Financial News & Solutions: 12/18/09; Update: Obama stands ground at COP15

-Posted by D.C. Worth, for Barbay (France/US)

UPDATE: "America is going to continue on this course of action to mitigate our emissions and to move toward a clean energy economy no matter what happens here in Copenhagen."
-Obama; COP15
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Any criticism of Obama on the issue of what we can bring to the table, is to admit that it is not climate, but the money.. He has made our position clear weak.

Image: Bob Strong


Procedural issues re: DC Democrat's promise at Copenhagen, to be voted; See Joseph Story, Commentaries on the Constitution 2 (1833). [Enlarge]





Logical suggestion of COP15 pledge: Manufactured energy products (windmills/etc) produced by GE in the US, helping U.S. employment; thus a critical goal of our Nation; and Eco groups and Dem Unions; all critical goals of Democrats... Form a bi-partisan TRIM-TANK!


Markets: Paco recommends agriculture (DBA), metals (DBP), as well as gold, silver, and platinum... Bullish on oil (UCO).... View technical analysis video (crude); likely that recent correction is short term...



Stimulus Makes a Perfect, Wasteful, Bureaucratic Circle read.
Claiming to follow FDR Policy from the 20th Century; is making the economy worse. Cato describes FDR tax binge, substantially financed by the poor & middle class. Read.

Video (below) A very remedial explanation of tax-rates...

Immediately cease spending, inc. bi-partisan trim-tank, to help ease tax demand on small business; and adjust in inflation....
A flat tax should be implemented, NOW!







Thiazole says: "We are only the number 1 debtor nation because of the size of our economy. As a ratio of GDP, we are not, nor are we at historical records." He also says that we are in for inflation: 8-12% yearly for up to a decade.
Democrats must curb spending!

Cato explains... FDR tripled federal taxes in 1933, i.e: Excise taxes, personal income taxes, inheritance taxes, corporate income taxes, holding company taxes and so-called "excess profits" taxes all went up.

Major job destroyers during the 1930s, prolonging unemployment that averaged 17%. Higher business taxes meant that employers had less money for growth and jobs. Social Security excise taxes on payrolls made it more expensive for employers to hire people, which discouraged hiring...##.

That's all for now... Loose the Obamacare. as it has 39% support Hold a large bi-partisan panel to spend the next year adding workable elements which include the young and old, chosen randomly... This is the worst bill in U.S. History. PRESS RELEASE