Markets love the Scott Walker landslide.
[quote]You didn't see it in the mainstream financial media Wednesday morning. [b]But stocks loved Gov. Scott Walker's spanking of public-sector unions and Democrats in Wisconsin. [/b]
The Dow jumped about 165 points right at the opening on Wednesday, and closed ahead 234. There really was no other news. There was some speculation about central bank stimulus in Europe and the United States. Blah, blah, blah. But there was nothing specific or concrete.
So it's an easy point to make:[b] Markets love the Scott Walker landslide. [/b]
Tuesday night on "The Kudlow Report," two investment gurus predicted a bullish market if Walker won. Art Hogan of Lazard Capital and Mike Ozanian of Forbes both forecasted a Walker rally. And that's just what we got Wednesday.
The logic? Well, mainly, a big Walker win opens the door to a Wisconsin victory for Mitt Romney this fall. Think of Walker as the leading indicator for November.
[url]http://news.investors.com/article/613921/201206061815/markets-investors-like-governor-scott-walker-landslide.htm[/url][/quote]Leading indicator for November indeed, and the beginning of the end for public sector unions, and that's a win, win, win for America.
Obama Spending the Naked Truth
Obama's claims of lower Federal spending under his watch are not just lies, but damn lies! If you want to see Democrat propaganda at work check out this story which debunks the claim some dumbass report came up with by juggling the numbers and back loading spending passed by a lame duck congress and signed by Obama.
[url]http://m.spokesman.com/stories/2012/jun/05/obamas-claim-unfounded/[/url]
PolitiFact called Obama's spending claim 'mostly true', so they show their true colors as just another liberal flunky.
By the way Esten, are you still claiming as Obama did how much oil the US has verses the rest of the world. If so, check out the US Geological Services estimates of the Eagle Ford and Bakken reserves. If you can't read I'll make it easy for you, at an estimated 50% recovery rate with today's technology we now have more reserves than Saudi Arabia. Couple that with what we can get from the Canada oil sand deposits and there is no reason to import oil when it's developed here! Our oil and American jobs!
But that does not work for the environmental types who want the pipe dream of wind and solar.