July Jobs Report not as good as it seems

So the July Jobs Report shows a slight increase in net job creation and a decrease in unemployment. If you google "July Jobs report" you'll see headlines like "Recession Fears Ease After Jobs Report" and "July Jobs Grow Slightly". What those articles don't tell you are the facts shown within the report itself. There were 139,296,000 people working in July, compared to 139,334,000 the month before, or a drop of 38,000.

How does that work? The government calls these folks “discouraged workers”, unemployed people who are not looking for work.

These folks are generally not included in the government’s various job measures. This shows how the unemployment figures are largely part of the plan to sugar coat the situation we're in so people will believe a recovery is still in the works. If you were to stick all those people back in the workforce you would wipe out the job creation and the drop in unemployment.

Our current administration, Our President, wouldn't how to create a job to save his life. In his mind creating new government work is creating jobs. The private sector is just another annoyance he must deal with. Those pesky capitalistic entrepreneurs that think they can create jobs if allowed to keep their own money instead of funding the machine known as the Federal Government are only gnats that need to be swiped away.

Cheers,

Mike

Please check out the Sponsors
<<<<<<<<<<<<<<<<<<<

Now John Kerry doesn't want equal time, go figure.

This morning on "Morning Joe", Senator John Kerry said the following,

"And I have to tell you, I say this to you politely. The media in America has a bigger responsibility than it's exercising today. The media has got to begin to not give equal time or equal balance to an absolutely absurd notion just because somebody asserts it or simply because somebody says something which everybody knows is not factual."


"It doesn't deserve the same credit as a legitimate idea about what you do. And the problem is everything is put into this tit-for-tat equal battle and America is losing any sense of what's real, of who's accountable, of who is not accountable, of who's real, who isn't, who's serious, who isn't?"

Keep in mind that this is the very same man who supported the idea of the bringing back the "Fairness Doctrine" that required broadcasters in America to "afford reasonable opportunity for the discussion of conflicting views of public importance."

John Kerry said back in 2007 on the Brian Lehrer show on WNYC, "I think the fairness doctrine ought to be there, and I also think equal time doctrine ought to come back,".

So in other words the left wants to force the networks to cover thier opinion but not the oppessing view point. Is that what fair means?

I always thought that fair meant getting equal treatment. Of course we all know that the fairness doctrine was really a tool to keep conservative views in check from the very beginning. It was never about getting both sides of the story it was about making sure that the left point of view dominated the airwaves. John Kerry is a special kind of hypocrite who doesn't even deserve to be taken seriously anymore. He should retire and write books about battles that never happened.

Cheers,

Mike

Another 513 Point Drop of the DOW

We needed to pass a Debt Deal quick, quick, in a hurry, to prevent the markets from falling.

I guess they were wrong.

After today, the market has lost all of the 2011 gains.

Are you surprised? I'm not.

Cheers,

Mike

Ja Rule goes to Ja Ale & other misc 2nd Amendment issues

LOL, I couldn't help it.

The rapper known as Ja Rule will be siting in prison for the next year or so. You might not mind that some tattooed rapper is going to prison but the same thing could happen to a school teacher, nurse or construction worker who carries a gun because they don't want to be carjacked or raped by someone armed with a gun. What was Ja's crime? In 2007 Rule was pulled over after a concert and the Police found a loaded handgun in the back seat. He was not using the gun to commit a crime but the gun was the crime.  Simply having the gun is a crime that can land you in prison if you happen to live in a statist city like New York where the 2nd Amendment doesn't apply. 

----------

Meanwhile in Chicago, IL, one of the most staunchly anti-gun mayors in the history of our country has requested Armed Protection for life, from the city of Chicago. Chicago's Ex-Mayor, Richard Daley who would prevent all citizens within the borders of the city the right to protect themselves has the Audacity to expect armed police protection for the rest of his life, as a retirement perk. Can you say hypocrite?

----------

A bill prohibiting Florida Doctors from asking patients about gun ownership was signed into law Governor Rick Scott. This has brought out huge outcry from the anti-gun movement who would like to see physicians be able to facilitate the removal of firearms based on health related reasons. Several Anti-gun groups filed a lawsuit seeking to throw out the new law claiming that it violates doctors First Amendment rights. Really? “By severely restricting such speech and the ability of physicians to practice such preventative medicine, the Florida statute could result in grievous harm to children, adolescents, adults, and the elderly,” according to the motion filed Monday in federal court in Miami. I guess firearm ownership is now a disease???

----------

In the rush to pretend that Republicans have scored a victory in the debt limit battle, have you considered this? There are NO SUBSTANTIVE LIMITS on what the "Super Committee" can report. And whatever the committee decides to do is EXEMPT from a filibuster in the Senate and the Speaker's ordinary prerogative not to bring it up in the House. So, take the so-called gun show "loophole." Or the ban on semi-automatics. If the six Democrats can cower a single Republican into going along with these proposals they could become law.


Once a month I will be sharing summarized versions of the latest 2nd Amendment news and ruling. If you want more information on this topic I suggest becoming a member of the GOA (Gun Owners of America). The only no compromise Gun Lobby in Washington, according to Ron Paul.

Don't forget to check out the sponsors

<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<


Cheers,

Mike

Let the spending begin!!!

Now that we have a brand new debt deal the economy should rebound right? Well the very next day the DOW Jones average fell 265 points and gold shot up $40 an ounce. Not exactly the type of reaction one would expect from a debt deal that supposedly was saving us from a catastrophic default.

Just as Washington was announcing the new Debt Deal the Bank of Korea announced the purchase of 25 tons of gold over the last two months. This marks the country's first gold purchase in 13 years. Central banks tend to buy gold when they need to diversify their holdings and are not necessarily market timed. Not only has Korea increased their holding recently but so has Kazakhstan, Russia and Thailand.

Why are they increasing their gold holding? Well I think the answer is simple. The U.S. Dollar is heading into very treacherous territory. The debt deal doesn't solve anything. NOTHING!!! The debt ceiling is going up and spending will continue to rise right along with it. To fully understand what the Congress just did, look at this graph provided by the Cato Institute.

Every single Congressman and Senator who says this deal is a step in the right direction is flat out lying to you.

If they start talking about another round of Quantitative Easing (QE3) remember you were warned. This government will continue to borrow, spend and create money until there is no value left in the U.S. Dollar.

Cheers,

Mike

The Day After, how did the markets react?

So one day after the Debt Deal was reached how did the markets react to the plan that's supposed to save the sky from falling? Gold is up $40 Dollars an ounce and the DOW Jones is down 265 points. How's that for market confidence? Gold is now $1660 per oz. that's another historic high.

Timothy Geithner said, "I'm not sure whether the bitterly fought debt agreement will be enough to avoid a downgrade of the U.S. top-tier credit rating. "

Our Government, our leaders and our President seem hell bent on destroying the U.S. Dollar if it's the last thing they do. Count your lucky stars for the 24 Brave Members of Congress who voted against this plan and prepare for a fight like you've never seen before. If we don't turn this around in 2012 there is no telling how bad things might get.

Cheers,

Mike

BUDGET CONTROL ACT AMENDMENT 8-1-2011

The complete text can viewed here.

The House will be debating this shortly.

The bullet points from the 74 page bill are below.

The deal puts in spending caps like the bill the Republicans passed last week. The caps are worth about $917 billion in cuts over 10 years. Those caps rise from $1.043 trillion in fiscal 2012 to $1.234 trillion in fiscal 2021 they are split between defense and non defense pending.


Leaders in each party and each chamber would appoint three members to a 12-person "Super Committee" that would be tasked with finding $1.2 trillion or more in cuts. The committee would report by Nov. 23, and the bill provides for expedited floor procedures for voting. If they fail to report a bill by November 23 they would lose the special privileges.


If Congress doesn’t act on the "Super Committee" recommendation or if the new law doesn’t meet the reduction goals the difference between $1.2 trillion and whatever is enacted would go into effect. They claim the reductions would be divided equally between defense and non-defense.


The most important issue with the deal is that the debt ceiling will be raised between $2.1 trillion and $2.4 trillion. Obama will get $400 Billion dollars immediately and then he must jump through hoops to get an additional chunk of $500 Billion dollars. Another $1.2 trillion hike can occur when the president requests it but that figure would rise to $1.5 trillion if a balanced budget amendment to the Constitution has been sent to the states for ratification.

I personally do not support anything that allows for the Debt Ceiling to rise again but all early indications are that this bill will likely get approved despite heavy opposition. Ron Paul and a few others have already pledged to vote no. Please continue to contact your Representatives in Congress if you want this measure to fail.

Cheers,

Mike