Saturday, January 16, 2010

When leftist witches ran recent witch-hunts in Massachusetts, innocent families were destroyed.

The Wall Street Journal had an editorial Friday January 15 reminding us that the persecuting witch, Martha Coakley is running for Ted Kennedy's Senate seat and wants to continue her leftist reign of terror. The author of the article is Ms. Rabinowitz, a member of the WSJ editorial board and wrote a book about Martha Coakley's witch hunts entitled, No Crueler Tyrannies: Accusations, False Witness and Other Terrors of Our Times.

Last week Martha Coakley said that Catholic doctors should not be allowed to practice if they are unwilling to perform abortions. But the WSJ article focussed on her past when as a prosecutor she led the bizarre if not insane persecution of families that ran day care centers. The Amirault family members served jail time because the prosecuting Massachusetts witch, Martha Coakley pressured children to give false witness and to claim among other things that they were raped with large butcher knives and tied to trees in the front yard of the house where neighbors could see them.

Martha Coakley's demented insanity frightened people for many years until the Massachusetts parole board said the charges were absurd, there was no evidence at all, and released the accused. Persecutor Martha Coakley evidently put all the sick ideas in the minds of the children through her interrogation techniques.

I remember the case… but at the time it never occurred to me that these insane persecutors were leftists seeking to spread their self-loathing ideas to gain political power and mindlessly destroy the principles of America's founding fathers. I remember others also threw suspicion on the fundamentalist Christians and shut down at least one fundamentalist church claiming they did bizarre sexual acts at the altar as part of church services. Anyone who stood up to the persecutor's insane lies were arrested and accused of being part of it. That is how they silenced the accused. All the other church members scattered and fearfully said they had nothing to do with the church.

In any event if Martha Coakley is elected Senator of Massachusetts this coming Tuesday, people all over America will suffer the consequences. Government institutionalized false witness and other terrors are associated with more than just Iran, N. Korea, the former Soviet Union and with the WWII Nationalist Socialists (NAZI). We have our own internationally funded leftist lunatic, Martha Coakley, who wants to be in our Senate and be a ruler of America.

World Outlook
European shares turned negative by midday on Friday, reversing a three-session gaining run, pressured by weakness in banks as investor's sentiment soured after U.S. bank JPMorgan (JPM.N) reported earnings.

Market Week News:

So far this week: A survey by Bloomberg shows investors are the most bearish on Treasuries in more than two years as the reliance on government debt and taxes to revive economic growth weighs on sovereign issues.

Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
The trade deficit in the U.S. widened in November more than anticipated as the gap expanded 9.7 percent to $36.4 billion, the highest level since January 2009, from a revised $33.2 billion in October, Commerce Department data showed today in Washington. Imports increased 2.6 percent, reflecting a jump in oil prices, while exports rose to the highest level in a year.

FED's Beige book outlook. The Federal Reserve's latest economic snapshot suggests conditions are better, but still soft. Commercial vacancy rates were increasing and rents declining in most districts. Several districts reported “landlords were focused on tenant retention and that slack demand was allowing tenants to negotiate lease extensions at low rents and with favorable allowances.”
December Retail Sales unexpectedly fell 0.3% in highlighting that the largest part of the economy will be slow to recover.
The Labor Department said workers filing initial unemployment claims rose by 11,000 the previous week to 444,000. Economists had been expecting a modest increase of 3,000.
Despite the higher-than-expected increase in new claims, the number of people continuing to file for unemployment benefits fell to 4.6 million from 4.8 million the previous week. That means about 190,000 workers are no longer listed as unemployed and cannot continue to get benefits.
The University of Michigan's preliminary consumer sentiment report for January. The index rose to 72.8 but economists had forecasted 73.9. On the heels of a worse-than-expected retail sales report, the latest consumer data weighed on consumer discretionary stocks.
Also on the economic front, the Labor Department said consumer prices rose just 0.1% in December, matching estimates and suggesting the slowly recovering economy has kept inflation at bay. Excluding food and energy prices, core inflation also rose 0.1%.

The New York Fed’s manufacturing index kicked off the New Year on a bullish note, rising to 15.9.

The commodity markets fell modestly as the U.S. dollar rose against the euro. Crude, which had its four-week winning streak snapped, fell $1.39 a barrel, or 1.75%, to $78 a barrel -- its lowest close since Dec. 23.


Market forces January 16, 2010
U.S. stocks on Friday finished sharply lower on 22% higher volume after J.P. Morgan Chase & Co. reported a loss at its retail bank, triggering a sell-off in the financial sector. Fixed-income trading revenue in the fourth quarter declined from the previous three months and the firm said it was “cautious” about the outlook for consumer loan defaults. The Dow Jones Industrial Average fell 100.9 points, or 0.9%, to 10,609.65. The S&P 500 Index shed 12.43 points, or 1.1%, down 0.8% for the week. The NASDAQ Composite Index declined 28.75 points, off 1.3% for the week.

Volume on previous market advances has been very low. Trim Tabs said it must be the Obama administration supporting the stock market because no one else is.

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