Obama shames the USA again taking his international socialist anti-USA politics to the world court.

Obama shames the USA again taking his international socialist anti-USA politics to the world court.

Socialists are not as virulent as international socialists (communist idealists) are who believe in international displays of their mock justice. Obama yesterday had Hilary take the Arizona illegal alien law to the UN for review as potentially a human rights violation. Obama is also abusing his authority by persecuting Arizona law enforcement for making their male prisoners work in pink prison clothes. Obama is disgracing the USA with his sinister clown behavior. He does not have any copy of his original USA birth certificate because there is none. All he has is a modern facsimile that Hawaii issued long after his birth and college records that prove he is a felon either for claiming to be an American or for falsifying his foreign citizenship to get foreign student financial assistance to a US university. When Obama is thrown out of office he needs to be investigated and have all his "secret" documents put on Wikipedia the way the lunatic left likes to do things. If he has nothing to hide he would just make these records public and not say he "can't walk around with them pasted on his head."

Obama did not get smart yet and fire his leftist lunatic left fringe economic advisors. Yesterday Obama blamed Republicans again for his own ineffectiveness. Obama has become an economic distraction not an aid. Some would say his continuous blaming of others and never taking responsibility is just more clowning around. Obama, the sinister clown, running a government is an unsettling thought.

Several hundred thousand Americans gathered in Washington Sunday to protest the leftist Obama administration's erosions of American liberties with his redistribution of income from earners to primarily people of Obama's own race. Obama is a racist as we can see his redistribution breakdown is racist. If we elected a white man from Alabama and he gave a disproportionate portion of $trillion to white folk would not he be declared a racist?

Unfortunately people who lack a work ethic tend to live in places where they don't have to do much work for shelter or to keep from freezing in the winter. They don't like the cold where the lazy freeze to death. They only migrate to colder climates when there are liberal/progressive dominated Christian countries willing to furnish them with food and shelter and an unearned income. This is the primary reason for the immigration problems in the USA and Western Europe. You don't see them migrating to communist countries or theocratic Moslem states. Americans do not owe socialist-liberal/progressive-union-lazy-state/federal government workers, indigents, and perverts a life. They need to create a life of their own.

World Markets:
The world markets including China are continuing to take their cues from the USA. US down, Asia down. That is because the USA is the major innovator and buyer of finished products.

Economic Calendar
We are seeing manipulated leftist Obama government statistics again with wide data scatter and swing in corrections as big as the reported changes themselves. Leftists are historically corrupt and manufacture useless statistics as propaganda.

Last week:
Biden was out telling people the recession is over just as another half million Americans lost their jobs! The second quarter GDP growth estimate was lowered from 2.4% to 1.6%. The original first manipulated Obama number was over 3% more than twice the original number. In addition to the GDP figures, there are GDP deflators, which measure the change in prices in total GDP and for each component. The deflator was increased to 1.9%. That implies the growth was all from price inflation. In fact there may have been a 0.1% contraction in the second quarter. GE/MSNBC/Pravda did not report the contraction because that would show that giving the $1Trillion to bail out union and government worker pensions, to provide pretend-work green jobs, and to give thousands to welfare indigents and housing grants primarily to people of Obama's race… all failed to stimulate the economy one iota.

Yesterday
Personal Income Jul increased 0.2% after no improvement the last month
Personal Spending Jul increased 0.4% after no change last month
PCE Prices - Core Jul prices increased 0.1% which is also good as it is not deflation.
All good news but market was down 1.4%

Today
Aug 31 9:00 AM Case-Shiller 20-city Index Jun
Aug 31 9:45 AM Chicago PMI Aug
Aug 31 10:00 AM Consumer Confidence Aug
Aug 31 2:00 PM Minutes of FOMC Meeting 08/10 - -
This week
Sep 1 8:15 AM ADP Employment Change Aug
Sep 1 10:00 AM Construction Spending Jul
Sep 1 10:00 AM ISM Index Aug
Sep 1 10:30 AM Crude Inventories 08/28
Sep 1 2:00 PM Auto Sales Aug
Sep 1 2:00 PM Truck Sales Aug
Sep 2 8:30 AM Initial Claims 08/28
Sep 2 8:30 AM Continuing Claims 08/21
Sep 2 8:30 AM Productivity-Rev. Q2
Sep 2 8:30 AM Unit Labor Costs Q2
Sep 2 10:00 AM Factory Orders Jul
Sep 2 10:00 AM Pending Home Sales Jul
Sep 3 8:30 AM Nonfarm Payrolls Aug
Sep 3 8:30 AM Nonfarm Payrolls - Private Aug
Sep 3 8:30 AM Unemployment Rate Aug
Sep 3 8:30 AM Hourly Earnings Aug
Sep 3 8:30 AM Average Workweek Aug
Sep 3 10:00 AM ISM Services Aug


Market Outlook Aug 31, 2010
The market declined yesterday on the lowest volume I have seen in years except for holidays. It was 30% lower than this year's already low volume. It takes very little money to move this market now. Wall Street is learning a lesson that no regulations could ever teach them. Abusing your customers by betting against them is guaranteed to drive customers away.

On the positive side, when this leftist government is thrown out in November the rally is likely to be big and fast.

World Markets
Asian markets were following the US down last night. Shanghai down -0.5%, Hong Kong down -1.7%, India down -0.3%, and Japan down -3.6%.

European markets are down in a range of about -0.9% to -1.1% this morning about half way through their day.

US pre-market futures are down in the range -0.3% to -0.6% this morning at 8 Am.

The only thing we have to fear is fear itself, which now consists of Obama, Gore, Bogoyevitch, Rangel, Waters and the other leftist crook democrat-socialists.