Archive | September, 2012

Forward…Durable Good Orders Drop 13.2%, US Tips Into Recession

27 Sep

Durable Goods Orders Cliff-Dive Most Since Jan 2009 But Initial Claims Beat

This drop is the largest since January 2009 when world trade had fallen off a cliff. It appears the seasonal-adjustments are the driver of the plunge as NSA is -7.2% (still very weak for August). We are sure there will be calls for the V-Shaped recovery from this but with a very different stimulus-environment around the world (i.e. jaded and soaked in much more debt), we suspect that will be less than forthcoming

August GDP revised downward (surprise) from 1.7% to 1.3%…

Obama leads in the polls…makes sense.
Zero Hedge

Now if we can only get the rest of Islam to stop coming…

26 Sep

Iran warns its citizens that Canada is a dangerous place

In the wake of the embassy closing, “Islamphobia and Iranphobia have not stopped in Canada, rather escalated over the past few days,” reported the semi-official news agency Irna, quoting from the Foreign Ministry travel warning.

It added Iranian expatriates has been arrested and expelled and deprived of basic rights, including banking transactions – apparently a reference to financial sanctions imposed by Canada and other governments on Iran over its controversial nuclear program.

Whatever works.

Ahmadinejad – doing the job Jason Kenny won’t…

Globe and Mail

Michelle Malkin – Doing the Job the Media Won’t…

26 Sep

Michelle Malkin has been accused of being many things, by many people – Juan Williams for instance

For someone who is “just a blogger” she manages to uncover more important, and substantive stories than “real reporters” – (like Juan Williams for instance….) – She’s blown open another one…

Who Is White House Visitor Hisham Altalib?

…why exactly did the Obama administration conduct domestic “faith-based” outreach with this Muslim Brotherhood figure in Virginia, who just happens to be 1) tied to bloody jihad and 2) a major contributor to the left-wing Center for Constitutional Rights, the group of jihadi-sympathizing lawyers who helped spring suspected Benghazi terror plotter Abu Sufian bin Qumu from Gitmo?

Altalib is an Iraqi-born Muslim identified by the FBI as a Muslim Brotherhood operative before he moved to America in the 1970s to earn an advanced electrical engineering degree from Purdue University in Indiana. By his own account, Altalib “soon became active in Islamic work in North America, which continues to this day.”

Huma Mahmood Abedin running Hillary’s  State Department, Altalib and Morsi in the White House, a US Consulate invaded and a dead Ambassador – just bumps in the road.

Malkin deserves a Pulitzer, but Pulitzer doesn’t deserve her…

Townhall

 

 

 

Romney is what is wrong with America ???

25 Sep

The Tax Foundation reports that the percentage of Americans who are net takers from the tax system is nearing 70 percent…

Makes 47% look like a pretty good number…

 Romney had an adjusted gross income of $13,696,951 in 2011 and paid $1.95 million in taxes, for a cool 14.1 percent.

14.1% Still not his “fair share”?…

The average effective federal tax rate for American taxpayers is 11%, according to an analysis of 2009 IRS data by the Tax Foundation, a non-profit research organization. For individuals with adjusted gross income of $50,000 or less, the average effective tax rate is less than 5%, according to the Tax Foundation.

So Romney pays nearly 50% more than the effective tax rate of the “average” American and 300% more than the “poorest” tax payer… and he has donated nearly $50 million dollars to charities over the past 20 yrs –

And Romney represents what is “wrong with America”?…
Weekly Standard, Atlantic, via Villainous Company

Obama Blames Bush for Stevens’ Death…

25 Sep

Obama to UN: It’s Not My Fault Stevens is Dead

Well, he didn’t actually name Bush, but everything else that happened on Obama’s watch is Bush’s fault, so ….

One of many gems from the Pussy in Chief at the UN…

“I do believe that it is the obligation of all leaders in all countries to speak out forcefully against violence and extremism,” Obama said, placing a filmmaker in the U.S. on equal footing with those who had attacked America. Obama also equated insulting Muhammad with denying the Holocaust:

The future must not belong to those who slander the prophet of Islam. But to be credible, those who condemn that slander must also condemn the hate we see in the images of Jesus Christ that are desecrated or churches that are destroyed, or the Holocaust that is denied.

Isn’t Obama eulogizing Stevens like Bill Clinton chairing a conference on Abuse of Women?

Breitbart

The Lure of Europe…

25 Sep

ESM Plans “Plain Vanilla”  Borrowing Strategy to Lure Investors

Investments will be divided into a short-term tranche geared to capital preservation over one year and a medium- to long-term tranche geared to capital preservation over three years. The longer-dated tranche could risk a maximum 2 percent loss over one year, the document said.

The fund will buy and sell securities “in a prudent manner” to maintain its creditworthiness and “limit any effects on market prices, even in situations of market stress.”

Yeah, this will work…After decades of wild borrowing and spending, the EU now plans to act in a prudent manner… as Zero Hedge remarks..

Lure is truly such a great word here. After all nobody will ever get their money back.

Zero Hedge

SUVs Cause Record Ice Cap Melt…oh wait…

24 Sep

NASA on Arctic sea ice record low – storm ‘wreaked havoc on the Arctic sea ice cover’

Global warming activists have been giddy in their hyping of the satellite era record low Arctic sea ice extent while ignoring the satellite record sea ice expansion in the Antarctic.

Many climate activists have sought to downplay the significance that the Arctic cyclone played on this year’s summer sea ice in the Arctic. But this new inconvenient video report from NASA now makes the warmists’ attempt to deny the cyclones role in 2012′s Arctic sea ice conditions — impossible.

Yeah but what about the warming Antarctic…

Antarctic sea ice set another record this past week, with the most amount of ice ever recorded on day 256 of the calendar year (September 12 of this leap year). Please, nobody tell the mainstream media or they might have to retract some stories and admit they are misrepresenting scientific data.

Surely the Arctic cyclone MUST me the result of increased CO2 emissions...

A few quotable quotes from the report (from Chapter 4):

  • “There is medium evidence and high agreement that long-term trends in normalized losses have not been attributed to natural or anthropogenic climate change”
  • “The statement about the absence of trends in impacts attributable to natural or anthropogenic climate change holds for tropical and extratropical storms and tornados”
  • “The absence of an attributable climate change signal in losses also holds for flood losses”

But Obama and his EPA still believe

Watts Up With That, Forbes, DC Caller…

Don’t we all just hit the mute button?

24 Sep

Every time Dear Leader (Peace be upon Him) speaks? Pelosi looks like she came Tussaud’s and Reid looks like one of the undead – but apparently in some respects they’re (somewhat) human

Pelosi, Reid Muted Obama Phone Call

…when Obama called then-Speaker Nancy Pelosi (D-Calif.) to discuss the bill, she put the president on speakerphone so that the group of Democratic lawmakers in her office could hear him, according to a report in The Washington Post. But when Obama began making an “uplifting speech” over the phone, Pelosi pressed the mute button.

Most of us just leave the room…

Townhall

Polling Data and Occam’s Razor Part Duex…

24 Sep

Romney 55%, Obama 44%

Various polls continue to show a virtual tie, or a slight edge to Obama.  Given the state of the economy, the Middle East and and the general incompetence of the Obama Administration in everything from Gay Marriage to Fast and Furious to Solyndra, any reported lead for Obama doesn’t make sense – even in battlegrounds.

Logically, Romney should be running away with this thing – and he probably is….

If the election were held today, would you vote for the ticket of Democratic candidates, President Barack Obama and Vice President Joe Biden, or the ticket of Republican candidates, former Massachusetts Governor Mitt Romney and Congressman Paul Ryan?

Romney/Ryan 55%
Obama/Biden 44%

Among Republicans, Democrats and Independents

ticket Republicans Democrats Independents
Romney/Ryan

94.6%

8.5%

56.7%

Obama/Biden

5.1%

89.4%

41.8%

But you’ll never hear this in the media… especially Romney’s  15pt lead with Independents…

Unskewed Polls

Thomas Mulcair – Collectivist Wildcatter

24 Sep

Angry Tom Mulcair, career socialist lawyer politician from Montreal knows what it takes to make Alberta’s oil industry successful… central planning…

The Canadian economy needs a better balance among manufacturing, the service sector and primary industries like oilsands mining and policies that encourage value-added jobs in all provinces, said Mulcair, noting that Ontario has lost 500,000 manufacturing jobs in recent years.

“What we are talking about is re-establishing the balanced economy that Canada had painstakingly built up since the Second World War,” said Mulcair. “We don’t think one has to be sacrificed for the other.”

Forget about market forces, supply and demand, and private risk – the NDP has a “plan to balance” the economy…

The New Democratic Party believes that social, economic and political progress in Canada can only be assured by the application of democratic socialist principles to government and the administration of public affairs.
The principles of democratic socialism can be defined briefly as follows: a) the production and distribution of goods and services shall be directed to meeting the social and individual needs of people and not for profit, b) the modification and control of the operations of monopolistic productive and distributive organizations through economic and social planning, towards these ends, and c) where necessary, the extension of the principle of social ownership.

Edmonton Journal

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