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The argument sounds pretty good at first. But why would any state opt out of Obamacare, but PAY for it through taxes anyway?

“They’re going to say, ‘we’re not going to pass a public option, were going to pass an ‘opt out,” said Karl Rove, former Bush Administration Advisor. “What state…government and legislators of Republican or Democrat Majority is going to say to his citizens…’we’re going to pay for this sucker for DECADES AND DECADES to come, but…we’re not going to ge any of our money back?’”

“It’s a COMPLETE FRAUD – a complete FRAUD,” explained Rove.

So, you see, Obamacare comes back THIS time as another Trojan Horse to try to fool The American People. Thankfully we have Fox News to INFORM us of what the Democrats are trying to do, but no thanks are due to the Executive Branch of government, where the campaigner-in-chief wants to keep the American people IGNORANT of their evil schemes.

“It’s a very CALCULATED POLITICAL STRATEGY,” Judy Miller said on the Fox News Channel about the Chicago-Style Politics coming from the W.H. “If you can divide Fox News from covering stories – clearly you can’t – but you can persuade the…MSM from picking up and following Fox stories. So, your NOT going to learn about ACORN. Your NOT going to learn about the czars, who had to be gotten rid of because they weren’t vetted. That’s what this is all about,” further explained Miller.

And what about hearing about the FAILURES that ALREADY have occurred in the area of universal healthcare or government option in America? We have FAILURES of Socialized Medicine in Massachusetts, Maine and Tennessee to look at for some answers to how Obamacare would work.

“Well, originally it was supposed to BE PAYED FOR BY GOVERNMENT CREATING SAVINGS in the health care system, similar to the RHETORIC WE’RE HEARING FROM WASHINGTON,” said Tarren Bragdon of the Main Heritage Foundation on FNC about Maine’s SM disaster called ‘DIRIGO.’ “But what we’ve seen is, the plan (is) BANKRUPT, and just this year, the legislator passed a NEW 2.4% TAX on PRIVATE HEALTH PLANS to pay for it.”

So much for elitists and their socialistic policies that have PROVEN NOT TO WORK.

“What happened with DIRIGO is we set up this plan that was very, very heavily subsidized, and PEOPLE FLOCKED TO IT,” said Bragdon. “and when people got something for very little, COST ULTIMATELY WENT THROUGH THE ROOF. And so PREMIUMS JUST SKYROCKETED,” explained Bragdon.

“DIRIGO, just like Congress is trying to do, said, ‘we’ll cover you at any time no matter what, with no pre-existing exclusion,” said Bragdon. “And that’s what DROVE UP THE COSTS. People ‘CYCLE ON’ when they’re sick, and they ‘CYCLE OFF’ when they’re healthy. They get sick again, they ‘CYCLE’ BACK ON AGAIN,” explained Bragdon.

And in the Kennebee Journal, “DIRIGO CHOICE is consistent with what we think the definition of a public health option is,” said Executive Director of the DIRIGO Health Agency on July 22, 2009.

“Six years late that DIRIGO EXPERIMENT has turned out to be a COLOSSAL AND EXTREMELY COSTLY FAILURE,” said Sen. Mitch McConnell (R_KY) in the Senate recently.

“Whether it’s Massachusetts or Tennessee, where” there is government-run health care in competition with private insurance, “the price SKYROCKETS,” explained Marsha Blackburn, House Minority Deputy Whip on FNC about the SM program in TN. “It increases MUCH MORE than the national average,” said Blackburn.

“In Tennessee…our Public Option test case…in 94′” was to be “a $2 billion program. Within eight years it was an eight and a half billion dollar program,” said Blackburn.

“They (Obamacare SM proponents) don’t have an example of Public Option health care that has worked, whether it’s Tennesse….Massachussettes…(or) Main – the PRICE SKYROCKETS,” said Blackburn. CBO says EVERY PLAN they’ve brought forward, whether it’s HR 3200, whether it’s the Baucus bill – it all INCREASES THE COST OF HEALTHCARE.

And despite Ex-Massachusetts Gov. Mitt Romney’s opinion piece for The Wall Street Journal (April 11, 2006) saying: “Every uninsured citizen in Massachusetts will soon have affordable health insurance and the costs of health care will be reduced,” Massachusetts still has the highest health-insurance costs in the nation, averaging $13,788 for a family, this according to the Kaiser Family Foundation.

In other news, freshman Democrat Mike Quigley (IL) says that “both Parties can’t protect their members, no matter how powerful they are.” This in regards to an investigation into Countrywide.

Doug Hoffman is the true conservative in the NY Congressional race, since the other one is endorsed by ACORN and the liberal Daily Kos.

Also, the average daily circulation of newspapers fell a whopping 10.6% from April-Sept. versus the same period in 2008. The WSJ was the ONLY Top 25 Daily Papers to see and increase in circulation. The WSJ recently surpassed USA Today as the top-selling U.S. daily paper.

And finally, the Tea Party Express bus may be coming to an area near you. Check out the official site to see if the bus is coming to your area.

Quote of the Day: “We will be paying more money in debt service than the total personal income taxes collections in the United States…We are now at the end of the Bush Recession, and we are at the beginning of a recession caused not by the disease, but by Obama’s cure.” – Dick Morris on FNC

Please keep fighting for Truth. God knows all about the hard work you do.

Thanks,

777denny

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I read an article the other day about the steep reduction in pay being forced upon the executives of the large banks that had received a government bailout.  The concern that was expressed was that these individuals were brilliant in their fields, and that if they were not paid what they thought they  were worth, that they would quit their jobs to work for someone else.

If they are so brilliant, then why did the government need to bail them out?

For most people, if their area of responsibility had failed miserably, they would be looking for a new job, not cashing bonus checks.  Are they going to put on their resume  ”We oversaw the destruction of our last company, now what can we do for you”???

If the government had not bailed them out, either they would have worked themselves out of the hole, or they would have been fired and replaced, or their entire business would be consumed by other businesses that were run more efficiently.  The business world can take care  of itself.  The strong survive, the weak are devoured.

Why did we interfere?

Job centres are, to me, interesting places. I know it’s a pain in the arse going there at 0926 every other Tuesday morning. I know; exactly what I thought – 09:26 am PRECISELY, fear not, it’s not the time you’re gonna get seen of course. I mean it is bad enough having to go in there in first place. Then to have to wait until 0940 to be seen. Then to be told that my job search diary is fine and ‘all in order’, of course it is!!!! I am looking for work, I am an educated person, and I want a fucking job! So I don’t have to fucking come here to be patronised and be told what time I have to be here to the fucking minute.  I was discussing this with a friend of mine yesterday.  Not only is it bad enough that I have to go to this dump and be patronised by the person I swear I was looking for work here the other day and is now helping other people to find work!  How insignificant each person who comes in here must be – we’re all minutes on a clock, just statistics now, surely to be bandied about by politicians fighting a PR battle to get the POWER, the power to fuck it all up again – to be defined in history by what mistakes your party made during their tenure.  I am a statistic.

You want to know statistics – the woman who told me my job searches were ‘in order’ should be made to read the Financial Times or some such economical digest to bring her up to date with what is going on in the economy.  Telling me that things are ‘picking up’, do you not know that we are heading for a period of deflation, the longest period of negative growth since 1955, since records began.  Far from picking up – hold tight, things will only get worse.

Anyway, I digress, job centres, interesting places, yes, what a cross section of British society.  the man in the corner with ‘I really should not be here’ look on his face to the man fighting to keep his benefits cash cow on the go, appealing against a decision to stop his payments.  Probably so he can carry on doing nothing or drinking or smoking pot or wasting his time or EVEN blogging!  I saw a rather attractive woman working there as well and it got me thinking.  What if you’re in there as a single man and you see a nice looking woman, you ain’t gonna offer her shit, you can’t even get a job!  It ain’t the place to pick up, that’s for sure – you can’t bullshit your way into some girl’s knickers in there – there is no way!  Unless you’re Charles Bukowski I suppose…

Times are tight maybe I’ll have to become a webcam performer – no experience necessary! 

Obama Campaigning Can’t Make Support Decision

The community organizer elitist progressive Barack Hussein Obama has a huge problem. All he can really do is campaign, be a community organizer, and vote present. America is losing brave young Americans because of Obama and his inability to make decisions..more…

In this week’s Moneycorp Dollar update:

The UK economy shrank in the third quarter of 2009, seriously disappointing investors. Sellers of the US dollar lost interest when it reached $1.50 against the euro.

Sterling spent four days rising by three and a half cents from $1.63 to $1.6650 and rather less than four hours falling all the way back. It opened in London this morning unchanged on the week at £1.63.

Sterling had a potential mountain to climb almost every day last week. Public sector net borrowing would show just how deep in the mire were government finances. The Monetary Policy Committee (MPC) minutes may point to more “money printing” by the Bank of England. Retail sales data for September would show whether to not the consumer was back in business and Friday’s figures for third quarter gross domestic product (GDP) would hopefully show the British economy was out of recession.

The first three of those obstacles were handled without drama. Monthly government borrowing was slightly less than forecast; box ticked. The MPC minutes said nothing that Bank officials had not already said in the previous couple of days; box ticked. Retail sales did not rise by as much as expected, in fact they did not rise at all, but they did not go down; box ticked.

The unhappy denouement came on Friday, with a consensus among analysts that GDP would have grown by +0.2% in the third quarter of 2009. Most of them got it dreadfully wrong. Instead of the small but still positive increase they expected, investors were asked to swallow a -0.4% decline. Not surprisingly, they choked. A lot of psychological stock had been invested in the GDP number and most of it had to be written off.

Just as psychology was driving sterling, so it had a hand in the dollar’s movements, if only because there was little else in the way of news or data to push it. Its biggest help came in from the euro’s failure to continue its rally beyond $1.50. That level is psychologically and technically important and investors hesitated to sell dollars with the euro any higher.

The week’s crop of US economic data was much less fruitful than Britain’s so investors did not have much to get their teeth into. Even things like factory gate prices – normally dissected as a pointer to inflation – failed to raise a ripple. Most of the figures relating to residential property were disappointing; home-builders’ confidence was lower and the numbers for building permits and housing starts both fell in September. The offsetting factor was a surprisingly strong figure for existing (second-hand) home sales which rose by +9.4% on the month.

At first glance that negative GDP number appears to have undone all the good work that sterling had put in during the previous ten days. On the other hand there are signs that sterling’s weakness might have run its course. A growing number of commentators believe it is wrong to think that things can only get worse. Accountancy firm KPMG reckons confidence among UK executives is as an 18-month high. Goldman Sachs is sticking to the “buy” recommendation it made a month ago. There is even talk that the budget deficit might be smaller than we thought, although it will be difficult to know for several months.

The events of last week were a salutary reminder that sterling can go up-and-down, as well as down-and-up. With that uncertainty in mind there is no reason to adjust the hedging strategy. Buyers of the dollar should hedge half their requirement with a forward purchase. Those with a short time horizon who do not want to cover their whole exposure should at least protect themselves with a stop order.

For more information and expert guidance on the currency markets, call Moneycorp today on +44 (0)20 7589 3000, do not forget to mention International Horizons to secure the best rates. Alternatively go to the Moneycorp website where you can open a free, no obligation Trading Facility.

Foreign Exchange since 1979.

President Barack Obama has lashed back at critics who fear he lacks the steel to be a successful president, saying “I’m skinny … but I’m tough.”

Obama, who is trying to navigate a climate of sharp political partisanship, said he was spoiling for a fight to enact his ambitious agenda.

“There are people saying mean things about me and folks are worried,” Obama said as he headlined a pair of Florida Democratic Party fundraisers that racked up a total of 1.5 million dollars.

“Just ’cause I’m skinny doesn’t mean I’m not tough. I don’t rattle,” Obama said, tongue in cheek.

“I’m not going to shrink back, because now is the time for us to continue to push and follow through on those things that we know have to be done but haven’t been done for decades.”

Obama reeled off a list of what he billed as the early achievements of his administration, including rescuing the economy from a possible depression.

He also said he was “confident” that he would be able to force a landmark healthcare reform bill through Congress by the end of the year.

A number of commentators have in recent weeks started to question Obama’s fortitude, worrying that his cool demeanor masks a lacking killer instinct.

Brazil is considering extending stimulus tax cuts on home appliances even as the country’s economic recovery shows signs of gaining momentum. Tax cuts helped Brazilian auto industry sales to soar.

Finance Minister Guido Mantega said Monday he would decide by the end of the month whether to extend tax cuts on home appliances. The decision hinges on a commitment by retailers and manufacturers to hire more workers and provide better financing to consumers, he told reporters in Sao Paulo.

The International Monetary Fund last week said Brazil and other Latin American economies emerging quickly from the global financial crisis should consider removing fiscal stimulus measures as strong capital inflows put pressure on currencies to appreciate.

Brazil in April cut taxes by as much as 10 percentage points on several home appliances, providing incentives for consumers to boost spending and lead the 1.6 trillion US dollars economy out of its first recession since 2003. Retail sales in August rose for the fourth straight month, by 0.7% from July.

Brazil is expected to grow 4.8% next year, according to a last week Central Bank survey of about 100 economists. In July, economists were forecasting 2010 growth of 3.5%.

President Lula da Silva said Monday the country needs lower taxes to spur domestic demand and meet a World Bank forecast to become the world’s fifth-largest economy by the time it hosts the 2016 Olympics.

Lula da Silva addressing the nation in his weekly radio program said lower taxes coupled with government steps to boost credit will encourage Brazilians to “purchase what they still don’t have.”

Mercosur, Tuesday, October 27th 2009 – 5:23 am UTC

IN MY OPINION - The market has already crested, and is beginning to roll back. Several stocks have already started their downward cycle, shifting from BULLISH to BEARISH.  Check the stocks listed below. (Also, see the DISCLAIMER at bottom of text.)

Tuesday, Oct 27, 2009  (U.S.  7AM EDT)

Based on yesterday’s closing bell, hypothetically, IN MY OPINION, the following Dow stocks have entered SELL Signals using my criteria – and are ICE COLD :   (Read the DISCLAIMER at the bottom of the text.)

Sell Signals:

10/23 – BA  @ $50

10/23 – BAC @ $16.50

10/23 – GE @ $15.25

10/26 – HD @ $26

10/26 – IBM @ 120

10/26 – JNJ @ $60

10/26 – JPM @ $44

10/26 – T @ $25.50

10/26 - WMT @ $50

VZ (Verizon) has been in a “unique” downward cycle for quite some time.

The strongest stocks of the Dow are still CAT, MCD, MMM, MSFT, TRV, UTX, and XOM.

I expect to see them falter shortly, as well.

The rest of the Dow stocks fall somewhere inbetween, with the exception of INTC, KFT, KO, and MRK – all of which are VERY close to entering the sell zone.

IN MY OPINION :

The time for “caution” is behind us. It’s now the time to SELL – and then begin to look for re-entry points among the strongest stocks, when the decline is over.

There are a number of other stocks that I review on my market letter, including Yahoo, Google, eBay, and the various HOT and COLD Sectors of the Economy.

It pays to STAY AHEAD OF THE CROWD.

CAVEAT :  As all chartists know and expect, trends can change directions on a dime. Consult your broker or financial advisor before taking any action.  You are responsible for your own trades. These are merely my opinions of the market, thus far.

STAY TUNED !

Jack

Log in for a more complete listing of stocks and market activity at http://www.fburg-online.com

Stay current – and “STAY AHEAD OF THE CROWD !”