Yesterday we did have Mr. Bernanke in our committee and he came to tell us what he’s doing with quantitative easing and that is trying to stimulate the economy with the bond purchases that he’s been doing because he’s trying to keep the interest rates low and jobs – and he said that if sequestration takes place, that’s going to be a great setback. We don’t need to be having something like sequestration that’s going to cause these jobs losses, over 170 million jobs that could be lost ...
Someone better tell this imbecile that 170,000,000 is 75% of the total working age population in the United States. Jeez what a hyberbolic ignoramus.
Thursday, February 28, 2013
Mr. Woodward better grow eyes in the back of his head.
Obama also thinks he owns the press, and I guess he's mostly right there- yet pride cometh before the fall: Rule #1 if you're going to pick a fight would be 'know what you're getting into'- and maybe -just maybe- famed Washington Post investigative reporter Bob Woodward wasn't the one to screw with.
Mr Woodward is of course currently engaged in -and winning- a very public debate with the White House, and came out with a scathing indictment yesterday of Obama Administration disinformation and reckless fiscal brinkmanship ("madness"), i.e. delaying military deployments (before the sequester even hits) due to the 'budgetary situation'.
These stunts are pure propaganda stagecraft designed to pressure Republicans into making a deal (on Obama's terms), since hitting the sequester deadline with no real catastrophes materializing -and current White House charades exposed- would be the worst possible thing that could happen in 'progressive' eyes (betraying the fact this country can survive -even prosper- with a few cuts here and there).
Posted by traderrob at 5:48 AM
Wednesday, February 27, 2013
It's NOT about the children, it's never been about the children.
On Dec. 11, the Taylor School District closed because so many of its teachers skipped school to go to Lansing to protest right-to-work legislation. As a result, about 7,500 students in Taylor were forced to miss classes that day.
For organizing that "sick out" protest, the American Federation of Teachers-Michigan gave Taylor teachers' union president Linda Moore an award for "outstanding organizing."
Public Act 112 in Michigan makes public school employees strikes and/or lockouts illegal.
In a Jan. 28 announcement posted on Facebook, AFT Michigan boasted that so many union members took Dec. 11 off "that Taylor schools shut down."
Posted by traderrob at 7:24 AM
Tuesday, February 26, 2013
There's several Sunbelt states who would bend over backwards to have them....tell Mary-Land to go pound salt.
Beretta USA in Maryland is thinking of pulling up stakes and moving out of the state because of pending assault-weapons ban legislation. Beretta USA is a division of Beretta, the 500-year-old family owned company which won a contract in 1985 to become the standard sidearm of all U.S. servicemen, replacing the Colt 45.
Gov. Martin O’Malley has offered a bill that would ban assault rifles and magazines with more than 10 bullets, meaning Beretta’s famous 9mm pistol, which has a 13 bullet magazine, would be banned. New sidearms that possessed “military features” would also be included, which means Beretta’s semiautomatic version of the ARX-160 would likely be banned.
Beretta USA has expressed frustration that the state where the guns are produced would disallow its citizens from owning the guns. Jeffrey Reh, general counsel for Beretta, said, “Why expand in a place where the people who built the gun couldn’t buy it?”
State lawmakers are genuinely concerned that Beretta will leave; 300 jobs could be lost. Senate President Thomas V. Mike Miller Jr. (D-Calvert) said, “I’m concerned. I think they’re going to move. They sell guns across the world and in every state in the union — to places a lot more friendly to the company than this state.”
Monday, February 25, 2013
John Kerry's quite adept at "inventing" things ie. his war record.
In an embarrassing slip of the tongue, Mr Kerry last week praised US diplomats working to secure "democratic institutions" in the Central Asian country, which does not exist.
The newly minted diplomat was referring to Kyrgyzstan, a poor, landlocked nation of 5.5 million, which he appeared to confuse with its resource-rich neighbour to the north, Kazakhstan.
The State Department kindly omitted the error in the official transcript of Wednesday's speech, which Mr Kerry delivered on the eve of his first foreign trip as secretary of state.
Posted by traderrob at 9:12 AM
Friday, February 22, 2013
Excellent article. The sequestration amounts to a measly 2% of budget. A drop in the bucket but the Libs would have you believe the consequences to be catastrophic. Leftist hyperbole at it's most vile.
With the automatic spending cuts kicking in next week, it’s tough to separate fact from bluster. Both the Obama administration and congressional Republicans chose this week to go with finger-pointing, a subtle acknowledgement that their differences on taxing and spending won’t be bridged by more negotiating.
President Obama and his team warn of government services getting even worse if the $85 billion of across the board cuts in fiscal 2013 are allowed to kick in next Friday—cars stuck idling at under-staffed border posts, furloughed bureaucrats, fewer police and firefighters, thousands of hungry children kicked off government nutrition programs.
Meanwhile, House Speaker John Boehner labors to remind the country that these reductions – or sequestration –were initially a White House-proposed fix in order to raise the debt ceiling back in 2011.
Posted by traderrob at 7:18 AM
Thursday, February 21, 2013
The only group that's flourishing in this economy.
The Michigan Civil Service Commission’s website boasts: "Invest your talent with the state of Michigan. The rewards are enormous."
In fact, for the first time, the average salary and benefit package for state employees surpassed $100,000 a year in 2011-2012.
The average combined cost of salary and benefits for a state worker jumped to $104,067 in 2011-12, increasing from $97,883 in 2010-11.
James Hohman, assistant director of fiscal policy with the Mackinac Center for Public Policy, did the analysis using the Michigan Civil Service Commission’s certified aggregate payroll.
Posted by traderrob at 2:27 PM
Wednesday, February 20, 2013
This is what 4 decades of liberal leadership, rampant corruption and unrestrained spending has wrought.
DETROIT -According to the Michigan State Treasurer's Office, the six-member financial review team appointed in December to examine the city of Detroit’s finances has unanimously determined that a local government financial emergency currently exists in the city, and no satisfactory plan is in place to resolve it.
"This review team spent two months pouring over the city’s finances, taking careful consideration of both long and short-term issues, including recent actions by the administration and City Council,” said State Treasurer Andy Dillon, a member of the six-person panel. “While we appreciate the steps the city has taken over the past number of weeks, key reform measures have not occurred quickly enough, if at all. The team collectively believes the city needs assistance in making the difficult decisions necessary to achieve the significant reforms that are so crucial to the city’s long-term viability."
Posted by traderrob at 5:54 AM
Tuesday, February 19, 2013
Well if the MSM can't spin this into a positive they'll just choose to ignore it.
A gauge of confidence among homebuilders declined in February, the first weakening since April, due, in part, to ongoing headwinds from economic uncertainty and strict lending standards, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Tuesday.
The index ticked down to 46 in February from 47 in January. Analysts polled by MarketWatch had expected a February result of 48.
Posted by traderrob at 8:11 AM
Monday, February 18, 2013
The 67% hike in its corporate and personal income tax rates makes Illinois about as attractive a place to locate as Belarus.
Insurance chain State Farm is reportedly buying up substantial workspace in Texas, which may signal a coming exodus from the company's home state of Illinois.
State Farm is keeping the move quiet so as not to alarm employees. But the Dallas Morning News reports that it is a “major business relocation” already underway and that this is “one of the biggest stories in the Dallas-area real estate market and will ultimately involve thousands of workers.”
Texas-based real estate expert Bob Gibbons notes in a blog post that State Farm’s Dallas office space lease--about 2.5 million square feet of workspace in a few different places--is the Dallas area’s largest-ever office space lease by a single company.
The Atlanta Journal-Constitution reported this week, too, that State Farm leased several hundred thousand more square feet of office space in Atlanta.
Posted by traderrob at 4:47 AM
Saturday, February 16, 2013
As long as you're not big oil, Fox News or a gun manufacturer all's good.
Despite earning more than $1 billion in profits last year, social media juggernaut Facebook paid zilch when it came to federal and state taxes in 2012.
In fact, the website will actually be getting a refund totaling $429 million thanks to a tax reduction for executive stock options.
In the coming years, Facebook will continue to get monster tax breaks, totaling about $3 billion.
Posted by traderrob at 2:01 PM
Friday, February 15, 2013
Can you believe the ego of this nimrod?
Piers Morgan believes that he is now a pin-up for both men and women, as he even gets underwear sent to him in the post. In an exclusive interview with TV Magazine, the 47-year-old broadcaster revealed that his fame has attracted some unusual attention. "I've always been a huge sex symbol, so it comes as no surprise to me that I've now got a fan club from the opposite sex and the same sex as a matter of fact," the Sun quoted him as sasying. "I've had the odd pair of knickers sent to me. It's a perk of the job.I'll just bet that most of the underwear he receives are soiled.
Posted by traderrob at 2:22 PM
Thursday, February 14, 2013
I wonder if white parents still have to pay for the program.....rhetorical question.
A principal said no white children were allowed at an after-school tutoring program, and now some parents call it discrimination.
The principal at Mission Viejo Elementary in Aurora sent a letter telling parents the program is only for students of color. Parents CBS4 talked with said they were shocked to see, in this day and age, what they consider to be segregation.Appears the school principal got caught stating his true beliefs. This kind of attitude from white or black should NOT be tolerated. He should be fired.
“I was infuriated. I didn’t understand why they would include or exclude certain groups,” said parent Nicole Cox, who is white.
Cox’s 10-year-old daughter needs tutoring. After receiving the notice, other parents complained to the school’s principal, Andre Pearson.
Posted by traderrob at 12:12 PM
Wednesday, February 13, 2013
A group of students at a California high school basketball game were told to remove patriotic bandanas and stop chanting “USA, USA” because school administrators wanted to be sensitive to other spectators.
The incident occurred during a basketball last week between Camarillo High School and Rio Mesa High School in Ventura County.The "diverse student bodies" happen to be IN THE UNITED STATES! And as long as they are taking advantage of all the this great country has to offer they better damn well put up with open display of patriotism or get the hell out.
A school administrator pulled aside four boys and told them to either remove their American flag bandanas or leave the game. The boys complied but returned to lead the crowd in a chant of “USA, USA.”
Camarillo High School principal Glenn Lipman told the Ventura County Star that the students were told to remove the bandanas as a “precaution” – because the two schools have “diverse student bodies.”
Both schools have a large Hispanic student population.
Posted by traderrob at 4:45 PM
Except for one thing, the tax burden under King George was lower.
Rock showman, humanitarian and TV host Ted Nugent, who also is a columnist for WND, says he thinks America needs to start over because of the mess that Washington has made of the nation.
He told reporters today in advance of Barack Obama’s State of the Union address that if he were giving the speech, he would say, “We need to start over and review the subjects that made us different than King George.”.
Nugent, who was invited to accompany Rep. Steve Stockman, R-Texas, to the Obama speech, described government in Washington as a “scam.”
“The modus operandi is already established … it is all a scam,” he said, noting the White House reportedly has invited illegal aliens to attend the address in support of Obama’s immigration-reform proposal
Posted by traderrob at 11:45 AM
Tuesday, February 12, 2013
Bravo OA BRAVO!
Olympia, WA --(Ammoland.com)- Olympic Arms is a staunch believer in and defender of the Constitution of the United States, and with special attention paid to the Bill of Rights that succinctly enumerates the security of our Divinely given Rights.
One of those Rights is that to Keep and Bear Arms.
Legislation recently passed in the State of New York outlaws the AR15 and many other firearms, and will make it illegal for the good and free citizens of New York to own a large selection of legal and safe firearms and magazines.
We feel as though the passage of this legislation exceeds the authority granted to the government of New York by its citizens, and violates the Constitution of the United States, ignoring such SCOTUS rulings as District of Columbia v. Heller – 554, U.S. 570 of 2008, McDonald v. Chicago – 561 U.S. 3025 of 2010, and specifically the case of United States v. Miller – 307 U.S. 174 of 1939.
Due the passing of this legislation, Olympic Arms would like to announce that the State of New York, any Law Enforcement Departments, Law Enforcement Officers, First Responders within the State of New York, or any New York State government entity or employee of such an entity – will no longer be served as customers.
Posted by traderrob at 3:11 PM
Synchonized swimming, Badminton, Floor dancing stays on and one of the original Greek Olympic sports is eliminated.....what a joke.
Wrestling should be removed from the 2020 Olympic Games, the International Olympic Committee's Executive Board recommended on Tuesday as it looks to revamp the Games sports programme.
Wrestling, contested in the first modern Olympics in 1896, will join a list of seven other candidate sports battling for one spot on the programme. It is very unlikely, however, that wrestling will get back in.
The IOC session in Buenos Aires in September will still need to ratify the decision.
Posted by traderrob at 5:56 AM
Monday, February 11, 2013
How hypocritical is that considering the numerous pro-abortion votes she's cast over the years.
Former congresswoman and shooting survivor Gabrielle Giffords urged members of congress to "be bold, be courageous" at the first gun violence hearing since the Newtown massacre.Video HERE.
Posted by traderrob at 12:43 PM
Saturday, February 09, 2013
Friday, February 08, 2013
Thursday, February 07, 2013
Sooner or later the "unexpected" should become the expected.
As is the case every Thursday, the BLS reported its weekly initial claims which unlike two weeks ago did not estimate the initial unemployment claims for America's most populous state when the number plunged, and has now missed expectations for two weeks in a row, printing at 366K, on expectations of a 360K number, while last week's 368K was as usual revised upward to 371K. As a result, the Mainspin Media already has its headline: Initial Claims decline by 5,000.
Such is life under the US Department of Truth, even as unadjusted initial claims spiked by 16.7K to 386K in the week ended February 2. In other news, people on Extended Unemployment Comp plunged by 288K after soaring in the week prior, and making some wonder just what is going on with the EUC 2008 data series for it to get such massive weekly shifts each weeAnd concerning productivity.
Posted by traderrob at 6:11 AM
Wednesday, February 06, 2013
Apears that making an in your face spokesgay like Ellen DeGeneres your company frontperson wasn't such a slick corporate move.
JCPenney CEO Ron Johnson is getting ready to break more hearts at headquarters — a few hundred more.
In what some Penney insiders are calling the “St. Valentine’s Day Massacre,” the former Apple exec plans this month to fire at least 10 percent of the remaining 3,000 employees at the retailer’s home offices in Plano, Texas, sources told The Post.
While the bloodbath was originally targeted for last month, sources said Johnson opted to delay it until after the flailing company’s fiscal year ended last week.
Posted by traderrob at 7:12 AM
Tuesday, February 05, 2013
Monday, February 04, 2013
At a cost to the American taxpayer of at minimum of $240,000,000.....Idiots.
Hybrid car pioneer and “father of the Prius” Takeshi Uchiyamada says the billions poured into developing battery electric vehicles have ultimately been in vain. "Because of its shortcomings--driving range, cost and recharging time--the electric vehicle is not a viable replacement for most conventional cars," said Uchiyamada. "We need something entirely new."
Uchiyamada’s comments come as the U.S. Department of Energy announced Thursday that the government is backing off President Barack Obama’s promise to put one million electric cars on American roads by 2015. As Breitbart News reported last September, there are just 30,000 electric cars on American roads.
Posted by traderrob at 2:56 PM
Wonder how the MSM will try to spin this into a positive.
Today's December factory orders data came as a surprise to those expecting a whopping beat of expectations in the aftermath of the superficial beat in the Durable data released last week.
Instead, the headline Factory Orders missed expectations of a 2.2% rise, growing just 1.8% in December, with the November data revised lower from 0% to -0.3%.
Worse news was that Factory Orders ex the meaningless and volatile transportation number (see Dreamliner), rose just 0.2% in the last month of 2012, after declining 0.2% in November.
Posted by traderrob at 9:47 AM
Saturday, February 02, 2013
Terrific dual meet, came down to the last match!
On paper, the third-ranked Iowa wrestling team had every bit a chance to win Friday night’s dual with Penn State as the top-ranked Nittany Lions.
Both teams had top-ranked wrestlers and both had matches they should have won.
The Hawkeyes took care of the matches they were favored in and did a little more as Tony Ramos earned a big win by fall at 133 and sophomore Mike Evans won the only true swing match of the night during a 22-16 victory over Penn State in front of a loud and crazy sold-out crowd of 15,077 at Carver-Hawkeye Arena.
The win gave the third-ranked Hawkeyes (16-1, 6-0) sole possession of first place in the Big Ten and snapped Penn State’s (8-1, 5-1) streak of 20 consecutive dual victories.
Posted by traderrob at 7:34 AM
Friday, February 01, 2013
Rahm Emanuel has his ass handed to him by Senator Ted Cruz, Bravo!
Texas Senator Ted Cruz wants Chicago Mayor Rahm Emanuel to back of gun manufacturers. The Republican senator issued a response to Emanuel’s letter to banks which do business with gun makers.
The Lone Star politician considers the former Obama administration official a bully. Cruz told gun companies that Texas banks would welcome their business and offered to personally introduce them to leading lenders.
Senator Cruz’s response to Rahm Emanuel stated:
“Your city’s longstanding policies stripping citizens of their Constitutional rights to keep and bear arms have, in turn, produced some of the very highest murder rates in the nation. Regardless, directing your attack at legitimate firearms manufacturers undermines the Second Amendment rights of Texans. In the future, I would ask that you keep your efforts to diminish the Bill of Rights north of the Red River.”
The Texas Senator’s Rahm Emanuel response also maintained the Chicago mayor was trying to deprive law-abiding citizens of the right to bear arms, the Washington Examiner notes. Mayor Emanuel’s letter was sent to both the Bank of America and TD Bank. Both banks extend a massive line of credit to two major American gun manufacturers.
Posted by traderrob at 12:24 PM
All we need is another 15,000,000 to drop out of the labor force and we'll have 100% employment!
The number of Americans not in the labor force grew by 169,000 in January, according to the Bureau of Labor Statistics’ latest jobs report. BLS labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work. There were 89 million of them last month. The number of people not in the labor force had declined in December to 88.8 million from 88.9 million in November. The nation's unemployment rate increased a tenth of a point in January, rising to 7.9 percent from 7.8 percent, a level the Labor Department described as "essentially unchanged."
Posted by traderrob at 8:40 AM