MORE THAN 1000 PROTEST OBAMA SPENDING AT ST. LOUIS TEA PARTY (VIDEO)

UP TO 1,500 PROTEST OBAMA SPENDING AT ST. LOUIS TEA PARTY

Source: gatewaypundit.blogspot.com

Filed under: Obama, Barack Obama, Bobby Jindal, Democrats, Economics, Economy, Finance, Jindal, News, Obama, Politics, Recession, Republicans, Stimulus

BUFFET’S BERKSHIRE PROFIT SINKS 96%; ECONOMY ‘IN SHAMBLES’

BUFFET’S BERKSHIRE PROFIT DECLINES 96%

SAYS ECONOMY WILL BE ‘IN SHAMBLES’ THROUGH 2009

U.S. TREASURY BUBBLE WILL BURST

BLOOMBERG: Warren Buffett’s Berkshire Hathaway Inc. posted a fifth-straight profit drop, the longest streak of quarterly declines in at least 17 years. Fourth-quarter net income fell 96 percent to $117 million, or $76 a share, from $2.95 billion, or $1,904 a share, in the same period a year earlier, the Omaha, Nebraska-based firm said in its annual report…

BUFFET: “Though the path has not been smooth, our economic system has worked extraordinarily well over time…It has unleashed human potential as no other system has, and it will continue to do so. America’s best days lie ahead…”

WSJ: Berkshire expanded derivative contract ownership last year; Berkshire’s underwriting units fell 17%…

FT: Berkshire will stick with same strategy…

Filed under: Economics, Berkshire Hathaway, Buffet, Economics, Economy, Finance, Investment Banking, Investments, News, Obama, Stocks, Warren Buffet

Obama Picks Former VP Short-List Member, Sebelius, For Health Secretary

“This evening, the president asked Kansas Governor Kathleen Sebelius to serve as his Secretary of Health and Human Services, and she accepted.”

Filed under: Obama, Barack Obama, Bobby Jindal, Democrats, Health, Jindal, Kansas, News, Obama, Politics, Republicans, Sebelius

15-Year-Old Earns $20K Over Two Months As Prostitute

Teacher found condoms, lubricant and pimp’s card…Money was seized by police…

“Child sexual exploitation is an issue…across the north east…It’s not unusual…”

Filed under: Uncategorized, Business, College, Crime, Finance, High School, Investments, Money, News, Prostitution, School, Teen, Teenagers

Girl, AGE 9, Set to ABORT Twins

Four months pregnant…

Big risk to carry out birth…

Sexually abused by step-father…

Filed under: Crime, Abortion, Brazil, Child, Children, Crime, Latin America, News, Pro-Choice, Pro-Life, Rape, Twins

It’s MINE! Venezuela’s Chavez Usurps Rice Mills

CHAVEZ: “I have ordered the immediate intervention in all those sectors of agro-industry, intervention by the revolutionary government.”

“I don’t have any problem expropriating,” he said. “And I’ll pay them with paper, too. Don’t think I’ll pay them with hard cash.”

Filed under: World, Capitalism, International, Latin America, News, Obama, Socialism, South America, Venezuela, World

Lawsuit Seeking Obama’s Occidental College Records

Obama’s defense lawyers are trying to throw out request for Occidental records…

Filed under: Obama, Barack Obama, California, Democrats, Law, Legal, News, Obama, Politics, Republicans

OBAMA STRONG-ARMS CITI; REQUIRES UNSEATING BOARD

OBAMA REQUIRES UNSEATING OF CITIGROUP DIRECTORS

Bloomberg: The Obama administration will require Citigroup Inc. to raise private capital and make changes to its board of directors as part of an effort to strengthen the bank, according to people familiar with the matter…

NYT: Treasury Reached Deal to Take 30-40% of Citi…

Filed under: Economics, Obama, Barack Obama, Bobby Jindal, Breaking News, Citi, Citigroup, Democrats, Economics, Economy, Finance, FOREX, Jindal, News, Obama, Politics, Recession, Republicans, Stimulus, Stocks

ROMNEY: BUSH FAILED ON STIMULUS

ROMNEY: “I wish the president would have laid [a stimulus package] out before he left office, so that in September, October, November, December, there would have been a stimulus plan.”

Filed under: Uncategorized, Barack Obama, Bush, Democrats, Economics, Economy, Finance, Mitt Romney, Obama, Politics, Recession, Republicans, Romney, Stimulus

RACISIM: U.S. Refuses to Attend U.N. Racism Conference as Anti-Semitism Rises

U.N. Official Stance Anti-Semitism as Racism…

France and Netherlands Concerned Over U.N. Agenda…

STATE DEPARTMENT: Document  “UNSALVAGEABLE”…

Filed under: Obama, World, Barack Obama, Clinton, Europe, France, Hillary Clinton, Holland, Israel, Jewish, Judaism, Netherlands, News, Obama, U.N., United Nations, World

Canadian Fighters Thwarted Russian Bombers Flying Over Head As Obama Visited

Reuters: Canadian fighters planes scrambled to intercept an approaching Russian bomber less than 24 hours before U.S. President Barack Obama’s visit to Ottawa last week, Canadian Defense Minister Peter MacKay said on Friday.

Daily: Russian bombers have stepped up patrols approaching U.S. and Canadian airspace to press Moscow’s jurisdictional rights and access to the potential mineral wealth on the Arctic frontier.

Filed under: Uncategorized, Barack Obama, Canada, Obama, Politics, Putin, Russia, World

Muslim Prayer Allowed in Public School; Chrisianity Next?

“The district offered to let him pray at recess — either outside or in classroom while his classmates are there. At first, Awwad called the offer “unacceptable,” and the situation attracted attention from Muslim advocates who suggested bringing the issue to the state for resolution.”

Filed under: Media, Barack Obama, Christianity, Education, Islam, Jewish, Judaism, Muslim, Obama, Politics, Prayer, Religion, School, World

Euro Monetary System Risks BREAKUP As Unemployment Soars Higher Than Expected

FIRM EARNING $500M BETTING AGAINST MORTGAGE SECURITIES SEES EURO MONETARY SYSTEM ENDING…

Unemployment Rises to 8.2% With Forecasts Seeing 8.1%…

Filed under: Global Economics, World, Barack Obama, Dollar, Economics, Economy, Euro, Europe, Finance, FOREX, Germany, Inflation, Obama, Recession, Stimulus, Unemployment, World

OBAMA UNVEILS $1 TRILLION IN NEW TAXES

$1,000,000,000,000 NEW TAXES

REUTERS: ERA OF BIG GOVERNMENT RETURNS…

Sends 3.75 TRILLION Budget to Congress…

CLASS WARFARE?…

I’m not the only one who thinks so – AP…

Foresees Record $1.75 TRILLION Deficit…

Costs $25,573.48 PER TAXPAYER…

Filed under: Obama, Barack Obama, Bobby Jindal, Democrats, Economics, Economy, Finance, Jindal, News, Obama, Politics, Recession, Republicans, Stimulus

Obama Wins McCain’s Support On Iraq Withdrawal Plan

“Republicans emerged from a White House meeting more supportive than several key Democrats, who complained earlier in the day that the president was still leaving behind too many American forces.”

McCain: Obama Plan is Thoughtful and Well Prepared

Filed under: Obama, Barack Obama, Bobby Jindal, Iraq, Jindal, McCAIN, Middle East, Obama, Politics, War

Taliban Gives ‘Gift’ to Obama; Beheads ‘Spy’

“Taliban militants beheaded an Afghan in Pakistan’s lawless tribal region after accusing him of spying for the United States, local police said Thursday”; ‘Whoever spies for the US will face the same fate. This is a gift to (US President Barack) Obama’

After Obama Admin. Privately Endorses Sharia-LAW…

17,000 Afghan Troop Surge…

Filed under: Obama, World, Afghanistan, Barack Obama, Bobby Jindal, Democrats, Jindal, Middle East, Obama, Pakistan, Politics, Republicans, World

Stocks Slip For Second Straight Day on Obama Budget, $1 Trillion Tax Hike

US Session Key Developments

• President Obama Offers $3.75 Trillion Budget; $1 Trillion Tax Hike
• Durable Goods Orders Plummets More Than Forecast
• Aflac, AIG Surge 17.69% and 13,04% on $316 Billion Medicare Cut

Stocks Slip For Second Day on Obama Budget, $1 Trillion Tax Hike

Wall Street was not happy today after President Obama unveiled a $3.75 trillion budget that would include $1 trillion in new taxes. Indeed, the new tax plan would lift Bush’s $338 billion tax cuts for the top two income tax brackets. As far as accounting standards are concerned, the Obama tax plan would also repeal the LIFO (last in-first out) tax rule in an effort to raise $61 billion. Macroeconomic data continued to paint a bleak picture of the economy. Durable Goods Orders fell by 5.2% in January after economists had anticipated the number to fall by only 2.3%. The previous month’s number was revised substantially downward, from -2.6% to -4.6%. When excluding transportation, December’s figure was revised downward from -3.6% to -5.5%. New Home Sales helped alleviate some of the pain. Despite falling by 10.2% from the previous month, December’s figure was actually revised substantially upward; it was revised from -14.7% to -9.5%. Overall most of the equity losses came from Health Care and Consumer Discretionary with the latter reacting to the Durable Goods news. Financials surprisingly swung upward for a second straight day. Some of the biggest movers in the sector were the insurers as Obama vowed to slash $316 billion from Medicare. With Medicare having less money to compete with its competitors in the private sector, it was likely seen that the insurers would pick up some of the market share that Medicare would lose. As such, Aflac and AIG surged 17.69% and 13.04%, respectively.

DJIA        7182.08      -88.81        -1.22%
The Dow started the day off in positive territory but then moved into the red half-way through the trading session. Health Care, a defensive sector, slipped by 3.97; making it the worst performer in the index. Financials actually rallied for a third straight day despite overall negative sentiment.

NASDAQ      1391.47      -33.96         -2.38%
The NASDAQ saw only the Energy and Financial sectors rally today, by 0.96% and 0.50%, respectively. Health Care tanked more than it did from within the Down, sinking more than 5.0%.

S&P500      752.8          -12.07        -1.58%
Financials in the S&P 500 were led by insurance giants. Aflac, AIG and Metlife, each gained 17.69%, 13.04%, and 8.80%. Volatility dipped just a tad, from 44.67 to 44.66.

Filed under: Economics, Obama, Stocks, Accounting, Barack Obama, Bobby Jindal, Democrats, Economics, Economy, Finance, FOREX, Health, Health Care, Jindal, LIFO, Medicare, Obama, Politcs, Recession, Republicans, Stimulus, Stocks, Tax, Taxes

UNTRUTHFUL: Obama Slicks Through $2 Trillion “Savings” Claim

Politico: “One of Barack Obama’s most audacious claims in his budget Thursday is that he has identified more than $2 trillion in savings over 10 years.

But his budget document shows that a big chunk of those savings comes from a flick of the budgetary pen — a helpful side effect of Obama’s pledge to be more open with war costs than his predecessor.”

Filed under: Obama, Barack Obama, Conservatives, Democrats, Economics, Economy, Finance, Liberals, Obama, Politics, Recession, Republicans, Stimulus

Obama Sends $3.75 TRILLION Budget to Congresss

$3,750,000,000,000

Filed under: Economics, Obama, Barack Obama, Bobby Jindal, Budget, Congress, Democrats, Economics, Economy, Finance, Jindal, News, Obama, Republicans

Obama and Holder Seek New Gun Ban

“would be to reinstitute the ban on the sale of assault weapons…”

“A lot of Democrats on Capitol Hill cringing at Eric Holder’s comments…”

Filed under: Obama, Barack Obama, Constitution, Democrats, Eric Holder, Gun Rights, Guns, Holder, National Rifle Association, NRA, Obama, Politics, Republicans