Saudi Arabia Puts The Screws To The Muslim Sympathizer In Chief

Turki al-Faisal, here, in The New York Times:

Today, there is a chance for the United States and Saudi Arabia to contain Iran and prevent it from destabilizing the region. But this opportunity will be squandered if the Obama administration’s actions at the United Nations force a deepening split between our two countries. ...

American support for Palestinian statehood is therefore crucial, and a veto will have profound negative consequences.


Expect more bowing to Saudi Arabia from President Obama: "Palestinian" statehood based on the pre-1967 borders, despite Israel's right to Judea and Samaria as the spoils of the 1967 war, will not be vetoed by the US at the UN because Obama, well, you know, has a problem with Israel.

The tyrant is but the slave turned inside out.

The Pittsburgh Press, June 12, 1967

The Shiller Price to Earnings Ratio in the News

From Jack Hough for The Wall Street Journal, here:

The plain old trailing P/E—the one that suggests stock prices are normal—is at least based on known earnings, so it's a good place to start in deciding whether stocks are affordable. But it has a flaw: If the past year's earnings were unsustainably high, today's P/E might be deceivingly low.

One fix is to take an average of many years of trailing earnings. Yale economist Robert Shiller advocates using 10 years, adjusted for inflation. His "cyclically adjusted P/E" is 20.8, versus an average since 1881 of 16.4.

Mr. Shiller's measure suggests stocks are a bit pricey, and another signal agrees. According to government statistics, after-tax corporate earnings are near a record high relative to worker wages. In the past, similar readings have foretold sharp earnings drops.

Today, that scenario isn't certain, because companies make more of their money overseas than in the past. "The government data might be a warning," says Mr. Shiller.

So it is time to be cautious, but not necessarily to flee stocks. U.S. ones are priced to deliver long-term inflation-adjusted returns of 4 percent a year, including dividends, reckons Mr. Shiller, about double what the 10-year Treasury bond pays.

FORD Owner 'Chris' Slams Auto Companies Receiving Government Bailouts

As reported here:

"I wasn't going to buy another car that was bailed out by our government. I was going to buy from a manufacturer that's standing on their own: win, lose, or draw. That's what America is about is taking the chance to succeed and understanding when you fail that you gotta' pick yourself up and go back to work. Ford is that company for me."

Chris is obviously referring to the fact that Chrysler got bailed out once before long ago in addition to its most recent bailout, which was also taken by GM.

Memo to Sarah Palin and Michele Bachmann: The auto bailouts are crony capitalism at its worst. Why aren't you talking about that instead of Gov. Perry and Gardasil?

Because you're phonies, that's why!

California Democrat Calls Obama's Mortgage Crisis Responses Abysmal Failures

At TheHill.com, here:

"The administration has been AWOL on this issue," charged Rep. Dennis Cardoza (D-Calif.), "and the American people are suffering because of the mismanagement."

"In my entire political career, I've never seen anything this irresponsible," he added. ...

"I couldn't wait to get Obama in office because I was sure a Democrat would do a better job," Cardoza said, referring to the foreclosure-relief efforts under the Bush administration. "And, frankly, nothing's happened. The programs that were put in place were abysmal failures."

Liberal Bloomberg Makes a Veiled Threat of Violence, Throwing Down the Gauntlet

If a Republican issued these kinds of warnings, liberals like Bloomberg would be calling them the completely inappropriate kind of incendiary remarks typical of right wing extremists:

Mayor Bloomberg warned Friday there would be riots in the streets if Washington doesn't get serious about generating jobs.

"We have a lot of kids graduating college, can't find jobs," Bloomberg said on his weekly WOR radio show.

"That's what happened in Cairo. That's what happened in Madrid. You don't want those kinds of riots here." ...

"Now everybody's got to sit down and say we're actually gonna do something and you have to do something on both the revenue and the expense side."


Typical hypocritical liberal intemperance.

NPR Notices Obama Riffing on Jesus, But Prefers a Different Reference

NPR story here. Ours here.

Nine States and 1.4 Million Votes in 2008 Made Obama President Instead of McCain

That's what we said here about Obama's vote margins way back in 2009, which looked like this:

Colorado 215,000

Florida 236,000

Indiana 28,000

Iowa 147,000

Nevada 121,000

New Mexico 126,000

North Carolina 14,000

Ohio 262,000

Virginia 235,000.

Now others are catching on, especially as Obama's support in those states dries up.

From The Washington Times, here:

Mr. Obama was able to win three years ago mainly because he captured nine states that had gone for Republican George W. Bush in 2004: Florida, Ohio, North Carolina, Virginia, Indiana, Colorado, Iowa, New Mexico and Nevada. Combined, those states will account for 112 electoral votes in 2012.

But with just over a year until the next election, Mr. Obama’s rating has fallen below 50 percent in every one of those states — always a warning sign for an incumbent. In only one state, Iowa, is his approval rating, 48 percent, higher than his disapproval rating, 45 percent.

The key point missing from the article, however, is that Obama turned out a massive Democrat vote in those states, garnering 3.04 million more votes than John Kerry received in 2004, while McCain failed to turn out the Republican vote, receiving nearly 200,000 fewer votes than George Bush did in 2004.

Obama is extremely vulnerable in 2012 for a host of reasons, not the least of which already is enthusiasm.

Why is This Woman Smiling?

Because she's got a boot up your ass, that's why.

Barack Obama Thinks He's Jesus Christ

"But if you love me you've got to help me pass this bill."

-- Obama, here

"If ye love me, keep my commandments."

-- Jesus, The Gospel of John 14:15

Can No One Tell The Truth, Even About The Great Depression?

Seen here:

Between 1929 and 1933, U.S. gross domestic product contracted by around 30%.

Where the hell does that come from?

In 1929 GDP was $103.6 billion. By the end of 1933 GDP had declined to $56.4 billion. That's a decline of over 45 percent, not "around 30 percent."

Matthew Lynn for Marketwatch.com is talking about "the buying opportunity of a lifetime" at the link.

Really? With the Shiller price-to-earnings ratio at 20.43?

The buying opportunity of my lifetime was between 1973 and 1983, when the Shiller p/e ratio rattled around 10, fifty percent lower than it is today. And it just so happens that I didn't have any money to invest in those years like I do today because of a lifetime of saving.

Not even March 2009 was the buying opportunity of a lifetime, when the Shiller p/e fell to around 15.

If you are wise you will keep your powder dry until you see the whites in their eyes, so to speak, when we get to 10. But even then, can you live with yourself if you pull the trigger and then a total market collapse like 1929 brings the p/e closer to 5?

Well, can ya?

Remember the one true thing of Keynesianism: markets can stay irrational longer than you can stay solvent. A decline from 10 to 5 can wipe out 50 percent of what you have.

There is nothing which cannot repeat itself, because human nature does not change.

Rep. Jan Schakowsky (D-IL): Commie Redistributionist, Pure and Simple.

Here she is in her own words, in an appearance with Don Wade and Roma on WLSAM.com, The Big 89:

Schakowsky said that Americans don't deserve to keep all of their money because we need taxes to support our society.

“I’ll put it this way. You don’t deserve to keep all of it and it’s not a question of deserving because what government is, is those things that we decide to do together. And there are many things that we decide to do together like have our national security. Like have police and fire. What about the people that work at the National Institute of Health who are looking for a cure for cancer,” Schakowsky said.

Hey, what about my kid who'd like a hamburger for a change instead of rice and beans, Jan, you ignorant slut, while you and your national socialist pals bail out the bankers with our tax dollars, huh?!

Nearly One Week On Obama Still Can't Find a Democrat to Sponsor His Jobs Bill

Pass this bill! Pass this bill!

But no Democrat has filed the bill in the US House.

Maybe because Democrats went to the mat for ObamaCare in March 2010, and lost big for it in November 2010.

Democrats in the House are obviously letting The One twist in the wind right now because The One did nothing to help them win re-election last autumn. Obama let them twist in the wind while he went on vacation every six weeks during 2010.

To rub the Democrats' noses in it, Republican Rep. Louie Gohmert finally has taken advantage of the lack of initiative and co-opted the bill with one of his own by the same name, as reported here:

President Obama repeatedly asked members of Congress to pass the American Jobs Act last week. But when no Democrat filed Obama’s bill after he presented it to Congress, a conservative congressman swiped the name for his own legislation.

The American Jobs Act introduced in the House of Representatives looks quite different from the version President Obama outlined in his speech to Congress. Instead of hiking taxes on working Americans to pay for another stimulus, Rep. Louie Gohmert’s (R-TX) legislation offers a tax cut.

UPDATE: Gohmert’s bill now has a number. It’s HR 2911.

Democrats can't say Gohmert didn't give them plenty of time, considering the urgency of the matter as put forward by Obama.

The fact of the matter is, when Obama and the Democrats controlled both the House and the Senate and the Executive from the beginning of 2009 into early 2010, it was the Senate which stalled almost everything sent to it by Speaker Pelosi and Company. Hundreds of measures passed by the Democrat House never saw the light of day in the Democrat Senate.

The point is that the problem for "legislative progress" is "structural" as the economists want it. The problem is with the US Senate, no matter which party controls it.

Gov. Rick Perry is wise in recognizing that the problem specifically has to do with who elects the Senate, which is no longer the State Legislatures, the way prescribed by the Constitution.

The consequence of the 17th Amendment is that we now have two legislative houses in competition for mere populist sentiment, which is a recipe for inaction, not action, because the legislative cycle distributes populist urgency differently in the two houses of our legislature. In changing the manner of election in the 17th Amendment, they forgot to change the timing.

As it is, only one third of the Senate is up for election/re-election every two years with the House, which still keeps most of the Senate largely behind the schedule of the mere popular whim, just as the Constitution intended, and the popular whim changes so fast these days that it's usually only a Senator (!) who notices it, and he or she bides his or her time, knowing popular whim will be forgotten in two years' time, or four. Better to wait and catch the next wave, which will doubtless be different.

Obama should be so smart.

To Whom Do You Go To Get The President Declared Incompetent?

Here he is today, blinded by his narcissism:

"But if you love me you've got to help me pass this bill."

What bill?

He keeps waving it around but the US House still doesn't have it.

Incompetent FBI Under Obama Again Raids an Incorrect Address

This time they got a CBS News employee's house by mistake.

Oops.

Story here.

Which Republican Woman is Desperate, Ambitious and Egotistical?

Sarah Palin, right?

No, that's The Ace of Spades on Michele Bachmann, crying "Bullshit!" on her anti-vaccination critique of Gov. Rick Perry, here:

Michelle Bachmann is desperate. She's an ambitious, egotistical woman who started running for President just two short years after she first ran for Congress. In the past two months her support went from 13% and rising to 4% and falling.

That's funny, Sarah Palin keeps launching salvos in the direction of the declared Republican candidates but keeps playing coy about her own candidacy, imagined she could resign her governorship and remain credible with the Republican rank and file, and plays the kingmaker in races all over the country on the basis of the thinnest of records of public service all the while touting that record as twenty years in public life, mutilating sweet reason all along the way.

Sounds pretty egotistical, ambitious and desperate to me.

The Republican Party still doesn't have its Margaret Thatcher. More like a pair of Molly Hatchets.

Depression of 2008-2009 Devastates Male Incomes to Levels Lower Than in 1978

And compared to the men, women still make 77 cents on the dollar.

Female participation in the workforce today merely keeps the household income picture from looking as bad as it could, but no one seems to reflect on the social costs to the country at large and to the children not raised by a parent in the home. Nor do many appreciate the massive cheapening of the worth of all labor which their participation necessarily caused starting in the 1970s.

What on earth was improved by nearly doubling the workforce and halving the income? The American family? In truth the only thing which was improved was the corporate bottom line, and the investor class which it rewarded.

And often the price was having a smart-mouthed, ungrateful, unemployed 26-year old college graduate still living in the basement trying to figure out how to pay off the college loan between bong hits. Imagine that person ever growing up, flying straight and voting for anything worthwhile except for goodies from Uncle Sam.

If the working women of America really wanted to change something, they'd unite . . . and go home.  

The data were reported here in The Wall Street Journal:

The income of the typical American family—long the envy of much of the world—has dropped for the third year in a row and is now roughly where it was in 1996 when adjusted for inflation.

The income of a household considered to be at the statistical middle fell 2.3% to an inflation-adjusted $49,445 in 2010, which is 7.1% below its 1999 peak, the Census Bureau said. ...

For a huge swath of American families, the gains of the boom of the 2000s have been wiped out.

Earnings of the typical man who works full-time year round fell, and are lower—adjusted for inflation—than in 1978.

Weiner's Seat in NY-9 Goes Republican for First Time Since 1920s

So says The Washington Post here:

Turner, who ran as a staunch conservative embracing the tea party, will be the first House Republican representing this portion of Queens since the 1920s — a striking departure from its Democratic traditions. This is the district that sent the late Geraldine Ferraro, the Democratic Party’s 1984 vice presidential nominee, to Congress, as well as Sen. Charles E. Schumer, one of the party most consistent liberal voices.

Evidently its Orthodox Jewish vote also was unhappy for some reason.

Sarah Palin's Neurons Are So Cross-Connected She Cannot Produce a Complete Sentence

You may verify the following completely incoherent excerpt for yourself, here:

Michelle Bachmann pointed out that Governor Perry's former chief of staff who then went to work for a drug company who made the drug that would be required of the Texan government to mandate that our young daughters would have to be inoculated against a potential disease from this company that his former chief of staff was lobbying for. That is crony capitalism. 

Here's the translation, in English:

Michele Bachmann pointed out that Governor Perry's former chief of staff went to work for a drug company which made the drug that the Texas government under Rick Perry required our young daughters to receive in order to be inoculated against a potential disease [.]  That is crony capitalism.

Ya got that?


Yes, it might indeed be crony capitalism, if only we understood what the hell you are trying to say, except that even if we did it pales in comparison to the way the Federal Reserve, and the Executive and Legislative branches of our government have conspired to bail out the bankers and big business at the expense of trillions to the electorate. Thanks Newt. Thanks Phil Gramm. Thanks Bill Clinton.


If only any of you had the brains to talk about that, or its twin problem ObamaCare. But no, you decide to criticize someone who's on your side just to score a few miserable points.


While I fully understand how a person of such limited intellectual ability can be awarded a college degree in our culture of decrepitude, what I cannot understand is the enthusiasm which a certain part of the electorate has for this woman. Being able to supply (!) and string together correctly a subject, verb and object should be the last thing on our list of presidential qualifications, but alas, it appears to be first.

The electorate which backs Sarah Palin should know better, and that a substantial part of it does not is the real cause for alarm.

Household Net Worth Through March 31, 2011 Still $7.7 Trillion Off Peak

As reported here on June 9th: [N]et worth was at $58.1 trillion in Q1 2011.

Barocky Road: Ice Cream of the Obama-Spread-the-Depression-Around

"Barocky Road is a blend of half vanilla, half chocolate, and surrounded by nuts and flakes. The vanilla portion of the mix is not openly advertised and usually denied as an ingredient. The nuts and flakes are all very bitter and hard to swallow. The cost is $82.84 per scoop . . . so out of a hundred dollar bill you are at least promised some . . . CHANGE! 

"When purchased it will be presented to you in a large beautiful cone, but after you pay for it, the ice cream is taken away and given to the person in line behind you . . . at no charge. You are left with an empty wallet, staring at an empty cone, and wondering what just happened to you. . . . Are you stimulated?"

Not quite the original Rocky Road, invented in early 1929, given that name subsequently in the ensuing economic depression of the 1930s, the name being an in your face demonstration of the pluck in the American character, as if to say, "Depression? What Depression? We'll eat your Depression and enjoy it, too!"

Today, we can't bring ourselves even to call what we're going through by its proper name.

h/t Chris