Saturday, January 31, 2015

Kevin Drum admits ObamaCare is a cost to the middle class, not a benefit

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Here  in Mother Jones last November: [N]early all [ObamaCare's] benefits flow to the poor. ... winners are those with household ...
Friday, January 30, 2015

So, Libya was really Hillary's war, and more broadly the women's war, not Obama's

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From the first part of an investigative report, here , which details that there were secret recordings between Gaddafi's son and none ...

Dang, Romney says he won't run

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Now who will stop Jeb?
Thursday, January 29, 2015

Secretary of State John Kerry who served in Vietnam fined $50 for not shoveling snow at his Boston residence

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Story here : Boston city officials issued a ticket to Kerry’s home for neglecting to shovel his sidewalk on Thursday, according to C...
Wednesday, January 28, 2015

Hm: Obama makes it to Arabia within 4 days of the king's death, but couldn't pull off DC to Paris for Charlie Hebdo

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King Abdullah died on the 23rd, on which he was immediately buried, and Obama scurried from India to Saudi Arabia by yesterday, the 27th...
Tuesday, January 27, 2015

Obama is still a rookie after 6 years in office: drops proposed tax on 529 plans after massive blowback

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CNBC reported the story  here . Evidently the White House realized the idea was a non-starter when someone explained that the 529 pl...
Sunday, January 25, 2015

Analyst says oil price plummet primarily driven by OPEC abandoning swing producer role

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Dirk Leach, who also credits the rising dollar but not to the extent others have, here : "Now that OPEC has abdicated their role ...
Saturday, January 24, 2015

Obama wants to tax 529 plans, 53% of which are owned by those making less than $100k

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So reports The Wall Street Journal here  about Obama's latest attack on the middle class: "The average account balance [of 52...

The dollar has surged 2.26% since Wednesday to trade at 95 this morning

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The dollar hasn't traded at 95 since late 2003. Much more of this dollar strength is due to the continued improving fiscal condi...

Strange fact of the day: Both General Lee and MLK Jr. were born in January

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Born January 19th Born January 15th
Friday, January 23, 2015

Likely primary voters prefer Mitt Romney to Rubio and Bush in latest Zogby poll

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Bank Failure Friday: The Second of 2015

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Highland Community Bank, Chicago, Illinois, failed tonight, costing the FDIC $5.8 million. This is bank failure number two in 2015.

S&P 500 market capitalization/GDP ratios the years before plus-20% crashes

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http://www.advisorperspectives.com/dshort/commentaries/CAPE-at-Market-Peaks.php 1955: 104* 1956: 101 1957:   84 1960: 107 1961: 12...

Oh the horror: Did you know the personal saving rate INCLUDES IRA and 401(k) contributions?

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The annual average of the rate is shown. Then how come the personal saving rate has been in steady decline since 1974 when IRAs were f...
Thursday, January 22, 2015

Hey Obama! Tell me how we get to yes . . .

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. . . for life!

Jobless claims so far in 2015 are running 6.25% below the same period in 2014

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First time claims for unemployment have averaged 450,000 per week in the first three weeks of January 2015 compared to 480,000 per week in...
Wednesday, January 21, 2015

Expect the opposite: Obama says "The shadow of crisis has passed"

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If you like your insurance you can keep your insurance. Iraq is secure. If you like your doctor you can keep your doctor. Al-Q...

Looming global financial catastrophe: Anglo-Saxon pioneers of QE have yet to pay its price

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William White, former chief economist to the Bank for International Settlements, quoted here : Those who argue that the US and the U...
Tuesday, January 20, 2015

Obama's $500 tax relief is so George W. Bush 2.0

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Obama is to announce tonight not even inflation-adjusted George W. Bush-type tax relief to middle class families, as reported here , but...

Paris to sue Fox News for insults: "Free speech for me but not for thee"

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Charlie Hebdo gets to insult every religion and every follower of same, but don't you dare insult Paris! Story here .