The GE/MSNBC/Pravda/Obama "Be happy" people who have no work ethic that come to America to collect welfare are dragging down the economy.

The GE/MSNBC/Pravda/Obama "Be happy" people who have no work ethic that come to America to collect welfare are dragging down the economy. And unlike earlier immigrants who had a work ethic and wanted to join the American culture these new immigrants think America stinks and have come here to spread their culture of South American jungle socialism that is a form of tribal hunting and gathering. These people are out hunting for victims to rob or drug and think picking up the welfare check is like living off the land picking fruit off the trees. Obama's illegal alien aunt living in Massachusetts said America's wealth is her wealth because she said we did not earn it. She said Allah gave it to Americans so it is for her too to take. These facts are currently available on the web.

1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments.
Verify at: http://www.fairus.org/site/PageServer?pagename=iic_immigrationissuecenters7fd8

2. $22 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens. Verify at: http://www.cis.org/articles/2004/fiscalexec.HTML

3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens.
Verify at: http://www.cis.org/articles/2004/fiscalexec.HTML

4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English! Verify at: http://transcripts.cnn.com/TRANscriptS/0604/01/ldt..0HTML

5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babies.
Verify at http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.HTML

6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens.
Verify at: http://transcripts.cnn.com/%20TRANscriptS/0604/01/ldt.01.HTML
7. 30% of all Federal Prison inmates are illegal aliens. Verify at: http://transcripts.CNN.com/TRANscriptS/0604/01/ldt.01.HTML

8. $90 Billion Dollars a year is spent on illegal aliens for Welfare & social services by the American taxpayers.
Verify at: http://premium.cnn.com/TRANSCIPTS/0610/29/ldt.01.HTML

9. $200 Billion dollars a year in suppressed American wages are caused by the illegal aliens.
Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.HTML

10. The illegal aliens in the United States have a crime rate that's two and a half times that of white non-illegal aliens. In particular, their children are going to make a huge additional crime problem in the U.S.
Verify at: http://transcripts.cnn..com/TRANscriptS/0606/12/ldt..01.HTML

11. During the year of 2005, there were 4 to 10 MILLION illegal aliens that crossed our Southern Border; also, as many as 19,500 illegal aliens from Terrorist Countries. Millions of pounds of drugs, cocaine, meth, heroin and marijuana, crossed into the US from the Southern border. Verify at: Homeland Security Report:

12. The National policy Institute estimated that the total cost of mass deportation would be between $206 and $230 billion or an average cost of between $41 and $46 billion annually over a five year period.
Verify at: http://www.nationalpolicyinstitute./.org/PDF/deportation.PDF

13. In 2006, illegal aliens sent home $45 BILLION in remittances to their countries of origin.
Verify at: http://www/..rense.com/general75/niht.htm

14. The Dark Side of Illegal Immigration: Nearly One million sex crimes committed by Illegal Immigrants In The United States. Verify at: http: // www.drdsk.com/articleshtml

check Snopes.com;
http://www.snopes.com/crime/cops/judd.asp
An illegal alien, in Polk County , Florida, who got pulled over in a routine traffic stop, ended up "executing" the deputy who stopped him. The deputy was shot eight times, including once behind his right ear at close range. Another deputy was wounded and a police dog killed.
A statewide manhunt ensued.

The murderer was found hiding in a wooded area. As soon as he took a shot at the SWAT team, officers opened fire on him. They hit the guy 68 times.

Naturally, the GE/MSNBC/Pravda/Obama media went nuts and asked why they had to shoot the poor, undocumented immigrant 68 times.

Sheriff Grady Judd told the Orlando Sentinel: "Because that's all the ammunition we had." Now, is that just about the all-time greatest answer or what!

The Coroner also reported that the illegal alien died of natural causes. When asked by a reporter how that could be, since there were 68 bullet wounds in his body, he simply replied: "When you are shot 68 times you are naturally gonna die."

Leftist carbon registry is run by international crime syndicates more powerful than the leftists are. Once refiners are up and running demand for crude will fall to normal levels and a temporary glut of refined fuels like gasoline will hit the market. Note that much of the crude price increase is due to refiners opening up facilities and accumulating new supply inventories over the short run. That may be starting soon.

Judge Roger Vinson, in Pensacola, Fla., ruled that as a result of the unconstitutionality of the "individual mandate" that requires people to buy insurance, the entire law must be declared void. "I must reluctantly conclude that Congress exceeded the bounds of its authority in passing the act with the individual mandate."

The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record. The precious metals trend line is now down steeply

World Markets:
 Euro weakens as German factory orders fall more than economists estimated business trends
 The Austrian carbon registry said allowances illegally transferred from the country have been frozen in accounts in Sweden and Liechtenstein and there is no risk they will be traded on the market.

This week past
Consumer Credit Dec shot up $6.1B from a seasonally adjusted $1.3B increase the previous month.

Today
Feb 9 7:00 AM MBA Mortgage Purchase Index 02/04
Feb 9 10:30 AM Crude Inventories 02/05

This week future
Feb 10 8:30 AM Initial Claims 02/05
Feb 10 8:30 AM Continuing Claims 01/29
Feb 10 10:00 AM Wholesale Inventories Dec -
Feb 10 2:00 PM Treasury Budget
Feb 11 9:55 AM Mich Sentiment Feb


Market Outlook Feb 8, 2011

On a cash flow basis this top is no higher than the 2010 top and is not yet a buy signal. All the cash that flowed out since the May 2010 Flash Crash has now gone back into the market yet the market is up 9% since then due to market price pumping and hedge funds no longer on the short side. That is why we would wait for a substantial correction. The hedge funds will likely start shorting the market soon and all that money could be removed very quickly. But the Tea Party may just be the best thing that has happened to the economy and could bring optimism back to the economy.

We would be prepared to buy stocks on the next significant dip. Flow into mutual funds from individual investors was down for twenty weeks following the flash crash last May 2010. For the past three weeks of January small investors got in right back in at the highs of the current rally. This means the end of each month probably will see an increase fund flow as 401 plans put money back into the market.

Precious metals, oil, and "rare earths" are just the beginning. Obama and his socialists are in the ozone and are clueless to what is going on. Obama fell for the "big oil ploy" and has shut down all offshore oil and all natural gas production. Obama socialists are so stupid they actually believes his socialist theoreticians who are telling him that these high prices will get American to buy electric cars. They are destroying the world economy by causing shortages that drive up prices. Jimmy Carter did the same stupid thing and Ronald Reagan turned the economy around on a dime when he introduced supply side stimulation. Instead Obama is giving us supply side strangulation.


World Markets
Many agencies are reporting the last index changes whish were last week. That is misleading because many exchanges are closed for Chinese New Year holidays.

Asian markets were down last night. China's holiday, Hong Kong down -0.3%, India closed, Jakarta down -0.8%, Seoul down -0.6%, and Japan up 0.4%,

European markets are down this morning in a range of about -0.1% to -0.6% half way through their day.

US pre-market futures are flat about -0.1 % at 8:00 AM EST.