Please Read these 3 Attached charts before Election Day as well as the Articles on the Economy and ObamaCare Below~
Progressive ‘Hope and Change’ needs to go and needs to be replaced by real hope and real change!!
The Economy… Money… and ObamaCare
· What's Next: Dow 12,000 or Dow 10,000?
Sunday, October 24, 2010 10:12:13 AM · by blam · 31 replies
è Seeking Alpha ^ | 10-24-2010 | David Sterman
What's Next: Dow 12,000 or Dow 10,000? StreetAuthority By David StermanOctober 24, 2010 Four years ago this week, the Dow Jones Industrial Average hit an important milestone: 12,000. A year later, in October 2007, the venerable index moved past 14,000. But by October 2008, headlines blared "Dow 8,000" before eventually bottoming at 7,200 in March of 2009. A furious rebound has the Dow back on the rise, surging +54% in the past 19 months to a recent 11,100. A continued march back to 12,000 is no sure thing, as serious headwinds remain, leading some to expect we'll see "Dow 10,000"...
· QE: The Numberless Oblivion
Sunday, October 24, 2010 12:19:15 PM · by TigerLikesRooster · 3 replies
è Caixin ^ | 10/22/10 | Andy Xie
By Andy Xie 10.22.2010 17:13 QE: The Numberless Oblivion If you print a trillion, I'll print a trillion – and other instances of behavior leading the world toward high inflation and political instability The world seems full of smoke ahead of a world currency war. The weapon of choice is quantitative easing, a.k.a. QE. If you print a trillion, I'll print a trillion. Of course, he and she will too. No change in exchange rates after a trillion? Let's do it again, QE2. If you listen to people like Geithner, the end of the world is quite near. Rich people...
· What's Really the Big Story for Financial Markets Today?
Sunday, October 24, 2010 11:10:51 AM · by blam · 4 replies
Seeking Alpha ^ | 1-24-2010 | Graham Summers
What's Really the Big Story for Financial Markets Today? by: Graham Summers October 24, 2010 You have to read between the lines on this one. Few commentators realize what the BIG story is for the financial markets today. The BIG story is not the mortgage fraud, the corruption, or the computerized trading (although the last one dominates US stock markets’ daily action). No, the big story is the monetary actions of the massively indebted US vs. the credit cooling China. Indeed, while Bailout Ben Bernanke and several of his cronies at the Federal Reserve have been braying for additional QE...
· CBO Confirms: ObamaCare Discourages Work
Sunday, October 24, 2010 12:38:05 PM · by Qbert · 9 replies
è IBD ^ | 10/22/2010 | Jed Graham
Congressional Budget Office director Doug Elmendorf said Friday that ObamaCare includes work disincentives likely to shrink the amount of labor used in the economy. In a speech on ObamaCare’s economic impact outside the health care sector, Elmendorf said that those effects will primarily be related to the labor market and “will probably be small.” Factoring in additional demand for workers in health care and insurance, CBO estimates that “the legislation, on net, will reduce the amount of labor used in the economy by roughly half a percent,” he said. The reason: The expansion of Medicaid and new health insurance subsidies...
· Companies Examine Health Care Law's Effect on Employee Coverage (How's That Hopey Changey Thing?)
Sunday, October 24, 2010 10:23:05 AM · by tobyhill · 4 replies
è Fox News ^ | 10/24/2010 | AP (Yes, AP)
The new health care law wasn't supposed to undercut employer plans that have provided most people in the U.S. with coverage for generations. But last week a leading manufacturer told workers their costs will jump partly because of the law. Also, a Democratic governor laid out a scheme for employers to get out of health care by shifting workers into taxpayer-subsidized insurance markets that open in 2014. While it's too early to proclaim the demise of job-based coverage, corporate number crunchers are looking at options that could lead to major changes. "The economics of dropping existing coverage is about to...
· Turns Out ObamaCare Really Might Undermine Employer Health Coverage
Sunday, October 24, 2010 10:11:49 AM · by GonzoII · 46 replies
è AP via The Blaze ^ | October 24, 2010 | Scott Baker
WASHINGTON (AP) — The new health care law wasn’t supposed to undercut employer plans that have provided most people in the U.S. with coverage for generations. But last week a leading manufacturer told workers their costs will jump partly because of the law. Also, a Democratic governor laid out a scheme for employers to get out of health care by shifting workers into taxpayer-subsidized insurance markets that open in 2014. While it’s too early to proclaim the demise of job-based coverage, corporate number crunchers are looking at options that could lead to major changes. “The economics of dropping existing coverage...
If you are a corporation that does business in the U.S. and in Japan, you now pay 35% in corporate taxes in the U.S. and then 42% in Japan. In fact the US is second only to Japan for corporate taxes in the entire World yet the Feds want to increase it. Add the cost of union labor to that and you don’t even have to ask yourself why we no longer have any major manufacturing in this country and why people are leaving and starting businesses elsewhere instead of in the United States.
If you are planning to vote for the Democrats to retain their power or for Progressive candidates in either party you are voting to continue the pattern and more businesses will leave the US… Take a look at California it is a model for Progressive disaster and Californians vote for Jerry Brown for Governor and to retain Senator Barbara Boxer and House members like Loretta Sanchez and Speaker Pelosi things will only get worse in California as well.
And Voting Is Essential This November, “BUT” voting and not understanding the issues and the history of Progressivism (the belief of the elites in power and the union management in our country) and not doing your homework on the candidates, instead of just listening to the ads and the leftist mainstream media spin, is worse than not voting at all!! Don’t be swayed by the spin… America, your pocketbook and your kids and grandkids can’t afford it!!
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