Socialism is a system of hallucinogenic lunatic left ideas.

The jury verdict of the business and scientific world is that the socialist's lunatic left economics and science does not work because it is dishonest and dogmatic. Just as the whole world is beginning to realize that the lunatic left can't write a truthful paper or do an honest scientific experiment, Obama goes out and tries to convince the G-8 summit nations that we should all follow the lunatic left and commit hara-kiri together with emissions cap and trade. It turns out that New Zealand was one of the first countries to embrace the lunatic left and last year they gave up on the stupid lunatic left cap-n-trade hallucination. Just when the world comes to understand thatAmerica was right all along in vetoing the Kyoto Treaty… along comes Obama and the American lunatic left.

GE/MSNBC/PRAVDA got on board and announce it is a lunatic left green company. GE is that green company that still has not cleaned up the carcinogens it has deposited in our rivers. I guess the green refers to the green slime of leftist rhetoric and inept science. And of course the lunatics think they are god like and we should all believe their twaddle

Well the lunatic left will be the demise of the democrat socialists because their policies are failing the same way the socialist policies of FDR failed. FDR inadvertantly created the Great Depression because socialism was a popular hallucinogenic idea in Europe. But Americans forgave him because he reverted back to American free enterprise, fought the German National Socialists, and stood up to the Soviet International Socialists. FDR selected Harry Truman specifically to root out the corruption that comes with socialism.

Inspectors general serve as the primary investigator and auditor at American federal agencies. They have statutory powers to investigate internal fraud, waste, abuse and mismanagement as well as conduct oversight of the recipients of stimulus funds and contractors who work with the individual agencies.

Several inspectors general have recently been dismissed by Obama following the issuance of critical reports about the agencies they monitor. This shows that the Obama administration wants no oversight of the $trillions they are giving to ACORN and other criminal, pro left, and anti-American organizations.

"The mounting evidence that there might be political interference with the IGs is disturbing," said Pete Sepp, vice president for policy and communications at the National Taxpayers Union. "The IGs are being emasculated."

"When inspectors general across the administration have roadblocks placed in their way, American taxpayers should worry. A threat to one's independence is a threat to them all," said Rep. Jeb Hensarling.


Market forces July 9
If Obama continues to hallucinate economic policy with the lunatic left it is clear investors will get even more fearful and the market and commodity futures will spiral down into a depression. The March-June rally was the result of an early "recovery hallucination" that GE/MSNBC/PRAVDA was inducing.

According to the U.S. Labor Department, the number of people who filed the first time for unemployment benefits for the week ending July 4 fell by 9% to 565,000. Incredibly it is only the first time the figure has been below 600,000 this year. However, the jobless claims figures may have been affected by the big Fourth of July holiday that closed offices for a day.


Market Outlook
We expect U.S. stocks to slide, sending the stock market into a fourth straight week of this correction. Only greater uncertainty abroad will help the dollar.

Last night most Asian markets were flat: Hong Kong up 0.4%, Japan down -1.4%, and India down -0.1%.

Most European markets were down more than 1% yesterday and this morning are up in a range of 0.7% to 1.4% half way through their session.

US futures indicate a positive beginning again this morning.

We will be cherry picking into the market during what we expect to be about two months of market decline. We expect the decline will be the typical rotation with sharp drops in individual stocks while other stocks flatten out and then decline. Therefore the change in the market indices will be more gradual.