Right now the Obama socialists are just too stupid to understand how their corrupt government meddling to get contributions and kickbacks… kills jobs

Right now the Obama socialists are just too stupid to understand how their corrupt government meddling to get contributions and kickbacks… kills jobs everywhere.

Obama needs to find a way to tax his appointees and advisors first because he has the mother loadstone of tax dodgers in his government.

Solyndra executives say they will invoke the Fifth Amendment and refuse to answer questions concerning the Obama administration or the political kickbacks and contributions required for their $535 guaranteed loan from Obama. The BBC News series called 'Extreme World' chose Obama’s hometown, Chicago, from all the cities on planet earth for their example of "extreme" corruption for their international series. Gallagher of the BBC personally flew to Chicago on the quest to unearth the deeper forces that have led to the conviction of more than 1500 of Obama’s neighbors on corruption-related charges since 1970. The key questions they tried to address were "How did this corrupt political culture arise?" and "Why does it keeps getting re-elected?" Socialism is the corrupt politician’s first choice for government. Communism however is too “extreme” for them because when caught they are shot in the head and their family pays the cost of the execution. Meanwhile Obama keeps saying that Solyndra applied for loans from Bush too but Obama fails to point out that Bush rejected any loans any money to Solyndra for corrupt Chicago style purposes such as kickbacks and political contributions.
http://www.youtube.com/watch?v=m4dlUVnu8SA&NR=1

Obama also abuses government power by using the justice department to attack honest rating agencies, honest businesses, and honest Republican opposition because they are honest and truthful and point out that Obama has his hands in the pockets of Americans. Obama had a new dream of a socialist America and the whole world now has a new nightmare. At one time America was a leader not an Obama socialist-mediocracy.

Warren Buffett proves the point that parasitic liberals shirk their responsibility and cheat all their way through life. Buffett’s hand picked replacement was not as discrete as Warren and was caught investing in companies before Berkshire Hathaway bought in. Even Treasury Secretary Geithner admitted he cheated on his taxes. Sure Buffett would like to tax other millionaires more but notice he himself still always avoids taxes. It is his choice how he invests his money and if Buffett chooses government bonds he could pay no federal taxes at all. He is too much of a lazy freeloader to pay taxes. Obama does not need a plan to tax millionaires Obama needs a plan to tax lazy free-loading liberals who only want to tax other people’s income. Obama needs to find a way to tax his appointees and advisors first because has the mother loadstone of tax dodgers in his government. Imagine he picked GE’s Immelt as the Obama advisor on creating jobs and GE is the mother of American outsourcing of American jobs! Immelt pays less than 3.5% in GE corporate taxes. Meanwhile Obama taxes real American small businesses at a 35% rate. Why didn’t Obama pick an honest American businessman if he honestly cares about American jobs?

As soon as S&P did the right thing and downgraded the USA for adopting the Obama-Greek-Solyndra greedy, corrupt, squandering, irresponsible spending policy…Obama attacked the S&P just like he previously attacked Bank of America. And like BAC he had the S&P decapitated. Now he is attacking Hedge funds to get them to implicate the S&P to besmirch S&P further. Attacking wealthy organizations is also the top method used by corrupt political machines to drum up campaign contributions. It is also the legal form of coercion socialists like Stalin and Hitler used to get “volunteers” out waving flags and breaking opponent’s windows. Fortunately then Obama had ACORN bus people to picket the personal homes of bank executives to terrorize them; Obama learned a quick lesson that American’s despise those ACORN-Obama “kristallnacht” tactics. When Jews overwhelmingly threw the democrats out in for Congressman Wienie Wiener’s district they sent Obama a new message last week.

Obama also has Holden attacking Texas Republicans to maintain absurd Democrat-socialist districts. If you want to see the obscene model of corrupt Democrat-socialist redistricting you have to look at Barney Frank’s district in Massachusetts. That should be used by the US Supreme Court to give the definition of obscenity. Obama-Holden-Frank won’t fix it either. Make sure you view the top of his district that takes a slice of the inner city to control a very large more Republican suburb. Just see Barney Frank's district!
http://www.govtrack.us/congress/findyourreps.xpd?state=MA&district=4

That is the obscene districting model the Obama-Holden people want to use to control Texas and the whole USA using people who pay no taxes and have no Western European or Asian work ethic. Lets face it most of the world does not want to work for a living. They want a nice government job in a welfare state office and a plasma TV at home. And they will vote for socialism to get everything for nothing from their neighbors. Ultimately they bankrupt the countries they migrate to.

We jut saw Obama’s Solyndra welfare infusion that provided 1000 “green” solar panel jobs for one year at a cost to 835million dollars. That was $835,000 per job and the panels were made in China and only assembled in the USA. We pointed out that the solar cell life cycle neither pays for itself in dollars, nor in energy, nor in reducing pollution and it is not self-sustaining without continuous borrowing from the government. On the other side of the ocean the Chinese are demonstrating because the plant making those solar cell panels is making so much pollution it is killing all the fish. Obama’s had a new dream and the whole world now has a new nightmare.
http://www.time.com/time/world/article/0,8599,2093740,00.html

Washington government bureaucrat pay, insurance and pensions are the first entitlements that need to be cut. Do it now, 25% across the board. They are the cause of our deficit and they yet do not have a clue about the pain they are causing throughout America.

Remember that we had no signs of a recession until idiot Senator Obama became the first American ever in American history to open his big mouth during his campaign and say his opponent (President Bush) was causing an economic depression. Never before did an elected American make such an irresponsible and stupid remark. Intelligent responsible Americans always knew the “D” word is taboo in America because it causes fear. FDR said, “The only thing we have to fear is fear itself” and stupid Obama was the first American to deliberately use the word “depression” to cause fear. Not long after that, idiot Senator Dodd said there was going to be a run on a California bank and his contemptible fear mongering statement from the Senate Banking Committee caused the run on the bank within a few days. Gradually the Dodd-Frank liar loans destroyed the housing industry and the liar-loan derivatives caused the Lehman Brothers collapse. And yes, idiot Obama with his big mouth fear mongering gets all the credit for the Obama economic malaise we will have until we vote Obama and his socialist cretins out in 2012.

Obama has presided over three years where already $1 Trillion dollars has be squandered on programs that accomplish nothing but corruption and redistribution of American wealth through shadow corporations and false identities into Obama campaign coffers for Obama’s buy up the vote campaign. Obama now buys ads using campaign money that go on the air after commentators like Rush. They are made to sound like someone calling in to Rush.

World markets
The world now sees the Obama nightmare of high American debt as the world nightmare starting in 2013.
See German Carnival Parade Humor about European and US Politics
http://1389blog.com/2011/08/30/german-rose-monday-carnival-floats-political-cartoons-in-3d/
http://photos.denverpost.com/mediacenter/2011/03/rosemonday-carnival-parade-in-cologne-germany/

S&P on Monday downgraded Italy by one notch to A with a negative outlook, meaning further downgrades are possible. Stock markets and the euro fell as the eurozone’s third-largest economy falls deeper into the sovereign debt crisis. Today the markets are recovering because a default of Greece is believed 100%.

Still no resolution on Greece. China is pulling dollars out of Europe in retaliation for European disinterest in China’s demand for technology in return for investment. European markets were calmed last week as the US FED, without any authorization from Congress, has begun flooding European banks with liquidity to replace private bank funds that were being pulled out.

China hits new lows. 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

Has Germany bottomed yet? Choose 2 or 5 years. We would say yes.
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart1:symbol=^gdaxi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

The Swiss market has also bottomed. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets are in recovery.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

American Economy-
Last week summary
MBA Mortgage listing Index 09/03 -4.9% up considerably from last month’s -9.6%. This is the first of the good news we predicted starting for housing.
MBA Mortgage Purchase Index 09/10 up +6.3% after being down -4.9% last month. Great news again for housing.
Core CPI Aug remained constant at 0.2%… no inflation
Industrial Production Aug increased 0.2% down from 0.9% last month. Still a 2.4% annual rate
Philadelphia Fed Sep -17.5 a big improvement from last months -30.7
Net long-term TIC Flows Jul $9.vs $3.7B means foreign investment in the USA increased.
Sep 16 9:55 AM Mich Sentiment Sep 57.8 up from 55.7 but still very low.
NAHB Housing Market Index Sep was 14 just slightly lower than last months 15. This finally seems to be bottoming out and is more evidence the housing market is turning around. Remember GE/MSNBC/Pravda’s Jim Crammer claimed the market already bottomed in July two years ago. That is the accuracy of MSNBC/Pravda’s commentary.

Yesterday
Housing Starts Aug 571K down from 604K last month
Building Permits Aug of 620K while down to 597K they exceed for the first time the houses built in each of the previous two months. Since most permits generate houses this seems to be a turning point.
FOMC Rate Decision Sep unchanged ( 0.25%) from August.
We need to see Home Sales pick up next

This Week
Sep 21 7:00 AM MBA Mortgage Index 09/17
Sep 21 10:00 AM Existing Home Sales Aug
Sep 21 10:30 AM Crude Inventories 09/17
Sep 21 2:15 PM FOMC Rate Decision Sep

Sep 22 8:30 AM Initial Claims 09/17
Sep 22 8:30 AM Continuing Claims 09/10
Sep 22 10:00 AM FHFA Housing Price Index Jul
Sep 22 10:00 AM Leading Indicators Aug


Market Outlook September 21 2011

It is good news that housing starts are moving up and construction spending appears to have bottomed out. We need to see Home Sales pick up next
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction

The only thing stopping this emerging economic boom is negative barking Obama and his rules and Obamacrap legislation that the democrats and socialists passed without even reading. When he takes his $Billion campaign war chest and moves it to a bank in Nigeria we will know the Obama malaise is finally leaving the USA.

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=2y&l=on&z=m&q=l&c=

So far the trading range of equities has not even tested the resistance levels. 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=1y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=

Bulk trade seems to have bottomed and is finally improving. See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:

Asian Stocks were mixed last night. China up 2.7%, Hong Kong down -1%, India down –0.2%, Seoul up 0.9%, and Japan up 0.2%.

European markets are up mixed in a range -0.9% to 0.8% half way through their day.
.
American markets futures are up about 0.2% at 7AM EST.

Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obamacrap socialized medicine and new Obamacrap taxes loom. Obama is just stupid enough to try to destroy the corporate cash position with his harassment tactics. Obama stupidly causes businesses to have to cover themselves for Obama threats rather than spend for creating jobs. Never underestimate Obama’s stupidity. Corporate cash can also be used to buy real estate, capital equipment, corporate stock or to fund mergers when it is clear there will be no double dip recession.

Obama, the creator of American socialist corruption and the Obama mediocracy, still runs wild. We predict a gradual recovery but with high Obama caused unemployment until the stupid Obama socialists are all voted out of office. When Obama leaves, corporations can safely grow jobs again and unemployment will drop. Right now the Obama socialists are just too stupid to see how their corrupt government meddling to get contributions and kickbacks kills jobs everywhere.