the ruling class thinking they know better than the people, which is in contrast to our founding documents, should beware. We will not win them all, but our voice will be heard loudly, as Sen. Tad Cochran, R:MS, and Cantor found out.
One thing that can be sure; the increasing lack of Constitutional governance in DC are indicative of the future results if the citizenry keeps voting in politicians consumed with power. Therefore, I welcome election results like we saw the other night in Virginia.
Welcome Dave Brat!
 |
| Dave Brat |
Cantor had this loss coming.
He was considered a conservative when he entered Congress with such promise, but over time, not only did he forget about his home district while embracing corporations, business individuals and government engaged in crony capitalism if not crony socialism, he was embracing Obama policies, such as immigration reform, and openly working to punish those in his party deemed members of the Tea Party.
 |
| Rep. Eric Cantor |
In his concession speech, it was clear Cantor had no idea what hit him. Cantor vowed to continue to work hard for working class families, clueless that the infiltration in the marketplace by the government, notably through regulation and taxation, is the main problem working class families, defined here as employed families struggling to make it versus union members as defined by the left, face.
In the race, Brat had very limited capital, and was not given help from national organizations such as Tea Party Patriots and Freedom Works. While he was endorsed by a pair of radio talk show hosts, Laura Ingaham and Mark Levin, he won this race on the merits the old fashioned way.
Brat based his campaign on six Reaganesque principles, which were the following:
That the free enterprise system is the most productive supplier of human needs and economic justice,
That all individuals are entitled to equal rights, justice, and opportunities and should assume their responsibilities as citizens in a free society,
That fiscal responsibility and budgetary restraints must be exercised at all levels of government,
That the Federal Government must preserve individual liberty by observing Constitutional limitations,
That peace is best preserved through a strong national defense,
That faith in God, as recognized by our Founding Fathers is essential to the moral fiber of the Nation.
Outside of those who lack faith in their lives, who are the folks among our citizenry that do not agree with these founding principles? I sure do, and I think Brat will challenge what has clearly been a dysfunctional and broken Washington DC.
Many are quite concerned over the Cantor loss, and it may not be who you think it is. While progressive GOP members come to mind, it is really those over on the corner of Wall and Broad in the caverns of Wall Street with grave concern. Joe Weisenthal over at Business Insider implies Wall Street should be "terrified" and others noted a loss of a friend.
Without question, Brat is a threat to Wall Street, as things currently are up there, as it is not the same as it was 20 years ago, due to infiltration through open market operations and political activism. As such, many consider it somewhat of a rigged game, and as an investor of over 30 years, I agree.
Brat would welcome capital markets not politically influenced; a true free market system of buyers and sellers, without promised bailouts, too big to fail and a lack of accountability. Wouldn't we all.
Sen Minority Leader Mitch McConnell, R:KY, had proclaimed the Tea Party would be crushed in very election. Sadly, Matt Bevin failed to take him out, but crushed indeed was Eric Cantor, the first time in history a majority leader has lost in a primary.
Those progressive leaders, who are among the ruling class thinking they know better than the people, which is in contrast to our founding documents, should beware. We will not win them all, but our voice will be heard loudly, as Sen. Tad Cochran, R:MS, and Cantor found out.
One thing that can be sure; the increasing lack of Constitutional governance in DC are indicative of the future results if the citizenry keeps voting in politicians consumed with power. Therefore, I welcome election results like we saw the other night in Virginia.
Welcome Dave Brat!
Tuesday, January 29, 2013
Tacking Tangible
The market indexes have been on quite some run.
If I could get a handle on all the lines of action going on on Wall Street, not only would I be a ventriloquist, I would be beyond wealthy. I am not.
The FED has increased the money supply by engaging in monetizing the debt, otherwise considered printing money, and that has resulted in excess money chasing too few assets, pushing the asset prices higher.
Due to the abysmal housing market, which cannot gain ground due to a horrendous job market and extensive regulation through Dodd-Frank, real estate investing has not been the avenue of choice for investors. Gold and the stock market has.
A review of the NASDAQ after the close today shows the index increasing five year highs, and this has been a great run if you have been along for the ride. Take a look, but note the market level variance from the relative strength:
While markets are forward looking and do not always reflect the current status of the economic realities on the ground, given our economy, it is reasonable to conclude the stock market should not be lurching into a parabolic assault on historical highs. With an employment participation rate having retracted to levels not seen since the Reagan administration, a manipulated unemployment rate parked at levels not witnessed since The Great Depression, governmental assaults on small business, class warfare on the wealthy and putrid growth in the Gross Domestic Product, one has to wonder why the dichotomy between the capital markets and the reality on the ground.
As the excellent blog Zero Hedge accurately pointed out, many economic measures are breaking down, and while the Case Schiller Housing Index has shown signs of life depending on how you analyze the data, even though a shadow inventory remains, the housing market remains bottoming.
If housing is improving, with the state of the economy, one must conclude rising investor participation as first time home buyers are scarce. If investors are becoming more interested in real estate, what market has fallen into disfavor and why? The stock market?
Indications are yes.
In fact, as BloombergBusinessweek reported, some $114 billion US Bank deposits have been withdrawn, at the fastest pace since the September 11, 2001 attacks.
Apparently, few know why.
Paul Miller, a bank analyst with FBR Capital Markets, cautions against reading too much into the Fed’s weekly data. “It’s a noisy database,” he says. No kidding. With a media complicit in propaganda, and the FED intervening in market action in unprecedented levels, it is most difficult to accurately value equities. It is the FED behind the curtain who is crowding banks out of the mortgage origination market and setting unreasonable credit requirements for lending practice, handicapping the housing market even with manipulated easy money.
But is there a correlation between rising housing investment and what looks to be a topping out of the DOW and NASDAQ? Further, in anticipation of a market collapse, would tangible assets such as real estate become the favored investment?
Without government interaction, even though they have been replenishing their balance sheets borrowing free money from the Fed, banks could not withstand a major economic collapse. Further, unwinding the hypothecation would be catastrophic. If the clients of Jon Corzoine at MF Global are any indication, get your money while you can. Maybe investors are.
No matter what market developments lay in store for us, a few things are certain in my view. The housing market remains broken and cannot recover without a recovering job market. The market has been compromised and true evaluation is not possible. And, unfortunately and most notably, the rule of law and trust of the marketplace, integral for the survival of a free market capitalist system, has been violated.
As I have previously mentioned, until the rule of law is reestablished with the government becoming a bystander, allowing the FED to resume normal open market operations, the market place will remain compromised and a playground for the crony crowd.
Given the increasing turbulence, while I don't know what I am having for lunch tomorrow, I sense a major storm brewing both port and starboard. Caveat Emptor.
If I could get a handle on all the lines of action going on on Wall Street, not only would I be a ventriloquist, I would be beyond wealthy. I am not.
The FED has increased the money supply by engaging in monetizing the debt, otherwise considered printing money, and that has resulted in excess money chasing too few assets, pushing the asset prices higher.
Due to the abysmal housing market, which cannot gain ground due to a horrendous job market and extensive regulation through Dodd-Frank, real estate investing has not been the avenue of choice for investors. Gold and the stock market has.
A review of the NASDAQ after the close today shows the index increasing five year highs, and this has been a great run if you have been along for the ride. Take a look, but note the market level variance from the relative strength:
 |
| Weekly NASDAQ chart/Investors.com |
As the excellent blog Zero Hedge accurately pointed out, many economic measures are breaking down, and while the Case Schiller Housing Index has shown signs of life depending on how you analyze the data, even though a shadow inventory remains, the housing market remains bottoming.
If housing is improving, with the state of the economy, one must conclude rising investor participation as first time home buyers are scarce. If investors are becoming more interested in real estate, what market has fallen into disfavor and why? The stock market?
Indications are yes.
In fact, as BloombergBusinessweek reported, some $114 billion US Bank deposits have been withdrawn, at the fastest pace since the September 11, 2001 attacks.
Apparently, few know why.
Paul Miller, a bank analyst with FBR Capital Markets, cautions against reading too much into the Fed’s weekly data. “It’s a noisy database,” he says. No kidding. With a media complicit in propaganda, and the FED intervening in market action in unprecedented levels, it is most difficult to accurately value equities. It is the FED behind the curtain who is crowding banks out of the mortgage origination market and setting unreasonable credit requirements for lending practice, handicapping the housing market even with manipulated easy money.
But is there a correlation between rising housing investment and what looks to be a topping out of the DOW and NASDAQ? Further, in anticipation of a market collapse, would tangible assets such as real estate become the favored investment?
Without government interaction, even though they have been replenishing their balance sheets borrowing free money from the Fed, banks could not withstand a major economic collapse. Further, unwinding the hypothecation would be catastrophic. If the clients of Jon Corzoine at MF Global are any indication, get your money while you can. Maybe investors are.
No matter what market developments lay in store for us, a few things are certain in my view. The housing market remains broken and cannot recover without a recovering job market. The market has been compromised and true evaluation is not possible. And, unfortunately and most notably, the rule of law and trust of the marketplace, integral for the survival of a free market capitalist system, has been violated.
As I have previously mentioned, until the rule of law is reestablished with the government becoming a bystander, allowing the FED to resume normal open market operations, the market place will remain compromised and a playground for the crony crowd.
Given the increasing turbulence, while I don't know what I am having for lunch tomorrow, I sense a major storm brewing both port and starboard. Caveat Emptor.
Monday, August 20, 2012
In Plain Sight
The Gaffmaster, Vice President Joe Biden, is really struggling for friction out on the campaign trail. Recently, his rhetoric has been so far off the mark, Sarah Palin thought he might should be replaced on the ticket with Hillary Clinton and Rudy Giuliani thought he might not have the mental capacity to be President God forbid he should have to.
These recent gaffes even have the American Crossroads PAC out with a fresh new ad, which not withstanding the comedy, identifies a very sad situation.
There is no question Joe Biden is not among the critical thinkers of our day, surely is not well read and seems to lack intellectual curiosity, which may be a result of being a lifelong politician. But is Biden really this idiotic, or is he using distractionary moves complicit in an often utilized Obama administration tool of creating distractions in an effort to conceal the real goings on?
Take a close listen to Biden during his "chains' remark, which set off a major firestorm:
Did you catch what I did? No, it is not that he is talking about the help needed from the crowd in Virginia to help win North Carolina.
Biden described a potential Romney administration would unchain Wall Street, allowing them to write their own rules. One could suggest that this is simply another in a long line of the misrepresentation of the facts, but for team Obama, but that would be masking the truth. After all, it is Obama and the Democrats that are ignoring the rule of law and allowing banks to engage in theft without fear of prosecution.
On the same day Biden was seemingly wrestling with reality, a report surfaced that in aftermath of financial fallout over the bankruptcy of MF Global, formal charges against CEO Jon Corzine and other MF Global executives are not expected. Corzine, the former Governor of New Jersey, Goldman Sachs CEO and high ranking Democrat bungler with strong ties to the Obama administration, is alleged to have commingled account funds with house funds and lost it all betting on European arbitrage. In other words, he engaged in theft of customer money.
Ann Barnhardt, a former independent introducing brokerage company who shut down her cattle futures business after she deemed integrity in the futures market was lost, has long predicted Corzine would walk away scott free. She was right.
If an enforceable rule of law is not present in our capital markets, which have a major moral component, at the brokerage level, then at some point, perhaps during a crisis, no dollar is safe. It is bad enough that folks in high places like Corzine get away with this type of theft, but to have the administration, who through the likes of Solyndra and numerous examples of crony capitalism has rewarded friends and supporters with tax dollars, run off at the mouth about how it is the Republicans that allow white collar law breakers to escape the grip of the rule of law is farcical and shameful.
While the mainstream media appropriately hammers Biden on his "chains" remark,insensitive at best to our fellow black Americans, nobody seems to have caught the Obama-Biden team in a situation in which they are not simply misrepresenting the truth, but lying to your face about a enforcing the rule of law in an arena that is the center of the financial crisis our country has been languishing in.
Obviously, the Obama administration actions does not match their rhetoric, and the horrendous results that they now fully own are nothing short of abysmal. With nothing to run on or with, you might think they could at least acknowledge some level of truth, but no such luck.
Their lies are right out in front for all of the electorate to see; in plain sight.
There is no question Joe Biden is not among the critical thinkers of our day, surely is not well read and seems to lack intellectual curiosity, which may be a result of being a lifelong politician. But is Biden really this idiotic, or is he using distractionary moves complicit in an often utilized Obama administration tool of creating distractions in an effort to conceal the real goings on?
Take a close listen to Biden during his "chains' remark, which set off a major firestorm:
Did you catch what I did? No, it is not that he is talking about the help needed from the crowd in Virginia to help win North Carolina.
Biden described a potential Romney administration would unchain Wall Street, allowing them to write their own rules. One could suggest that this is simply another in a long line of the misrepresentation of the facts, but for team Obama, but that would be masking the truth. After all, it is Obama and the Democrats that are ignoring the rule of law and allowing banks to engage in theft without fear of prosecution.
On the same day Biden was seemingly wrestling with reality, a report surfaced that in aftermath of financial fallout over the bankruptcy of MF Global, formal charges against CEO Jon Corzine and other MF Global executives are not expected. Corzine, the former Governor of New Jersey, Goldman Sachs CEO and high ranking Democrat bungler with strong ties to the Obama administration, is alleged to have commingled account funds with house funds and lost it all betting on European arbitrage. In other words, he engaged in theft of customer money.
Ann Barnhardt, a former independent introducing brokerage company who shut down her cattle futures business after she deemed integrity in the futures market was lost, has long predicted Corzine would walk away scott free. She was right.
If an enforceable rule of law is not present in our capital markets, which have a major moral component, at the brokerage level, then at some point, perhaps during a crisis, no dollar is safe. It is bad enough that folks in high places like Corzine get away with this type of theft, but to have the administration, who through the likes of Solyndra and numerous examples of crony capitalism has rewarded friends and supporters with tax dollars, run off at the mouth about how it is the Republicans that allow white collar law breakers to escape the grip of the rule of law is farcical and shameful.
While the mainstream media appropriately hammers Biden on his "chains" remark,insensitive at best to our fellow black Americans, nobody seems to have caught the Obama-Biden team in a situation in which they are not simply misrepresenting the truth, but lying to your face about a enforcing the rule of law in an arena that is the center of the financial crisis our country has been languishing in.
Obviously, the Obama administration actions does not match their rhetoric, and the horrendous results that they now fully own are nothing short of abysmal. With nothing to run on or with, you might think they could at least acknowledge some level of truth, but no such luck.
Their lies are right out in front for all of the electorate to see; in plain sight.
Monday, April 9, 2012
Doubting Thomas
America is awaiting word from The Supreme Court regarding the Affordable Care Act, otherwise know as Obamacare. The announcement is scheduled to be forthcoming in June.
Last week, President Obama launched what could not be mistaken as anything other than an attack on The Supreme Court and their validity, sparking outrage across the political spectrum and signaling odds of him being tipped off to the result. Of course, with the overwhelming stench of arrogance surrounding Obama, it is often hard to tell where he is at.
I think Obama was tipped off that the SCOTUS will be overturning the Affordable Care Act as unconstitutional, which, to use Obama phraseology, most historical scholars and Constitutional law professors find it to be. If so, Obama, who will have spent most all of his first two years working to get this passed while the economy of the country is in a downward spiral, did all this work on something unconstitutional, something given his background, he might have known.
For sure, Obama knew all about it. Obamacare is not about providing you and your Grandma health care, but rather gaining sizable control over your behavior. Familiar with Cass Sunstein are you? But voters will not appreciate Obama wasting time on this freedom snatching legislation governing against the will of the people, and therefore, ahead of the election Obama feels he must discredit the Supremes to blame them for taking way the "right" of health care from the people.
With the attack on the Supremes by Obama last week, it has begun.
My sources inform that Justice Thomas will write the opinion, and somehow the administration must agree. Seemingly on cue, out of nowhere, comes Obama surrogates to discredit Judge Thomas. Enter Rev. Jeremiah Wright, who emerged over the weekend to hammer his usual targets, Caucasians, Wall Street and America. However, Justice Thomas was included in this tirade, and the reason behind that is that he must singularly, outside of the court itself, be discredited since he will author the ruling.
These are the tactics of a community organizer, lessons learned well as a disciple of Saul Alinsky and his rules for radicals. Ridicule opponents, marginalize them and achieve your desired outcome by any means necessary, with morality a non issue.
You could say that it is sad our President has stooped to these levels, but you have not been paying attention. Obama has operated this way from the beginning, with two examples being uncalled for slap downs Of John McCain and Paul Ryan; behavior not becoming the President.
Attacks on the Supremes, and Judge Clarence Thomas, will continue, so be advised. Don't doubt me, or Judge Thomas, for that matter.
Last week, President Obama launched what could not be mistaken as anything other than an attack on The Supreme Court and their validity, sparking outrage across the political spectrum and signaling odds of him being tipped off to the result. Of course, with the overwhelming stench of arrogance surrounding Obama, it is often hard to tell where he is at.
I think Obama was tipped off that the SCOTUS will be overturning the Affordable Care Act as unconstitutional, which, to use Obama phraseology, most historical scholars and Constitutional law professors find it to be. If so, Obama, who will have spent most all of his first two years working to get this passed while the economy of the country is in a downward spiral, did all this work on something unconstitutional, something given his background, he might have known.
For sure, Obama knew all about it. Obamacare is not about providing you and your Grandma health care, but rather gaining sizable control over your behavior. Familiar with Cass Sunstein are you? But voters will not appreciate Obama wasting time on this freedom snatching legislation governing against the will of the people, and therefore, ahead of the election Obama feels he must discredit the Supremes to blame them for taking way the "right" of health care from the people.
With the attack on the Supremes by Obama last week, it has begun.
My sources inform that Justice Thomas will write the opinion, and somehow the administration must agree. Seemingly on cue, out of nowhere, comes Obama surrogates to discredit Judge Thomas. Enter Rev. Jeremiah Wright, who emerged over the weekend to hammer his usual targets, Caucasians, Wall Street and America. However, Justice Thomas was included in this tirade, and the reason behind that is that he must singularly, outside of the court itself, be discredited since he will author the ruling.These are the tactics of a community organizer, lessons learned well as a disciple of Saul Alinsky and his rules for radicals. Ridicule opponents, marginalize them and achieve your desired outcome by any means necessary, with morality a non issue.
You could say that it is sad our President has stooped to these levels, but you have not been paying attention. Obama has operated this way from the beginning, with two examples being uncalled for slap downs Of John McCain and Paul Ryan; behavior not becoming the President.
Attacks on the Supremes, and Judge Clarence Thomas, will continue, so be advised. Don't doubt me, or Judge Thomas, for that matter.
Tuesday, October 18, 2011
An Organized Collection Of Useful Idiots
A culmination of unfortunate events, some decades old, have led to many of those in their 20's being very torqued. Propelled and partially financed by radical extremists and embolden by the thuggery of the Obama Administration, many of the disgruntled young people have joined leftist groups coming together to protest everything American across the nation in what has become known as Occupy Wall Street.
Regrettably, what we actually have is leftist organizations, many backed by billionaire George Soros, supporting a group of young people who are sadly nothing more than useful idiots as many have no idea about what they are protesting, or basic economic theory for that matter.
Try to grasp you brain around the comments of these protesters in Occupy Oakland:
With the focus of the protests in Zuccotti Park in lower Manhattan, the King of all Media, New York's Howard Stern, sent staff members down to get an assessment of what is happening. While FOX News host Geraldo Rivera was deeply moved, Stern and sidekick Robin Quivers were far from impressed.
FOX Business reporter and Wall Street veteran Charles Gasparino found nothing but Marxists.
It should be noted that the owners of Zuccotti Park, Brookfield Office Properties (BPO:NYSE), have ulterior motives for allowing the lawlessness taking place in the park as they have green energy interests that have received stimulus money from the Obama administration, as reported by the Business Insider.
Beyond the incredible lack of knowledge regarding common economic theory and business practices abound, another serious problem is very visible among the protesters. Not only rapidly growing globally, again fueled by Obama, anti-Israel sentiment is rampant. Get a load of this piece of garbage, whose parents must be beaming:
President Obama has stopped just short of vocalizing full support of these anti-American free loaders, but many of his friends and cohorts, Van Jones among them, are in full support. Chaos is an ally of this group, as they never let a crisis go to waste. In what is an excellent but unfortunate true dig at the always present straw man argument of President Obama, some aim to "re-create 68", complete with violence. God help us all!
If the young people, with sound education, massive debt, no jobs and a true fear for the future were not political lemmings, they would easily recognize that any protests belong not at Wall Street, but at 1600 Pennsylvania Avenue due the horrendous economic policies engaged by the Obama administration.
Certainly, many big corporations have acted with malice leading up to and during this recession, as has government. Fannie Mae (FNMA:OTC), Freddie Mac (FMCC:OTC) and Bank of America (BAC:NYSE) come to mind. For me, I am working hard to distance myself from JP Morgan Chase (JPM:NYSE), Bank of America and General Electric (GE:NYSE). In addition, as a proud lifetime user of General Motors (GM:NYSE) vehicles, purchasing another new GM product is now on hold due their interaction with Obama.
While those who have broken the law on the corner of Wall and Broad must be punished, the young people protesting should embrace Wall Street and utilize it to build wealth for their future. Wall Street capital is the lifeblood for many growth companies, and investment opportunities are plentiful. Sure, you can get burned (have I told you the story of my investment in Level 3 Communications? (LVLT:NASDAQ), but you can also build quite a nest egg and you may even hit one like Google (GOOG:NASDAQ).
Of course, understanding basic economics is a must. Those protesting must recognize that for everything they get for free, someone somewhere paid for it. There is no free lunch. In a society with no incentives, innovations will be rare, which will lead ultimately to a dying society. Is America already committing suicide? Patrick J. Buchanan dives into the issue in his new book "Suicide of a Superpower".
Incentive and innovation produce many of the products these dopes are running around using, from cell phones to I-Pads. Many are seeking use of the restroom at a nearby McDonalds, one of the greatest growth stories of all time.
I encourage the protesters to join the party by buying in on Wall and Broad! Snare 100 shares of McDonalds (MCD:NYSE) and see what happens over the next decade or so. Become a shareholder, with skin in the game. Then, provided we adequately squelch the socialist uprising and re-establish once and for all the The Kudlow Creed that free market capitalism is the best path to prosperity, America will return to all her glory.
Regrettably, what we actually have is leftist organizations, many backed by billionaire George Soros, supporting a group of young people who are sadly nothing more than useful idiots as many have no idea about what they are protesting, or basic economic theory for that matter.
Try to grasp you brain around the comments of these protesters in Occupy Oakland:
With the focus of the protests in Zuccotti Park in lower Manhattan, the King of all Media, New York's Howard Stern, sent staff members down to get an assessment of what is happening. While FOX News host Geraldo Rivera was deeply moved, Stern and sidekick Robin Quivers were far from impressed.
FOX Business reporter and Wall Street veteran Charles Gasparino found nothing but Marxists.
It should be noted that the owners of Zuccotti Park, Brookfield Office Properties (BPO:NYSE), have ulterior motives for allowing the lawlessness taking place in the park as they have green energy interests that have received stimulus money from the Obama administration, as reported by the Business Insider.
Beyond the incredible lack of knowledge regarding common economic theory and business practices abound, another serious problem is very visible among the protesters. Not only rapidly growing globally, again fueled by Obama, anti-Israel sentiment is rampant. Get a load of this piece of garbage, whose parents must be beaming:
President Obama has stopped just short of vocalizing full support of these anti-American free loaders, but many of his friends and cohorts, Van Jones among them, are in full support. Chaos is an ally of this group, as they never let a crisis go to waste. In what is an excellent but unfortunate true dig at the always present straw man argument of President Obama, some aim to "re-create 68", complete with violence. God help us all!
If the young people, with sound education, massive debt, no jobs and a true fear for the future were not political lemmings, they would easily recognize that any protests belong not at Wall Street, but at 1600 Pennsylvania Avenue due the horrendous economic policies engaged by the Obama administration.
Certainly, many big corporations have acted with malice leading up to and during this recession, as has government. Fannie Mae (FNMA:OTC), Freddie Mac (FMCC:OTC) and Bank of America (BAC:NYSE) come to mind. For me, I am working hard to distance myself from JP Morgan Chase (JPM:NYSE), Bank of America and General Electric (GE:NYSE). In addition, as a proud lifetime user of General Motors (GM:NYSE) vehicles, purchasing another new GM product is now on hold due their interaction with Obama.
While those who have broken the law on the corner of Wall and Broad must be punished, the young people protesting should embrace Wall Street and utilize it to build wealth for their future. Wall Street capital is the lifeblood for many growth companies, and investment opportunities are plentiful. Sure, you can get burned (have I told you the story of my investment in Level 3 Communications? (LVLT:NASDAQ), but you can also build quite a nest egg and you may even hit one like Google (GOOG:NASDAQ).Of course, understanding basic economics is a must. Those protesting must recognize that for everything they get for free, someone somewhere paid for it. There is no free lunch. In a society with no incentives, innovations will be rare, which will lead ultimately to a dying society. Is America already committing suicide? Patrick J. Buchanan dives into the issue in his new book "Suicide of a Superpower".
Incentive and innovation produce many of the products these dopes are running around using, from cell phones to I-Pads. Many are seeking use of the restroom at a nearby McDonalds, one of the greatest growth stories of all time.
I encourage the protesters to join the party by buying in on Wall and Broad! Snare 100 shares of McDonalds (MCD:NYSE) and see what happens over the next decade or so. Become a shareholder, with skin in the game. Then, provided we adequately squelch the socialist uprising and re-establish once and for all the The Kudlow Creed that free market capitalism is the best path to prosperity, America will return to all her glory.
Thursday, October 6, 2011
Heartless on America
President Obama spoke with the local NBC affiliate, NBC-WESH-2, and proceeded to call America soft. Sadly, in many ways, he is correct. But not for the reasons you, or he, might think.
The cradle to grave government progressive socialist policies are what has lead many Americans to shriek personal responsibility, work ethic and discipline leading them to operate in bewilderment void of leadership.
President Obama reeks of this, lacking in leadership and ducking responsibility claiming it is everyone else fault, which leads many of our young people seeking answers down the wrong path. Have you seen the useful idiots protesting down on Wall Street?
But while America is focusing on Obama's soft comment, I saw something else in the video that confirms my previous thought process on Obama and his fondness for America. Please see the video:
America is a great country, and that should be firm in the hearts of our citizens. But, oh my goodness, did Obama have difficulty getting that out. Why? This should roll right off the lips from our President, coming straight from the heart. It doesn't.
Imagine a father speaking of his son in this fashion? What if you were commenting on your spouse with this level of love and sparkle in your eye? Good Grief.
It is indeed most concerning, but it is clear from his actions, which extend far, far beyond the stuttering video, that Obama does not love America the way you and I do. Recall Michelle Obama announced she had just become proud of her country during the '08 campaign while Obama set forth 5 days before being elected to transform this nation. I conclude the Obama's are not representative of those who love this country deep in the heart.
Look around. It is time to call a spade a spade, and find with whom you stand. I am strongly against the transformation of our great land and stand strong in the fire behind our founding principles and those who will help restore this nation based on first principles.
What say you?
The cradle to grave government progressive socialist policies are what has lead many Americans to shriek personal responsibility, work ethic and discipline leading them to operate in bewilderment void of leadership.
President Obama reeks of this, lacking in leadership and ducking responsibility claiming it is everyone else fault, which leads many of our young people seeking answers down the wrong path. Have you seen the useful idiots protesting down on Wall Street?
But while America is focusing on Obama's soft comment, I saw something else in the video that confirms my previous thought process on Obama and his fondness for America. Please see the video:
America is a great country, and that should be firm in the hearts of our citizens. But, oh my goodness, did Obama have difficulty getting that out. Why? This should roll right off the lips from our President, coming straight from the heart. It doesn't.
Imagine a father speaking of his son in this fashion? What if you were commenting on your spouse with this level of love and sparkle in your eye? Good Grief.
It is indeed most concerning, but it is clear from his actions, which extend far, far beyond the stuttering video, that Obama does not love America the way you and I do. Recall Michelle Obama announced she had just become proud of her country during the '08 campaign while Obama set forth 5 days before being elected to transform this nation. I conclude the Obama's are not representative of those who love this country deep in the heart.
Look around. It is time to call a spade a spade, and find with whom you stand. I am strongly against the transformation of our great land and stand strong in the fire behind our founding principles and those who will help restore this nation based on first principles.
What say you?
Tuesday, April 27, 2010
Supply Side Fuels Economic Growth
The transformation of The United States of America is in full scale operation, from passing legislation our elected officials have limited knowledge of the contents of to shifting language that skirts the truth and evades transparency while implementing legislation our founding fathers would fight against. It is appalling.
Remember no family will making over $250k annually will see their taxes go up? Lie or deception? Obama claims the worst of the economic downturn is behind us due to his administrations activities. Don't bet on it.
Taxes are going up substantially, which curbs economic growth. With that being said, two economic titans recently visited with CNBC's Larry Kudlow to discuss tax rates and their impact on our economy going forward.
The economic activity of the Obama administration is going to prolong the economic crisis we are in (not behind us) and the aftermath will be painful if things are not overturned in November.
Credit markets are not in good shape, and yesterday we saw a big spike in the VIX, a measure of volatility. Pigs don't fly, and the financial stability in Portugal, Italy, Ireland, Greece and Spain remains in critical condition. Canary if the coal mine for the US six months from now? How far will the dominoes fall? Will California follow suit?
In the end, while the stock market is up after companies have beaten dramatically reduced earnings estimates and reduced inventories have been restocked, I remain convinced another downturn is coming. With our irresponsibly expanding and unsustainable debt, we a high fastball to face from real trouble, but then again, that may be the emergency the administration is looking for to further transform our once great economic system and country.
As always in this Obama era, watch the other hand.
Remember no family will making over $250k annually will see their taxes go up? Lie or deception? Obama claims the worst of the economic downturn is behind us due to his administrations activities. Don't bet on it.
Taxes are going up substantially, which curbs economic growth. With that being said, two economic titans recently visited with CNBC's Larry Kudlow to discuss tax rates and their impact on our economy going forward.
The economic activity of the Obama administration is going to prolong the economic crisis we are in (not behind us) and the aftermath will be painful if things are not overturned in November.
Credit markets are not in good shape, and yesterday we saw a big spike in the VIX, a measure of volatility. Pigs don't fly, and the financial stability in Portugal, Italy, Ireland, Greece and Spain remains in critical condition. Canary if the coal mine for the US six months from now? How far will the dominoes fall? Will California follow suit?
In the end, while the stock market is up after companies have beaten dramatically reduced earnings estimates and reduced inventories have been restocked, I remain convinced another downturn is coming. With our irresponsibly expanding and unsustainable debt, we a high fastball to face from real trouble, but then again, that may be the emergency the administration is looking for to further transform our once great economic system and country.
As always in this Obama era, watch the other hand.
Sunday, February 21, 2010
Obama's ACORN a Cancer on Prosperity
As we sit in the midst of a housing crisis of unprecedented magnitude, one of the main culprits, ACORN, has essentially gotten a pass from our governmental officials and the mainstream media.
While bank executives have been targeted and vilified by Congressional committees and our President, it took a couple of young aspiring journalists posing as a pimp and prostitute to get the government to take notice of ACORN. The aftermath of that caused some politicians to distance themselves from the organization while others blatantly vocalized their support. Others, including a former ACORN lawyer, lied to the American people about the extent of their relationship with the organization: President Barack Obama.
A handful of politicians have been doing everything they can to expose this organization of corruption and civil disobedience, including Representatives Michele Bachmann (R:MN) and Darrell Issa (R:CA), ranking reform member of the Committee on Oversight and Government Reform. Issa released a statement and the following video, which is in full scale contradiction to the public comments made by Obama on the campaign trail. Take a listen:
HT/GATEWAY PUNDIT
After being exposed, ACORN was temporarily cut off from receiving any funding from the government until last Halloween, when business as usual picked up where it left off. And that in itself is most troubling.
ACORN, who has been charged with voter fraud, was complicit in the housing crisis by shaking down banks and intimidating them to lend to less than desirable borrowers. Forcibly interfering in the marketplace through intimidation, fraud and civil disobedience by ACORN and unions such as SEIU are purported to be of benefit to our communities, but in fact are a cancer on growth and prosperity due to the inefficiencies they create and legalities they flirt with violating.
Among the young attorneys fighting the banks on behalf of ACORN was Barack Obama. During the rise of Obama to the office of the Presidency, as the negative publicity swirled around ACORN, Obama skirted the truth at best in describing to the American people his relationship with the community organization. In fact, since his election, Andy Stern of SEIU is reported to be the most frequent visitor to the White House.
While Obama publicly ridicules bank presidents and Wall Street firms for their role in the crisis, and they do have one, he fails to take responsibility for his voting record and the role organizations he supports had. Obama is, to be kind, disingenuous with the American people, and if you have not seen through his lack of honesty and transparency as of yet, perhaps you will now.
While bank executives have been targeted and vilified by Congressional committees and our President, it took a couple of young aspiring journalists posing as a pimp and prostitute to get the government to take notice of ACORN. The aftermath of that caused some politicians to distance themselves from the organization while others blatantly vocalized their support. Others, including a former ACORN lawyer, lied to the American people about the extent of their relationship with the organization: President Barack Obama.
A handful of politicians have been doing everything they can to expose this organization of corruption and civil disobedience, including Representatives Michele Bachmann (R:MN) and Darrell Issa (R:CA), ranking reform member of the Committee on Oversight and Government Reform. Issa released a statement and the following video, which is in full scale contradiction to the public comments made by Obama on the campaign trail. Take a listen:
HT/GATEWAY PUNDIT
After being exposed, ACORN was temporarily cut off from receiving any funding from the government until last Halloween, when business as usual picked up where it left off. And that in itself is most troubling.
ACORN, who has been charged with voter fraud, was complicit in the housing crisis by shaking down banks and intimidating them to lend to less than desirable borrowers. Forcibly interfering in the marketplace through intimidation, fraud and civil disobedience by ACORN and unions such as SEIU are purported to be of benefit to our communities, but in fact are a cancer on growth and prosperity due to the inefficiencies they create and legalities they flirt with violating.
Among the young attorneys fighting the banks on behalf of ACORN was Barack Obama. During the rise of Obama to the office of the Presidency, as the negative publicity swirled around ACORN, Obama skirted the truth at best in describing to the American people his relationship with the community organization. In fact, since his election, Andy Stern of SEIU is reported to be the most frequent visitor to the White House.
While Obama publicly ridicules bank presidents and Wall Street firms for their role in the crisis, and they do have one, he fails to take responsibility for his voting record and the role organizations he supports had. Obama is, to be kind, disingenuous with the American people, and if you have not seen through his lack of honesty and transparency as of yet, perhaps you will now.
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