Thursday, April 26, 2012

Vast Majority of U.S. Companies Realizing Huge Profits

It is earnings season, and thus far, a whopping 76% of U.S. corporations have beat expectations for profits.  That will likely be a boon not only for the stock market, but to President Obama's re-election hopes.  The thing to watch is this:  With huge profits, will said companies turn around and grow their businesses by investing in new plants and equipment and hiring American workers, or will they continue to hire cheap labor, thus inflating the unemployment rate?  My guess is the latter.  No matter how many billions they rake in, it's never enough, and they have zero loyalty to their country.

Wednesday, April 25, 2012

Gingrich Ends White House Bid

Newt Gingrich, probably the most-qualified Republican candidate for president, officially ended his bid for the White House today after disappointing results in yesterday's primaries.  The GOP chose not the most qualified (Gingrich) or the most conservative (Santorum or Perry) but went with the candidate whose views are closest to President Obama.  

Tuesday, April 10, 2012

Santorum Suspends Campaign

Rick Santorum has suspended his bid for the White House, Politics Simplified has learned, no doubt to try to be Mitt Romney's running mate.

The stock market wasn't too happy with this development, falling nearly 200 points.

Monday, April 9, 2012

Apparently Gore Was Right

It's too late to benefit from former Vice President's wisdom now, seeing as a minority of the country elected someone else in 2000, but, in hindsight, it appears that Gore was right in forecasting global warming.

According to the NOAA, which has been keeping statistics since 1895, the month just concluded will go down in history as the warmest March in history.  An incredible 15,292 high temperature records were broken during the month, and for the first three months, it was the warmest quarter ever recorded in the Lower 48 states.  The average temperature was 42 degrees, a whopping 6 degrees above average.  25 states east of the Rockies reported their warmest March on record.  

As anyone who has studied global warming will tell you, the higher temperatures also produce odd weather patterns, resulting in significant rain or snowfall in areas that normally don't receive much precipitation.  This is because, as the warmer than usual air causes water to evaporate, the water must come down in places it normally does not.  The warmer temperatures also produced bizarre conditions for thunderstorms and tornadoes.  During a month that averages 80 tornadoes, there were 223, causing 40 deaths and property losses of $1.5 billion.

Not sure what wisdom President George W. Bush departed us with, but we certainly lost out on the intelligence of Gore.

Wednesday, April 4, 2012

United States Adds Another 209,000 Jobs

In what has been a recurring theme over several months, business in the U.S. added 209,000 jobs.  That is now three months in a row and four out of the last six in which the country has added over 200,000 jobs.  The United States is on its third year in a row of net jobs gains after President Obama's stimulus package was put into effect.

Tuesday, April 3, 2012

D.C., Wisconsin Endorse Democratic Ways

Mitt Romney, one of the closest things the Republicans have to a Democrat, has made it a lopsided evening, winning Wisconsin, D.C. and Maryland.  He now is a virtual shoe-in for the GOP nomination.

Maryland the Latest to Reject Traditional Republican Values

Republicans have decided this year that, in fact, the Democrats are right and they should align themselves closer to the Democratic party.  Maryland is but the latest to reject Rick Santorum and his platform of traditional Republican policies that the party has followed for 30 years.

Mitt Romney will win Maryland and likely will win D.C.  The race in Wisconsin is too close to call, but regardless, Romney will be over half of what he needs to win the Republican nomination.  

With 6% of Maryland reporting, Romney has 53% support to just 27% for Santorum.  Romney's Massachusetts health care plan was the model for which President Barack Obama's national health care bill was patterned after.  Plus, he supports the right to an abortion.

We will have complete results of tonight's election returns as they come in.

Looks Like GOP Happy to Go with Clone of Obama

Democratic idealogy, or perhaps just the notion that Democratic policies are best for the economy, is winning.  The Republican party has finally decided that ideas like Rick Santorum, George W. Bush, Ronald Reagan, etc. do not work and is ready to endorse Mitt Romney as its nominee.

Bets are, however, that if Romney were to win, he would have to swallow his pride and accept conservative legislation.  So even though he acts like Obama, don't be fooled about what he would do as president.