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Dow Nears Record… Yipee

January 28, 2013 by  

The Dow is nearing its record closing high of 14,164.53 set on Oct. 9, 2007. The recovery of President Barack Obama is well on its way.

Or maybe not. The psychopathic storytellers are claiming the housing market is improving. But in reality housing starts are still bumping along right where they’ve been since 2009.

Graph of New Homes Sold in the United States
(source: St. Louis Fed)

 

And despite (or because of) massive money printing, real gross domestic product (GDP) is lower than it’s ever been in history, as the chart below from the St. Louis Fed shows.


(Source: St. Louis Fed)

 

In truth, we are now in the midst of the worst recovery ever. The Fed’s money printing policies have propped up the market — as they were designed to do — but have not done anything to right the ship of economy. Or, as Tyler Durden of Zerohedge.com writes: “[I]t is only the worst recovery ever for anyone unlucky enough to still rely on such Old Normal concepts as the “economy” to feed, clothe and provide shelter for themselves. For those lucky 1% of the US population whose entire wealth is in financial assets (and who once again managed to avoid a tax hike on carried interest or any actual financial assets), times have almost never been so good.”

Remember, the stock market is not a marker to use to determine a strong economy. The current policies of QE to infinity and deficit spending continue to transfer wealth from the people to the 1 percent.

According to Shadowstats.com, using generally accepted accounting principles (GAAP), the 2012 consolidated financial statements of the U.S. government showed a $6.9 trillion deficit, up from $4.6 trillion in 2011. Total U.S. obligations — including unfunded liabilities like Social Security and Medicare — are about $88 trillion, or nearly six times the total GDP. Real unemployment remains above 14 percent.

Sales of gold and silver tell the real story of the recovery.

Bob Livingston

is an ultra-conservative American and author of The Bob Livingston Letter™, founded in 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • Warrior

    When ben prints money to buy “timmy-bonds”, is timmy obligated to pay ben back?

    • Chuck

      Could it the market is so high because the dollar is worth so much less that it takes more of them in todays money that less of them a few years ago would have been worth??

      • Sun Rising

        That and the fact what is being invested into the stock market originated from pure debt, not cash obtained from earnings.

        Once the debt flow stops, the money flow into the stock market will dry up.

        With congress members scoring the best returns from investments, it is no wonder why congress keeps the debt flow going!

        It is time to investigate each member of congress who have become instantaneously rich, as well as federal workers who my their “jobs” either know of this or have profited from it as well.

      • Robert Smith

        The economy may be in the tank for many of us but the top 1% are making a bundle on Wall Street.

        Guess Obama is doing it right for them.

        Rob

      • John Woodbury

        JFC, I had to read it twice, Rob the L.L agrees with an article in PLD, wow! Mark this date in History.

  • Sun Rising

    Truth is, our economy has been propped up by significant debt incurred by a corrupt federal government.

    Before 9/11/2001 when federal agencies began justifying massive increases in federal spending, the GDP was around $14.5 trillion. Since then, we added $11 trillion to the economy by injection of debt. Today the GDP is a scant $1 trillion higher – after the injection of $11 trillion of debt!

    What happened to the other $10 trillion? Moreover, what happened to the promiced prosperity this debt was supposed to create?

    The stock market is going up because federal contractors feels that they will get one more year of egregious federal spending coming their way.

    They feel, the American people have been defeated by the federal government. Just wait until reason hits DC.

    • Robert Smith

      And the only winners are the top 2%.

      Rob

      • Sun Rising

        When you consider the redistribution argument, both Bush and especially Obama have redistributed more money to the rich from not only the taxpayer alive but taxpayers yet to be born.

        All done through federal contracts. Especially defense contractors.

        Our debt is primarily being used to make people ultra rich and this needs to be investigated.

        Currently the federal workforce are being paid egregiously high paychecks to keep them quiet. Essentially their massive paychecks, benefits and perks are hush money. The entire government needs to be investigated and the guilty prosecuted!

      • Warrior

        Sun – If you can’t earn it, then you just steal it. “progressive” dreams from their “fathers”.

      • ? Chocopot

        Yes, you are correct. And that is why the rich are Obama’s biggest supporters, despite claims from usually delusional individuals like you who insist that the Republicans are the party of the rich and that the Democrats are the party of the working man. Nothing could be further from the truth. Take the time to check the records available on the Internet and you will find that the vast majority of Wall Street and big bank political contributions have been going to the Democrats for decades. Now why would that be if the Democrats are the party of the working man and those evil Republicans are the party of the evil rich?

      • deerinwater

        Chocopot says:

        ” Take the time to check the records available on the Internet and you will find that the vast majority of Wall Street and big bank political contributions have been going to the Democrats for decades.”

        I have done that research, and what I found is Wall Street hedges their bets but the bulk of their contributions goes to the GOP.

        “The biggest difference between this election and the race in 2008 is that Wall Street is now betting bigger on Republicans. During the last cycle, 57% of individuals from Wall Street gave to Democrats and President Obama. But this year, 60% of Wall Street’s contributions went to Republicans.”

        there is one example, I retrieve another;

        “Between his campaign committee and a monster super PAC supporting his candidacy, Romney has benefited from about 72% percent of the near $33 million Wall Street has contributed through February.

        The former Bain executive has received $7.3 million from industry-affiliated individuals and political action committees. That means securities and investment accounts for about 10 percent of the more than $74.8 million Romney has raised.

        The sheer amount of cash Wall Street has sent Romney represents an extremely lopsided giving pattern. No other presidential candidate, including President Barack Obama, comes close to tapping the motherlode of industry riches.

        The industry’s abandonment of Obama could hardly be more dramatic: Wall Street’s preferred candidate in the 2008 race with more than $6 million in industry campaign contributions at this point in the cycle, he has received less than $2.6 million from the industry so far this time around.”

        http://www.opensecrets.org/news/2012/03/wall-streets-huge-bet-on-romney.html

        Chocopot, consider yourself , blown out of the water.

      • Steve E

        The 2% or so are the winners because the stock market is propped up by money printing and giving that money to the banks to buy stocks to raise the price (like the housing market was propped up when they had loose money to loan to anyone). This propping up is to lure the middle class to engage in the market also to prop it up even more. Then the 2% will sell out at the right time, and they will know when to do that through inside trading, and the stocks will fall and the fooled middle class will be left holding the bag.

    • eddie47d

      More negativity 24/7 and you all eat it up like chicken poop as buttered popcorn. Each side (yes the Feds too) plays this game so no one receives the truth on anything. Yes the stock market is up (mostly good) yet there is always the possibility it is being manipulated by some Speculator and could be false flag growth. The wealthy banksters have dumped on the Middle Class before with their ponzi schemes which drove the Stock markets to new highs at other times.The housing market is real and in Denver is above that of 2008. It could improve a wee bit more but not much for no one should wish for the wild days of 2005-6. There again the Speculators over built which created a bubble which increased pricing and another false segment of our economy crashed.

      • ranger09

        The rich have always controlled the markets, They and the govt control the information fed to the gen public, its called Buy before the news gets to the Public, Sale when the prices go up.
        Why do you think these politicians get richer while the public gets the shaft.
        Also who is getting all the Interest off of 6 trillion dollars we owe.

  • Grandpa Frog

    To summarize–inflation!

  • steve

    watch the bond market. it has started to already implode. go bye stocks and housing.

  • Dave67

    On these boards, Obama only does bad… No good whatsoever… If the loons on these boards gave Obama credit or say he did something positive… That would put a dangerous message out there for right wing loons… That Obama is human #1 and that he has helped turn the mess to an extent that Reagan, Clinton and Bush Inc and their helpers in Congress, created.

    Scary for the right indeed.

    • Sun Rising

      The fact is, he has done nothing to make things better. Everything he has touched has gotten worse.

      The stock market is growing because of injected debt!

      • Dave67

        Including Osama Bin Laden’s and Khadafyi’s health

        LOL

      • Chuck S

        He killed Bin Laden, but then let – even helped – Bin Laden’s soulmates, the Muslim Brotherhood, take over Egypt, Libya, and maybe Syria. He’s sending several F-16s and 400 tanks to Egypt, which are likely to be used against Israel and maybe us.

      • Dave67

        Chuck S,

        Whatever you say…Do you believe that other countries have the right of self-determination or do you believe that is just reserved for the United States and yourself?

        The rest of your post is non-sense.

    • Chocopot

      So, Dave67, why don’t you tell us what good the clown in the WH has done? It surely can’t take very long…

      • jopa

        Chocopot; You are wrong, there is a very long list of his positive accomplishments that I have listed over and over.There are just too many ignorant non believers it has become just a waste of time and is becoming rather boring.The main thing though no Americans have died on American soil because of terrorism like the 3,000 that died on Bush’s watch, or should I say his nap time.

      • Dave67

        Here is a list for you:

        1. Passed Health Care Reform: After five presidents over a century failed to create universal health insurance, signed the Affordable Care Act (2010). It will cover 32 million uninsured Americans beginning in 2014 and mandates a suite of experimental measures to cut health care cost growth, the number one cause of America’s long-term fiscal problems
        2. Passed the Stimulus: Signed $787 billion American Recovery and Reinvestment Act in 2009 to spur economic growth amid greatest recession since the Great Depression. Weeks after stimulus went into effect, unemployment claims began to subside. Twelve months later, the private sector began producing more jobs than it was losing, and it has continued to do so for twenty-three straight months, creating a total of nearly 3.7 million new private-sector jobs.

        3. Passed Wall Street Reform: Signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) to re-regulate the financial sector after its practices caused the Great Recession. The new law tightens capital requirements on large banks and other financial institutions, requires derivatives to be sold on clearinghouses and exchanges, mandates that large banks provide “living wills” to avoid chaotic bankruptcies, limits their ability to trade with customers’ money for their own profit, and creates the Consumer Financial Protection Bureau (now headed by Richard Cordray) to crack down on abusive lending products and companies.

        4. Ended the War in Iraq: Ordered all U.S. military forces out of the country. Last troops left on December 18, 2011.

        5. Began Draw-down of Afghanistan Troops: From a peak of 101,000 troops in June 2011, U.S. forces are now down to 91,000, with 23,000 slated to leave by the end of summer 2012. According to Secretary of Defense Leon Panetta, the combat mission there will be over by next year.

        6. Eliminated Osama bin laden: In 2011, ordered special forces raid of secret compound in Abbottabad, Pakistan, in which the terrorist leader was killed and a trove of al-Qaeda documents was discovered.

        7. Turned Around U.S. Auto Industry: In 2009, injected $62 billion in federal money (on top of $13.4 billion in loans from the Bush administration) into ailing GM and Chrysler in return for equity stakes and agreements for massive restructuring. Since bottoming out in 2009, the auto industry has added more than 100,000 jobs. In 2011, the Big Three automakers all gained market share for the first time in two decades. The government expects to lose $16 billion of its investment, less if the price of the GM stock it still owns increases.

        8. Recapitalized Banks: In the midst of financial crisis, approved controversial Treasury Department plan to lure private capital into the country’s largest banks via “stress tests” of their balance sheets and a public-private fund to buy their “toxic” assets. Got banks back on their feet at essentially zero cost to the government.

        9. Repealed “Don’t Ask, Don’t Tell”: Ended 1990s-era restriction and formalized new policy allowing gays and lesbians to serve openly in the military for the first time.

        10. Toppled Moammar Gaddafi: In March 2011, joined a coalition of European and Arab governments in military action, including air power and naval blockade, against Gaddafi regime to defend Libyan civilians and support rebel troops. Gaddafi’s forty-two-year rule ended when the dictator was overthrown and killed by rebels on October 20, 2011. No American lives were lost.

        11. Told Mubarak to Go: On February 1, 2011, publicly called on Egyptian President Hosni Mubarak to accept reform or step down, thus weakening the dictator’s position and putting America on the right side of the Arab Spring. Mubarak ended thirty-year rule when overthrown on February 11.

        12. Reversed Bush Torture Policies: Two days after taking office, nullified Bush-era rulings that had allowed detainees in U.S. custody to undergo certain “enhanced” interrogation techniques considered inhumane under the Geneva Conventions. Also released the secret Bush legal rulings supporting the use of these techniques.

        13. Improved America’s Image Abroad: With new policies, diplomacy, and rhetoric, reversed a sharp decline in world opinion toward the U.S. (and the corresponding loss of “soft power”) during the Bush years. From 2008 to 2011, favorable opinion toward the United States rose in ten of fifteen countries surveyed by the Pew Global Attitudes Project, with an average increase of 26 percent.

        14. Kicked Banks Out of Federal Student Loan Program, Expanded Pell Grant Spending: As part of the 2010 health care reform bill, signed measure ending the wasteful decades-old practice of subsidizing banks to provide college loans. Starting July 2010 all students began getting their federal student loans directly from the federal government. Treasury will save $67 billion over ten years, $36 billion of which will go to expanding Pell Grants to lower-income students.

        15. Created Race to the Top: With funds from stimulus, started $4.35 billion program of competitive grants to encourage and reward states for education reform.

        16. Boosted Fuel Efficiency Standards: Released new fuel efficiency standards in 2011 that will nearly double the fuel economy for cars and trucks by 2025.

        17. Coordinated International Response to Financial Crisis: To keep world economy out of recession in 2009 and 2010, helped secure from G-20 nations more than $500 billion for the IMF to provide lines of credit and other support to emerging market countries, which kept them liquid and avoided crises with their currencies.

        18. Passed Mini Stimuli: To help families hurt by the recession and spur the economy as stimulus spending declined, signed series of measures (July 22, 2010; December 17, 2010; December 23, 2011) to extend unemployment insurance and cut payroll taxes.

        19. Began Asia “Pivot”: In 2011, reoriented American military and diplomatic priorities and focus from the Middle East and Europe to the Asian-Pacific region. Executed multipronged strategy of positively engaging China while reasserting U.S. leadership in the region by increasing American military presence and crafting new commercial, diplomatic, and military alliances with neighboring countries made uncomfortable by recent Chinese behavior.

        20. Increased Support for Veterans: With so many soldiers coming home from Iraq and Iran with serious physical and mental health problems, yet facing long waits for services, increased 2010 Department of Veterans Affairs budget by 16 percent and 2011 budget by 10 percent. Also signed new GI bill offering $78 billion in tuition assistance over a decade, and provided multiple tax credits to encourage businesses to hire veterans.

        21. Tightened Sanctions on Iran: In effort to deter Iran’s nuclear program, signed Comprehensive Iran Sanctions, Accountability, and Divestment Act (2010) to punish firms and individuals who aid Iran’s petroleum sector. In late 2011 and early 2012, coordinated with other major Western powers to impose sanctions aimed at Iran’s banks and with Japan, South Korea, and China to shift their oil purchases away from Iran.

        22. Created Conditions to Begin Closing Dirtiest Power Plants: New EPA restrictions on mercury and toxic pollution, issued in December 2011, likely to lead to the closing of between sixty-eight and 231 of the nation’s oldest and dirtiest coal-fired power plants. Estimated cost to utilities: at least $11 billion by 2016. Estimated health benefits: $59 billion to $140 billion. Will also significantly reduce carbon emissions and, with other regulations, comprises what’s been called Obama’s “stealth climate policy.”

        23. Passed Credit Card Reforms: Signed the Credit Card Accountability, Responsibility, and Disclosure Act (2009), which prohibits credit card companies from raising rates without advance notification, mandates a grace period on interest rate increases, and strictly limits overdraft and other fees.

        24. Eliminated Catch-22 in Pay Equality Laws: Signed Lilly Ledbetter Fair Pay Act in 2009, giving women who are paid less than men for the same work the right to sue their employers after they find out about the discrimination, even if that discrimination happened years ago. Under previous law, as interpreted by the Supreme Court in Ledbetter v. Goodyear Tire & Rubber Co., the statute of limitations on such suits ran out 180 days after the alleged discrimination occurred, even if the victims never knew about it.

        25. Protected Two Liberal Seats on the U.S. Supreme Court: Nominated and obtained confirmation for Sonia Sotomayor, the first Hispanic and third woman to serve, in 2009; and Elena Kagan, the fourth woman to serve, in 2010. They replaced David Souter and John Paul Stevens, respectively.

        26. Improved Food Safety System: In 2011, signed FDA Food Safety Modernization Act, which boosts the Food and Drug Administration’s budget by $1.4 billion and expands its regulatory responsibilities to include increasing number of food inspections, issuing direct food recalls, and reviewing the current food safety practices of countries importing products into America.

        27. Achieved New START Treaty: Signed with Russia (2010) and won ratification in Congress (2011) of treaty that limits each country to 1,550 strategic warheads (down from 2,200) and 700 launchers (down from more than 1,400), and reestablished and strengthened a monitoring and transparency program that had lapsed in 2009, through which each country can monitor the other.

        28. Expanded National Service: Signed Serve America Act in 2009, which authorized a tripling of the size of AmeriCorps. Program grew 13 percent to 85,000 members across the country by 2012, when new House GOP majority refused to appropriate more funds for further expansion.

        29. Expanded Wilderness and Watershed Protection: Signed Omnibus Public Lands Management Act (2009), which designated more than 2 million acres as wilderness, created thousands of miles of recreational and historic trails, and protected more than 1,000 miles of rivers.

        30. Gave the FDA Power to Regulate Tobacco: Signed the Family Smoking Prevention and Tobacco Control Act (2009). Nine years in the making and long resisted by the tobacco industry, the law mandates that tobacco manufacturers disclose all ingredients, obtain FDA approval for new tobacco products, and expand the size and prominence of cigarette warning labels, and bans the sale of misleadingly labeled “light” cigarette brands and tobacco sponsorship of entertainment events.

        31. Pushed Federal Agencies to Be Green Leaders: Issued executive order in 2009 requiring all federal agencies to make plans to soften their environmental impacts by 2020. Goals include 30 percent reduction in fleet gasoline use, 26 percent boost in water efficiency, and sustainability requirements for 95 percent of all federal contracts. Because federal government is the country’s single biggest purchaser of goods and services, likely to have ripple effects throughout the economy for years to come.

        32. Passed Fair Sentencing Act: Signed 2010 legislation that reduces sentencing disparity between crack versus powder cocaine possessionfrom100 to1 to 18 to1.

        33. Trimmed and Reoriented Missile Defense: Cut the Reagan-era “Star Wars” missile defense budget, saving $1.4 billion in 2010, and canceled plans to station antiballistic missile systems in Poland and the Czech Republic in favor of sea-based defense plan focused on Iran and North Korea.

        34. Began Post-Post-9/11 Military Builddown: After winning agreement from congressional Republicans and Democrats in summer 2011 budget deal to reduce projected defense spending by $450 billion, proposed new DoD budget this year with cuts of that size and a new national defense strategy that would shrink ground forces from 570,000 to 490,000 over the next ten years while increasing programs in intelligence gathering and cyberwarfare.

        35. Let Space Shuttle Die and Killed Planned Moon Mission: Allowed the expensive ($1 billion per launch), badly designed, dangerous shuttle program to make its final launch on July 8, 2011. Cut off funding for even more bloated and problem-plagued Bush-era Constellation program to build moon base in favor of support for private-sector low-earth orbit ventures, research on new rocket technologies for long-distance manned flight missions, and unmanned space exploration, including the largest interplanetary rover ever launched, which will investigate Mars’s potential to support life.

        36. Invested Heavily in Renewable Technology: As part of the 2009 stimulus, invested $90 billion, more than any previous administration, in research on smart grids, energy efficiency, electric cars, renewable electricity generation, cleaner coal, and biofuels.

        37. Crafting Next-Generation School Tests: Devoted $330 million in stimulus money to pay two consortia of states and universities to create competing versions of new K-12 student performance tests based on latest psychometric research. New tests could transform the learning environment in vast majority of public school classrooms beginning in 2014.

        38. Cracked Down on Bad For-Profit Colleges: In effort to fight predatory practices of some for-profit colleges, Department of Education issued “gainful employment” regulations in 2011 cutting off commercially focused schools from federal student aid funding if more than 35 percent of former students aren’t paying off their loans and/or if the average former student spends more than 12 percent of his or her total earnings servicing student loans.

        39. Improved School Nutrition: In coordination with Michelle Obama, signed Healthy Hunger-Free Kids Act in 2010 mandating $4.5 billion spending boost and higher nutritional and health standards for school lunches. New rules based on the law, released in January, double the amount of fruits and vegetables and require only whole grains in food served to students.

        40. Expanded Hate Crimes Protections: Signed Hate Crimes Prevention Act (2009), which expands existing hate crime protections to include crimes based on a victim’s sexual orientation, gender, or disability, in addition to race, color, religion, or national origin.

        41. Avoided Scandal: As of November 2011, served longer than any president in decades without a scandal, as measured by the appearance of the word “scandal” (or lack thereof) on the front page of the Washington Post.

        42. Brokered Agreement for Speedy Compensation to Victims of Gulf Oil Spill: Though lacking statutory power to compel British Petroleum to act, used moral authority of his office to convince oil company to agree in 2010 to a $20 billion fund to compensate victims of the Deepwater Horizon oil spill in the Gulf of Mexico; $6.5 billion already paid out without lawsuits. By comparison, it took nearly two decades for plaintiffs in the Exxon Valdez Alaska oil spill case to receive $1.3 billion.

        43. Created Recovery.gov: Web site run by independent board of inspectors general looking for fraud and abuse in stimulus spending, provides public with detailed information on every contract funded by $787 billion American Recovery and Reinvestment Act. Thanks partly to this transparency, board has uncovered very little fraud, and Web site has become national model: “The stimulus has done more to promote transparency at almost all levels of government than any piece of legislation in recent memory,” reports Governing magazine.

        44. Pushed Broadband Coverage: Proposed and obtained in 2011 Federal Communications Commission approval for a shift of $8 billion in subsidies away from landlines and toward broadband Internet for lower-income rural families.

        45. Expanded Health Coverage for Children: Signed 2009 Children’s Health Insurance Authorization Act, which allows the Children’s Health Insurance Program (CHIP) to cover health care for 4 million more children, paid for by a tax increase on tobacco products.

        46. Recognized the Dangers of Carbon Dioxide: In 2009, EPA declared carbon dioxide a pollutant, allowing the agency to regulate its production.

        47. Expanded Stem Cell Research: In 2009, eliminated the Bush-era restrictions on embryonic stem cell research, which shows promise in treating spinal injuries, among many other areas.

        48. Provided Payment to Wronged Minority Farmers: In 2009, signed Claims Resolution Act, which provided $4.6 billion in funding for a legal settlement with black and Native American farmers who the government cheated out of loans and natural resource royalties in years past.

        49. Helped South Sudan Declare Independence: Helped South Sudan Declare Independence: Appointed two envoys to Sudan and personally attended a special UN meeting on the area. Through U.S. ambassador to the United Nations Ambassador Susan Rice, helped negotiate a peaceful split in 2011.

        50. Killed the F-22: In 2009, ended further purchases of Lockheed Martin single-seat, twin-engine, fighter aircraft, which cost $358 million apiece. Though the military had 187 built, the plane has never flown a single combat mission. Eliminating it saved $4 billion.

      • deerinwater

        “why don’t you tell us what good the clown in the WH has done?”

        Why waste the time on anyone that has their eyes and ears covered? It serves no purpose and only a waste of time.

      • ? Chocopot

        I only wish I had time to respond to all the outrageous left-wing propaganda you posted. However, I have a job and I need to work.

      • Dave67

        Here is something else:

        in 2009, the deficit reached a record high of $1.4 trillion. Because, thanks to fiscal years, Obama inherited a deficit of nearly $1.3 trillion from Bush/Cheney the moment he took the oath of office.

        This year, however, according to the official data published by the Treasury Department, the deficit was $1.089 trillion.

        So that means the yearly deficits are coming down, not going up and considering the tough times we have dealt with, that is a real accomplishment.

        But of course the right discounts it all.

        Right Chocopot?

      • Dave67

        I look forward to your response to all of the list when you have time Chocopot… Of course there is ZERO propaganda being lobbed around these boards by right wingers/conmservatives right?

        Tell me where the list is wrong and where the debt numbers are not correct.

    • Hedgehog

      Dave67 you state;”Obama is human” PROVE IT! I want to see his real birth certificate. He looks like an ET, he talks like an ET, and he has the compassion (for humans) of an ET. Conclusion, he is an ET! Oh, by the way, stop knocking the loons. The loon or loony is a great bird, pretty too. It is also the one dollar coin of Canada. Last time I looked inflation on the loony was about 0.8% (zero decimal eight percent). When was the last time that inflation was that low on the greenback? Certainly not during Obama the EXTRA TERRORESTRIAL’s reign.

      • Dave67

        The birthers are lke pitbulls on the issue, no matter how many times its been debunked… They need to have their perverted view of “hope” I guess.

        But again, Obama is the anti-Christ to the loons here even though he has started ZERO wars, brought down the yearly deficits we are incurring, and generally made this better for most people in 4 years.

        The looney right will never admit it… Gloom and doom is their stock and trade.

        • Deerinwater

          Yea ~ sadly ~~~ pretty much ~

      • John Woodbury

        Prove it Dave67. And for your rash and bold statements, that is not proof. I can find my birth records, can you find yours? People who read this site know I am 75% native American ( Comanche ) and was adopted. I found my birth records, not the Certificate, that is sealed but the real records while I was in China! Why can’t people find his? I believe he was born, somewhere, most likely Hawaii, but prove it. I also think he is an Indonesian citizen, he never re-affirmed his citizenship to America, after being adopted by his step-father. If you can prove he did fine. Do so. Also for you info, it is the loony left (no disrespect meant to those great birds) and the extremist right. So remember that you looney leftist useful fool.

      • Dave67

        John,

        I don’t have to. In this country the burden of proof is on you and your side that makes the accusation… see thats how it works in this country and every accusation the looney right has made has been debunked.

        Sorry.

  • Deerinwater

    Mr. Livingston says, “In truth, we are now in the midst of the worst recovery ever. ”

    I say, A stab at some kind of left handed humor I suppose. ~~ Conflicting ~ I believe that he feels conflicted with what he sees and what he be believes.

    To admit any recovery is in process at all, is very hard for him to do. So the “recovery” is the worst one.

    Since the GOP and Mich McConnell’s 4 year plans to unseat 44 was predicated on insuring “No Recovery”, “No gains” , “No cooperation” has failed. Indeed, lackluster or “worst” is a fair description. Now who’s doorstep Mr. Livingston wants lay the blame for is not mentioned in this posting.

    On the rector scale of fear lists, uncertainty for a conservative always meters high yet they can not stop themselves from gambling in markets. It becomes a consuming passion, a play station for big boys.

    I say, stick with what you know when it comes to your money and avoid all the mental masturbation. If you compose, compose, if you plumb, plumb, if you ride broncs, ride broncs.

    If you are one to think that you know what is happening on Wall Street today, I can’t imagine why you would waste your time here.

    Mr. Livingston says, “Remember, the stock market is not a marker to use to determine a strong economy. The current policies of QE to infinity and deficit spending continue to transfer wealth from the people to the 1 percent.”

    I say, Read Mr. Livingston’s words three times, or as many times that it requires for you to understand it. I had too. ~ When I managed to grasp it’s meaning, ~ I realized I already knew it.

    There are other ways of creating and gaining wealth without it being at another persons misfortune. Why this need to trifle with uncertainty that you seem to hate so? ~ Is it founded in greed or just hunger for amusement?

    Five to one odds will get you killed, you know that don’t you?

    • Bob666

      Yo Deer,
      I look at four seperate areas to gauge financial health, first is the supply of money, that is cheap and plentiful.

      Next is demand in the private sector, that has increased and with that cheap money, so demand is getting filled.

      Then you have comodtity prices and they are relitively low.

      Finally-end consumers and I am seeing strength there as well, I was entertaining clients last week at a Ruth & Chris and that place was packed. Malls were packed during the holidays and consumers are spending

      I’m not saying that happy days are here again, the day today was better than two years ago and we still have a ways to go.

      The next four tears will be much better.

      • Deerinwater

        Bob666 says, “‘ The next four years will be much better.”

        i say; I agreed , when your back is against the wail ~ life gets simple.

      • Deerinwater

        Yea, I see it returning as well Bob. ~ It took years to fail, it will take years to build back.

        Our reaction to 9-11 like to done us in. ~

  • http://yahoo Larry

    The stock market is flooded with money from 401k and other private retirements every week. It will continue to go up as long as people continue with these accounts

  • ibcamn

    Whoops!think i clicked on the wrong spot!i don’t indulge in this anymore!..too many swindlers!!see ya!

  • http://midcontent ridge runner

    Onumnutts and the demcraps, had between 1002%-!58% voter turn out, of course these same SOBs also charge fees for 30 hours a days. Why anyone would think any democrat in any election, from county to federal election would be run fair is an idoit. Read ” Dirty American Scourndral” a true story, and see how the communist/socialist party’s MO never changes.

  • chuckb

    dave57, the list looks impressive, however, if you take the time, almost every one mentioned can be rebutted, this looks like party propaganda, if it wasn’t so long i would like to refute everyone,
    barry has done nothing on his own, i would be surprised if he understands a financial statement. you guys have to get off the color wagon, being black doesn’t automatically make him a genius or like chris mathews says”he makes a thrill run up and down his leg”

    the matters of this country is far more important than party affiliation.
    the republican and democratic party have run their gamut,.this isn’t a contest or game.
    it’s time people wake up, the entitlements are destroying this nation and our economy is not improving, gas prices are on their way back to four or more dollars pg, this isn’t conducive to a good economy, maybe to hedge fund managers like george soros
    at this moment the good politicians are arranging to grant amnesty to 20 millikon mexican and foreign illegals, how many of these that aren’t on welfare will now be added? they claim the immigration laws are broken down, no, the politicians have broken down they refuse to honor the law. our present laws are sufficient if invoked.

    • John Woodbury

      Love the Dave57 as in “I have been to all 57 states” B. H. Obama.

      • chuckb

        john, i, better get my eyes checked lol.

    • Dave67

      Yet Chuck, you can’t refute any of it…

      So unless you can, Obama is not the anti-Christ and he is nowhere close to perfect. He has done some good things, far more than Bush Inc but he has also done some bad things.

      Here, you never hear about the good, only the bad… Thats what living in the conservative information bubble gets you.

  • http://midcontent ridge runner

    When complaining about prople on the color wagon, what is a color wagon? If you are trying to say people who dislike Omoron, because he is such a muslim marxist, there isn’t any kind of color blend tht would ID a certain type of sicko, but check out any prison population in and state or county, and see what the percentages will show up, monatary livings standradsmake no difference, but it is mind set values, all the way to learning to be responible, and behave responible. Something Obozo never learned or beleives in, just live off of everyone else like a sea lice on a whale’s backside.

  • chuckb

    ridge runner, i was referring to the people who adulate this man because he’s black, they seem to worship him because of his color, they want to believe he is extraordinary.. if you don’t agree then you are a racist.
    the fact is they are super sensitive to any criticism of a person of color and will accept less because of this. the education system has spawned this attitude over the years.

    it would be better if everyone judged a person on their ability, not race. the only thing barry has going for himself is his voice and the ability to read a teleprompter.

    • deerinwater

      I keep forgetting that he is of mixed race and you keep reminding me Chuck. let it go buddy.

      • chuckb

        deerinthewater, it irritates me when some who post here, use the term “racist” if you criticize this president, is he protected by his color? when i criticize him, i am not doing so because of his color, i criticize him and those around him for hiding behind this cloak, in my eyes the man is incompetent, color has nothing to do with it. the black people should resent those that patronize and use them such as the democratic party.

        • deerinwater

          chuck says; “deerinthewater, it irritates me when some who post here, use the term “racist” for criticizing the President.

          I say, I do understand your aggravation, if it’s say you say Chuck. I would be annoyed as well IF there was no slur, direct, indirect or inference of race in anyway. No shuck , no jive, no watermelon.

          No President is beyond or immune to well intended criticism or too good to be the butt end of a good joke as long it’s not an attempt to debase predicated on the pedigree of the parents he was born too.

      • Dave67

        Chuck,

        Sorry, you can critize the president and not be racist… But for many here… the hood fits and they need to wear it. Some have used the term “Jungle Bunny”, “Kenyan” to describe Obama and I am sorry, those people are just exposing their racism.

        Its just the facts there.

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