Thursday, May 31, 2012

Obama Mistakenly Claims He Knows More Judaism than Islam


Obama got balls to boast something really ridiculous. (Sarcasm)Correction: Obama wanted to say he knows more about Islam than any other president and most of his friends in Chicago were Muslims. I can not believe Obama is desperate for votes.

(WeeklyStandard) President Obama met yesterday with "about 20 Conservative Jewish community leaders, thanking them for the work they do to improve communities around the country and discussed their shared commitment to rebuilding the U.S. economy," Haaretz reports.

In the meeting, Obama reportedly boasted about his knowledge of Judaism, telling the leaders that he thinks he knows more "about Judaism" than all past presidents. He said he gained this knowledge of Judaism from reading.

He then suggested that he should not be questioned about his commitment to the Jewish state because "all his friends in Chicago were Jewish - and at the beginning of his political career he was accused of being a puppet of the Israel lobby," Haaretz reports.

Democrat Leave Party for GOP because Democrats are Wrong


Another Democrat Congressman denounces the Democrat Party and want to change his affiliation to the GOP. It doesn't matter that the Democrat Congressman was politically motivated, but the reason for leaving was extremely damning. It shows that being a modern day Democrat is wrong!

(LA TIMES) Artur Davis, one of President Obama’s earliest supporters and a former co-chairman for his presidential campaign, announced Tuesday that he was leaving the Democratic Party for good.

In a post published Tuesday on his website, Davis was vague about his future political endeavors, but declared: “If I were to run, it would be as a Republican. And I am in the process of changing my voter registration from Alabama to Virginia, a development which likely does represent a closing of one chapter and perhaps the opening of another.”

Davis, who represented Alabama’s 7th Congressional District from 2003 to 2011, was notably the first member of Congress outside of Illinois to endorse then-Sen. Obama’s 2008 presidential bid. And it was Davis who seconded the official nomination of Obama at the 2008 Democratic National Convention.

Along with making hints at the future, Davis reflected on his experiences as a Democrat, and condemned the path he believes the party is taking.

Tuesday, May 22, 2012

Facebook CEO Sold His Shares to Make a Cool Billion


While investors got shafted, Mark Zuckerberg was able to sell his share to make a profit. Besides, if the CEO of Facebook sold a nice portion of Facebook stock, it doesn't show confidence about the company to the investor.

(Marketwatch) SAN FRANCISCO-- Facebook Inc. FB -8.90% Chief Executive Mark Zuckerberg has sold 30.2 million shares and director Peter Thiel has sold 16.8 million shares of the social-networking company, according to securities filings published late Tuesday. The sales confirm plans detailed in a prospectus before Friday's $16 billion IPO. Zuckerberg sold 30.2 million shares at a price of $37.58 for gross proceeds of $1.13 billion; Thiel sold 16.8 million shares for gross proceeds of $633 million. Facebook insiders had told prospective shareholders of their plans in an S-1 filing last week. Facebook FB -8.90% shares were down 0.8% after hours at $30.74

Facebook May End Up Like Netscape. Huh? Exactly!


The investors may bitch their way to get a refund, but it is already known that Facebook is a toxic stock. It is determined that Facebook revenues will be base on advertising and possible charging a fee to the user. Unlike Google, Facebook does not have a business model that will impress Wall Street. The uncertainty of Facebook is giving angst to the investors. There is concerns that Facebook may end up like Netscape. Huh? Exactly!!!

(Forbes) Facebook ended Tuesday, its third day of trading at $31 per share — $7 less than where it launched on Friday.

Clearly, investors don’t like Facebook, at least not at this particular price.

But what price would they prefer? Trip Chowdhry, managing director of Equity Research at Global Equities Research, thinks between $15 per share to $18 per share would be a fair valuation. Twenty dollars per share has been tossed about as well.

One theory is that Facebook’s stock will drop in the near term, maybe even by half as Chowdhry thinks it should — but eventually will claw its way back to $38 per share and then beyond.

That is what happened to Amazon when it went public.

Or possibly it will follow the path of a more recent tech offering, Groupon. It didn’t take long for investors to become disillusioned, although the company pleasantly surprised shareholders with its more recent earnings.

Or reaching even further back in tech stock history, there is Netscape’s dubious example. Facebook could follow the same model, Scherer, now managing partner of Salto Partners, says.

To Generate Revenue, Facebook Will Be Charging a Fee


The selloff in Facebook shares deepened on Tuesday, as investors are reminded that poking someone or liking a wall does not generate revenue. Besides, there are questions on the stock's valuation after Reuters reported that underwriters cut their revenue forecasts for the company before the IPO.

As of 11 am, the stock had lost 30 percent from an intraday high of $45 hit shortly after trading started on Friday. Currently, Facebook's shares hit a low of $30.98 on Tuesday, 8.9 percent below Monday's close, and a loss of 18 percent from their $38 IPO price.

So, what is Facebook option? It is possible and not to be ruled out that charging a nominal fee to the 900 million user base may help generate revenue. Thus, beware of July 15, 2012, Facebook Day.


(WeeklyWorldNEws) BREAKING - Facebook, soon to be a public company, has reportedly announced a bold new plan – charging users?

Mark Zuckerberg reportedly announced that there will be a host of new changes to Facebook after the company goes public.

WWN’s J.B. Smitts broke the story that Facebook was shutting down on July 15th, 2012. Maybe this helped Zuckerberg come up with his new plan?

Pressure from angry users has been too much and Facebook is looking at an alternative, something that will persuade Mark Zuckerberg to keep the site alive: his social media platform is going to start charging users!

According to sources outside the company, Facebook is planning a subscription-based service with monthly fees starting at $0.99 for a basic “friendship” which allows for the posting of text and just one profile picture. This fee will increase, depending on the number of friends you have, the messages posted and sent, and the pictures/videos/ games put on a user’s page. The monthly fee will be capped at $50.00 per month at the high-end.

Bottom line: the more you use Facebook, the more you will pay.

CIO, FLoyd Collins said – “people will get used to paying. It’s not so bad. What’s a few bucks a month?”

Investment bankers, including Goldman Sachs, who are bring the company public, learned that Mark Zuckerberg wanted to shutter the site, and are thrilled at the prospect of Facebook converting to a pay service.

July 15th, 2012 is Facebook Day. The site will either shut down, or start charging users for its service – according to sources close to people from Silicon Valley.

Monday, May 21, 2012

Facebook Stock May Keep Falling with No Bottom. SELL!!!!!


You can not blame the banks for underwriting the stock at their IPO price. You cannot blame the computer system at NASDAQ from malfunctioning. However, you can blame on a company who cannot explain how they will grow revenues. I won't be surprise if Facebook decided to charge a nominal fee to the 900 million user base to create revenue.

(CNBC) Call it the Friday Facebook Fiasco — or a more colorful alliterative of your choice. Regardless, the chaotic opening of the much-hyped social network's stock scared away investors on Monday—and may keep them away.

Talk also lingered over whether Facebook [FB 34.03 -4.2018 (-10.99%)] could monetize its 900-million-strong user base, as well as whether CEO Mark Zuckerberg really cared enough to make sure his shareholders are happy.

Overall, the twin worries of Facebook's pricing combined with the shaky mechanics of its trading to create a pungent air of uncertainty around the company.

As a result, Facebook opened Monday below its $38 Friday open and moved sharply lower through the day.

Now, the stock faces nothing but questions as a market love affair quickly turned to estrangement. Underwriters were left powerless to support the price because the stock opened well below the $38 breakeven level, and rumors swirled that lawsuits would be forthcoming from those who didn't get orders filled properly.

"All the buy-side institutions are shorting it. You can get a borrow on it and everyone's leaning all over it. There's no bottom," Rovelli says. "The next catalyst is going to be earnings, which is three months away. So there's no reason to jump in here. You're catching a falling knife."

In a previous CNBC.com interview, Rovelli had advised investors to stay away from the stock until the company had more visibility on how it would grow revenue.

Without more proof of growth capability, investors decided that perhaps the initial Facebook pricing range, with a low end of $28 a share, was more accurate than the final range.

Facebook Stock Falls 11% in Second Day of Trading


The stock for Facebook is an overblown hype. I feel sorry for the investor, who believed they could make money on a social network website. There are people who compare Facebook to Obama because the social network website and the president believe they are bigger than life. It is nice to see that the people still make the shots. The investor realize Facebook is a joke and an epic failure. Likewise, the American voter will say the same thing about the president in November.

(WSJ) NEW YORK—Facebook Inc. (FB -10.99%) shares skidded on their second day on the stock market to well below their offer price, leaving some investors who bought in the social network's public offering in the red and raising questions about whether the company and its lead banker, Morgan Stanley, MS -1.20% botched the deal.

The shares, which managed to stay a hair above $38 on their Friday debut with the help of Morgan Stanley, on Monday lost their footing, dropping to as low as $33 before closing down $4.20, or 11%, at $34.03. It wasn't clear what role if any Morgan Stanley was playing in the stock's trading on Monday.

Historically, the ideal first-day gain for an IPO is 10% to 15%, an amount seen as a way of compensating investors for the risk of buying into a new stock. Stocks that barely eke out a few percentage points or end the day flat with their offering price aren't considered successful debuts by buyers, and anything below the price can mean an instant loss.

At $34, Facebook would have a price/earnings ratio, a measure of how expensive or cheap a stock is, of about 57 times projected earnings for the next 12 months, according to FactSet research. That still is a much richer valuation than other tech companies, such as Google Inc., GOOG +2.28% at 14. Those ratios mean a Facebook share is more than four times as expensive as a share of Google.

The slump is likely to turn up the heat on Facebook to boost its performance by generating more revenue from its user base, which includes more than 900 million active users. The company's earnings fell 12% in the first quarter amid surging expenses.

Facebook Not Ready for Prime Time


Duh! Facebook CEO Mark Zuckerberg got knocked down from his pedestal. Can someone tell me the difference between Facebook and Myspace? Facebook is not a Google. Thus, get over it and take the lost.

(CNBC) Facebook shares [FB 34.06 -4.1718 (-10.91% ] sank on Monday without the full support of the company's underwriters, leaving some investors down 25 percent from where they were Friday afternoon.

Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures.

That may comfort companies considering a listing but does little for Facebook, whose lead underwriter Morgan Stanley had to step in and defend the $38 offering price on the open market.

Without that same level of defense, its shares fell $4.50 to $33.73 in the first 1-1/2 hours of trading. That represented a decline of 11.8 percent from Friday's close and 25 percent from the intra-day high of $45 a share.

The losses wiped some $19 billion off of the company's market capitalization—not far from what Chief Executive Mark Zuckerberg was worth personally when the stock debuted. Collectively, Facebook's owners and investors have suffered more than $11 billion in paper losses, with Zuckerberg alone losing $6.2 billion.

A Facebook spokeswoman declined to comment on the share price issue.

Friday, May 18, 2012

Associated Press Puts Obama as a Kenyan


Obama has nothing to say to denounce the allegation because everything about being Kenyan is true. It is time to charge Obama for breaking the oath of office, rescind every stupid law he passed, impeach him, and throw him in jail.

(Infowars) The AP reporter stated the following:

Kenyan-born US Senate hopeful, Barrack Obama, appeared set to take over the Illinois Senate seat after his main rival, Jack Ryan, dropped out of the race on Friday night amid a furor over lurid sex club allegations.

This report explains the context of the oft cited debate, between Obama and Keyes in the following Fall, in which Keyes faulted Obama for not being a “natural born citizen”, and in which Obama, by his quick retort, “So what? I am running for Illinois Senator, not the presidency”, self-admitted that he was not eligible for the office. Seeing that an AP reporter is too professional to submit a story which was not based on confirmed sources (ostensibly the Obama campaign in this case), the inference seems inescapable: Obama himself was putting out in 2004, that he was born in Kenya.

The difficulty in finding this gem of a story is hampered by Google, which is running flak for Obama: because if you search for “Kenyan-born US Senate” you wont find it, but if you search for the phrase without quotes you will find links which talk about it.

Thursday, May 17, 2012

What Happen to the Trayvon Martin Story


For the past 2 month, there has been a haunting silence of the Trayvon story. Why? Because the media got it wrong. It is the same reason why the media screwed up not knowing Obama is a Kenyan.

(RUSHLIMBAUGH) RUSH: Developments in the Trayvon Martin case, and you'd be hard-pressed to find these developments out there. There have been two dramatic developments in the Trayvon Martin shooting case. According to ABC News, George Zimmerman's family doctor saw him the morning after the shooting of Trayvon Martin. Here's what George Zimmerman's doctor found: A broken nose, two black eyes, bruises on his face and lip, two cuts on the back of his head, and a back injury.

The NBC affiliate in Florida is reporting that the medical director who performed the autopsy on Trayvon Martin found only two injuries on his body: the gunshot wound and broken skin on his knuckles. Welcome to the Duke lacrosse case all over again. Everything Zimmerman said about what happened to him turns out to be true after the media trying to cast him along with the civil rights coalitions of this country, the race-baiters, as abject lies.

Why did the media stop reporting? Well, was it when they found out that George Zimmerman is actually Hispanic and a Democrat to boot? Was it when Trayvon Martin's gangsta-like tweets surfaced along with the more recent photos of him with his gold teeth? Maybe the news media is just afraid of whipping up racial... no, they do like to whip up racial strife.

How about..Another detail that has come out in the local reports. Zimmerman's great-grandfather was black. That's exactly right. That has also surfaced. I wonder how long all of this stuff has been known by our friends in the Drive-By Media? George Zimmerman has more black in him than Elizabeth Warren has Indian. Exactly right. George Zimmerman's great-grandfather was black. Yeah, he's a black-white Hispanic.

6-Fold Increase in Americans 55 or Older Unemployed 6 Months or Longer


The "low" unemployment rate has an ugly side that we do not see. Many job seekers who quit looking for employment are grouped in a category called "long-term unemployment." Because many are unemployed over 6 months, people who are on long-term unemployment benefits are noticing their benefits decreased. Many are forced to work at a lower pay job. Also, it becomes difficult to create a nice nest egg. These are the effects of poor policies by our Kenyan president Barack Obama.

(CNSNews.com) – In the last four years, there was a 6-fold increase in the number of Americans over 55 who had been unemployed for 6 months or longer, a federal auditor told CNSNews.com.

With this increasing number of older workers experiencing long-term unemployment, concerns are growing about their retirement income.

"For 2007, the number of all older workers age 55 and older who were out of work for 27 weeks or more was 188,552; and then in 2011, it went to 1,126,948," Charles Jeszeck, the director of education, workforce, and income security at the Government Accountability Office (GAO), told CNSNews.com.

Long-term unemployment may also force older workers to file at an earlier age for Social Security benefits.

The GAO describes long-term unemployment as not having a job for more than 6 months (27 weeks or more).

"Older workers tend to be out of work longer than younger workers, threatening their retirement savings during a period of their lives when they have may have less opportunity to rebuild them," concluded Jeszeck. "Even when they are able to obtain reemployment, they often do so at lower wages, making it even more difficult to replenish the lost earnings and reduced retirement savings that they suffered."

TRUE AFRICAN-AMERICAN PRESIDENT. OBAMA IS FROM KENYA


OBAMA IS A TRUE AFRICAN-AMERICAN PRESIDENT. HE IS FROM KENYA


(BREITBART)
Note from Senior Management:
Andrew Breitbart was never a "Birther," and Breitbart News is a site that has never advocated the narrative of "Birtherism." In fact, Andrew believed, as we do, that President Barack Obama was born in Honolulu, Hawaii, on August 4, 1961.
Yet Andrew also believed that the complicit mainstream media had refused to examine President Obama's ideological past, or the carefully crafted persona he and his advisers had constructed for him.
It is for that reason that we launched "The Vetting," an ongoing series in which we explore the ideological background of President Obama (and other presidential candidates)--not to re-litigate 2008, but because ideas and actions have consequences.
It is also in that spirit that we discovered, and now present, the booklet described below--one that includes a marketing pitch for a forthcoming book by a then-young, otherwise unknown former president of the Harvard Law Review
It is evidence--not of the President's foreign origin, but that Barack Obama's public persona has perhaps been presented differently at different times.

Sunday, May 13, 2012

NEWS OF THE WEEK ENDING MAY 12, 2012


CA DOWN $16B... (LIBERAL GOVERNOR'S SPENDING WANTS CALIFORNIANS TO RAISE TAXES BECAUSE THE STATE IS GOING BANKRUPT)



UPDATE: 230,000 unemployed lost benefits over weekend... (PROBABLY NOW THE TRUE UNEMPLOYMENT RATE WILL CORRECTLY REFLECT OF THOSE UNEMPLOYED WORKERS WHO HAVE TO LOOK FOR WORK)


Obama pushes new billion-dollar stimulus plan... (SPENDING IS THE SOLUTION THAT THIS PRESIDENT ONLY KNOWS)


Stocks Worst Week of Year... * (NO MATTER HOW OBAMA AND THE MEDIA CLAIMS THAT THE ECONOMY IS IMPROVING REALITY COMES IN TO TELL US THE REAL TRUTH)


Obama's Own Doctor Slams ObamaCare as 'Failure'? * (OBAMA'S DOCTOR IS ONE VOICE OF MANY WHO SEES OBAMACARE AS A SCAM)


B A C K L A S H... POLL: ROMNEY 50% OBAMA 43%... * (JUST LIKE CARTER, OBAMA IS GOING TO GET A RUDE AWAKENING IN NOVEMBER


REPORT: Electric car sparked house fire... * (GREEN TECHNOLOGY IS NOT PERFECT. IN FACT, IT IS NOT READY FOR MASS US. THIS ELECTRIC CAR WAS FOREIGN MADE WITH A GM ELECTRIC ENGINE)


Postal Service loses $3.2b in first quarter... * (PRIVATE SECTOR HAS ALWAYS SHOWN TO BE MORE COST EFFECTIVE THAN A GOVERNMENT OWNED ENTITY)


EVOLUTION: OBAMA BACKS GAY MARRIAGE... * (BECAUSE OBAMA DOESN'T WANT TO ALIENATE GAYS DURING AN ELECTION YEAR, THE PRESIDENT WILL DO ANYTHING TO GET A MUCH VOTES HE CAN GET. IT IS CALLED DESPERATION)

Thursday, May 10, 2012

TSA is Inadequate to Detect New Type of Bomb


TSA should be disband. This double agent was able to pass detection from authorities and could have bombed a plane. TSA is a joke.

(NY POST) He could have breezed through security at any airport.

A terrorist wearing the latest underwear bomb would not have been caught by the TSA’s most conscientious human screeners or its highest-tech fullbody scanners, experts told The Post yesterday. But the country ducked a disaster by employing an age-old weapon: a double agent.

With the help of American allies in Saudi Arabia and Yemen, the secret agent inserted himself into the terrorists’ secret inner circle, and became so trusted, the thugs accepted his offer to board a US-bound plane wearing the bomb.
Instead, the agent turned it over to the United States.

But experts said that as far as future suicide bomb attempts are concerned, current technology is not good enough to find nonmetallic explosive devices like the newest underwear bomb — despite Homeland Security Secretary Janet Napolitano’s assurance that there was a “high likelihood’’ the bomber would have been stopped.

One top law-enforcement official insisted, “They would not have gotten him.’’

The only surefire way to detect nonmetallic explosive devices is using bomb-sniffing dogs, but that’s impractical at crowded airports.

There aren’t enough dogs to check every passenger at every security line.

Wednesday, May 9, 2012

Obama Lose 41 percent of W.Va. Primary to Federal Inmate


(CSMonitor) In an embarrassment to President Obama, Federal Inmate No. 11593-051 – otherwise known as Keith Judd – won 10 counties and 41 percent of the vote in West Virginia’s Democratic presidential primary Tuesday.

Mr. Judd is incarcerated at the Federal Correctional Institution in Texarkana, Texas, where he is serving a 210-month sentence for extortion, according to The Charleston Gazette. Judd had paid the $2,500 filing fee and submitted a notarized “certificate of announcement” to appear on the ballot.

Tuesday, May 8, 2012

Veteran GOP Senator Lugar Defeated in Indiana Primary


November will continue to purge moderates and liberals out of Washington. Republicans and Democrats should be scared. No one can hide from the will of the people.

(NBC) Updated at 8:20pm ET Republican foreign policy elder statesman Sen. Richard Lugar, 80, first elected to the Senate in 1976, was defeated in the Indiana primary Tuesday by state Treasurer Richard Mourdock, who was backed by conservatives ranging from the National Rifle Association to local Tea Party activists to the Washington-based fiscal conservative group the Club for Growth.

Mourdock appeared to be headed for a landslide victory.

Saturday, May 5, 2012

Unemployment is 8.1% but the Economy Still Sucks


Let us face the truth. Since 154,000 were created in March 2012, the 115,000 jobs created in April 2012 is pathetic. Thus, it marked a sharp decline from December through February, when the economy averaged 252,000 jobs per month. The truth is now told that people who aren't looking for jobs aren't counted as unemployed. Liberals are stressing that the baby boomers are the contributing factor of the workforce not seeking jobs, which is false. The truth is that the government is using fuzzy math, there are more people on food stamp under Obama, average household income has declined, there are more people in poverty, and foreclosure is still on the rise.

WASHINGTON, May 4 (Reuters) - U.S. employers cut back on hiring in April and the jobless rate fell as people gave up the hunt for work, a somber note on the economy that could hurt President Barack Obama's re-election chances.

Employers added just 115,000 workers to their payrolls last month, the Labor Department said on Friday.

It was the third straight month in which hiring slowed, keeping fears alive that the U.S. economy is losing momentum. It also dampens hopes that a stretch of strong winter hiring signaled a turning point for the recovery.

"It shows sluggish growth," said John Doyle, currency strategist at Tempus Consulting in Washington.