Will The Election Be Decided On October 26?

At 8:30 AM?

Gloomy forecasts from Goldman Sachs...
From James Pethokoukis's article:

Goldman Sachs is turning increasingly bearish on the U.S. economy, expecting the nation to have added only 125,000 new jobs in April, as the effects of a warm winter, which buoyed employment late last year, wear off.
The forecast is far lower than the Reuters estimate of 170,000, and the average 177,250 jobs created every month from December to March. According to a report by the bank’s Chief U.S. Economist Jan Hatzius, the jobs report will be a further sign of a weakening economy, where inventory accumulation has accelerated and final demand growth remains sluggish.
“Real income growth remains soft, partly because of higher energy prices, wealth effects are not yet particularly positive, consumer confidence remains modest, and again some of the recent strength in retail sales probably reflects weather effects,” Hatzius said.

And one strategist believes we will still be "back in the ditch"!

She said she agrees with Goldman economist Jan Hatzius’s forecast of the second half being more “difficult” than the first. “We have seen some deceleration in economic activity” after a mild winter that might have “puffed up” seasonal growth in the first quarter, she said.

I don't think we ever left the ditch. Obama and his cronies have just buried the car that much deeper. It will need a wrecker with a big winch to get this car back on the right road.

Democrats Jumping Ship?

Who can blame them.

Toon via Sodahead

Politics: Perhaps Democrats know something the rest of us don't about Barack Obama's political fortunes. What else explains the increasing numbers who are openly defying the president on two key election issues?

Obamacare sound familiar?

Former Alabama Rep. Artur Davis went furthest. "I think the Affordable Care Act is the single least popular piece of major domestic legislation in the last 70 years," he said. "It was not popular when it passed; it's less popular now."

70 years? That left a mark.
Keystone is key to most of us, Obama not so much.

Obama may have thought he'd cleverly handled the issue by putting it off until next year, and that no one would think to defy his veto threats.

But when Republicans called his bluff with a bill to force a start on construction, 69 Democrats rushed to join them, giving the House bill a veto-proof majority. The Senate bill is just a vote or two away from overcoming a Democratic filibuster.

Veto-proof in the House? A few votes short in The Senate? Obama is about to get sent to the corner.
My gut says there is not a chance in hell Obama can be re-elected in November without massive voter fraud or some sort of shenanigan to stay in power. Martial law/race war/riots or something along those lines. All of which cannot be ruled out, especially with the Justice Dept. run with the creep in charge now.

This Poll Should Worry Obama

The only issue that will matter in Nov.

Voters now have more confidence in presumptive Republican nominee Mitt Romney than in President Obama when it comes to the economy, but on other major issues facing the nation, the two men continue to run nearly even.

The latest Rasmussen Reports national telephone survey asks Likely U.S. Voters whom they trust more on five key issues, and when it comes to the economy, 49% say Romney versus 39% who trust the president more. Twelve percent (12%) are not sure.

Its not the race war he wants, or the imagined war on women, its the economy stupid.

Easter Bunny Blamed For Rise In Unemployment

Jobless claims jump more than expected.

The number of Americans filing for jobless aid rose last week to the highest level since January, a development that could raise fears the labor market recovery was stalling after job creation slowed in March.

President no-fault and his policies can't be involved...

Some economists blamed the Easter holidays for the spike in claims and expected applications to trend lower in coming weeks.

"It's very difficult to know the extent to which that's driven by seasonal effects from Easter or not," said Eric Green, chief economist at TD Securities in New York.

Lovely.

Another U.S. Milestone

Beginning April 1st the United States will have the highest corporate tax rate in the world.

We do not have a revenue problem, we have a spending problem. It is not rocket science.
And that is no April fools joke...

Recovery Summer III

Thanks Barack!

The housing market started off the new year with a thud. Home prices dropped for the fifth consecutive month in January, reaching their lowest point since the end of 2002.

The average home sold in that month lost 0.8% of its value, compared with a month earlier, and prices were down 3.8% from 12 months earlier, according to the S&P/Case-Shiller home price index of 20 major markets.

The President says the recovery is speeding up.
Reality begs to differ.

Liar In Chief (still a liar) Lies Again

I guess that little ditty about fixing the economy in one term was just another lie.
Obama now says this is a eight year project.

We will all be in cardboard boxes, sleeping under bridges if this freakshow gets re-elected.

“This is not a three-year project, this is an eight-year project,” he said Friday night. “So I need you one more time. And we’re confident we can get there, but we’re going to need your help.”

Anyone, I say anyone but Obama 2012.

20% Of America Must Work For Obama

Every one else is no better off or worse off.

The survey finds 20 percent say better today, 37 percent say worse today, and 43 percent say “about the same.”

The other possibility is 20%  of America is insane.

Another Random Act Of Journalism

From CBS even...

Inflation for the masses.

Forget the modest 3.1 percent rise in the Consumer Price Index, the government's widely used measure of inflation. Everyday prices are up some 8 percent over the past year, according to the American Institute for Economic Research.

For those on a budget (obviously not our Government).

The group maintains that this index better measures the real-world impact of price changes, particularly for people on a budget. And, largely as the result of the recent run-up in gas prices, this "everyday price index" (EPI) suggests that Americans are being pinched far more tightly than the official inflation measure would have you believe.

I don't care what the Obama regime says, most folks are struggling far worse now than when he took over.

Ben Speaks Stocks Drop

What? That recovery is not as robust as the henchmen media have told us?

Federal Reserve chief Ben Bernanke characterized the pace of economic growth as “uneven and modest by historical standards” in his semi-annual speech before Congress at 10 a.m. He acknowledged some improvement in the labor market and said that headwinds like Europe and a weak housing market would fade beyond 2012.  The central bank will release it's report on econoimc conditions, known as the Beige Book, at 2 p.m.

Uneven and modest? Or for the common folk, the economy has flatlined...

Another Recovery Summer?

Doubtful...

 New orders for U.S. manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.

Durable goods orders dropped 4.0 percent, the biggest drop since January 2009 when the country was still mired in a deep recession, according to Commerce Department data on Tuesday.

Economists had forecast orders falling 1.0 percent.

Lovely.

The Worst Is Yet To Come?

Economic devastation is coming?

Behind the mainstream Wall Street happy talk about more stable financial markets and an improving economy are grim warnings of tough times ahead from a small cadre of doomsayers who warn that the worst of the financial crisis is still to come.

Until someone gets serious about the massive debt Obama and Congress have piled on the U.S. this is unavoidable.

Gerald Celente: 

"2012 is when many of the long-simmering socioeconomic and political trends that we have been forecasting and tracking will climax," Celente noted in his Top 12 Trends 2012 newsletter. In an interview he added: "When money stops flowing to the man on the street, blood starts flowing in the street."

Lovely.