Monday, November 1, 2010

If all the Marxists are swept out of the Senate as well as the house, then a Democratic Tea Party will make sure that Obama and other Marxists do not

If all the Marxists are swept out of the Senate as well as the house, then a Democratic Tea Party in 2012 will make sure that Obama and other Marxists do not win primaries or run. Then America will get the economy under control by cutting the expenses attributable to illegal aliens, crime, welfare, excessive federal and state employee pensions, foreign aid, foreign wars, free fertilization clinics for Moslems who are on welfare or who already have children, and no more Obama's racist farm reparations handouts to his favorite people.

Cook county was unable to get more than 2000 absentee ballots out in time for American soldiers to return them before the deadline, but they learned from that mistake and hand carried the ballots to the Cook County prison so they could vote in time.

By 1824 Thomas Jefferson, the founder of the current Democrat Party, already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."

Is it possible that if Thomas Jefferson were alive today he might call the indigent addicted welfare women collecting benefits awarded based on the number of their fatherless children, parasites? And as the founder of the Democratic Party might he also now disown them and call them the party of Marxist jackasses?

You can find these quotations yourselves if you Google books from the 1800s and use a few key words and a patriot's name.

James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."

Thomas Jefferson to P. Dupont in 1816 wrote; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."

In 1824 Thomas Jefferson the founder the Democrat Party also wrote (note in Tracy's Political Economy, 1816), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."

World Markets:
Brazil may also vote in a Marxist for president. First Venezuela, then Honduras, then the USA, and now Brazil may elect a Marxist president. Only Honduras got rid of theirs so far.

South Korea's economic growth slowed 50% in the third quarter on weaker exports and manufacturing. The Bank of Korea said that South Korea's gross domestic product expanded only 0.7 percent in the three months through September, the second straight quarter that growth slowed. Overseas shipments and manufacturing, which are key drivers of South Korea's economic recovery, both slowed markedly in the third quarter. Global growth began to wane after government wasteful stimulus spending kicked in. The 0.7 percent quarter-on-quarter growth translates into annualized growth of 3 percent.

The International Monetary Fund said this month that the world economy will slow by 0.6% from original projections for 2011.

Economic Calendar
Meanwhile Obama's half brother lives in a hut with a dirt floor in Kenya. They killed or drove out most of the Europeans that lived there dedicating their entire lives and fortunes to helping Kenya. The Kenyans then redistributed the European's wealth and ate well for a few years. But after you kill the golden goose there are no more golden eggs. What the international socialist Marxists and Moslems did in Africa is no different from what Hitler's national socialists did in Europe only Europe became a better place and Africa is now a hellhole. Can you imagine the outrage if North Americans slaughtered and drove Africans off the North Americans continent?
China has no expectations for the future of Africa as they build mines in Africa. The Asians believe the Africans are of inferior intelligence and therefore do not intermarry with blacks. That is why Africans in America hate and always riot and destroy the property of Asian Americans. The people of Africa are slowly going extinct and China needs their resources so that Asia can flourish. So when the Africans in the Chinese mines rioted last week the Chinese simply shot them all and then paid a fine to the corrupt African armies. Perhaps if the trend continues, Africa will end up being a mixture of Chinese and Indian peoples.


Last Friday
GDP-Adv. Q3 - improved 2% vs. a 1.7% improvement the previous quarter. Stagnation
Chain Deflator-Adv. Q3 - was 2.3% and 1.9% more than canceling the value of the GDP increase.
Employment Cost Index Q3 - labor cost increased 0.4% after an increase of 0.5% last quarter. Increasing O.T.
Chicago PMI Oct - was 60.6 up from 60.4 last month. Manufacturing is improving.
Michigan Sentiment Final Oct down to 67.7 from 67.9 last month.

This Week
Nov 1 8:30 AM Personal Income Sep
Nov 1 8:30 AM Personal Spending Sep
Nov 1 8:30 AM PCE Prices - Core Sep
Nov 1 10:00 AM ISM Index Oct
Nov 1 10:00 AM Construction Spending Sep
Nov 3 7:00 AM MBA Mortgage Applications 10/29
Nov 3 7:30 AM Challenger Job Cuts (y/y) Oct -
Nov 3 8:15 AM ADP Employment Change Oct -
Nov 3 10:00 AM ISM Services Oct -
Nov 3 10:00 AM Factory Orders Sep -
Nov 3 10:30 AM Crude Inventories 10/30 -
Nov 3 2:00 PM Auto Sales Oct -
Nov 3 2:00 PM Truck Sales Oct -
Nov 3 2:15 PM FOMC Rate Decision Nov 3
Nov 4 8:30 AM Initial Claims 10/30 -
Nov 4 8:30 AM Continuing Claims 10/23 -
Nov 4 8:30 AM Productivity-Prel Q3 -
Nov 4 8:30 AM Unit Labor Costs Q3 -
Nov 5 8:30 AM Nonfarm Payrolls Oct -
Nov 5 8:30 AM Nonfarm Payrolls - Private Oct
Nov 5 8:30 AM Unemployment Rate Oct
Nov 5 8:30 AM Hourly Earnings Oct -
Nov 5 8:30 AM Average Workweek Oct -
Nov 5 10:00 AM Pending Home Sales Sep
Nov 5 3:00 PM Consumer Credit Sep

Market Outlook Nov 1, 2010

Still time left to take stock and profits when available.

If all the Marxists are swept out of the Senate as well as the house, then a Democratic Tea Party will make sure that Obama and other Marxists win primaries and do not run in 2012. Then America will get the economy under control by cutting the expenses attributable to illegal aliens, crime, welfare, excessive federal and state employee pensions, foreign aid, foreign wars, free fertilization clinics for Moslems who are on welfare or who already have children, and no more Obama's racist farm reparations handouts to his favorite people.

The Founding Fathers knew the importance of a government of laws protecting the skilled and hard working from the vicious and idle. Unfortunately many vicious and idle liberals were elected to the House and Senate. It is unfortunate that oil wealth and drug wealth has resulted in the growth of vicious and idle populations who are mobile and are becoming illegal aliens throughout the free world, on welfare, and refusing to learn the cultures and languages of the people they prey upon. The creative and industrious people are conservatives who earn their money and the vicious and idle tend to be liberals who think they are too smart to work and were put on earth to rule the ignorant masses. Some vicious and idle people such as currency manipulator George Soros do what they do out of guilt for the illicit way they expropriated wealth and do not understand people who actually create wealth. George Soros is a convicted felon who was tried and convicted in Socialist France for manipulating currencies. He made all his wealth by destabilizing four currencies illegally in a scam that cost the world $billions. He is the biggest financier of American Marxists like Obama.

World Markets
The world is optimistic about the Americans throwing out Obama Marxists tomorrow,

Asian markets were up last night. China's market was up 2.5%, Hong Kong up 2.4%, India up 1.6%, and Japan down -0.5%.

European markets are flat this morning in a range of about 0% to +0.4% about half way through their day.

US pre-market futures were up about 0.4% at 9:00 AM EST.

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