The 0bamacare bill must be struck down to prevent Obama's American Socialist State (Obama's ASS)

The 0bamacare bill must be struck down to prevent Obama's American Socialist State (Obama's ASS)

Obama is a flaming racist! Members of Obama's race are still able to get zero down mortgages for houses they cannot afford. Obama now wants to bail out all the people of his race who got houses with 0% down mortgages and no established credit record. That makes American's mad and they are not going to take it any more. Throw the bums out!

Ignorance is just the state of Obama knowing nothing that he needs and should know.
Stupidity is Obama not caring to learn to prepare so he can know something to deal with the economy.
Ignoramus or moron is Obama still blaming others for his own ignorance and stupidity instead of studying world economic history and becoming a real president not a buffoon.

The Panic of 1819 was the first major financial crisis originating in the United States. But there were already two international financial crises after 1776 and before 1819.

1 The new nation had faced a depression during the American Revolution in the late 1780s

2 A severe economic downturn 1797-99 following the Panic of 1797.

3 But those earlier crises were primary caused by economic turmoil that originated in Europe. These crises and others that resulted from international conflicts such as the Embargo Act and War of 1812 caused widespread foreclosures, bank failures, unemployment, and a slump in agriculture and manufacturing. However, things changed for the US economy after the Second Bank of the United States was founded in 1816, in response to the spread of US bank notes across United States from private banks, due to inflation brought on by the debt following the war.
See:
http://www.thehistorybox.com/ny_city/panics/panics_article8a.htm

4 The Panic of 1819
In contrast, the causes of the Panic of 1819 largely originated within the U.S. economy. The panic marked the end of the economic expansion that had followed the War of 1812.

5 Panic and Depression 1832

6 Depression 1837-1843

7 The Panic of 1857

8 Panic and Depression 1869-1871

9 The Panic of 1873

Karl Marx Communist Manifesto was completed in 1882 in which he like Barack Hussein Obama declared that free enterprise was dead.

10 The Panic of 1893

11 The Panic of 1901-Market Fails, Panic Reigns

12 Herbert Hover Panic 1929 and FDR socialist Depression of 1933-1941

13 Jimmy Carter malaise and recession 1978-1983

14 Bill Clinton Dot Com Meltdown 2000 and 911 in 2001

15 Rangle-Dodd Senate Banking Commission mortgage corruption racket meltdown 2008

Yes America has had 15 busts of which about 5 were considered depressions but that is because American has lots of boom times. Socialism and communism have perpetual busts and only have economic booms when they abandon socialism and use their brains to imitate America just like China is doing today.

So moron Community Organizer and Chief, Barack Hussein Obama, last week again declared that the past sound economic policies (tax and government job cuts) of America have failed and his socialist Nigerian, Malaysian, and Moslem ideas (more government jobs for socialist sycophants) are better. He apparently is preparing public financing for his own personal domestic army of criminals modeled after Adolf Hitler's and Saddam Hussein's, personal guards who tortured and murdered dissidents.
See:

http://www.youtube.com/watch?v=kx3Rw8skOHs

The movie Operation Valkyrie shows how Hitler used the SS and the 2000 man personal guard. Claus Schenk Graf von Stauffenberg attempted one of the 16 failed assassinations to get rid of Hitler. If this 0bama dictatorship preparation is true then it is quite frightening and reason alone for striking down that legislation because how could the bill pass if it had been known when they voted on it!! And how can an unread Obama criminal bill even be legal? He deliberately forced it through in a few days so no one would read and understand the bill. Even Pellosi said no one knew what was in the bill.


World Markets:
The world does not yet have to have an "0bama Depression." We just have to reverse 0bamacare and other policies so that businesses are not afraid to hire and get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.

Economic Calendar
The leftists say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid of Obama not to have learned yet that America and the rest of the free world have major boom-bust cycles every 20 to 50 years with panics in between. Leftists are historically corrupt and manufacture invalid statistics primarily for propaganda. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.

Obama's Budget Deficit for Aug was -$90.5 billion, a slightly smaller deficit than the -$103.6 billion last month.

Yesterdays past month numbers all appear manipulated after they were reported last month. They were manipulated in a direction to make this month's numbers look better.
Sep 14 8:30 AM Retail Sales Aug were solid improving 0.4% as it improved manipulated last month.
Sep 14 8:30 AM Retail Sales ex-auto Aug improved 0.6% up from 0.2% manipulated last month
Sep 14 10:00 AM Business Inventories Jul increased 1% compared with manipulated 0,5% last month

Today
Sep 15 8:30 AM NY Fed - Empire Manufacturing Survey Sep
Sep 15 8:30 AM Export Prices ex-ag. Aug
Sep 15 8:30 AM Import Prices ex-oil Aug
Sep 15 9:15 AM Industrial Production Aug
Sep 15 9:15 AM Capacity Utilization Aug
Sep 15 10:30 AM Crude Inventories 09/11

This week
Sep 16 8:30 AM Initial Claims 09/11
Sep 16 8:30 AM Continuing Claims 09/4
Sep 16 8:30 AM PPI Aug
Sep 16 8:30 AM Core PPI Aug
Sep 16 8:30 AM Current Account Q2
Sep 16 9:00 AM Net Long-Term TIC Flows Jun -
Sep 16 10:00 AM Philadelphia Fed Sep

Sep 17 8:30 AM CPI Aug
Sep 17 8:30 AM Core CPI Aug
Sep 17 9:55 AM Michigan Sentiment Sep


Market Outlook Sept 15, 2010
An upside breakout would require a surge of the NYSE above 7127. We are now at 7162 but we still need a surge for it to be a breakout and we need a volume pickup. Yesterday volume was still below the 100 day moving average.

Gold and silver are at highs and should be sold at these levels. It is time to take profits or snitzel, as Jim Cramer would say. Cramer is very bullish now.

The moronic 0bama communists say, "The economy is in a pickle, time to reconsider the hammer and the sickle." They will smear all those who believe in America's free enterprise system, which survived 15 panics and 5 financial meltdowns since 1776.

But even when they are thrown out of office the lame duck leftists will still be able to pass an extreme leftist agenda and leave a legal morass for the new inexperienced Congress to unravel. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.

0bama's leftist government needs to be thrown out in November for the rally to be big. If the socialists maintain even a slight majority it will be impossible to reverse) 0bama's "Criminal Army," his unconstitutional redistribution of wealth, and 0bamacare because the socialists will claim they have a mandate to continue to destroy American free enterprise and liberty. The dirty propaganda the Nazi used to take control could pale in comparison to what the socialist-democrats have in store this October. FDR created the Great Depression out of the Wall Street panic of 1929. President Reagan deftly handled a Wall Street panic in October of 1987 and it was Greenspan's first test. Unfortunately 0bama is so stupid he actually still thinks this was the first time free enterprise has had a massive financial meltdown.

Obama is a flaming racist! Members of Obama's race are still able to get zero down mortgages for houses they cannot afford. Obama now wants to bail out all the people of his race who got houses with 0% down mortgages and no established credit record. That makes American's mad and they are not going to take it any more.

World Markets
Asian markets were up last night following the USA. Shanghai down -1.3%, Hong Kong up 0.2%, India up 0.8%, and Japan up 2.3%.

European markets are down following American futures again this morning in a range of about -0.1% to -0.5% about half way through their day.

US pre-market futures are down slightly in the range 0% to -0.3% this morning at 8:00 AM.

The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt moron leftist democrat-socialists who are destroying America with racist giveaways to their voting constituencies. 0bama, the racist, wants every person of his race to get a no-money-down house and then tax working Americans to bail them out and forgive their debt.