Stock Market and Political Commentary

The Plan In Action

Did you know there are millions of people who have a plan for your life?

Well they do, and they are called liberals.  Now let's see how their plans actually work.

First, they drum up phony fears about generating electricity through nuclear power.  Next, they fight all efforts to get our own energy through drilling off shore, drilling on shore, drilling in Alaska, etc.  Instead they talk about putting up windmills that are ugly, expensive, and produce zero power when the wind is not blowing.

Then presto!  It is finally time for them to begin controlling your life directly.  

California appears poised to be first to ban power-guzzling big-screen TVs

But don't worry because it is for a good cause.  In exchange for giving up your freedom to watch the type of TV that you want you get the following:

"The payoff could be big for TV owners, said Ken Rider, a commission staff engineer. Average first-year savings from reduced electricity use would be an estimated $30 per set and $912 million statewide, he said."

Yes that's right..... you get to save $30 a year.   What a deal!

This is just another example of how liberals know much more about how you should live your life than you do.  Imagine, if left to your own devices you would be watching one of these big screen high definition TV's that are really nice to watch, especially for sports and nature programs, and wasting $30 per year.  

Fortunately the liberals are going to put a stop to all this wasteful spending... and believe me,  they know about wasteful spending.  Next stop on the complete government control tour;  health care.

http://www.latimes.com/business/la-fi-bigtvs14-2009oct14,0,4908205.story

J. Cogburn

Woman Shocks Arab TV Audience

This came to me by email and is a must see video.  This woman tells these radical muslims how it is and even though they protest she does not back down one inch.

"It is extremely surprising that the Arab financed TV station in Dubai would allow this to air. Be sure and watch this, it is so powerful I have no doubt  she now has very large price on her head. I also have no  doubt  it won't be on the net very long. She is one impressive woman."

"Here is a powerful and amazing  statement on Al Jazeera television. The woman is Wafa Sultan, an Arab-American psychologist from Los Angeles. "

See Video

RWG

Ayers - Just a Guy in the Neighborhood?

Poor Barack.  He's had all these close friends and associates over the many years that he simply can't acknowledge for now, but if elected may reward with influence and positions in his administration.

Take the "washed up terrorist" Bill Ayers for example.  When asked about him earlier in the year Obama said he was "just a guy who lives in my neighborhood".  But now we find out he's been closely allied with this guy for many years in many different ways.

"A blogger unearthed the Dec. 21, 1997, endorsement in the Chicago Tribune and posted photographs of the praise for Ayers' book on Zombietime.com Saturday."

"Featured next to a smiling photograph of himself, then-State Senator Obama called Ayers' book, "A Kind and Just Parent: Children of the Juvenile Court," a "searing and timely account of the juvenile court system, and the courageous individuals who rescue hope from despair."

An adherent of Islam is known as a Muslim. So of course liberals bristle at the mere suggestion that Obama has anything to do with Muslims even though his father was a Muslim, his step father was a Muslim, and his name is Barack Hussein.

"Our neighbors include Muhammad Ali, former mayor Eugene Sawyer, poets Gwendolyn Brooks and Elizabeth Alexander, and writer Barack Obama. Minister Louis Farrakhan lives a block from our home and adds, we think, a unique dimension to the idea of 'safe neighborhood watch': the Fruit of Islam, his security force, has an eye on things twenty-four-hours a day."

Knowing Obama is a solid Christian who was mentored by Reverend Wright for 20 years makes me feel much better about this whole question about his faith, beliefs, and intentions if he becomes President.  Yes, just unfounded attacks when the man's background is examined, don't you think?

And now, let's get back to more important things such as a lifetime investigation of Joe the Plumber. 

http://elections.foxnews.com/2008/10/20/obama-praised-searing-timely-book-ayers/

RWG 

Is Obama Ethical and Honest?

My son writes...

As the article points out, it takes less than 24 hours to find out and publish embarrassing information about a private citizen, but there is no mention of Obama ethics violations while he was a state senator in the 18 months he's been running.

http://newsbusters.org/blogs/john-stephenson/2008/10/19/obama-broke-ethics-law-state-senator-will-media-ignore

Also, I haven't heard the questions asked about his student loans. He and Michelle claim they were paid off just a little while ago, but they were not listed on any of the required disclosure forms since 2000.

My response....

You are forgetting one thing.... rules and laws don't apply to democrats, especially when it comes to ethics. 

As to the student loans, here again something smells fishy and looks phony.  Obama and his wife said the toughest time in their life was when they had to actually make sacrifices to pay off their student loans..... real Grapes of Wrath stuff here.  But apparently their financial disclosures didn't reflect that they ever had any student loans.

But the mainstream media has little interest in these sorts of things; they are too busy trying to destroy the most popular Governor in America, Sarah Palin, and the average working guy just trying to make a living, Joe the Plumber.  Some things are just more important than others you know.

RWG 

Newspaper Subscriptions Declining

A friend writes......   I agree and I could have sent her a reply tearing apart everything she said (including the disjointed english she used) but I think my time was wasted even answering what I did because I think it was an auto-response to spew more of her propaganda at anyone who emails her. It is horrifying that this hateful screwball has a regular column in the News Sentinel, which, by the way, I told to cancel my subscription. Serena and I have decided we will not spend our money with anyone that is behind this crap. This means publishers, movie producers, actors, musicians, etc. They are making propaganda war on our kind and we refuse to give financial aid to our own destruction. By the way, you notice she admitted that Obama wants "redistribution of wealth" even though his spinners are running away from it as fast as their scaly little legs will carry them. Since this is a response from a liberal columnist, I think it is fair game to quote her on your blog.   My response....   I didn't even know who she was as I seldom read the local paper.  We do get it because my wife likes to read it though. But I agree with you completely on this and so do a lot of others I think. That is one reason why newspaper subscriptions are falling even though the population is expanding. Of course the internet is also changing the landscape as well.  I also will be watching less news programs on TV if Obama is elected since there is only so much one can take of listening to a guy like this. You make a great point about how leftists are afraid to stand behind what they really believe when campaigning. After he was caught on film with "Joe the Plumber" talking about sharing the wealth with those below he knows the working people won't buy it so he is trying to nuance or obfuscate the issue in someway to hide the truth about he intends to do if elected to office. If you really want to know what his intentions are for the US taxpayer, check out the Global Poverty Act bill Obama sponsored. http://stocks-politics.typepad.com/stock_market_and_politica/2008/10/obamas-big-tax.html The reason is that the way he wants to share it with those below is to forcibly take it from those who produce through taxation and give it to those who don't without preconditions.  It's called socialism.  There are legitimate ways to share the wealth with those below us that work very well: Those with wealth exchange it for labor from those without wealth thus creating jobs which benefits all concerned. Those with wealth freely give it to charitable causes of their own choosing.  Religious and private charitable foundations have been shown to be much more effective at using each dollar to help those in need than government programs. This is called freedom and capitalism, a concept with which those like Obama are either not familiar with or simply reject for idealogical or political reasons. Guys like Obama only want to "spread the wealth" through government welfare programs.  But they have precious little interest in doing it with their own money.

http://stocks-politics.typepad.com/stock_market_and_politica/2008/10/did-obama-give.html

RWG

Do We Need More Voters?

Every day on TV, radio, and major newspapers we hear the liberals and the misguided conservatives tell you what a tradgedy it is that we have about half the population that doesn't vote in Presidential elections.  This is another example of convential wisdom which is just plain wrong.

Dragging drunks, drug addicts, welfare cases, the mentally ill, illegals, and even the dead through voter fraud is not a good thing for America. These people almost always vote for the democrat because they believe they will use the power of government to take money away from those who produce and give it to those who do not produce.  This is a way of stealing your vote by cancelling your vote.

My plan would be to reduce the voter pool to those who are pulling the wagon so to speak in this country.  Without this there comes a tipping point where those who are receiving checks from the government outnumber those who don't and simply vote for more and more taxpayer money for themselves.

Because of this our federal government and many of our state governments are now basically bankrupt; California is not alone.  But the federal government can just print more money for a while, so the gig goes on until one day inflation spirals out of control and the currency collapses along with the economy.

So here is my 3 point plan to ensure the people who vote are informed and have earned the right to shape this nation's future by the fact they are taxpayers, not tax takers.

1. To prevent or at least greatly reduce voter fraud, those who want to vote in the fall would have to register months in advance and there would be checks and double checks to make sure the registration is valid.  Registering this far in advance shows you are serious about voting and will likely study the issues and the candidates and cast an informed vote come election day.  This drive-by voting nonsense is something the democrats dreamed up as another way to facilitate voter fraud.

2. Potential voters must demonstrate a basic knowledge of our Constitution and capitalist system by one of the following:

• successfully passing a test, or
• provide proof of empoyment, or
• provide proof of property ownership, or
• be an active or retired member of the military.

3. Anyone receiving government assistance (on the dole, living off the taxpayers ) would not be eligible to vote in the upcoming election until they were off the dole and met the requirements in items 1 and 2 above at registration time. 

So forget the idea that everyone in this society should vote - it's insane!  Uninformed voters should stay at home or on the street or wherever they hang out.

Let's reduce the number of voters to only those who care enough to register early and provide proof they are contributing to society and should therefore have a say in who will be in charge of the government and our future.

With this plan you would see a world of difference in how carefully the politicians listen to the working people in this country.

J. Cogburn

Where Is the Stock Market Headed Now?

A friend writes....

When is the shoe going to drop? This is scary times. This talking head on TV was talking about short sellers as I watched the Market drop. But later on the Market started going up, not enough short sellers I guess. LOL. The Dow went from a Plus to a Minus to a Plus. Let's hope it stays plus for the remainder of the week. Our dollar is losing against the US dollar and people are worried about traveling because trips are costing more. On the other hand the British Columbia travel bureaus are rejoicing about the Cdn. dollar being low(US tourist). There is always someone who benefits from every type of market.
  So, where are we going?

My response.....

Check out my recent posts under the "Stock Market" category to see where I think the market is headed now.... great thing about the blog, you can see all the posts in light of history to see how things worked out compared to my thinking at the time.

They used to blame automated trading programs a few years ago for market corrections.  Sometimes it is the "evil short sellers" or "greedy speculators" to blame.  But rest assured, the talking heads will blame somebody.

Yes the US dollar actually has done OK recently due to the fact that many of the other currencies and economies around the world are worse off than ours.  But keep in mind that in real terms our economy is not that bad.  The reason is that unemployment is still just 6.1% and we have not had a single quarter of negative growth in GDP.  That may change soon as I believe the economy is getting weaker at this time.

Regarding  short sellers, when proper safeguards are in place, such as the uptick rule and perhaps other rules are needed in light of electronic trading, then short selling actually helps to provide liquidity and stability to the marketplace.  However, strict rules do need to be in place to ensure that those individuals or institutions with large sums of cash cannot simply drive a stock down to zero and a company out of business through manipulation.

No doubt that someone always benefits from varying market and economic conditions.  But sometimes, such as in a real economic depression, a large part of the population does not do well.  What we want is policies that promote capitalism, freedom, and a just legal system.  That is what provides the most prosperity to the most people.

When tax burdens get too high fewer people will either want to or be able to start a business that will not only provide goods and services to others, but will also provide employment to those who need it. Corruption in businesses and in courts kills businesses too.  When the corruption level gets too high the economy of that country will suffer for sure.

And situations feed on themselves.  So for instance if the population is relatively wealthy and is in an environment where they have freedom to start businesses and can make a profit without excessive taxation then lots of businesses will be created and prosperity will continue.

But when a population finds itself with little capital (they are all poor) and little incentive or opportunity to create wealth through innovations and businesses then the population is likely to stay in the condition they are in until something big changes.... and that could be a long time if ever.

That's why those who are always trying to destroy the "rich" are trying to destroy those who have the capital to provide jobs and a middle class lifestyle for others.  If I'm rich, but you want to punish me with excessive taxes for creating a successful business, then I'm less likely to do so.  Some people don't get this.

In Barack Obama's world, you are "rich" if you run a small business and are making over $250,000 per year (LOL).  You must be punished. 

RWG

Notice How They Work

Written on 09/09/08

On an MSNBC news story we have the following headline:

Palin bills state for nights at home, kids’ travel

Officials defend reimbursements, but trips with children raise questions

The ominous sounding story begins..... 

"ANCHORAGE - Alaska Gov. Sarah Palin has billed taxpayers for 312 nights spent in her own home during her first 19 months in office, charging a "per diem" allowance intended to cover meals and incidental expenses while traveling on state business."

"The governor also has charged the state for travel expenses to take her children on official out-of-town missions. And her husband, Todd, has billed the state for expenses and a daily allowance for trips he makes on official business for his wife."

Based on this you are just sure she is a crook, especially since the headline says this "raises questions". But for those who are willing to keep reading the long story, toward the end  you see the following:

 

"Gov. Palin has spent far less on her personal travel than her predecessor: $93,000 on airfare in 2007, compared with $463,000 spent the year before by her predecessor, Frank Murkowski. He traveled often in an executive jet that Palin called an extravagance during her campaign. She sold it after she was sworn into office."

 

Also notice the story they haven't done.  Senator Joe Biden and the democrats brag about how he takes the Amtrak train to and from DC each day.  Well I'm sure this is very expensive and the taxpayers are picking up the tab.  And I'm quite sure the Senator has submitted many other expense reports this year as well.

 

But to date I have not seen a detailed audit of Biden's travel and per diem expenses story like they just did with Governor Palin even though he was selected as a VP candidate a week before she was.

I wonder why that is?

 

RWG

Americans Line Up for Jobs Illegals Were Doing

Written on 09/06/08

Another mainstream media lie.... Americans won't do the jobs illegals do they say.

It is also another example of how they lie by only telling you a half truth.  If you keep up with these things you see it all the time.

For example, with Obama the major media outlets will quote him as saying "I am against reparations".

The problem is they leave out the last part of the statement.  What he says in full is, "I am against reparations because they don't go far enough".

Quite a difference in position between the two reports; one is a half truth that misleads the public about his position and that is the one that outlets like NBC, CBS, New York Times, etc choose to report in an effort to mislead the public and hide the liberal agenda of a guy like this so he can be elected.

This is not an isolated case by any means.... happens all the time.  But the unfair media attack on Palin and her family I think will have a negative impact on their circulation and viewer numbers because good people are sick of their distortions and lies.

People are becoming more aware than ever that these major media outlets are in the tank for the democratic party instead of being an objective news service as they claim to be.  With other avenues of information it is not as easy to mislead the public as it used to be and that is why their circulation numbers are getting lower and lower.

If they want to take sides, simply say so by indicating who they are for and make it known they are a news commentary organization and advocate for a certain party... instead of portraying themselves as an unbiased news reporting organization.

http://newsbusters.org/blogs/tom-blumer/2008/09/06/jobs-americans-wont-do-meme-takes-another-hit-mississippi

RWG

O'Reilly Blows Segment One

Written on 09/05/08

A lot of screaming and shouting, but O'Reily allows Obama to look like a hawk even though he has openly talked about greatly reducing the defense budget, killing SDI, and crying uncle when the going gets tough in Iraq leaving an unbelievable mess that would come back to bite us.

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He should have asked him simply.... we have news clips where you say that you plan to cut 10s of millions from the defense budget.... do you stand by that or have you changed your mind?  In other words, do you in fact plan to reduce the defense budget?

Make him commit one way or the other.  If he says no, he makes the far left nut cases mad.  If he says yes, then he admits he wants to weaken the military.

If he says he would not cut the defense budget, then follow up with, would you push to increase the defense budget, and if so, do you have any specific goals in mind?

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He should have then asked him more specifically.... The military is building SDI to defend against incoming nuclear missiles that were launched at the US we have news clips where you say that you would like to scale back or kill this defensive system to protect us from an event that would make 9/11 look like a wonderful day.... so tell us Senator Obama, do you in fact want to scale back or eliminate the missile shield that is currently being developed?

Make him commit then follow up and make him look like the Carnival Barker he is, who has moved from the big tent to the big stage, if he once again tries to mask his real plans which he is on record saying in the recent past.

Play the tapes, then make him stand by his statements or reject them.
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Question 3:  Senator Obama, you voted against the surge for Iraq and said it would make things worse.  Knowing what you know now, would you change your vote....and why or why or why not?

Pin him down, yes or no.  There is no hypothetical here. Make him answer.  This then reveals whether he understands and admits he was wrong or not.

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We shall see how O'Reilly does on the other segments.... I'm hoping for improvement but we shall see.

RWG