Outlook From the Bond King – CNBC.com

Mohamed El-Erian of Pimco on the future of the economy….

a PRIVATE SECTOR LED ECONOMY to reduce unemployment he advises, gee what a novel idea!! Notice the yields on the 10 yr Mohamed references….

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May 27, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , , . Economy, Finance, Labor Department, Obama Administration, Politics, Taxes, Uncategorized, Unemployment Statistics, Wall St. Comments off.

GDP plummets 6.1% in 1Q…

(more…)

April 29, 2009. Tags: , , , , , , , , . Economy, Finance, Obama Administration, Politics, Uncategorized. Comments off.

Tea Party – Govt Spending Debate: Santelli, Liesman, Kudlow

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For the Rickster, Learning to Drive the Long, Long Trailer:

Courtesy of appaulledwilly:

Here are 2 Approaches on learning how to drive “The Long Long Trailer”

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April 15, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , . Comedy, Economy, Film, Housing, Obama Administration, Politics, Popular Culture, TARP, Taxes, Uncategorized, Wall St. Comments off.

Sen Gregg on how Obama Budget will Raise Taxes

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Airtime:
Wed. Apr. 15 2009 | 5:17 AM ET

Insight on what the Democrats’ budget will do to taxpayers who are already struggling, with Sen. Judd Gregg, (R-NH)

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April 15, 2009. Tags: , , , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Taxes, Uncategorized, Wall St. Comments off.

Update: American Legion Responds…The Criminalization of Politics and Free Expression Has Begun…..

MM has the response to the DHS report from the American Legion, which objects to the characterization of veterans as potential radicals…

…In spite of this incomplete, and, I fear, politically-biased report, The American Legion and the Department of Homeland Security share many common and crucial interests, such as the Citizen Corps and disaster preparedness. Since you are a graduate of New Mexico Girls State, I trust that you are very familiar with The American Legion. I would be happy to meet with you at a time of mutual convenience to discuss issues such as border security and the war on terrorism. I think it is important for all of us to remember that Americans are not the enemy. The terrorists are….

From AceHQ and MM:

The report, “Rightwing Extremism: Current Economic and Political Climate Fueling Resurgence in Radicalization and Recruitment”, was made available April 7 and then posted by the Liberty Papers.

DHS tends to paint with a rather broad brush. From pages 3 and 4:

Rightwing extremists are harnessing this historical election as a recruitment tool. Many rightwing extremists are antagonistic toward the new presidential administration and its perceived stance on a range of issues, including immigration and citizenship, the expansion of social programs to minorities, and restrictions on firearms ownership and use. Rightwing extremists are increasingly galvanized by these concerns and leverage them as drivers for recruitment. From the 2008 election timeframe to the present, rightwing extremists have capitalized on related racial and political prejudices in expanded propaganda campaigns, thereby reaching out to a wider audience of potential sympathizers.

Try to attend a Tea Party tomorrow, the more Free Expression the better, the sooner the better. All politics ARE ultimately local and the pols will remember they need to be re elected when they see their constituents speaking out against out of control spending…our Constitution protects ALL of our free expression not just ACORN, despite how the new Administration seems to want to reframe us..

Remember the Alinsky method, pick a target, frame it, freeze it. We and our freedom seem to be the target, Guess we are easier to demonize than terrorists for these JUST WORDS tools….

Where are the headbangers? get out to a tea party! where are the. peeps I grew up with in the 80s? Get out to a tea party, Be counted FOR something before you are just a number to the Tax Man and the Acorn nuts both….bring your Boom Box to the Tea Party and get your FREEDOM GROOVE ON!!!!

You know what we need? We need a Jeff Foxworthy-esque video of “You Might Be a Right Wing Radical if”…if you believe in freedom of speech, if you go to Church on Sunday and don’t curse in the sermon, if you believe in the Second Amendment, if you support capitalism, .the possibilities are endless…

what a bunch of maroons we have in DC..scary maroons….in the primaries this was the Race Card they played against fellow Democrats, now it is the Radical Card being played against any American AUDACIOUS enough to freely express their views, sadly now the tools who called us racist and are now calling us radicals actually have jobs in this Administration and apparently no adults who have read and support our Constitution are around to restrain their Alinksy techniques..

April 14, 2009. Tags: , , , , , , , , , , , , . Economy, Immigration, Music, Obama Administration, Politics, Popular Culture, TARP, Taxes, Terrorism, Uncategorized, Unemployment Statistics, Wall St. 4 comments.

PIMCO’s Bill Gross sees a new paradigm with redistribution of profits and wealth and a ‘new’ normal…

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PIMCO is one of the managers running many of the programs of the FED, they know of what they speak. Bill here tells us life as we know it is over:

Bond guru Bill Gross sees the unemployment rate jumping to double digits before it improves, and even then the economy will evolve into something we haven’t seen before.”

We’re evolving into a ‘post-levered’ financial economy which will witness intense regulation, and a redistribution of profits and wealth, most importantly, to previously disadvantaged groups, and so that’s the ‘new normal’ that in no way resembles past experience.”

Even WalMart isn’t safe, listen to Bill. I just bought more gold, AEM to be specific.

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April 3, 2009. Tags: , , , , , , , , , , , , , , , , , . Obama Administration, Politics, Taxes, Uncategorized, Unemployment Statistics, Wall St. 4 comments.

March Jobless Claims Released…

UPDATE: 8:30 am EST: The numbers are coming in now..

Hampton Pearson reports…

March-  minus 663,000 jobs, in line with consensus

unemployment rate 8.5%, also in line with consensus, worst number in 26 years

revision downward for January from an initial report of down 655,000 to down 741,000 (an additional 86,000)

No revisions for February (yet, check next month)

Only job gains education and health services (not even govt gained)up 8,000

since Dec 07 (when NABE says recession began) 5.1 million jobs lost, 3.3 million in last 5 months

overall 13.2 million unemployed record since keeping tally began in 1940

April 3, 2009. Tags: , , , , , , , , , . Economy, Labor Department, Obama Administration, Politics, Unemployment Statistics. Comments off.

Glenn Beck: Rep. Manzullo on Geithner Regulatory Power Expansion….

Courtesy of Rep. Manzullo

March 31, 2009. Tags: , , , , , , , , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Uncategorized. Comments off.

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