Wednesday, March 31, 2010

Heads-Up...OR, BOHICA....Whatever....

It is hilarious that the new unemploymet figures will NOT be released on Aril 1 (April Fools Day) but on Friday, April 2.

This may have something to do with the fact that they predicted a "pickup" of 50,000 new jobs in March.

Preliminary reports Wednesday, March 31, indicated a LOSS of at least 23,000.

I cannot help but believe some of these layoffs accompanied the large-scale employers' finding it necessary to write down losses to be incurred under Obamacare, in fulfilling benefits promises to employees...past and present.

Boeing ($150 million) joined AT&T ($1 billion), Deere Inc.,($150 million) Cattepillar, and several other large employers in declaring large cororate exense expectations (writedowns) causded by compliance with Obamacare mandates.

All of these businesses would not be faithful to investors (mutuals and middle class 401Ks) unless they considered winnowing the work force expenditure, where possible.

Therefore, all Americans should attend the employment figures every month and ask the honest reporters at the Wall Streeet Journal, Forbes and Bloomberg:


Especially when "factory orders" are reported increasing, and trade attitudes relaxing.

Maybe Congressman Henry Waxman will find out at his punitive "hearings". But I would not bet the farm. I wager he will "blink". He does not WANT to know the truth.

Incidentally...Has anyone GOT a "farm" any more ???!!!

Sunday, March 28, 2010

Pay Attention..It's Not Just Tea Party Howls !

Many of us tried to warn. Who listened?

Over Saturday and Sunday, several major employers in the United States announced that as a result of punishment and expense in the Obamacare legislatin, they would be forced to write down a total of one and a half billion dollars ($1,500,000,000.00) in order to comply with Security and Exchange Commission Rules.

And, immediately, that stellar left-coast congressman Henry Waxman (just a tad pinker than Castro) annouced punitive "show trials" for the offenders.

The companies faced with dire economic consequences that the CBO, (Congressional Budget Office) failed to address in its "analysis" are: AT&T, Catepillar, Deere, 3-M, Valero Energy, and AK Steel.

Verizon was reportedly preparinmg its "writedown" announcement and will join the other employers at the guillotine-cum-inquisition.

Waxman, who has probably never sweated at manual labor in his life, is just trying to threaten, throttle and blackmail wealth-producers who heretofore provided helth care and prescriptin drug aid for a million hard working, producing families.

You will not read about this unless you subscribe to the Journal, Bloomberg wire service or Forbes magazine. The AssPress will pass.

Until, that is, the socialist demagopgues begin trying to cast the business accountants as "racist" and "anti-immigrant" and "obstructionists".

Like the Tea Party coalition.

So, these producers of wealth who provide paychecks and security for as many families as the present socialist dominated economy will alow...They will be painted as villians by leftwing harangue because they are attempting to protect the investments---and JOBS---of middlel class Americans.

The CBO kinda "hid" from the entire economic cost to the nation.

So Congress will stand the messenger against the wall...and FIRE !