The Obama malaise is like the one what America faced under Jimmy Carter.

The Obama malaise is like the one what America faced under Jimmy Carter. Substandard schools and energy become crises under corrupt leftist governments. Corruption occurs when the worker elects the socialists who pay the worker's salary.

Wisconsin schools failed because socialism is corrupt by definition. When unions elect the politicians who pay their salaries you have a corrupt situation. That is also why unions should never have representation on corporation boards. Union's on corporation boards are just as corrupt as having corporate officers deciding the corporate board pay policies.

Two thirds of leftist Wisconsin grammar school's graduates are below national standards and this is a state dominated by Scandinavians who while they have had a leftist leaning since Hubert Humphrey (1968) had been considered studious people. Their teachers are all demonstrating to keep corrupt union practices. The corruption arises from the fact that the unions elect the politicians who pay them. Imagine what the situation would be if you elected the person that you reported to at work? Don't you think the boss would feel the corrupting influence to give you what you wanted to get elected your boss?

The government worker unions know the taxpayers look at teacher salaries not their pensions and benefits so unions are corrupt enough to keep the salaries in line, under the radar of taxpayers. But within twenty years they have the health benefits of US Congressmen that are more that your private sector retirement benefits if you retire in forty years. Plus most ambitious teachers work second jobs since their jobs start with 12 weeks vacation each year and you start with one week vacation. So teachers get the same starting pay as the private sector with only 80% of the week's work and retire early with more than twice the private sector benefits. Then on top of it, the corruption of the government workers electing socialists have the socialists covering up the fact that the government workers are now so corrupt they don't even do their jobs right. By most tenured teachers doing little or nothing their unions are able to keep up the pressure for even more teachers to burden the taxpayers. In private high schools and universities 30 to one is the student-non-tenured teacher class size and 400 to one is the ratio in the lecture classes of full professors.

Obama claimed he was saving jobs and helping the economy by pumping over $Trillion into Acorn type shovel ready infra structure building which turned out to be the toilet bowls of community activism for welfare handouts, union pension funding, and state and city bailouts of government worker unions such that all the pain was felt in private sector and all the gain was felt by incompetent community activists and incompetent government workers and unions. Now Obama and Goldman Sucks claims that cutting that toilet bowl spending will hurt the economy. It hasn't helped so how could cutting that waste possibly hurt? The stupid unethical economic belief system of Obama and Goldman Sachs is what is destroying the entire free world not just America.

Goldman Sucks is in bed with democrat socialists. Socialist-democrats seized on a Goldman Sucks Group Inc. report issued earlier this week that said the House-approved cuts would hurt the economy in the short term. The $61 billion in spending cuts would shave between 1.5 and 2 percentage points off economic growth during the second and third quarters of this year, according to Goldman Sucks. It is the mirror of the nonsense Obama of two years ago when Obama-Goldman Sucks when they said the spending spree will help. We need to cut government spending because it is making America into a welfare state where as we saw, welfare people go to city hall (the news showed the mobs of "be happy" people in Chicago and Atlanta) to pick up cash because Goldman and Obama truly believed that giving America's treasure to people with no work ethic was the best way to stimulate the American economy. Now they say letting taxpaying people and corporations invest the money they earn will hurt the economy more than continuing to enhance the life styles of people on welfare and in big unions, and big government. Obama has cheated American taxpayers the same way Goldman Sachs cheats its own clients by betting against them.

Gaddafi said he talked with Obama and America is now in good hands and Algeria has no quarrels with America. He blamed his problems instead on al Quada's hallucinogenic drugs.

Obama's stupidity has already caused Brent oil hit $119 per barrel and crude hit $103 before dropping back yesterday.

Obama's stupidity is the main reason there is still no American energy policy. Obama stopped gas, oil development, and US nuclear after the BP oil spill last year. The Obama nuclear, oil and gas stupidity is hitting us today and can only get worse because there is a long lead-time to get production up again. The Obama stupidity policy is exactly the same as the Jimmy Carter stupidity policy and will hurt us until America throws all the Democrat-socialists out of office like we did when President Reagan was elected and ended the malaise of Jimmy Carter.



How to balance the USA budget:
1. Throw out every single Democrat-socialist politician Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA has been taken over by the hysterical socialist pseudo-environmentalists. It is the socialist junk science product of our be-happy schools were 40% of the Obama be-happy kids drop out.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatniks of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sachs and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation.
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on the welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through the economic performance for the taxpayers and other investors.

Current stock market manipulation could aid American left wing Goldman Sachs and AIG efforts to kill free enterprise and American freedoms. Both should be broken up. No honest American of good character would discredit America's economic freedom by corruptly manipulating the financial markets and stealing from their own clients by selling them defective products and betting (with insurance) against them. Only socialists and communists believe in corrupting and manipulating free markets and interestingly they stay in power and make their children very rich living on Spain's "Gold Coast" along with the Islamic princes.


World Markets this week:
Riots continue across the socialist Islamic world as Obama maintains cuts of American production of gas and oil. He still has not tapped strategic reserves.


US Economy
Last week:
GDP - Second Estimate Q4, 2.8%/yr growth but down from the last estimate of 3.2%/yr
GDP Deflator - Second Estimate Q4 increased to 0.4% or 1.6%/yr up from 0.3% or 1.2%/yr.

Real Growth Estimate Q4, 1.2%/yr (2.8-1.6) growth down from the last estimate of 2%/yr (3.2-1.2). This is very dismal and all the socialists and the Capitol Hill socialist and Wall Street manipulator socialists do not want you to know. Bernie Maddoff was one of the biggest Wall Street socialists of record %50 billion in known fraud for personal waste of investor resources.

Michigan Sentiment - Final Feb 77.5 up from last months 75.1 . This is a correct comparison this time.

Today
Feb 28 8:30 AM Personal Income Jan
Feb 28 8:30 AM Personal Spending Jan
Feb 28 8:30 AM PCE Prices - Core Jan
Feb 28 9:45 AM Chicago PMI Feb
Feb 28 10:00 AM Pending Home Sales Dec

This week
Mar 1 10:00 AM Construction Spending Jan
Mar 1 10:00 AM ISM Index Feb
Mar 1 3:00 PM Auto Sales Mar
Mar 1 3:00 PM Truck Sales Mar
Mar 2 7:00 AM MBA Mortgage Index 02/25
Mar 2 7:30 AM Challenger Job Cuts Feb
Mar 2 8:15 AM ADP Employment Change Feb
Mar 2 10:30 AM Crude Inventories 02/26
Mar 2 2:00 PM Fed's Beige Book Mar
Mar 3 8:30 AM Initial Claims 02/26
Mar 3 8:30 AM Continuing Claims 02/19
Mar 3 8:30 AM Productivity-Rev. Q4
Mar 3 8:30 AM Unit Labor Costs - Revised Q4
Mar 3 10:00 AM ISM Services Feb
Mar 4 8:30 AM Nonfarm Payrolls Feb
Mar 4 8:30 AM Nofarm Private Payrolls Feb
Mar 4 8:30 AM Nonfarm Private Payrolls Feb
Mar 4 8:30 AM Unemployment Rate Feb
Mar 4 8:30 AM Average Workweek Feb
Mar 4 8:30 AM Hourly Earnings Feb
Mar 4 10:00 AM Factory Orders Jan


Market Outlook Feb 28, 2011
Volume dropped another 6%% as stocks gained slightly on Friday. The market broke through the first 20-dma resistance line Tuesday but we need to watch for follow through with the 50-dma for an additional estimated 10% decline. We estimate support before the decline hits 16% total. The current 50 dma support could last two or three days. But the real problem is profligate Democratic-socialist spending here and abroad. In America the crisis will only grow until the city and state fiscal budgets are approved this summer.

http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

We are prepared to buy stocks on a significant decline. Some stocks are already buying opportunities but we do not think this bottom is past. That could be another 7% lower. However we would buy stocks now on declines whenever opportunity knocks.

World Markets
Asian markets were up last night. China up -0.9%, Hong Kong up 1.4%, India up 0.7%, Seoul down -1.3 %, and Japan up 0.9%,

European markets are up this morning in a range of about 0% to 1.1% half way through their day.

US pre-market futures are up about 0.4% at 8:30 AM EST.