New Human Rights
Research for Online Investors

by John Dalt

9/01/10

You may have heard that the U.S. State Department submitted a report to the U.N. Commission Human Rights Council last week.  This was the first time the U.S. had presented a report on the status of human rights.  The previous administration had refused to submit a report to this arm of the U.N. as it is used to criticize the state of Israel.  The Council includes representatives from Cuba, Russia, Saudi Arabia, Nigeria, Mexico and Russia.

The report is not an objective analysis of the freedoms and rights established in the U.S. Constitution, but a political letter that uses code words such as “just society” and seeks to paint the U.S. as a work in progress.  This fits the administration view that the U.S. has to “change” to a more socialist society.

There are references to the hard work the administration is undertaking on behalf of “universal voter registration”, “worker’s rights” and “dignity.” The U.S. Oh! Bama envisions would insure equal opportunity and equal outcomes for all Americans.  These outcomes must be equal regardless of minority status, sexual orientation, religious beliefs, abilities or effort.  You can read the complete U.S. Human Rights Report.

Charles Payne, of WStreet.com made a great point in his daily commentary.  The U.S. report to the U.N. builds on the administration’s efforts to fragment our society into the “haves” and the “have-nots.”  The more people feel they are entitled to freedom from ‘Fear’ and ‘Want’ as FDR said in his 1941 Inaugural Address the more they feel they are victims.

Victims need an enemy.  We wrote about the populism that Oh! Bama was using to disparage whole industries and sectors.  The intention of this was to make groups of people feel helpless.  They had lost their job.  It was big business’s fault.  They were upside down in their home and facing foreclosure.  It was Wall Street’s fault.  They were having health problems.  It was the insurance industry’s fault.

The corrosive effect of this blame game was that since their problems were someone else’s fault, they were innocent victims and could take government handouts without feeling guilty.  Make somebody pay.

How easy was it to increase government dependence?  In the last two years; food stamp dependence is up 50% to 41 million people, welfare is up 18% to 4.4 million people, Medicaid is up 17% to 50 million people, and over 10 million filed for unemployment, a 400% increase.

During this time of increased dependence the above programs have mushroomed in cost.  Total is now $525 billion for these four programs.  The food stamp program cost is up 80%, welfare is up 24%, Medicaid costs are up 36%, and unemployment costs are up 372%.

Charles Payne writes, “One thing is for sure; allowing Americans to live from the cradle to the grave on welfare has been more destructive than anything this side of slavery.”

Editors note:  Charles Payne is a black American, and capitalist.  I salute Charles for stating the obvious.

The market is up big this morning on a report that China’s manufacturing sector grew last month for the first time in three months.  Where were the reports for the last two months that China’s manufacturing sector was not growing?  Don’t you love the ChiComs?  We have bounced off the 1040 support area one more time.  This is the third time in the last week.  We don’t know how many times it will hold, but we will let this rally go.

To the mailbag:
Thanks for your explanation about crude oil prices.  On another note, can you imagine the outcry if the same kind of traffic jam occurred in the U.S.  Like, "Why wasn't the government there to pass out food, water, entertainment, and, of course, porta potties? We were starving and our cars were looted! blah, blah, blah." We're on a fast train to a very spoiled bunch of people who take no responsibility for our own well being! What has happened to the frontier spirit?---subscriber G.C.

John’s reply:  Oh! Bama is doing all he can to destroy it, thus today’s topic.

I believe that you neglected to mention the biggest reason for the cost of oil. That being peak oil. No we are not running out of oil, but we are running out of cheap oil.  It’s all about marginal cost.— subscriber P.R.

John’s reply:  I agree.  Good point.  I did not expand enough, sorry.  It was the point I was trying to make by my inartful use of pricing at the "fringe." The last barrel produced is the most expensive, thus the last barrel used is the most expensive.  This dynamic in commodities is what moves markets.  No matter an existing suppliers cost of production, the most expensive production that is needed to meet demand sets the market price.

The information presented in this newsletter is based on generally available news releases, corporate filings, current events, interviews and the editor’s opinions.  It may contain errors and you should not make investment decisions based solely on what you believe you have read here.  Do your own research, it is your money.  If you lose it, it is your responsibility, not ours or your grandmothers!  The editor may or may not have a position in any securities discussed.  The editor may have held a position in a security earlier, or in the future.

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