It's the Jobs Stupid

For years I wondered about the chatter about Inflation and Jobs not sure where the Market was focused.  Recently I realized that the Federal Reserve is like a a bunch of kids on a play ground trying to position the kids with the right weight to be on each end of the see-saw so they could balance it perfectly.

In this case, on one seat of the see-saw we have "Monetary Policy" (how to manage the amount of money in the system so we can avoid either Inflation or Deflation).  On the other seat we have Jobs and Stock Performance.  Although job creation is not a Fed responsibility somebody has to do something.

Our President seems to be at War with Business and does nothing to encourage business growth or Job creation.  Just look at what he's done to jobs in the Gulf Region.  Also, his Policies and Public Statements are so confusing that most businesses are reluctant to make any real Capital Investments.  Sure it seems like the Unemployment number is dropping but at the same time the number or folks "looking" for a job is growing and the majority of the growth is coming from utilizing existing Capital Infrastructure.  And at the same time, while we are trying to reduce spending he is starting or escalating foreign wars, attempting to add 159 new agencies with his Healthcare debacle and growing the Federal Government and our Future National Debt at a rate that is beyond comprehension.


http://www.cnbc.com/id/42377057

How was your week?

Think your week was tough, how about the poor President?

1. The House of Representatives assailed his Libyan Policy .  I'm still researching how Leading a Kinetic Action from behind is a Strategy.  Now  'kinetic' energy is that of a body which results from its motion.  The Dictionary doesn't qualify if that Motion needs to be towards or away from something.  But it is clear that it is equal to half the product of its mass and the square of its velocity - hope that clears that up for you!
2. The US is involved 'kinetically' in four wars, no make that about 6.  (Iraq, Afghanistan, Libya, Yemen, Terror, Economy.)  Tune in next week for new wars!
3. The GOP walked out of Biden's talks regarding the Debt Increase.  Rumor has it that Biden doesn't know that they left yet.  According to our Chief Economist, Oblamer, we can't just cut our way to prosperity - we have to keep increasing spending on non job creation efforts.  (Ignorance is doing the same thing over and over again and expecting different results.)
4. Unemployment was up (again) and new housing starts were down (again).  Guess Obama's bump in the road was more of a long incline.
5. The S&P has been DOWN for 7 of the last 8 weeks but Bernake is still talking about "headwinds".
6. Goldman Sachs has lowered their estimate for Economic Growth in the US and Growth in the Emerging Markets is slowing.
7. Meanwhile Europe is having their own Debt Crisis but fear not;
8. Michelle, the Princesses and their Entourage have gone to Africa for a Summer Vacation , I mean important peace building trip to Africa where Michelle is showing Bishop Tutu how to do push ups.
9. Obama is now taking lumps from Mr. Hillary and Alfa Gump.
10. And you thought you had a bad week!

Be Afraid, be Very Afraid!

The scariest thing in the world, is a "closed minded" Ideologue.  They just can't see that they've been doing the same thing over and over again and expecting different results.

Scarier yet is how many of these folks are in Obama's Administration.  They are determined to implement a Marxist Society here in the USA regardless of the consequences.



http://patriotupdate.com/8631/geithner-taxes-on-small-business-must-rise-so-government-doesnt-shrink

Obama's Economic Formulae

Phase 1

(Hi Taxes+Increased Regulations + Uncertain Economic Conditions)
= (Less Capital Spending+Hi Unemployment+Less Govt Revenue)
= Increased National Debt

Phase 2

(Higher Taxes+Increased Regulations + More Uncertain Economic Conditions)
= (Less Capital Spending+Higher Unemployment+Less Govt Revenue)
= Increased National Debt

Phase 3

(Higher Taxes+Increased Regulations + More Uncertain Economic Conditions)
= (Less Capital Spending+Higher Unemployment+Less Govt Revenue)
= Increased National Debt

Phase ....... Never Mind, you must get the picture by now!

http://www.cbo.gov/ftpdocs/122xx/doc12212/2011_06_22_summary.pdf

http://www.cnbc.com//id/43497278

The Muslim Terrorist Solution

This could be our biggest opportunity yet to turn the Middle East around.  As the women in Saudi Arabia seek to gain driving rights, millions of American Women should get some Head Scarves and have pictures taken of them driving that we can post on a couple of Web Sites showing how we support them.  We're getting nowhere with the men so this could be our opportunity.  Our women can post helpful hints under their pictures advising them how to "cut off" their men if they give them any flack for driving.  Once they get to drive we can then get them to go for the vote.  Once they're in power they won't want their kids to by Martyrs - PROBLEM SOLVED!

Meanwhile we can elect a Female President.  Maybe one from Minnesota and she can and Angela Merkel can share Margaret Thatcher and Golda Maier stories with them.

OK then, I suggest that the Ladies of the Huntley Area Tea Party take the Lead - as usual!

http://www.cnn.com/2011/WORLD/meast/06/17/saudi.women.drivers/index.html?eref=rss_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fcnn_topstories+%28RSS%3A+Top+Stories%29&utm_content=My+Yahoo

Fast and Furious, Shovel Ready, Dumb and Dumber

The attached article discusses the ill-fated Fast and Furious ATF Project that allowed Guns to be Purchased and just walk across the border.  At the same time we have the President making a joke that his key selling point for the Stimulus Bill "Shovel Ready" Probably wasn't Shovel Ready after all.  Time after time we have this administration Shooting before they take aim, launching projects before they have really done an implementation plan with potential risks.  Even in Obamacare we didn't find out until a month and a half after it was launched that they "Forgot" to include $115 Billion of Implementation Costs.  Had this been in the original proposal (which nobody read anyway) it would have been clear that it added to the Deficit and was not Deficit Neutral.

Is this:
a. Inexperience
b. Incompetence
c. Outright Deception

What do you think?

http://online.wsj.com/article/SB10001424052702304186404576387633640546672.html?mod=WSJ_myyahoo_module

Bachman Rising!

In the article listed below, Andrew McCarthy is discussion how impressed he is with Michlle Bachmann.  I had the same reaction watching the debate last night.  Other Candidates have experience but some like Newt and Mitt have baggage as well.

Dick Morris feels that we have two groups in the GOP Primary.  The traditional Republicans like Mitt, Newt and Santorom and even Pawlenty will compete to see who will face the Tea Party Favorite in the final days.  Bachmann showed us last night that Hermann Cain has a real tough competitor for the Tea Party Vote.  Bachman can cover multipe topics very well without a Teleprompter.  We need to keep a close tab on her and see how she develops.

http://www.nationalreview.com/corner/269550/re-bachmann-smart-media-dumb-andrew-c-mccarthy

He Thinks It's Funny

The President of Job Destruction made what he thought was a humorous comment in a meeting with HIS JOBS Council.  Speaking of his key mantra in selling the stimulus (We can start right away on "shovel ready" projects) he joked that he guesses they weren't shovel ready after all.  His administration then went on to take pride that they had distributed 70% of the money by the end of September.

So, the Operation was a success, it's just that the Patient is Dying.


http://www.foxnews.com/politics/2011/06/14/white-house-under-fire-for-shovel-ready-joke/

Obama says it is a Bump in the Road!

Obama of course has lots of experience as a Community Organizer so that makes him well qualified to ...... ah "walk the neighborhoods and get people riled up"????

Martin Feldsein on the other hand is one of the most respected Economists in the World.   His article (link below) portrays a litany of failures by the Obama administration and asserts that we are in a much bigger problem than "A BUMP IN THE ROAD"!


http://online.wsj.com/article/SB10001424052702303657404576363984173620692.html?mod=WSJ_hp_mostpop_read

Could Arizona ATF have Authorized the Sale to Cartels?

It appears that the Arizona ATF had a program to sell guns to suspicious characters so they could then trace them to specific Cartels.  Only problem was that they didn't have a means to do this tracing unless they found them after a shoot out.  It's really hard to believe that they did this without authorization from the DOJ.  Also, wouldn't it have been better to use all this manpower and brainpower to STOP Illegals from entering the US?

We'll learn more in the next few weeks as the Senate and House investigations proceed.

http://online.wsj.com/article/SB10001424052702304778304576373932406296842.html?mod=WSJ_myyahoo_module

Most Economic Indicators Fell Yesterday

Stocks - down 2%

10 Year Treasury Notes - sank to 2.96% lowest since last December

Mortgage Applications - fell by almost 4%

The Institute for Supply Management Index of Manufacturing - fell to 53.5 from 60.4

AND - Drumbeat please, Private Sector Jobs only added 38,000 jobs.

Meanwhile:

The Democrats still aren't offering any significant spending cuts and want to rise the debt ceiling so we can poor more flames on the fire.

They continue to add piles of new regulations, especially in Obama care.

Are still limiting drilling.

Food  prices are rising.

Gas at the Pump is at an all time high.

And they do nothing to protect our own borders while they give millions of dollars to the Arab/Muslim States.

I'm sure I have left some things out but I just can't read any more of this drivel. 

Here is the source article on CNBC.



http://www.cnbc.com/id/43238256