Obama leftists want to weaken the American military from within and have a revolutionary guard instead.

What is wealth redistribution? One sentence sums it up. "From each according to his ability to each according to his need."

Obama gave a campaign speech where he said America needed a domestic army. He did not give it a name but the Moslem dictatorships have just two names: Revolutionary Guard or Republican Guard. Obama did not say which name he preferred.

This week the leftist Time Magazine had an essay by Nancy Gibbs that shows just how twisted the leftists are and that they want to destroy the present army so the domestic army can replace it. She said that Don't-Ask-Don't-Tell means that drunken women who are seduced by a man in the American service are not supposed to tell on the man. If they do tell then Nancy says the women can be demoted. What Nancy says is absolute nonsense. Raped women cannot be demoted for reporting a crime unless they themselves committed a crime. Unfortunately anyone committing a crime (such as being drunk on duty) can become a victim of blackmail in which case the blackmailer could go to prison and the victim can be punished for committing their own crime. It has absolutely nothing to do with Don't-Ask-Don't-Tell which originally was to protect homosexuals from being harassed or victimized if they arouse or harass others by bringing up the subject of sex. Today, fortunately, any man or woman in the Army can report sexual harassment by people who just hit on them about sex. So it is best if people who want to have sex or dirty talk just keep their personal sexual activities out of the Army.

Another reason for Don't-Ask-Don't-Tell is to prevent perverted soldiers from having any excuse for even bringing up the subject of sex so that decent soldiers (male or female) are not harassed to give favors. Sexual harassment usually comes from people with higher rank. Decent people (military and civilian) do not harass others by discussing their private sexual experiences and preferences with others unless they happen to be loony leftists like Nancy Gibbs who are either confused or deliberately trying to mislead TIME magazine readers and to destroy the American Army. Obama says he would like to eliminate Don't-Ask-Don't-Tell, which in leftist loony language is equivalent to saying its ok to hit on others of the same sex.

It has been reported that Obama is also interested in having a US Stamp to honor Moslems since there are already stamps that honor XMAS. Will he also be fair and ask for a stamp to honor Zionists who fought for their freedom? How about a stamp to honor all the people of other religions persecuted under Moslem Sharia law like the American woman that was imprisoned for giving away free Bibles in Afghanistan just before America threw out the Taliban after 911. How about honoring the Afghan women shot in the head by the Taliban for not covering their faces? They should be honored too. What about the people who would like to honor Castro, Lenin or Hitler? Why not them as well if we want to just honor great tyrannies with stamps?

The leftists have destroyed the economies of every nation they have subverted by changing their nation's democratic constitutions to constitutions that have no term limits so that communists and the Ayatollah's have perpetual rule. That is one of the greatest dangers the American economy faces today. It is from the ignorant leftist community activists who think they can control the American economy better that free Americans. And they want an army that will do their bidding so they can have a dictatorship.

But at the moment we are optimistic that Americans will throw all the leftists and their socialized General Motors and socialized medicine out this November so that the American economy and the financial markets can surge forward again based on American ingenuity and productivity. The opposite of the "American Way" is the Communist manifesto for wealth redistribution, "From each according to his ability and to each according to his need." Golly, isn't that exactly what Obama wants to do?

World Outlook
Obama, it’s the economy stupid!

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

Germans pretend to help Greece.
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.


Wednesday, March 3:
ADP Jobs Report
ISM non-manufacturing Index

Thursday, March 4:
Unemployment Claims
Productivity
Pending Home Sales

Friday, March 5:
Labor Dept Employment Report.

Market Outlook March 3
Just a 0.3% market rise will put the market in positive territory so far for this year.

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

Obama says, "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 mixed over night; Shanghai up 0.8%, Hong Kong down -0.1%, India up 1.4%, and Japan up 0.3%.

European markets are flat in the range from 0.5% to 1% this morning about half way through their day.

Today US pre-market futures are flat 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.