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Everyone who has followed me knows  I’m always right on the market.   I’m not putting up links but you can go back through the archives and verify all you want.

If you have a mutual fund that allows you to switch from stocks to secured investments like Treasury’s, put the order in now. The smart money is starting to pull out now and the stocks will start dropping and keep falling as long as the switching continues….

Here is the reason….

Mitch McConnell…. “It’s pretty clear to me that the sequester is going to go into effect…Read my lips: I’m not interested in an 11th-hour negotiation.”

The most liberal estimate shows that when the sequester goes into effect the GDP will lose  .5% over the course of the year.  This first Quarter will be positive which means the next three quarters will be in negative territory.

The exact same thing occurred in 1937.   It is usually lumped in by history as a continuation of the Great Depression but two quarters of 1936 looked like our two quarters just after the election this time…  As 1937 opened, just as 2013 opened, prospects were rosy that the worst was behind us. Unemployment had dropped from 25% to 14% with manufacturing  output rising to its 1929 levels, and then, …. with budget cutbacks  to reign in spending, very similar to sequestration today, unemployment shot back up to 19%…. If the same trend holds, our unemployment should rise to 9% again before it stabilizes and then fall slowly, ever so slowly, back to 7% it is today, quite possibly as late as 2016.

Manufacturing then cut back 37% returning work output to 1934 levels.

Finally on April 2,  1938  Roosevelt sent a new large-scale spending program to Congress, and received $3.75 billion which was split among PWA, WPA, and various relief agencies.   Other appropriations raised the total to $5 billion in the spring of 1938, after which the economy recovered.

Unemployment never recovered its 1936 level until the US went into WWII….

The Stock Market which had climbed back to its 1929 high as of  February of 1937,  lost 50% of its value by February 1938…..

Put bluntly, with sequestration, there is zero chance stocks will rise, and a 99% chance they will fall.  Doesn’t it make sense to sell out now, and put that money into the safe keeping of Treasury Bonds?

The Republicans seem jubilent they are causing it this collapse.  I guess afterwards there will be no question in any reporters or any American’s mind, that Democrats and  Keynes were always right, and Republicans and Milton Friedman were always dead wrong.

If you don’t do what I said,  and get out now,  don’t come crying to me… You were warned!

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Not really.  But think.  If the NRA had helped us keep guns out of the hands of criminals, instead of proposing that guns could be sold and bought by anyone with no questions asked….

This wouldn’t have happened.

Call your Senators and Congressmen.  Tell them to list the NRA as a terrorist group.

It might make their day!

Republican Offices
Phone (302) 577-8723
Fax (302) 577-6396

Republican Offices
Phone (302) 744-4171
Fax (302) 739-2773

Legislative Hall Office
411 Legislative Ave.
Dover, DE 19901
Phone: (302) 744-4172
Fax: (302) 739-2773

Tomorrow, is the day… like a wedding, can’t wait for it to finally be over so life can go on again…. But there is one last thing to do.

Look at the Republican Party. The only reason Romney is doing well, is because he pivoted in the first debate, and became a liberal. His past track record had almost pushed him to the point of no return, until he reinvented himself upon that first debate stage. In other words, Romney is now the more liberal candidate, if one just looks at what he has said since October 4th.

However the old message is still prevalent in Delaware’s Republican exoskeleton. Kovach who once was considered a decent person, is now a compromised decent person. Kevin Wade, is nothing more than a word to rhyme with suede. Jeff Craig wants us to believe that if you can run a 16 X 40 foot retail outlet buried in the middle of a Fairfax strip mall, you can run the entire state’s government. Greg Lavelle believes that if you trash your opponent hard enough, you will get elected. Cathy Cloutier believes that no one gives enough of a hoot, making it so simple that she can be endorsed by the pro choice and pro life movements in the same election. Evan Quietsch believes the United Nations has set up a secret outpost somewhere in the woods of the 11th District, and that his challenger is the Manchurian Candidate who is actually from Manchuria. Rick Jensen has to ignore 99% of a story to make his case in support of any Republican who shows up on his show. Dori Conner, is running “Go, Go William Penn” down in Cavalier Country. NCCE Blake has to put stickers on his campaign signs, that say “I’m not Tom Gordan.” Then there is DelawarePolitics.Net, which although it has great people, they all get their orders from Homer Simpson. There is Brian Pettyjohn who, whenever his name gets mentioned, reminds one of the Lollypop Guild soliciting a hooker on the side of the Yellow Brick Road… And then, there was Two Timing Booth, kicked out for…. oh my. Don’t even get me started on Bodenweiser…. And above all this mess, flies the green faced witch on her magic broom, saying 2014, 2014…..

What happened? Siegler, is this what happens when you put the NRA actually in charge of something?

From top to bottom this party is (I’ll bend over backwards and be very nice here)…. dysfunctional… It is time for it to go away….

I heard a caller put it very well on Al Masciti this morning. Business needs representation. With this party they don’t have it. What they do have is Jack Markell, Chip Flowers, and Beau Biden, working with them as well as representing “we the people” who simultaneously do the necessary work for these businesses as well as us who depend on their health to live well ourselves…..

Delaware works better as a single party state than as a two party one…. Why? Simply put, everyone is an individual again. There is no reason NOT to work with someone who’s viewpoint is different from yours… It is called “compromise” and with today’s Republican Party from the top down, that compromise gene is simply not in their chromosomes……

Now here is my argument… Any vote for any Republican, weakens our state. I’m guessing we need an 85/15 democratic majority to permanently make this party go away…. I’m worried that many in Delaware may not vote this time because our national election is a foregone conclusion, and really, there is no reason to suspect or worry that any Republican will win….

Here is why you must… Your vote against the Republican Party, is needed to make it be gone forever….. We need single party government now more than ever… WE need cooperation between workers and businesses, and only one party, the Democratic one, can provide that.

Some say we need another voice to balance out one party rule… We will have them. 21 separate voices in the Senate, and 45 separate ones in the House, but only if they are all Democrat … Every person is an individual, and every person has to represent their district. There are some conservative districts, there are some progressive districts. but it still will take a majority to get anything passed.

At least if there is only one party, they will get things done the old fashioned way. The conservatives will express their needs, the progressives will express their needs, and some type of compromise all can live with, will get hammered out….

That can’t happen if there are Republicans anywhere in government to mess things up…..

So do your civic duty… Vote Democratic or Libertarian, or any another candidate…. Just make Republicans go away…. I used to like watching cartoons on Saturday… Now, that I have to watch them 365 days at 24/7, it is too much…. (Now, where’s that Advil?)

Make them go away.

With Sandy’s approach, words of warning went out to all campaigns.. Get your big signs down for the storm.  Feel free to put them up after the storm blows by.  Everyone got an email.

Democrats were in full force, and in New Castle County, not one Democratic sign was left standing…  By noon all  were stored for safe keeping…

There were no libertarian candidate’s signs.  As dedicated citizens, the libertarian team scoured the county and by noon, their signs were all stored for save keeping.

The one Jill Stein sign I’d seen, was gone.  Secured by the Green Party….

In fact the only signs up as darkness approached,  were those of Alex Pires, which is understandable,  it being a one man operation, and those of the Republican line up, which apparently has even fewer supporters.

It looks like Kansas,  at intersections now, with only Republicans contesting a one man operation….

If the Green Party and Libertarian party can mobilize faster than the Republican, it is time to stop calling the Republican Party a “major” party.

Even the Wizard of Oz had more going for it than today’s Delaware Republicans, who with their daily bumbles are rapidly creating a new definition of the English word pathetic.

With High Republican Turnout I'm Sure to Be Wellfed Nov. 6th
Photo Courtesy of Soggy Log

They thought he was nuts.

This is post number 2000.

The only real significance is it is 150 posts more than where Tommywonk stopped exactly one year and fifteen days ago…

If some future historian looks back, I can only guess they may kindly make some note of the quality of thought that underlies these efforts, but my guess, is no one will ever notice…

Irregardless, as long as the urge to put thoughts down for others continues, we will go on. As usual, with no goal, no direction, and no ulterior motive. Probably upon reflection, my biggest surprise, right here, right now … is that I still enjoy it so much, and can’t wait to jot my thoughts down, click the button, and send them off to where ever cyberspace and the vast internet ocean, lets them drift….

For each of you who have become regular over the years, … thank you friend…

Jockstrap….

I just couldn’t help but notice he supports almost every Johnson. (Even ones with Swiss spellings… Johansen ….)

Lol…

The Chart Republicans Can't Explainright click on chart to view full image

It is funny how so much time and effort is spent determining who will run on the Republican side of the Presidential race, when that whole contest is made meaningless by this one chart…..

Republicans don’t want you to see this chart. Democrats simply lack the capacity to understand what it means…..

It means that if you want efficiency, then lowering taxes is good. That creates efficiency. But if you want jobs, then raising taxes is good, because that creates jobs…

The standard Republican argument against this: “That is bunk. Everyone knows cutting taxes grows jobs….” (end of argument).

What never gets done, except in the bottom comment sections of well meaning blogs, is the proper rebuttal….

If that is bunk, explain how and why history itself proves it otherwise?

And alas, they cannot answer that, because they are wrong… Low taxes do not create jobs. Higher taxes do….

Look for yourself.


Right click to open full image… Pictograph Courtesy of Viral..

So, can someone tell me again, why we shouldn’t tax the rich, and instead, balance the budget on the backs of everyone else?…….

I seem to be missing that little detail where that all makes sense……

Many of the areas hit by the storm had also been hit by Irene. In New Jersey’s Hamilton Township, Tom Jacobsen also recalled heavy spring flooding and a particularly heavy winter before that.

“I’m starting to think we really ticked off Mother Nature somehow, because we’ve been getting spanked by her for about a year now,” he said while grabbing some coffee at a convenience store…..

OF COURSE YOU DID, DUMMY. YOU VOTED FOR REPUBLICANS!