Archive for December, 2009
Caption: Joe Biden and Hillary Clinton
UK Guardian:Copenhagen climate summit in disarray after ‘Danish text’ leak
Developing countries react furiously to leaked draft agreement that would hand more power to rich nations, sideline the UN’s negotiating role and abandon the Kyoto protocol
The UN Copenhagen climate talks are in disarray today after developing countries reacted furiously to leaked documents that show world leaders will next week be asked to sign an agreement […]
Obama to Republicans: ‘Stop trying to frighten the American people’ (”Liberal Messiah” can’t take the heat anymore)
President Barack Obama told House Republican leaders to “stop trying to frighten the American people” even as he and Democrats said they see a possibility for bipartisan cooperation on job creation legislation.
Senate Majority Leader Harry Reid (D-Nev.) told reporters that Obama made the admonition during a bipartisan meeting at the White House on Wednesday, producing […]
While Millions of Americans Are Losing Thier Jobs, Federal Employees Earn 2% Pay Raise
Congressional appropriators agreed Tuesday night to give civilian federal employees a 2 percent pay increase — which includes a locality pay increase President Obama didn’t want.
Government workers will get a 1.5 percent nationwide increase in base pay and a 0.5 percent average increase in locality pay. The final agreement goes against the wishes of Obama, […]
Hillary Clinton’s pollster, Mark Penn’s firms got $6 million from stimulus for PR campaign (Liberals care for their own - 6 million dollars to save 3 jobs)
Nearly $6 million in stimulus money was paid to two firms run by Mark Penn, who was Hillary Rodham Clinton’s pollster in the 2008 presidential election. Federal records show that $5.97 million from the $787 billion stimulus helped preserve three jobs at Burson’Marsteller, the global public’relations and communications firm headed by Penn.
(Excerpt) Read more at […]
CopenhagenClimateChallenge.org:140 scientists challenge UN”s claim in an open letter (Global Warming establishment crumbles)
We the undersigned, being qualified in climate-related scientific disciplines, challenge the UNFCCC and supporters of the United Nations Climate Change Conference to produce convincing OBSERVATIONAL EVIDENCE for their claims of dangerous human-caused global warming and other changes in climate.
(Excerpt) Read more at copenhagenclimatechallenge.org …
Tiger Woods and Elin Nordegren Mulling Leaving the Country
Tiger Woods and his wife Elin Nordegren have avoided contact with the public by hiding out in their family home in a Florida gated community since news of Woods’ alleged affairs broke two weeks ago.
Now a source close to Nordegren’s family tells Pop Tarts that the two are considering putting even more distance between themselves […]
Senate Democrats strike deal to drop public option (Non Profit option instead)
After agreeing tentatively to jettison a key liberal priority — a full-blown government-run insurance option — Senate Democrats woke up Wednesday to find that the fragile coalition backing President Barack Obama’s health care bill is still together.A leading liberal — former Democratic Party Chairman Howard Dean — and a much-courted moderate — Connecticut independent Sen. […]
Rep. Conyers: President Obama told me to stop ‘demeaning’ him
President Barack Obama recently called Rep. John Conyers Jr. to express his frustrations with the Judiciary Committee chairman’s criticism.
In an interview with The Hill, Conyers said his opinions of Obama’s policies on healthcare reform and the war in Afghanistan have not sat well with the president.
According to the lawmaker, the president picked up the phone […]
Peace President:Obama to Accept Peace Prize as Additional 30,000 Troops Deploy
There is a bit of irony that just 10 days after announcing the deployment of 30,000 more American troops to Afghanistan, President Obama will accept the 2009 Nobel Peace Prize tomorrow in Oslo, Norway.
The award, which the Nobel committee said was for Obama’s “extraordinary efforts to strengthen international diplomacy and cooperation between peoples,” comes as […]
CBO:U.S. already $292 billionn deficit this fiscal year (Just for October and November 2009)
WASHINGTON, Dec 4 (Reuters) - The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday.
In October and November, the government spent $292 billion more than it took in, the nonpartisan Congressional Budget Office said.
[…]
FBI: Corruption threatens “soul and fabric” of the United States
BOCA RATON, Florida (Reuters) - Corruption, whether in the form of crooked officials, financial fraudsters or even philandering sports stars, is tearing at the fabric of U.S. society and is the country’s No. 1 criminal threat, a senior FBI agent said on Tuesday.
Addressing businessmen in Florida, where financial fraud cases jumped by 42 percent […]
OBAMA WANTED ‘NON-RELIGIOUS’ CHRISTMAS - Is Obama a Christian? You be the judge
President Obama and the First Family were planning a “non-religious Christmas,” according to Social Secretary Desiree Rogers. Ms. Rogers reportedly told a gathering of former social secretaries that the Obamas did not intend on putting the Nativity scene on display – a longtime East Room tradition.
The account was reported in the Fashion and Style section […]
So far, Obama Administration spent $246,436 to create one job (Liberals believe in “Give a man a fish” and not “Teach a man how to fish”)
The Obama Administration is touting that their stimulus program has saved or created 640,329 jobs since it was enacted back in February through the end of October. This number is updated and posted on the Administration’s recovery.gov web site. That amounts to $246,436 per job based on the $157.8bn that has been awarded so far! […]
GALLUP: OBAMA HITS NEW LOW AT 47% (”Liberal Messiah” hits new low ….more room down there)
Barack Obama’s presidential job approval rating is 47% in the latest Gallup Poll Daily tracking update, a new low for his administration to date. His approval rating has been below 50% for much of the time since mid-November, but briefly rose to 52% last week after he announced his new Afghanistan policy.
Read the whole story […]
Liberal Lunacy:Harry Reid Compares Opponents of Health Care Reform to Supporters of Slavery
Senate Majority Leader Harry Reid took his GOP-blasting rhetoric to a new level Monday, comparing Republicans who oppose health care reform to lawmakers who clung to the institution of slavery more than a century ago.
The Nevada Democrat, in a sweeping set of accusations on the Senate floor, also compared health care foes to those who […]
Secret Service admits at least 91 breaches
The uninvited couple that sneaked into an exclusive state dinner at the White House joins a lengthy list of similar security lapses, according to a 2003 Secret Service report revealed Monday in the Washington Post.
Read full story at Yahoo News
80% Chance Of A Market Crash In The Next Year
The following is an excerpt from fund manager John Hussman’s weekly letter. You can read the whole thing here.
I noted last week that from a Bayesian perspective, I would estimate a probability of nearly 80% that we will observe a second round of credit losses coupled with a market plunge in the coming year […]
Many Mutual Funds Are Up 50% in ‘09 — But Beware
It’s been a great year for many mutual fund investors. Standard & Poor’s Equity Research reports that 165 equity mutual funds are up at least 47% through Oct. 31, or at least double the return of the S&P 500.
Read more at Times Magazine
Deflationary Economic Depression 2010, Ready Or Not Here It Comes!
Much has been written about the Great Depression and the present crisis. There is much that is similar and some that is not. The differences explain why events have unfolded differently. The similarities explain why the end will be the same.
Deflationary depressions occur after the collapse of large speculative bubbles. The collapse of the 1920s […]