Business Summary Links By Day
When
The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook http://albertpeia.com/derivativesmarketcrashtaxpayerbailout.htm
, 20
Signs That Society Is Beaking Down And That America Has Been Overrun By Psychos , http://albertpeia.com/20signsamericaoverrunbypsychos.htm
, Are
The Europeans About To Start The Second Half Of Our Great Depression?
ZeroHedge.com Submitted
by Tyler Durden on 05/26/2012 , Guest
Post: War Pigs - The Fall Of A Global Empire General Douglas MacArthur
understood this danger to our liberty. “I
am concerned for the security of our great Nation; not so much because of any
threat from without, but because of the insidious forces working from within.”
, Guest
Post: U.S.A. 2012: Is This What We've Become? , If Greece Was
California... If
You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16 Reasons To Move Away From
California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , Dave’s Daily: http://etfdigest.com ‘A long weekend allows traders to forget much
of the previous week’s choppy trading and poor overall sentiment. Last Monday
we got our oversold rally and bulls worked hard through the week to keep things
propped near those levels. China
gave bulls hope suggesting a $350 billion stimulus package would be on tap.
This combined with polls suggesting Greeks are favoring the conservative party
lent more hopes that perhaps Greece
will remain in the eurozone. Bulls ignored Spain’s
difficulties because they just weren’t in the mood for anything that didn’t
smack of more QE.Tuesday yielded poor Consumer
Confidence (64.9 vs 69.2 prior) and Home Price Index
leaving prices unchanged. I respect the Consumer Confidence report vs the Michigan
Consumer Sentiment survey more given the latter is skewed heavily to gas and
stock prices while the Consumer Confidence report is more employment focused.
Meanwhile it was reported that home prices nationally dropped 35% from their
2006 highs. (We can exclude penthouse condos in NYC and many homes in the DC
area where as Willie Sutton would say: “That’s where the money is.” The worse
the news becomes, the more bulls are betting on another round of QE from the
Fed and other central banks. It’s the drug of choice even if the results aren’t
long lasting and remain the ultimate Ponzi Scheme.
The key dates ahead are Friday’s payrolls report, June 16th Greek
election and June 20th FOMC meeting results.Earnings
news is about over with only a handful left to report. The sting of the Facebook (FB) IPO remains in the minds of many bettors
investors.Despite the slump in Consumer Confidence
and tepid housing data Consumer Discretionary (XLY) and Homebuilders (ITB)
remained market leaders. Tech (XLK) and Financials (XLF) were also winners.
Commodity markets (DBC) were also mixed to weaker. Gold (GLD) fell once again
and the dollar (UUP) was mostly unchanged. Bond (IEF) prices were mostly flat.Volume was average for the period and breadth was
positive overall. (Generally we use the WSJ data but it seems quite off
tonight.)…’ http://albertpeia.com/dave.htm
,
Forget
the Upcoming Elections… Greece Has Already Proved the Great “Bailout Lie” May 29, 2012 By gpc1981 http://albertpeia.com/alreadygreatgreekbailoutlie.htm , Guest
Post: The National Attack Authorization Act? The notion of a “nuclear
weapons capability” seems like a dangerously low standard. Let us not forget
that Mossad, the CIA and the IAEA agree that Iran does not
have a bomb, is not building one, has no plans to build one. , The
Incredible Irony Of Morgan Stanley's Facebook
Post-Mortem , Europe’s
debtors must pawn their gold for Eurobond Redemption , The
big new thing in gold – capital adequacy ratios , Big
Shift in ECB Balance Sheet a Sign of Banking Stress? , Greek
Euro Exit Aftershocks Risk Reaching China
, Dallas
Fed Index fell to -5.1 in May, vs -3.4 in Apr. , US
consumer confidence plunged to 64.9 in May, well below below
market expectations of 70.0, vs negative revised 68.7
in Apr. , The
euro’s parachute drop has no end in sight 25-May (CNNMoney)
— So much for the euro currency holding up well versus the dollar. The euro has
plunged 5% in the past month. That’s like a 50% move for a stock. Sleepy
currencies don’t often move that sharply in such quick fashion. It wasn’t that
long ago that the euro was hanging in around [...] , Dallara Says Greek Euro Exit May Exceeed
1 Trillion Euros , Waiting
For Godot: Existential Eurocrisis
Edition , Guest
Post: Housing Recovery - Hope And Reality Is there a bottom in housing? It
is entirely possible. However, for all the reasons stated herein, both
financial, economic and psycholgoical, the
"calls" for a housing recovery may be a bit premature. This is
particularly true if our estimation of an economic recession in the next 18
months comes to fruition. The strains on the housing market caused by a
recession will cause a secondary decline in housing. The reality of a recession
is not a question of "if" — it is only a question of "when"
and how bad will it be? , RIMM
Announces Pursuit Of Strategic Options, Retention Of JPM And RBC, Operating
Loss For Q1 , Debt
Divergence Dominates Dull Day Even As FaceBerg Sinks
Deeper , Swiss Debt
Is Now Repaying Itself , On
Europe: "A Willing Lender Of Last Resort May Not Be Enough" , Germany
Has A Generous Proposal To The Broke PIIGS: "Cash For Gold" , FaceBerg , Prematurely
Evacuating The Tispanic? , Facebook Down Most In Week, Under $30 On Heavy Volume A
$29 handle and elevated volume. Chart still shows distinct support level at
zero. Time to flip coins. , Egan
Jones Jars Market Out Of Rumor Hypnosis
, Egan
Jones Cuts Spain Again: From BB- To B, Outlook Negative , Bad News Recoupling
, Has The
SNB Restarted The Printing Press?
, Is
Germany's CDS Pricing A 6% EUR Devaluation?
, Did
Another European Bank Just Lose LTRO Eligibility? , FacePlanted To New "All Time" Lows , Consumer
Confidence Plunges Just as expected, with the June FOMC coming in fast and
furious, the data better start coming in bad to quite bad. Sure enough, here is
consumer confidence (not from UMich, but from the
Confidence Board, because we need at least two indicators for every economic
data point to maintain the Schrodingerian
Baffle With Bullshit illusion long and strong) setting us off on
the right, er, wrong path, with a 3 sigma miss to
expectations of 69.6, dropping precipitously from 69.2 to 64.9, the lowest
since January, the third miss in a row, and undoing all the "gains"
from the recent bipolar UMichigan consumer confidence
which in turn soared for no reason whatsoever. Finally, 12 month inflation
expectations drop from 5.8% to 5.6% - not good for a central bank hoping to get
consumers to spend or gamble. This is
either good or bad for stocks.
, Guest
Post: President Choomwagon I don’t have a problem
with Obama — or anyone else — smoking dope. As far as I am concerned,
consenting adults have the liberty to do whatever they like so long as they
don’t hurt others, or take their liberty or property. I don’t have a problem
with Obama — or anyone else — defining themselves by smoking dope.I have a problem with hypocrisy. , “Absolutely
Every One” – 15 Out of 15 – Bluefin Tuna Tested In
California Waters Contaminated with Fukushima Radiation Posted by : George Washington Post date: 05/29/2012 California Fish Contaminated with Fukushima
Radiation Breaking
Down "Muppetology," Face Ripping IPO's, and
the Chinese Wall as Facebook continues to Collapse!
Posted by: Reggie Middleton Post date: 05/29/2012 As FB options start trading, one of those tell
it like it is situations whereb- although I'm quite
right - a flood of banker hate mail comes along anyway. SoCiaL MeDiA CoNFiDeNTiaL...
Posted by: williambanzai7
Post date: 05/29/2012 It is not a good idea to look
at this while eating breakfast... , Europe
Is Fighting the Wrong Battles Again Europe continues to fight the wrong battle, and
continues to spread contagion risk. It is clear that Greece has had
a solvency issue now for over 2 years. The ECB and Troika chose to treat
it as a liquidity problem. Maybe, they could have argued that in early
2010, but by the summer of 2011 it was obvious
to any credit observer that the problem was solvency, yet they
continued to treat it as one of liquidity. That is scary because if they
fail to see the problem correctly now, they will fail miserably. Not only
is the problem clearly solvency, but
now forced currency conversion has been added to the mix. Any
"solution" from the EU must now address that risk, and it is not the
same as solvency. Programs that
can protect against solvency may do nothing for the redenomination risk.
We keep playing with scenarios and find it hard to find out where a Greek exit
doesn't result in a steep sharp decline in the market. We could go
through more ideas of ECB intervention, but in the end most will have
flaws. Dealing with currency conversion risk is huge. Dealing with
the contagion risk that has been created by the EFSF is huge. Will Europe force Greece out thinking they have a
plan; that fails miserably and sparks the miserable series of consequences
we’ve outlined? Sadly, yes. , Greek
Retailers Stocking Up On Shutters In Case Of Riots, Alcohol Inventories Plunge , Guest
Post: The Financial Reform: A Mayan Prophecy? , EUR Shorts Hit
New Record , We're
Not In Wonderland Anymore, Alice... And The True Greek Debt/GDP Ratio Of 421.7%….
If someone has actually stepped through the looking glass I suspect it is
Christine Lagarde. Perhaps she is Alice’s granddaughter? In my estimation she
must have eaten some of the cake because her reputation has dwindled as she and
Greece
fell down the rabbit’s hole. , Gold
Bar Demand in China Surged 51% to 213.9 Tons In 2011 Frontrunning:
May 28 Submitted by Tyler
Durden on 05/28/2012
- Merkel Prepares to Strike Back
Against Hollande (Spiegel)
- China to subsidise vehicle buyers in rural areas (Reuters)
- what could possibly go wrong
- Bankia’s Writedowns Cast Doubts on Spain’s Bank Estimates (Bloomberg)
- unpossible, they never lie
- Shares in Spain's Bankia plunge on bailout plan (AP)
- oh so that's
what happens when a bank is bailed out.
- SNB’s
Jordan Says Capital Controls Among Possible Moves (Bloomberg)
- Greeks Furious Over Harsh Words
from IMF and Germany
(Spiegel)
- Tehran defiant on nuclear programme (FT)
- Finally they are getting it: Greece
needs to go to the brink (Breaking
Views) - of course, Citi said it a week
ago, but it is the MSM...
- OTC derivatives frontloading
raises stability concerns (IFRE)
- Wall Street Titans Outearned by Media Czars (Bloomberg)
Comparing
Track Records: Mitt Romney's Private Equity vs Barack
Obama's Public Equity By now everyone is well aware what the main tension
involving this year's presidential campaign as far as Mitt Romney is concerned,
will be his professional past, namely his experience at, and exposure to, Bain
Capital. By now most have also gotten a sense of the angle of attack that the
incumbent will rely on in order to discredit his GOP challenger, and if they
haven't, they will soon enough: after all in Obama's own words "Mitt Romney's record at Bain Capital is what this
campaign is going to be about." In other words, Romney's
history with managing private
(emphasis added) equity. Yet at Marc Thiessen at the WaPo points out, the logical retort from the Romney camp
would be to shift attention to something potentially more embarrassing: Obama's
record with public equity.
Because, frankly, it is deplorable. And while one may debate the number of job
losses at the companies that Bain took private, the driving prerogative for
Romney was to generate value for his investors and shareholders. This in itself
will hardly be debated by Obama. In other words, for any and all of his other
failings, Romney succeeded at his primary task. The question then is: did Obama
do the same? Did he succeed in investing public
equity, i.e., the taxpayer capital that the US financial
mechanism has afforded him. Sadly, the answer appears to be a resounding no.
"The Euro Is
Dead; Long Live The Euro"
, Guest
Post: Chinese Chaos Is The Immediate Threat To The Dollar , SkyNet Wars: Presenting The Rogue Algo
Responsible For FaceBook's Downfall , China
And Japan Dropping Dollar Cross Rate System, Will Transact Directly , "Run!" If you cannot read the writing on the wall then allow
me to read it for you. The European Union has abrogated the Rule of Law for the
good of the State. This is the second such abrogation with the first being the
exemption of certain European institutions and the IMF from the Private Sector
Involvement of Greece.
Greece may be a one-off
exemption as they claim but we now have a second instance where jurisprudence
has been overturned for the good of the nations of Europe.
This is not Socialism or Capitalism but rather some sort of Fascist governance
which I publically decry as the echo of the jackboots sounds across the
Continent once again. The precedents have now been set and the future is
clearly marked by a return to the totalitarianism of a politically controlled
State. My advice is therefore succinct:RUN!
, Spain
Runs Out Of Money To Feed The Zombies
, Bankia Parent Revises 2011 "Profit" Of €41
Million to €3.3 Billion Loss , Key Events In
The Shortened Week Submitted by Tyler
Durden on 05/28/2012 Despite closed US stock markets today, FaceBook stock still
managed to decline, while Europe dipped yet once again on all the same
fears: Greece, Spain, bank runs, contagion, etc. Shortly Europe will reopen,
this time to be followed by the US
stock market as well. While in turn will direct market participants' attention
to a shortened week full of economic data, which as Goldman says, will likely
shape the direction of markets for the near future. US
payrolls and global PMI/ISM numbers are expected to show a mixed picture with
some additional weakness already fully anticipated outside the US. On the
other hand, consensus does expect a moderate improvement in most US numbers in
the upcoming week, including labour market data and
business surveys. As a reminder, should the Fed wish to ease policy at its
regular June meeting, this Friday's NFP print will be the last chance for an
aggressive data-driven push for more QE. As such to Zero Hedge it is far more
likely that we will see a big disappointment in this week's consensus NFP print
of +150,000. Otherwise the Fed and other central banks will have to scramble
with an impromptu multi-trillion coordinated intervention a la November 30, 2011 as things in
Europe spiral out of control over the next several weeks. Either way, risk
volatility is most likely to spike in the coming days.
Submitted
by Tyler
Durden on 05/28/2012
We
all know that the National Defense Authorization Act (NDAA) signed by President
Obama on New Year’s Eve contained a now-struck-down
provision to authorise the indefinite detention
of American citizens on US soil. But did you know that the NDAA also paves the
way for war with Iran? From
Dennis
Kucinich:
Section
(6) rejects any United States policy that would rely on efforts to contain a
nuclear weapons-capable Iran. Section (7) urges the President to reaffirm the
unacceptability of an Iran with nuclear-weapons capability and opposition to
any policy that would rely on containment as an option in response to Iranian
enrichment. This language represents a significant shift in U.S. policy and
would guarantee that talks with Iran, currently scheduled for May 23, would
fail. Current U.S. policy is that Iran cannot acquire nuclear weapons.
Instead, H. Res. 568 draws the
“redline” for military action at Iran achieving a nuclear weapons “capability,”
a nebulous and undefined term that could include a civilian nuclear
program. Indeed, it is likely that a negotiated deal to
prevent a nuclear-armed Iran and to prevent war would provide for Iranian
enrichment for peaceful purposes under the framework of the Non-Proliferation
of Nuclear Weapons Treaty with strict safeguards and inspections. This language
makes such a negotiated solution impossible. At the same time, the language
lowers the threshold for attacking Iran. Countries
with nuclear weapons “capability” could include many other countries like Japan
or Brazil. It is an unrealistic threshold.
The
notion of a “nuclear weapons capability” seems like a dangerously low standard.
Let us not forget that Mossad, the CIA and the IAEA
agree that Iran does not have a bomb, is not building one, has no plans
to build one.
Forget
the Upcoming Elections… Greece Has Already Proved the Great “Bailout Lie” May 29, 2012 By gpc1981 http://albertpeia.com/alreadygreatgreekbailoutlie.htm
http://albertpeia.com/25signssmartmoneywriteoffsoeu.htm
29-May-12
07:18PM Are Safe Haven U.S. Indices Preping
for a Breakout? at Wall St. Cheat Sheet
07:16PM Are Safe Haven U.S. Indices Preping
for a Breakout? at Wall St. Cheat Sheet
06:51PM Greece Gone With the Wind, Spain in the Spotlight at
Wall St. Cheat Sheet 05:50PM Tomorrow's Tape: Checking Off Time Until Friday at
The Wall Street Journal 05:45PM Tomorrow's Tape: Checking Off Time Until Friday at
The Wall Street Journal 05:28PM Could Stocks Rise 20%? at The Wall Street
Journal 05:24PM Train Reading: The United States of Europe A Short History at
The Wall Street Journal 04:40PM What Else Could Go Wrong? Well, Since You Asked... at
Minyanville 04:39PM Research In Motion Hires Bankers For Strategic Review at
The Wall Street Journal 04:21PM Research In Motion Shares Halted at
The Wall Street Journal 04:10PM China ETFs Lead Global Markets Up
at Investor's Business Daily
04:10PM China ETFs Lead Global Markets Up
at Investor's Business Daily
04:07PM Facebook's Stumble Triggers Short
Sale Circuit-Breaker at The Wall Street Journal
04:00PM STOCKS SURGE, FACEBOOK TANKS: Here's What You Need To Know Business
Insider 03:54PM China ETFs Lead Global Markets Up
at Investor's Business Daily
03:45PM InPlay: Stock indices run to fresh afternoon highs in
recent trade -- Dow +127, S&P +14.5, Nasdaq Comp
+33 Briefing.com
03:24PM The Unfair Trade and the Modern (Squeezed) Middle Class at
The Wall Street Journal 02:58PM What Does Corporate America Have to Do to Juice Stocks? at
The Wall Street Journal 02:39PM The Fed to the Citizenry: Remain Calm, All is Well at
The Wall Street Journal 02:25PM Trading Tip: Why You Should Ignore Patterns and Focus on Levels
at Minyanville
02:16PM InPlay: Minor new afternoon highs for S&P +10 and Nasdaq Comp +24 -- Dow +87 Briefing.com
02:14PM Bonds Destroy Stocks By Large Margin This Month at
The Wall Street Journal 01:57PM Facebook Shares Fall Below $30 at
The Wall Street Journal 01:04PM InPlay:
Stock indices edge slightly off midday pullback lows -- Dow +77, S&P +7.5, Nasdaq Comp +14 Briefing.com
12:40PM Why the Market Will Make New Lows at
Minyanville 12:38PM Could Stocks Rise 20%? at The Wall Street
Journal 12:38PM Facebook Shares Fall Below $30 at
The Wall Street Journal 12:18PM POLL: Tell Us Where Stocks Are Going Business
Insider 11:57AM Global Inflation Cooled in April at
The Wall Street Journal 11:54AM You Want To Be Liquid When The Big Bubble Bursts at
Forbes 11:25AM Stocks Pop Even Though Europe Still Rots at
Forbes 11:19AM Index, ETF option volumes near midday optionMONSTER 11:15AM Why Memorial Day Looks Bullish For Stocks This Year at
Forbes 11:14AM InPlay: Stock indices slipping
slightly off morning highs -- Dow +142, S&P +14, Nasdaq
Comp +35 Briefing.com
11:05AM Dallas Fed Reports Deteriorating Manufacturing Conditions at
The Wall Street Journal 11:01AM Facebook Shares Tumble to Fresh IPO
Lows at The Wall Street Journal
10:54AM [video] Trader Skeptical of Rally at
TheStreet 10:50AM Best of the Blogs: Bankia's $23
Billion Problem at Minyanville
10:43AM Facebook Shares Tumble to Fresh IPO Lows
at The Wall Street Journal 10:41AM Stocks Jump, Ignore Bad News at
The Wall Street Journal 10:27AM Numbers Show China's Still Working at
The Wall Street Journal 10:20AM Despite Market Decline, Still No 'Sell' Signal at
Minyanville 10:17AM Secondary Sources: War and Recession, U.S. Energy, U.S.-China
Trade at The Wall Street Journal
10:15AM US Markets Wear the Heavy Crown -- S&P 500 Update at
Minyanville 10:15AM Investing in Commodities, Tip 6: Diversification Is Not A Given
at Minyanville
09:55AM China Puts Laws of Economics Under House Arrest at
The Wall Street Journal 09:43AM Enjoy The Stock Market Rally, It Won't Last Long at
Forbes 09:38AM Enjoy The Stock Market Rally, It Won't Last Long at
Forbes 09:35AM InPlay: Solid push higher off the
open, S&P +8.1 tests last week's peak at 1328 -- session high 1328 Briefing.com
09:25AM Banco Santander, S.A. and SPDR
S&P 500 ETF Most Active Stocks in Pre-Market Today on the NYSE at
Minyanville 09:17AM Stocks to Watch: Chesapeake Energy, Vertex Pharma,
Bankia at The Wall Street Journal
09:05AM Pre-Market Primer: Futures in the Green Ahead of Consumer
Confidence at Minyanville
09:01AM SAIC First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 08:52AM Morning Links: 'Death of Equities' Is Premature at
The Wall Street Journal 08:34AM Vital Signs: Low Shipping Costs for Bulk Goods at
The Wall Street Journal 08:24AM Morning Read: Europe Gains, Spain Falls, Bunds At Fresh Record
at Barrons.com 08:12AM [video] Futures Up, Can You Buy Strength? at
TheStreet 07:54AM [video] Futures Up - Can You Buy Strength? at
TheStreet 07:37AM Wall Street Breakfast: Must-Know News at
Seeking Alpha 07:07AM Morning MarketBeat: Spain Not Looking
So Hot at The Wall Street Journal
06:21AM Morning MarketBeat: Spain Not Looking
So Hot at The Wall Street Journal
05:44AM SPY trade positions for steep drop optionMONSTER
Government
gifts boost Bain, buyout firms
USA Today | At their
worst, private equity firms buy companies with borrowed funds, suck money out
and leave them for dead.
The
Banking Cartels think they are going to take our Social Security
From the Trenches World Report |
International banking thieves have their eyes on our Social Security accounts.
Identity
Crisis for American Capitalism
Washington Post | Beneath
all the folderol about ‘job creation’, there’s actually a legitimate debate to
be had about what kind of capitalism the US needs.
Spain
Runs Out Of Money To Feed The Zombies
Zero Hedge | Spain is
officially out of bailout money.
Greek
Retailers Stocking Up On Shutters In Case Of Riots, Alcohol Inventories Plunge
Zero Hedge | Greek
retailers are preparing for mass unrest.
As
the financial collapse approaches, should you go all-in on gold and silver?
Natural News | U.S. debt
is spiraling out of control.
Greece
to Leave Euro Zone on June 18: Wealth Manager
CNBC | Greece
will leave the euro zone on June 18 if the populist government wins the
country’s elections.
AP Business
Highlights
...Yahoo Market
Update…
Infowars.com | Now is the time to put an end to Obama’s
treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
Nancy Pelosi Wants to Amend the First Amendment Kurt Nimmo
| When Pelosi says “special interests,” she means interests opposed to
establishment Democrats. [ Here’s a look at the pelosi
/ wobama styled new california ( 16 Reasons To
Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ) . pelosi’s incompetent / senile in that chronological order.
At this point, wobama the b for b***s*** is just
incompetent but acts and seems as if he’s senile, particularly with regard to
previous things he’s said and prior promises that he’s made. ]
Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{
Oh! How conveniently forgetful, though the vast majority of americans don’t have
wobama’s luxury of feigned amnesia suffering from what wobama did and didn’t do
contrary to promises last time around the perpetual campaign trail littered
with his typical jive-talking b***s***! The following headline will help him
remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington
Post has been diligently digging into relatively innocent high
school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama,
by all accounts, was a habitual drug user in high school. He tried cocaine, he
admits in Dreams From My Father;
he “tried drugs enthusiastically.” The Chicago
Tribune reported back in 2007 that Obama thanked the “Choom Gang”
in his high school yearbook; “chooming” was Hawaiian
slang for smoking pot. The Honolulu
Advertiser reported that Obama’s senior portrait “prominently
displayed … A package of ‘Zig-Zag’ rolling papers and
a matchbook.” One of Obama’s close friends was arrested for drug possession
during high school.In his memoir, Obama talked about
routinely getting high. “Junkie. Pothead,” he wrote. “That’s where I’d been
headed: the final, fatal role of the young would-be black man.” But, according
to Obama, he only got high because he was contemplating deep matters: drugs
could “push questions of who I was out of my mind.” Obama told students in 2007
that this activity constituted “goofing off” and “wasting time”:"I
will confess to you that I was kind of a goof off in high school as my mom
reminded me," Obama said. "I went to high school in Hawaii, so there's a lot of opportunity to
goof off because the weather is really good all the time …"You know, I
made some bad decisions …. You know, got into drinking and experimenting with
drugs. There was a whole stretch of time where I didn't apply myself. It wasn't
until I got out of … high school, and went to college that I started realizing,
man, I wasted a lot of time.”The New York Times, however, went out of its
way to find Obama’s classmates to testify that drugs played only a “bit
part” in Obama’s youth. Yet Obama would later brag on the campaign trail
that he “inhaled frequently … that was the point.”During
his high school years, Obama hung out with communist radical Frank Marshall
Davis; in 2007, the Los Angeles Times
reported that during his high school days, “he felt the first stirrings of
anger toward whites. He says he also delved into black nationalism.” He was
“offended or even enraged when white classmates adopted black street slang or
revealed their underlying consciousness of his race by going out of their way
to tell him how much they admired a black musician or athlete.” This activity
is certainly more reflective of Obama’s ideological history than Mitt Romney’s
pranks on teachers and fellow students. And as for the drug use – well, that
seems just a bit more serious than walking a teacher into a door or cutting a
student’s hair. But leave it to the Post
to ignore or downplay all of that in favor of continuing stories about Romney’s
dog, his high school hijinks, and whatever other
nonsense they can use to protect President Obama from his own incompetence.’ Ben Shapiro is Breitbart
News Editor-at-Large. Follow him on twitter @benshapiro.
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first
shot in the War on Women was fired.http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy
bullying an innocent little girl, young Obama readied himself for round two by
eating a Golden Retriever. More on this breaking story here.If you're wondering what the rules
are regarding a candidate's past; how far back we're allowed to go in an
attempt to define them -- the answer is simple: the corrupt media will let
us know.
Washington Post Disgraces Itself By Targeting Romney's 'Anti-Gay'
High School Pranks by Ben Shapiro { It is true! The once
great now failed newspaper, the washington post, is an absolute disgrace! But a shadow of its former self, the
post is biased presumably owing to shared
desperation with the failed president wobama in
return for access. So egregious had the bias become wherein ‘sensitive’
commentary antithetical to wobama and his, seldom
seemed to work/post properly; and, then of course, the post’s pro-wobama
perpetual darkness-induced blind ‘constituency’. I stopped posting
there and have not visited their site since nor will I ever again. A
rather pathetic swansong /
end /
wind-down /
final chapter for what was once a great newspaper for which I had the utmost regard and respect! }
Obama WILL NOT pursue gay marriage as
part of party platform...
STONE: 'Playing a cruel and cynical
game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper
Cover With Zimmerman In Noose { and civilized people everywhere should respond
with niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN
BOXOFFICE FOR NIGGERO – Meanwhile, looney clooneyland ain’t doin’ so well with
the niggero model – see next headline! ...
Failed Wobama model illustrated: 16 Reasons To
Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
Postal Service loses $3.2b in first
quarter...
78% of California 8th graders fail
national science test...
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{ some prior links of current
interest }
