HOW TO FIND THE MISSING $$$ FROM MF GLOBAL

Today's Wall Street Journal had this story:

Money From MF Global Feared Gone

Nearly three months after MF Global Holdings Ltd. collapsed, officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered, according to people familiar with the investigation.


As the sprawling probe that includes regulators, criminal and congressional investigators, and court-appointed trustees grinds on, the findings so far suggest that a "significant amount" of the money could have "vaporized" as a result of chaotic trading at MF Global during the week before the company's Oct. 31 bankruptcy filing, said a person close to the investigation.

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My suggestion would be for investigators to look for mysterious large deposits in the DNC Campaign Accounts, and in the campaign accounts of each Democrat congressman with special focus on those on the House and Senate Banking and Finance Committees.
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Abbott & Costello on Unemployment

COSTELLO: I want to talk about the unemployment rate in America.

ABBOTT:  Good Subject. Terrible Times. It's 9%.

COSTELLO:  That many people are out of work?

ABBOTT:  No, that's 16%.

COSTELLO:  You just said 9%.

ABBOTT:  9% Unemployed.

COSTELLO:  Right 9% out of work.

ABBOTT:  No, that's 16%.

COSTELLO:  Okay, so it's 16% unemployed.

ABBOTT:  No, that's 9%...

COSTELLO:  WAIT A MINUTE. Is it 9% or 16%?

ABBOTT:  9% are unemployed. 16% are out of work.

COSTELLO:  IF you are out of work you are unemployed.

ABBOTT:  No, you can't count the "Out of Work" as the unemployed. You have to look for work to be unemployed.

COSTELLO:  BUT THEY ARE OUT OF WORK!!!

ABBOTT:  No, you miss my point.

COSTELLO:  What point?

ABBOTT:  Someone who doesn't look for work, can't be counted with those who look for work. It wouldn't be fair.

COSTELLO:  To who?

ABBOTT:  The unemployed.

COSTELLO:  But they are ALL out of work.

ABBOTT:  No, the unemployed are actively looking for work...
                Those who are out of work stopped looking.
                They gave up.
                And, if you give up, you are no longer in the ranks of the unemployed.

COSTELLO:  So if you're off the unemployment roles, that would count as less unemployment?

ABBOTT:  Unemployment would go down. Absolutely!

COSTELLO:  The unemployment just goes down because you don't look for work?

ABBOTT:  Absolutely it goes down. That's how you get to 9%. Otherwise it would be 16%. You don't want to read about 16% unemployment do ya?

COSTELLO:  That would be frightening.

ABBOTT:  Absolutely.

COSTELLO:  Wait, I got a question for you. That means they're two ways to bring down the unemployment number?

ABBOTT:  Two ways is correct.

COSTELLO:  Unemployment can go down if someone gets a job?

ABBOTT:  Correct.

COSTELLO:  And unemployment can also go down if you stop looking for a job?

ABBOTT:  Bingo.

COSTELLO:  So there are two ways to bring unemployment down, and the easier of the two is to just stop looking for work.

ABBOTT:  Now you're thinking like an economist.

COSTELLO:  I don't even know what the hell I just said!
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MY APOLOGY TO B.O....SORTA

I guess I really owe Obummer an apology. The president is an extremely busy man and has much to do to get us back on track. Let's see, he has to play a lot of golf, take several lavish vacations every year, file lawsuits against our states, run guns to Mexican drug cartels, and figure out a way to bypass congress and the will of the people on every issue. Not to mention making basket ball brackets, entertaining celebs and throwing crazy Hollywood style Halloween bashes. How in the heck is he supposed to deal with a pesky Keystone pipeline? Try to put yourself in his shoes for a change if you think its so easy.

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Oh, oh...but wait...I just heard that Rep. Joe Barton (R-Texas) took aim Wednesday at the State Department official dispatched to Congress to explain why President Obama shelved the Keystone XL pipeline – telling her that the U.S. had “fought and won World War II” in less time than the administration had spent weighing the Canada-U.S. pipeline deal.

WTF!   COULD THAT BE TRUE?

“Well, we fought and won World War II in less time than it’s taken so far to evaluate this project,” Barton said. “I mean, with all due respect, it is an insult to the American people to say that you need more time."


 “There are 10 other agencies that have reviewed this project and – correct me if I’m wrong, but my understanding is that the Corps of Engineers approved it, the Department of Agriculture approved it, the Department of Interior approved it, the Department of Transportation approved it, the Environmental Protection Agency – believe it or not – approved it, the Defense Department approved it; the Justice Department approved it, the Homeland Security Department approved it and the Department of Commerce approved it. Only the State Department, which I believe, by law is required to look at the International implications,"  he said.

I guess ObaMao feels that we don't need the 200,000 jobs this project would create.  After all, it's not like they would be government jobs!

I take back my apology....he really is an a-hole!
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OBAMA AND THE SENATE DEMS FAIL US AGAIN BY REFUSING TO PASS A BUDGET

It has officially been 1000 days since the Senate has passed a budget.  Arguably one of the most important functions the Senate has to perform every year .. and they have failed to do this for 1000 days.  And not coincidentally, the Senate has been controlled by Democrats for 1000 out of those 1000 days.  At one point early last year, Senate Majority Leader Harry Reid said that it would be “foolish” for the Senate to consider a budget.

But Harry, It's required by the U.S. Constitution!

 The following facts are from the Heritage Foundation.   Do they seem so “foolish” to you?

• The last time the Senate passed a budget was on April 29, 2009.
• Since that date, the federal government has spent $9.4 trillion, adding $4.1 trillion in debt.
• As of January 20, the outstanding public debt stands at $15,240,174,635,409.
• Interest payments on the debt are now more than $200 billion per year.
• President Obama proposed a FY2012 budget last year, and the Senate voted it down 97–0. (And that budget was no prize—according to the Congressional Budget Office, that proposal never had an annual deficit of less than $748 billion, would double the national debt in 10 years and would see annual interest payments approach $1 trillion per year.)
• The Senate rejected House Budget Committee Chairman Paul Ryan’s (R–WI) budget by 57–40 in May 2011, with no Democrats voting for it.
• In FY2011, Washington spent $3.6 trillion. Compare that to the last time the budget was balanced in 2001, when Washington spent $1.8 trillion ($2.1 trillion when you adjust for inflation).
• Entitlement spending will more than double by 2050. That includes spending on Medicare, Medicaid and the Obamacare subsidy program, and Social Security. Total spending on federal health care programs will triple.
• By 2050, the national debt is set to hit 344 percent of Gross Domestic Product.
• Taxes paid per household have risen dramatically, hitting $18,400 in 2010 (compared with $11,295 in 1965). If the 2001 and 2003 tax cuts expire and more middle-class Americans are required to pay the alternative minimum tax (AMT), taxes will reach unprecedented levels.
• Federal spending per household is skyrocketing. Since 1965, spending per household has grown by nearly 162 percent, from $11,431 in 1965 to $29,401 in 2010. From 2010 to 2021, it is projected to rise to $35,773, a 22 percent increase.

Adding insult to injury, ObaMao told us that he isn’t even going to bother submitting his budget on time.  The law requires him to submit his budget by the first Monday in February.  Instead he just decided that he would do it on his own timetable … as he did in 2009 and 2011 … and submit it later.  

Remember … the only use he could really have for the Constitution would be facilitated if they just printed it on softer paper on six-inch rolls.

Here's an excellent video showing us just how much has happened in the 1000 days since the Democrats last passed a budget.

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ONE YEAR FROM TODAY

Interesting commentary from Neal Boortz

Today is January 20^th. One year from today there will be an inaugural ceremony in Washington. After that ceremony is over the National Mall in front of the Capitol will either be full of trash, or it won’t. If the trash is there you will know that Barack Obama has embarked on his second term. If the people take their trash with them, or actually put it into receptacles, you will know that a U-Haul is waiting to take Obama’s stuff back to Chicago … or Hawaii … or Indonesia … or wherever. If Chicago is the destination perhaps Barack and Michelle will just move in with Bill and Bernadine until their stuff gets there.

If the Obamas aren’t packing up their stuff one year from now, don’t feel sorry for the moving industry. They will probably be better off for it, at least in the short term. It won’t be a huge wave at first, but the reelection of Barack Obama will be the signal to American business that things are going to get no better – and will soon get worse. The age of a dynamic free market economy will be on the way out and the era of a politically controlled command economy will be on the way in. No longer will the private sector and consumers set the course of manufacturers. Those decisions will simply be too important to be left up to simple, uninformed consumers voting with their dollars in the private marketplace. Politicians who have the benefit of studies and government research will be making those decisions. We see how well that worked with the Chevy Volt … just stand by for more.

Barack Obama was raised to despise capitalism, and he has brought that animosity toward the free market into the White House. Obama believes that government is what makes America great. You might think that America’s greatness comes from the dynamic of free people working together in a system based on economic liberty and the rule of law with a minimum of government interference and regulation.

One year from now we will learn whether the road ahead leads to more economic liberty and prosperity, or to more government command and control of virtually every aspect of your life.

The decision will be yours. This isn’t a time for American Idol or (apologies to Chuck and Steak) sports talk radio. It’s a time to pay attention. You owe this to yourself, to your children, and to the people who gave their lives to bring us a free country. 

We’re at the end of our life expectancy. Obama is America’s Dr. Kevorkian. 

Pay attention. 

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Dumbass BO To Make It Easier For Terrorists

Obama is heading to a familiar place today: the land of make-believe. He’ll be at Disney World to push for relaxing tourist visa requirements in the name of boosting the economy.  And there’s one topic at the top of the political wish list for Central Florida’s tourism industry: Visa reform. The tourism industry has been pushing Congress and Obama to make it easier for visitors from emerging nations such as Brazil, India and China to come to the U.S. as tourists.

In case anyone needs reminding, it was the relentless drive of the tourism industry and kowtowing Clinton State Department bureaucrats that led to the Visa Express program — which relaxed visa policies, eliminated in-person consulate interviews, and opened the door to the 9/11 hijackers.

Brazil, may I remind you, is just the latest base for al Qaeda and other Islamic jihadi groups; it “does not recognize Hezbollah or Hamas as terrorist groups and disbanded the Federal Police’s anti-terrorism service in 2009.”

So Pres. DumboEars is once again about to show his stupidity and disregard for citizens safety by promoting even easier Visa requirements so as to make it even easier for terrorists to enter the country. 

What a dumbass!
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WOULD YOU HAVE APPROVED?

“You cannot get the water to clear up….

                until you get the pigs out of the creek.”

Would you have approved?

                *If any other of our presidents had doubled the national debt, which had taken more than two centuries to accumulate, in one year, would you have approved?

                *If any other of our presidents had then proposed to double the debt again within 10 years, would you have approved?

                *If any other of our presidents had criticized a state law that he admitted he never even read, would you think that he is just an ignorant hot head?  Would you have approved?

                *If any other of our presidents joined the country of Mexico and sued a state in the United States to force that state to continue to allow illegal immigration, would you question his patriotism and wonder whose side he was on? 

                *If any other of our presidents had pronounced the Marine Corps like Marine Corpse, would you think him to be an idiot? 

                *If any other of our presidents had put 87,000 workers out of work by arbitrarily placing a moratorium on offshore oil drilling on companies that have one of the best safety records of any industry because one foreign company had an accident, would you have agreed? 

                *If any other of our presidents had used a forged document as the basis of the moratorium that would render 87000 American workers unemployed… would you support him? 

                *If any other of our presidents had been the first President to need a Teleprompter installed to be able to get through a press conference, would you have laughed and said this is more proof of how inept he is on his own and is really controlled by smarter men behind the scenes?

                *If any other of our presidents had spent hundreds of thousands of dollars to take his First Lady to a play in NYC, and millions of dollars on vacations to Cape Cod and Hawaii, would you have approved? 

                *If any other of our presidents had reduced your retirement plan holdings of GM stock by 90% and given the unions a majority stake in GM, would you have approved? 

                *If any other of our presidents had made a joke on the Jay Leno show at the expense of retarded children at the Special Olympics, would you have approved?

                *If any other of our presidents had given Gordon Brown a set of inexpensive and incorrectly formatted DVDs, when Gordon Brown had given him a thoughtful and historically significant gift, would you have approved?

                *If any other of our presidents had given the Queen of England an iPod containing videos of his speeches, would you have thought it a proud moment for America? 

                *If any other of our presidents had bowed to the King of Saudi Arabia, would you have approved?

                *If any other of our presidents had visited Austria and made reference to the nonexistent "Austrian language," would you have brushed it off as a minor slip...or stupidity? 

                *If any other of our presidents had filled his cabinet and circle of advisers with people who cannot seem to keep current in their income taxes, would you have approved? 

                *If any other of our presidents had stated that there were 57 states in the United States, wouldn't you have had second thoughts about his intelligence and capabilities? 

                *If any other of our presidents would have flown all the way to Denmark to make a five minute speech about how the Olympics would benefit him walking out his front door in his home town, would you not have thought he was a self-important, conceited, egotistical jerk?

                *If any other of our presidents had been so Spanish illiterate as to refer to "Cinco de Cuatro" in front of the Mexican ambassador when it was the 5th of May (Cinco de Mayo), and continued to flub it when he tried again, wouldn't you have winced in embarrassment? 

                *If any other of our presidents had burned 9,000 gallons of jet fuel to go plant a single tree on Earth Day, would you have concluded that he's a hypocrite?

                *If any other of our presidents' administrations had okayed Air Force One flying low over millions of people followed by a jet fighter in downtown Manhattan causing widespread panic, would you have wondered whether they actually get what happened on 9-11? 

                *If any other of our presidents had failed to send relief aid to flood victims throughout the Midwest with more people killed or made homeless than in New Orleans, would you want it made  into a major ongoing political issue with claims of racism and incompetence? 

                *If any other of our presidents had created the position of 32 Czars who report directly to him, bypassing the House and Senate on much of what is happening in America, would you have ever approved?    

         

               *If any other of our presidents had ordered the firing of the CEO of a major corporation, even though he had no constitutional authority to do so, would you have approved? 

                *If any other of our presidents had ordered the passage of a national healthcare plan that over 60% of the country opposed and which will bankrupt the country, and then approved exemption waivers for over 550 of his union supporters, would you have approved?

                *If any other of our presidents continued to defend a corrupt Attorney General who openly refuses to indict Black Supremacists and promotes racial division in the country, would you have approved?

                *So, tell me again, 

What is it about Obama that makes him so brilliant and impressive? 

              *Can't think of anything?

                I can’t either!  He's done all this in 34 months –-- so you don’t have that much time to come up with an answer....if you think he should be re-elected.

                Every statement and action in this posting is factual ….. and directly attributable to Barrack Hussein Obama.  Every bumble is a matter of record and completely verifiable.   And the media pounded on George Bush for being a bumbler.  What  humongous hypocrites!

                AND NOW---HE ACTUALLY WANTS US TO RE-ELECT HIM!

                WAKE UP AMERICA….2012 IS UPON US!

"All it takes for evil to triumph is for good men to do nothing."

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WE ARE IN VERY DEEP TROUBLE BUT IDIOT OBAMA IS ASKING FOR ANOTHER $1.2 TRILLION!

Who cares? What time does "Dancing with the Stars, The Bachelorette or Two and a half men come on?".... John Q Public.

U.S. debt is now equal to economy
By Richard Wolf, USA TODAY

WASHINGTON – The soaring national debt has reached a symbolic tipping point: It's now as big as the entire U.S. economy.

The amount of money the federal government owes to its creditors, combined with IOUs to government retirement and other programs, now tops $15.23 trillion.

That's roughly equal to the value of all goods and services the U.S. economy produces in one year: $15.17 trillion as of September, the latest estimate. Private projections show the economy likely grew to about $15.3 trillion by December — a level the debt is likely to surpass this month.

"The 100% mark means that your entire debt is as big as everything you're producing in your country," says Steve Bell of the Bipartisan Policy Center, which has proposed cutting nearly $6 trillion in red ink over 10 years. "Clearly, that can't continue."

Long-term projections suggest the debt will continue to grow faster than the economy, which would have to expand by at least 6% a year to keep pace.

President Obama's 2012 budget shows the debt soaring past $26 trillion a decade from now. Last summer's deficit reduction deal could reduce that to $24 trillion.

Many economists, such as the Brookings Institution's William Gale, say a better measure of the nation's debt is how much the government owes creditors, not counting $4.7 trillion owed to future Social Security recipients and other government beneficiaries. By that measure, the debt is roughly a third less: $10.5 trillion, or nearly 70% the size of the economy.

That is still high by historic standards. The total national debt topped the size of the economy for three years during and after World War II. It dropped to 32.5% of the economy by 1981, then began a steady climb under President Reagan, doubling over the next 12 years. The combination of recession and stimulus spending caused it to soar again under Obama.

Among advanced economies, only Greece, Iceland, Ireland, Italy, Japan and Portugal have debts larger than their economies. Greece, Ireland, Portugal and Italy are at the root of the European debt crisis. The first three needed bailouts from European central banks; Italy's books are monitored by the International Monetary Fund.

The White House and Congress agreed in August to cut about $1 trillion from federal agencies over 10 years. An additional $1.2 trillion in automatic spending cuts looms beginning next year if lawmakers can't agree on a better way to do it.

Economist Mark Zandi of Moody's Analytics says reaching the 100% mark shows "the grave need to address our long-term fiscal problems."
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HAVE YOU EVER, EVER SEEN A MORE "FLUFFIER" MEDIA STORY ATTEMPTING TO SUPPORT THIS FAILED PRESIDENCY?

 This reporter must have got his tongue stuck in ObaMao's ass from kissing it so hard!


The Associated Press January 7, 2012

Obama to promote insourcing of jobs

By KEN THOMAS
http://www.businessweek.com/ap/financialnews/D9S45RQ00.htm

President Barack Obama is highlighting companies that have returned jobs to the U.S. and he says that's one more way of putting people back to work.

The White House plans a forum Wednesday, called "Insourcing American Jobs," that will bring together business leaders who shifted work back home. The president said Saturday in his weekly radio and Internet address that the event will discuss ways business leaders can return more jobs to the country.

"We're heading in the right direction. And we're not going to let up," Obama said on the heels of the government reporting Friday that the unemployment rate fell to 8.5 percent in December.

Obama noted that the jobs report showed the economy added more than 200,000 private sector jobs last month and that more than 3 million private sector jobs had been added during the past 22 months. He said the nation was "starting 2012 with manufacturing on the rise and the American auto industry on the mend."

The president said the U.S. couldn't return "to the days when the financial system was stacking the deck against ordinary Americans," citing his decision to install former Ohio Attorney General Richard Cordray as the director of the new Consumer Financial Protection Bureau while the Senate was on break, circumventing Republican opposition to the appointment.

Obama said his "New Year's resolution" to all Americans was to "keep doing whatever it takes to move this economy forward and to make sure that middle-class families regain the security they've lost over the past decade."

New York Rep. Nan Hayworth, delivering the GOP address, said the jobs report showed the difficulty that many Americans face in finding work. Hayworth said the unemployment rate has remained above 8 percent for 35 straight months, "the longest such stretch since the Great Depression."

"Leaders in Washington should have no higher priority this year than getting our economy back to creating jobs," Hayworth said.

The New York congresswoman said House Republicans would promote small business and reduce government regulation.
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I GUESS DEMOCRATS WILL NEVER CHANGE

Interesting Newspaper article from the archives.  Shows that Democrats don't change much over time.

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HEY, DUMBO-EARS, HERE'S A REFRESHER ON THE ECONOMY

"You didn't inherit this mess from George Bush."

The day the Democrats took over was not January 22, 2009; it was January 3, 2007, the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress.

For those who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this: January 3rd, 2007, the day the Democrats took over the Senate and the Congress:

The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!

January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee. The economic meltdown that happened 15 months later was in what part of the
economy?        BANKING AND FINANCIAL SERVICES!

Bush asked Congress 17 times to stop Fannie & Freddie - starting in 2001 because it was financially risky for the US economy. Barney blocked it and called it a "Chicken Little Philosophy".  And who fought against reform of Fannie and Freddie?   OBAMA and the Democrat Congress, especially BARNEY!  So when someone tries to blame Bush...REMEMBER JANUARY 3rd, 2007....THE DAY THE DEMOCRATS TOOK OVER!"

Bush may have been in the car but the Democrats were in charge of the gas pedal and steering wheel they were driving.

Budgets come from Congress, not the White House.   Democrats controlled Congress since January 2007.  Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011.  For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budget.  Obama was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009. Let's remember what the deficits looked like during that period:

If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.  In a nutshell, what Obama is saying is "I inherited a deficit that I voted for, And then I voted to expand that deficit four-fold since January 20th."

This will not be publicized, unless each of us sends it on.

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"The problems we face today exist because the people who work for a living
are outnumbered by those who vote for a living."

 

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ANOTHER CLEAR EXPLANATION OF THE "OCCUPY" THING

 From where do they find these morons?


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Pelosi's "Donors" Want To Her to Stay? WTF!

Apparently her "loyalty" (i.e. corruption) to her donors (and who are they, anyway?) means more to her than any loyalty/responsibility she may have for the country!  I hope and pray that her "work" is done soon.

BigGovernment.com ran an interview this week with Nancy Pelosi’s daughter, Alexandra, who said that her mother would get out of politics if not for her loyalty to her donors:

She would retire right now, if the donors she has didn’t want her to stay so badly. They know she wants to leave, though. They think she’s destined for the wilderness. She has very few days left. She’s 71, she wants to have a life, she’s done. It’s obligation, that’s all I’m saying.

Alexandra Pelosi later told BigGovernment that she said “greatness” and not “wilderness.” In any case, Pelosi’s office quickly issued a denial:

Nadeam Elshami, a spokesman for the House minority leader, said it’s simply not true.
“This may be wishful thinking on the part of a right-wing blog, but it is totally untrue,” Elshami said. “When the day comes and Leader Pelosi’s work is done, she won’t be announcing it there.”

True. We’ll know Nancy Pelosi’s work is done when she’s announcing her retirement as the country is declaring bankruptcy and being repo’d by China. Hopefully Nancy cuts her daughter some slack though and realizes that her words had to be passed before we found out what was in them.