Asia and Europe today responded negatively to the immensity and density of Obama’s stupidity.

Asia and Europe today responded negatively to the immensity and density of Obama’s stupidity. He just cannot learn that all stimulation must be in incentives to small business. Instead Obama had GE’s socialist CEO, Immelt, sitting with his wife during the speech. Immelt has moved more American jobs overseas than any other CEO and just move two entire divisions of GE to China. While Obama has a 35% corporate tax on loyal American companies GE paid only 3% last year. And Obama has socialist Immelt as his chief business advisor.

The company, Solyndra Inc., created 1100 jobs at a cost of about $486,363.64 per job per year. Solyndra was one of Obama’s job creation projects last year that used some of Obama “Stimulation Package’s” $700 billion. A major contributor to Obama’s election campaign the owner received $535 million for creating those jobs for almost a year.

Federal agents yesterday as part of a joint investigation between the FBI and the Energy Department Inspector General’s office raided Solyndra. One of the company’s primary investors, Oklahoma oil man George Kaiser, was also a major donor to the Obama campaign – a fact that raised concerns of political favoritism in the $535 million loan the company received from the federal government. Solyndra Inc., had received significant favorable treatment from the Obama administration. Solyndra closed its doors on Aug. 31. It did so without warning and without WARN, a state and federal law requiring advance notice of a large layoff or shutdown. The company said it was exempt from notifying its 900 full-time and 200 contract workers ahead of time under a loophole in the law. FBI spokeswoman Julianne Sohn, declined to elaborate.

Last night Obama asked Congress to pass a new $447billion package to kick start his flagging election campaign with a infusion of $447billion of taxpayer money into the loyal teachers unions and Teamster unions in blue states. He sees it as important to keep the union dues coming in and his army feet on the streets bringing in the lazy, the stupid, and the pot heads who are otherwise too stupid to show up to vote for socialist on election day. Jimmy Hoffa’s son said it is a great idea. On Monday he said, “We're going to win that war." "President Obama, this is your army. We are ready to march. Let's take these son of bitches out (the Tea Party) and give America back to an America (Nazis) where we belong,"
http://www.washingtontimes.com/blog/watercooler/2011/sep/5/picket-jimmy-hoffa-jr-says-tea-party-lets-take-the/

Next week Obama plans to call on Congress to offset the cost of his short-term (Thurs night) political job and slush fund measures by raising tax revenue in later years after he is out of office.


World markets
Europe and Asia responded negatively today to Obama’s socialist proposal last night.

Several Venezuelan drug dealing socialist criminals were put on the American blacklist against Obama’s better advisement.

Greece may get the boot! Horst Seehofer, the head of Merkel’s Bavarian sister party, told the Bild newspaper on Wednesday morning that a Greek exit from the Euro zone could not be ruled out. What a great idea!

Europe hopes the dead head socialist Obama gets the boot too!

World markets may have set their lows for now and in some cases they set double bottoms. China tests last year’s low. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Germany resumes decline.
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart6:symbol=^gdaxi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets also will fall further before they double bottom. http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined


American Economy-
Last week
Productivity-Rev. Q2 -0.7% down from -0.3% Not good
Unit Labor Costs - Rev. Q2 3.3% up from 2.2% - Not good
ISM Index Aug 50.6 47.down from 50.9 - Not good
Construction Spending Jul -1.3% down from 0.2% Not good
Nonfarm Payrolls Aug 0K nothing compared with 117K last month. Good thing Obama has come back from Martha’s Vineyard.
Nonfarm Private Payrolls Aug 17K down from 154K jobs created last month
Unemployment Rate Aug 9.1% same as last week 9.1% -
Hourly Earnings Aug -0.1% down from 0.4% increase last month.
Average Workweek Aug 34.2 down slightly from 34.3 last month
ISM Services Aug rose to 53.3 from 52.7 the previous month an 11% gain in the service sector the largest American business sector.
MBA Mortgage Index 09/03 -4.9% up considerably from last month’s -9.6%
Fed's Beige Book Sep – Republican candidates indicated Bernacke would get fired when Americans fire Barking Obama.

Yesterday
Initial Claims 09/03 increased to 414K from 409K reported last week
Continuing Claims 08/27 were at 3717K down from 3735K reported last week
Trade Balance Jul -$44.8B an improvement from -$53.1B last month.
Crude Inventories 09/03 down -3.963M from 5.281M not good for oil prices.
Consumer Credit Jul rose to $12.0B from $11.3B last month
This Week

Sep 9 10:00 AM Wholesale Inventories Jul

Market Outlook September 9 2011
Obama put a cloud over the markets yesterday and today. After the Republican debate Wednesday Obama had MSNBC socialists and verbal bomb throwing terrorists calling everyone running against him idiots so that Obama fits in better.

The potential damage Obama gangster socialism can inflict on the world is still unlimited at this point. There is no place for exceptionalism to hide once Obama makes America just another gangster socialist state where exceptional people go to jail until they finally give up. But the world is waking up to Wingnut Barking Socialism that precedes the gangster socialism that Russia has. There will be dancing in the streets of America and around the world if the Senate socialists are thrown out with Barking Obama in 2012.

We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=

We expect a normal advance of up to at least 50% of the total August decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=

Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and now barks and at the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stocks were down last night. China down -0.1%, Hong Kong down -0.2%, India down –1.7%, and Japan down -0.6%.

European markets are down today –0.3 TO –1.4% half way through their day.
.
American markets futures are down about -0.6% at 7:30 AM EST

Corporate cash can also be used to buy corporate stock or fund mergers. Remember if the money multiplier effect is 20:1(the new invested money effectively changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market