RSS

Category Archives: 2012 Election

It’s not about ‘winning or losing’?

According to the Associated Press (AP), on the eve of the biggest political debate of his life, Republican Tea Party (GOTP) presidential nominee Willard Mitt Romney’s saying the presidential debate won’t be about “winning or losing” but instead it will be a chance for the candidates to describe the “pathway” on which they’d like to take the country. Followed of course by voters deciding who won and lost, who’ll get their votes and who’ll be sitting at home come January.

“People want to know who’s going to win, who’s going to score the punches, and who’s going to make the biggest difference in the arguments they make,” Willard mewed to supporters. “There’s going to be all the scoring of winning and losing and, you know, in my view, it’s not so much winning and losing or even the people themselves, the president and myself, it’s about something bigger than that.”

“These debates are an opportunity for each of us to describe the pathway forward for America that we would choose and the American people are going to have to make their choice as to what kind of America they’d want.”

So, Willard’s afraid he’s going to get his clock cleaned in the debate and he’s essentially trying to lower expectations before hand; he’s sounding like the last place high school football coach going up against the first place team, “Just remember men, it’s not about who wins or loses, it’s how you play the game.”

Interestingly enough, Willard’s words are clashing with those of his own staff and the plethora of conservative pundits who’re counting on the debates to rescue Romney’s sinking campaign.

Romney’s spent countless hours prepping for the big moment, and has reportedly been practicing “zinger” delivery, hoping for a Reaganesque, “there you go again moment”, problem being however, he’s not Ronald Reagan and the President Obama isn’t Jimmy Carter.

In the end, it doesn’t really matter if Willard Romney thinks the debates are about winning or losing, it’s about what the American people think; if Romney fails to win a decisive victory in tonight’s debate it’ll become virtually impossible – if it isn’t already – for him to win come November. This debate, for Romney, is absolutely about winning or losing, this is where he has the chance to resuscitate a dying campaign, and if he can’t you might as well attach the toe tag.

 
1 Comment

Posted by on October 2, 2012 in 2012 Election

 

Tags: , , , , ,

AP had to apply a Michele Bachmann fact-checking ‘quota’?

According to the Associated Press (AP), Republican Tea Party (GOTP) presidential loser Congresswoman Michele Bachmann made so many dubious claims during her primary campaign, especially during the GOTP debates, they had to enforce a “quota” for how many it fact-checked.

Editor Jim Drinkard, who oversees the organization’s fact-checking, made the revelation at a National Press Club panel on Wednesday. “We had to have a self-imposed Michele Bachmann quota in some of those debates,” he said.

“Often she was just more prone to statements that just didn’t add up,” Drinkard explained.

Some of Bachmann’s statements, according to independent fact-checking website Factcheck.org, included allegations that Obama’s health care reform legislation would cost 1.6 million jobs over five years and that there is “no jail” for terrorists captured on the battlefield.

Of course her most celebrated statement came during the CNN/Tea Party debate when she went after Rick Perry and called the HPV vaccine a “potentially dangerous drug.” Health experts debunked that claim, which pundits also targeted.

It’s long been known Bachmann plays fast and loose with facts, and that she might be more than a little crazy, but at least now people know how off base she really is; perhaps her constituents will finally see what everyone in the country sees.

 
Leave a comment

Posted by on October 2, 2012 in 2012 Election

 

Tags: , , , , , ,

Latest 2012 Presidential Polls – 2 Oct 12 Edition

Five (5) weeks – 35 days – until the November election and Republican Tea Party (GOTP) presidential footnote Willard Mitt Romney’s trying to overcome his latest misstep, wondering aloud why windows can’t be rolled down on airplanes? Some suggest he was “only joking”; doesn’t matter, it was an obtuse thing to say, and it’s only added to the image that he’s not as bright as people think he is and that he’s – as Jon Stewart put it – “like Charlie from Flowers for Algernon, and the serum is wearing off”. Topping this off was Ann Romney’s startling declaration that her greatest concern for her husband was his “mental well-being”; not what you need your wife saying about you, but especially not what you need your wife saying about you when you’re running for the presidency.

So, there’s one day to the first debate and a plethora of pundits are claiming Romney can turn it all around tomorrow tonight because he’s had more than 20 debates this fall to help him prepare and he’s ready to go; yeah OK, but he’s not debating the misfits from the GOTP primaries, he’s debating the President f the United States, and from what Willard’s demonstrated thus far, I’d say the odds are nowhere near to being in his favor.

So, how does the GOTP candidate stand up against the President this week?

The last favorability Politico/GWU/Battleground poll of likely voters conducted from 24 – 27 Sep 12, showed the President with a 50% favorability rating compared to Romney’s 46%. For the second straight week the President’s favorables are above 50% while Romney’s continues to be the most disliked presidential candidate in recent history with unfavorables of 48%.

So, who’s more electable right now?

In the most recent viable’ national poll(s) – which are any group other than the Washington Times or Rasmussen (which are generally always skewed not just to the right, but far to the right – usually by five or more points) – the most recent CNN/Opinion Research poll of registered voters conducted from 28 – 30 Sep 12, if the general election was held today:

President Obama 50/Romney 47

According to other recent viable polls, if the general election was held today …

Gallup Tracking poll of registered voters conducted from 23-29 Sep 12:

President Obama 49/Romney 44

ABC News/Wash Post poll of likely voters conducted from 26 – 29 Sep 12:

President Obama 49/Romney 47

Politico/GWU/Battleground poll of likely voters conducted from 24 – 27 Sep 12:

President Obama 49/Romney 47

FOX News poll of likely voters conducted from 24 – 26 Sep 12:

President Obama 48/Romney 43

Bloomberg poll of likely voters conducted from 21-24 Sep 12:

President Obama 49/Romney 43

Politico/GWU/Battleground poll of likely voters conducted from 16 – 20 Sep 12:

President Obama 50/Romney 47

Gallup Tracking poll of registered voters conducted from 17 – 23 Sep 12:

President Obama 48/Romney 46

National Journal poll of likely voters conducted from 15-19 Sep 12:

President Obama 50/Romney 43

On this day four years ago SEN Obama led SEN McCain in the polls 47/44; SEN McCain would never lead again in the polls ultimately losing to SEN Obama by a margin of 52/44.

So, if the general election was held today, according to national polls, Willard Mitt Romney loses to President Obama in the general election.

And according to state polls, if the General Election were held TODAY (note these are based on current poll numbers – not projections), the Electoral College totals based on all available current poll numbers the President defeats Romney 347/191:

As a comparison, President Obama defeated John McCain 365/173 in 2008

Results of 10 consecutive simulations based on poll data as of 3 Oct 12

Obama 318/220
Obama 308/230
Obama 297/241
Obama 286/252
Obama 297/241

Obama 316/222
Obama 303/235
Romney 272/266
Obama 347/191
Obama 281/257

Of 10 simulations the President beats Romney nine times and usually by very comfortable margins.

The simulations use cumulative polling data by state and are not based off of national polling data.

According to polling data available if the election was held today the Democratic Party would retain its majority in the United States Senate 54-46; while Democrats will be  picking up at least 15 seats in the House of Representatives, the GOTP would retain control of the lower House, but just barely at 228/207.

 
2 Comments

Posted by on October 2, 2012 in 2012 Election

 

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Employers should be able to pay women less?

Republican Tea Party (GOTP) senate hopeful Todd Akin’s reportedly saying it’s fair for employers to pay women less than men.

“I believe in free enterprise. I don’t think the government should be telling people what you pay and what you don’t pay,” Akin said at a recent town hall meeting answering a question concerning his decision to vote against the Lily Ledbetter Fair Pay Act of 2009.

“I think it’s about freedom,” Akin added. “If somebody wants to hire somebody and they agree on a salary, that’s fine, however it wants to work. So, the government sticking its nose into all kinds of things has gotten us into huge trouble.”

With all due respect Mr. Akin, not only are you an ignoramus when it comes to “legitimate rape” but you’re just a plain old fashioned ignoramus when it comes to women’s issues period. Go back to your village, find your rock, and climb back under it.

 
Leave a comment

Posted by on October 1, 2012 in 2012 Election

 

Tags: , , , , , , , , , , ,

Wealthy donors begin fleeing sinking ship?

According to Fox Business’ Charlie Gasparino wealthy donors are reportedly beginning to pull their rather substantial financial support from Republican Tea Party (GOTP) presidential footnote Willard Mitt Romney’s campaign and are instead sending their dollars to Republican House and Senate candidates who they’re betting on will have a better chance of winning come election day.

Gasparino said “a major player in Romney’s New York fundraising circles,” told him donors are losing faith Willard can beat the President.

The desire to head for the life boats may be due to the fact the President’s leading in national polling, and more importantly is leading by healthy margins in almost every battleground states except North Carolina.

According to my calculations Romney’s not just going to lose but lose big (somewhere around the 347/191 neighborhood) and it seems a lot of others – particularly his money backers – are finally beginning to see that as well.

 
Leave a comment

Posted by on October 1, 2012 in 2012 Election

 

Tags: , , , , , , , , , ,

Image

Each time I look

 
Leave a comment

Posted by on October 1, 2012 in 2012 Election

 

Tags: , ,

Who’s kept us safer?

How many embassies have been overrun on Obama’s watch again?

A conservative friend continues to post this question, as though it’s been a dozen or more with hundreds of Americans killed by terrorists since President Obama was inaugurated; this conservative mind set made me wonder which party’s kept Americans safer both at home and abroad, and since conservatives have raised the question, attempting to hint that President Obama has somehow failed in protecting American interests and Americans from terrorist attacks, and also hinting we’d be better off again under a rough and tough Republican like Willard Romney let’s take a look at the record since 1975 as to which party seems to be able to keep Americans and our interests better protected, either due to terrorist groups being afraid of our “perceived” toughness, or due to actually physically preventing attacks.

24 Jan 75 (FORD), bomb set off in historic Fraunces Tavern, New York City, NY, killed 4 and injured more than 50 people. Puerto Rican nationalist group (FALN) claimed responsibility, and police tied 13 other bombings to the group.

19 Aug 74 (FORD) U.S. ambassador to Cyprus Rodger P. Davies killed by sniper fire during a demonstration against American policy by Greek Cypriots at the embassy in Nicosia

16 Jun 76 (FORD) U.S. ambassador to Lebanon, Francis E. Meloy Jr. was kidnapped by a Palestinian separatist group and shot along with U.S. economic counselor Robert O. Waring as both diplomats headed to present their credentials to the new Lebanese president in 1976.

Three terrorist attacks, seven Americans killed (including two ambassadors), one embassy/consulate attacked/overrun by terrorists under Republican President Gerald Ford.

14 Feb 79 (CARTER) Adolph Dubs, Ambassador to Afghanistan, Dubs was taken hostage in Kabul and was killed during the rescue attempt.

4 Nov 79 (CARTER), Iranian radical students seized the U.S. embassy in Tehran, taking 66 hostages. 14 were later released. The remaining 52 were freed after 444 days on the day of President Reagan’s inauguration.

Two terrorist attacks, One American (ambassador) killed, one embassy/consulate overrun under Democratic President Jimmy Carter

18 Apr 83 (REAGAN), U.S. embassy in Beirut, Lebanon destroyed in suicide car-bomb attack; 63 dead, including 17 Americans; the Islamic Jihad claimed responsibility.

23 Oct 83 (REAGAN), Shiite suicide bombers exploded truck near U.S. military barracks at Beirut airport, Lebanon, killing 241 marines.

12 Dec 83 (REAGAN) Shiite truck bombers attacked the U.S. embassy in Kuwait City, Kuwait and other targets, no Americans were killed.

20 Sep 84 (REAGAN), a truck bomb exploded outside the U.S. embassy annex, Beirut, Lebanon, killing 2 U.S. military personnel

3 Dec 84 (REAGAN), Kuwait Airways Flight 221, from Kuwait to Pakistan, hijacked and diverted to Tehran, Iran. 2 Americans killed.

14 Jun 85 (REAGAN), TWA Flight 847 en route from Athens to Rome hijacked to Beirut, Lebanon by Hezbollah terrorists and held for 17 days. A U.S. Navy diver executed.

7 Oct 85 (REAGAN), gunmen linked to Libya attacked Italian cruise ship, Achille Lauro. One U.S. tourist killed.

18 Dec 85 (REAGAN), airports in Rome and Vienna were bombed, killing 5 Americans. Bombing linked to Libya.

2 Apr 86 (REAGAN), a bomb exploded aboard TWA flight 840 en route from Rome to Athens, killing 4 Americans and injuring 9.

5 Apr 86 (REAGAN), Libyans bombed a disco in West Berlin, Germany, frequented by U.S. servicemen, killing 2 American servicemen and injuring 79 others.

21 Dec 86 (REAGAN), New York bound Pan-Am Boeing 747 exploded in flight from a terrorist bomb and crashed into village of Lockerbie, Scotland, killing all 259 aboard and 11 on the ground. Passengers included 35 Syracuse University students and many U.S. military personnel. In total 189 Americans were killed.

Eleven terrorist attacks, 466 Americans killed, three embassies/consulates overrun/attacked under Republican President Ronald Reagan

26 Feb 93 (CLINTON), a truck bomb exploded in basement garage of World Trade Center, New York City, killing 6 and injuring at least 1,040 others.

19 Apr 95 (CLINTON), a truck bomb exploded outside federal office building, in Oklahoma City, Oklahoma, collapsing wall and floors. 168 people were killed, including 19 children and 1 person who died in rescue effort.

13 Nov 95 (CLINTON), a car bomb exploded at U.S. military headquarters, killing 5 U.S. military servicemen.

25 Jun 96 (CLINTON), a truck bomb exploded outside Khobar Towers military complex, Dhahran, Saudi Arabia, killing 19 American servicemen and injuring hundreds of others.

7 Aug 98 (CLINTON), truck bombs exploded almost simultaneously near 2 U.S. embassies, Nairobi, Kenya, and Dar es Salaam, Tanzania, killing 12 Americans and 224 others (213 in Kenya and 11 in Tanzania) and injuring about 4,500.

12 Oct 00 (CLINTON), U.S. Navy destroyer USS Cole heavily damaged when a small boat loaded with explosives blew up alongside it in Aden, Yemen; 17 sailors killed.

Six terrorist attacks, 237 Americans killed, two embassies/consulates overrun/attacked under Democratic President Bill Clinton

11 Sep 01 (BUSH), hijackers crashed two commercial jets into twin towers of World Trade Center, New York City; two more hijacked jets were crashed into the Pentagon, Arlington, VA and a field in rural PA. Total dead and missing numbered 2,379 Americans and 373 of other nationalities.

1 Aug – 22 Oct 02 (BUSH), John Allen Muhammad and Lee Boyd Malvo begin a shooting spree throughout the DC area including Maryland and Virginia killing ten people and critically injuring three others before being arrested.

22 Jan 02 (BUSH), Gunmen attack a U.S. government information center in Calcutta, India, near the U.S. Consulate.

14 Jun 02 (BUSH), a bomb explodes outside American consulate in Karachi, Pakistan.

12 May 03, (BUSH), suicide bombers kill 34, including 8 Americans, at housing compounds for Westerners in Riyadh, Saudi Arabia.

29-31 May 04 (BUSH), terrorists attack the offices of a Saudi oil company in Khobar, Saudi Arabia; take foreign oil workers hostage in a nearby residential compound, leaving 22 people dead including one American.

11-19 Jun 04 (BUSH), terrorists kidnap and execute Paul Johnson Jr., an American, in Riyadh, Saudi Arabia. 2 other Americans and BBC cameraman killed by gun attacks.

6 Dec 12 (BUSH), terrorists storm the U.S. consulate in Jeddah, Saudi Arabia, killing 5 consulate employees.

9 Nov 05 (BUSH), suicide bombers hit 3 American hotels, Radisson, Grand Hyatt, and Days Inn, in Amman, Jordan, killing 57, including 4 Americans.

2 Mar 06 (BUSH), a U.S. diplomat and his driver are among at least four people killed in an apparent suicide attack outside the U.S. Consulate in Karachi, Pakistan.

12 Sep 06 (BUSH), Syrian authorities kill three attackers and apprehend a suspect outside the U.S. Embassy after a car explodes near the walls of the Damascus building.

2 Jan 07 (BUSH), the U.S. embassy in Athens, Greece is fired on by an anti-tank missile causing damage but no injuries.

16 Sep 07 (BUSH), a car bomb and a rocket strike the U.S. embassy in Yemen as staff arrived to work, killing 16 people, including 4 civilians.

26 Nov 07 (BUSH), in a series of attacks on several of Mumbai’s landmarks and commercial hubs that are popular with Americans and other foreign tourists, including at least two five-star hotels, a hospital, a train station, and a cinema. About 300 people are wounded and nearly 190 people die, including at least 5 Americans.

9 Jul 08 (BUSH), the U.S. Consulate in Istanbul, Turkey, is attacked in what the American ambassador to the country calls “an obvious act of terrorism” aimed at the U.S.

17 Sep 08 (BUSH), heavily armed fighters attack the U.S. Embassy in Yemen. A car bomb is detonated.

Sixteen terrorist attacks, 2,418 Americans killed, nine embassies/consulates overrun/attacked under Republican President George W. Bush

1 Jun 09 (OBAMA), Abdulhakim Muhammed, a Muslim convert from Memphis, Tennessee, is charged with shooting two soldiers outside a military recruiting center. One is killed and the other is wounded.

5 Nov 09 (OBAMA), U.S. Army Major Nidal Malik Hasan opens fire on fellow soldiers at Ft. Hood, TX killing 13 and wounding 29 others.

14 Feb 10, (OBAMA), Andrew Joseph Stack III his plane into an IRS building in Austin, Texas killing himself and a person inside the building and injuring 13 others. The crash caused a serious fire and significant damage to the building.

10 May 10 (OBAMA), a pipe bomb explodes outside a mosque in Jacksonville, FL.

5 Aug 12 (OBAMA), a gunman opens fire at a Sikh Temple in Oak Creek, WI, killing six people and injuring three others.

12 Sep 12 (OBAMA), Islamist militants armed with antiaircraft weapons and rocket-propelled grenades stormed a lightly defended United States diplomatic mission in Benghazi, Libya, killing American ambassador, J. Christopher Stevens and three members of his staff

Six terrorist attacks, 25 Americans killed (including one ambassador), 2 embassies/consulates overrun/attacked, under Democratic President Barrack Obama

Since 1974 – President Gerald Ford – there have been 44 terrorist attacks against American interests, as a result of which 3,154 Americans have been killed (including four ambassadors), and 18 American embassies or consulates overrun or attacked; so, with those numbers in mind, under which party’s Presidents have American interests – and citizens – suffered less?

Fourteen (14) terrorist attacks, 263 Americans killed (including two ambassadors), five embassies/consulates overrun/attacked under Democratic Presidents.

Thirty (30) terrorist attacks, 2,891 Americans killed (including two ambassadors), 13 embassies/consulates attacked/overrun by terrorists under Republican Presidents.

Facts really suck when they don’t paint the picture you’re attempting to palm off on the American people. Facts are Republicans – in spite of talking like a character in a John Wayne movie – have failed and failed miserably over the past 37 years to protect Americans and America’s interest at home and abroad, and there’s absolutely no evidence Willard could do any better than his conservative predecessors; especially troubling is the fact he’s surrounded himself with George W. Bush retreads – why would anyone want a President who’s taking advice from the same group of intellectually challenged misfits who advised on, created and implemented the worse foreign policy decisions in the history of our nation?

 
12 Comments

Posted by on October 1, 2012 in 2012 Election

 

Tags: , , , , , , , , ,

Ann says she’s concerned about Mitt’s ‘mental well-being’?

According to Reuters’, in a recent interview, Ann Romney said her biggest concern if her husband, Republican Tea Party (GOTP) presidential footnote Willard Mitt Romney, becomes president was his “mental well-being.”

“I think my biggest concern obviously would just be for his mental well-being,” she said. “I have all the confidence in the world in his ability, in his decisiveness, in his leadership skills, in his understanding of the economy. … So for me I think it would just be the emotional part of it.”

Wow, talk about your glowing character recommendation; not exactly the thing you want your wife going around saying when you’re running for the office of the most powerful man in the world, whose decisions can plummet the world into nuclear armageddon.

No doubt Ann would object to anyone quoting her this way, “Stop it. This is hard. You want to try it? Get in the ring,” she might say.

Sorry Ann, you’re the one who said you’re worried about Willard’s mental state, not me.

This could possibly be the most devastating miscue of the entire campaign.

 
1 Comment

Posted by on September 29, 2012 in 2012 Election

 

Tags: , , ,

Private Sector is Doing Fine – 28 Sep 12 Edition

“The private sector is doing fine” ~ President Obama

“I think he’s really defining what it means to be out of touch with reality.” ~ Willard Mitt Romney

Since the above exchange between the President and Willard the following indicators the private sector is indeed “doing fine”:

Fiscal First Quarter reported earnings:

FedEx posted $10.79 billion

In the 2nd Quarter the following earnings were reported by the private sector:

Yahoo reported $1.08 billion
Facebook reported $1.2 billion
EBay reported $3.4 billion
Macy’s reported $6.12 billion
Travelers reported $6.36 billion
McDonald’s reported $6.92 billion
Morgan Stanley reported $7 billion
Best Buy reported $10.55 billion
Amazon.com reported $12.8 billion
Google reported $12.21 billion
United Parcel Service (UPS) reported $13.4 billion
Coca-Cola reported $13.09 billion
Intel reported $13.5 billion
Dell reported $14.5 billion
Pfizer reported $15.1 billion
Johnson & Johnson reported $16.5 billion
Microsoft reported $18.06 billion
Citigroup reported $18.4 billion
Procter & Gamble reported $20.2 billion
Bank of America reported $22.2 billion
IBM reported $25.8 billion
Verizon reported $28.6 billion
AT&T reported $31.6 billion

Following are third quarter earnings:

Hewlett-Packard reported $29.7 billion

Following are fourth quarter earnings:

News Corp. reported $8.4 billion
Cisco reported $11.7 billion

The private sector added 163,000 jobs in July, according to the ADP report. Analysts had been expecting an increase of 120,000.

The Labor Department reports nonfarm payrolls rose by 96,000 in August from July, less than the 125,000 expected. The unemployment rate unexpectedly fell to 8.1% from 8.3.

New claims for unemployment benefits fell to 359,000 last week from an upwardly revised 385,000 the week prior. Claims were expected to fall to 378,000 from an initially reported 382,000. Week of 17-22 Sep 12.

The Conference Board’s gauge of consumer confidence rose to 65.9 in July from 62.7 in June, better than the 61.5 economists expected.

The Conference Board’s reading on consumer confidence rose to 70.3 in September from an upwardly revised 61.3 in August, topping estimates for a reading of 63. The reading was the highest since February.

The manufacturing sector in the U.S. Midwest expanded at a slightly swifter pace in July than it did the month before. The Institute for Supply Management-Chicago’s PMI gauge came in at 53.7, higher than expectations of 52.5 and a reading of 52.9 in June.

Home prices in 20 major U.S. metropolitan areas climbed 2.2% in May from the month before on a non-seasonally adjusted basis, according the S&P/Case-Shiller report. That came in stronger than the 1.5% gain economists expected.

Sales of existing homes rose 2.3% in July from June to an annualized rate of 4.47 million units, according to the National Association of Realtors.

Existing home sales rose 7.8% in August from July to an annualized rate of 4.82 million units, topping estimates of a 4.55-million unit rate and marking the fastest pace since May 2010.

U.S. pending home sales rose 2.4% in July from June, topping the 1% expected and hitting the highest level since April 2010. Sales were up 12.4% from a year ago.

U.S. housing starts jumped 6.9% in June from May to a 760,000-unit rate, topping estimates of a 745,000-unit rate and marking the highest rate since October 2008.

Housing starts rose 2.3% in August from July to a 750,000-unit rate, missing estimates of a 765,000-unit rate. Permits fell 1% to an 803,000-unit rate, but topped estimates of a 796,000-unit rate.

Sales of new single-family homes rose 3.6% in July from June to an annualized rate of 372,000 units. Analysts were expecting an annualized rate of 365,000 units.

The Commerce Department reported that building permits rose 6.8% to a rate of 812,000, the highest level in four years.

The Labor Department reported producer prices climbed 0.3% in July from June, the fastest pace in five months. Analysts expected an increase of 0.2%. Excluding the food and energy components, prices were up 0.4%, also more than the 0.2% increase forecast.

Retail sales climbed 0.8% in July from June, the largest increase since February and a bigger gain than the 0.3% economists expected.

The consumer sentiment reading of the Thomson Reuters/University of Michigan survey showed consumer sentiment increased to 73.6 in early August from July’s final reading of 72.3. The August preliminary reading topped forecasts for an increase to 72.4 and marked the highest level since May.

U.S. retail sales rose 0.9% in August from July, more than the 0.7% expected and the largest rise since February. Excluding the auto segment, sales were up 0.8%, topping estimates of 0.6%.

The broad S&P 500 struck its highest level since May 2008 on 21 Aug 12, while the Dow is sitting less than 60 points beneath its highest point since the end of 2007. Meanwhile, oil futures are jumping 1.5% as the U.S. dollar sinks to its lowest level since early July.

The Markit Flash U.S. Manufacturing PMI rose to 51.9 in August from 51.4 in July, the first monthly increase in five months. Readings over 50 point to expansion while readings below 50 indicate contraction.

Orders for long-lasting U.S. goods rose 4.2% in July from June, blowing past estimates of a 2.4% increase. Excluding the transportation segment, orders were down 0.4%, missing estimates of a 0.5% gain.

A second reading on U.S. gross domestic product showed the economy expanded at an annualized rate of 1.7% in the second quarter, in line with economists’ estimates and faster than an initial estimate of 1.5%.

The S&P/Case-Shiller composite index of 20 metropolitan areas shows home prices rose 2.3% in June from May on a non-seasonally adjusted basis, a bigger gain than the 1.6% expected. Prices were up 0.5% from the same period a year earlier in the first increase since September 2010.

The S&P/Case Shiller composite index of 20 metropolitan areas shows home prices rose 1.6% in July from June on a non-seasonally adjusted basis. Prices were up 1.2% from a year ago, more than the 1% expected.

Personal spending rose 0.4% in July from June, as expected, to the highest level since February. Personal income rose 0.3%, also as expected.

A final reading on consumer sentiment for the month of August checked in at 74.3, higher than a preliminary reading of 73.6, according to a survey by Thomson Reuters and the University of Michigan.

The Institute for Supply Management’s gauge of service-sector activity rose to 53.7 in August, the highest level since May, from 52.6 in July; the index was expected to fall slightly to 52.5.

New claims for unemployment benefits fell to 365,000 from an upwardly revised 377,000 the week prior. Claims were expected to fall to 370,000 from an initially reported 374,000.

Stock Market was 8077.56 on 19 Jan 09 and 13,437.13 on 28 Sep 12

Who’s out of touch Mitt?

 
Leave a comment

Posted by on September 28, 2012 in 2012 Election

 

Tags: , , , , , , , , , , , , , , , , , , , , , ,

President Obama speaks on self determination

 
Leave a comment

Posted by on September 27, 2012 in 2012 Election

 

Tags: , , ,