Consumer Price Index (CPI): unchanged in Jul 2012
Graph & Table
|Source: Bureau of Labor Statistics – “Latest Numbers”
|GOOD ECONOMIC SIGNS
You have to look hard for the good news since it’s bury amid other negative news. But signs are signs.
|Sales Up, Jobless Down – Unexpectedly
Retail Sales Unexpectedly Climb 1%, First Increase in Seven Months…
New jobless claims drop slightly…
Pending home sales rise 6.3% in December – MarketWatch
Oil slides toward multiyear lows…
|CONGRESSIONAL BUDGET OFFICE (CBO) ANALYSES
Budget people at CBO Predict Recession Will End in 2009 Without Stimulus
CBO: Obama stimulus harmful over long haul
World stocks sag on concerns about Obama plans…
Wall Street falls on Geithner announcement…
Stocks plunge as Obama’s government unveils bailout plan
The dollar promptly fell and gold jumped $40 after Geithner said the Obama Administration “believes that China is manipulating its currency”
MAYOR: Obama should apologize for Vegas trip quip…
Obama: Caterpillar will re-hire people if stimulus passes; Caterpillar CEO: No, we won’t
|POLITICIANS INDULGE THEMSELVES BUT EXCORIATES OTHERS
POLITICIANS GIVE THEMSELVES SALARY RAISE…during a recession!!!
Congress now gets paid $174,000 plus perks for working only 3 days per week.
MORE HYPOCRISY FROM WASHINGTON
Politics is a nasty business.
BUT….POLITICIANS CRITICIZE OTHERS
What is Wagyu?
$2,299.99 for 15 lbs
BUT…Obama said to businesses “…there will be time for them to make profits
|● Obama calls Wall Street bonuses “shameful”
Obama said, “It is shameful. And part of what we’re going to need is for the folks on Wall Street who are asking for help to show some restraint and show some discipline and show some sense of responsibility.” (NYT)
|DID YOU KNOW THIS?
How The World Almost Came To An End At 2PM On September 18, 2008
|“KANJORSKI talking about 9/18/2008: On Thursday at about 11 o’clock in the morning the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States, to the tune of $550 billion was being drawn out in a matter of an hour or two. The Treasury opened up its window to help. It pumped $105 billion in the system and quickly realized that they could not stem the tide; we were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there.”
The question is: Who orchestrated the September massive panic?
|WHAT WE DON’T HEAR ABOUT THE STIMULUS PLAN
*50 De-Stimulating Facts
*Budget people at CBO Predict Recession Will End in 2009 Without Stimulus
*CBO: Obama stimulus harmful over long haul
*Why do they call it ‘pork’?
*Democrats’ 40-Year Wish List? (WSJ)
*Stimulus Bill Includes ‘Smart Monitors’…Hello, Big Brother!
*Stimulus to aid illegal immigrants?
STIMULUS PLAN INCLUDES SOCIALIZED HEALTH CARE
|*Cuba’s “advanced” preventive health care?|
|*Australia’s health care is basically broke
*U.K.’ Socialized Health Care:
“In 2006, a U.K. health board decreed that elderly patients with macular degeneration had to wait until they went blind in one eye before they could get a costly new drug to save the other eye. It took almost three years of public protests before the board reversed its decision. ” (Bloomberg)