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Live Wisconsin Election Coverage

Update, 8:01am (8/10/11)-
Darling (R) defeats Pasch (D) 39,471-34,096.

Update, 1:16am (8/10/11)-
The only race left is Darling v. Pasch. In case you missed any numbers, here are the final totals in the other five (all with 100% in):

Cowles (R) defeats Nusbaum (D) 27,543-18,039.
Harsdorf (R) defeats Moore (D) 37,099-27,250.
Olsen (R) defeats Clark (D) 26,554-24,365.
King (D) defeats Hopper (R) 28,188-26,937.
Shilling (D) defeats Kapanke (R) 33,192-26,724.

Update, 1:14am (8/10/11)-
Shilling (D) leading Kapanke (R) 33,192-26,937. 100% in
Darling (R) leading Pasch (D) 34,840-29,821.

Update, 12:38am (8/10/11)-
Cowles (R) leading Nusbaum (D) 27,543-18,039. 100% in
Darling (R) leading Pasch (D) 32,569-28,741.

Update, 12:27am (8/10/11)-
Cowles (R) leading Nusbaum (D) 26,585-17,463.
Shilling (D) leading Kapanke (R) 25,539-20,122.

Update, 12:16am (8/10/11)
Darling (R) leading Pasch (D) 31,404-28,296.

Update, 12:13am (8/10/11)- From now on, I will only be updating numbers that actually change.

Update, 12:11am (8/10/11)-
Cowles (R) leading Nusbaum (D) 24,653-17,463.
Darling (R) leading Pasch (D) 30,394-27,776.
Harsdorf (R) leading Moore (D) 37,099-27,250. 100% in
Olsen (R) leading Clark (D) 26,554-24,365. 100% in
King (D) leading Hopper (R) 28,188-26,937. 100% in
Shilling (D) leading Kapanke (R) 25,149-19,767.

Update, 12:08am (8/10/11)-
Cowles (R) leading Nusbaum (D) 24,653-17,463.
Pasch (D) leading Darling (R) 23,804-22,693.
Harsdorf (R) leading Moore (D) 37,099-27,250. 100% in
Olsen (R) leading Clark (D) 26,554-24,365. 100% in
King (D) leading Hopper (R) 28,188-26,937. 100% in
Shilling (D) leading Kapanke (R) 25,149-19,767.

Update, 12:01am (8/10/11)-
Cowles (R) leading Nusbaum (D) 24,653-17,463.
Pasch (D) leading Darling (R) 23,804-22,693.
Harsdorf (R) leading Moore (D) 35,509-26,198.
Olsen (R) leading Clark (D) 26,554-24,365. 100% in
King (D) leading Hopper (R) 28,188-26,937. 100% in
Shilling (D) leading Kapanke (R) 25,149-19,767.

Update, 11:53pm-
Cowles (R) leading Nusbaum (D) 23,708-16,835.
Pasch (D) leading Darling (R) 23,804-22,693.
Harsdorf (R) leading Moore (D) 35,509-26,198.
Olsen (R) leading Clark (D) 26,554-24,365. 100% in
King (D) leading Hopper (R) 28,188-26,937.
Shilling (D) leading Kapanke (R) 23,112-18,305.

Update, 11:47pm-
Cowles (R) leading Nusbaum (D) 23,708-16,835.
Pasch (D) leading Darling (R) 23,451-21,713.
Harsdorf (R) leading Moore (D) 35,509-26,198.
Olsen (R) leading Clark (D) 26,554-24,365. 100% in
King (D) leading Hopper (R) 28,188-26,937.
Shilling (D) leading Kapanke (R) 23,112-18,305.

Update, 11:39pm-
Cowles (R) leading Nusbaum (D) 23,708-16,835.
Pasch (D) leading Darling (R) 23,451-21,713.
Harsdorf (R) leading Moore (D) 35,509-26,198.
Olsen (R) leading Clark (D) 26,554-24,365. 100% in
King (D) leading Hopper (R) 27,123-25,951.
Shilling (D) leading Kapanke (R) 23,112-18,305.

Update, 11:35pm-
Cowles (R) leading Nusbaum (D) 23,708-16,835.
Pasch (D) leading Darling (R) 20,562-19,675.
Harsdorf (R) leading Moore (D) 35,509-26,198.
Olsen (R) leading Clark (D) 26,554-24,365. 100% in
King (D) leading Hopper (R) 27,123-25,951.
Shilling (D) leading Kapanke (R) 21,383-17,507.

Update, 11:32pm-
Cowles (R) leading Nusbaum (D) 23,708-16,835.
Pasch (D) leading Darling (R) 20,562-19,675.
Harsdorf (R) leading Moore (D) 35,509-26,198.
Olsen (R) leading Clark (D) 26,554-24,365. 100% in
King (D) leading Hopper (R) 24,458-24,321.
Shilling (D) leading Kapanke (R) 21,383-17,507.

Update, 11:30pm- Updates are slowing down slightly because of the number of precincts that have already reported

Update, 11:24pm-
Cowles (R) leading Nusbaum (D) 23,708-16,835.
Pasch (D) leading Darling (R) 20,562-19,675.
Harsdorf (R) leading Moore (D) 35,509-26,198.
Olsen (R) leading Clark (D) 26,554-24,365. 100% in
King (D) leading Hopper (R) 24,458-24,321.
Shilling (D) leading Kapanke (R) 19,928-16,537.

Update, 11:19pm-
Cowles (R) leading Nusbaum (D) 23,615-16,771.
Pasch (D) leading Darling (R) 20,562-19,675.
Harsdorf (R) leading Moore (D) 34,908-25,794.
Olsen (R) leading Clark (D) 26,554-24,365.
King (D) leading Hopper (R) 24,458-24,321.
Shilling (D) leading Kapanke (R) 19,928-16,537.

Update, 11:16pm-
Cowles (R) leading Nusbaum (D) 23,615-16,771.
Pasch (D) leading Darling (R) 18,033-13,112.
Harsdorf (R) leading Moore (D) 34,908-25,794.
Olsen (R) leading Clark (D) 26,554-24,365.
King (D) leading Hopper (R) 24,458-24,321.
Shilling (D) leading Kapanke (R) 19,928-16,537. With 98 out of 119 precincts reporting, Pundit Press calls this race for Shilling (D)

Update, 11:11pm-
Cowles (R) leading Nusbaum (D) 23,615-16,771.
Pasch (D) leading Darling (R) 12,064-9,528.
Harsdorf (R) leading Moore (D) 33,392-23,927.
Olsen (R) leading Clark (D) 25,358-22,326.
King (D) leading Hopper (R) 24,458-24,321.
Shilling (D) leading Kapanke (R) 19,928-16,537.

Update, 11:05pm-
Cowles (R) leading Nusbaum (D) 23,615-16,771.
Pasch (D) leading Darling (R) 12,064-9,528.
Harsdorf (R) leading Moore (D) 27,202-20,082.
Olsen (R) leading Clark (D) 24,321-20,690.
Hopper (R) leading King (D) 23,550-23,016.
Shilling (D) leading Kapanke (R) 19,399-16,298.

Update, 10:58pm-
Cowles (R) leading Nusbaum (D) 23,375-16,610.
Pasch (D) leading Darling (R) 12,032-9,447.
Harsdorf (R) leading Moore (D) 25,713-18,425.
Olsen (R) leading Clark (D) 24,321-20,690.
Hopper (R) leading King (D) 22,788-22,212.
Shilling (D) leading Kapanke (R) 19,399-16,298.

Update, 10:52pm-
Cowles (R) leading Nusbaum (D) 22,020-15,963.
Pasch (D) leading Darling (R) 12,032-9,447.
Harsdorf (R) leading Moore (D) 25,713-18,425.
Olsen (R) leading Clark (D) 23,868-19,995. With 120 out of 126 precincts reporting, Pundit Press calls this race for Olsen (R)
King (D) leading Hopper (R) 8,508-7,890.
Shilling (D) leading Kapanke (R) 13,762-11,272.

Update, 10:47pm-
Cowles (R) leading Nusbaum (D) 21,124-15,341.
Pasch (D) leading Darling (R) 12,032-9,447.
Harsdorf (R) leading Moore (D) 25,713-18,425.
Olsen (R) leading Clark (D) 23,049-19,285.
King (D) leading Hopper (R) 8,508-7,890.
Shilling (D) leading Kapanke (R) 12,450-10,636.

Update, 10:43pm-
Cowles (R) leading Nusbaum (D) 19,723-14,119.
Pasch (D) leading Darling (R) 10,691-8,424.
Harsdorf (R) leading Moore (D) 23,842-17,070.
Olsen (R) leading Clark (D) 23,049-19,285.
King (D) leading Hopper (R) 7,464-7,368.
Shilling (D) leading Kapanke (R) 11,830-10,238.

Update, 10:39pm-
Cowles (R) leading Nusbaum (D) 19,723-14,119.
Pasch (D) leading Darling (R) 8,848-6,741.
Harsdorf (R) leading Moore (D) 23,842-17,070.
Olsen (R) leading Clark (D) 17,504-15,155.
King (D) leading Hopper (R) 7,464-7,368.
Shilling (D) leading Kapanke (R) 11,353-9,968.

Update, 10:36pm-
Cowles (R) leading Nusbaum (D) 18,857-13,357.
Pasch (D) leading Darling (R) 8,848-6,741.
Harsdorf (R) leading Moore (D) 23,842-17,070.
Olsen (R) leading Clark (D) 17,504-15,155.
King (D) leading Hopper (R) 7,464-7,368.
Shilling (D) leading Kapanke (R) 11,353-9,968.

Update, 10:30pm-
Cowles (R) leading Nusbaum (D) 18,718-13,292.
Pasch (D) leading Darling (R) 8,848-6,741.
Harsdorf (R) leading Moore (D) 23,670-16,949. With 85 out of 114 precincts reporting, Pundit Press calls this race for Harsdorf (R)
Olsen (R) leading Clark (D) 17,504-15,155.
Hopper (R) leading King (D) 5,794-5,229.
Shilling (D) leading Kapanke (R) 8,982-7,987.

Update, 10:22pm-
Cowles (R) leading Nusbaum (D) 18,718-13,292. With 73 out of 90 precincts reporting, Pundit Press calls this race for Cowles (R)
Pasch (D) leading Darling (R) 8,848-6,741.
Harsdorf (R) leading Moore (D) 19,572-13,921.
Olsen (R) leading Clark (D) 15,788-12,952.
Hopper (R) leading King (D) 5,794-5,229.
Shilling (D) leading Kapanke (R) 6,039-5,256.

Update, 10:14pm-
Cowles (R) leading Nusbaum (D) 16,672-11,815.
Darling (R) leading Pasch (D) 5,111-4,266.
Harsdorf (R) leading Moore (D) 18,822-13,401.
Olsen (R) leading Clark (D) 10,974-9,058.
Hopper (R) leading King (D) 5,794-5,229.
Shilling (D) leading Kapanke (R) 2,641-2,556.

Update, 10:08pm-
Cowles (R) leading Nusbaum (D) 12,832-9,186.
Darling (R) leading Pasch (D) 3,183-1,320.
Harsdorf (R) leading Moore (D) 16,753-12,056.
Olsen (R) leading Clark (D) 10,088-8,218.
Hopper (R) leading King (D) 3,680-3,395.
Shilling (D) leading Kapanke (R) 2,541-2,468.

Update, 10:00pm-
Cowles (R) leading Nusbaum (D) 10,777-8,029.
Darling (R) leading Pasch (D) 2,786-1,120.
Harsdorf (R) leading Moore (D) 15,915-11,477.
Olsen (R) leading Clark (D) 7,576-6,208.
Hopper (R) leading King (D) 3,025-2,576.
Shilling (D) leading Kapanke (R) 2,541-2,468.

Update, 9:49pm-
Cowles (R) leading Nusbaum (D) 4,206-2,764.
Darling (R) leading Pasch (D) 2,786-1,120.
Harsdorf (R) leading Moore (D) 12,525-8,643.
Olsen (R) leading Clark (D) 5,102-4,820.
Hopper (R) leading King (D) 3,025-2,576.
Shilling (D) leading Kapanke (R) 2,226-2,213.

Update, 9:40pm-
Cowles (R) leading Nusbaum (D) 1,350-845.
Darling (R) leading Pasch (D) 942-585.
Harsdorf (R) leading Moore (D) 2,631-2,015.
Olsen (R) leading Clark (D) 2,974-2,078.
Hopper (R) leading King (D) 1,965-1,671.
Shilling (D) leading Kapanke (R) 487-445.

Update-
Cowles (R) leading Nusbaum (D) 342-228.
Darling (R) leading Pasch (D) 942-585.
Clark (D) leads Olsen (R) 152-140.

Update-  The first votes are in.  Republican Robert Cowles has jumped to an early lead with 33 votes to Democrat Nancy Nusbaum's 2.  That's in District 2.

~Original Article Below~

We will be covering the recall elections in Wisconsin live.  Stay tuned!

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Socialist Revolutionaries Clamor for Dem. Victory in Wisconsin in order to "Start Revolution" (With Pictures)

In case you haven't heard, a concerted effort by radicals to recall Republican state senators in Wisconsin is coming to a head tonight.  Voters went to the polls to choose who they want in office, while Socialist Revolutionaries rubbed their hands together in hope:

Like this one:
This one:
This fellow, who links to the Huffington Post, and pushes for "#revolution," "#WIUnions," and calls himself "an_oracle:"
This lady, that calls for the overthrow of "fat cat republicans:"
This "parrot:"
This lady, who also supports the death and mayhem going on in the United Kingdom:
And finally this marxist-socialist:
This last guy also has a picture of Lenin as his background:

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Why Did the London Riots Start?

This is a question that, until a few hours ago, I was unable to answer.  The actual answer, however, is more pointless than I could have imagined.

A passenger in a taxi cab, Mark Duggan, a known crack dealer, was stopped by police.  According to police reports, Duggan, who is also linked to several gangs, fired first.  The officers fired back, killing the father of four.  And the riots ensued.
Duggan
That's why peoples lives are being ruined, why homes are burning, why life savings are being stolen.  Because a crack dealer linked to a string of gangs was killed after firing at police.  I understand that people are upset that he was a father, but to burn buildings, kill people, loot small business owners because a criminal was killed?

This is absurd.

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Live Coverage of Wisconsin Recall Elections

Update, 11:35pm-
Cowles (R) leading Nusbaum (D) 23,708-16,835.
Pasch (D) leading Darling (R) 20,562-19,675.
Harsdorf (R) leading Moore (D) 35,509-26,198.
Olsen (R) leading Clark (D) 26,554-24,365. 100% in
King (D) leading Hopper (R) 27,123-25,951.
Shilling (D) leading Kapanke (R) 21,383-17,507.

Update, 11:32pm-
Cowles (R) leading Nusbaum (D) 23,708-16,835.
Pasch (D) leading Darling (R) 20,562-19,675.
Harsdorf (R) leading Moore (D) 35,509-26,198.
Olsen (R) leading Clark (D) 26,554-24,365. 100% in
King (D) leading Hopper (R) 24,458-24,321.
Shilling (D) leading Kapanke (R) 21,383-17,507.

Update, 11:30pm- Updates are slowing down slightly because of the number of precincts that have already reported

Update, 11:24pm-
Cowles (R) leading Nusbaum (D) 23,708-16,835.
Pasch (D) leading Darling (R) 20,562-19,675.
Harsdorf (R) leading Moore (D) 35,509-26,198.
Olsen (R) leading Clark (D) 26,554-24,365. 100% in
King (D) leading Hopper (R) 24,458-24,321.
Shilling (D) leading Kapanke (R) 19,928-16,537.

Update, 11:19pm-
Cowles (R) leading Nusbaum (D) 23,615-16,771.
Pasch (D) leading Darling (R) 20,562-19,675.
Harsdorf (R) leading Moore (D) 34,908-25,794.
Olsen (R) leading Clark (D) 26,554-24,365.
King (D) leading Hopper (R) 24,458-24,321.
Shilling (D) leading Kapanke (R) 19,928-16,537.

Update, 11:16pm-
Cowles (R) leading Nusbaum (D) 23,615-16,771.
Pasch (D) leading Darling (R) 18,033-13,112.
Harsdorf (R) leading Moore (D) 34,908-25,794.
Olsen (R) leading Clark (D) 26,554-24,365.
King (D) leading Hopper (R) 24,458-24,321.
Shilling (D) leading Kapanke (R) 19,928-16,537. With 98 out of 119 precincts reporting, Pundit Press calls this race for Shilling (D)

Update, 11:11pm-
Cowles (R) leading Nusbaum (D) 23,615-16,771.
Pasch (D) leading Darling (R) 12,064-9,528.
Harsdorf (R) leading Moore (D) 33,392-23,927.
Olsen (R) leading Clark (D) 25,358-22,326.
King (D) leading Hopper (R) 24,458-24,321.
Shilling (D) leading Kapanke (R) 19,928-16,537.

Update, 11:05pm-
Cowles (R) leading Nusbaum (D) 23,615-16,771.
Pasch (D) leading Darling (R) 12,064-9,528.
Harsdorf (R) leading Moore (D) 27,202-20,082.
Olsen (R) leading Clark (D) 24,321-20,690.
Hopper (R) leading King (D) 23,550-23,016.
Shilling (D) leading Kapanke (R) 19,399-16,298.

Update, 10:58pm-
Cowles (R) leading Nusbaum (D) 23,375-16,610.
Pasch (D) leading Darling (R) 12,032-9,447.
Harsdorf (R) leading Moore (D) 25,713-18,425.
Olsen (R) leading Clark (D) 24,321-20,690.
Hopper (R) leading King (D) 22,788-22,212.
Shilling (D) leading Kapanke (R) 19,399-16,298.

Update, 10:52pm-
Cowles (R) leading Nusbaum (D) 22,020-15,963.
Pasch (D) leading Darling (R) 12,032-9,447.
Harsdorf (R) leading Moore (D) 25,713-18,425.
Olsen (R) leading Clark (D) 23,868-19,995. With 120 out of 126 precincts reporting, Pundit Press calls this race for Olsen (R)
King (D) leading Hopper (R) 8,508-7,890.
Shilling (D) leading Kapanke (R) 13,762-11,272.

Update, 10:47pm-
Cowles (R) leading Nusbaum (D) 21,124-15,341.
Pasch (D) leading Darling (R) 12,032-9,447.
Harsdorf (R) leading Moore (D) 25,713-18,425.
Olsen (R) leading Clark (D) 23,049-19,285.
King (D) leading Hopper (R) 8,508-7,890.
Shilling (D) leading Kapanke (R) 12,450-10,636.

Update, 10:43pm-
Cowles (R) leading Nusbaum (D) 19,723-14,119.
Pasch (D) leading Darling (R) 10,691-8,424.
Harsdorf (R) leading Moore (D) 23,842-17,070.
Olsen (R) leading Clark (D) 23,049-19,285.
King (D) leading Hopper (R) 7,464-7,368.
Shilling (D) leading Kapanke (R) 11,830-10,238.

Update, 10:39pm-
Cowles (R) leading Nusbaum (D) 19,723-14,119.
Pasch (D) leading Darling (R) 8,848-6,741.
Harsdorf (R) leading Moore (D) 23,842-17,070.
Olsen (R) leading Clark (D) 17,504-15,155.
King (D) leading Hopper (R) 7,464-7,368.
Shilling (D) leading Kapanke (R) 11,353-9,968.

Update, 10:36pm-
Cowles (R) leading Nusbaum (D) 18,857-13,357.
Pasch (D) leading Darling (R) 8,848-6,741.
Harsdorf (R) leading Moore (D) 23,842-17,070.
Olsen (R) leading Clark (D) 17,504-15,155.
King (D) leading Hopper (R) 7,464-7,368.
Shilling (D) leading Kapanke (R) 11,353-9,968.

Update, 10:30pm-
Cowles (R) leading Nusbaum (D) 18,718-13,292.
Pasch (D) leading Darling (R) 8,848-6,741.
Harsdorf (R) leading Moore (D) 23,670-16,949. With 85 out of 114 precincts reporting, Pundit Press calls this race for Harsdorf (R)
Olsen (R) leading Clark (D) 17,504-15,155.
Hopper (R) leading King (D) 5,794-5,229.
Shilling (D) leading Kapanke (R) 8,982-7,987.

Update, 10:22pm-
Cowles (R) leading Nusbaum (D) 18,718-13,292. With 73 out of 90 precincts reporting, Pundit Press calls this race for Cowles (R)
Pasch (D) leading Darling (R) 8,848-6,741.
Harsdorf (R) leading Moore (D) 19,572-13,921.
Olsen (R) leading Clark (D) 15,788-12,952.
Hopper (R) leading King (D) 5,794-5,229.
Shilling (D) leading Kapanke (R) 6,039-5,256.

Update, 10:14pm-
Cowles (R) leading Nusbaum (D) 16,672-11,815.
Darling (R) leading Pasch (D) 5,111-4,266.
Harsdorf (R) leading Moore (D) 18,822-13,401.
Olsen (R) leading Clark (D) 10,974-9,058.
Hopper (R) leading King (D) 5,794-5,229.
Shilling (D) leading Kapanke (R) 2,641-2,556.

Update, 10:08pm-
Cowles (R) leading Nusbaum (D) 12,832-9,186.
Darling (R) leading Pasch (D) 3,183-1,320.
Harsdorf (R) leading Moore (D) 16,753-12,056.
Olsen (R) leading Clark (D) 10,088-8,218.
Hopper (R) leading King (D) 3,680-3,395.
Shilling (D) leading Kapanke (R) 2,541-2,468.

Update, 10:00pm-
Cowles (R) leading Nusbaum (D) 10,777-8,029.
Darling (R) leading Pasch (D) 2,786-1,120.
Harsdorf (R) leading Moore (D) 15,915-11,477.
Olsen (R) leading Clark (D) 7,576-6,208.
Hopper (R) leading King (D) 3,025-2,576.
Shilling (D) leading Kapanke (R) 2,541-2,468.

Update, 9:49pm-
Cowles (R) leading Nusbaum (D) 4,206-2,764.
Darling (R) leading Pasch (D) 2,786-1,120.
Harsdorf (R) leading Moore (D) 12,525-8,643.
Olsen (R) leading Clark (D) 5,102-4,820.
Hopper (R) leading King (D) 3,025-2,576.
Shilling (D) leading Kapanke (R) 2,226-2,213.

Update, 9:40pm-
Cowles (R) leading Nusbaum (D) 1,350-845.
Darling (R) leading Pasch (D) 942-585.
Harsdorf (R) leading Moore (D) 2,631-2,015.
Olsen (R) leading Clark (D) 2,974-2,078.
Hopper (R) leading King (D) 1,965-1,671.
Shilling (D) leading Kapanke (R) 487-445.

Update-
Cowles (R) leading Nusbaum (D) 342-228.
Darling (R) leading Pasch (D) 942-585.
Clark (D) leads Olsen (R) 152-140.

Update-  The first votes are in.  Republican Robert Cowles has jumped to an early lead with 33 votes to Democrat Nancy Nusbaum's 2.  That's in District 2.

~Original Article Below~

We will be covering the recall elections in Wisconsin live.  Stay tuned!

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PICTURE OF THE DAY: Closed for the riots

This picture taken in front of a London shop sums up the current situation taking place in England.


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DOW, S&P Plummet; Completely Lose Earlier Gains, Deep in Red

Update- This has been one bi-polar day:
A 600-point swing.

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Rick Santelli on CNBC: "We'd be rated BBB without the Tea Party"

Hat tip to RealClearPolitics and HotAirPundit:



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AOL Stock Down 45% Since Acquisition of Huffington Post

Arianna Huffington is apparently the touch of death:
From opening at $21.96 on February 7 (the day that the purchase was announced) to $12.06 at 12:07pm, August 9.  Oh, and the stock is down over 20% today alone.

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Obama Calls for New Stimulus, Increased Spending of at Least $100,000,000,000 a Year

Honestly, I don't know if I can believe how stupid this is.  We just went through months of wrangling over cutting spending in order to reduce our debt.  In the end, the President signed into law a bill that supposedly cut government spending.  One week later, he says "screw it" and has now pushed for more stimulus spending.

The President has announced that he wants to create an infrastructure bank through Congress and that unemployment benefits should be "enhanced" and extended for another year.  In all, the plan would add over $100,000,000,000 in 2012 alone and over ten years would entirely consume the $1 trillion dollars of savings the "debt deal" supposedly cut last week.

When asked whether this plan would be deficit neutral, the White House didn't respond.  When asked for comment, the Obama Administration refused to reply.  Apparently, Mr. Obama planned to announce this abomination and then decided to hide.

The President stated in his speech, “If Congress fails to extend the payroll-tax cut and the unemployment-insurance benefits that I’ve called for, it could mean 1 million fewer jobs and half a percent less growth. This is something we can do immediately, something we can do as soon as Congress gets back.”

Understandibly, top-ranking Republicans are not impressed with the President's plan. “Over the next several months, there will be tremendous pressure on Congress to prove that S&P’s analysis of the inability of the political parties to bridge our differences is wrong,” House Majority Leader Eric Cantor wrote. “In short, there will be pressure to compromise on tax increases. We will be told that there is no other way forward. I respectfully disagree.”
Addicted to spending
More from the Washington Times:
Last week’s debt deal calls for lower projected discretionary spending of $917 billion over the next decade, but in terms of actual dollar-to-dollar cuts, it lowers spending just $7 billion in 2012, and only an additional $3 billion in 2013.

Many conservative Republicans voted against the deal, arguing those cuts didn’t go deep enough. Liberal Democrats, meanwhile, said it bled domestic priorities too much.

But that $7 billion in savings pales in comparison with the deficit hole that would be opened if Congress adopts all of Mr. Obama’s new proposals.

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Mr. Obama and the Dunning-Kruger Effect

You may not know what the Dunning-Kruger Effect is. Honestly, I only found out about it recently. But since learning of it, the severe incompetency of one Barack Obama has become much more clear to me.

For those of you who have never heard of it, it's not terribly complicated. One major aspect of the Dunning-Kruger Effect is when an unskilled worker makes a large amount of mistakes and comes to an erroneous conclusion. However, because they are unskilled and unknowledgeable, they believe that they did in fact come to the right conclusion.

This leads to an exaggerated sense of competence and know-how. It also leads the person to believe that they know much more than most others, if not everyone else.  According to the study, the person in question is normally extremely incompetent, and therefore is unable and unwilling to recognize any mistakes.

This same effect can happen when those around a person constantly tell them that they are doing the right thing when they are, in fact, doing the wrong things. The person doesn't know what they're doing is wrong and those around him or her simply build up their ego. It gets to the point where the person at the center of the Dunning-Kruger Effect does not want to realize what is right and what is wrong simply because they've been locked in a different kind of reality.

You see things like this every day. But what if the Dunning-Kruger Effect wasn't simply for average folks? What if the effect happened to distort the reality of a high-ranking official? Or perhaps the President of the United States.

Certainly you could not have read the previous few paragraphs (outside of the first) and not have thought of President Barack Obama. From the beginnings of his 2008 campaign, to his nomination, and to his ultimate victory in the general election, there has been no one praised as richly as Mr. Obama. To his supporters, he would "bring back the United States," he was "the one," he was "cool," and "sexy," and "amazing."
"Cool," "sexy," "amazing."
And the rabid support was not just that of sycophants in his inner circle. The Main Stream Media, even today, lavishes him with support. How many times have you read or seen that Mr. Obama is the "smartest President ever?" Hundreds of times.  Undoubtedly you remember how the MSM gushed over Mr. Obama when he went to the beach.  And guess what: he ate it up.

More, when has the President ever been blamed for making a mistake? Unemployment two and a half years into his Presidency? President Bush's fault! The United States' credit being downgraded? It's the Tea Party's fault! These simple things, things that the President has years to fix, are deflected away from the President, helping to lock in the Dunning-Kruger Effect.

It's the same reason why, when the President goes golfing while the DOW tumbles and American soldiers die in the Middle East, Mr. Obama does not even think twice. His reality is locked in; everything he does is right, everyone else is incompetent.

In a way, you may feel sorry for our Commander in Chief's failures. But not really.

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Excellent WSJ Piece: "The President isn't very Bright"

Read the whole thing here.  Underneath is an excerpt:
Much is made of the president's rhetorical gifts. This is the sort of thing that can be credited only by people who think that a command of English syntax is a mark of great intellectual distinction. Can anyone recall a memorable phrase from one of Mr. Obama's big speeches that didn't amount to cliché? As for the small speeches, such as the one we were kept waiting 50 minutes for yesterday, we get Triple-A bromides about America remaining a "Triple-A country." Which, when it comes to long-term sovereign debt, is precisely what we no longer are under Mr. Obama.

Then there is Mr. Obama as political tactician. He makes predictions that prove false. He makes promises he cannot honor. He raises expectations he cannot meet. He reneges on commitments made in private. He surrenders positions staked in public. He is absent from issues in which he has a duty to be involved. He is overbearing when he ought to be absent. At the height of the financial panic of 1907, Teddy Roosevelt, who had done much to bring the panic about by inveighing against big business, at least had the good sense to stick to his bear hunt and let J.P. Morgan sort things out. Not so this president, who puts a new twist on an old put-down: Every time he opens his mouth, he subtracts from the sum total of financial capital.

Then there's his habit of never trimming his sails, much less tacking to the prevailing wind. When Bill Clinton got hammered on health care, he reverted to centrist course and passed welfare reform. When it looked like the Iraq war was going to be lost, George Bush fired Don Rumsfeld and ordered the surge.
"Isn't very bright"
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Al Gore Freaks Out Over Global Warming (Audio)

Mr. Gore goes off the rails a bit. Warning, some bad language:
Al Gore calls B.S. on climate change naysayers ... by RealAspen

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Killing a new meme in the cradle

As I related in my last post, I had been without a home Internet connection since July 13th, and finally got it back on the second of August. Just going through the accumulated e-mail alone took almost three days. There's no telling what stories I could have commented on during those days, but was unable to easily find and save such stories. It was a very frustrating experience, and I'm glad that it is finally behind me.

One thing that I did notice was a particular phrase that kept popping up in the editorial and letters to the editor parts of the newspaper that I keep an eye on. This phrase usually runs this way, “Dick Cheney has said that Ronald Reagan proved that deficits don't matter.” Or perhaps, “Ronald Reagan proved that deficits don't matter, like Dick Cheney once said.”

You get the idea.

Interestingly, I have never come across this phrase and subsequent attribution until the past 5 or 6 weeks or so. And my reaction to this phrase the first time I saw it was, “Really? That doesn't sound like something that Cheney would say.”

But then I came across the phrase in local writer Gene Lyons' weekly column. That was when I figured out the quote was a fake. I used to fisk Gene's columns on a weekly basis (or whenever I felt like it) for many years, but have let that duty fall by the wayside in the past couple of years. There's only so many times that you can refute a liar until you get tired of it, and it finally got monotonous. There have been only two columns that Gene has wrote in the past 6 years or so that could be considered to not have a lie in them. Both of those columns were almost entirely devoted to a cow that he had found and taken care of.

Don't laugh, they were actually well-written accounts, and rather touching.

Anyway, having actually read and fisked these columns, I've become familiar with Gene's methods of lying. So whenever I read the phrase in one of Gene's columns, that was an instant tip-off that the phrase was a phony. So I started researching the phrase, and by golly, when I'm right, I'm right.

The phrase first appeared in this UK Guardian newspaper column from January 12, 2004. Read this relevant paragraph for yourself, and see if anything jumps out at you:

In his own account, Mr O'Neill discovers the hard line on tax cuts is coming from Mr Cheney. Not knowing he was in his last weeks as Treasury secretary, he went to see the vice president expecting to get a sympathetic hearing for his concerns over the deficit. Instead he is told: "You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due."

Well, that certainly smacks of the Gospel truth, doesn't it? Why, we should just close up shop and... wait a minute. What were those first four words, again? “In his own account”?

Say, do you think that maybe Mr. O'Neill might have been selling a book, maybe? If you thought that, you might be surprised to find out that yes, yes indeedy, Mr. O'Neill *WAS* selling a book at the time!

Why, isn't that the strangest coincidence that you ever heard?

But wait, there's more!

Let's read some other paragraphs about the sainted Mr. O'Neill, shall we?

In the Bush White House, Paul O'Neill was the bespectacled swot in a class of ideological bullies who eventually kicked him out for raising too many uncomfortable questions. Now, 13 months later at a critical moment for the president, the nerd is having his revenge.

Mr O'Neill's account of his two years as Treasury secretary, told in a book published tomorrow and in a series of interviews over the weekend, is a startling tale of an administration nominally led by a disengaged figurehead president but driven by a "praetorian guard" of hardline right-wingers led by vice president Dick Cheney, ready to bend circumstances and facts to fit their political agenda.

According to the former aluminium mogul and longstanding Republican moderate who was fired from the US Treasury in December 2002, the administration came to office determined to oust Saddam and used the September 11 attacks as a convenient justification
.

Fired, you say? Whatever for, I wonder? Oh look, the story continues on, maybe we'll find the answer there:

White House aides have also pointed to Mr O'Neill's reputation as a gaffe-prone Treasury secretary, who at one point triggered a run on the dollar by suggesting that maintaining its strength was not a priority.

Gaffe-prone, you say? What a complete coincidence!

Why, this entire account sounds as if the poor, aggrieved Mr. O'Neill was just the victim of circumstances, a lone warrior, alone, fighting against the forces of darkness, abandoned by his fellow compatriots, alone, resolute in his determination to overcome said forces of darkness. There's absolutely no incentive for this brave, lone warrior to distort his record or to make himself look good.

Nope, nosiree, if you think that, you are completely mistaken, mister. You are barking up the wrong tree. Your sniffer is off. There is not a particle of truth to such an opinion there, buddy.

Let's sum up the situation here. We have a discredited and disgruntled former employee stating that a political opponent made a statement that seems to be at odds with that opponent's stated political philosophy. There are no witnesses or audio recordings to back up said former employee's account. And, wonder of wonders, said former employee is out hawking a book in a sensationalist media.

Why, that sounds like a perfectly credible witness to me! Let's start building the statue!

In the immortal words of Homer Simpson, “In case you can't tell, I'm being sarcastic!” (There is truly a Simpsons' quote for every occasion.)

But wait, maybe I'm being overly cynical. Maybe I should put myself in somebody else's shoes. Let's perform a little thought experiment, shall we? (Liberals, you are excused from this exercise. This is a *thought* exercise, and not a *feeling* exercise.)

Let's say that Little Timmy “Turbo Tax” Geithner is fired tomorrow morning. Obama just calls him into his office, and tells him to clean out his desk, he is gone. Little Timmy makes his way back to obscurity, settling into his life of mediocrity once again.

A year passes, and Little Timmy starts making the media rounds. He has spent the past year banging away at his word processor, and a tome has sprung from the keys of his computer. While he is making the rounds, he states unequivocally that he has seen with his own two eyes Obama's real birth certificate, and it states that Obama was really born in Indonesia. Furthermore, Obama had talked to him on that fateful day one year ago, and Obama had confessed that his true aim of being President was to completely destroy the United States through any means necessary, followed by the most sinister laugh (Muah-hah-hah-hah!) Little Timmy had ever heard in his whole entire life.

I'm sure that the liberals would treat such revelations as the Gospel truth that they have treated Mr. O'Neill's, don't you think?

Yeah, right!

Now, we all know that the above scenario will never happen. Mainly because Little Timmy would be found dead in his car, having committed suicide with three rifle shots to the back of the head. Or maybe by accidentally getting his feet stuck in wet cement and falling into a very deep lake, about a third of a mile away from shore.

Not that I'm implying anything.

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Are you Kidding? Michael Moore: 'Matt Damon for President'

I know, I know. Michael Moore is a liberal hack that wouldn't know a fact if it punched him in the face. Michael Moore is a heavy-set swindler that profits off of the capitalism that he so despises.

But sometimes he says things so stupid that they must get our attention. This is that time.

That's right, Matt Damon for President! Don't believe me? Take a listen to this:

http://tmz.vo.llnwd.net/o28/newsdesk/tmz_audio/080811_matt_damon_prez.mp3
Seriously
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Pictures of London Riots

If you haven't heard, riots are tearing apart sections of London. Even if you have heard, you may not grasp the scale of the devastation. The pictures that follow should dispel that:

Cars ablaze:

A building engulfed:

Intense flames:

A woman jumps for her life:

Looters strike:

A map of the effected areas:

A fire rages:

Another car alight:

A looter tries to hide his face:

Flames reach towards the sky:

A hooded youth walks by a burning van:

President Obama's Full Speech on the US Credit Downgrade, August 8, 2011

Did you miss this earlier/didn't vomit enough the first time?  Enjoy:


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DOW Down 634

The Dow Jones Industrial Average lost 634 points in today's session on Wall Street, the second time Dow Jones has lost 500+ points in just three sessions, as a result of S&P downgrading America's once golden AAA credit rating to AA+ on Friday night.

Nasdaq lost 174 points and S&P 500 lost 79.

This is one of the worst downfalls on Wall Street since the economic collapse in October of 2008, but the market is responding to something far worse than the housing bubble this time - and hopefully we can stop the downfall before it's too late.

What say you?

President Obama Has Officially Jumped the Shark

I think we can all agree that Barack Obama has been a much worse President than anyone had feared.  Liberals are now grumbling that they didn't see that he was "spineless" and are now praying for Hillary Clinton to primary him in 2012.  Conservatives look at his broken promises, abysmal job performance, and possible extra-constitutional actions as proof that Mr. Obama is more inexperienced and naive than they thought.

But this afternoon he has officially jumped the shark.
Shark-jumper
For those who don't know, "jumping the shark" is when a television show or movie does something ridiculous.  Thereafter, the program is never as good as it was before and quickly goes downhill.

Today, the President has done that.  For two and a half years, the American public has put up with terrible administration, outrageous spending, and malaise.  They have also had to suffer through the President blaming President Bush for every single problem imaginable, even now.

Yet, after S&P downgraded the United States' debt for the first time, instead of leading, Mr. Obama decided that he would, once again, take absolutely no responsibility and decided to blame someone else.  Even though he is the President of the United States.  Even though he has been so for over two and a half years.  Even though his policies have been followed and have failed. He was even an hour late to his own speech-- that the White House scheduled.

He has jumped the shark.

Americans have been biting their collective lips, knowing that they were being fed a line of bull from President Obama.  But as the United States enters into another potential economic crisis, Mr. Obama's refusal to take it on, his refusal to admit that he has ever made a mistake, and his refusal to be honest is the equivalent of him jumping over a shark.

The American people will no longer accept his deflections.  They realize that it is all the same, it has always been the same, and always been the same.  There was never any plan for positive change and there never will be.  Those who voted for Mr. Obama in 2008 because he was "cool" are coming to realize that (1) he isn't and (2) he's horrible at being President.  Clinton supporters that held their noses will not do it again.  Republicans who wanted to be caught up in the "magic" have learned their lesson.

In just over a year, the American people will vote to rid themselves of Mr. Obama's administration.  His speech today has assured that.

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DOW Closes Down 632 Points

Despite the President's speech, which was nothing new and confirmed that he had jumped the shark as Commander in Chief, the DOW closed 632 points lower.  That's 5.53%.

The S&P closed down 80 points, or 6.65%.  The NASDAQ closed down 175 points, or 6.9%.

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Breaking: Dow Now Down 492

The Dow was down over 500 just a minute ago. The NASDAQ is down 5.5% or 136 points. The S&P is down 5.5% or 65 points.

This is becoming a meltdown due to Obama's speech and now Fannie Mae and Freddie Mac's credit was also downgraded (go figure).

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Breaking: Dow Tumbles 75 Points as Obama Speaks

UPDATE: Dow down 460 at 2:00 est.

The Dow Jones Industrial Average is taking a beating as President Obama continues to speak. Towards the beginning of his speech, the index was down 375 points. As I write now it is down 450. Obama's blaming of everyone else and trotting out the same old "solutions" are not helping.

The S&P average is down a total of 5% on the day. The NASDAQ is also down 5% on the day. This is becoming a run. We need leadership now.
In addition, between the time he announced the speech and gave it, the Dow fell another 100 points.

UPDATE, 2:12 EST:

Dow is down 419 now, below is an updated graph:

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Watch Obama Speech Video Live, August 8, 2011

The speech is scheduled to take place at 1:00pm, but the President is almost always late:


Live video by Ustream

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Watch Obama Speech on Economy Streaming, August 8, 2011

The speech is scheduled to take place at 1:00pm, but the President is almost always late:


Live video by Ustream

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Jackie Kennedy Audio Tapes: LBJ and Oil Tycoons Killed John Kennedy

Talk about giving conspiracy theorists fodder.

In never-released audio tapes recorded by Jackie Onassis Kennedy, she states that she believed that Lyndon Johnson and a "cabal" of rich oil tycoons murdered her husband John.  LBJ, in Mrs. Onassis's belief, was at the center of the assassination.

According to her, Lee Harvey Oswald was the shooter, but he was merely part of a vast conspiracy.
Jackie and John with Caroline
More from the Daily Mail:
The tapes were recorded with leading historian Arthur Schlesinger Jnr within months of the assassination on November 22, 1963, and had been sealed in a vault at the Kennedy Library in Boston.

The then Mrs Kennedy, who went on to marry Greek shipping tycoon Aristotle Onassis, had ordered that they should not be released until 50 years after her death, with some reports suggesting she feared that her revelations might make her family targets for revenge.

She died 17 years ago from cancer aged 64 and now her daughter, Caroline Kennedy, has agreed to release the recordings early.

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Small Business Owner to Obama: Apologize for the Economy



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Watch Obama Speech Live, August 8, 2011

The speech is scheduled to take place at 1:00pm, but the President is almost always late:


Live video by Ustream

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Newsweek Cover Slams Michele Bachmann

Classy:


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Live Stock Market, DOW Coverage

Update, 10:27am- The DOW is down 341, the S&P is down 43, the NASDAQ is down 96.

The United States' credit rating was lowered Friday night.  Monday morning, the first day of trading since the downgrade, stocks have instantly tumbled.  At 9:32am, the DOW is down 225 (approximately 2%), the S&P is down 24 (approximately 2%), and the NASDAQ is down 84 (approximately 3.5%).

Update: Gold and Silver are way up.

Live below:


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Still on Pundit Press's Blogspot URL? Go to PunditPress.com

In case you didn't hear, Pundit Press decided to move from punditpress.blogspot.com to its very own webpage punditpress.com. Go there now!  In the short term, the sites are the same.  But that's changing soon!

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DOW Opens 200 Points Lower

The United States' credit rating was lowered Friday night.  Monday morning, the first day of trading since the downgrade, stocks have instantly tumbled.  At 9:32am, the DOW is down 225 (approximately 2%), the S&P is down 24 (approximately 2%), and the NASDAQ is down 84 (approximately 3.5%).

Live below:


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S&P: Another Downgrade Very Possible

Thanks, Obama:
The US credit rating could suffer a second calamitous downgrade — putting our nation on par with countries that are far tinier and have a reputation as tax shelters.

There’s a “1 in 3” chance that America’s rating will get knocked down another peg during the next two years because of political bickering, New York Standard & Poor’s Director John Chambers ominously warned yesterday. Chambers -- the same bean counter who, The Post revealed, holds a degree in English literature, not economics -- was at the helm when the credit-rating agency scrapped the government's coveted AAA designation just three days ago.

"If the fiscal position of the United States deteriorates further or if the political gridlock becomes more entrenched, then that could lead to a downgrade," Chambers yesterday said on ABC's "This Week."
If a further downgrade does occur -- from AA+ to AA -- the United States would join the ranks of:

* Bermuda, which is known as a tax haven for big companies.

* Slovenia, which has a population of 2 million.

* Qatar, a Persian Gulf monarchy.

Even if politicians come together enough to satisfy the ratings agency, it could take "from nine years to 18 years" to regain the triple-A rating, Chambers said.

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Asian Markets Down

Tokyo's Nikkei (-1.4%), Hong Kong's Hang Seng (3.56%), Shanghai's Stock Exchange (-4.1%), South Korea's benchmark Kospi 200 (-4.4%), Australia's S&P/ASX-200 (-2%) and New Zealand's market (-3%) all opened the week downward on S&P's downgrade of America's credit over the weekend.

This follows a sizable downturn in Saudi and Israeli markets over the weekend, but stands in stark contrast to the mixed numbers Europe posted this morning - due to their own somewhat good financial news outweighing America's.

I don't know what to expect on Wall Street this morning, but we better hope it looks nothing like Asia's 3-4% regional decline on the S&P downgrade.

What say you?

Has Barack Obama Served a Single Day as President?

This might sound rhetorical, but I assure you, it is a legitimate question:  has Barack Obama served a single day as President?  The thing is, according to Democrats and the President himself, nothing that ever goes wrong is ever Mr. Obama's fault.  And since, under his leadership, things are constantly going bad, that means, if the Democrats are right, Mr. Obama has not served a single day as our Commander and Chief.

Some examples:

The United States being downgraded?  Certainly not Mr. Obama's fault!  It must have been the Tea Party and the Republicans who were pushing for a balanced budget, while Democrats were originally pushing for a "clean" debt ceiling raise with "no strings attached."

Unemployment?  Well, it certainly was not Mr. Obama's fault!  It's President George W. Bush's fault.  You know, the man who left office over two and a half years ago.

The semi-kinetic, non-military sans-personnel action in Libya?  Well, the United Nations gave the go ahead on that one and Gaddafi started everything in the first place.

The DOW plummeting?  That's a combination of Europe, the S&P's "facts be damned" approach, and the Tea Party!
Mr. Obama looking off into the distance
Gas prices?  It's not taxes, certainly, and it can't possibly be because Mr. Obama banned companies' ability to drill for billions of barrels of oil.  And it can't be the inflation that our current economic policies are causing.  No, no, it must be... Bush's fault?

There you have it.  Senator Barack Obama has not served a single day as President.  Apparently, he's been in Illinois this entire time quietly serving his constituents.  Nothing he has done has caused any problems and everything wrong with the country has been caused by our President George Tea Party W. Republican Bush III.

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DOW/Stock Market Chart Live

Live below:


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Developing: Israeli Stock Exchange Down 7%

The Tel Aviv stock exchange has fallen 7% in Sunday trading on word of the United States credit downgrade. The US and Israel are close economically and the ripple effects appear to be stark. An equivalent decrease of the Dow would be about 800 points.

The TA-25 .TA25 blue-chip index closed down 6.99 percent to 1,074.27 points and is down 18 percent since the start of the year. The broader TA-100 .TA100 slid 7.2 percent.

Israel's market is closed on Fridays and Saturdays.

The Tel Aviv market opening was delayed by nearly an hour as circuit breakers kicked in when shares fell more than 5 percent in pre-market trade.

Japanese markets open at 8pm EST.

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What?! An honest, fair-minded Columnist at the NY Times?

Turns out Tea Party's not terrorists

by Eric Dondero

This is a wonderfully heart-warming development. Joe Nocera, a regular columnist at the NY Times, wrote a scathing editorial against the Tea Party during the budget negotiations. He compared those of us on the hard right to terrorists, with doozies like this:
These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people...

For now, the Tea Party Republicans can put aside their suicide vests. But rest assured: They’ll have them on again soon enough.
Now a full mea culpa from Mssr. Nocera:
That anger reached its apex on Tuesday, when I wrote a column comparing the Tea Party Republicans to terrorists. The words I chose were intemperate and offensive to many, and I’ve been roundly criticized. I was a hypocrite, the critics said, for using such language when on other occasions I’ve called for a more civil politics. In the cool light of day, I agree with them. I apologize.
The gentleman is deserving of a great deal of gratitude. I'm sure I speak for the vast majority of libertarian Republicans/Tea Partyers, when I say, thank you Mr. Nocera.

Big h/t Glenn Beck's The Blaze

Al-Shabab Vacates Somalia Capital

Great news from the war-torn nation of Somalia.

The Somali branch of al-Qaida, al-Shabab, has been forced out of the struggling country's capital city and has retreated to neighboring southern villages. This represents the best chance for Somalia's government to gain vital ground in the fight for control.

Prime Minister Abdiweli Mohamed Ali said it best: "We have been dreaming of this day for the last three years,” and I believe most Americans, and Western observers would agree. There is literally nothing that would please the world more than to see Somalia out of the gutter.

Somalia's government; African Union soldiers; Western aid and other factors are responsible for the great news today, but perhaps none more than former Prime Minister Mohamed Abdullahi Mohamed - and his months of incorruptible leadership.

What say you?

North Dakota Rising

The United States economy is in terrible shape. Unemployment continues to rise; federal revenues continue to fall, and potential small business owners continue to remain on the sidelines due to uncertainty over taxes and regulations. It's rough out there and Americans are angry.

Don't tell that to North Dakotans.

Their unemployment rate fell once again last month to 3.2%, which is best in all America and two-tenths of one percent lower than their December 2008 rate, despite the country's ongoing economic semi-recession.

The secret to their enviable success?

Natural resources; technology firms and business friendly laws.

They are one of a few states to grow their manufacturing sector during the recession and are currently in the midst of a jobs producing oil boom. They also have a near constant need for new workers because younger residents leave the state in search of, err, warmer pastures.

This isn't to say North Dakota is perfect, because they aren't. The state government spends too much money and their tax rates are unnecessarily high, but both could be corrected with relative ease - putting the state on even better economic ground than it currently is.

As someone in New York, who only recently found a job after two years of search, I have actually looked a little into North Dakota's job market and discovered one thing: if you're willing to work hard and freeze hard, you will probably get a job there.

What say you?

Bachmann's Experience Problem

Representative Michele Bachmann has numerous advantages heading into the 2012 Republican nomination battle: name recognition; high favorability and she loves to campaign, but all of those strengths fall well short of her primary disadvantage. 

Lack of executive experience.

Her public record includes just three terms in both the Minnesota State Senate and the United States House of Representatives, neither of which involve passing significant legislation, or sitting on any vital committees.

Reminds you of someone?

Oh, then-Senator Obama's record during the 2008 election, which we hammered unmercifully because our country needed someone with either strong executive experience, or accomplished legislative experience. I don't have to remind anyone of Obama's incompetent and inexperienced governance these past 30 months.

All it will take is one Mitt Romney commercial or one Tim Pawlenty remark for the memo to reach primary voters: do we really want someone who has less experience than Barack Obama? I would hope not for the reasons that our party always selects results over rhetoric, and that experience is one of our strongest 2012 talking points.

What say you?

S&P: Downgrade Was Because Obama, Congress 'Did not Cut Enough'

Cue exploding liberal heads in...now:
But S&P officials on Saturday insisted that they had come to a reasoned conclusion that the U.S. will have difficulty getting its soaring deficits under control. And they said S&P had given plenty of warnings that a downgrade could be coming if Congress and the Obama administration did not produce a credible deficit-cutting plan.

David Beers, global head of sovereign ratings at S&P, said the rating agency was concerned that the deal on the budget reached last weekend fell short of what S&P felt was needed. S&P was looking for $4 trillion in budget cuts over 10 years.

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Vote: Who is to Blame for the US's Credit Being Downgraded?

For two years, the Democrat party had a super-majority in the Senate, the majority in the House, and the executive branch.  They had hundreds upon hundreds of chances to raise the debt ceiling or to cut spending but decided not to.  Yet, the day after S&P downgraded the United States' credit rating, Democrats are deciding to blame Republicans for every possible thing wrong with the economy, particularly our credit.

For example, Harry Reid stated in response to the news:
The action by S&P reaffirms the need for a balanced approach to deficit reduction...instead of hardliners who have already ruled out the balanced approach that the markets and rating agencies like S&P are demanding.
So the question is: who is really to blame?  Is it Republicans for demanding that Democrats cut over-spending and balance the budget?  Is it President Obama for leading from behind?  Is it Democrats for over-spending and blaming others instead of actually doing anything?  Maybe President Bush somehow?  Or some combination?

Vote below:



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The Day the Obama Administration Ended

Mark your calendars, everybody, because yesterday was a very important day. It was not only a day in which our debt was seen as unsustainable, but it is likely the day that sealed the coffin of Obama's potential second term.

Knowing the way the electorate may be, he might well win another four years in Washington. However, with the potential effects of the S&P downgrade-- this may be the event that will snap even some Obama supporters back to reality.

Let's take a look at some of the possible effects--

3. Needless to say, increasing costs for consumers and businesses tends to slow their economic activity. Some estimates put a downgrade like this as likely to shave 1 percent off GDP. This slowing certainly increases the risks that the U.S. will have a second dip into recession. It also means less tax revenue, so the potential for additional debt increases.

4. As the economy slows, expect the stock market to react. After all, investors buy shares to get a piece of growing profits. A slowing economy means profits grow less rapidly or go down. The relative value of a share of anything will go down. Some experts predict a downgrade could force stocks to sell-off by 6 percent to 10 percent in short order. That's another 1,100 points on the Dow.

5. A slowdown in economic activity also means less demand for workers. The non-partisan group Third Way has published estimates that a simple 0.5 percent increase in interest rates could erase more than 640,000 jobs.

These are terrible indicators and could have a similar effect as the crash of Bear Stearns and other investment banks in 2008. The economy, if hit with another 1,100 point loss, could point straight at recession. And considering the anemic job growth already, losing 600,000-plus would be disastrous.

This could be the day after the next recession started-- and the day after Obama lost his chance for a second term.

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U.S. Credit Rating Downgraded

At least according to S&P. Expect interest rates and recession fears to increase.

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S&P Downgrades US Credit Rating

Go figure, you can't spend everything you possibly can and expect no consequences!  Who woulda thunk it:
The United States has lost its sterling credit rating from Standard & Poor's.

The credit rating agency on Friday lowered the nation's AAA rating for the first time since granting it in 1917. The move came less than a week after a gridlocked Congress finally agreed to spending cuts that would reduce the debt by more than $2 trillion -- a tumultuous process that contributed to convulsions in financial markets. The promised cuts were not enough to satisfy S&P.

The drop in the rating by one notch to AA-plus was telegraphed as a possibility back in April. The three main credit agencies, which also include Moody's Investor Service and Fitch, had warned during the budget fight that if Congress did not cut spending far enough, the country faced a downgrade. Moody's said it was keeping its AAA rating on the nation's debt, but that it might still lower it.

One of the biggest questions after the downgrade was what impact it would have on already nervous investors. While the downgrade was not a surprise, some selling is expected when stock trading resumes Monday morning. The Dow Jones industrial average fell 699 points this week, the biggest weekly point drop since October 2008.
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Obama State Senate Records Show Him as Confused, Off-Topic

Barack Obama served in the Illinois State Senate from 1997-2004 before being elected to the United States Senate that year. President Obama has characterized his tenure in the body as a time of building consensus between the two parties and pushing through important legislation.

Upon a look of the actual transcripts of his Senate tenure, there is a different picture. While he does address some issues, such as lead poisoning, rent control, and municipal issues, many of these are not earth-shattering or reducing regulation or taxes.

You can find some of his transcripts per year simply by looking at the Illinois legislative record. Let's take a look at some examples from his first year on the job in 1997.

From October 30, 1997, he even admits to his colleagues that he was not paying attention to legislation already passed with his consent:


So why was he not paying "sufficient attention"? Just look back two weeks, to the October 17th transcript, in which he wasn't even there:


Or another absence from November 1999:


Or this confused response from November 2000?


So he got better with experience, eh? From May 2001, what about following talk of the Energy and Environment Committee meeting with... birthday wishes?


Wow. The bill of the century.

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Wisconsin Court Orders Tax Payers to Foot Trans-Gendered Convict's Gene Therapy

The world we live in:
A federal appeals court has upheld a judge's ruling striking down a Wisconsin law banning taxpayer-funded hormone therapy for transgender inmates.

The 7th U.S. Circuit Court of Appeals decision came Friday in a case brought by a group of male inmates who identify as female. They say they need the hormones to treat their gender identity disorder and not having them would lead to severe health problems.

The state appealed after a federal judge struck down the 2006 law last year. A three-judge panel upheld the ruling, saying denying inmates medical treatment amounted to "torture."

The American Civil Liberties Union hailed the decision.
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The New Pundit Press

Pundit Press (at the suggestion of intrepid writer Danny) has switched from a blogspot domain to www.punditpress.com. All old articles direct to the new site!

Hope you enjoy the new, old Pundit Press!


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DOW Gains 60

The Dow Jones Industrial average gained 60 points in today's session on Wall Street, which is definitely better than yesterday's 500 point decline, but is still in negative territory for the year. Nasdaq lost 24 points and the S&P 500 lost just 1.

I wrote earlier how the DJI would likely gain 50 or so points today, due to the somewhat good jobs report that came out this morning from Washington.

What say you?

Awaiting Pataki's Entrance

NOTE: Pundit Press is not supporting any candidate for President at this point.

Pundit Press reported several weeks ago that former New York Governor George Pataki will announce his campaign for the 2012 Presidential election in South Carolina this month - and we're standing by that report.

We have noticed Governor Pataki touring both Iowa and South Carolina; lamenting the lack of candidates in the race and "mulling" his options. There's no doubt he is running for President, but the question is: "when will he announce?"

Unfortunately, Pundit Press has absolutely no idea - but we do know that Governor Pataki will announce by the end of this month, and can't wait until he does.

Until then, we'll just have to do with Governor Pataki visiting battleground states and the media ignoring his impending candidacy.

What say you?

DOW Down 215 in Mid-Day Trading

Once again:

Update, 1:01pm- And what do you know, now the DOW's up over 100. A very busy, and even more volatile, day.

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Watch Obama Speech on Economy Livestream Video, 8/5/2011




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Watch Obama Speech Live Video, 8/5/2011




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A Declaration of Independence

It has happened just as foretold.  The Progressive Republicans have joined with their Democrat fellow-travelers and once again sold our inheritance for a bowl of promises.  We voted for an end to the out of control spending and what did we get?  3.5 trillion steps closer to the abyss.   It’s time to admit that when you fall off a cliff it doesn’t matter much if you were pushed or if you walked.  The fall might not be so bad but that sudden stop at the end isn’t so good.

Maybe it’s just me but I’m tired of the same old same old in our politics.  The big-box monopoly parties have morphed into two sides of the same coin.  Today we choose between the Conservative Progressives’ policies of tax and spend, infringe personal liberty, and outsource our sovereignty or the Liberal Progressives’ policies of tax and spend, infringe personal liberty, and outsource our sovereignty.  We’ve been caught on the horns of a dilemma trying to choose between Tweedledee and Tweedledum, and since we don’t want to throw our vote away we must vote for one of the big boys after which the campaign promises dissolve and we’re hung out to dry.

As a voter I’ve had my Damascus Road Experience.  The scales have fallen from my eyes.  I’ve reached the point where I would rather vote for someone who might actually try finding another way to operate our government besides taxing like the Sun King and spending like a drunken sailor whose credit card limit is constantly raised and who can print his own money.  

It’s time to stop talking.  It’s time to take action.  The Founders of our nation dedicated their lives, their fortunes, and their sacred honor to birth our state and this noble experiment.  It’s time for us to do the same. This nation was conceived as a representative republic designed to operate on democratic principles.  For over 100 years the Progressives have worked to transform the land of the free and the home of the brave into a People’s Democratic Republic.  What’s the difference?  The difference between a Democracy and a People’s Democracy is “the difference between a jacket and a straight jacket.”

How did we arrive at the current situation? 

James Madison our fourth president and the chief architect of the U.S. Constitution said, “There are more instances of the abridgement of the freedom of the people by the gradual and silent encroachment of those in power, than by violent and sudden usurpation.”  We didn’t get here all in one jump.  First the camel said, “Can I just stick my nose in your tent to stay warm?” and finally the generous man found himself out in the cold as the camel settled down for a nice warm nap, one inch at a time. 

The compassion of our people built a safety net for those who needed help and the greed of the lazy turned it into a hammock.  America, the Land of the Free is being transformed into an America that is dedicated to the unsustainable achievement of, from each according to their abilities to each according to their need.  When you rob Peter to pay Paul eventually Peter changes his name to Paul and the house of cards  tumbles down.
The willingness to share our heritage led America to welcome more immigrants each year than the rest of the world combined, and the abuse of our generosity turned into a migration invasion that threatens to overwhelm us and destroy the future of our children.  Taxes imposed to meet the ever-swelling demands of government have turned into a blatant, wealth re-distribution program that makes most pyramid schemes look fair.  It’s as if our predatory government looks at a productive citizen as merely a source of residual income.  Or as the ads promise, our Progressive leaders lay on the beach of self-importance and our checks just keep pouring in.  We’re no longer respected as Citizens.  Instead, we’re coveted as consumers or human capital. 

It’s time for action.

We as citizens who love our country must to break the logjam caused by an imperial presidency, an abdicating legislature, an activist court, a suffocating bureaucracy, and the strangulation of regulation.  The constant growth of government destroys freedom for “as government expands liberty contracts.”
It’s time to actively work for America’s acceptance of a different way.

And what might this Different way be? 

Something radical, something that almost strains the bounds of the imagination, something that would immediately unleash the bent-up energy of a free people: a return to constitutionally limited government! 
But how do we get there from here?  We need to build a new party to win the reins of government from the two-headed bird of prey which has assumed perpetual power through perpetual re-election.  What we need now are citizens willing to sacrifice their repose and enter the arena.  We need non-professionals to clean up the mess and right the ship of state.

What we don’t need is one more election where the Conservative Progressives replace the Liberal Conservatives because as Albert Einstein said, “Insanity is doing the same thing over and over again and expecting different results.”

We need a new party.  We must work to unite the Tea Party Movement with the many splinter parties which hold the same basic values.  We must reclaim our liberty from the professional politicians and professional radicals who have manipulated the system to achieve unlimited power which they use to spend us into insolvency, tax us into poverty, and regulate us into serfdom.

This new party must siphon off all the conservatives who are members of the twin party out of habit or family tradition.  This new party must rise fast and work hard.  It must capture the center and the right declaring boldly that it will defend what America stands for but not necessarily all that stands for America.  The time has come to fight for the right before we are swallowed by the wrong.

Winston Churchill said, "If you will not fight for the right when you can easily win without bloodshed, if you will not fight when your victory will be sure and not so costly, you may come to the moment when you will have to fight with all the odds against you and only a precarious chance for survival.  There may be a worse case.  You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves."

We can’t let divisions divide us or they will bury us.  United we stand, divided we fall.  None of us can do this alone but together we can.  Keep the faith.  Keep the peace.  We shall overcome.

Dr. Owens teaches History, Political Science, and Religion for Southside Virginia Community College.  He is the author of the History of the Future @ http://drrobertowens.com View the trailer for Dr. Owens’ latest book @ http://www.youtube.com/watch?v=_ypkoS0gGn8
© 2011 Robert R. Owens drrobertowens@hotmail.com  Follow Dr. Robert Owens on Facebook or Twitter @ Drrobertowens.