Obama’s economic recovery is all smoke and mirrors .

Obama’s economic recovery is all smoke and mirrors.

1) This past week Obama’s illegal alien uncle was again arrested in Boston for drunk driving. No one can explain how he could legally get a US Social Security Number or could have passed a driver’s test without Obama’s complete disregard for America’s laws.
http://dailycaller.com/2012/04/03/obamas-illegal-alien-uncle-back-behind-the-wheel-after-drunk-driving-arrest/
http://www.bostonherald.com/blogs/news/lone_republican/index.php/2012/04/03/no-longer-a-mistake-on-obamas-uncle/

2) The reported Obama 18% lead with woman voters apparently disappeared today as Rasmussen Reports only shows that 25% of the nation's voters Strongly Approve of the way that Barrack Obama is performing his role as president while forty-three percent (43%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of –18. Only Twenty-nine percent (29%) say the U.S. is generally stumbling in the right direction. In a hypothetical Election 2012 matchup, Mitt Romney attracts 47% of the vote, to President Obama’s 45%. In order for Obama to really have an 18% lead with women Obama would have to trail about 25% with men because women outnumber men and Obama is behind by 2%... even with his purported 18% lead with women plus 100% of the lunatic fringe plus 100% of his registered illegal aliens/relatives.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

3) The White House is facing criticism for their White House Easter Prayer Breakfast excluding top leaders of the nation’s largest Protestant denomination.
http://nation.foxnews.com/southern-baptist-convention/2012/04/04/obama-invites-sharpton-white-house-not-southern-baptist-president

4) This past week blatant racist lame stream Lunatic Leftist news sources all admitted doctoring evidence to make George Zimmerman look like an assailant when he was the victim. Good thing they admitted it before the lynching started.
http://www.ibtimes.com/articles/324402/20120405/nbc-apology-911-call-trayvon-martin-zimmerman.htm http://www.theblaze.com/stories/cnn-enhances-zimmerman-911-call-again-and-reporter-now-doubts-racial-slur-used/
http://www.scrippsnews.com/node/68495
http://www.wgmd.com/?p=52758

The pedal has been to the metal for three years as Obama socialism gradually destroys free enterprise and enforcement of the American Constitution and established laws. Obama simply refuses to enforce the laws he doesn’t like. 

Obama racism spreads across America as a diversion from Obama’s failed socialism and his corruption of science and energy research. The economy is sagging again with Obama’s attacks on free enterprise and attacks on pay for performance that he calls "Darwinian".

The markets are poised for an Obama flash crash in his popularity and the economy. The three-judge panel for the 5th Circuit Court of Appeals on Tuesday ordered the incompetent Obama to explain by today whether the Obama administration believes Supreme Court judges do not have the power to strike down an Obama law.

An astute observer has said, ”To the Russian and Nazi socialists, economic crises were essential to their power grabs. To the idiots like Carter and Obama the Americans respond to their crises by kicking their asses out of office.”

The market is about to give a four-year sell signal and a twelve-year mega-sell signal. Obama declared an economic depression in 2007 and we got it because he needed it to win the election. Obama crying “wolf” saying Bush created a depression during his campaign psychologically pushed the world into a depression with the help of his buddy Senator Dodd who caused the first bank run of the Obama-Dodd-Frank liar loan meltdown. We need to dump Obama quickly just as we dumped Jimmy Carter.

Obama home liar loans, Obama corruption in the energy sector, Obama election fraud with no voter IDs... see how the corrupt Obama and stupid socialists are stealing our freedom! See how easy it is for Obama’s activist organizations like ACORN to load the ballot boxes for their lunatic left candidates. This is why voter I.D. is sorely needed. See how Obama and Al Franken get their votes the same way that Putin does it in Russia. See what Obama did all his life as a “community activist’ engaged in voter fraud.
http://www.youtube.com/watch_popup?v=GqMVxeZhflI&feature=player_embedded!

World market
European markets decline again.

All the global stock markets are giving one year, seven-year and twelve-year peak to peak sell signals. Germany’s market is losing steam in a 12-year mega-trend decline. To see the megatrend look back to 1995.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

Emerging markets are still lower than last year’s high and look like a head and shoulder sell signal 12-year mea-trend decline.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=^bvsp;range=5y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

American Economy
Obama shovel ready economic data manipulation comes with the latest job pitch. Obama economic progress is a very simple manipulation of data. If Obama was not corrupt he would report consistently from month to month not report fictitious good news but then quietly lower it in a hidden “revision” so he can fraudulently report good news the next month.

This Week
ISM Index Mar 53.4 up slightly from 53.0 last month.
Construction Spending Feb was going to drop –1.8% compare with dropping only –0.1% last month which is quite horrible; but Obama changed the drop of –0.1% last month to a drop of –0.8% without reporting that change so that the this month the drop would only be -1.1%. Without the neo-Stalinist Obama corruption of American data the construction spending would show plummeted –1.8% last month.
Factory Orders Feb up 1.3% after declining -1.0% last month.
Auto Sales Mar were spun but not published The can go up a lot when they are divided by numbers close to zero in the past two years. Obama smoked more cigarettes than the number of battery driven cars and windmills produced in America. Obama has the highest carbon footprint of any national president or dictator today.
Truck Sales Mar were spun but not published
MBA Mortgage Index 03/31 4.8% up from -2.7% last month
ADP new jobs for Mar 209K down from 216K last month
ISM Services Mar 56.0 down from 57.3 last month
Crude Inventories 03/31 at a record 9.1M vs 7.102M last month yet gasoline prices rose again. That is the Obama curse.

Yesterday
Challenger Job Cuts Mar -8.8% down from 2.0%

Initial Claims 03/31 357K 363K Last week it was 359K after it was announced it was immediately increased to by 4K so that they could reduce this weeks number from an increase to 361K to a decrease to 357K. Her it is again.
The truth is Initial Claims 03/31 361K up from 359K which is bad.
Obama lied and said Initial Claims 03/31 357K down from 363K by moving 4K to last weeks number after reporting last week 4K lower.

Continuing Claims 03/24 3338K down from 3340 is the Obama lie in which he says we improved 2K
Continuing Claims 03/24 3338K 3379K up from 3354K is the Obama sad truth. Obama shifted 15K to last week after reporting last week 15K lower. That shift is a lie that makes this week look 16K lower instead of 18K worse.
Obama’s economic recovery is all smoke and mirrors otherwise know as Obama bullshit.

Today
Nonfarm Payrolls Mar 120K sharply lower at 227K
Nonfarm Private Payrolls Mar 121K sharply lower 233K
Unemployment Rate Mar 8.2% down from 8.3% Obamabull
Hourly Earnings Mar 0.2% up from 0.1%
Average Workweek Mar 34.5 no change from 34.5

Market outlook April 6, 2012
Obama socialism is gradually destroying American free enterprise and Obama is not enforcing the American Constitution with its established laws, as an American President is required by the American Constitution to do. Obama simply refuses to enforce the laws he doesn’t like. Obviously Obama does not consider himself to be an American president.

Federal Reserve Chairman Ben S. Bernanke warned last week that a U.S. economic recovery is non-existent and not even assured (as long as Obama is in office). This market is running on borrowed time.
The stock markets are once again could not break their upper resistance levels. One of these bumps will result in the next flash crash when the Hedge Fund computers take their profits.

The DOW rails still do not confirm the last DOW industrial’s rise and are even lower now. No rail confirmation means there is no DOW buy signal. In fact it is looking like a head and shoulder sell signal forming worse in the Rails. http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#chart1:symbol=^djt;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

The VIX shows record complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=

Baltic Dry Index is still indicating the worldwide recession is entrenched.
http://www.bloomberg.com/quote/BDIY:IND/chart

Stock market update:
Asian Stock markets were mixed again last night. China up 0.2%, Hong Kong closed, India closed, and Japan down -0.8%.

European markets are down today in a range of 0.2% to –1.2% half way through their day.
American market futures are mixed about +0.1% in after hour trading at 8 AM EST. The market will be open briefly on Friday.