Editor's notes: I really do not have much to say except, "I told you so !!" Did you know that Obama's Administration is 92% academic, and 8% private sector professionals. These folks know all about political theory, and that does not include the representative democracy that is the United States of America. They know the talking points of Keynesian macro-economics and the belief that you can spend your way out of debt (and, for some reason, they do not believe in God when "God" is much more believable than anything these clowns have posited for the past three years thirty years.
And now, because it is re-election time, they are busy working on one word game after another. There is the assault on religion - "Let's call this the contraception issues." Jobs are a problem so let's talk about a "jobless recovery and see if the people will bite on that." We killed bin Laden, "Let's see if we can use that to convince people that we are the kings of foreign diplomacy."
"We will claim victory in Libya" in spite of the fact that the country has taken a hard right turn into the Muslim Brotherhood. Egypt and those 19 hostages? "Let's just hope no one notices that we paid the ransom of 5 million bucks just to keep this thing quite." About that 1.5 billion we gave to Hamas in Gaza, "Let's call that humanitarian aid and call it a day." Then there is the matter of our shameful treatment of Israel, "Let's just start telling people that we have done more for Israel than any presidency in history and hope the folks are too busy cashing their welfare checks to notice."
Anyway, you get the drift. And the two articles below? They are from CNN. Each deals with additional and separate word games coming out of this Administration.
"Damn CNN !!! The only way we get out of this recession is on the backs of a housing and manufacturing recovery and, now, that bunch of back-stabbing libs are ruining the game for us in these area. "
Debunking
the housing construction rebound.
An ETF of home builder
stocks is trouncing the broader market. But that may not necessarily mean
housing has bottomed. Many of the stocks in the ETF are NOT builders.
NEW YORK (CNNMoney) -- When is a homebuilder not a
homebuilder? When it's in an index of homebuilder stocks, of course!
The SPDR S&P Homebuilders (XHB)
exchange traded fund has surged this year, leading many to speculate that the
housing market has really, honestly, we're not fooling around this time, cross
our hearts and hope to die, bottomed.
The builders ETF is up a stunning 26% already this year. But
here's the thing. A big chunk of the companies in the fund that are doing well
are not really builders.
Shares of Select Comfort (SCSS),
manufacturer of the popular Sleep Number beds, is up more than 50% this year.
It makes up 3.3% of the fund's assets.
The ETF, which tracks the S&P Homebuilders Select
Industry index, also includes many companies that have ties to the housing
market, but whose fortunes may be improving for reasons beyond what's going on
with real estate in the U.S >>>>>>>>
Finish reading here: http://money.cnn.com/2012/03/20/markets/thebuzz/index.htm?iid=HP_River
Debunking
the manufacturing “rebound.”
FORTUNE --
President Obama is becoming the cheerleader-in-chief for the manufacturing
recovery, hitting factory floors to make his case that the fragile turnaround
should earn him a second term. "America thrives when we build things
better than the rest of the world," he told the crowd at a Rolls-Royce
plant in Virginia earlier this month.
But a new
report argues that recent headlines touting a nascent manufacturing renaissance
belie a grimmer reality: The sector suffered a cataclysmic decline over the
last decade and is in much worse shape than most economists will admit.
The report
-- out today from the Information Technology & Innovation Foundation, a
technology policy think tank -- says that measured by job creation,
manufacturers registered their worst performance in history over the last
decade, shedding 5.7 million jobs. As a share of total jobs, that decline is
worse even than the one manufacturing suffered during the Great Depression.
And unlike
the periods following most post-World War II recessions, when manufacturing
helped lead the recovery and jobs lost in the sector were restored in
relatively short order, the vast majority of manufacturing jobs that
disappeared over the last ten years haven't come back -- in the case of the
Great Recession, that number is less than 14%. >>>>>>>
By Tory Newmyer, writer
Finish reading this story here: http://finance.fortune.cnn.com/2012/03/20/manufacturing-rebound-questioned/?iid=HP_River
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