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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (87826)	7/19/2010 8:22:31 PM
From: Sedohr Nod	3 Recommendations Respond to of 224757

Just read a quote in the book "Iacocca" which goes about like this..."It's been said many times before, but it's worth saying again: California is really the mirror into the future." Our massive currency printing presses will probably never print out i.o.u.'s......but that should not be much solace for any of us. We've got to spay & neuter our congress critters.

To: Kenneth E. Phillipps who wrote (87826)	7/20/2010 8:51:08 AM
From: Hope Praytochange	Respond to of 224757

Following the report, Dow Jones Industrial Average futures dropped 84 points, while Standard & Poor's 500-share futures slipped 10 points and Nasdaq Composite futures fell 17 points. Prior to the data, Dow futures had slid 105 points, while S&P 500 futures fell 12 and Nasdaq futures shed 19. Changes in futures do not always accurately predict stock market movements after the opening bell. A cache of big-name companies reporting earnings disappointed investors on Tuesday as second-quarter revenues failed to meet expectations. Goldman Sachs Group sank 2.8% in premarket trading after the bank's second-quarter earnings slid 82% as the giant investment bank was socked by its settlement with the Securities and Exchange Commission and the U.K.'s payroll tax, though adjusted results beat Wall Street forecasts. International Business Machines slid 4.6% after reporting a 9% gain in second- quarter profit, but sales fell short of Wall Street expectations. Texas Instruments' shares fell 6% in post-market trading after the company reported second-quarter revenue and profit just below Wall Street expectations. Standard & Poor's cut its equity rating on the company to hold from buy. Johnson & Johnson's second-quarter earnings rose 7.5% amid slightly higher sales, but the health-care products giant cut its 2010 earnings forecast by 15 cents a share on the ongoing recalls of various over-the-counter medicines. Shares were down 1.7% in premarket trading. idiot odumba took BP $$$$$$$$$$ and destroys pension funds

To: Kenneth E. Phillipps who wrote (87826)	7/20/2010 1:33:27 PM
From: Hope Praytochange	1 Recommendation Respond to of 224757

Lowest Level of Housing Activity Since WW II By Robbie Whelan This morning, the Commerce Department released its data about housing starts, an important economic indicator because new home construction is tied closely to consumer spending and the formation of new family units. The numbers, when taken as an indication of the economy going forward, were not encouraging: Builders are on pace to build 454,000 single-family homes in 2010, only slightly more than the 442,000 that were started in 2009. Including multi-family housing, the government predicts 549,000 new housing units on the year, a 5% decline from last year. To put these numbers in context, the U.S. economy is producing new housing at about one-third the rate it was in 2007 (1.3 million new housing starts), one-quarter of the late-bubble heights of 2006 (1.8 million), and less than one-quarter of the rate of the year with the most frenzied over-building of housing in recent memory, 2005 (2.07 million). Perhaps more alarming is that Wall Street thought things were going to be a lot better. According to the Blue Chip Consensus, a survey of 50 Wall Street economists published by Aspen Publishers, Inc., the Street predicted last November that the homebuilding industry would thaw to the tune of 790,000 new units. In January, that estimate was revised down to 730,000. In June it stood at 690,000. Ivy Zelman, an independent housing analyst with Zelman & Associates in Cleveland, provided us with the below graph, which is an interesting look at the scope of the current building recession as it compares to previous downturns. As you can see, it’s not good. idiot odumba destroys USA day by day

To: Kenneth E. Phillipps who wrote (87826)	7/20/2010 3:35:05 PM
From: TideGlider	Respond to of 224757

Generic Congressional Ballot Generic Congressional Ballot: Republicans 45%, Democrats 36% Monday, July 19, 2010 Email to a Friend ShareThis.Advertisement Republican candidates now hold a nine-point lead over Democrats on the Generic Congressional Ballot for the week ending Sunday, July 18, the widest gap between the two parties in several weeks. A new Rasmussen Reports national telephone survey finds that 45% of Likely Voters would vote for their district's Republican congressional candidate, while 36% would opt for his or her Democratic opponent. Support for Republicans inched up a point from last week, while support for the Democrat fell two points. While solid majorities of Democrats and Republicans support the candidates of their respective party, voters not affiliated with either party prefer the Republican candidate by a 47% to 21% margin. Republicans have led on the Generic Ballot since mid-June 2009, and their lead hasn’t dipped below five points since the beginning of December. Twice this year, they've posted a 10-point lead. However, the results were much different during the last two election cycles when Democrats regularly had large advantages. (Want a free daily e-mail update ? If it's in the news, it's in our polls). Rasmussen Reports updates are also available on Twitter or Facebook. Results for this survey are compiled on a full-week basis and crosstabs for full-week results and generic ballot trends are available for Premium Members only. When President Obama was inaugurated in January 2009, Democrats enjoyed a seven-point advantage on the Generic Ballot. The two parties were very close on the Generic Ballot throughout the spring of 2009, but in June, around the time Democrats began their campaign for health care reform, Republicans pulled ahead for good. GOP candidates started 2010 ahead by nine points. Since the first of the year, Republicans have earned between 43% and 47% of the vote, while Democratic support has ranged from 35% to 39%. Most voters now believe it is at least somewhat likely that Republicans will win control of both houses of Congress in this November’s elections, and nearly half say there will a noticeable change in the lives of Americans if this happens. If Republicans win control of Congress this fall, voters overwhelmingly believe the nation’s legislature should wait until the newly elected officials take office before considering major legislation. Most, however, expect that Democrats will try to pass new legislation before turning over control. Democrats and Republicans in the Nation's Capital have seldom agreed on anything in recent years, and the majority of voters expect things to remain the same. Most also see the president and both parties in Congress as continuing to govern in a partisan way. The notion that governments derive their only just authority from the consent of the governed is a foundational principle of the American experiment. However, just 23% of voters nationwide believe the federal government today has the consent of the governed. Sixty-one percent (61%) now expect the cost of health care to go up under the health care reform law, the highest level of pessimism measured since the law was passed in March. Fifty-six percent (56%) favor repeal. The frustration that voters are expressing in 2010 goes much deeper than specific policies. At a more fundamental level, voters just don’t believe the Political Class is interested in the opinions of ordinary Americans.

To: Kenneth E. Phillipps who wrote (87826)	7/20/2010 11:08:33 PM
From: Hope Praytochange	Respond to of 224757

Message 26698275

To: Kenneth E. Phillipps who wrote (87826)	7/21/2010 9:58:07 AM
From: Ann Corrigan	7 Recommendations Read Replies (2) \| Respond to of 224757

Ken, the Dem congress was in charge of spending for the last 2 yrs of the Bush Adm. The first 6 YEARS were fine. Once LIbs gained control of congress, spending went through the roof. The Pres did not veto it in order to prevent the Dems from with-holding financial support for troops in the field. That's why John Kerry felt compelled to give another lame Lib straddle of a crucial issue, when he foolishly stated "I voted for military funding before voting against it." Reuters today says Obama's spending so far is 4.7TRILLION.

To: Kenneth E. Phillipps who wrote (87826)	7/22/2010 2:39:15 PM
From: JakeStraw	4 Recommendations Read Replies (1) \| Respond to of 224757

Obama's Failing Presidency The stimulus was supposed turn the economy around, limit unemployment to 8%, and prevent a deepening recession. It has accomplished nothing of the sort. The economy is effectively frozen, with business mesmerized by Obama's increasingly frenetic antics. Unemployment is officially above 10%, and in truth much higher. Though commentators keep insisting that we're not in for a double-dip recession, it's apparent to anyone with two eyes that the second slump actually kicked in at the end of Spring. The reasons for this aren't difficult for anybody apart from a government economist to work out. Much of the $860+ billion (simply trying to nail the exact number down is a chore in itself. I've found anything from $787 billion to $866 billion) was awarded to Obama's supporters in the financial industry and the unions, which automatically removed it from any productive use. The remnant was scattered across the country with no rational form of targeting, going to things like earmarks, environmental programs, and affirmative action projects. For all the effect it's had, that money may as well have been taken and tossed into the Marianas Trench. The sole thing that the stimulus succeeded in doing was to remove three-quarters of a trillion dollars from the working economy, where it could have been used for capitalization and hiring, and to pay down debts. americanthinker.com