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Obama Stokes Market Volatility

June 8, 2010 By Richard C. Young


As Ginni Thomas says here on Hannity, the American people can be self-governed or ruled, either citizens or subjects.

Obama’s ‘Whisper Number’ – Review & Outlook, The Wall Street Journal
President Obama predicted “strong job growth” before last week’s meager jobs report came out. His poor prediction led to major volatility in the market once the report was released. For all his word-smithing genius the President should not be making predictions on market moving data unless he has a good idea about what the reports will say. The report included a trifling 41,000 new private sector jobs, along with hundreds of thousands of new census bureau jobs. That’s not the kind of report the president should be crowing about. The president should focus his efforts on reducing the deficit, and cutting tax rates on corporations and individuals to allow them to invest capital in the future of the United States. – Dick Young

Census Bureau Makes Changes After Sex Offender Hired – Haya El Nasser, USA Today
You know James O’Keefe for his 2009 ACORN investigation, where Hannah Giles and he produced the blockbuster undercover investigation into ACORN’s corruption throughout the country. And you already know that 95% of the jobs created by the economy in May were temporary census workers. In this shocking video, O’Keefe goes undercover as a newly hired census worker revealing how your tax dollars are being wasted.  Thanks to Mr. O’Keefe’s work USA Today reported that the Census Department is making changes to its policies. Incredible. – E.J. Smith

Check out O’Keefe’s Video Here

The Murkowski Vote Cometh – Nan Swift, FreedomWorks.org
Only 51 votes are needed to pass the Murkowski resolution to stop the EPA from regulating carbon dioxide emissions. This is a must pass piece of legislation. If the EPA is allowed to regulate CO2 emissions, the entire economy will be put in jeopardy. All business friendly senators should vote for the Murkowski resolution. – Dick Young

Swiss Lower House Rejects UBS Pact – Anita Greil, The Wall Street Journal
The Swiss lower house of parliament has rightly told the U.S., and UBS to shove it. The parliament has voted to not allow a UBS pact with the U.S. to go forward in which UBS would give up the names of 4,450 people it helped hide money overseas. If the government of the United States wants the country to be competitive, it should lower taxes here at home so people aren’t flying overseas to set up shady accounts. – Dick Young

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Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
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