Wisconsin’s Supreme Court upheld legislature’s right to end corrupt union practices of buying leftist judges, leftist arbitrators, and leftist legisla

American auto sales slump and retail sales declined for the first time in 11 months

No blog updates will be provided Thursday or Friday.

Wisconsin’s Supreme Court upheld legislature’s right to end corrupt union practices of buying leftist judges, leftist arbitrators, and leftist legislators. State union workers lose their ability to buy votes and steal wealth from Wisconsin taxpayers. Prior to the drug culture of the 1960’s it was considered illegal for government paid fire, police, military, teachers and other government workers to unionize.

During WWI the French army unionized and went on strike allowing the German Army to invade. The French arrested the striking French soldiers and shot and killed every tenth striking soldier for punishment as the other striking soldiers watched. The point is that no group of government workers can be allowed to bring down the government because it is either treason against the people or else their jobs should be privatized.

The government corruption problem is self-evident. The Communists, socialists, and other leftists see it as a way to subvert democracies and in Greece they are paralyzing the democracy and taking control of the streets where they have set banks on fire and killed people who did not join their strikes. But the MSNBC/Pravda reporters do not report the intimidation and threats. In Wisconsin they force workers to join with union members (the non-union people have no right to work as they do where Boeing is trying to open an airplane assembly plant. The National Labor Relation’s Board is corrupt and controlled by pro-Obama unions after Obama rescued the GM union pensions with $15Billion from American taxpayers. In Wisconsin the government workers are forced to pay dues which are given to leftists election campaigns as is done in many leftist northern American states. The leftists then get elected and pay the unions back with benefits such as 90% pay upon retirement at age 50 with full state paid medical benefits.

The Wisconsin people have had enough and threw out the legislature’s leftists. Now the Wisconsin Supreme Court has said a leftist lower court judge had overstepped her authority and violated the state constitution by illegally usurping the executive branch’s veto powers to control legislation. The Wisconsin's highest court has ruled that a constitutional legislative measure that curbs the corrupt bargaining by public state workers can take effect.

The law eliminates most vote buying by public employees and requires them to pay more for pensions and health coverage. It was passed by the Republican-controlled legislature and signed by Governor Scott Walker in March despite the largest Greek style protests in Madison since the anti-Vietnam drug culture took the streets.

The court said: "One of the courts that we are charged with overseeing has usurped the legislative power which the Wisconsin constitution grants exclusively to the legislature ... exceeded its jurisdiction, invaded the legislature's constitutional powers ... and erred in the enjoining the publication and further implementation of the Act."

The Obama supporting leftists reoccupied Wisconsin State legislature building yesterday in defiance of constitutional government and the Wisconsin taxpayers and supporters of democracy.

Governor Walker, who said the measure was needed to help the state fix its finances, welcomed Tuesday's judgment, saying it "provides our state the opportunity to move forward together and focus on getting Wisconsin working again".

Wisconsin's attorney general, JB Van Hollen, said the Supreme Court had "vindicated" the administration's arguments.

The corrupt Democrats said the ruling weaken political support from some of their strongest constituencies. But Republicans argued that the corrupt compensation and bargaining rights enjoyed by public union workers is no longer affordable in an era of soaring state budget deficits.

The unions have forced special legislature recall elections next month in what may be the largest wave of such special elections in US history. It will be another test of Obama leftist attempts to corrupt and bring down traditional American democracy.


Nationally, Obama’s overall approval rating is below 50 percent but public opinion surveys show that a much larger majority disapproves of his handling of the economy and even more believe he is either grossly inept or deliberately destroying the economy.

Obama should listen to the Clintons:
It’s the economy stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, pro lazy, pro illegal, pro drug, pro tax loophole policy stupid. End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s..

World Markets:
Barely a year after Athens was granted a 110 billion Euro bailout package, the EU, the IMF and the European Central Bank are haggling over a second funding deal, while Greece's ruling party is pretending to push band aide measures through parliament. The goal is to pretend their debt rollover is now voluntary so the EU can pretend Greece is not in default.

China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside, by 0.50 percentage point to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone.

Brazil applies the economic brakes of a 12.5% interest rate to slow accelerating inflation.

Many in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized that region.

Gold has peaked for now and high energy prices will be a world wide deflationary threat in the near future.

US Economic Highlights
Past Week Initial
Jun 14
Retail Sales in May fell -0.2% after rising 0.5% last month, the first decline in 11 months. Very bad
Retail Sales ex-auto May declined to 0.3% from increasing 0.6% last month, Not good
Producer Price Index May rose 0.2% after rising 0.8% last month. OK
Core PPI May rose 0.2% after rising 0.3% last month. OK
Business Inventories Apr increased 0.8% after increasing 1$ last month, Not good

This week
Jun 15 7:00 AM MBA Mortgage Index 06/10
Jun 15 8:30 AM CPI May
Jun 15 8:30 AM Core CPI May
Jun 15 8:30 AM Empire Manufacturing Jun
Jun 15 9:00 AM Net Long-Term TIC Flows Apr
Jun 15 9:15 AM Industrial Production May
Jun 15 9:15 AM Capacity Utilization May
Jun 15 10:00 AM NAHB Housing Market Index Jun
Jun 15 10:30 AM Crude Inventories 06/11
Jun 16 8:30 AM Initial Claims 06/11 -
Jun 16 8:30 AM Continuing Claims 06/04 –

Jun 16 8:30 AM Housing Starts May
Jun 16 8:30 AM Building Permits May
Jun 16 8:30 AM Current Account Balance Q1-
Jun 16 10:00 AM Philadelphia Fed Jun
Jun 17 9:55 AM Mich Sentiment Jun
Jun 17 10:00 AM Leading Indicators May

Market Outlook June 15, 2011
U.S. stocks rallied on 25% lower than normal transaction volume. It is a sign of very little buying as sellers take a holiday.

The stock market is well below the support averages and now testing a major low! On a cash flow (not price basis) it is a lot worse. A new low support at the 2010 low is here but it could easily break that as well.

.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=

The VIX says investor’s complacency could soon turn to panic as intermediate resistance levels are close to meltdown. That correlates more with a sharper decline about to happen. There is still just a little fear at this point. Look how high the VIX has to go before the bottom is hit! And it is showing more complacency today.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

World trade recovery is a leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. Click on the 5yr chart and see full effect of the slowdown. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Obama stops poisoning the world economy with American debt at the end of June. He hates everything America stands for and he would be pleased to have America default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.

Asian Stocks were down last night. China down -0.9%, Hong Kong down -0.7%, India down -1%, and Japan up 0.3%.

European markets are down this morning in a range of about +0.0% to -1% half way through their day.

American markets are down about -0.5% at 7:00AM