Archive for the 'Deficit' Category

I Love Santelli!

Santelli Warns: ‘Herd’ Denies Deficit Dangers   Source: (Requires Flash)  View Here

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This had better be a one time contraction or we have the biggest disconnect with markets that we have seen in years. Thank you Ben!

January 30, 2013, 11:16 a.m. ET U.S. Economy Unexpectedly Contracts in Fourth Quarter Private-Sector Hiring Rose by 192,000 in January, ADP Reports By ERIC MORATH and SARAH PORTLOCK U.S. economic momentum screeched to a halt in the final months of 2012, as lawmakers’ struggle to reach a deal on tax increases and budget cuts likely led businesses to [...]

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01/24/2013: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

JUST LETTING YOU KNOW Apple (AAPL) Apple reported their earnings. Earnings were flat, year over year – actually down on a number basis. Revenues were up 18%, a deceleration from quarters before. The stock closed today at 450.50, down 63.51. Being a huge believer in always protecting capital and knowing when maybe something is going [...]

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BEN IS VERY HAPPY

I know. Today was the inauguration of Barack Obama, the 44th President of this great United States of America. It was also Martin Luther King’s birthday. I would love to celebrate also. Seriously…I would. But on this day, $3 billion of new debt was created. On this day, Ben Bernanke printed another $3 billion. On this [...]

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I TOLD YOU SO…PART 10! GIVE THEM ONE…THEY WILL KEEP COMING AT YOU! WAY TO GO BOEHNER!

Sen. Chuck Schumer, D-N.Y., said the U.S. Senate will only fulfill it’s legal obligation to pass a budget if the budget, which has not been passed since 2009, includes new tax increases. “We need a budget,” Schumer conceded on Meet the Press.  “It’s a great opportunity to get us some more revenues to help in [...]

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AND THIS IS HOW YOUR POLITICIANS VOTE…JUST SICKENING TO WATCH THE HYPOCRISY…ON BOTH SIDES!

I could not have done this interview without screaming! Congresswoman Jan Schakowsky (D., Ill.) said past Democratic opposition to raising the debt ceiling was “not real” and “symbolic” Thursday afternoon on FNC: JAN SCHAKOWSKY: And you know – this debt ceiling issue is just crazy. I stand with the Koch brothers right now – NEIL [...]

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MORE AND MORE AND MORE AND MORE AND MORE AND…

The Obama administration issued $236 billion worth of new regulations last year, according to a report from a conservative think tank. The analysis from the American Action Forum, led by former Congressional Budget Office Director Douglas Holtz-Eakin, found that the administration added $216 billion in rules and more than $20 billion in regulatory proposals in [...]

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GOTTA HAVE THOSE DISCO DOLLARS FOR THE LAP DANCES!

They’re on the dole — and watching the pole. Welfare recipients took out cash at bars, liquor stores, X-rated video shops, hookah parlors and even strip clubs — where they presumably spent their taxpayer money on lap dances rather than diapers, a Post investigation found. A database of 200 million Electronic Benefit Transfer records from [...]

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HERE THEY COME…JABBA THE HUT NEEDS MORE!

Democrats say they want to raise as much as $1 trillion in new revenues through tax reform later this year to balance Republican demands to slash mandatory spending. Democratic leaders have had little time to craft a new position for their party since passing a tax deal Tuesday that will raise $620 billion in revenue [...]

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I TOLD YOU SO…AND WOW…THIS IS A MARKET

Ok…I told you so. I am not thrilled at the outcome but it was a gimmee. I take no pride, no solace and no consolation in knowing what was going to happen. You see…when you go to a horse track, you typically make a bet on past performance.   I told you there would be [...]

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