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HALF FULL REPORT 03/09/12

Mitt Romney took a big step toward the nomination on Super Tuesday, but didn't impress many pundits doing it. Romney is still 740 delegates short of the 1,144 he needs to win.  He'd have trouble getting there if Newt Gingrich drops out. There is a scenario in which a narrowly re-elected Barack Obama would not be as bad for us as a narrowly elected Mitt Romney. Iran may have tested a nuke in North Korea in 2010, a German newspaper reported Sunday.  Satellite images of a facility in Parchin reveal evidence of testing a neutron device to trigger a nuclear explosion, according to diplomats quoted in a British newspaper Wednesday. Despite this, Zero wants to continue negotiating. Zero's Iran policy makes war inevitable.  Israeli Prime Minister Benjamin Netanyahu may already have decided to strike.  It could be soon.  Obama is trying to bribe the Israelis to postpone an attack until after the election. Newt Gingrich took NBC's David Gregory to school on "Meet the Press" Sunday about the media's obsession with the Limbaugh-Fluke controversy.  Karl Rove was impressed. CNN's Soledad O'Brien tried to paint Breitbart.com Editor Joel Pollak (whose wife is black) as a racist because he criticized Zero's embrace of radical black separatist Harvard professor.

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TRIPLE TROUBLE: WHAT IF THE US, EUROPE, AND CHINA ALL GO UNDER?

The blistering asset rally of 2012 has run ahead of economic realities in Europe, America and China. It is exhibiting symptoms of a schizophrenic market, with technical indicators flashing signs of exhaustion. Graham Secker from Morgan Stanley said it is rare for global stocks, oil prices and government bonds to rise in lockstep, and such exuberance becomes a "very reliable sell signal for stocks" once speculators join the party. Equity long positions on NASDAQ have reached 1.5 standard deviations and long bets on oil are at an extreme of 1.9, according to data from the Commodity Futures Exchange Commission. This is occurring at a time when yields on 10-year US Treasuries are still at 1.96%, signaling depression, deflation, or both. The historical relationship between bonds and equities has completely broken down over the past six months. "You can't have a sustained period where equities are going up, while bond yields are flat or trending down," said Mr Secker. One or the other must give, and bears have no doubt which it will be.

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THE OBAMA JINX

Is there an Obama jinx?  Sportswriters wondered about that when favored teams were upset shortly after the president praised them.  Political reporters speculated about a "vacation jinx" because bad things seem to happen when Mr. Obama went on them. At a United Auto Workers conference in Detroit Feb. 28, the president recalled a 2010 visit to the Hamtrack, Michigan plant where the Chevy Volt is built  He promised that after he's president, "I'll buy one and drive it myself." Two days later (Mar 02), General Motors announced it was shutting down the Volt production line.  About 1,300 workers will lose their jobs, at least temporarily. "In three years, our partnership with the private sector has already positioned America to be the world's leading manufacturer of high-tech batteries," Mr. Obama said in his state of the union address in January. He was referring to Ener1, a recipient of a $118 million grant from the Department of Energy.  Two days after that speech, Ener1 filed for bankruptcy protection.

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BLACK AFRICA, BLACK AMERICA, AND CHICAGO PIZZA

Sangha River, Central African Rain Forest.  No one knows how many gorillas there are in this vast untracked jungle.  Researchers estimate as many as 100 to 200,000.  There could be a lot more - no one knows.  To see a family of gorillas up close in the wild, which is what I brought a group of intrepid TTPers here to do, is profoundly memorable.  What had the most impact on me personally was how peaceful and benign the gorillas' lives are.  They eat leaves.  Babies ride on the backs of their mommies.  Kids wrestle and play.  Dad - the giant bull silverback - watches over them protectively.  They have no predators.  The contrast between gorilla life and human life in Africa is overpowering.  For several of the folks with me, this was their first experience of Africa.  They had, of course, heard of poverty here, but to confront it in your face - whether on the streets of a big city or a village in the bush - was inexpressibly shocking.       Our jungle lodge had a deck overlooking the Sangha River, where we would watch the sunset and enjoy a cold beer or gin and tonic.  When our conversation turned to African poverty and hardship, I was asked what I thought as I'd seen so much of it.  I said it made me think of Chicago pizza.

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WHY DOES OBAMA WANT TO BE A MASS MURDERER OF JOBS?

Most people intuitively understand that job creation requires capital investment, but many in the Obama administration and in Congress seem to have missed this basic fact of economic life. As the late Jack Kemp used to say, "How many truck drivers would you have if nobody had money to buy trucks?" There are numerous studies that try to measure the cost of the average job, but a figure of $225,000 on average is in the ballpark. There has been much discussion in the press about all of the new job-killing environmental regulations coming out of the administration, such as the restrictions on coal plants and oil and gas drilling. The press has been less focused on the job killing that stems from all of the new financial regulations, which may end up eliminating tens of millions of jobs. An exaggeration you may say, but think about the following:

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THE PHONY FLAP OVER FLUKE

The rift between the Obama administration and Israel over what to do about Iran's nuclear program was on public display last week.  More U.S. troops were murdered by their Afghan ‘allies.'  A Gallup survey predicted a sharp increase in the unemployment rate. But media attention was focused on the flap caused when radio talk show host Rush Limbaugh called Georgetown University law student Sandra Fluke a nasty name. It is, of course, OK when media lefties use vile demeaning names for conservative women like Sarah Palin or Laura Ingraham.  Once again, the hypocrisy of the Moonbat Media is on blinding display in this phony flap over Fluke.

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HALF FULL REPORT 03/02/12

The glass is half empty this week because of the death early Thursday morning of crusading conservative journalist Andrew Breitbart. Leftist scumbags are celebrating. The way to reduce gas prices, President Obama said in New Hampshire yesterday (3/1) is to make drilling more expensive. Zero's apology to Afghan President Hamid Karzai for the accidental burning of Korans by U.S. troops has “calmed things down,” President Obama said. Somebody forgot to tell that to the Afghans. Senate Democrats voted against the First Amendment Thursday. If not overturned, Obamacare regulations requiring religious hospitals to provide birth control and abortion drugs could cause a social disaster. President Obama plans to slash health care benefits for military personnel and military retirees...and build a $750,000 soccer field for Gitmo detainees. Inflation could hit 15 percent by late next year. Wisconsin Governor Scott Walker is likely to defeat union efforts to recall him. She and the other women in her class are having so much sex they can't afford to pay for their own birth control, Georgetown University law student Sandra Fluke testified Monday.

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GENERATION CRUSHED

Some 25 million young adults are living with their parents, chiefly for economic reasons, according to U.S. Census data. Young adults remain at home or return there chiefly because they don’t have a job, or the job they have doesn’t pay very much. Only 46 percent of Americans aged 16-24 have jobs, the lowest percentage ever recorded. A majority of 872 young adults polled last fall said their yearly incomes fall under $30,000. The two advocacy groups which conducted the poll estimated that 16 percent of Americans aged 25 to 34 were underemployed. Among those aged 16 to 24, a whopping 29 percent were underemployed. A record number of college graduates are unemployed. It’s bad enough to be unemployed. It’s worse to be unemployed -- and owe $25,000 or more for a worthless degree.

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A NEW FRIEND

As a firearm enthusiast and life member of the NRA and a member of Gun Owners of America I would like to introduce you to a new firearm . It is the Ruger SR 1911, a 45 caliber pistol: rutgersr1911.jpg

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TALKING TURKEY: STOP CALLING THIS REPRESSIVE REGIME A “MODEL MOSLEM DEMOCARCY”

Whenever an old alliance comes apart, our foreign-policy establishment behaves like the spouse who pretends away a partner's ever-more-flagrant infidelities-hoping that patience and indulgence will somehow bring the straying party around. But real life doesn't work that way for lovers or for states. When we look away from shameless betrayals, it only encourages further bad behavior. And sometimes the situation requires a divorce. With no more support payments. The worst current case of a supposed ally gone wildly, viciously wrong is, of course, Pakistan, which our government refers to as a "friend" even as the real rulers in Islamabad-the military and the security services-shield the world's most wanted terrorists; support, supply and train insurgents who kill and maim our troops; and cut off our main supply route to Afghanistan (presumably, in thanks for the billions of dollars we send the Pakistanis year after year). But another, potentially graver case goes largely unremarked, when not willfully misinterpreted: Turkey, a NATO member and long-time ally (at least, on paper), is suffering from increased repression, the step-by-step subversion of its democratic system, and creeping, clawing Islamism.

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