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Billionaires Dumping Stocks, Economist Knows Why

»Posted by on May 24, 2013 in ~Purple50 Blog, Economy | 0 comments

Billionaires Dumping Stocks, Economist Knows Why

Source:  22 May 2013 By Newsmax Wires Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product...

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The Spectator President

»Posted by on May 23, 2013 in ~Purple50 Blog, Trending | 0 comments

The Spectator President

Source: Pat Buchanan | May 21, 2013 TownHall Pat nails it No, this is not Watergate or Iran-Contra. Nor is it like the sex scandal that got Bill Clinton impeached. The AP, IRS and Benghazi matters represent a scandal not of presidential wrongdoing, but of presidential indolence, indifference and incompetence in discharging the duties of chief executive. The Barack Obama revealed to us in recent days is something rare in our history: a spectator president, clueless about what is going on in his own household, who reacts to revelations like some stunned bystander. Consider. Because of a grave national security leak, President Obama’s Department of Justice seized two months of records from 20 telephones used by The Associated Press. An unprecedented...

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Gang of Eight Betrays Americans

»Posted by on May 21, 2013 in ~Purple50 Blog, Immigration | 0 comments

Gang of Eight Betrays Americans

Source: Phyllis Schlafly | May 21, 2013 TownHall The Gang of Eight immigration bill can be summed up as amnesty now, border closing never. The Department of Homeland Security is not required to build a fence (which was ordered by the Secure Fence Act signed by President George W. Bush). DHS is required only to submit a plan. If the DHS Secretary decides she has not reached 90 percent of border security, a “trigger” kicks in: the creation of a Southern Border Security Commission empowered (horrors!) to make recommendations. After six months of pondering its mission, the Commission automatically self-liquidates, so there will never be border security. The Gang of Eight bill will give legal residence to 11 million illegal aliens, which is the actual...

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The Rubio Deception

»Posted by on May 20, 2013 in ~Purple50 Blog, Immigration | 0 comments

The Rubio Deception

Source: Furthermore; A long and very important post The Rubio Deception: Truth v Lies The Immigration bill is constructed to deceive the public. And, does a good job of creating the false illusion of greater security. But Rubio’s claim of enforcement ‘triggers’ is a dishonest argument. His amnesty scheme is chock full of deception with many behind the scene maneuvers all designed to obfuscate truth. The bill makes America less safe, not more. Rubio’s scheme allows illegal aliens to be legalized immediately. All at a huge cost to the US taxpayer [Note] and sovereignty of our nation. Like Obamacare, the legislation was crafted behind closed doors with pro-amnesty lobbyists, unions, immigration lawyers, and Progressivegroups like La...

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