Saturday, August 21, 2010

Debating An Atheist: The Burden of Proof

Debating An Atheist: The Burden of Proof

The entire myth of evolution is simply an attempt by those who hate God to attempt to shift the burden of proof. "They say to wood, thou art my father, and to stone, thou hast brought me forth. They have turned their backs to me and not their faces; yet when they are in trouble, they say, come and save us." (Jeremiah 2:27)

"For since the creation of the world God's invisible qualities -- his eternal power and divine nature -- have been clearly seen, being understood from what has been made, so that men are without excuse." (Romans 1:20)

"The heavens declare the glory of God; the skies proclaim the work of his hands." (Psalm 19:1)

Friday, August 6, 2010

Another disappointing jobs report

"What an ugly report today!" says Tom Keene from Bloomberg Surveillance this morning.

"the headline jobs loss number (-131K) was worse than expected, as was private sector job creation."

The US lost 131,000 jobs in June,
according to the Bureau of Labor Statistics.

The private sector in the US added 71,000 jobs, weaker than a consensus expectation of 90,000, and weaker than the month before.

June's report was also revised to reflect even greater job losses than previously reported. 221,000 jobs were lost, not just 125,000.

BAD NEWS: The civilian employment population is falling again after a brief uptick. 58% of Americans support the entire population.

The high-paying information industry that produces so many jobs in the U.S.A. "continues to melt away."

It's not just those out of work for long durations; more people are recently losing their jobs.

The total number of employees in the US has stagnated during the "recovery", even as the working-age population increases.

Total civilian participation rate in the workforce is still going down.

Jobs in the financial sector continue to disappear.

Canada announced earlier today that it had lost 139,000 full-time jobs.

It was the first time this year that Canada had lost jobs, further proof that Canada's housing/financial bubble is bursting... at a time when America is slipping into the next wave down ("double dip" depression) and China and Australia are both nursing housing-financial bubbles in varying stages of going bust.

Norway has already slipped into economic contraction again. Today's jobs report (and today's revisions to previous jobs reports) suggest that for the US under Obama it's just a matter of time.

The bond market also made it clear that they did not expect economic growth to return. Demand for "risk-free" "safe" investment returns (treasuries) was so strong that the two year treasury fell below .50% for the first time ever. The ten year note sank to 2.84%. The spread between the 10 year and 30 year yields was the widest since 1992.

The currency markets also reflected pessimism. The dollar had slipped to its lowest against the Japanese Yen since the mid 1990s. The dollar index fell. It now takes more than $1.32 to equal a euro.

The weak job reports also raise the probability that the stock markets are inflated and overbought and due for another correction. There is an almost absurd amount of irrational exuberance propping up stock prices, while the bond market more accurately predicts years of anemic growth. Today stock slipped as expectations were punctured by reality.

"There wasn't much to celebrate in the July labor market report," says Michael Feroli, economist at JPMorgan Chase, "private employment increased by only 71,000 and, after downward revisions, is rising on average only 51,000 over the past three months, well below what is needed to absorb the flow of new workers into the labor force."

"Normally that would be expected to lift the unemployment rate, Feroli says, but because so many potential workers have been discouraged and dropped out of the labor force, the measured unemployment rate actually dropped over the last three months and held steady at 9.5%." (

Despite the statistical trick of not counting discouraged workers, it has now been 15 months in a row that the U3 unemployment rate has been reported above 9%, the longest stretch since the early 1980s.

"President" Obama continues to duck his responsibility for creating and prolonging this economic mess. Sarah Palin shares our frustration that Obama continues to lie to the American people without being challenged by the press for his deception and hypocrisy.

2012 can't come fast enough.

Wednesday, August 4, 2010

Homebuilder admits home building not likely to recover

homebuilder D.R. Horton had their conference call with investors. The homebuilder confirmed what free-market economists had said all along: the tax credit was a failure and we would be better off without another such gimmick.

28% of "buyers" canceled their orders. D.R. Horton's CEO is not surprised by these horrid numbers and expresses relief that the distortion was not actually worse. "I was surprised it only increased to 28%."

Looking forward, "The next 12 to 24 months will be challenging in the homebuilding industry."

As unemployment and lagging income catch up with consumers and businesses, we may see more defaults and bankruptcies. Personal bankruptcies rose again in July, to the highest rate since 2005.

Crime worst on Mexican Border; Democrats attack America instead of defending America

The US judicial districts with the most crime are ALL on the Mexican border. No district has more crime than the five districts on the Mexican border. Doesn't this prove the imperative of securing the border, identifying illegal immigrants, and detaining illegal invaders?

Arizona should be praised for offering their assistance to enforce existing federal law. Instead, Obama and the anti-American nutjobs in the Democratic party are actually trying to block Arizona's praiseworthy efforts!?!

Pinal County (AZ) Sheriff Bebau is absolutely correct: the federal government has become our enemy!

The Immigration and Customs Enforcement union agrees that the government is much too focused on promoting amnesty for criminal aliens, rather than enforcing the law:

"Senior ICE leadership dedicates more time to campaigning for immigration reforms aimed at large scale amnesty legislation, than advising the American public and Federal lawmakers on the severity of the illegal immigration problem, and the need for more manpower and resources within the ICE ERO to address it. ICE ERO is currently overwhelmed by the massive criminal alien problem in the United States resulting in the large-scale release of criminals back into local communities."

Read more at the Washington Examiner:

And not only is the Obama Injustice Department blocking Arizona from actually pursuing justice, but the nutroots of the left are actually attempting to foment a boycott against Arizona. The vindictiveness of the left threatens to destroy the republic and unravel our union. Not since the Civil War has any such effort against a sovereign state been initiated from within our republic. The left is playing a dangerous game... and forcing us to live with the results of their lunacy.

Boycott sets dangerous precedent - violates sovereignty, Sets up war between states.

Boycott Watch predicted the Arizona boycott would fail, and early results prove we are right!

All politics aside, President Obaba has wrongly justified the Arizona boycott. The Arizona boycott is dangerous for America.

Arizona Deserves Better Treatment Than Cuba