Where Are the Jobs?
Research for Online Investors

by John Dalt

11/18/09

There is an uproar building over, “Accounting for stimulus jobs: Be careful what you wish for.” The White House claims the $787 billion economic stimulus program has created or ‘saved’ at least 640,000 jobs. This included 30 jobs saved in Arizona’s 15th congressional district, a district that DOES NOT EXIST. The stimulus website lists 700 phantom Congressional Districts.

The inability of government to account for the money already spent is coming at the same time pressure is building in Washington for another jobs bill.  The first one is working so well…’Thank you sir, can I have another?”  If you think gold, silver and oil are expensive now, wait until the government passes another big bill.  Add another trillion to our Treasury bond auction, and we will see interest rates skyrocket, and the dollar fall like a deflated balloon.  Our subscribers to SwingTrader have profited nicely from the continuing debasement of the U.S. Dollar.  Watch USO, UUP (short), GLD, SLV, AGQ, and POT.

You may not have heard about the Pontiac Silverdome selling Monday for $583 thousand dollars.  The Silverdome cost $55.7 million to build in 1975 and seats 80,300.  There were four bids submitted, the 'winning’ bid' was from a Canadian company.  The sale also included127 acres surrounding the property.  The stadium has been unused since the Detroit Lions left in 2002  The Silverdome cost the city of Pontiac $1.5 million a year to maintain.  Nothing like adding insult to injury, cancel the car your city is named after and getting kicked in the teeth on the stadium, all in one year.

They could turn it into a greenhouse.

I just visited our website and watched the Milton Freidman video.   I like to watch Dr. Freidman at least once a month.  It always gives me a lift.   Do your friends a favor; send them a link to see one of the great economic minds of the last century.

Dr. Paul Williams wrote in Canada Free Press about our first lady’s office staff. Do you remember when Nancy Reagan was criticized for upgrading the china in the White House? The mainstream media was all over her spending money when so many people were unemployed in the aftermath of Jimmy Carter’s stagflation economy. Nancy promptly raised the money to buy new china for the White House as a gift. What does Michelle do? Hire 22 special assistants, plus a hairdresser and makeup artist who travel on Air Force One with her. Total cost to the taxpayers? Over $1.6 million per year! I wonder if Maobama includes these jobs as created by the stimulus. You can read, “First Lady requires more than twenty attendants” to see if your worthless brother-in-law got a job!

For a little historical context, Laura Bush had one attendant, which has been the norm going back to Mamie Eisenhower who paid for her own. Before now, the only anomaly was Hillary with three. Rumor is that, this was reduced after Bill stained a dress. Seems she didn’t want any women in the White House.

To the mailbag:
“I would like to thank you for MarketToday.  I find it very interesting.”----subscriber E.R.

“Your best MarketToday ever.”---paid up subscriber D.C.

Thanks for the compliments and feedback.I try to bring relevant information, to help you understand investing in today’s market.  Also, thanks to all that asked about our daughter, she is recovering.  She was at the doctor twice yesterday; they found traces of the drug in her system, one cracked rib, concussion and a brain hematoma from a fall she took.  We are anxious to get her home for Thanksgiving.---John Dalt

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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