But I Thought that Obama’s Stimulus Pulled the US Out of Recession?

The past 5 weeks have seen mortgage applications crumble a further 16% – their biggest such drop in 14 months as the index for home purchase applications hovers close to its lowest level since 1995. Non-seasonally-adjusted, this is the worst start to a year in over a decade. Must be the weather?

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I will offer another alternative to why the construction industry has crashed: EBT cards cannot pay mortgages. At least not yet. Time for the pResident to issue an executive order.

David DeGerolamo

Posted in Editorial | 1 Comment

CBO report: Minimum wage hike to cost 500K jobs, boost income

President Obama’s proposal to raise the minimum wage to $10.10 per hour would cost 500,000 jobs in 2016, according to a report released Tuesday by the nonpartisan Congressional Budget Office.

The report also found hiking the wage from $7.25 per hour would raise income for about 16.5 million workers by $31 billion, potentially pulling nearly 1 million people out of poverty.

The White House and economic groups on the left immediately pushed back at the CBO’s conclusions on jobs even as they hailed the findings on poverty, saying its conclusions on jobs ran counter to other research.

“CBO’s estimates of the impact of raising the minimum wage on employment does not reflect the current consensus view of economists,” Council of Economic Advisers Chairman Jason Furman wrote in a blog post. “The bulk of academic studies, have concluded that the effects on employment of minimum wage increases in the range now under consideration are likely to be small to nonexistent.”

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Is the Left Turning on Obama?

Oliver Stone: Obama is Weak and Spineless Man

httpv://www.youtube.com/watch?v=-H6YRitVj3g

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BREAKING NEW VIDEO: Battleground Texas Illegally Copying Voter Data

httpv://www.youtube.com/watch?v=gXKwQI_0kDI

From YouTube:

In one of our most recent videos a Battleground Texas volunteer talks about forging signatures on official voting documents (which is voter fraud) nonchalantly saying, “It happens all the time.”

She’s right it, it does. And Project Veritas has the proves it in this latest video.

Battleground Texas Field Organizer Jennifer Longoria was caught on camera multiple times making statements such as, “So every time we register someone to vote we keep their name and number.”

Doing so however, is illegal. According to the Secretary of State, it is unlawful to transcribe, copy, or otherwise record a telephone number furnished on a voter registration application.

And if they can get Texans to vote, Longoria says, they can “change the elections pretty drastically.”

The raw video can be found at http://Youtube.com/VeritasVisuals

Project Veritas is non-partisan and does not advocate for political candidates or parties. The purpose of Project Veritas’ investigations is to expose waste, fraud, dishonesty and self-dealing.

Stay up to date on who responds by following us on Facebook at http://Facebook.com/ProjectVeritas and on Twitter @Project_Veritas.

Support Project Veritas’ investigations at http://ProjectVeritas.com/donate

Posted in Editorial, Elections | Tagged | 1 Comment

Fox Brothers Studio Annihilated by Obama for This Video

Conrad the Constitution S2 Finale Ep8 – Time Traveler

httpv://www.youtube.com/watch?v=4-Qt30SOwTM

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UAW Defeat Is Now Blamed on Racism

httpv://www.youtube.com/watch?v=600ouXDfDns

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‘You’re playing with a loaded gun:’ NC heroin use on the rise

Lt. Dennis Wooten

Heroin addiction is on the rise across the nation and in North Carolina, according to law enforcement and health experts, who say the recent death of Oscar-winning actor Philip Seymour Hoffman is a reminder that the drug knows no age or wealth limits.

In North Carolina, especially the eastern part of the state, law enforcement officials say they are experiencing a surge in heroin that hasn’t been seen in decades, especially among high school students.

“We’re arresting a lot of people who are 18, 19, 20, 21 years old who are supporting their own addiction by selling heroin,” said Lt. Dennis Wooten, with the Nash County Sheriff’s Office. “We’ve seen a lot of brown powder heroin, and our numbers have grown astronomically over the last four years.”

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I wonder if EBT cards are an acceptable form of payment for drugs?

David DeGerolamo

Posted in Editorial | 1 Comment

Darker U.S. homebuilder mood not just due to bad weather

Carpenter's work on installing fascia trimwork at a housing site at Mid-Atlantic Builders ''The Villages of Savannah'' development in Brandywine, Maryland May 31, 2013. REUTERS/Gary Cameron

A plunge in U.S. homebuilder confidence reported on Tuesday reflects a range of problems facing the construction industry seven years after the housing crash, challenges that go deeper than the severe winter weather blamed for much of the gloom.

The National Association of Home Builders said on Tuesday that builder confidence dropped 10 points between January and February, from 56 to 46, the largest drop since the survey began in 1985. Readings below 50 mean more builders view market conditions as poor than favorable.

But economists, analysts and builders say the decline in confidence is deep-seated and has lingered due to the widespread destruction suffered by the construction sector when the housing market collapsed. The industry faces a chronic shortage of laborers, difficulty in obtaining credit and a skittishness among developers to invest in new sites. (Reuters Insider: reut.rs/1gAYKfd).

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Split within Al Qaeda Over Syrian Rebels Grows

ISIS fighters in Syria / AP

by Bill Gertz

Sharp divisions among al Qaeda terrorists in the Middle East are continuing despite a recent appeal by the group’s top leader to heal the rift between two warring factions.

While the split within the terrorist group behind the Sept. 11, 2001, attacks on New York and Washington is real, so far it has not diminished the threat of attack against Americans, according to officials and counterterrorism analysts.

The divisions pit the remnants of al Qaeda’s central organization and its supporters in the Middle East and North Africa against a splinter group known as the Islamic State of Iraq and the Levant (ISIS).

The internal conflict has resulted in fierce online debates, killings, and bombings on the ground in Syria, where ISIS has attacked both fighters and facilities belonging to the al Nusra Front, the official al Qaeda rebel group in the Syrian conflict.

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Prince Charles’ visit boosts Saudi-UK ties

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Prince Charles in Saudi Arabia

Prince Charles, the heir apparent to the British throne, called on Prince Muqrin bin Abdulaziz, second deputy premier and special envoy of the Custodian of the Two Holy Mosques King Abdullah and Prince Saud Al-Faisal, minister of foreign affairs, on Tuesday.

Prince Charles arrived on a three-day tour of the Kingdom on Monday, his 10th trip to the Kingdom since his first official tour in 1986. The current tour is part of his four-day trip to Saudi Arabia and Qatar and comes just under a year since he last visited the two countries.

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httpv://www.youtube.com/watch?v=jdtD4pkwrFw#t=1s

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Is England succumbing to the fact that Islam has overtaken the “empire”?  Mohammed (with variations) is now the second most common name for newborn boys in Britain. While I doubt that Prince Charles is Muslim, I do not have any doubts concerning our pResident.

David DeGerolamo

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Urgent…Freedom needs your help RIGHT NOW

httpv://www.youtube.com/watch?v=Y9aWT6HTTXA

From YouTube:

803 212 6610 Please call Larry Martin my local senator for the state of SC. Tell him to support freedom and the state and national Constitution.

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Scenario video….Bugging out with a non prepper

httpv://www.youtube.com/watch?v=5xK5MKRuqSw

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Das ‘No’ to Big Labor: VW Workers Reject UAW

httpv://www.youtube.com/watch?v=Vu6uPgXX4xM

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Two Ways the Bitcoin “Crackdown” Could End

FREEMANSPERSPECTIVE

crypto currencies bitcoin

I read a story recently about a group of dandies who want to “help regulate Bitcoin, for its own good.” The thing about these guys is that they don’t really care about Bitcoin as a beautiful, disruptive technology or even for the great benefit it brings to mankind. Instead, they see Bitcoin as their ticket into the halls of the elite.

These people are not the agents of a new age. Rather, they’re trying to get into the upper levels of the old, hierarchical system.

When Charlie Shrem of BitInstant was arrested, these people jumped in on the side of the ruling elite, saying things like:

We were only passive investors in BitInstant, and we’ll do everything we can to help law enforcement. We fully support any and all governmental efforts. We want to ensure that money laundering requirements are enforced, and look forward to clear regulation being implemented on the purchase and sale of bitcoins.

First of all, none of these people – Bitcoin investors or government regulators – care anything about money laundering. When HSBC and Wachovia were caught red-handed, laundering hundreds of billions of dollars for violent drug cartels, no one was arrested. No one even lost their job! This talk about money laundering is nothing but theater for suckers.

Yet now, after holding no one accountable for laundering half a trillion dollars for the cartels, they found themselves with a chance to hurt Bitcoin – over a few million dollars of drug sales to peaceful users. So, they sent their goons to arrest poor Charlie Shrem (very publicly), who was positioned a full two steps away from the drug transactions in question.

And then, these elite wannabes – supposedly pro-Bitcoin – sucked up to the hypocritical ‘enforcers’ with everything they had. And I quote:

There are certainly a handful of folks that are hardcore libertarians (some anarchists) that believe that bitcoin should be completely unregulated, but I believe they are in the minority and, as a percentage of bitcoin believers, is shrinking very quickly.

In other words, “Please don’t think of us as anything but your faithful companions, our overlords.” It’s disgusting.

New or Old?

Continue reading

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But There Are No Mulligans After the Votes Are Counted

Poll: Only 79% Obama voters would vote for him again

Given a chance to do it all over again, only 79 percent of those who voted for President Obama would vote for him again and 71 percent of Obama voters now inclined to vote for somebody else “regret” their vote to reelect the president, according to a new poll.

The Economist/YouGov.com poll found that Obama would lose enough votes in a rematch with Mitt Romney that the Republican would win. “90 percent of people who voted for Romney would do it again, compared to only 79 percent of Obama voters who would,” said the poll.

“Clearly Romney fares better, although he had fewer voters to begin with. As a proportion of the voters each of them actually received in 2012 (66 million for Obama and 61 million for Romney), the GOP candidate ends up with 55 million votes retained to Obama’s 52 million. Not exactly a wipeout. It’s also unclear for any poll that hypothetically revisits 2012 how much it says about renewed hope for Mitt Romney – who has notably been liberated from the scrutiny of a presidential campaign ­– rather than about dissatisfaction with an incumbent president who has spent the last year defending his administration over leaks, scandals and Obamacare roll-outs,” added the poll.

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