Archive for January, 2012


Obama eligibility issue will not die but spreads to 6 more states.

January 31, 2012
Posted by clinicalthinker @ 13:11 PM

For a couple of years now the “natural born citizenship” issue has been my political hot topic.

From reading the founding documents it is pretty clear what the term “natural born citizen” means.
A child born under US jurisdiction of two (2) citizen parents.

Why no one in the Government has addressed it in regards to Barack Obama was the question.

Still today the media, primary candidates, political elites BOTH SIDES avoid the subject like the plague.

Is it ignorance or an agenda that drives them?

A big part of the public appear to be stuck in the limbo of “well if this was a real issue why is NO ONE IMPORTANT addressing it”?

I want to drop dead of fatigue when anyone asks that question.
Hell I don’t know!
I could give you about a hundred guesses that probably are accurate somewhere with part of those in charge.

Anyway the bottom line is this issue will not fade into the sunset.
Not as long as there are people who REALLY WANT to abide by the Constitution.

So no matter what the outcome of the Georgia case might be … the fight now moves into Alabama, Tennessee, Arizona, New Hampshire, and even Illinois, Obama’s home political base.

Part of the public is becoming educated.
We all have questions that NEED TO BE LEGALLY sorted out.
Yet SCOTUS remains silent.
WHY?
Are they waiting for Obama to get out of office before they take on the case?
It will reach them sometime for sure.
There literally is not wiggle room for them to go against the founding documents.
The only change that could happen is an amendment to the Constitution.
Perhaps we need that for the future.
None of that bails Obama out of his dilemma he is what he is … a simple “citizen” IF THAT.

The problem for those making the judgments now? They are hooking themselves to treason against the country if they rule wrong. The states are responsible for saying who is eligible to get on the ballot and who is not. They were caught off guard in 2008. Today they are not. They play Russian Roulette with their own futures.

The seriousness of this issue just got kicked up a notch.
Those in charge of vetting Obama have now been thrust into the middle of a dilemma that better be thought out well before decisions are made.
Asses are quickly being dragged into the line of fire.
Who is going to pass go and collect $200 and who is liable to be brought up on charges for dereliction of duty? With a TREASON LABEL and penalty attached.

Definitely an interesting process to watch.

Article II Facts


Congress, a Failure to Communicate

January 31, 2012
Posted by BobRussell @ 10:33 AM

I have spent a lot of time speaking with and listening to the Republican candidates for Oklahoma’s 2nd Congressional District seat being vacated by Dan Boren. Most of them have grand plans for what they are going to do if elected. While I admire them for the time they have put into forming their plans I don’t think they really understand the situation we face as a nation. Our nation isn’t facing political problems first and foremost. Our nation is facing moral and ethical problems of monumental proportions. Our candidates have this and that planned but how will they get anything implemented? I have watched Washington D. C. long enough to know what happens when freshmen legislators get there. Trent Lott said it very succinctly after the 2010 mid-term elections. When asked about the TEA Party candidates elected his response was, “we will co-opt them as soon as they get here”.

How do new members get co-opted? All of their grand plans have to be given the green light by the Speaker of the House before anything happens with them. And how does a plan get the green light from the Speaker? Ah, the strings begin to come out with “well, you help me with this project and I will help you with yours”. The next thing you know our newly elected Congressman is looking for office space close to the powers-that-be, sub-committee and committee seats, that “grand plan” being moved to the front of the line for consideration, etc. The only way to get plum assignments that mean more money, power, and prestige, and to get any action on the grand promises they have made to get elected, is to do as the Speaker wants done. Co-opt accomplished!!! They give-in, give-in, give-in, with the hopes that their turn will come up. It is like the gambler who thinks the next card will be their big strike but it never happens.

Congress is full of grand plans to solve every issue known to man. The problem is the wheeling and dealing from the bottom of the deck, in smoke filled back rooms and behind locked doors, our of the public eye. What is done to address the grand plans is nothing short of bribery, hence moral and ethical issues. Do you remember the movie “Cool Hand Luke” when the guard says, “What we have here is a failure to communicate”? What we have in Washington is a “failure to communicate integrity”. Too many members of Congress are willing to make deal after deal to make a splash back home, to “bring home the bacon” so to speak, or to get some pet project a big money supporter wants done. The problem is that it won’t happen without compromises that go against every moral fiber that should exist in a member of Congress.

Washington doesn’t have a lack of plans; it has a lack of integrity, honor, and honesty. What we need is someone who will go there, not to pass some grand plan that sounds like an answer to prayer, but to bring prayer, honesty, and integrity to a cesspool, or “dismal swamp” as Nancy Pelosi called it. I just heard a speech on the floor of the Senate by Tom Coburn. He talked about the amount of spending, the debt limit raises, and the failure of any kind of reform reaching the floor to be voted on. He chided Senators for talking about problems but never doing anything to stop the runaway spending and duplicate programs. Dr. Coburn Criticizes Congress for Discussing Another Debt Limit Increase While Doing Nothing to Reduce the Deficit, or Cut Duplication & Waste . One area he mentioned had 88 programs dealing with one problem.

Washington is full of men and women trying to find a political answer to a moral and ethical issue. Until we send men and women of strong moral character, with the knowledge of how to garner support for honesty and integrity we are going to continue along the lines we have traveled for many years.

We are trying to find political solutions to moral and ethical problems. We need a congressman with the ability to tackle these areas, not get some grand plan for austerity proposed because it won’t go anywhere. I have seen it time and again.

Washington D. C. was a very Godly town when our founding fathers resided there. George Washington took the bible he swore his oath on to a 2 hour church service immediately after the ceremony, asking God for His blessing over the task at hand. Church services were regularly held in the Capitol rotunda in those days, a time before “the separation of church and state”. If there is any hope of restoring America this is the way it must be done.

If we had 535 men and women like our founders in Washington D. C., America would not be in the spot it is in today. We don’t need a Congress full of “grand plans”. We need members of Congress who have the character, courage, and most importantly, the experience to find moral and ethical solutions to moral and ethical problems. Until this is accomplished we have no hope of solving the political problems.

I submit this in the name of the Most Holy Trinity, in faith, with the responsibility give to me by Almighty God to honor His work and not let it die from neglect.

Bob Russell
Claremore, Oklahoma
January 30, 2012


Newt Gingrich will do immediately if elected President of United States

January 31, 2012
Posted by clinicalthinker @ 3:01 AM

Sean Hannity asks Newt Gingrich what his first actions would be if he were to become President of the United States.

I think it is good to hear from the candidates what they have to say.

You can decide who to support by listening to their own words.


GoDaddy provides sucky service?

January 30, 2012
Posted by clinicalthinker @ 17:39 PM

I was stunned as this story started to unfold before my eyes.

For years (about 15) I have registered my domains at GoDaddy after a terrible experience with another company that somehow dropped a domain that belonged to me.
For all of these years I point people to GoDaddy to register their domains.
All of my domains are registered with them.
That number has ranged from 40 to 60 over the years.
I have never lost a domain, it is easy to manage your sites and the customer service has been excellent.

Today I ran into 2 stories that shed a different light on GoDaddy.

First was the Post & Email website seemed to vanish when their coverage of the Georgia citizenship ballot challenge for Barack Obama took place.
I am registered to re post their material if I so choose and have several times in the past.

From what I can piece together apparently that Georgia vs Obama article probably caused an overload on the GoDaddy server and they (GoDaddy) simply shut the site down without notice. That part is not so bad since most servers have a protection built in for hackers trying to blow out a website (or server) for fun or other agenda.

It has happened twice to this blog and was quickly fixed with great tech services on my server.

What happened next to Sharon Rondeau the owner of Post & Email is not what any site owner wants to experience.
You can read her story HERE:

The GoDaddy problem AT THIS POST IS STILL ongoing.

As if that were not bad enough someone posted a video link that points out GoDaddy supported SOPA.
That was a head spinner.
Anyone with how the internet works behind the scenes should be appalled with this bill.
GoDaddy was not until it lost a bunch of its customers with more ready to leave in the future.

That story can be seen in the video below:

The results for me?
A letter to GoDaddy giving them my thoughts on the matters.
No more GoDaddy recommends to clients, friends and people simply asking my opinion.
If they continue along this POOR CUSTOMER SERVICE path?
My own domains will be moved to a different registrar.


Paul Ryan Talks Budget Plan for 2012 with Chris Wallace

January 30, 2012
Posted by clinicalthinker @ 7:14 AM

Daily it becomes more and more clear the government under THIS PRESIDENT and THE DEMOCRATIC CONTROLLED SENATE is fast headed for a bankruptcy cliff.

The Obama “we have turned this ECONOMY around” … RHETORIC IS A TOTAL CROCK!

You might want to listen carefully to the figures Ryan give on the shortfall we face.
Anyone who can count to 10 understands taxing the rich WILL NOT close that shortfall gap.

“We the people” better seriously consider getting rid of EVERY PERSON in Congress who is not for SERIOUSLY CUTTING SPENDING. Otherwise we will be meeting one another in a breadline some where if we are lucky to find a breadline that is.


Who Got to Matt Drudge and Why?

January 30, 2012
Posted by clinicalthinker @ 5:47 AM

Now Matt Drudge is on the “we think Gingrich is not conservative”?
I was aghast the other night when I heard Ann Coulter say Mitt Romney was THE REAL CONSERVATIVE in the Presidential race for 2012.

I simply passed it off as SHE HAS SLIPPED A COG OR 2.
Maybe because SHE IS A CHRISTY GIRL supporting her guy for what?
VP to Mitt by chance?

Now Matt Drudge is falling sway for this lunacy too?
YOU HAVE GOT TO BE KIDDING ME?

Between Romney and Gingrich the WHO IS THE MOST CONSERVATIVE PRIZE clearly goes to Newt
FOR YEARS AND YEARS.
Personally I have been voting for 50 years as a Republican and conservative.
To my knowledge Gingrich HAS NEVER BEEN ANYTHING BUT CONSERVATIVE.

All of the Romney RHETORIC about how he was Governor in a Democratic run state so HE WAS FORCED to go along with their will?
Sounds like a total crock to me.
Then add to that the explanations for his apparent changes of mind (aka flip flop)?
Sorry folks that is not bipartisan cooperation or unification it is plain and simple CAVING IN … for whatever reason I don’t know or care.

How far do the excuses go before the public who already view Romney as “MILK TOAST” turn him into BURNT TOAST?

How far do the Coulters and Drudges care to go before their credibility is TOTALLY SHOT? The public is looking for THE FACTS not more BLATANT spins and lies from people that were once considered trusted media sources.


Obama Campaign Ad Claims Job Growth

January 29, 2012
Posted by Economics9698 @ 7:22 AM

Obama Campaign Ad Claims 22 months of job growth and 3.1 million jobs added

Politicians lie all the time. Voters accept it as part of the job. We hope for perhaps, 70%, or 80%, adherence rate to campaign promises. In the case of Obama , maybe 10%. He delivered on “health care reform” and “finance reform” for his base but little else.

And the political ads…

Yes we expect lies in political ads as well. But the one about 22 months of job growth caught my eye. It claims 22 months of private sector job growth, which is correct, 106,772,000 to 109,928,000, but there is quite a bit of information missing that would put our job picture into proper context. The private sector growth was an anemic 1.5% annual rate. The population grew at a 1.5% rate in that time, so what have we gained?

What the ad does not show is that the total private industries employment is down from 115,610, or 4.9%, from January 2008. We are still in a jobs recession. We are still negative jobs from 2008.

We spent trillions on “shovel ready” stimulus and did not even break even on past economic performance?

I guess not. More like misallocation of resources.

Where is the multiplier?

This is not the genuine jobs picture. This is just one tiny slice of the jobs picture. The total employment level since Obama has entered office has increased from 140,436,000 to 140,681,000, or a total of 245,000 jobs, or a 0.17% increase, or an annual rate increase of 0.05%, well below the population growth rate.

This is what the campaign ad is based on. Not so optimistic when the overall picture is looked at.


And no there was not 22 consecutive months of job growth. Total employment has grown 59% of the time, and declined 41% of the time under the Obama Administration.

A much better barometer to reflect the depression we are suffering would be the civilian labor force participation rate. This indicator peaked out at an annual rate of 67.1 in the late 90s when the federal government consumed 18.2% of the Gross Domestic Product (GDP). Today it is at its lowest level since 1983 at 64.1%, reflecting the federal government increased consumption of the GDP, up to 25.3%.

Bigger government, less jobs. Someday this lesson will be driven home to Americans.

What should be equally disturbing for voters is the real personal disposable income per capita numbers. Per capita disposable income is down from $34,609 to $32,326, 6.6% since May 2008, and down 1.4% since Obama took office.

Total employment level is at best, inconsistent since Obama took office.


Prices, as reflected in the annual producer price index, are up from 171.2 (indexed 1982 = 100) to 200.2, a 16.9% increase. Apparently Main Street is not enjoying the inflationary boom going on, but hidden so well in the official consumer price index numbers. If one did not know better one would suspect a transfer of wealth from Main Street to Wall Street and government elites.

The GDP has increased from $12.6632 Trillion (chained 2005 dollars) to $13.4224 trillion, a 6% increase, or 2.2% annual rate, so why is real disposable income down 1.4%? Certainly we are not in a recession, right?

We are in a recession, the good part of the recession, the part where the crazy uncle runs out to Wal-Mart and buys a bunch of crap from China to sooth the pain of dad losing his job.

The Civilian Labor Force Participation Rate is the Lowest Since 1983 due to bad economic policies

What has been happening is with the money creation, and inflation, capital users, contractors, manufacturers, retailers, have been given false signals that income is growing, and have been spending accordingly. They are tricked into spending resources into the economy that are not needed.

The inflation is hiding the real decline in the economy, and capital producers will realize this overexpansion sooner, or later, and the contraction will occur. Some say this correction in “profits” and “expansion” is already happening. When the capital users realize they have over expanded more layoffs will occur. There will be no other alternative without genuine economic growth.

This is where we are, January, 2012.

An inflationary economy is transferring wealth from the middle-class to the elites and government. Most Americans lack proper economic education to understand why this is happening and the prospects of dictatorship have increased dramatically.

We have an economy not producing real job growth with the very real possibility of more job losses in the near future.

There is more debt, more government, and in my opinion three months overdue for a massive deleveraging and correction.


What happened down in Georgia?

January 27, 2012
Posted by clinicalthinker @ 10:30 AM

As much as Obama supporters or the US citizen ignorant of the “NBC” definition want to bury their heads in the sand … that pesky little issue of “natural born citizenship” WILL NOT GO AWAY.

Nor will it until it finally creeps its way into the Supreme Court for settlement.

For anyone willing to take the time to look into the congressional records of THAT TIME it is clear that “natural born citizen” is clearly defined as a child born IN THE US of PARENTS who are citizens thereof.

That very simple “term definition” from John Bingham (author of the 14th ammendment) found in … 39th Congress Senate and House Debates (December 4, 1865 to July 28, 1866) PP Page 961 of 1920 Page 1291.
Image of that page can be seen HERE.

That says: “[I] find no fault with the introductory clause [S 61 Bill], which is simply declaratory of what is written in the Constitution, that every human being born within the jurisdiction of the United States of PARENTS not owing allegiance to any foreign sovereignty is, in the language of your Constitution itself, a natural born citizen…. . . ”

Anyone looking at that definition WITHOUT BIAS understands it to mean BORN IN THE USA OF TWO (2) CITIZEN PARENTS.

Now it can be argued until the cows come home IF, IF, IF or WHY, MAYBE? … and has been already.
Frankly I do not care who influenced who, how they arrived at or who just plucked the term out of the air.
I only care that they did and it was recorded in simple ENGLISH TEXT for those who can still understand BASIC ENGLISH.

I have yet to find any argument cropping up in Congressional records (for that period) which argues or redefines that specific term “natural born citizen”.

The movement being launched to keep Barack Obama off the official state ballots in election 2012 has began.
Rightfully Judge Michael Malihi has taken up the case, refused the Obama quash requests and ordered him to appear.

The door has now been cracked.
This hearing is a BIG DEAL!
WHY?

It was the first time that a court has accepted arguments on the merits of the controversy over Obama’s status. Obama never met the constitutional requirements to occupy the Oval Office, and the states and Congress failed in their obligations to make sure only a qualified president is inaugurated. His supporters, meanwhile, argue he won the 2008 election and therefore was “vetted” by America.

WHAT A SURPRISE! Obama and his lawyer did not show up.
So now what?
Well the hearing went on without him.
Blow by blow results are below:

By Sharon Rondeau
The Post & Email (site is under maintenance at time of publishing; see The Post & Email for further details on this and other Obama eligibility cases, documentation, and history)

(Jan. 26, 2012) — The court convened at approximately 9:30 a.m. Judge Michael Malihi began by asking those present to stand and reading the last paragraph of Atty. Michael Jablonski’s letter to Brian Kemp, Georgia Secretary of State, “into the record,” commenting that Jablonski was not present at the hearing.

The judge called plaintiff David Welden to stand and asked where he resided and if he were a registered voter in the state of Georgia. Then his attorney, Van Irion, stood and stated that there were three types of citizenship in the United States. He then provided argument on the definition of “natural born Citizen,” referring to Minor v. Happersett.

“The court should recognize that the term ‘citizen” is not ‘natural born Citizen,’ Irion said. “The Minor court’s definition of ‘natural born Citizen’ says ‘parents.’

“In closing, this case is about the Constitution,” Irion said. We’ve shown that Barack Obama’s father was never a citizen…and that means he is not constitutionally qualified…Finally, the defendant was ordered to be here, and I wish to state on the record that that shows not just a contempt for this court…”

Then Irion was interrupted and stopped speaking.

9:54 a.m.: Atty. J. Mark Hatfield stood and stating that he represents Kevin Richard Powell and Carl Swensson. Hatfield mentioned the White House schedule as he saw that it related to Obama’s lack of attendance at the hearing.

Carl Swensson was sworn in at 9:56 a.m. and stated his residence and county. Then Kevin Powell was asked the same. Both were asked if they were able to vote for President of the United States.

Swensson and Powell explained their challenges filed with the Secretary of State’s office to the judge.

Hatfield held up the Certification of Nomination which Nancy Pelosi signed in 2008 to place Obama’s name on the ballot. The judge asked if it was a “certified copy,” and Hatfield answered that it was. He then read from it, stating that it did not affirm that the candidates met constitutional requirements to serve, while the wording from the Republican National Committee for its candidates did contain that wording.

The judge asked if the documents were from a “United States government source,” and Hatfield answered “Yes, sir, they were.”

Hatfield cited Jablonski’s January 25 letter “indicating that they did not want the proceedings to go forward and did not want to participate.” Hatfield also entered into evidence Obama’s book, Dreams From My Father.

Ken Allen, a resident of Arizona, stood to present the documentation he had received from the State Department after submitting a FOIA request early in 2009, which The Post & Email reported on here. He stated that “Barack Obama Sr.” was “never a citizen.”

At 10:09 a.m. someone said, “Let’s take a short break,” and people stood up and began moving around and talking with one another.

At 10:17 a.m., the court was called back in to order.

Atty. Orly Taitz was called upon to speak. The Georgia registered voter whom she represents, David Farrar, stood and identified himself.

Taitz utilized a projector on the wall to the right of the judge as an aid in her presentation. She then stated that evidence existed that Obama possessed Indonesian citizenship, to which the judge was heard by this writer to say, “That’s not relevant.” Taitz then discussed the court’s decision in Minor v. Happersett and was interrupted by the judge, who said, “Counselor, can you save your argument for the closing?” She then stopped speaking.

Mr. Christopher Strunk of New York then went up to the front of the courtroom to testify, and Taitz began to ask him questions about the passport records of Stanley Ann Dunham, one of which contains the name “Soebarkah.” Strunk stated, “She wanted that expunged from her record, but we never got that.”

Susan Daniels, Private Investigator from Ohio, then took the stand, and spoke about her investigation which revealed that Obama had reportedly been using a social security number which she contended had not been assigned to him.

Taitz asked Daniels, “What was the social security number attached to your request?” and Daniels read off “042-68-4425.” Daniels said, “In all my years, I’ve never seen anything like this.” She stated that the person who had originally owned the number had been born in 1890.

“First I ran the social security number to check the address, and the same number came up for him in Massachusetts, Illinois, and Washington, DC. It showed a phone number, and it was always the same number…It would show intermittently ‘August 4, 1961′ and ’1890.’” Daniels stated that she obtained information “directly from the Social Security Administration.”

At 10:30 Mr. Chito Papa took the stand. He stated that he works in the field of Information Technology including Adobe® software.

Taitz asked Papa if the “birth certificate” which “Obama posted online” had flattened layers. ”Did you see one layer or multiple layers? Taitz asked. ”I saw multiple layers,” he answered.

Taitz asked Papa about Obama’s social security number which appeared on his tax return posted on the internet, and Papa stated that the layers had not been flattened. Taitz then thanked Papa for his testimony.

At 10:36 a.m. another witness, Linda Jordan, was called to the stand. Taitz adjusted her Powerpoint presentation by means of a laptop computer and began by asking a question about “E-Verify,” the U.S. government’s system for flagging potential illegal immigrants from working. Jordan stated that she ran Obama’s number through the E-Verify system and said, “When I read it, it was 2011, and it could not verify it. It came back.”

At 10:39 a.m., Douglas Vogt took the stand. Vogt stated that he owns a typesetting company and has been “in the business for 18 years now.”

Taitz asked Vogt if he examined the birth certificate which was posted online, and he said, “Yes, I did.” He stated that “sloping lines” would not be seen if the image had been made from a paper document.

Taitz asked, “Would you expect to see a clear embossed seal on the document?” and Vogt answered, “Yes, I would.” However, he stated that such was not present on Obama’s birth certificate. Regarding the number of Obama’s purported birth record, Vogt stated that “federal regs” require that “all birth certificate numbers have to be sequential, starting on January 1.”

At 10:49, witness John Sampson took the stand. He stated that he has a background in criminal justice, served as a police officer in New York City and worked as an immigration inspector. His background includes working for the INS in the area of “immigration fraud” and he was also a deportation officer. He stated that he has testified in front of “federal grand juries.” He stated that he started his own consulting firm in 2009 and has been self-employed since then.

Taitz asked Sampson about Obama’s social security number, and Sampson said that he “ran” the number 042-68-4425 and that it was assigned to Obama since 1977.

Taitz asked if Sampson had examined the birth certificate, and he said, “Yes.” He raised the issue of the Nordyke twins’ birth certificate, whose numbers were lower than Obama’s even though their birth occurred a day later. He stated that the registrar’s name was different than that on the Nordyke twins’ documents and that it was unlikely that the registrar would have been different in the “same hospital” regarding births one day apart.

Sampson recommended further investigation, including subpoenas and court orders, to obtain more information on the number “042-68-4425.”

Sampson mentioned that Obama has also been known as “Barry Soetoro.”

Taitz asked what Sampson thought needed to be done regarding the questions about Obama’s background, and he recommended asking for an official copy of the SS-5 for his social security number application and the Hawaii Department of Health to see “if he was born in Hawaii.” Sampson stated that an investigation would be “a criminal investigation” through a U.S. attorney’s office. He said that if a person has been found to be impersonating a U.S. citizen, he would be subject to “deportation.”

Shortly thereafter, Sampson’s testimony ended, and Taitz began discussing Obama’s alleged years in Indonesia from 1968-71, during which he was known as “Barry Soetoro.”

“We have another boy who from 1968-69 was in Hawaii,” she said. The judge then said, “Are you testifying? Do you know how?” which brought laughter from the assembly. The judge then said she could discuss the matter during closing arguments. Taitz responded, “I would like to testify,” after which she took the stand.

Taitz stated that “Mr. Obama has resigned from the bar.” The judge asked, “How is that relevant?” Taitz said that it was pertinent because Obama was “hiding his identity.”

“I’m going to ask you to submit your testimony in writing,” the judge said. ”OK,” Taitz said. She then left the stand and spoke from the assembly once again. She stated that “We have clear evidence of fraud and forgery…Mr. Obama has used other last names…” She then stated that of all the lawsuits filed against Obama regarding his eligibility, none were heard on “the merits.” Taitz asked Judge Malihi to order the release of Obama’s records in Hawaii and to hold Obama in “contempt of court” for failing to appear at the hearing.

The judge said, “Thank you” and adjourned the court at 11:12 a.m.

Article II Facts


GDP Numbers Pumped up With Uncle Sam GM Auto Loans

January 27, 2012
Posted by Economics9698 @ 10:11 AM

After Running a Deficit of 10.9% of GDP The GDP Growth Rate is Projected to be 1.7%.

The GDP growth rate is growing at a 2.8% pace, outpacing population growth of 0.7%, but a projected disappointing 1.7% for the year.

Real Per Capita Disposable Income is projected to drop 0.85% for 2011. What this means is that there is more activity in the capital users economic numbers, distorted by Federal Reserve policies of inflating the money supply, than on Main Street where paychecks declined.

Inflation creates false signals of artificial demand and causes capital users to increase demand for inputs when there is no real inflation adjusted demand there. This means they will take on more risk than they would otherwise assume, increasing the probability of a bust in the near future.

Below is a summary from Zero Hedge of the GDP Numbers;

“When commenting earlier on the GDP number we noted that the sellside brigade is about to start coming out with Q1 GDP “warnings” now that inventories will likely subtract between 0.5% and 1% from growth in the current quarter. Sure enough here is Goldman with the first warning saying that “The composition of growth was slightly negative for the Q1 outlook, in our view.” That’s not surprising. What is is that also according to Goldman, the auto sector contributed 0.3% to the overall GDP number. Which means that ex inventories and autos (sold courtesy of NINJA loans provided by Uncle Sam as discussed extensively every month with the release of the Fed’s Consumer Credit number), the US economy grew a meaningless 0.5%! And this in the quarter when the US economy was supposed to be on a tear. We are now fairly concerned that there is an outright chance of economic contraction in Q1.

Real Per Capita Disposable Income, Main Street lost in 2011


From Goldman:

BOTTOM LINE: Q4 GDP growth slightly worse than expected. Compared to our forecasts, details showed more inventory growth, less consumer spending and less business investment.

MAIN POINTS:
1. Real GDP increased by 2.8% (annualized) in Q4, a bit weaker than the consensus had expected. The composition of growth was slightly negative for the Q1 outlook, in our view. Growth in domestic final sales–GDP less inventories and net trade–was just +0.9%, in contrast to our expectations for +2.0%. The weakness reflected: (1) slightly weaker than expected consumer spending of +2.0%; (2) weaker than expected business fixed investment, reflecting a 7.2% decline in structures investment; and (3) a 12.5% contraction in federal government spending on national defense. National defense spending tends to be volatile, and we would therefore discount this component as a signal about the near-term growth outlook. The misses on consumer spending and business investment are arguably more meaningful.

2. Among the other details, inventories increased by $56bn during the quarter, adding 1.9 percentage points (pp) to GDP growth–much more than we had expected. In contrast, net exports actually subtracted 0.1pp from growth. We had forecast a positive contribution from net trade of +0.5pp. GDP excluding motor vehicles increased by 2.5%, implying that the rebound in the auto sector added 0.3pp to growth.

3. The GDP price index increased by just 0.4% (annualized) in Q4, far below consensus expectations for a 1.9% increase. Nominal GDP growth was therefore quite soft at just +3.2%. The core PCE price index rose by 1.1%, slightly above consensus forecasts.”


Is Barack Obama a thin skinned AssHole?

January 26, 2012
Posted by clinicalthinker @ 22:51 PM

Looks like he is.
Apparently Barack Obama was never taught respect is earned it is not simply gifted TO ANYONE.

It has been pretty clear from the start Barack Obama is narcissistic.
Did he step into it this time with a strong finger pointing Governor taking issue with his thin skinned bad behavior over her book entry?
One willing to stand her ground?
Looks like!

Barack Obama knows how to do ONE THING.
CAMPAIGN.
He has done it non stop since he took oath of office.
Was he barked that ANYONE could possibly criticize him?

You might want to notice at 1:44 on the video Leslie Marshall thinks they are both smiling.
Smiling?
Looks like a cat spat to me but you be the judge.

Anyway this time around under the microscope of THE PEOPLE VIA THE INTERNET … no matter which way he squirms he will be caught on tape. The tape will go viral and he will over and over expose himself.

Fortunately with the abundance of video equipment out there nothing much will escape the internet blogosphere.