(Reuters) - Economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a slower pace, but stronger demand for automobiles softened the blow.
The Republicans wanted to let US Auto makers die... taking with them one million American jobs. Thanks to the foresight of the Democrats and Barack Hussein Obama, the US automakers are booming and leading the US out of the Bush Economic Meltdown.
See 2012 headlines: ~ Chrysler posts best quarterly profit in 13 years... ~ GM Posts Record $7.6-Billion Profit... ~ Today Ford reported a first-quarter net income for 2012 of $1.4 billion
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Treasury: Chrysler has made $1.9 billion repayment
By MARTIN CRUTSINGER (AP) – May 17, 2010 WASHINGTON — The Treasury Department said Monday it had received $1.9 billion from Chrysler to settle a $4 billion loan. http://askville.amazon.com/mon.....p; As for Treasury’s equity stake, worth $40 billion-plus, the nonpartisan Congressional Budget Office has said the Treasury won’t fully recoup that money. The total automaker bailout, including TARP money given to Chrysler, CBO estimates, will cost taxpayers about $34 billion. – Lori Robertson
Update, May 3: The CBO doesn’t give a breakdown of how much of its $34 billion cost estimate for the bailout would have gone to General Motors. But most of the automaker bailout funds went to GM. While the Treasury has a 61 percent equity stake in GM, its stake in Chrysler is 9.9 percent.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
New Obama slogan has long ties to Marxism, socialism By Victor Morton
April 30, 2012, 06:56PM
The Obama campaign apparently didn't look backwards into history when selecting its new campaign slogan, "Forward" — a word with a long and rich association with European Marxism.
Many Communist and radical publications and entities throughout the 19th and 20th centuries had the name "Forward!" or its foreign cognates. Wikipedia has an entire section called "Forward (generic name of socialist publications)."
"The name Forward carries a special meaning in socialist political terminology. It has been frequently used as a name for socialist, communist and other left-wing newspapers and publications," the online encyclopedia explains.
The slogan "Forward!" reflected the conviction of European Marxists and radicals that their movements reflected the march of history, which would move forward past capitalism and into socialism and communism.
The Obama campaign released its new campaign slogan Monday in a 7-minute video. The title card has simply the word "Forward" with the "O" having the familiar Obama logo from 2008. It will be played at rallies this weekend that mark the Obama re-election campaign's official beginning.
There have been at least two radical-left publications named "Vorwaerts" (the German word for "Forward"). One was the daily newspaper of the Social Democratic Party of Germany whose writers included Friedrich Engels and Leon Trotsky. It still publishes as the organ of Germany's SDP, though that party has changed considerably since World War II. Another was the 1844 biweekly reader of the Communist League. Karl Marx, Engels and Mikhail Bakunin are among the names associated with that publication.
East Germany named its Army soccer club ASK Vorwaerts Berlin (later FC Vorwaerts Frankfort).
Vladimir Lenin founded the publication "Vpered" (the Russian word for "forward") in 1905. Soviet propaganda film-maker Dziga Vertov made a documentary whose title is sometimes translated as "Forward, Soviet" (though also and more literally as "Stride, Soviet").
Conservative critics of the Obama administration have noted numerous ties to radicalism and socialists throughout Mr. Obama's history, from his first political campaign being launched from the living room of two former Weather Underground members, to appointing as green jobs czar Van Jones, a self-described communist. http://www.washingtontimes.com/
Public Policy Polling in Virginia: President Obama leading Mitt Romney by eight points, 51% to 43%.
Obama's winning 57-33% with voters under 30, but also up 56-37% with voters between 30 and 45.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Dow Jones Industrial Average Soars To Highest Level Since December 2007!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Dow Jones Industrial Average Soars To Highest Level Since December 2007!
And how many trillions of dollars were dumped into the market to create that number, even some the worst economists will admit it is artificial and was manipulated because it couldn't stand on its own, that doesn't say much when looking for long term security.
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot."
New Obama slogan has long ties to Marxism, socialism By Victor MortonApril 30, 2012, 06:56PM
The Obama campaign apparently didn't look backwards into history when selecting its new campaign slogan, "Forward" — a word with a long and rich association with European Marxism.
Many Communist and radical publications and entities throughout the 19th and 20th centuries had the name "Forward!" or its foreign cognates. Wikipedia has an entire section called "Forward (generic name of socialist publications)."
"The name Forward carries a special meaning in socialist political terminology. It has been frequently used as a name for socialist, communist and other left-wing newspapers and publications," the online encyclopedia explains.
The slogan "Forward!" reflected the conviction of European Marxists and radicals that their movements reflected the march of history, which would move forward past capitalism and into socialism and communism.
The Obama campaign released its new campaign slogan Monday in a 7-minute video. The title card has simply the word "Forward" with the "O" having the familiar Obama logo from 2008. It will be played at rallies this weekend that mark the Obama re-election campaign's official beginning.
There have been at least two radical-left publications named "Vorwaerts" (the German word for "Forward"). One was the daily newspaper of the Social Democratic Party of Germany whose writers included Friedrich Engels and Leon Trotsky. It still publishes as the organ of Germany's SDP, though that party has changed considerably since World War II. Another was the 1844 biweekly reader of the Communist League. Karl Marx, Engels and Mikhail Bakunin are among the names associated with that publication..............................>>>>............................>>>>.................http://www.washingtontimes.com.....s-marxism-socialism/
Factory Orders Post Biggest Decline in Three Years Published: Wednesday, 2 May 2012
New orders for U.S. factory goods in March recorded their biggest decline in three years as demand for transportation equipment and a range of other goods slumped, government data showed on Wednesday.
The Commerce Department said orders for manufactured goods dropped 1.5 percent after a revised 1.1 percent rise in February.
Economists had forecast orders falling 1.6 percent after a previously reported 1.3 percent increase in February.
While the report showed broad weakness in March in a sector that has carried the economic recovery, anecdotal evidence suggests factories continued to expand as the second quarter started.
The Institute for Supply Management's index of national manufacturing activity climbed to a 10-month high in April, with a measure of new orders received by factories the highest in a year, data showed on Tuesday.
The Commerce Department report showed orders for transportation equipment tumbled 12.6 percent in March on weak orders for civilian aircraft. Orders for motor vehicles and parts was flat in March after rising 1 percent in February.
Auto sales surged early in the year reflecting pent-up demand from households after a devastating earthquake and tsunami in Japan caused disruptions to auto production in 2011 and left dealers without models that consumers wanted to buy.
Industry data on Tuesday showed motor vehicle sales increased at an annual rate of 14.4 million units in April after rising at a 14.3 million unit pace in March, suggesting fundamental strength in the sector.
Strong auto sales buoyed consumer spending in the first quarter and contributed significantly to the economy's 2.2 percent growth pace during that period.
Factory goods orders excluding transportation were flat in March after rising 1 percent the prior month.
Unfilled orders at U.S. factories edged up 0.1 percent after rising 1.2 percent in February. Shipments of factory goods increased 0.7 percent after rising 0.1 percent the prior month, while inventories gained 0.3 percent.
The department said orders for durable goods, manufactured products expected to last three years or more, fell 4 percent instead of the 4.2 percent decline reported last week.
Durable goods orders excluding transportation were down 0.8 percent rather than 1.1 percent.
Orders for non-defense capital goods excluding aircraft — seen as a measure of business confidence and spending plans — dipped 0.1 percent in March instead of the previously reported 0.8 percent drop.
"This campaign, relatively speaking, will not be fierce or hotly contested. Instead it'll be disappointing, embarrassing, and over very quickly, like a hand job in a Bangkok bathhouse. And everybody knows it.
It's just impossible to take Mitt Romney seriously as a presidential candidate. Even the news reporters who are paid to drum up dramatic undertones are having a hard time selling Romney as half of a titanic title bout." (Rolling Stone)
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
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