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POPS Obama: Gun Salesman of the Century "One of the largest concerns has been that consumer firearms demand might slow dramatically from Obama-led frenzy levels," Eric Wold, a Merriman Curhan Ford analyst, told the Associated Press this week. "However, not only did consumer sales increase 29 percent, but law-enforcement and international sales jumped 32 percent and 12 percent, respectively."
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POPSSurprise winner of Obama stimulus spending: gun industry Gun culture magazines in the ‘90s named President Clinton ‘gun salesman of the year’, but Obama has become the gun salesman of the century. As police departments order new firearms using stimulus funds, there's more than a little irony in the fact that a president whom the gun industry looked upon with suspicion has put forward a federal program from which gunmakers are benefiting. It seems the Democrats have realized they have become victims of their own antigun propaganda. Among the general public, a record 1 million guns were sold across the U. S. in August alone, rebuffing expectations that, after 10 months, the post-Obama election gun-buying spree would abate. Gunmaker Smith & Wesson on Wednesday reported a 30% rise in sales in the first quarter, leading to unexpected profits and a rising stock price. For those of you who are for gun control, how do you like your president now?
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POPSBernanke Defends Bail-Out Package Mistakes Should Ben Bernanke and Timothy Geitner both be called before congress to testify under oath about the huge mistakes that they made in issuing the bailout packages, and sending unaccounted money to foriegn banks last fall ?
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POPSEconomic Credulus Part II Seeing as we now own GM, theoretically it should be easier for us to make that happen. Pro-rate it based on what percentage of each company’s final product is actually made in America. I’d suggest shooting a few overpaid under performing chief executives, too, as long as we’re going into wartime crisis mode. You know what they say. Nothing focuses the mind like an execution. Divert all other allocated stimulus funds to actual shovel-ready projects. Stuff that needs to be built or fixed. Anything that needs to be researched or studied or is based on developing a new theoretical economy, as opposed to boosting the one that actually exists, sorry. Boost military spending, recruiting and pay. It’s clear none of the threats to the United States have evaporated, even though everyone likes us better. The military is stressed, in need of a refit. This is also a great alternative to boosting unemployment payments.
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POPSBrokers May Want To Push Penny Stocks Upon Customers Stockegg.com continues to put out the best penny stock alerts in the market.Our uncanny accuracy for big penny stock winners is evident by ourlarge membership.Penny stocks and Pink sheets. For more details visit us at Penny Stocks
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POPSHere's Your Stimulus Check America! That is how much the current government thinks we are worth. They spend 700 billion and we get $250.00. Why did you vote for this guy again? Just a point of fact, we are the economy. If Obama really wished to stimulate the economy he would give us all TAX CUTS not hand-me-downs. What a joke, but this eagle is not laughing. My talons are sharpened and ready to take captives.
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POPSComics, Magicians, and Mimes, oh my! From the Patriot-News Editorial: Gov. Ed Rendell is trying to do his part to aid the citizens of the commonwealth. His latest plan is to use about $15 million from the federal stimulus funds pouring into the state to try and change the mood of Pennsylvanians. The Patriot-News has learned that the money will be spent to hire clowns, mimes, magicians, street performers and comedians (nothing blue) who will be dispatched to malls, fairs and festivals across the state to boost morale. The merriment will be conducted through a new Headquarters of Economic and Emotive Efforts, or HEEE. So the next time you go to the Colonial Park Mall, look for the guy juggling bowling pins outside the Sears store, but if you don't catch him, we at least hope reading this will make you chuckle. After all, it is April Fool's Day. See more in Editorials
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POPSHigh-speed rail: Can it work in the US? I am all for ditching vehicles and going with rail, especially high-speed rail. Turn the roadways into bike paths, put trainis in the mix and those that want cars, use the ZipCar or carsharing model. Low-cost rentals are another option. Raise taxes very high on autos that are not electric or other renewable energy. Not only can new jobs be created across the contry, but a whole different style of living. Greener earth as we drop all the carbon emmissons from vehicles, vehicle building, etc. This will of course never work totally, since you will have all the car manufacturerer, car insurance companies and the list of others who's lively hoods depend on the vehicle.
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POPSChina: Stimulus Appears To Kick In. China had a massive (relative to economic size) stimulus that is _investing_ in the country's infrastructure. Obama's stimulus, also beginning to show signs of helping the economy, has been hampered by old guard thinking that promotes destructive and vicious partisanship and thinks that the only solution to any economic problem is more tax cuts. Will this be seen as the moment where backward thinking and vicious partisan politics in the U.S. hampered our response and opened the door to Chinese supremacy in Asia? Let's hope not.
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POPSReuters: U.S. could face second recession next year "It may fuel expectations for a return to inflation, adding to the uncertainty concerning the pattern and path of economic recovery," he said. The U.S. economy has the potential for a "double-dip" recession, Van Ark noted, similar to 1980 and 1982, as commodity prices rise on the back of a falling dollar and monetary easing. He added, however, that the likelihood of this scenario taking place is small as deflation risks are great, while government stimulus spending should stem further economic decline and ease the flow of job losses. The U.S. economy could contract by 2.6 percent in 2009, the largest annual decline since 1946, the Conference Board said.
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POPSG20: China takes on the west
First, while it is being hit hard by the slump in external demand and its own weak domestic consumption, China had not suffered the financial meltdown rocking the west. That is largely due to the fact that its banks were already state-owned, that they had not gone in for dodgy financial instruments, and that they have now opened the lending sluices to pour liquidity into the economy. They still have many faults, and may face a new wave of bad loans in a few years, but for the moment their balances have been strengthened and their loan ratios are low – and they do what the government tells them to. Second, China is insistent that, while it still faces major problems in reviving economic growth, it is taking the lead in coping with the crisis through its stimulus package, even if the danger is that it does not sufficiently address the fundamental need to boost domestic consumption and improve the welfare system. The official forecasts from Beijing that growth will hit 8% this year may
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POPSAssault On ‘Global New Deal’ By European Union Leaders The assault by European Union leaders also represents a defeat for President Barack Obama, who is desperate for other big economies to copy his $800 billion stimulus plan. Adding to the disarray, a draft of the agreement Brown hopes to secure was leaked to a German news magazine, prompting suggestions of “dirty tricks” by Berlin. The draft stated that Britain wanted a “$2 trillion” global fiscal stimulus. However, the figure appeared only in brackets, indicating agreement on the package had yet to be reached. The stimulus would boost world growth by 2% and employment by 19m, the draft said. The rest of the document was mainly general pledges. “We believe that an open world economy, based on the principles of the market, effective regulation and strong global institutions, can ensure sustainable globalisation with rising well-being for all,” it said.
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POPS"Democrats Boost Spending Atop Stimulus" The bill also contains a host of provisions aimed at reversing Bush-era policies, including... shutting down a controversial program that allows some Mexican trucking companies to operate freely throughout the United States, instead of only along the U.S.-Mexico border." I'm in total support of that part. Some of what he is planning is good but much is being frivolous. Many of these programs are good but we are in pretty dire circumstances right now economically & just do not have the money for many of these.
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POPSVegas - Disneyland $12B High-Speed Rail To Have Futuristic Magnetic Levitation Trains that zoom on an air cushions created by powerful magnets instead of wheels is more absurd than Obama’s $11 billion personal fleet of 28 helicopters. They could begin the first phase of the project, linking Anaheim and Las Vegas with local airports, within the next 18 months. The estimated completion cost is about $12 billion.
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POPS "Stimulus" http://www.readthestimulus.org/ Just like TARP, the stimulus bill looks more like a bailout; not of big banks, but of irresponsible states. The stimulus bill contains over $200 billion for state and local governments. The politicians tell us this bailout will prevent state governments from having to raise taxes to make up for their shortfalls. Really? Who’s going to pay the taxes to finance the new government spending in the stimulus plan? The same hardworking families who would have to pay for the state shortfalls! New government spending–whether at the federal, state or local levels–is paid for by taxpayers. Period. Take a look at the stimulus bill and decide for yourself whether it provides the necessary economic boost we need or if it is politics as usual, Washington-style. If you agree with our message, please join our cause by signing our petition . . . . . . . http://www.readthestimulus.org/
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POPSBehind Closed Doors, Dealmakers Screw the Housing Industry & The Little People Who Might Need a Home Seven-Hundred-and-Eighty-Nine BILLION DOLLARS, and there was no room for a housing credit? I’d like to know who fought to keep this credit in the final bill, and who fought to eliminate it. Names, please. UPDATE 2/11/09 @ 6:15 pm ET: To clarify, the $15,000 home-buying credit that was slashed had been included in the Senate bill , was to apply to ALL buyers with qualifying income for purchase of a new primary residence. The House bill included a $7,500 credit for first-time buyers only. I do not know the status of the House credit, but a credit for first-time buyers only will not be sufficient to stimulate some of the tougher markets because those buyers typically don’t qualify for most homes anyway.
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POPSUS Now World's Top Wind Power Generator The piece also tells us, "The United States is also expected to overtake Germany this year as the world's biggest producer of solar power, aided by its far sunnier climate, Jefferies analyst Michael McNamara told Reuters on Monday." It's a damned good start, but that's all it is -- a start. Until we're 100% renewable, it's still a work in progress.
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