There is a difference between the English Embassy and the British Embassy. One has not been around for 100's of years. Someone tell Obama.

(Heritage reporting):  In a press conference this evening (November 29th), [Obama]  referred in stumbling fashion to the “English Embassy” in Iran instead of the British Embassy. One can only imagine the kind of howls of derision that would greet any presidential contender if that kind of basic error were made before, say, the editorial board of the Milwaukee Journal Sentinel. . . . .

In case the president is unaware, England forms part of Great Britain, which also includes Scotland and Wales, though not Northern Ireland, which is part of the United Kingdom. There is no such thing as an “English” embassy anywhere in the world, and there hasn’t been one for several centuries.

Perhaps we shouldn’t be surprised by this latest slip-up by President Obama. After all he recently described France as America’s closest ally, and famously declared that he has traveled to no less than 57 states. But it would be nice . . . . . .

Disappointed in your bank? Move over to a credit union. Here is some free advice from Midknight Review - new and revised.

Financial Protests against Corrupt Banks Help Credit Unions

Talk about a growing national instinct toward greater self-reliance – now these folks have their money in member-controlled, not-for-profit institutions instead of in mega-corporations that nickel and dime depositors at every opportunity. The Credit Union National Association (CUNA) reports that over 40,000 people joined on Bank Transfer Day, bringing $80 million in deposits with them. What's more, credit unions issued nearly $90 million in new loans.

If you plan to transfer your bank account because of bad service, don't like getting hit by fees, or want to teach big-bank cronies a lesson, there are a few things to watch out for so everything goes smoothly...

What Are the Benefits of Joining a Credit Union?

Credit unions offer you a long list of advantages over big commercial banks. Bank Transfer Day wasn't only a move to punish publicly traded banks, it's a clear sign the free market is looking for a better deal, a better service, at a better price.

• Credit unions carry lower maintenance fees and higher interest rates than big national banks.
• The Credit Power Index measures the spread between interest charged to borrowers and interest paid to depositors; the higher the index, the worse for consumers. At the end of July, the index was five and a half points lower for credit unions than for banks, assuring a significant payoff for depositors who make the switch.
• Credit unions are nonprofit. This means that instead of paying out profits to shareholders, the benefits instead flow to their members – the depositors. Publicly traded big banks, which tend to serve hedge funds and pension-fund shareholders. And as the Credit Power Index demonstrates, the banks do so at the expense of the depositor.
• "Credit unions beat banks on deposit rates across the board," confirms Mainstreet.com. The average interest rate on the 12-month certificate of deposit at banks was 0.47% at the end of July. The same product at credit unions offers a 0.73% return – more than 55% higher.
• Over 75% of credit unions offer no-strings-attached free checking. In comparison, only 45% of banks offer the same benefit according to Bankrate.com analyst Greg McBride.
• Deposits at credit unions are insured up to $250,000, just like commercial banks.
• National Credit Union Administration (NCUA) spokesman David Small says many of the nation's credit unions "are in rural areas where there is no other banking option." In other words, credit unions enable communities to be more self-reliant and healthy.

Banks Have Been Losing Customers to Credit Unions
Long before Bank Transfer Day

Believe it or not, nearly one-third of Americans are members of credit unions. With the negative press on banks, the Fed, bank bailouts, bank failures, and excessive, punitive fees charged by big banks, depositors have been steadily moving to credit unions over the past few years. CUNA CEO Bill Cheney says one million members joined credit unions in 2010, and he expects to see that number easily exceeded in 2011.

According to a report in Mainstreet.com, since September 29, 2011, the day that Bank of America announced its $5 per month debit card fee (now rescinded), credit unions nationwide added nearly 20,000 new members each day. The result is approximately 650,000 new credit union members in just a matter of weeks, according to CUNA.

The Mao Christmas tree ornament and the host of radicals we elected into the White House.

This is a picture of an ornament appearing on the Obama Christmas tree on December of 2009.

That face? Chairman Mao, an Asian despot and Communist.

Since that '09 Christmas, there has been a ban on unauthorized pictures of the First Family's Christmas tree.

Anita Dunn

Left, and I do mean Left, is the most radical babe to be employed in the services of any U.S. pr

to this day. She believed that whoever controlled the media and the masses, controlled the political environment. Go to "Read more . . " to see the video of Dunn making her points.esident, and she was Obama's communications chief for the '08 campaign and his first year in office. She actually announced that Mao was one of her two mentors. She set up the policy of media management that is used by Obama,

Cass Sustein has been with Obama since their days teaching at the University of Chicago. He is a committed radical and anti-capitalist who has been made "czar" in charge of the Office of Information and Regulatory Affairs. He believes in a "science" known as "behavioral modification through regulation and has written a book, recently, entitled Nudge. as to the the agency over which he has been placed, the Wall Street Journal had this to say:

In a significant, but little noticed, memo written 10 days after taking office, Mr. Obama ordered up a rewrite of how OIRA goes about its work, the first such revision since 1993. "Far more is now known about regulation -- not only when it is justified, but also what works and what does not," the president wrote. A regulatory review would make use of new tools and would "clarify the role of the behavioral sciences in formulating regulatory policy.

Few of us realized that at the time of his election, our national community organizer had a very detailed and involved plan dealing with a hurried "fundamental transformation of the United States of America." None of us realized that he came to Washington with an entourage of academic reformers in place, ready to go the moment he was sworn in. No doubt, he and and the others had discussed their transformational intent on many occasions, over the years. To demonstrate the extent of the web of influence we elected into the White House, Sustein's wife is a woman named Samantha Power, who is now a foreign affairs adviser to Obama. Elena Kagan, one of Obama's Supreme Court justices confirmed last year by the 110th Marxist congress, hired Sustein while she was Dean of the Harvard Law School. [Elizabeth] Warren, Kagan, Dunn, Sustein, Power, and Obama -- cronies all, and for years.

And the point of this post? Back at the beginning, writing about that Mao ornament? Some have objected to the photo as being fake. I say, who cares - there is no reason to believe that such an ornament would not be found on the Christmas tress, in view of the host of radicals running in and out of the White House. I do believe the ornament was actually on the tree for the simple reason that the single argument I found objecting to the claim is a recent article . . . . . . nearly two years after the original story broke and just when the campaign season is picking up speed.

See Dunn's video talking about Mao and the manipulation of the media at "Read more" . . . . . . .

A big named investor, well thought of in the New York area, absolutely blasts Obama in OPEN LETTER to the King of Class Warfare.

Requisite thoughts: keep in mind the fact that "haves" and "have nots" are words used by socialist and even, communist social reformers. American reformers talk in terms of the "growing divided between the rich and the poor." They almost never speak of the "haves and the have nots." Know this: the later phrase is used a great deal by the Obamanites among us, and is a far more inclusive rhetorical consideration. I believe that Obama is actually trying to ignite the envy of the "have nots." If that is the case, he is not American reformer, for such language is exclusive to social rebellion. Go to the a socialist site and make note of the language used there. Whether Copperman has this in mind or not, he does note the rhetoric of “haves and have nots” as used by Obama. -- J Smithson, blog editor

Omega Advisors, Inc. I Wall Street Plaza • 88 Pine Street • 31 st Floor | New York, New York 10005

Tel: 212-495-5210 | Fax: 212-495-5236

Leon G. Cooperman, C.F.A. Chairman & Chief Executive Officer

OPEN LETTER TO THE PRESIDENT OF THE UNITED STATES OF AMERICA

November 28, 2011

President Barack Obama

The White House

1600 Pennsylvania Avenue, NW

Washington, D.C. 20500

Dear Mr. President,

It is with a great sense of disappointment that I write this. Like many others, I hoped that your election would bring a salutary change of direction to the country, despite what more than a few feared was an overly aggressive social agenda. And I cannot credibly blame you for the economic mess that you inherited, even if the policy response on your watch has been profligate and largely ineffectual. (You did not, after all, invent TARP.) I understand that when surrounded by cries of "the end of the world as we know it is nigh", even the strongest of minds may have a tendency to shoot first and aim later in a well intended effort to stave off the predicted apocalypse.

But what I can justifiably hold you accountable for is your and your minions' role in setting the tenor of the rancorous debate now roiling us that smacks of what so many have characterized as "class warfare". Whether this reflects your principled belief that the eternal divide between the haves and have-nots is at the root of all the evils that afflict our society or just a cynical, populist appeal to his base by a president struggling in the polls is of little importance. What does matter is that the divisive, polarizing tone of your rhetoric is cleaving a widening gulf, at this point as much visceral as philosophical, between the downtrodden and those best positioned to help them. It is a gulf that is at once counterproductive and freighted with dangerous historical precedents. And it is an approach to governing that owes more to desperate demagoguery than your Administration should feel comfortable with.

Just to be clear, while I have been richly rewarded by a life of hard work (and a great deal of luck), I was not to-the-manor-born. My father was a plumber who practiced his trade in the South Bronx after he and my mother emigrated from Poland. I was the first member of my family . . . . . . .

Continue to read here . . . . . . . . .

First Solyndra and now Fast and Furious: Obama interferes with investigations into these two growing scandals.

The Obama Administration has abruptly sealed court records containing alarming details of how Mexican drug smugglers murdered a U.S. Border patrol agent with a gun connected to a failed federal experiment that allowed firearms to be smuggled into Mexico. (Washington Times)

Currently, Eric Holders and, by proxy, Barack Hussein Obama, are under the gun with regard to the Fast and Furious gun running scandal by our own government.

More than 2,200 guns and rifles were sold into the hands of the Mexican Mafia. Virtually all reports tell us that more than 200 Mexican citizens and two Federal agents have been murdered by criminals using these guns. Jamie Zapata and Brian Terry were the two agents killed with these guns. Since that time, the two buds, Holder and Obama, have refused to be fully transparent in the matter, claims otherwise, not withstanding.

Until today, some could have argued for the willingness of the Administration to cooperate with the current investigation coming from the House sub-committee in charge of such things.

But, no more. The Washington Times, a well know Washington DC based newspaper, is reporting the sudden decision, on the part of the Obama Administration, to close all records having to do with this matter, effectively sequestering the public and the media from review of information and documents involved.

Can you imagine not having elected officials looking out for the folks? Obama and his henchmen are running wild, in the halls of Congress. We are hoping Darryl Issa, the man in charge of this investigation, will get to the bottom of this matter.

Understand that Obama has done two things to interfere with this investigation. Two weeks ago, White House documents related to the Solyndra scandal were subpoenaed by Darrel Issa’s investigative committee. Obama simply said “no” to this legal demand. Instead of telling the committee that Obama was going to stand on “executive privilege,” Obama simply told the committee that he did not like the way the demand was written and he was going to ignore it, for that reason.

Now, he is trying to seal the books on Fast and Furious in a blatant disregard for his promise of transparency. The man is a crook. You’re going to vote for a crook?

Related article(s):

Read Judicial Watch. for more on the change in strategy by the White House.

In the Free Republic, relating to Solyndra subpoena we are told " Kathryn H. Ruemmler, counsel to the president, stated officially that the rejection was because the subpoena was a "significant intrusion" into what the President has done in the White House. Her argument, in part, is that Congress has no need to know what Mr. Obama does or why."

Ask your stock broker or fund manager about this advice:

Krispy Kreme Doughnuts. may be have a great investment future after going through tough times.

Crocs Incorported - another company that may provided sustained stock profits.

Natural Gas: Also, think about investing in natural gas. it is selling for around 6 bucks but its future, in a green economy, looks very good.

Tips on planning your stock purchasing future:

Despite what get-rich-quick schemes may claim on television, there is no single investment strategy that will bring instant success. While this means you will need to do a lot more research, it also brings ample opportunity to tailor that strategy according to your personal preferences. With so many options, you may wish there was a clear-cut guide to investing. Here are a few important factors to consider while planning out your unique investment path . . . . . . . . .

Midknight Review, ahead of the reporting curve, tells us that 260,000 private sector jobs were created last week

Tomorrow is the day the Feds report on the previous week's new unemployed applications (for benefit assistance). That number has been under 400,000 for three consecutive weeks. Tomorrow's report may give us the lowest total (perhaps 380,000) in two years.

It is the holiday season and these numbers should be improving. The good news is that they are improving.

My prediction for tomorrow is based on the fact that the private sector created 260,000 jobs, last week, and small business is responsible for 110,000 of that number.

Do we credit Obama's stimulus? Well, his stimulus ran out of money nearly one year ago. No, this is the produce of the American Capitalist System and nothing less.

Why the United States will survive -- that is if the Founding Fathers have anything to do with our continuing history.

"Change our national and historic narrative and you change the very course of this nation, moving us away from what makes us a success as a people of this world to members of a larger world community without a primal and distinctive philosophy that provides for freedom, civil and orderly change, and financial success." This is where we are going with the words of this article.

GDP and Our Nation's Philosophy for Creating Wealth

Our national productivity is measured and reported in GDP quarterly reports. When we averaged the four quarterly reports for 2009 and 2010, we found that our productivity was 0% GDP for each of those two years. Understand that a "2% growth" report, for example, means the economy ("economy" = Gross Domestic Product, GDP or the measure of everything that makes this country money) grew 2% over the previous quarter, unless stated otherwise.

A couple of weeks ago, the Feds reported a 3rd Quarter growth of 2.5% over the 2nd Quarter of .08%. That report was reduced down to an even 2.0% and may wind up being closer to 1.5% before we know the whole story.

"2.5% GDP" is significant and here is why:

We are told (by the "experts" - in this report we will call them "sperts, to save time and publishing effort) that while the economy is producing income at 0.8% or 0.1% or 2.0%, it is not hiring to any measurable degree until the GDP quarterlies come in at 2.5% or higher, for an extended period of time -- two quarters or more.

The first reports for the 3rd Quarter were encouraging. 2.5 % means that we may be on the verge of a period of job growth. But, as of today's revision, that report is not so encouraging.

How do we compare to the World's economies? Or,

What makes this nation the greatest nation in this world?

There are less than 200 nations in our World. The United States produces 14.5 trillion dollars in goods and services each year. There is much reporting, of late, that the Chinese are about to overcome our economy. After all, it is the number two economy in the World, but its total GDP for 2010 was 5.9 trillion, nearly 1/3 of our total. Japan comes in at 5.5 trillion, Germany at 3.3, and the Russian Federation at 1.5 trillion. You can read the full report here.

We are the only nation in the world whose economy type (capitalism) is a structured aspect of governance, so much so that our "form of government" can be defined as a "representative capitalist democracy."

Anyone critical of "capitalism," is critical of our present form of governance, period. All the talk of "the Chinese are coming, the Chinese are coming" is nonsense. It is only the talk of the current crop of radicals running our country. That includes Pelosi, Reid, Barack and Michelle Obama, Schumer, Hillary (I think - maybe not), Van Jones, Elizabeth Warren, Al Sharpton, Senators Dick Durbin (D-Ill) and Patrick Leahy (D - Vermont) , Maxine Waters and all of the Congressional Black Caucus, Jesse Jackson, and many others. The point of their expressed "fears," is to create a climate for radical change that moves us from capitalism to pure socialism. That is what is going on at this time.

One final point: I have no idea what the actual numbers are, but we often hear that the United States has "3% of the World's population but owns 30% of the World's wealth" (again, approximate numbers). The inference is always this: the US is a gluttonous and selfish nation cheating the rest of the world out of what is "rightfully" theirs. But, the contrasting fact is simply that our very form of government accounts for the accumulation of wealth that is typical to our nation's history. That business about "American Exceptionalism?" It is written into our Founding Documents.

Change our national and historic narrative and you change the very course of this nation, moving us away from what makes us a success as a people of this world to members of a larger world community without a primal and distinctive philosophy that provides for freedom, civil and orderly change, and financial success. I am saying that all three of these considerations are the existential results of our particular historicity. . . . . . you can't have "one" without the others. The absolute genius of our Founding Fathers, blue collar intellectuals all, is displayed in their creation of a national construct that not only provided us with a path to freedom with perpetuity, but laid out principles for society change and national wealth.

By contrast and as relates to wealth, freedom and the individual pursuit of happiness, men like Karl Marx and Mao and Lenin and Castro and Hugo Chavez are all morons. Seriously. No nation practicing the philosophies of these men has ever been truly successful as relates wealth creation and freedom. If you have read Mein Kampf or Marx's thoughts on Dialectical Materialism, you will be able to appreciate c;aims for the abject silliness of the Left. There is no intellectual profundity in either of these publications and nothing even similar to the intellectual effort of our Founding Fathers as they debated and put into practice, the realities that have lead to the United States of America.

J Smithson

Blog Editor

Every day, in every way, Obama scores are sadder and sadder.

On the 14th of November, conservatives shuttered at the news: Obama reaches 50% approval. As I suggested at the time, it was only a very small bubble of approval. Understand that he has spent the past 42 days making 54 campaign appearances, all on the taxpayers dime. He is in his fourth rhetorical strategy and has not been able to move the approval needle in his favor.

Date	Presidential Approval Index	Strongly Approve	Strongly Disapprove	Total Approve	Total Disapprove
11/28/2011	-20	21%	41%	44%	54%
11/27/2011	No Polling
11/26/2011	No Polling
11/25/2011	No Polling
11/24/2011	No Polling
11/23/2011	-18	22%	40%	44%	53%
11/22/2011	-19	21%	40%	45%	52%
11/21/2011	-18	22%	40%	46%	52%
11/20/2011	-15	23%	38%	47%	51%
11/19/2011	-18	22%	40%	46%	52%
11/18/2011	-20	20%	40%	44%	54%
11/17/2011	-24	20%	44%	44%	56%
11/16/2011	-19	23%	42%	47%	53%
11/15/2011	-15	25%	40%	49%	51%
11/14/2011	-15	23%	38%	50%	49%

Gallup has Obama at 43%, which is the lowest rating in Gallup's history, for this time in a presidential first term. That includes Carter and Truman. A large panel of banking CFO's were asked to grade Obama's presidency. 75% gave him an F in all areas except for a C on terrorism.

Update: understand that Carter had a 51% approval rating 11 months before Election Day. Obama, as stated above, has 43%. Eight points is huge. Also, Galup reports that he has moved from a 54% approval with Independents to a most recent 30% rating, today. The Independent number, alone, will cost Obama the election. Forget about his newly stated strategy of ignoring the white working class vote (we reported on this yesterday).