The zombie socialist Administration has been and still is the only “Great Depression” threat we have.

Obama Homeland Security just classified conservatives and returning veterans as being as dangerous as McVey, the Oklahoma City bomber. Once again Obama blames the Bush administration for this inept and disgraceful Obama administration report.

Yes it may be true the Bush administration ordered Homeland Security to write reports but this is ten weeks into the Obama Administration and Obama made those negative final profiling conclusions to embarrass America so that he could apologize once more to the terrorists. Once again Obama blames Bush for Obama’s inept administration. Duhh… once again Obama says he knew nothing about the report. He is also about to release classified CIA information to anti American leftists to try to further embarrass Americans and to expose CIA operatives to danger. Soon he will no doubt apologize for the Puritan water boarding done in colonial times.

Yes, did you know that the early Puritans used to use water board type behavior modification all the time? They called them dunking stools. The fowl mouthed offender was tied into a stool at the end of a see-saw like pole. The offender was dunked into a pool to simulate drowning and came up coughing and gasping for air. After enough dunks their foul language or disgusting behavior was permanently corrected. They were rehabilitated in just minutes. If we used water-board dunking today in our prisons it is likely our criminals could be rehabilitated quickly and the recidivism rate would drop to near zero. Certainly the country club prison system with its color television treatment does not even work with normal criminals so it is obvious the leftist Obama proposals will never work with terrorists.

Yesterday thousands of working citizens in over 700 cities demonstrated against Obama socialist tax and spend welfare policies. They are beginning to talk about a massive demonstration in Washington DC on July 4. I went to the Hartford CT demonstration and they want term limits and to sweep out Congress in 2010 and to sweep out Obama in 2012. They are also collectively coming to the conclusion that with the exception of FOX news, PRAVDA is much more truthful than the NY Times and the other news networks.

The tax and spend policies of FDR turned a 1929 panic and recession into a great depression. On the other hand the panic of 1987 was far more severe than 2008 (25% drop in first two days in Oct 1987) and the banking collapse that followed was just as severe as this current one. The only difference was the Regan Administration was not so stupid as to proclaim we were in a great depression as Obama did and the Obama media did beginning when they thought he could win the Democrat nomination. The lingering mild 1987-92 recession caused George Bush Sr. to lose the election in 1992. That economic crisis ended quickly because the nation was not run by socialist leftist fools who wanted to create a crisis thinking Americans would be stupid enough to buy into socialism. But it is the leftist fools now running the Obama administration’s perpetual crisis just as FDR had socialist fools running his perpetual economic crisis.


Market forces

The market rose yesterday on very low volume. Also the previous week of market advances were on lower than average trading volume. That is symptomatic of the end of a rally.


Market Outlook

All the signs are saying it is time to cherry pick into a positive market position when the market pulls back in the next correction.

Jim Cramer is wrong! The threat of a “Great Depression” is not over. The zombie socialist Obama Administration has been and still is the only “Great Depression” threat we have. Until the leftist Obama administration is replaced with a pro America administration, Ron Emanuel will produce crisis after crisis to institute leftist socialist policies. Unfortunately not all those crises will only be just make-up crises.

Asian shares were down last night with Shanghai (China) down 0.1%, India down 3%, Japan up 0.1% and Hong Kong down 0.6%.

European markets are currently up in the range of 0.9% to 1.2%, mid way through their day today.

US futures indicate the American markets will start the day flat again. All the American equities markets remain extremely over bought. The FED had indicated that the recession is here at least to the end of this year. As the markets decline they will present select opportunities to astute investors seeking value by catching individual stocks that are down in higher value ranges.