Hansen is a disgrace to NASA and the American Space Program. Corruption, tax evasion, chaos, and political cronyism are the signature of Greek and Ob

Hansen is a disgrace to NASA and the American Space Program. Corruption, tax evasion, chaos, and political cronyism are the signature of Greek and Obama socialism.

Amid corruption charges and investigations the New York Governor gives up his candidacy and Rep. Charles Rangel is stepping aside from his post as Chairman of the House Ways and Means Committee.

Obama socialist believe in tax evasion, they hire illegal aliens as servants and they balance their guilt feelings by taking your money and giving it to their less affluent cronies that vote for them and often follow them around like a body guard. They are not that much different from the mob. In poor countries such as Afghanistan, Obama cronies could be the warlords or the Taliban that live off the chaos they produce. The difference between the warlords and the Taliban is the radicalism of their religious beliefs.

NASA once was a scientific government agency. But now since NASA's idiot James Hansen inspired the fraud that corrupted the NASA GISS temperature database it is just another leftist government agency and a traitor to science. Not only did NASA lie about the hottest days, but also anyone can see that the data range is much narrower now because low measured temperatures are either being omitted or are being fraudulently raised by NASA employees. For this unscientific and fraudulent activity NASA deserves to be dismantled now and have its assets sold off and redistributed to Obama cronies in ACORN, the Black Panthers and other socialist fascist groups that support the democrat-socialists. Hansen has made NASA a disgrace to science itself.

World Outlook
Obama, it’s the economy stupid!

Socialist Venezuela owes $12 billion for international company assets it seized.

Greeks discuss $5 Billion austerity program. Fat chance.

Abu Dhabi and Singapore face an additional $10 Billion Loss from propping up UBS and Citigroup.

Democrat-socialists ignore the economy and to work on a health care bill and a corrupt stimulation package that will be paid by our grandchildren and will redistribute our wealth from our children to the enemies of our freedom.

Week of Market Reports:
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.

International Business Machines Corp., the world’s largest computer-services provider, laid off 500 workers in the U.S yesterday.

Personal income increased 0.6% in February, the second consecutive gain, while spending rose 0.3%, suggesting continued economic recovery. The Commerce Department said incomes totaled a seasonally adjusted annual rate of $4.99 trillion. The March advance followed a 1% gain reported in February that had been revised down slightly from an earlier estimate of 1.1 percent.

ISM Manufacturing Index shows manufacturing continues to expand. The expansion was slower; 56.5 compared to 58.4 for January 2010. Anything over 0.5 is expansion.

Construction sector spending is contracting at a half the December pace. January construction spending month over month was -0.6% versus -1.2% in December.

Auto sales for January exceeded expectation but are still well below 2008.

ADP Jobs Report showed non-farm private employment decreased 20,000 from January to February 2010 on a seasonally adjusted basis. That employment decline was the smallest since employment began falling in February of 2008. If the recent trend continues, and given first-quarter GDP growth of 5.9%, private employment could rise next month for the first time in two years.

The ISM non-manufacturing index rose to 53% in February from 50.5% in January, marking the best reading since December 2007. Anything greater than 50% signifies growth of the services sector.

Thursday, March 4:
Unemployment Claims
Productivity
Pending Home Sales

Friday, March 5:
Labor Dept Employment Report.

Market Outlook March 4

Bill Clinton said, "It’s the economy stupid!"

Obama believes, "It is not your money, it is the governments money that that government lets you use. From each according to his ability to each according to his need."

Asian markets were down sharply over night; Shanghai down -2.4%, Hong Kong down -1.4%, India down -0.2%, and Japan down -1.1%.

European markets are flat in the range from -0.2% to 0.2% this morning about half way through their day.

Today US pre-market futures are flat again at 9:00 AM EST.

The markets are slightly above Dec 30 close and we still expect the high for this year to be about 5% to 6% higher than it is today.