Obama is a curse not just on America. He is a curse on the entire planet. As soon as he approved offshore drilling America had the worst offshore..

Obama is a curse not just on America. He is a curse on the entire planet. As soon as he approved offshore drilling America had the worst offshore well disaster in history. As soon as he approved a restart of America’s nuclear industry Japan had the second worst meltdown in history. As soon as he started the green battery automobile plan with an absurd moronic goal of a 50% improvement in efficiency in three years the liar-leftist, socialists, and communists of the world started to go broke on all their green dreams. As soon as Obama throws billions to the vicious and idle ACORN in America, other nasty, vicious, and idle community activists in Britain who like Obama and who already are the beneficiaries of socialism went rioting in Britain giving welfare societies around the world a black eye. Thanks to Obama threatening to veto the first congressional agreement on the debt ceiling days before the deadline, the USA now has a lower credit rating than France does. The world can hardly wait until Obama quits and goes back home to Nigeria where his luck is normal and he can be to be a community activist again. The Nigerians can tell that Obama will return soon because their luck recently started to turn sour again.

David Cameron just made a speech in Witney Oxfordshire, August 15, 2011, about the riots that hit England last week. "On schools, welfare, families, parenting, addiction, communities; on the cultural, legal, bureaucratic problems in our society, too, from the twisting and misrepresenting of human rights that has undermined personal responsibility, to the obsession with health and safety that has eroded people's willingness to act according to common sense – and consider whether our plans and programmes are big enough and bold enough to deliver the change that I feel this country now wants to see."
"Irresponsibility. Selfishness. Behaving as if your choices have no consequences. Children without fathers. Schools without discipline. Reward without effort. Crime without punishment. Rights without responsibilities. Communities without control. Some of the worst aspects of human nature tolerated, indulged – sometimes even incentivised – by a state and its agencies that in parts have become literally de-moralised,"

The economic crisis is the result of the contagion of socialism that corrupts all economic and social institutions in favor of the vicious and idle who form the leisure class of socialist societies. When the vicious and idle leisure class becomes the 51% majority, that is when the government breaks down and tyrants rise up to rule demanding changes to the Constitution so that they have no term limits. Americans have watched the violence of the vicious and idle in Greece and Britain and are beginning to see the future consequences of Obama’s policies. Obama is undermining American liberties while destroying the American economy by replacing free-enterprise with ignorant-socialist-Obama-Czars. Obama's stumbling bumbling policies will soon be wrecking the environment too with high maintenance windmills and toxic worn out car batteries.

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." 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." This is the original basis of the right of Americans to bear arms. It is not based on a right to hunt, it is based on the Constitutional right of all Americans to overthrow any tyrant who attempts to change the Constitution by executive decree or any other unconstitutional means. Overthrowing such a presidential wannabe tyrant is not treason it is every American’s duty as well as their right. Jefferson expected it would be necessary from time to time. America is not to that point yet but it could get ugly very fast if rioting breaks out in America as it has in Greece and Britain.

We are seeing the socialist/leftist’s vicious and idle majority people-power unleashed in Britain and Greece against democracy. We saw Obama and his Czars fund Acorn with $millions and unleashed their vicious and idle just like Hitler released the Brownshirts against intelligent and productive people who create societies wealth. Americans were outraged so Obama temporarily put Acorn back in the closet. Then we saw ACORN exposed setting up Pimps and Prostitution in the inner cities and Obama made sure the individual who exposed Acorn’s criminal activity was arrested for not giving the socialists his true identity. This year we then saw NPR executives resign because they were caught doing business with people they believed were terrorists. NPR is a taxpayer funded propaganda machine for National and International Socialists and for anyone who hates Americans. We saw Obama, Pelosi, and the Harry Reed advocating laws that would permit the FCC to silence the talk show hosts who were exposing the liar-leftists anti American agenda. We need to defund Obama’s vicious and idle majority and their propaganda machine and their ACORN brownshirts. We need to impeach Obama for looting America’s treasury and for treachery and treason against the American Constitutional liberties and protections. We need to put him and his Czars on trial for treason as soon as they are deposed.

Obama should resign for the good of the country so we can put him and his enablers in Congress on trial for treason for undermining free enterprise, for instituting “Liar Loans” to Obama’s vicious and idle chosen people so they could get free houses to live in and destroy. Everything Obama has done should be repealed because no one had time to read any of his liar-leftist bullshit before they passed it. Obama should go back to his home in Nigeria where they follow his big brother’s advice and they are all starving. He would be a big fish in that pond. Obama is considered a fool in the Western democracies. There are over 500 web requests for Obama to resign out there already.

Obama gives American wealth to his chosen people, his leisure class of the vicious and idle. 51% of Americans do not share any pain of federal taxes. Obama’s leisure class supporters consist mainly of people who hate America, cheat on their taxes, pay no taxes and get unearned tax money back (they paid nothing in so it isn’t a refund) after filing and paying nothing in. Several of Obama’s Czars were in that class of tax evaders.

And the California woman with two children all on welfare got free government paid fertility treatments so she could birth sextuplets and “earn” $1500 per baby per month on welfare. And she, a devote Moslem, did not even have Obamacare! That was the existing liar-leftist corrupted system that Obama says does not do enough for his leisure class, his followers, his chosen people. The liar-leftists have corrupted Social Security and the American Health System. The liar-leftists bankrupt Social Security by loading it up with liar disability cases. 60 Minutes even exposed that disruptive students were being declared disabled to make their families eligible for Social Security Disability payments. If we clean out all the liar-leftists that are exploiting our system Social Security will be solvent.

But we may face riots like in Greece and Britain. Fortunately Obama is just stupid enough to threaten to withhold the salary of American warriors before he cuts the benefits to his vicious and idle chosen people. Fortunately Obama is stupid enough to release American warriors into the Obama Depression unemployment lines when he scales back the Armed Forces and American unemployment spikes upward. Fortunately most Americans will stomp out Obama’s viscous and idle chosen people if they rise up to subvert or even attempt to corrupt America’s Constitution as they have corrupted everything else.

Economic stupidity is recognized when liar-leftists try to control development by raising the cost of production of things liar-leftists don’t like such as energy, highways, wealth, and research into “the unknown”. Liar-leftists are “unibombers” at heart fighting against free enterprise that generates the advances of science and technology that are what is needed to keep America humming.


World Markets:

We believe that for now we have seen the worst of this current panic that the hedge funds created shorting stocks worldwide. But now the hedge funds know how to do it in a controlled way and we expect to see it happen again within a year. This market panic was not an economic factor. This market panic was planned using computers to carry it out. The socialist countries have now temporarily banned shorting.

We expect a rebound but higher than normal volatility for a while. We would take advantage of any 20+% percent type upward stock price spikes in individual stocks due to volatility. Things will only continually get worse for the world economies while liar-leftist Obama is in power.

Without Obama we would be in recovery, but even with Obama… things will appear to improve because last year was extremely bad. Relatively speaking thing will begin to look better.


American Economy-
Last week
Productivity-Prel Q2 fell -0.3% from 1.8% the first quarter. Very bad
Unit Labor Costs Q2 rose 2.2% after rising only 0.7% the first quarter. bad
MBA Mortgage Index 08/06 rose +21.7% from +7.1% last month. Excellent
Wholesale Inventories Jun increased 0.6% down from 1.8% last month. Improved
Crude Inventories 08/06 fell -5.225M from 0.950M last month. Prices going up again
Treasury Budget deficit in Jul -$129.4B less than last month -$165.0B. Great reduction in deficit spending
Initial Claims 08/06 395K down from 400K ..very good
Continuing Claims 7/30 3688K down from 3730K ..very good
Trade Balance Jun -$53.1B up from -$50.2B ..we continue to keep the world humming

Friday
Retail Sales up in Jul 0.5% from a 0.1% increase in June.
Retail Sales ex-auto Jul up 0.5% 0.from no improvement in June.
Mich Sentiment Aug 54.9 way down from a low 63.7 in July
Business Inventories Jun up 0.3% (bad) relative to being up 1.0% last month

Today
Aug 15 8:30 AM Empire Manufacturing Aug
Aug 15 9:00 AM Net Long-Term TIC Flows Jun
Aug 15 10:00 AM NAHB Housing Market Index Aug

This week
Aug 16 8:30 AM Housing Starts Jul
Aug 16 8:30 AM Building Permits Jul
Aug 16 8:30 AM Export Prices ex-ag. Jul
Aug 16 8:30 AM Import Prices ex-oil Jul
Aug 16 9:15 AM Industrial Production Jul
Aug 16 9:15 AM Capacity Utilization Jul
Aug 17 7:00 AM MBA Mortgage Index 08/13
Aug 17 8:30 AM PPI Jul
Aug 17 8:30 AM Core PPI Jul
Aug 17 10:30 AM Crude Inventories 08/13
Aug 18 8:30 AM Initial Claims 08/13
Aug 18 8:30 AM Continuing Claims 08/6
Aug 18 8:30 AM CPI Jul
Aug 18 8:30 AM Core CPI Jul
Aug 18 10:00 AM Existing Home Sales Jul
Aug 18 10:00 AM Philadelphia Fed Aug
Aug 18 10:00 AM Leading Indicators Jul

Market Outlook August 15, 2011
We expect housing stocks will begin to do well as the banks are finally dealing with Obama’s and Barnie Frank’s “liar loans”and free houses to wreck for Obama’s “chosen people.”

In America without liar-Obama we would be well into recovery. But even with Obama… things will appear to improve because Obama screwed things up extremely bad last year with continued liar-mortgages to his chosen few. The end to the home-buyer tax break hurt things badly a year ago. Therefore relatively speaking things will look much better in housing for a few months. The auto industry will look a lot worse though because liar-Obama last year threw money at that industry to fool people into thinking his socialism helped the auto industry when all he really did was bail out the unions that backed his election campaign.

You can see the VIX confirmed the capitulation and smaller second bounce and is now subsiding. We expect another test this year, probably in a month or two. Then we could see a few months of solid advances provided it looks like Obama will pull out as a candidate for president. We believe Obama knows he has been a lame duck already for a year and is pretending to run just so he will not be ignored by the liar-leftist media. Obama’s lunatic liar-leftist ideas are poison to the world economy. Obama’s vision for the automobile industry in ten years is mountains of worn out automobile batteries in dumps leaking toxic waste, polluting our supply of drinking water and killing polar bears and fish in record numbers. Spain’s green energy boom is now a toxic waste of stimulation funds and Obama modeled his plan after Spain’s plan.
http://finance.yahoo.com/q/bc?s=^VIX&t=6m&l=on&z=m&q=l&c=



We expect a normal advance now of about 50% of the recent decline. Last fall the market almost doubled what it lost in the May panic. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5d&l=on&z=l&q=l&p=e50%2Ce100&a=&c=

Recovery the past two years was one of Obama’s big lies as he continued to divide Americans and destroy the American economy. Click on the 5yr chart and see full effect of the slowdown in world dry shipments which shows Obama did nothing at all but destroy hope by forcing Obamacare for his indigent leisure class down the throats of working Americans. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stocks were up last night. China up 1.3%, Hong Kong up 3.3%, India closed, Taiwan up 2.4%, and Japan up 1.4%.

European markets are up today by about +0.4% to +1.4% half way through their day.

American markets futures are up about 0.4% at 8:00 AM EST

It appears the decline double bottomed last week. Still we expect little net gain this year and next year unless Obamacare for his leisure class is declared unconstitutional and his regulations are cut way back closer to the Glass-Steagall Banking Act of 1933. Americans do not want USSR style Obamacare because it is just another Obama leftist lie. Socialist healthcare is far inferior to American healthcare. What is already killing Medicare is Obama’s leisure class entitlements to it. They already had free health care because American tradition always helps those in need even though no American ever was entitled to health care or Social Security unless they worked and paid into the systems. Obamacare is a liar-leftist act of stupidity and is a blank check to Obama’s leisure class. Obamacare must be declared unconstitutional or American becomes just another bankrupt socialist state with no incentives to help others by improving the human condition.