As for Obama, you call him “a dithering President who looks weak to the rest of the world.” Dithering–that’s the word the Republicans use to criticize Obama because he hasn’t leaped into the air for an all-out war effort in Afghan. You’re the one who claims, Rick, that the US is “edging toward Depression.” But no matter, huh? By God, it’s time to stop dithering and authorize hundreds of billions for war. I think you’re the one wearing the red shoes, Rick. You can’t stop dancing the war dance.

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Your war-dance metaphor could use some work, Elaine, and your memory of 9/11 some refreshing. Concerning Obama, his approval ratings are declining at the fastest pace in presidential history. Mere dithering would not account for that, but the incessant pandering to our enemies and groveling in euroland would surely have helped. RA

The George W. Obama foreign policy of aggression (continued fighting in Iraq, remote controlled killing in Pakistan, more troops to fight in Afghanistan) is nothing like the Norwegians.

Are you still upset that your gun-grabbing “bomb bomb bomb Iran” wife-cheater amnesty McCain lost? Trying to think of something to good to say about Mccain… I don’t know. He has never held a private sector job.

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You know me too, too well, Frank — of course I am still smarting over my gun-grabbing candidate’s defeat. I am having trouble with your syntax, though, where you’ve tried to distinguish between “the Norwegians” and “a foreign policy of aggression”. If there are any Norwegians who are indeed like a foreign policy of aggression, I certainly don’t want to make the mistake of inviting them to dinner. RA

Also Faber on Bloomberg this morning made no restatement of his outrageous gold call from last week. Guess his “gold never again below $1000″ call last week was hyperbole or off the cuff. The headlines made it look like a rock solid statement but he was talking about both bull and bear possible scenarios this morning.

Nice article with good insights about the economy. Please read below for some support for your POV:

An Economy On Life Support Is Not Recovering
http://www.nolanchart.com/article5841.html

Recovery Depends on Investment and Capital Accumulation
http://www.nolanchart.com/article5905.html

Thats the American way. Greed, complacency, and finally empathy and compassion. It’s unfortunate that it will take a depression to get there.

Looks like my target of SPX 1150 – 1220 should be here soon. Still waiting for that elusive Hindenburg Omen.

Whenever the US Legislative and Executive Branches decide it is “just” to expand the list and pay for that next “right,” I realize that my long-term planning for a worthless US Dollar:

1. Has been in error–my time-horizon must be shortened and
2. Has not been in vain.

Best of luck to all.

We hold these Truths to be self-evident, that all Men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

I do not believe that ‘right to quality health insurance’ was left out on accident.

Are you talking about the intellectuals like Carl Marx and company who reasoned that the state could do a better job of providing for the economic needs of the Russian people? I am a little confused which intellectuals you are talking about. I would like to know who is going to control what is fair in my life before I sign on to this new experiment being cooked up in Washington.