The government's numbers are accurate, reality needs adjusting.
Clip & Save: One bunch is claiming the Dow will climb above 38,000 in an eight year 'super boom' beginning in 2017. But Robert Prechter, president of Elliott Wave International, predicts that the Dow will fall below 1000 by 2016.
Media Slant: The polls showed that 4 out of 5 Americans did not oppose health care reform, but the headline read “1 in 5 oppose health care reform.”
Goose/Gander: Iranian forces crossed into neighboring Iraq and killed 30 fighters from a group it says was involved in last week’s bombing of a military parade. The US was outraged. Meanwhile, Pakistan was similaely outraged that NATO troops have engaged in cross-border raids into their territory.
Now What? Ann Coulter claims that marriage is not a civil right. So, what is it, a religious obligation?
The Beatings Will Continue: The Temporary Assistance for Needy Families – a billion dollar program that has been one of the more effective jobs programs is running out of money. and the tens of thousands on that program will soon lose their jobs. The trouble with temporary jobs and temporary funding is that they are temporary, not actual fixes.
Q&A: Is There Hope for the Rule of Law in America? Don't know, never really been tried.
The Quote: “It’s become patently obvious to anybody with half a brain and a pulse that President Obama’s “progressivism” has more in common with Mussolini’s corporatism than anything remotely connected to a genuinely progressive agenda.”
Confidence, Game: The latest insider selling/buying ratio was 1,411 to 1. Inspiring.
Marketing 101: The US Treasury skipped happily off to market with a basketful of Citi shares, only to find that the market for such was so thin they couldn't find buyers. Rather than try to off-load them and drive the price down, the government will now dole them out piecemeal over a period of time and hope that nobody notices how thin the stock market really is.
Without Comment: Saudi Arabian crude oil output fell 11.3% from 2008 to 2009, while their exports fell 14.4%.
Republican Evolutionary Economics: If they could, the Republicans would repeal not only Obama's health-care reform, but all of LBJ's and FDR's social programs too. It isn't just that they hate government social safety nets, they hate the people who benefit from them. It appears the GOP wants to force people to face the consequences of being born in the wrong place and the wrong time to the wrong parents. Only the fittest should survive, they think. And they think they are the fittest. It's called Social Darwinism. It defies logic and, most importantly, it is cruel.
Truth or Dare: Many banks are now trading at less than their book liquidation value – which suggests that no one much believes their books.
Just In Time: Okay, we're saved. We'll run out of fossil fuels before we completely kill the atmosphere. But you're not going to like the cure if it takes the end of the industrial age to save us from disastrous climate change.
Damned Liberals: The Obama Administration – that famous bunch of bleeding heart liberals – wants all communications services ( Internet chat, emails, BlackBerry, Skype, Facebook and all the rest) to provide them with secret back doors into all communications just as the telephone companies famously did. Good think we got rid of that fascistic totalitarian Bush administration. you make, any financial transaction you make, the Obama Administration thinks nine years after 9/11 is the time to demand such access
Dollars and Scents: The $36 billion 2-year Treasury bond auction came in at 0.441% to cover – a record low. Someone's not afraid of rampant hyperinflation any time soon...