Stock Market and Political Commentary

The Dubai Warning Flag

As we have discussed on this blog through many different commentaries, the debt burden throughout the world in private companies and even sovereign states and nations, cannot be maintained and will likely result in various financial collapses in the coming months.  Some of these will be routine and small while others could be catastrophic for economies around the globe.

Did the Dubai default just send up a warning flag for what is to come for others in the near future?

"Fears of a dangerous new phase in the economic crisis swept around the globe yesterday as traders responded to the shock announcement that a debt-laden Dubai state corporation was unable to meet its interest bill."

"Nervous traders transferred the focus of their anxieties from the risk of companies failing to the risk of nation states defaulting. Investors owed money by Mexico, Russia and Greece saw the price of insuring themselves against default rocket."

Will our young King see the California IOUs, New York saying they will be broke by the end of the year, plus this Dubai warning flag and drop his reckless and insane plans to borrow more money for another "stimulus" and his plans to skyrocket the debt through government health care?  No! 

The federal government is currently spending 1,5 trillion dollars a year ( $30 billion a week)  more than it is taking in through its revenue sources.  That is 30,000,000,000.00 per week!  

Let me put it another way.  We are borrowing about $100.00 per week for every man, woman, and child in the US.  So each week every family of 4 goes into debt another $400.00. Do you think this will not have serious consequences, either in inflation or even, in the worst case, default on this debt?

And this is not enough.  The Airhead wants more debt while again trying to have it both ways by making comments about how this debt burden is unsustainable.

Hey Obama.... if racking up this debt is unsustainable why are you actively working to rack up new debt by job killing programs that will skyrocket the deficit to levels that could result in default by the US Treasury?

At his next press conference see if you hear anything from the King that would satisfactorily answer this question.  I've not heard it yet, and I'm betting we won't hear it in the future either.

You think the economy is bad now?  Just wait until the full consequences of this mountain of debt manifests itself.  Man I hope I'm wrong about this, because if I'm not, it's not going to be pretty.

Dubai Article

J. Cogburn 

A Bloody Lip

Growing up in Tennessee back in the 60s it was not uncommon to encounter others kids who were not as enlightened as I was and sometimes the only way to teach them something was to bloody their nose or lip to get their attention.  It was no big deal; a little swelling, a cold compress, a little pressure, and in a day or two they were as good as new.

But how far we have fallen in this country!  Now if our brave young Navy SEALs risk their life to capture a murdering terrorist, and he claims to have gotten a bloody lip while being captured or in captivity, then our military heroes are charged with "dereliction of performance of duty for willfully failing to safeguard a detainee, making a false official statement, and assault."

Political correctness is squeezing the life out of our spirit as a people and as a nation.  It breeds injustice for our heroes and fuels contempt from our enemies.  Many citizens do not realize just how dangerous this has become and how that one day they may be seriously injured or killed as a result of this stupidity.

So let's see how this is playing out now.....

By all rules of warfare enemy combatants (those engaged in war against us not wearing a military uniform and representing a sovereign country) can be shot on sight.  They have no legal rights to the protections of the Geneva Convention, rights to a trial of any sort, and certainly not a trial in a US court with Constitutional rights designed for American citizens who are accused of committing a crime.

But the confessed mastermind of 9/11, Kaleid Sheik Muhammed, will get a civilian trial with all the rights of a US citizen (hint: if he really does he cannot be convicted) courtesy of Barack Hussein Obama. 

However in 2009, Navy SEALs who risked their life to capture one of the most brutal terrorists in Iraq (Abed) will get a military court martial.  Let me put this another way; what will the Navy SEALs get for risking their life in the US military to defend this country against terrorists:

    Will they get a medal?  No

    Will they get a civilian trial?  No

    Will they get a military trial by court martial?  Yes

    Will their career be ruined?  Yes

    Will they serve jail time?  Perhaps

Just what did this terrorist do?

"The four Blackwater agents were transporting supplies for a catering company when they were ambushed and killed by gunfire and grenades. Insurgents burned the bodies and dragged them through the city. They hanged two of the bodies on a bridge over the Euphrates River for the world press to photograph."

"Intelligence sources identified Abed as the ringleader, but he had evaded capture until September."

But what about poor Abed... how was he brutalized when he was captured by these lawless and savage Navy SEALs?

"Ahmed Hashim Abed, whom the military code-named "Objective Amber," told investigators he was punched by his captors — and he had the bloody lip to prove it."

So there you have it.  The terrorist had a bloody lip.  This means we needed to voluntarily take our guys out of the fight and see if we can't teach them a lesson about how they must handle these terrorists in a much more gentle manner by ruining their careers and lives if possible. 

 Of course now that the terrorists are beginning to actually believe that we are a bunch of complete idiots being led by an absolute airhead, and rightly so, he may have bloodied his own lip knowing that would cause chaos in our military and destroy the lives of those who captured him.  

Bottom Line:  We now prosecute our young men who are risking their life to keep us safe if a terrorist gets a bloody lip. God help us all...

http://www.foxnews.com/story/0,2933,576646,00.html

J. Cogburn

Global Warming Hoax Exposed

For years I've said that man-made global warming is a hoax.  Now this hoax has been exposed through emails from the "scientists" who have been pushing this scam.

I've listed some of my previous commentaries on this subject below, but first let's take a look at the evidence of fraud among the proponents of this scam which was created for displaced communists and wealth redistribution types like Barack Hussein Obama.  Since he has bought this lie hook, line, and sinker, and wants to raise your utility rates significantly through Cap and Trade to fight "global warming", it is just more evidence supporting my claim that our young King is in fact an airhead.

"It was announced Thursday afternoon that computer hackers had obtained 160 megabytes of e-mails from the Climate Research Unit (CRU) at the University of East Anglia (UEA) in England. Those e-mails involved communication among many scientific researchers and policy advocates with similar ideological positions all across the world. Those purported authorities were brazenly discussing the destruction and hiding of data that did not support global-warming claims."

http://www.washingtontimes.com/news/2009/nov/24/hiding-evidence-of-global-cooling/

Now take a look at a few of my commentaries on this over the last couple of years....

Hurricanes, Models, and Suckers

Mirror on the Wall

Poor Al

Global Warming Hoax Update

Stupidity Preference

Global Cooling?

Key Facts and Photos of ANWR

J. Cogburn

Sarah Palin Review

Now that Sarah Palin has made the best seller list before her book was even released, and will likely have one of the top selling books in history (behind the bible and Rick Warren's book) even though she is no longer even holding a political office, it seems like a good time to review a few of my commentaries about this woman that I wrote last year.

But first, for a little perspective, keep in mind that Nancy Pelosi was the first woman to become Speaker of the House of Representatives and she too wrote a book not long ago. Let's see the results of her efforts shall we?

--------------------------------------

In her first week at market, Speaker of the House Nancy Pelosi sold just 2,737 copies of her book KNOW YOUR POWER, according to NIELSEN BOOKSCAN.

The DOUBLEDAY release was launched with a full media push, featuring high profile interviews on TODAYTHEVIEWTHISWEEK…

On Amazon:  Sales Rank: #626631     

----------------------------------------------------------

Now let's look at Sarah Palin's results for the first day:

"Sarah Palin’s memoir just hit the stands today but demand for “Going Rogue: An American Life” is so strong that HarperCollins Publishers is going back to press for an additional 100,000 run, bringing the total number of hard-covers in print to 1.6 million copies."

OK, Nancy Pelosi 2,737 copies the first week; Sarah Palin 1.6 million copies the first day... sounds about right to me given their relative performance of their political duties while in office.

I knew Sarah Palin from afar long before she was picked for the VP candidate slot for John McCain.  At the time she was selected she was the most popular Governor in America with an approval rating of over 80%.

Why?  Because she was doing a terrific job as Governor for the people of Alaska.  She had shown she was a woman of conviction,  courage, integrity, and a person who was a real leader and knew how to get things done.

So how did the mainstream media portray her?  As a dumb hillbilly from Alaska that probably didn't even know how to read (Katie Couric just couldn't believe they have access to the normal news outlets way up there in Alaska).  She was such a religious nut why she was probably from a snake handling church.... and can you believe the woman believes in God and would allow an imperfect child to be born when she could have had him aborted?  The nerve of her!

The McCain Campaign made a tragic mistake by allowing CBS news, which is about as liberal as it gets, to tape her for 9 hours and then only use 9 minutes of tape.  Of course they strung together the clips to try and make her out to be an ignoramus and of course many people who saw her for the first time in this interview bought it hook, line, and sinker.

But I said at the time that Sarah Palin is the real deal.  If you think you are dealing with someone who is weak and spineless you really are clueless.  That is simply not who she is and you underestimate her at your own peril.

09/04/08 - Speech Good - Best Yet to Come

09/09/08 - Notice How They Work

10/02/09 - Is Palin Overqualified for VP?

10/17/09 - Palin Wins by 75% Margin

10/19/2008 - Are Liberals Always Wrong? 

10/21/08 - Palin Travel Expenses Too Much for Media?

J. Cogburn

Obama Promises are Worthless

Once again let's document with direct facts that show how Obama is an incompetent airhead who either can't or won't keep even his most basic promises.

Remember his second day in office?  He promised to shut down Guantanamo prison within a year.  But now he admits that won't happen.

"WASHINGTON - President Barack Obama on Thursday moved quickly to undo a contentious Bush administration national security program, ordering the CIA to close down secret overseas prisons and the Pentagon to close down the Guantanamo prison within a year. The president also banned the harshest interrogation methods."

Imagine, this is a military matter very much under the direct control of the Commander in Chief and yet he can't even keep his word on this.  I told you when it happened the whole thing looked like a Saturday Night Live (SNL) skit because it was done in such an amateurish fashion.  See my blog piece written at the time:  Executive Order at Guantanamo Prison

I predicted additional terrorist attacks under this weak leader and now we have had one by an operative inside the military.  Result:  13 dead and many more wounded.  Look for more attacks in the future.

Was this too tough of a promise to keep for our narrow shouldered leader?  OK... let's look at another promise.  He promised to make sure bills would be posted on the internet for several days before they would be voted on by the Congress.  Well, once again he did not keep his promise.

In short, Obama's promises are worthless!  The American people need to contact their television and radio networks and let them know that anytime this liar appears on their air they will switch channels or turn off the radio or TV completely.

Why?  Because they are tired of hearing his out and out lies and are simply refusing to hear them anymore.  They should learn through zero ratings not to cover his daily TelePrompTer reading sessions because what he says means nothing.

So now Obama is promising that if you let him manage your health care it will be cheaper with better service. As I've tried to teach in the past, when a liberal speaks all you need to know is that they are 180 degrees out of phase almost without fail.  So this means the government health care would actually be more expensive with worse service for the patients.

Really folks....  if he can't keep these much simpler promises are you going to rely on his promises regarding the health care for you and your family where life and death or pain and suffering could be involved?  If so may I suggest you visit a psychiatrist before you visit your family doctor.

Obama Admits Delay In Closing Guantanamo

J. Cogburn

The Airhead Rides Again

Let's have a little William Tell Overture music shall we as we recall hearing "The Lone Ranger Rides Again".

Don't remember the music?  Listen to it here:  http://www.youtube.com/watch?v=IM-5tTLz9_E

Now turn the volume up on the music for the 2009 version I'm calling "The Airhead Bows Again". 

This guy learned nothing from being raked over the coals earlier in the year for bowing to the Saudi King.  That's a sure sign of an Arrogant Airhead; they learn nothing because they are so arrogant they don't think they make mistakes and even if they did they are not smart enough to learn from those mistakes.

See the Airhead in action at the link below:
http://latimesblogs.latimes.com/washington/2009/11/obama-emperor-akihito-japan.html

Let's face it; he confirms day after day that he is a lightweight just as his resume indicates.

In short, he is an embarrassment and other world leaders are laughing at this guy.

J. Cogburn

Proof That Animals are Smart

Today we find more evidence that animals are very intelligent beings.  But are they are smart enough to detect biased news reporting and take the appropriate action?

When I was growing up in the 60s Walter Cronkite was the anchor at CBS news.  But it was so slanted that my Dad made sure we were not allowed to watch this in our house.  It didn't get any better with Dan Rather and of course Katie Couric is... well.... Katie Couric.

So given all this, would an animal be able to detect a CBS reporter and take the appropriate action if given the chance?  See for yourself at:

http://www.cbsnews.com/video/watch/?id=5628730n

J. Cogburn

Power and Stupidity

This week was proof positive the democrats in Congress are power hungry to the extreme and the republicans and simply stupid beyond belief.

First let's consider the power hungry democrats.  They would have no office or power without the Constitution which establishes the office of the President and the Congress.  Before they take office they smile while holding their right hand in the air and placing their left hand on the Bible (or is it the Koran these days?) and they swear to uphold and defend the Constitution against all enemies, both foreign and domestic.

Next they become the arch enemy of the Constitution themselves.  They could care less about the constraints placed on the federal government outlined in this marvelous document, which is the foundation for all of our laws in the United States, that has been the basis for more freedom and prosperity for more people than has ever been experienced in human history.

 In the House of Representatives they passed a health care bill this week that shows just how power hungry and insane the democrats are and also shows they will take away every spec of your liberty and freedom unless they are stopped soon.

With this bill they are saying that they have the power to force every citizen in America to buy a particular product.  And if you don't what will they do?   Fine you heavily and throw you into prison for up to 5 years... for not buying health care insurance... and only the kind they approve!

 PELOSI: Buy a $15,000 Policy or Go to Jail

JCT Confirms Failure to Comply with Democrats’ Mandate Can Lead to 5 Years in Jail

Friday, November 06, 2009

Key excerpts from the JCT letter appear below:

“H.R. 3962 provides that an individual (or a husband and wife in the case of a joint return) who does not, at any time during the taxable year, maintain acceptable health insurance coverage for himself or herself and each of his or her qualifying children is subject to an additional tax.” [page 1]

                                                         - - - - - - - - - -                                                   

“If the government determines that the taxpayer’s unpaid tax liability results from willful behavior, the following penalties could apply…” [page 2]

                                                         - - - - - - - - - -    
                                                

“Criminal penalties

Prosecution is authorized under the Code for a variety of offenses.  Depending on the level of the noncompliance, the following penalties could apply to an individual:

• Section 7203 – misdemeanor willful failure to pay is punishable by a fine of up to $25,000 and/or imprisonment of up to one year.

• Section 7201 – felony willful evasion is punishable by a fine of up to $250,000 and/or imprisonment of up to five years.” [page 3]

http://republicans.waysandmeans.house.gov/News/DocumentSingle.aspx?DocumentID=153583

The Constitution in no way gives them the authority to do anything even close to this, but they could care less.  And as long as their are enough idiots in America that are able to pull the lever for these lunatics on election day they will do as they please.  But let me guarantee you one thing.  Our standard of living will drop like a stone and our freedoms will be nothing but a distant memory.  This is not theory; it is already happening now.

Now let's deal with the incredibly stupid republicans.  With the bill as written by the democrats it could not pass even though they had an overwhelming majority.  There was an internal fight among the democrats about certain areas of the bill.  In particular, many democrats would not vote for it if it contained federal funding for abortion.  So it would have simply died in the House.

If they had a lick of sense the republicans from the very start would have made it clear the Constitution in no way authorizes them to force Americans to buy health insurance and offered no amendments or participation in the Marxist action whatsoever.  

But no, here come the dummies to the rescue!  They push an amendment to ensure there is not any federal funding for abortion and this then allows enough democrats to vote for it to put it over the top by a super slim margin.  It was so close that if 3 representatives had voted "No" instead of "Yes" then the bill would not have passed.

Now I'm against abortion on demand and I'm certainly against federal funding for abortion.  But that is not the point.  By making this change the republicans gave cover to enough democrats on the issue to vote for the bill.  As long as it is alive it is a threat to our nation.

The republicans had a chance to kill it by staying away from it, but they were simply not smart enough to do that.  So now it is up to the Senate.  Are the republicans there any smarter than they are in the House?  Don't bet the farm on it.

Folks I can't stress enough what a disaster this thing will be for Americans if it becomes law.  You will be forced to pay a large percentage of your income for health care that will be greatly diminished from what it is now.  This may be the price we all have to pay for stupidity.  Can we afford it?  No.  The final outcome will be ugly.

J. Cogburn

No Cash for Suckers Program Update

The government called it the "Cash for Clunkers" program.

I called it the "No Cash for Suckers" program in a previous commentary because of the following:

    a.  Dealers were not being reimbursed for the sales through the program after months of waiting despite being promised they would be paid in 15 days (another example of government efficiency), and

    b.  I predicted the cost per vehicle would be astronomical because sales would drop off after the program ended thereby leaving only a small increase in the total number of sales at a cost of another 3 billion dollars of debt for the taxpayers in America.

Now the evidence is in and this is exactly what happened.  Edmunds estimates it cost taxpayers about $24,000 per car... and this doesn't count the destruction of many perfectly fine used cars, lost time through massive paperwork, etc.

So the average price of these cars purchased was probably around $20,000 or less, but through the efficiency of government which they desperately want to demonstrate through a government run health care system, the taxpayers now owe $24,000 and the consumer owes $20,000 and the person who wants to buy a used car gets to pay a higher price too because those assets were destroyed under this brilliant government program.  What a deal!

They should have implemented my "Hay for Homes" program too since they liked this program so much.  See the details at:  Hay for Homes Program

Edmunds article: 

J. Cogburn

Idiots are Amusing but Expensive

Idiots are amusing, but they can also be expensive when they are in control of government.  They are extremely expensive to your liberty and to your pocketbook.

They want to control what you eat..... how you heat and cool your house.... what car you drive.... and of course the ultimate control they want is to control your health care.  That way you have no real say in anything.  You see, they know what's best for you and are certain you are too dumb to take care of yourself and your family.

These people are arch enemies of freedom and capitalism.  If you don't believe it, just look at what is happening to this country now.  We are moving farther and farther from freedom and prosperity into absolute insanity and tyranny.  If this Airhead Obama gets his way on everything he wants a 10% unemployment rate will look like boom times in the future.

As an example, here is a guy in England who is just as nutty as the liberals here in the US.  Let's see what he says, shall we?

"Lord Stern, the author of the influential 2006 Stern Review on the cost of tackling global warming, said that a successful deal at the Climate Change Conference in Copenhagen in December would lead to soaring costs for meat and other foods that generate large quantities of greenhouse gases."

Also notice how the pea brains of these idiots always work the same.... they are always wanting to "redistribute the wealth" by force of government.  In other words, they know what's best for this planet and human kind.  So what if you worked out some money through hard work and ingenuity.  They think the world's poor should have it and by God they will take it from you if you keep voting these lunatics into power.

"Lord Stern, a former chief economist of the World Bank and now I. G. Patel Professor of Economics at the London School of Economics, warned that British taxpayers would need to contribute about £3 billion a year by 2015 to help poor countries to cope with the inevitable impact of climate change."

You may have seen Obama's similar plan regarding energy costs.  He said:

Jul 4, 2009 ... Barack Obama: "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket."

See the Airhead in his own words if you can stomach it:

http://www.youtube.com/watch?v=HlTxGHn4sH4

You think the economy is rough now?  Let them pass government health care, cap and trade, and all this other horse manure they've loaded up to steal your prosperity and your liberty.... then you will really find out how that elections have consequences.

See the rest of this article quoting the British idiot at:

http://www.timesonline.co.uk/tol/news/environment/article6891362.ece

J. Cogburn