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-------------------- Stocks stayed mostly flat for the day, with the Dow Jones ending up 60 probably on news that the Republican House lost their balls... The bullcrap Senate 2 month extension of the 2% Payroll tax will make it to President Obama's desk after all... INSTEAD of calling out the Senate for the 2 month tax cut AND for recessing early for Christmas, the Republican House caved. It's time to demote John Boehner. I knew he would be a bad leader from the times of seeing Boehner in the background of U.S. Treasury Secretary Hank Paulson during the 2008 financial crisis TARP announcements. He hasn't done squat on making the United States fiscally solvent and doesn't have the will to point out how politically corrupt the Senate and Obama are for the country. Boehner represents the old "Rethuglican" wing of the GOP which is careless on government spending and loves its military spending. Boehner is lockstep with former House Speaker, Tom Delay, on many things. He's a joke. Eventually, United States Debit is going to explode and hurt EVERYBODY and we'll pay partly because of the LACK of courage shown after the 2010 Elections. On the economic data front, 3rd Quarter Gross Domestic Product (measure of the overall VALUE of goods/services produced within the United States) was 1.8%. Sluggish annualized growth (divide by 4 for the actual rate) for the 3rd quarter, which was affected by Europe's bleeding and ongoing U.S. political uncertainty of policy. Usually, you would like a 3.0% and above annual growth rate for a stronger economy. Jobless Claims (total applications for Unemployment Insurance) dropped to 364,000 filed... Typically, 300,000 to 350,000 filed per week has shown job market growth. But the real question with the improved jobless claims number is this... Is the Job Market grown or has more and more Americans taken themselves OUT of the labor market? Eventually, you become convinced that you cannot find a job that matches your skillset or what you earned before and actually stop giving up... Have Americans given up with a 64% Labor Force Participation Rate, the lowest the rate has been in almost 30 years? CONTACT MR. TITO - Email: [email protected] - Twitter: @titowrestling - Join LoPForums.com: Feedback Thread BLOG is TITO Archive on LoPForums.com © Mr. Tito 1998 - 2011
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