Wednesday, November 7, 2012

California Voters Want to Increase Their Taxes

The residence of California voted that they wanted to increase their taxes. That is asinine. As you can see, legalizing marijuana was not a good idea. It clouds your mind. Lesson learn.

(WSJ) SAN FRANCISCO—In approving a ballot measure sought by Gov. Jerry Brown to raise taxes for several years, Californians took a step toward improving the state's fiscal situation and avoiding education cuts.

According to the California Secretary of State's website, 53.9% of voters backed the measure, Proposition 30, while 46.1% voted against it, with all votes counted except for provisional and some mailed-in ballots.

The approval is a significant victory for Mr. Brown, a Democrat, who has staked his governorship on a campaign to raise taxes to ease the effects of the state's budget crunch.

"Last night, Californians made the courageous ..

Obama Wins & The DOW Tanks 300 Points The Next Day

Just like in 2008, the market reacted negatively when Obama won. Today, the market tanked 300 points the day after the election. Here we go again! Another 4 more years of bullshit recovery!

(CNBC)Investors cast their own vote on the presidential race Wednesday, and the result was a landslide rout that could have lasting repercussions beyond Tuesday's results.

The market plunge was on pace for the fifth-worst day-after-election drop since 1900. The worst, a 5 percent slide, came in 2008, after voters awarded Obama his first term in office, according to Bespoke Investment Group.

How far and how long the downward momentum will last is uncertain, but the early signs aren't good. Immediate post-election declines have historically preceded another 1.7 percent drop in the market by the end of the year.

Heading into 2013, Obama faces a historical trend that indicates the first year of a presidential cycle also is not usually positive for the market.

The average market gain for the post-election year is just 1.7 percent, with negative results 24 times against 20 positives.

"The stock market will suffer over the 12-month period, which always happens the year after an election," said Len Tannanbaum, CEO of Fifth Street Finance in New York.

Theories abounded on why the market tumbled. They ranged from worries over the "fiscal cliff" of tax increases and spending cuts, as well as troubles in Europe, a slowdown in the U.S. and questions over the efficiency and effects of Federal Reserve policy.

Monday, November 5, 2012


For those who forgot our past, the media put Carter and Reagan in a virtual tie with Carter surging in the final weeks of election day. During that time, Carter gave us a horrid economy (stagflation), the Iranian Hostage ordeal, and rationing of gasoline. The outcome was an embarrassment for the media. It was a Reagan landslide victory. You can bet your bottom dollar that we will see the same thing on election day. The media will be stunned that Obama will lose by a landslide to Romney. As the saying goes, "History always repeats itself."

(FOXNEWS) I'm doubling down. Mitt Romney will win the presidency, and it won’t be close.

I’m predicting a 5 to 7 point popular vote victory. Electorally it won’t even be that close. Romney will win many states that went to Obama in 2008. I’m predicting Romney victories in Ohio, Florida, Colorado, Virginia, Iowa, Wisconsin, New Hampshire, North Carolina, and Indiana. I predict a Romney victory by 100 to 120 electoral votes.

There are several specific reasons I predict a comfortable Romney victory on election day:

The news media is ignoring signs of mass revulsion towards President Obama. In the West Virginia Democrat primary, a felon got 40% of the vote versus Obama. In deep blue Massachusetts and Connecticut, GOP Senate candidates are even, or leading in recent polls. In pro-union Wisconsin, Walker won by a country mile. But worst of all for Mr. Obama, several recent polls show Romney competitive in Illinois -- Obama’s home state. Romney is actually winning by a landslide in the suburbs of Obama’s Chicago. Even in Cook County, the country’s biggest Democratic stronghold, Romney leads by double digits among independents (43-31) and white voters (53-40). These are very bad signs for Obama.

After the 2010 census, electoral votes were added to states that lean Republican in elections: Texas, Florida, Arizona, Nevada, Georgia, South Carolina, and Utah. Deep blue Democrat states like New York, New Jersey, Illinois, Michigan, Minnesota, and Massachusetts lost electoral votes.

The “Enthusiasm Factor” for Romney is huge. Conservatives are focused, intense, motivated, and enthusiastic. Democrats turned out for Obama in record numbers in 2008. Today they are demoralized. A big edge goes to Romney on Election Day as conservatives, white voters, middle class voters and independents turn out in record numbers for Romney.

Finally, history proves that a majority of undecided voters break for the challenger. Romney will take most of the undecided voters on election day -- just like Reagan did versus Jimmy Carter in 1980. Romney’s fantastic debate performance gave them confidence to choose the challenger.

Sunday, November 4, 2012

Vote for Revenge or Love of Country. Obama is a Thug

This shows how Obama is a petty thug. Our president uses fear and enjoys belittling his opponent because Obama can not run on his record. Obama's record in his 1st term is crap. Obama is a petulant fool who should never been our 44th president.

(WashingtonExaminer).....“Now, throughout this campaign President Obama has tried to convince you that these last four years have been a success,” Romney said.

“There it is — that’s it,” Stevens whispered.

“He wants to take all the things he did in his first term — the stimulus, the borrowing, ‘Obamacare,’ all the rest — and then try them all over again,” Romney said.

The crowd booed.

“But our big dreams will not be satisfied with the small agenda that’s already failed us,” Romney continued. “And today — did you see what President Obama said today? He asked his supporters to vote for revenge — for revenge.”

The audience seemed genuinely stunned, taking in its collective breath.

“Instead, I ask the American people to vote for love of country,” Romney said, drawing the longest and loudest applause of the night......

Friday, November 2, 2012

Unemployment Inches Up and Americans Still Broke

Unemployment inched up to 7.9%. No matter how the Obama Administration try to manipulate the jobs data, one thing is clear. The American income is steading in a decline. Americans are working less, and thus, getting paid less. This is not the hope and change I was looking for.

(Newsbusters) One of the negative features of the current economic recovery has been declining incomes of average Americans.

This trend continued in October.

The Labor Department reported Friday that despite 171,000 jobs being added to nonfarm payrolls in October, average hourly earnings for such employees edged down by 1 cent to $23.58.

Average hourly earnings of private-sector production and nonsupervisory employees also dropped by 1 cent to $19.79.

This continues a trend reported by the Census Bureau in August finding that since the recovery began in June 2009, median household incomes have fallen 4.8 percent adjusted for inflation.

Also of note, the manufacturing workweek edged down by 0.1 hour to 40.5 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls also edged down by 0.1 hour to 33.6 hours.

As such, despite the positive headline numbers in this report, this is by no means a strong jobs market this far into an economic recovery.